The price of steel rebar in Russia's Central Federal District around Moscow was steady in the week to Monday June 7, aided by solid demand from end-users, sources told Fastmarkets.Tula Steel was heard offering rebar to the region at 75,000-77,000 roubles ($1,029-1,057) per tonne cpt, sources said, compared with 75,000 roubles per tonne heard seven days ago.Severstal was offering June-delivery reba...Read More
Export prices for wire rod and rebar from the Commonwealth of Independent States (CIS) were broadly unmoved in the week to Monday June 7, with trading activity to key destinations remaining weak, sources told Fastmarkets.Wire rodFastmarkets' weekly price assessment for steel wire rod (mesh quality), export, fob Black Sea, CIS was at $840-860 per tonne fob on Tuesday, widening from $845-855 per ton...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Chinese steel scrap prices were supported by firm downstream steel prices earlier this year, but they fell sharply over the second half of May. The drop in scrap prices in the latter half of the month came after authorities signalled a wish to cool down commodity prices, including those for steel and steelmaking raw material...Read More
Here are five Fastmarkets stories you might have missed on Monday June 7 that are worth another look.ArcelorMittal is seeking approval from European authorities for its acquisition of steelmaking assets in France that belong to Liberty Steel, the European Commission (EC) said on June 7.Fresh deals for the supply of aluminium ingot...Read More
The export market for steel billet originating from the Commonwealth of Independent States was quiet on Monday June 7 with no trading reported due to an offer-bid mismatch. Billet offers from CIS producers were heard in the range of $650-670 per tonne fob on Monday, little changed compared with the end of last week. No buying activity was reported for these offer prices. Small tonnages of billet f...Read More
The Indian silico-manganese export price moved up for the fourth week in a row on Friday June 4, extending its longer-term rally since February 12 on renewed steelmaker demand and tight availability. Fastmarkets assessed the silico-manganese, 65% Mn min, min 16% Si, fob India price at $1,400-1,430 per tonne on Friday, up by about 3.3% from $1,360-1,380 per tonne week on week. The price is at...Read More
ArcelorMittal is seeking approval from European authorities for its acquisition of steelmaking assets in France that belong to Liberty Steel, the European Commission (EC) said on Monday June 7."ArcelorMittal confirms that it has submitted an offer to acquire the Hayange and Ascoval steel plants which are currently owned by GFG Alliance," ArcelorMittal said.A deadline for publication of the provisi...Read More
Here are five Fastmarkets stories you might have missed on Monday June 7 that are worth another look.ArcelorMittal is seeking approval from European authorities for its acquisition of steelmaking assets in France that belong to Liberty Steel, the European Commission (EC) said on June 7.Fresh deals for the supply of aluminium ingot...Read More
Here are five Fastmarkets stories you might have missed on Monday June 7 that are worth another look.ArcelorMittal is seeking approval from European authorities for its acquisition of steelmaking assets in France that belong to Liberty Steel, the European Commission (EC) said on June 7.Fresh deals for the supply of aluminium ingot...Read More
Base metals prices on the London Metal Exchange were mainly lower this morning, Monday June 7, after the rally sparked by Friday's worse-than-expected US employment report ran out of steam.China's imports climbed 51% and exports were up 28% year on year in May.The US Dollar Index weakened after Friday's disappointing employment report in the United States.Base metalsLME three-month base metals pri...Read More
Export pig iron prices from Brazil remained strong during the week to Friday June 4 on further sales, sources told Fastmarkets.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $620 per tonne on Friday, unchanged week on week.A new sale from the south of Brazil was heard...Read More
Fresh deals for the supply of aluminium ingot to main Japanese ports (MJP) in the third quarter were concluded by Friday June 4 at a premium of $185 per tonne cif MJP on top of the London Metal Exchange cash price, market sources told Fastmarkets.Several market participants reported that the deals were done between producers and traders as well as consumers. These were agreed for small tonnages of...Read More
Base metals prices on the London Metal Exchange were largely down at the 5pm close on Monday June 7, with the exception of lead which held strongly amid the ongoing and tightly contested presidential election in Peru. "Lead and zinc are trading in their own tandem due to the close presidential election call in Peru," Fastmarkets analyst Andy Farida said. The lead price closed at $2,153 per tonne t...Read More
Physical commodities trading company Trafigura Pte Ltd and agricultural commodities firm Yara International ASA have signed a memorandum of understanding (MoU) to collaborate on the development and promotion of ammonia as a clean fuel in shipping, Trafigura said. The companies have also agreed to explore opportunities to work together on certain clean green and blue ammonia fuel infrastructure and...Read More
Here are five Fastmarkets stories you might have missed on Monday June 7 that are worth another look.ArcelorMittal is seeking approval from European authorities for its acquisition of steelmaking assets in France that belong to Liberty Steel, the European Commission (EC) said on June 7.Fresh deals for the supply of aluminium ingot...Read More
Brazilian exports of alumina decreased by 7.81% in May 2021 over the corresponding month of last year, mainly due to reduced shipments from Norsk Hydro's Alunorte refinery, according to data published in the week ended Friday June 4 by the country's ministry of economy.The country exported 718,843 tonnes of alumina in May, down from 779,769 tonnes a year before. The volume also fell month on month...Read More
Seaborne manganese ore prices jumped by as much as 12% during the week to Friday June 4 after miners hiked offers amid rising freight costs, a stronger South African rand and strength downstream.Fastmarkets' manganese ore 44% Mn, cif Tianjin jumped by 58 cents (12.30%) to $5.29 per dry metric tonne (dmtu) on Friday, from $4.71 per dmtu a week prior.Fastmarkets' manganese ore index 37% Mn, cif Tian...Read More
Here are five Fastmarkets stories you might have missed on Monday June 7 that are worth another look.ArcelorMittal is seeking approval from European authorities for its acquisition of steelmaking assets in France that belong to Liberty Steel, the European Commission (EC) said on June 7.Fresh deals for the supply of aluminium ingot...Read More
After concluding five-year sunset reviews, the United States International Trade Commission (ITC) has voted to extend anti-dumping (AD) duties on imports of cut-to-length carbon steel plate from China, Russia and Ukraine."Revoking the existing anti-dumping duty orders... would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time," the ITC wro...Read More
Hot-rolled coil prices in the United States set a record for the second time this month, while the coil market continues to be supported by lean supply and sustained demand.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $82.69 per hundredweight ($1,653.80 per ton) on Monday June 7, up 0.40% from $82.36 per cwt on Friday and up 2.78% from $80.45 per cwt on May 28. The...Read More