The price of Galvalume in the United States fell for the second month in a row in November - this time sharply - with competitively priced imports being felt in the market."Due to the massive volume of imported Galvalume and the low pricing for that material, we were successful the last two months in having our domestic prices come down fairly significantly," one distributor said. Galvalume "trave...Read More
Hot-rolled coil prices in the United States continued to decline on Wednesday November 17, falling below $91 per hundredweight ($1,820 per short ton) for the first time since late July.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $90.67 per cwt ($1,813.40 per ton) on Wednesday, a decrease of 0.87% from $91.47 per cwt on Tuesday November 16 and down by 1.80% from $9...Read More
European domestic prices for heavy steel plate moved upward slightly in the week to Wednesday November 17, supported by healthy demand, sources have told Fastmarkets.Some Italian re-rollers said that prices would continue to increase due to an expected steel slab price rise. Buyers, however, questioned the validity of such claims.At the beginning of November, domestic plate prices had already jump...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
Price movements for seaborne iron ore were largely rangebound on Wednesday November 17 except for the mid- and high-grade iron ore fines segments, which tracked the stronger transacted prices on a trading platform, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $91.08 per tonne, up $1.04 per tonne62% Fe low-alumina fines, cfr Qingdao: $91.30 per tonne, up $0.30 per...Read More
Silicon prices rose to a global record high in the July-September quarter of 2021 but Ferroglobe, the Western world's biggest silicon producer, lost money over the three-month period.A $90.8 million debt repayment offset the higher prices imposed for all of Ferroglobe's products, contributing to a $97.6 million loss in the third quarter, according to a company results statement released on Wednesd...Read More
A summary of London Metal Exchange warrant premiums for the week to Wednesday November 17.Please click...Read More
Price movements for seaborne iron ore were largely rangebound on Wednesday November 17 except for the mid- and high-grade iron ore fines segments, which tracked the stronger transacted prices on a trading platform, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $91.08 per tonne, up $1.04 per tonne62% Fe low-alumina fines, cfr Qingdao: $91.30 per tonne, up $0.30 per...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
Spot prices for hot-rolled coil in China inched lower on Wednesday November 17 after a small rally in the futures market failed to provide sufficient upward momentum to the spot market.DomesticEastern China (Shanghai): 4,680-4,740 yuan ($734-743) per tonne, down by 10-40 yuan per tonneThe most-traded HRC contract the Shanghai Futures Exchange rose on Wednesday, snapping three consecutive trading d...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
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
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
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Alex Cook in...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
Steel rebar prices have been broadly stable in Southern Europe over the past week despite a slowdown in market activity.But producers continue to mull another price increase before Christmas, source told Fastmarkets on Wednesday November 17.Fastmarkets' assessment of the price of steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?770-790 ($874-897) per tonne on Wednesday, wi...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
Traders selling Iran-origin steel billet were looking for new opportunities with the markets continuing to weaken in Asia, including China, which until earlier this year was the major outlet for Iranian semi-finished steel.Egypt removed its 10% safeguard duty on billet earlier this week and has begun to offer good opportunities for companies trading Iranian semis.Around 50,000 tonnes of billet wer...Read More
The spot ferro-chrome market in China continued to weaken on Tuesday November 16 amid suppliers' efforts to destock, with prices now back to a level last seen in mid-July.Fastmarkets' weekly assessment of ferro-chrome spot 6-8% C, basis 50% Cr, ddp China was 9,600-10,200 yuan ($1,503-1,597) per tonne on Tuesday, down by 400-700 yuan per tonne from 10,300-10,600 yuan per tonne a week earlier. The l...Read More