Billet prices in Turkey decreased in the week to Friday September 3 amid weak market fundamentals including limited demand, falling import scrap costs and lower finished long steel prices both domestically and in export markets, sources told Fastmarkets.Fastmarkets' calculation of the index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was $441.74 per tonne on Tuesday,...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More
The market for pig iron imports in the United States went down during the week to Friday September 3 on active bookings at lower prices.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $530-535 per tonne on Friday, down from $545-550 per tonne cfr a week before.Russia-origin pig iron was booked at $530-535...Read More
The global aluminium industry needs to work collaboratively and faster to deal with carbon emissions, and social and governance challenges, executives said during a sustainability panel discussion at Fastmarkets' International Aluminium Conference on Friday September 3.Such industry-wide movement will also need large investments to materialize, which could come from the private sector, the governm...Read More
Chilean copper production in July was close to stability when compared with the corresponding month of 2020, amid increased output from Codelco and a drop reported by Escondida and Collahuasi, the country's copper commission, Cochilco, said on Thursday September 2.Chile produced 465,000 tonnes of copper in July, a slight decrease of 0.02% from 465,100 tonnes a year before but down by 2.58% from 47...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices and margins for stainless steel producers have risen notably over the past few months in both Europe and the United States, but there are now signs that the rally is petering out.A clear reason for the halt to rising prices comes from the near 20% drop in nickel prices seen in late February/early March,...Read More
Spot prices for hot-rolled coil in China's domestic market rose on Friday September 3 after supply concerns emerged following a series of mill announcements of maintenance plans for September, the traditional high season, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,760-5,800 yuan ($892-898) per tonne, up by 90-110 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,720-5...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR? Impressive advances in ore and alloy prices persisted in March, with most markets posting significant price gains. Strengthening demand from steelmakers along with supply shortages and depleted inventories in numerous markets, as well as freight and transportation...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More
China's domestic rebar prices maintained the upward trend on Friday September 3, with demand picking up ahead of the weekend.DomesticEastern China (Shanghai): 5,270-5,300 yuan ($816-820) per tonne, up by 50-60 yuan per tonneNorthern China (Beijing) weekly assessment: 5,140-5,170 yuan per tonne, up by 120-130 yuan per tonneBuyers raised procurement rates for consumption in the coming weekend, pushi...Read More
The domestic price of flat-rolled stainless steel in Northern Europe increased further in the week ended Friday September 3, supported by continued supply tightness, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe was ?,?4,000-4,200 ($4,742-4,979) per tonne on September 3, up by ?...Read More
Taiwanese steel mills have shifted their buying focus toward bulk Japanese H1&H2 (50:50) scrap in light of the shortage of containerized heavy-melting scrap (HMS) 1&2 (80:20) from the United States West Coast.Bids increased to $465-468 per tonne cfr Taiwan on Friday September 3, up from $460-465 per tonne cfr Taiwan mid-week.There was a transaction concluded at $465 per tonne cfr Taiwan earlier in...Read More
Zinc producers in China's southwestern province of Yunnan should be able to fully resume their operations by mid-June, sources said.Yunnan will remove its power restrictions by the end of June that have stunted local zinc output, the provincial energy bureau said.A few zinc smelters in Yunnan have already resumed production, however, sources that spoke to Fastmarkets said.Production capa...Read More
Three-month aluminium futures on the London Metal Exchange closed at their highest level for a decade on Friday September 3, with the base-metals complex broadly making gains despite jobs data from the United States coming in dramatically lower than expected.The LME aluminium contract closed at $2,727 per tonne on Friday, up by 1.1% from Thursday's close and its highest since May 3, 2011. This cam...Read More
The United States' steel import licenses dropped month on month but soared year on year in August, according to government figures.The US was licensed to import 2.30 million tonnes of steel in August, according to data from the US International Trade Administration's steel import monitoring system collected through Wednesday September 1. That was down by 17.86% from the preliminary US Census impor...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Recent weeks have brought two key developments with regard to trade policy on stainless steel products that will be to the detriment of consumers.In China, the country's stainless steelmakers no longer enjoy a 13% export rebate as of May 1, reducing greatly their incentive to export and instead leading them to focus on supply...Read More
Coated steel coil prices in Turkey continued to decline during the week to Friday September 3 on persistently slow demand and weaker hot-rolled coil prices, sources told Fastmarkets.Fastmarkets assessed steel hot-rolled coil, domestic, exw Turkey at $950-990 per tonne on Friday, narrowing downward by $10 from $950-1,000 per tonne last week.Domestic pricesFastmarkets' weekly price assessment for st...Read More
Spot differentials for low-carbon aluminium value-added products (VAP) in Europe moved higher in August, but most market participants remain focused on 2022 deals.Fastmarkets assessed the aluminium low-carbon differential value-added product (VAP), Europe at $15-25 per tonne Friday September 3, up from $10-20 per tonne on August 6. Spot deals were reported at $20 per tonne for aluminium billet and...Read More
Prices for shredded steel scrap into Pakistan and India remained steady in the week to Friday September 3 after trading activity returned, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $524.96 per tonne on Friday, compared with $525.57 per tonne the previous week.At the start of the week, deals were heard at $51...Read More
Three-month aluminium futures on the London Metal Exchange closed at their highest level for a decade on Friday September 3, with the base-metals complex broadly making gains despite jobs data from the United States coming in dramatically lower than expected.The LME aluminium contract closed at $2,727 per tonne on Friday, up by 1.1% from Thursday's close and its highest since May 3, 2011. This cam...Read More