Domestic prices for hot-rolled coil in Europe inched up further on Tuesday May 4, with steelmakers remaining in full control of pricing, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,011.00 ($1,217.84) per tonne on Tuesday, up by just ?,?3.86 per tonne from ?,?1,007.14 per tonne on April 30.The index was also up b...Read More
Domestic prices for hot-rolled coil in the EU increased over the week to Friday April 30, going above ?,?1,000 ($1,205) per tonne for the first time.At the end of last week, ArcelorMittal again increased its official offer prices for all steel coil products in Europe - by ?,?20 per tonne for HRC and by ?,?50 per tonne for downstream products. Its new offers for HRC were heard at ?,?1,020 per tonne...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
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
Prices for steel billet and rebar were stable in the United Arab Emirates during the week to Tuesday May 4 because of poor demand during the Islamic holy month of Ramadan, sources told Fastmarkets.Most buyers, however, expect prices to increase by around $30-40 per tonne after the Eid-al Fitr holiday, which marks the end of Ramadan, in the next week. Usually, working hours are reduced d...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
Here are five Fastmarkets stories you might have missed on Monday May 3 that are worth another look.Brazilian slab exporters are enjoying their strongest margins in years, despite a steep steelmaking raw material cost inflation, with record-high finished steel prices in the United States supporting...Read More
Rio Tinto has achieved Aluminium Stewardship Initiative (ASI) Performance Standard certification for its ISAL aluminium smelter in Iceland, the company said.The certification is provisional - following an independent, remote audit - with an onsite audit to be completed when possible after the easing of Covid-19 travel restrictions, the company said. Rio Tinto offers ASI-certified aluminium from ei...Read More
The latest data for the global manganese ore market for the week ended May 3, 2021.Read More
Here are five Fastmarkets stories you might have missed on Monday May 3 that are worth another look.Brazilian slab exporters are enjoying their strongest margins in years, despite a steep steelmaking raw material cost inflation, with record-high finished steel prices in the United States supporting...Read More
Here are five Fastmarkets stories you might have missed on Monday May 3 that are worth another look.Brazilian slab exporters are enjoying their strongest margins in years, despite a steep steelmaking raw material cost inflation, with record-high finished steel prices in the United States supporting...Read More
Prices for domestic and imported merchant bar quality (MBQ) steel products in the United States rose in April amid strengthening demand.Fastmarkets' monthly assessment for steel bar 2 x 2 x 1/4 -inch angle merchant products, fob mill US was $47.80 per hundredweight ($956 per short ton) on Friday April 30, up by 4.37% from $45.80 per cwt on March 26 and by 7.90% from $44.30 per cwt in Februa...Read More
Singapore's rebar import prices are getting a boost from the new ferrous tax policies announced by China, market sources said.China's Ministry of Finance said on April 28 that there will be no taxes for semi-finished steel, such as billet, causing buyers in Asia to rush to procure cargoes in anticipation of shortages in the spot market if China starts purchasing more quantities.This has cause...Read More
Here are five Fastmarkets stories you might have missed on Monday May 3 that are worth another look.Brazilian slab exporters are enjoying their strongest margins in years, despite a steep steelmaking raw material cost inflation, with record-high finished steel prices in the United States supporting...Read More
Brazilian slab exporters are enjoying their strongest margins in years, despite a steep steelmaking raw material cost inflation, with record-high finished steel prices in the United States supporting demand amid Section 232 quotas.Last month, the spread between Fastmarkets' price assessment for steel slab export, fob main port Brazil and the price for a basket of raw materials reached its widest s...Read More
Singapore's rebar import prices are getting a boost from the new ferrous tax policies announced by China, market sources said.China's Ministry of Finance said on April 28 that there will be no taxes for semi-finished steel, such as billet, causing buyers in Asia to rush to procure cargoes in anticipation of shortages in the spot market if China starts purchasing more quantities.This has cause...Read More
Brazilian flat steel producers are poised to raise domestic prices by 10-18% in May, due to rising global steel and raw materials values, along with resilient local demand, market participants told Fastmarkets this week.Companhia Sider??rgica Nacional (CSN), the country's second-biggest flat steel producer, led the way when commercial executive director, Luis Martinez announced a 16-18% incre...Read More
ArcelorMittal has again increased its official offer prices for all steel coil products in Northern Europe by ?,?20-50 ($24-60) per tonne, sources told Fastmarkets on Thursday April 29.The steelmaker had already increased its offers three times in April.With this latest increase, offer prices for hot-rolled coil reached ?,?1,020 ($1.233) per tonne ex-works, up by ?,?20 per tonne from the most rece...Read More
Domestic prices for flat-rolled steel in the United States are expected to remain high throughout the second quarter, but decrease slightly in the third and fourth quarters, although not significantly, Ternium chief executive officer M??ximo Vedoya said on Wednesday April 28.The executive said demand in the US was strong, and he doesn't expect any material improvement on the supply side this year....Read More