The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices and margins for stainless steel producers have risen notably over the past few months in both Europe and the United States, but there are now signs that the rally is petering out.A clear reason for the halt to rising prices comes from the near 20% drop in nickel prices seen in late February/early March,...Read More
Pakistan rebar producer Amreli Steels has increased its annual production of reinforcing and round bars to 400,000 tonnes per year after Primetals Technologies supplied it with a new bar mill, the companies said.Amreli Steels' mill, based in Karachi, issued a final acceptance certificate in February 2021 for the bar mill from Primetals Technologies. Previously, Amreli Steels' mill had a capacity o...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in April 2021.The case list below includes only updates. For other continuing cases this year, see the updates for January, February and...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 4 that are worth another look.Duferco Travi e Profilati, the Italian long steel producer of the Duferco group, has received a loan of ?,?72 million ($86.5 million) from two banks to build a new sustainable steel plant in...Read More
Mexican steel scrap prices rose marginally in the week ended Friday April 30 amid strong demand, although some market participants believe prices are facing limited upside.Prime grade scrap prices were mostly stable amid tight supply due to a gradual recovery in Mexico's manufacturing sector, which generates scrap.There were increased reports of exports of busheling grades to the United...Read More
Supply tightness continued to drive the Midwest premium in the United States to a new record high on Tuesday May 4, while more bearish sentiment resulted in European premiums being unchanged from the previous week but still at a six-year high level.US Midwest sets new record-high levelRotterdam premiums stable at multi-year highsMJP, South Korea premiums unchanged amid holidays, thin tradingBrazil...Read More
A summary of base metals premiums from across the globe for the week to Tuesday May 4.Please click...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 4 that are worth another look.Duferco Travi e Profilati, the Italian long steel producer of the Duferco group, has received a loan of ?,?72 million ($86.5 million) from two banks to build a new sustainable steel plant in...Read More
Lead's price on the London Metal Exchange reached a fresh year-to-date high and sister metal zinc was trading at its highest since June 2018, supported by the futures complex that continues to be spurred by bullish sentiment. Lead's price reached $2,201 per tonne during afternoon trading on Tuesday May 4, the highest since October 2019 and overtaking its previous year-to-date high of $2,185 per to...Read More
Treatment charges for lead concentrates fell sharply in April after the arbitrage between Shanghai and London prices encouraged more imports into China, sources said.Fastmarkets' lead spot concentrate TC, low silver, cif China assessment was $55-65 per tonne on April 30, a 20-month low and down from an $80-100-per-tonne range in March.Lead concentrates with a low silver content are historically mo...Read More
Seaborne coking coal prices remained largely flat day on day on Tuesday May 4, despite some limited trading activity. Fastmarkets indicesPremium hard coking coal, fob DBCT: $111.03 per tonne, down $0.10 per tonnePremium hard coking coal, cfr Jingtang: $226.79 per tonne, unchangedHard coking coal, fob DBCT: $103.71 per tonne, unchangedHard coking coal, cfr Jingtang: $204.19 per tonne, unchangedIn t...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices and margins for stainless steel producers have risen notably over the past few months in both Europe and the United States, but there are now signs that the rally is petering out.A clear reason for the halt to rising prices comes from the near 20% drop in nickel prices seen in late February/early March,...Read More
Lead's price on the London Metal Exchange reached a fresh year-to-date high and sister metal zinc was trading at its highest since June 2018, supported by the futures complex that continues to be spurred by bullish sentiment. Lead's price reached $2,201 per tonne during afternoon trading on Tuesday May 4, the highest since October 2019 and overtaking its previous year-to-date high of $2,185 per to...Read More
The Turkish deep-sea scrap import market went quiet after the sharp increase in prices following China's cancellation of export tax rebates on some steel products, market participants said on Tuesday May 4.China's Ministry of Finance removed the export tax rebate on some steel products on May 1.The news boosted demand for steel and, in particular for steel billet, in Asia, and that triggered the r...Read More
Chile's copper mine production fell by 1.21% in March compared with the same month last year amid lower volumes from Escondida, the world's largest copper mine, according to data published by national copper commission Cochilco on Tuesday May 4.Copper production totaled 488,700 tonnes in March, down from 494,700 tonnes in the same month last year, Cochilco said. But output rose by 14.58% sequ...Read More
A summary of North America-based aluminium products manufacturer Arconic's first-quarter 2021 financial results, released on Tuesday May 4, 2021.In brief: Global aluminium products manufacturer Arconic reported a 4% year-on-year increase in total revenue in the first quarter of 2021. Total revenue is also up by 15% from the previous quarter, largely attributed to the rise in aluminium prices.The c...Read More
Treatment charges for lead concentrates fell sharply in April after the arbitrage between Shanghai and London prices encouraged more imports into China, sources said.Fastmarkets' lead spot concentrate TC, low silver, cif China assessment was $55-65 per tonne on April 30, a 20-month low and down from an $80-100-per-tonne range in March.Lead concentrates with a low silver content are historically mo...Read More
Prices on the London Metal Exchange continued to the upside on the first trading day of May, with aluminium and nickel marking the biggest increases on the morning of Tuesday May 4, with aluminium reaching new year-to-date highs.The metal was up by 1.5% on Tuesday morning at $2,432 per tonne after it had already reached a new 2021 peak of $2,441.50 per tonne during early trading and despite the ab...Read More
Prices for hot-rolled coil in the United States remained below $75 per hundredweight ($1,500 per short ton) for a second consecutive day while buyers probed domestic mills for hints about July volumes and pricing. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $74.70 per cwt ($1,494 per ton) on Tuesday May 4, down slightly from $74.82 per cwt on Monday May 3 but up b...Read More
Duferco Travi e Profilati, the Italian long steel producer of the Duferco group, has received a loan of ?,?72 million ($86.5 million) from two banks to build a new sustainable steel plant in Brescia, Italy, the company said on April 29.This follows Duferco's recent announcement that it was to partner with equipment provider SMS group for the new green beam mill.The new plant should go into product...Read More