Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
Here are five Fastmarkets stories you might have missed on Friday August 27 that are worth another look.Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has cancelled an agreement to sell a 55% stake to Alianza Minero Metal??rgica Internacional, the company said in a filing with the country's stock exchange,...Read More
Strict real estate regulations issued by China's central and local governments have slowed down growth in the country's housing market in the first seven months of 2021.Participants expect these policies to continue to have a strong effect on the market for the remainder the year, which would slow down growth for rebar demand.Three red linesThe People's Bank of China and the Ministry of Housing &...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More
Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday August 27.China Ferro-silicon prices in China have been strong with general sentiment quite bullish following news that Ningxia has started a stricter round of production and power cuts, intended to meet the energy consumption dual control targets, and which made spot availability even tighter. In addition...Read More
The price of flat-rolled stainless steel in Europe increased in the week ended Friday August 27 on a continuing shortness of supply, sources have told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was ?,?3,950-4,000 ($4,645-4,704) per tonne on Friday, up by ?,?50 per tonne week on week.Base pric...Read More
An overview of the new energy materials markets and their price moves in the week to Friday August 27.Susan Zou, Yingchi Yang and...Read More
Fastmarkets copper concentrate treatment charge/ refining charge (TC/RC) index continued to rise in the week to August 27. Fastmarket's calculation of the copper concentrates TC index, cif Asia Pacific is now at its highest level since mid-April 2020, with smelters bidding for clean tonnage at mid-to-high $60s. Blended cargos from Asia were offered in the mid-$60s...Read More
Color-coated steel coil prices decreased in Turkey during the week to Friday August 27 in a slow market, sources told Fastmarkets.Uncertainty over the future direction of prices, which have decreased recently for most markets, made buyers refrain from booking material.Most export markets are still in holiday season, sources said.Domestic pricesFastmarkets assessed steel hot-dipped galvanized coil....Read More
Indian domestic prices for secondary steel billet tumbled by 1,900 rupees ($26) per tonne in the week ended Friday August 27 with the price of the key raw material, direct-reduced iron (DRI), dropping by 1,200 rupees per tonne.The slide in billet prices through the week was driven by sluggish demand and fewer inquiries from buyers.The price of steel billet, domestic, exw India, assessed by Fastmar...Read More
Silicon producer Ferroglobe marked a return to profitability in the second quarter of 2021 after 13 loss-making quarters, and expected higher prices for its products in the second half of 2021, it said in an earnings statement published on Monday August 23.Ferroglobe is the western world's largest silicon producer and makes silicon and manganese-based alloys.The company is based in London and Madr...Read More
The domestic steel rebar price in Poland was flat in the week to Friday August 27 due to a seasonal slowdown, though expectations for September are rather bright amid solid construction demand, sources told Fastmarkets.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw Poland was unchanged at 4,050-4,100 zloty ($1,041-1,054) per tonne on Friday.Read More
The light iron scrap market in the United Kingdom was stable during the week to Friday August 27, with most trade sources reporting steady prices to ensure the flow of material into yards.But some domestic consumers signaled a need for price cuts for monthly deliveries in October, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered...Read More
Strict real estate regulations issued by China's central and local governments have slowed down growth in the country's housing market in the first seven months of 2021.Participants expect these policies to continue to have a strong effect on the market for the remainder the year, which would slow down growth for rebar demand.Three red linesThe People's Bank of China and the Ministry of Housing &...Read More
The domestic scrap markets in both Japan and South Korea weakened further on Friday August 27, placing further pressure on the seaborne markets, sources told Fastmarkets.South Korea reduces buying interest amid weaker local marketTokyo Steel drops bid prices for most scrap gradesImport interest limited in China despite stronger domestic sentiment.South KoreaA major South Korean steelmaker released...Read More
Fastmarkets copper concentrate treatment charge/ refining charge (TC/RC) index continued to rise in the week to August 27. Fastmarket's calculation of the copper concentrates TC index, cif Asia Pacific is now at its highest level since mid-April 2020, with smelters bidding for clean tonnage at mid-to-high $60s. Blended cargos from Asia were offered in the mid-$60s...Read More