European long steel makers who produce via electric-arc furnaces (EAF) have expressed growing concerns over rising energy costs, which could worsen ahead of higher demand in the winter, sources told Fastmarkets.One EAF mill source in Southern Europe said that on average, energy accounts for 15% of steel production costs."The latest energy price rises will add about ?,?40-50 ($46.8-58.6) per tonne...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
Seaborne iron ore prices increased on Monday September 27 because pre-holiday restocking activities at China's ports boosted market sentiment after price declines in the past two weeks.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $119.31 per tonne, up $7.98 per tonne62% Fe low-alumina fines, cfr Qingdao: $121.10 per tonne, up $7.32 per tonne58% Fe fines high-grade premium, cfr Qingdao: $...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.The 660,000-tonnes-per-year furnace was only restarted in June after nearly 14 months out of action during the Covid-19 pandemic.Usiminas did not provide any further details of the incident, but confirmed that, depending on the natu...Read More
Export slab prices from the Commonwealth of Independent States (CIS) region continued to fall toward the end of September. Mills had to make significant concessions to conclude deals in major export outlets due to the continuous weakening of finished flat-steel prices there.Fastmarkets' price assessment for steel domestic plate 8-40mm, exw Southern Europe was ?,?880-900 ($1,031-1,055) per ton...Read More
The price rally in European ferro-silicon, which has lasted through the year, is showing no sign of stopping and consumers in the steel sector are likely to demand more alloy material before prices hit even higher record peaks, sources told Fastmarkets.European prices jumped by more than 5% to a peak of ?,?2,500 ($2,930) per tonne delivered in the week to September 24, with reported deals and offe...Read More
European long steel makers who produce via electric-arc furnaces (EAF) have expressed growing concerns over rising energy costs, which could worsen ahead of higher demand in the winter, sources told Fastmarkets.One EAF mill source in Southern Europe said that on average, energy accounts for 15% of steel production costs."The latest energy price rises will add about ?,?40-50 ($46.8-58.6) per tonne...Read More
Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.The 660,000-tonnes-per-year furnace was only restarted in June after nearly 14 months out of action during the Covid-19 pandemic.Usiminas did not provide any further details of the incident, but confirmed that, depending on the natu...Read More
European long steel makers who produce via electric-arc furnaces (EAF) have expressed growing concerns over rising energy costs, which could worsen ahead of higher demand in the winter, sources told Fastmarkets.One EAF mill source in Southern Europe said that on average, energy accounts for 15% of steel production costs."The latest energy price rises will add about ?,?40-50 ($46.8-58.6) per tonne...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
Fastmarkets proposes changes to the name and specifications of its UG2 chrome ore price index.Fastmarkets proposes to change the specification for its chrome ore South Africa UG2 concentrates index basis 42%, cif China to include MG material and to amend some qualities, including to clarify a base chrome iron ratio and to implement a normalization process to meet this base level. Fastmarkets...Read More
Fastmarkets proposes to amend the publication timing of its ferro-chrome benchmark indicator and its ferro-chrome cif China price.For its ferro-chrome lumpy Cr benchmark indicator, charge basis 52% (and high carbon), Europe and ferro-chrome 50% Cr import, cif main Chinese ports price assessment, Fastmarkets proposes changing the publication time.The proposed specifications would be (proposed...Read More
Swiss trading firm SiderAlloys has hired Matteo Chareun this month as manager of its commercial division, Chareun told Fastmarkets.Prior to this role, Chareun spent seven years as commercial division manager at Swiss trading house Euromet SA, a position in which he...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
European long steel makers who produce via electric-arc furnaces (EAF) have expressed growing concerns over rising energy costs, which could worsen ahead of higher demand in the winter, sources told Fastmarkets.One EAF mill source in Southern Europe said that on average, energy accounts for 15% of steel production costs."The latest energy price rises will add about ?,?40-50 ($46.8-58.6) per tonne...Read More
European producers have been more active with export offers of hot-rolled coil to Turkey in the second half of September in an attempt to keep domestic supply volumes under control, sources told Fastmarkets.Offers for commodity-grade November-shipment HRC from Northern European producers have been heard at $950-970 per tonne cfr Turkish ports. This is substantially lower than domestic prices in Eu...Read More
Copper smelters and fabricators in some Chinese provinces are facing limits on power usage. The impact on production has been limited so far, but the threat may grow once winter arrives.China started introducing power-consumption limits in some provinces in July this year due to power shortages. The curbs have been extended recently into a larger area of the country, including Jiangsu, Shandong an...Read More
Seaborne coking coal cfr prices decreased on Monday September 27 due to market participants' expectations of lower demand in the coming months.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $594.56 per tonne, down $6.26 per tonneHard coking coal, cfr Jingtang: $529.82 per tonne, down $45.41 per tonnePremium hard coking coal, fob DBCT: $406.07 per tonne, up $0.08 per tonneHard coking co...Read More
Seaborne iron ore prices increased on Monday September 27 because pre-holiday restocking activities at China's ports boosted market sentiment after price declines in the past two weeks.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $119.31 per tonne, up $7.98 per tonne62% Fe low-alumina fines, cfr Qingdao: $121.10 per tonne, up $7.32 per tonne58% Fe fines high-grade premium, cfr Qingdao: $...Read More