A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 26. Please click...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi...Read More
The UK government has announced ?166 million funding to drive forward development of green technology and development as part of its Green Industrial Revolution, with UK steelmakers set to receive cash.The funding package will benefit energy-intensive businesses such as steelmaking and manufacturing and falls under the UK Prime Minister's 10 Point Plan for a green revolution, which includes remov...Read More
Zinc and lead premiums were mostly stable across the globe on Tuesday May 25, despite tight supply in various regions with activity gaining steam, and a milder loss of the import arbitrage in China.Zinc premium holds in northern Europe; market tightness boosts levels in ItalyUnited States Midwest premiums stable amid conflicting near-term viewsPremiums steady in Shanghai despite lower arbitrage lo...Read More
Bill Gates has a theory about green premiums: He wants to eliminate them entirely. The American business magnate and philanthropist calls green premiums the additional cost of choosing a clean technology over one that emits a greater amount of greenhouse gases.In other words, the price that metals and mining companies are starting to charge their customers for producing low-carbon produc...Read More
Robust demand continued to support the high- and low-carbon ferro-chrome markets in Europe in the week ended Tuesday May 25.Fastmarkets' price assessment for ferro-chrome, high carbon, 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe, narrowed upward by 3 cents (+1.1%) to $1.23-1.50 per lb Cr on Tuesday, from $1.20-1.50 per lb Cr a week earlier.The market was supported by strength in the s...Read More
Turkish steel producers resumed their deep-sea scrap bookings when buying a US-origin cargo at a lower price than in other recent deals, market participants told Fastmarkets on Wednesday May 26.A Turkish steelmaker booked the US cargo, consisting of 44,000 tonnes of HMS 1&2 (95:5) at $515 per tonne cfr.The most recent deep-sea transactions were done at the end of last week.A steel mill in the Iske...Read More
China's hot-rolled coil prices slid further on Wednesday May 26 in both domestic and export markets amid lower market activity.DomesticEastern China (Shanghai): 5,170-5,220 yuan ($809-816) per tonne, down by 220-260 yuan per tonneHRC stockists were active in selling material from their warehouses to get capital flow for month-end payment and to avoid losing more money on further possible price dro...Read More
Turkish steel producers resumed their deep-sea scrap bookings when buying a US-origin cargo at a lower price than in other recent deals, market participants told Fastmarkets on Wednesday May 26.A Turkish steelmaker booked the US cargo, consisting of 44,000 tonnes of HMS 1&2 (95:5) at $515 per tonne cfr.The most recent deep-sea transactions were done at the end of last week.A steel mill in the Iske...Read More
Prices for steel hollow sections in Europe increased again on Wednesday May 26, with mills continuing to cite higher feedstock costs for raised prices, sources told Fastmarkets. Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?1,250-1,320 ($1,530-1,616) per tonne on May 26, up from ?,?1,220-1,250 per tonne on May 19. Fastmarkets' weekly pri...Read More
Export prices for Iran-origin steel billet and slab have slipped in recent sales because demand was only modest in the main outlet markets in Asia and the Gulf Co-operation Council (GCC) countries.Most customers preferred to take a wait-and-see stance, Fastmarkets heard on Wednesday May 26.BilletOne of the country's major billet exporters, Khouzestan Steel, was said to have sold 30,000 tonnes of b...Read More
China's domestic rebar prices dropped on Wednesday May 26 as a result of heavy rain in some eastern regions of the country negatively affecting demand.DomesticEastern China (Shanghai): 4,820-4,840 yuan ($754-757) per tonne, down by 80 yuan per tonneHeavy rain in the eastern Chinese provinces of Zhejiang, Fujian and Jiangxi led to reduced consumption of rebar at construction sites and disrupted tra...Read More
The Brazilian branch of Luxembourg-based steelmaker ArcelorMittal has scheduled the restart of primary steel production at its Barra Mansa site for the second half of 2021, the company said on Wednesday May 26.With 19 million Reais ($3.6 million) in investments for a revamp, ArcelorMittal will resume activities with one of the two electric arc furnaces in the plant. The company first cut output at...Read More
Market participants expect long-term support for aluminium scrap prices in Europe following growing demand for low-carbon aluminium. According to the European Union's taxonomy for sustainable activities, which serves as a guide to direct investment for sustainable projects, there are fewer criteria to be met for the manufacturing of secondary aluminium to be considered a sustainable project. "All...Read More
The UK government has announced ?166 million funding to drive forward development of green technology and development as part of its Green Industrial Revolution, with UK steelmakers set to receive cash.The funding package will benefit energy-intensive businesses such as steelmaking and manufacturing and falls under the UK Prime Minister's 10 Point Plan for a green revolution, which includes remov...Read More
Bill Gates has a theory about green premiums: He wants to eliminate them entirely. The American business magnate and philanthropist calls green premiums the additional cost of choosing a clean technology over one that emits a greater amount of greenhouse gases.In other words, the price that metals and mining companies are starting to charge their customers for producing low-carbon produc...Read More
Bill Gates has a theory about green premiums: He wants to eliminate them entirely. The American business magnate and philanthropist calls green premiums the additional cost of choosing a clean technology over one that emits a greater amount of greenhouse gases.In other words, the price that metals and mining companies are starting to charge their customers for producing low-carbon produc...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday May 26. Key driversEuropean ferro-titanium suppliers dropped their offer prices and concluded deals at lower numbers, both on a spot and longer-term basis.Most domestic third-quarter delivery settlements to steelmakers have yet to be negotiated, with the full return of consumers for their...Read More
Base metals prices on the LME and SHFE were mixed - albeit with a slight upward bias - this morning, Wednesday May 26. But the rebounds seem half-hearted, with some erring on the side of caution judging by the lower treasury yields and stronger gold price. While the United States Federal Reserve generally seems to be remaining dovish, the vice chair, Richard Clarida, spoke of a "soft landing"........Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed during the morning of Thursday May 27, as were broader markets – are these pauses, or early signs of a stall?* More US Federal Open Market Committee (FOMC) members seem to be getting off the fence about talking about tapering* Chinese yuan continues to strengthen, is China using the yuan to reduce inflati...Read More