Base metals prices on the LME were mainly weaker this morning, Wednesday August 11, after average rebound gains of 1.4% on Tuesday, while SHFE base metals prices were mainly stronger in reaction to yesterday's LME gains.US Senate passes $1 trillion infrastructure bill, focused on the transport system Wall Street set fresh record highs on Tuesday US dollar strong and climbing and US treasury yields...Read More
Domestic prices for heavy steel plate in Europe moved down slightly in the week ended Wednesday August 11 due to limited trading activity, sources told Fastmarkets.Demand has been weak because of the seasonal slowdown across Europe, but this was expected to recover in September, following the traditional cycle.In addition, competitive offers from Central Europe have contributed to the downbeat sen...Read More
A summary of the financial performance of Brazilian aluminium producer Companhia Brasileira de Alum?-nio (CBA) for the second quarter of 2020, according to its earnings report released on Tuesday August 10.In brief Total aluminium sales increased year on year during the second quarter amid a "consistent" recovery of Brazilian demand following the 2020 low caused by the Covid-19 pandemic, CBA said....Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 11 that are worth another look.ArcelorMittal will start up a third rolling mill at its Jo??o Monlevade long steel plant in Brazil's southeastern Minas Gerais state in January 2022, due to strong demand and...Read More
Nickel premiums continued to rise in the United States in the week ended Tuesday August 10 due to tight availability, but premiums in other regions remained flat.US premiums up on higher sales despite end to Vale strikeChina's cathodes and briquettes quiet amid firmly closed arb windowQuiet market in Europe.Uptrend continues in US premiumsNickel premiums rose in the United States on continued high...Read More
Spot ferro-chrome prices in China continued to correct downward after peaking at a 13-year high point at the end of July, despite the continuing output restrictions caused by power supply limitations in a number of production regions.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, fell by 400-500 yuan to 10,400-10,800 yuan ($1,603-1,665) per tonne on Tuesday...Read More
China's domestic rebar prices continued on an upward trend on Wednesday August 11, despite a drop in demand caused by the impact of adverse weather in many regions.DomesticEastern China (Shanghai): 5,230-5,260 yuan ($807-812) per tonne, up by 30 yuan per tonneEnd-user demand dropped day on day because of the heavy rains in the eastern region and high temperatures in the south.The...Read More
Export billet prices from the Commonwealth of Independent States (CIS) region declined at the beginning of the week, pressured by low prices and poor demand.Lower import scrap prices in Turkey as well as low demand in major sales outlets due to the summer slowdown were the main reasons for the negative mood."[The] market seems very soft. August is a quiet month in general as well," a Europe-based...Read More
The shareholders of United Arab Emirates-based Arkan Building Materials have approved the merger of their company with Emirates Steel, Arkan said on August 9.Arkan owns companies in the construction-related sectors, including cement and concrete producers.Emirates Steel has crude steel capacity for 3.5 million tonnes per year, making it the biggest steel producer in the UAE. It produces rebar, wir...Read More
Prices for steel hollow sections in Europe remained unchanged on Wednesday August 11 with the market moving through a seasonally slower period of trading, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic, delivered Northern Europe was ?,?1,400-1,430 ($1,642-1,677) per tonne on Wednesday, unchanged week on week."Prices remain above ?,?1,400 per tonne,...Read More
Tin's three-month price reached yet another all-time peak of $35,795 per tonne on Wednesday August 11 on the London Metal Exchange. Most other base metals, copper being the sole exception, were also up while the US Dollar Index pulled back slightly.Months-long supply tightness and continued demand for tin meant that its three-month price has risen by 70% since the start of the year, having been $2...Read More
Swiss trader ArrowMetals & Trading is building a base metals concentrates desk, having hired three traders in the past month.Julian Gonzalez, Raphael Senn and Javier Villegas, all formerly of Cliveden Trading, have recently joined Arrow to trade copper, zinc and...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 11 that are worth another look.ArcelorMittal will start up a third rolling mill at its Jo??o Monlevade long steel plant in Brazil's southeastern Minas Gerais state in January 2022, due to strong demand and...Read More
Iron ore prices went up on Wednesday August 11 following the uptrend in steel and coke prices, but the demand outlook remained bearish, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $165.48 per tonne, up by $3.04 per tonne62% Fe low-alumina fines, cfr Qingdao: $165.97 per tonne, up by $3.22 per tonne58% Fe fines high-grade premium, cfr Qingdao: $134.28 per tonne, up by $3.34...Read More
An overview of the consumer electronics markets and their latest price moves.Janie Davies and Dalila...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila...Read More
Domestic prices for heavy steel plate in Europe moved down slightly in the week ended Wednesday August 11 due to limited trading activity, sources told Fastmarkets.Demand has been weak because of the seasonal slowdown across Europe, but this was expected to recover in September, following the traditional cycle.In addition, competitive offers from Central Europe have contributed to the downbeat sen...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 11 that are worth another look.ArcelorMittal will start up a third rolling mill at its Jo??o Monlevade long steel plant in Brazil's southeastern Minas Gerais state in January 2022, due to strong demand and...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 11 that are worth another look.ArcelorMittal will start up a third rolling mill at its Jo??o Monlevade long steel plant in Brazil's southeastern Minas Gerais state in January 2022, due to strong demand and...Read More
Domestic prices for hot-rolled coil were stable in Northern Europe and down in Italy on Wednesday August 11 due to seasonally weak trading activity, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?1,138.13 ($1,334.51) per tonne on August 11, down by ?,?0.62 per tonne from ?,?1,138.75 per tonne on August 10.The index was dow...Read More