The price of steel H-beams in the European domestic market was unchanged in the week to Wednesday September 8 despite reduced buying interest, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?1,050-1,080 ($1,245-1,281) per tonne on Wednesday, unchanged week on week.While sellers were comfortably booked for September, they con...Read More
Steel rebar prices in Northern Europe were stable to slightly weaker over the past seven days, due to slow buying activity and the availability of cheaper imports, sources told Fastmarkets on Wednesday September 8.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, delivered Northern Europe was ?,?870-900 ($1,032-1,067) per tonne on Wednesday, widening down by ?,?10 pe...Read More
The price of steel hollow sections in the European domestic market was unchanged amid slow trading in the week to Wednesday September 8, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic delivered Northern Europe was ?,?1,400-1,430 ($1,660-1,696) per tonne on Wednesday, unchanged week on week. ...Read More
Domestic steel wire rod prices in Southern Europe slipped down in the week to Wednesday September 8, with buyers holding back from making deals, citing the availability of cheaper imports availability, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh quality) domestic, delivered southern Europe was ?,?820-845 ($973-1,002) per tonne on Wednesday, down by ?,?5-1...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 8 that are worth another look.The Ukrainian Intergovernmental Committee for International Trade has initiated an anti-dumping investigation into imports of steel seamless cold-drawn and cold-rolled pipe originating from China.A second lithium trade has been brokered against the CME...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 8 that are worth another look.The Ukrainian Intergovernmental Committee for International Trade has initiated an anti-dumping investigation into imports of steel seamless cold-drawn and cold-rolled pipe originating from China.A second lithium trade has been brokered against the CME...Read More
The price of steel hollow sections in the European domestic market was unchanged amid slow trading in the week to Wednesday September 8, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic delivered Northern Europe was ?,?1,400-1,430 ($1,660-1,696) per tonne on Wednesday, unchanged week on week. ...Read More
Selling prices for Japanese steel scrap remain more attractive in the Japanese local market than exporting overseas, despite a fresh price cut by Tokyo Steel, sources told Fastmarkets on Wednesday September 8.Tokyo Steel reduces scrap buy prices at key millTaiwan pays higher prices for containerized scrap amid rising logistics costs and lack of vesselsWide gaps between bids and offers persists in...Read More
Steel rebar prices in Northern Europe were stable to slightly weaker over the past seven days, due to slow buying activity and the availability of cheaper imports, sources told Fastmarkets on Wednesday September 8.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, delivered Northern Europe was ?,?870-900 ($1,032-1,067) per tonne on Wednesday, widening down by ?,?10 pe...Read More
Turkish steelmakers went quiet in the deep-sea ferrous scrap markets once again after booking a number of cargoes for October shipment earlier this week, market participants said on Wednesday September 8.Three steel producers did book four deep-sea cargoes from various locations on Tuesday September 7. But weak demand for Turkish long steel products in the export markets has been keeping Turk...Read More
The European Union is suggesting the US impose tariff-rate quotas on steel and aluminium imports in a bid to reach an agreement with the US on exempting the EU from its Section 232 measures, sources told Fastmarkets on Tuesday September 7.The US and EU are widely expected to reach an agreement by November 1 on an exemption from Section 232 for European steel and aluminium.The then-p...Read More
Base metals prices were mixed on the London Metal Exchange during morning trading on Wednesday September 8, with nickel leading the complex, up by 1.7%.The three-month nickel price rose to $19,380 per tonne at 9am on Wednesday, up from $19,506 per tonne at Tuesday's 5pm close. Some 1,650 tonnes of nickel were removed from LME warehouses overnight - mostly from warehouses in Kaohsing in Taiwan, Joh...Read More
UG2 chrome ore prices fell by $11 per tonne on Tuesday September - the largest weekly drop since mid-July 2020 - after sellers cut their offers to revive buying interest dented by production cuts in the downstream alloy and stainless steel markets.Fastmarkets' calculated its chrome ore, South Africa UG2 concentrates index, basis 42%, cif China, down by $11 per tonne (6.3%) at $165 per tonne on Tue...Read More
The price of steel hollow sections in the European domestic market was unchanged amid slow trading in the week to Wednesday September 8, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic delivered Northern Europe was ?,?1,400-1,430 ($1,660-1,696) per tonne on Wednesday, unchanged week on week. ...Read More
The price of premium hard coking coal fob jumped on Wednesday September 8 with news of a fresh offer, while sources heard part of the tender result of Russian company Mechel.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $460.63 per tonne, up $2.82 per tonneHard coking coal, cfr Jingtang: $433.94 per tonne, up $2.52 per tonnePremium hard coking coal, fob DBCT: $300.87 per tonne, up $17...Read More
The Russian government is proposing to abolish or reduce its recently-imposed export taxes on ferro-alloys - with the exception of ferro-silicon - in a surprise decision announced on Tuesday September 7. No firm date was given for the introduction of the planned changes.The Russian government introduced duties on 340 steel and non-ferrous metals outside the Eurasian Economic Union (EAEU) in June 2...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 8 that are worth another look.The Ukrainian Intergovernmental Committee for International Trade has initiated an anti-dumping investigation into imports of steel seamless cold-drawn and cold-rolled pipe originating from China.A second lithium trade has been brokered against the CME...Read More
Brazilian automotive production fell by 21.90% in August 2021 compared with the corresponding month last year due to partial or complete stoppages across the country because of the global semiconductor chip shortage, national manufacturers' association Anfavea said on Wednesday September 8.Output amounted to 164,027 units during August, down from 210,009 units a year before and the worst August nu...Read More
An overview of the consumer electronics markets and their latest price moves in the week to Wednesday September 8. Cristina Belda and Dalila...Read More
The price of premium hard coking coal fob jumped on Wednesday September 8 with news of a fresh offer, while sources heard part of the tender result of Russian company Mechel.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $460.63 per tonne, up $2.82 per tonneHard coking coal, cfr Jingtang: $433.94 per tonne, up $2.52 per tonnePremium hard coking coal, fob DBCT: $300.87 per tonne, up $17...Read More