The price of steel hollow sections in Europe moved down on Wednesday November 17 due to ongoing weak demand, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic, delivered Northern Europe was ?,?1,130- 1,170 ($1,283-1,329)per tonne on Wednesday, compared with ?,?1,150-1,250 per tonne one week previously.Hollow section prices have remained weak due to lower f...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 17 that are worth another look.Regional cooperation, public planning and funding capacity for new technologies will be key for the Latin American steel industry to deliver reduced greenhouse gas (GHG) emissions in the long term, top executives and experts...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More
Regional cooperation, public planning and funding capacity for new technologies will be key for the Latin American steel industry to deliver reduced greenhouse gas (GHG) emissions in the long term, top executives and experts said in an event on Wednesday November 17.Steel companies have accepted the need to change their production models, but several challenges are in the way of reducing the indus...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday November 17.Key drivers European ferro-titanium spot prices were unchanged for the fifth week in a row after a tender for annual delivery in 2022 from Korean steel major Posco was settled in the current spot price range, according to sources. There were no reported spot trades over the week to Wednesday November 17. Ferro-titanium s...Read More
Prices in the United States for domestic and imported low-carbon, high-carbon and cold-heading quality wire rod reached new highs in November, toppling records set last month.Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US was at $63-67 per hundredweight ($1,260-1,340 per short ton) on Tuesday November 16, up by 6.56% from $59.50-62.50 per cwt o...Read More
Finished steel inventories at member mills of the China Iron & Steel Association (Cisa) rose by 661,900 tonnes (5.15%) in the first 10 days of November compared with the preceding 11 days, according to data published by the association on Monday November 15. November 1-10 outputCrude steel: 1.80 million tonnes per day, up 3.70%Finished steel: 1.75 million tpd, down 3.05%...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 17 that are worth another look.Regional cooperation, public planning and funding capacity for new technologies will be key for the Latin American steel industry to deliver reduced greenhouse gas (GHG) emissions in the long term, top executives and experts...Read More
Domestic prices for hot-rolled coil were fairly stable in Northern Europe and Italy on Wednesday November 17; buyers and sellers both remained in "wait-and-see" mode, sources told Fastmarkets.Spot buyers preferred to hold back from booking any significant volumes for next year before the steelmakers settled their long-term contracts with end consumers. Some sources said that negotiations are likel...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday November 17.Key drivers European ferro-titanium spot prices were unchanged for the fifth week in a row after a tender for annual delivery in 2022 from Korean steel major Posco was settled in the current spot price range, according to sources. There were no reported spot trades over the week to Wednesday November 17. Ferro-titanium s...Read More
Chinese metals production and processing group Daye Nonferrous will postpone the start of operations at its new double-flash copper smelter for six months because of a lack of essential buiding components that have been sourced from overseas, Fastmarkets has learnt.The 400,000 tonnes per year project in Huangshi, close to Wuhan, was scheduled to come online by the end of this year, but commissioni...Read More
Tight supply and steep backwardation on London Metals Exchange continued to support European premiums while China premiums retreated slightly amid increased arbitrage loss, and US premiums were stable in the week to November 16, Fastmarkets learned.European premiums strong while long term contact negotiations for 2022 ongoingChina premiums slid amid increased arbitrage lossUS premiums unchanged wi...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Alex Cook in...Read More
Base metals futures on the London Metal Exchange were largely lower at the 5pm close on Wednesday November 17, succumbing to a strong US dollar index and other headwinds.The US dollar index remained at its highest since July 2020, touching 96.27 during early trading before stepping back to 95.83 at the close."It seems that the upside momentum has stalled in several markets over the last 24 ho...Read More
Base metals futures on the London Metal Exchange were largely lower at the 5pm close on Wednesday November 17, succumbing to a strong US dollar index and other headwinds.The US dollar index remained at its highest since July 2020, touching 96.27 during early trading before stepping back to 95.83 at the close."It seems that the upside momentum has stalled in several markets over the last 24 ho...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 17 that are worth another look.Regional cooperation, public planning and funding capacity for new technologies will be key for the Latin American steel industry to deliver reduced greenhouse gas (GHG) emissions in the long term, top executives and experts...Read More
Exports of finished steel from the Association of Southeast Asian Nations (Asean) rose by 20.4% year-on-year in January-June 2021 amid rising demand in both Asia and Europe, according to the latest statistics from the South East Asia Iron & Steel Institute (Seaisi).Both long and flat steel exports flourished in the first half of the year, against a backdrop of rising prices and improved demand in...Read More
Rio Tinto is to add capacity at its AP60 aluminium smelter in Quebec, increasing output by 45% in the first major investment in Canada's smelting production hub in a decade, the company said.The mining company plans to spend $87 million to increase its low-carbon aluminium production at the smelter by adding 16 new smelting cells, boosting annual production by 26,500 tonnes to 86,500 tonnes.The ne...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 17 that are worth another look.Regional cooperation, public planning and funding capacity for new technologies will be key for the Latin American steel industry to deliver reduced greenhouse gas (GHG) emissions in the long term, top executives and experts...Read More