Iranian export billet and slab prices remained unchanged in the week to Wednesday March 11, with a slowdown in domestic demand limiting trading activity while the country approaches the Persian New Year holiday on March 20.The increased demand in the local market in recent weeks was a result of the loss in the exchange-rate value of the national currency against the US dollar, with local traders h...Read More
China's northern coastal province of Hebei will remain the key steelmaking hub in the country even though its production capacity is shrinking and new facilities are being added in south China, market sources told Fastmarkets this week.China has introduced sweeping capacity replacement plans over the past couple of years, compelling producers to upgrade their steel production facili...Read More
China's domestic rebar prices maintained their upward momentum on Wednesday March 11 on strengthening end-user demand. Eastern China (Shanghai): 3,440-3,470 yuan ($495-499) per tonne, up 30 yuan per tonne Northern China (Beijing): 3,300-3,340 yuan per tonne, up 30 yuan per tonneIn China, some 111,900 out of a total of 192,500 housing and infrastructure projects - 58.2% - have resumed construction...Read More
Join Fastmarkets' free webinar on how the steel supply chain in Asia has responded to the novel coronavirus (2019-nCoV) outbreak, and what the next moves could be for the steel industry and its upstream raw materials. Register here for the webinar.Date Wednesday April 8 Time 9:30-10:30am (London time) Topics The impact of the coronavirus outbreak on China's and Asia's steel industry as w...Read More
Prices for hollow steel sections in both Northern and Southern Europe have moved down this week following the nationwide lockdown in Italy intended to control the spread of the 2019-nCoV coronavirus infection, sources told Fastmarkets on Wednesday March 11.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?600-630 ($681-715) per tonne on W...Read More
Turkish pipe export prices have increased over the past month due to stronger raw materials costs, sources said on Wednesday March 11.Fastmarkets' monthly price assessment for steel structural pipe, export, S235JR grade, EN10219, 2mm wall thickness, fob main port Turkey, was $530-540 per tonne on Wednesday, up...Read More
The enlargement of the quarantine zone in Italy to a nationwide reach has already started to affect steel output, with at least two long steel mills announcing production stoppages, sources told Fastmarkets on Wednesday March 11.On March 9, Italian authorities extended the lockdown from northern areas across the whole country in an attempt to control the outbreak of the 2019-nCoV coronavirus.Long...Read More
China's northern coastal province of Hebei will remain the key steelmaking hub in the country even though its production capacity is shrinking and new facilities are being added in south China, market sources told Fastmarkets this week.China has introduced sweeping capacity replacement plans over the past couple of years, compelling producers to upgrade their steel production facili...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 11 that are worth another look.The enlargement of the quarantine zone in Italy to a nationwide reach has already started to affect steel output, with at least two long steel mills announcing production stoppages, sources told Fastmarkets on March 11.The first deal for second-quarter aluminium ingot supply to Japan has been...Read More
The enlargement of the quarantine zone in Italy to a nationwide reach has already started to affect steel output, with at least two long steel mills announcing production stoppages, sources told Fastmarkets on Wednesday March 11.On March 9, Italian authorities extended the lockdown from northern areas across the whole country in an attempt to control the outbreak of the 2019-nCoV coronavirus.Long...Read More
Domestic prices for hot-dipped galvanized coil (HDG) have been unchanged across Europe this week despite a decrease in prices for hot-rolled coil feedstock, sources told Fastmarkets on Wednesday March 11.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was unchanged over the week at ?,?600-610 ($681-692) per tonne ex-works on March 11.The assessment was based on d...Read More
Sentiment in the European market for hot-rolled coil has been bearish due to lower import offers available in the market, sources told Fastmarkets on Wednesday March 11.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?481.00 ($545.94) per tonne on Wednesday March 11, down by ?,?0.07 per tonne day on day from ?,?481.07 per tonne on March 10.This followed a drop...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 11 that are worth another look.The enlargement of the quarantine zone in Italy to a nationwide reach has already started to affect steel output, with at least two long steel mills announcing production stoppages, sources told Fastmarkets on March 11.The first deal for second-quarter aluminium ingot supply to Japan has been...Read More
China's northern coastal province of Hebei will remain the key steelmaking hub in the country even though its production capacity is shrinking and new facilities are being added in south China, market sources told Fastmarkets this week.China has introduced sweeping capacity replacement plans over the past couple of years, compelling producers to upgrade their steel production facili...Read More
Metal mining might not be the first thing that comes to mind when people think of green economics but Boliden chief executive officer Mikael Staffas thinks European lawmakers should pay heed to the industry while they begin to stake out policies designed to reduce carbon emissions on the continent."Everybody wants to do something with the climate and drive an electric car, but no one wants to have...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 11.Please click...Read More
The London Metal Exchange three-month nickel price declined at the close of trading on Wednesday March 11, weakening against continued risk-aversion, while lead futures failed to hold above $1,800 per tonne. Nickel's outright price on the LME closed at $12,420 per tonne this afternoon, falling from an intraday high of $12,905 per tonne, while turnover was high with more than 9,500 lots exchanged b...Read More
Nickel premiums in China, the United States and Europe traded flat in the week to Tuesday March 11, while novel coronavirus (2019-CoV) disruptions further weakened poor appetite for physical nickel.US market stagnates with virus unsettling trading activityChina premiums flat while the import arbitrage window remains firmly closedEuropean market maintains lackluster trajectory while LME volatility...Read More
Prices for hollow steel sections in both Northern and Southern Europe have moved down this week following the nationwide lockdown in Italy intended to control the spread of the 2019-nCoV coronavirus infection, sources told Fastmarkets on Wednesday March 11.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?600-630 ($681-715) per tonne on W...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 11.Please click...Read More