Stocks of aluminium held in Major Japanese Ports (MJP) rose by 8% in June, firming to the highest level in nine months, according to data compiled by the trading house Marubeni.Total stocks were 309,100 tonnes, up from 285,600 tonnes in May 2021, but lower than the 347,300 tonnes of aluminium held in June...Read More
Hot-rolled coil prices in the United States inched closer to the $91-per-hundredweight ($1,820-per-short-ton) mark again on Monday July 19, supported by strong demand for hot band amid lean supply.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $90.96 per hundredweight ($1,819.20 per short ton) on July 19, an increase of 0.23% from $90.75 per cwt on Friday July 16 and...Read More
European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.On July 14, the European Commission adopted a package of proposals to make the EU's climate, energy, land use, transport and taxation policies fit to meet its greenhouse gas emissions targe...Read More
Market activity in the European Union's hot-rolled coil sector has been limited due to the seasonal slowdown and long lead times, sources told Fastmarkets on Monday July 19.In addition to seasonal factors, buyers have shown limited interest in acquiring flat steel due to sufficient stocks and long lead times from domestic and overseas suppliers.Credit lines for buyers have also been exhausted over...Read More
Slab export prices from the Commonwealth of Independent States (CIS) continued to decline in the week to Monday July 19, amid falling finished flat steel values in the region's main destination markets.In Turkey, hot-rolled coil prices dropped in the week to Friday July 16 on low activity in the key export outlets for that product. Fastmarkets' weekly price assessment for steel HRC, export, f...Read More
Flat steel prices in Russia's Central Federal District around Moscow weakened during the week to Monday July 19 amid slow trading activity, with most producers holding back August offers while assessing the market, sources told Fastmarkets.Hot-rolled sheetTrading activity in the HR sheet market was muted over the past week, with most buyers abstaining from making purchases on expectations that dom...Read More
Turkish steel mills stayed away from making any deep-sea scrap deals on Monday July 19, due to the start of the week-long Eid al-Adha public holiday, sources told Fastmarkets.Regular trading is not expected to resume until Monday July 26, they added.One market participant said the Turkish market for finished steel products and the scrap market...Read More
Prices for both new steel and aluminium scrap materials continued to rise across the UK and Europe in the week to Friday July 16, amid further manufacturing disruptions, causing the global scrap supply deficit to worsen.Manufacturing shutdowns and automotive supply chain halts - and increased demand for aluminium products, which are commanding record-high premiums - have created a huge imbalance i...Read More
The pig iron export market from Brazil was muted again during the week to Friday July 16 because suppliers have been concentrated on the local market, sources told Fastmarkets.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $620-625 per tonne on Friday, stable week on week....Read More
The pig iron import market in the United States was slow during the week to Friday July 16 because buyers held sufficient stocks and were waiting for prices to be reduced.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $625-645 per tonne on Friday, down from $650-655 per tonne a week before."Both Russia and Ukraine have unsold cargoes for August shipment and later....Read More
Inland dry ports will be constructed to facilitate bulk material transport and to improve air quality, according to a notice released by Handan Ecology and Environment Bureau (HEEB) on Monday July 19.HEEB released a notice on forwarding the Work Plan of Hebei province Atmospheric Pollution Control 2021, where the Leading Group of Hebei province Atmospheric Pollution Control proposed to construct i...Read More
One of China's principal coal-mining groups, Jinneng Holding, has reduced its coal production guidance figure for 2025 to 500 million tonnes from the previous 600 million tonnes, in line with the country's targets for lower carbon emissions, according to a company statement on July 14.Jinneng chairman Guo Jingang said in a company meeting that the goal of "carbon peak, carbon neutral" was not to e...Read More
Iron ore prices eased on Monday July 19 amid weaker market sentiment caused by restrictions on sintering and emissions imposed on mills in the steelmaking hub of Tangshan, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $221.04 per tonne, down $0.39 per tonne62% Fe low-alumina fines, cfr Qingdao: $223.02 per tonne, down $0.37 per tonne58% Fe fines high-grade premium, cfr Qingd...Read More
Hot-rolled coil prices across China's domestic market moved higher on Monday July 19, while futures prices rose with participants' expectations of lower production due to power supply restrictions in some regions and production curbs in the top steelmaking hub of Tangshan, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,880-5,950 yuan ($907-918) per tonne, up by 20-50 yuan per tonneMa...Read More
China's domestic rebar prices edged higher on Monday July 19, after power shortages increased participants' expectations of production reductions, sources said.Domestic Eastern China (Shanghai): 5,240-5,250 yuan ($809-810) per tonne, up by 10-40 yuan per tonnePower supply shortages in some regions have forced steelmakers to scale back operations, which increased participants' expectations of a pro...Read More
Three-month nickel was the only contract to trade higher in the morning session on the London Metal Exchange on Monday July 19, with most other base metals, with the exception of copper, consolidating at elevated levels.Nickel's three-month price rose to $19,155 per tonne in early trading, before easing slightly to $19,095 per tonne at 9am. The metal gained 2% throughout last week, finishing on Fr...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Monday July 19, with nickel and tin the standout performers, driven higher by supply disruptions.United States 10-year treasury yields continue to trend lower, despite inflationary pressures in the countryBase metalsLME three-month base metals prices were mixed this morning, with nickel up by...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed...Read More
Ports' operations in South Africa's KwaZulu-Natal have slightly improved, while cobalt hydroxide market participants wait for a clearer direction, sources told Fastmarkets.Ports and terminal operations in Durban and Richard Bay in KwaZula-Natal, South Africa have slowly begun to normalize while the country has prioritized recovery after recent civil unrest. Most participants held watchful attitude...Read More