Here are five Fastmarkets stories you might have missed on Thursday September 16 that are worth another look....Read More
The European Commission (EC) has extended definitive anti-dumping duties on imports of stainless steel cold-rolled (SSCR) flat products from China and Taiwan.The decision, published in the Official Journal of the European Union on Thursday September 16, followed an expiry review lodged by the European steel association Eurofer in May. The extended duties will now remain in place until 30...Read More
Austria Metall AG (AMAG) has committed to carbon neutrality by 2040 and has called for politicians to create a framework for the stable supply of green energy at competitive prices in good time.The company laid out its strategy to achieve net-zero carbon emissions, which will focus on increased recycling, energy efficiency and the replacement of fossil fuels.Like its peers in the metals and mining...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 16 that are worth another look....Read More
The largest steelmakers in Bangladesh were largely out of the market for containers of steel scrap on Thursday September 16 following recent deep-sea cargo bookings, market participants have told Fastmarkets.In deals done last week, two deep-sea cargoes were booked to a mill in Bangladesh from the United States West Coast at $530 per tonne cfr for shredded, while a second mill booked deep-sea mate...Read More
Domestic prices for steel wire rod in Italy have widened downward over the past seven days amid sluggish buying, a decline in scrap prices and the availability of cheap imports, Fastmarkets heard on Wednesday September 15.Fastmarkets' weekly price assessment for steel wire rod (mesh quality), domestic, delivered southern Europe, was ?,?800-845 ($945-998) per tonne on Wednesday, widening downward b...Read More
The European Commission (EC) has extended definitive anti-dumping duties on imports of stainless steel cold-rolled (SSCR) flat products from China and Taiwan.The decision, published in the Official Journal of the European Union on Thursday September 16, followed an expiry review lodged by the European steel association Eurofer in May. The extended duties will now remain in place until 30...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 16 that are worth another look....Read More
London Metal Exchange base-metals prices were mostly lower at the 5pm close of trading on Thursday September 16, with a rise in the US dollar and the intended release of more metal from China's reserves weighing on the complex.The US Dollar Index reached its highest on Thursday since August 27, with an intraday high of 92.97. The index was well bid, with investors expecting a hawkish view from the...Read More
The hard coking coal cfr price rose on Thursday September 16 after Wednesday's surge in the premium hard coking coal cfr price, while offer prices for US-origin coking coal rose further, with market participants in China reluctant to procure material.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $560.76 per tonne, up $0.76 per tonneHard coking coal, cfr Jingtang: $486.93 per tonne, up...Read More
Seaborne iron ore prices continued to fall on Thursday September 16 amid sustained demand weakness, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $107.21 per tonne, down $9.44 per tonne62% Fe low-alumina fines, cfr Qingdao: $108.16 per tonne, down $9.64 per tonne58% Fe fines high-grade premium, cfr Qingdao: $79.65 per tonne, down $8.88 per tonne65% Fe...Read More
An overview of the consumer electronics markets and their latest price moves in the week to Wednesday September 15.Read More
London Metal Exchange base-metals prices were mostly lower at the 5pm close of trading on Thursday September 16, with a rise in the US dollar and the intended release of more metal from China's reserves weighing on the complex.The US Dollar Index reached its highest on Thursday since August 27, with an intraday high of 92.97. The index was well bid, with investors expecting a hawkish view from the...Read More
Brazilian aluminium producer Companhia Brasileira de Alum?-nio (CBA) has decided to join a federal government initiative to reduce power demand in the country, the company said on Thursday September 16.Adhering to this program will not affect production, however, CBA said. It will adjust consumption hours during the day to a schedule yet to be defined by the country's national electric system oper...Read More
Austria Metall AG (AMAG) has committed to carbon neutrality by 2040 and has called for politicians to create a framework for the stable supply of green energy at competitive prices in good time.The company laid out its strategy to achieve net-zero carbon emissions, which will focus on increased recycling, energy efficiency and the replacement of fossil fuels.Like its peers in the metals and mining...Read More
Service Center Metals (SCM) will invest $101.7 million on the largest expansion in its almost 20-year history, the Richmond, Virginia-based aluminium extrusion maker said on Tuesday September 14.The state of Virginia additionally will contribute $1.25 million in grants for SCM's expansion in Prince George County, a company spokesperson confirmed to Fastmarkets.The company will construct an alumini...Read More
Chilean state-owned copper producer Codelco has signed a labor agreement to last until 2024 with the No6 Benito Tapia Tapia trade union, which represents workers at its Salvador division, the company said on Wednesday September 15.The new agreement will be valid for 36 months. According to Codelco, 61% of the union's members voted in favor of taking no wage rise but having a settlement bonus of 4,...Read More
China's Yunnan province might reconsider its energy consumption curbs, it stated in a notice on Saturday September 11.In a notice that was issued by the Yunnan provincial Development and Reform Commission and seen by Fastmarkets, the province highlighted the operational curbs of a few industries with high energy consumption.The province stepped up restrictions of both ferrous and non-ferrous indus...Read More
There was a divergence in London Metal Exchange prices in the morning of September 16, with lead being the only metal to register gains, while copper, aluminum and nickel all fell - with the latter down by almost $1,000. Lead's three-month price, after a few days of persistent selling, was up by a slight $7 to $2,242 per tonne on Thursday at 9am. On Wednesday, the metal touched $2,213 per tonne, i...Read More
Iran posted a notable fall in steel product output in the first five months of the current Persian year (March 21-August 22, 2021), compared with the same period last year according to the Iranian Steel Producers Association (ISPA).Local producers made 10.8 million tonnes of semi-finished products over the period, down 12% year on year, ISPA data shows.The decline in production came as steel mills...Read More