Sales of passenger cars in the EU dropped by 19.34% year on year in February 2021, the European Automotive Manufacturers Association (ACEA) said on Wednesday March 17.New car sales in the EU totaled 771,486 vehicles in February 2021, down from 956,430 units sold in the corresponding month of 2020."New passenger car registrations in the European Union dropped by 19.3% while Covid containment...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 17 that are worth another look.The volume of Southeast Asian steel billet available to importers across Asia is on the rise following new capacity upgrades at key suppliers in Indonesia and Vietnam, sources told Fastmarkets.Treatment charges (TCs)...Read More
Domestic prices for steel hot-dipped galvanized coil in Europe moved up again over the week to Wednesday March 17, due to a material shortage combined with strong demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-dipped galvanized coil, domestic, exw Northern Europe, was ?,?900-930 ($1,073-1,108) per tonne on March 17, up by ?,?10-30 per tonne week on week from ?,...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 17.Please click...Read More
Italian re-rollers have achieved a price rise in the domestic market for their heavy steel plate, due to the higher cost of steel slab feedstock, sources told Fastmarkets on Wednesday March 17.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?665-680 ($793-810) per tonne on March 17, up by ?,?10-15 per tonne from ?,?650-670 per tonne a week earlier....Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 17 that are worth another look.The volume of Southeast Asian steel billet available to importers across Asia is on the rise following new capacity upgrades at key suppliers in Indonesia and Vietnam, sources told Fastmarkets.Treatment charges (TCs)...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 17.Please click...Read More
The price of aluminium on the London Metal Exchange reached a new year-to-date high during trading on Wednesday March 17 at $2,246.50 per tonne, and tin's price had gone up by more than $700 per tonne at the close.The wider markets were awaiting direction from the a meeting later in the day of the Federal Open Market Committee (FOMC) of the US Federal Reserve Bank.Tin's three-month price was $25,7...Read More
Iron ore prices were slightly weaker on Wednesday March 17 amid limited trading activity, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $166.19 per tonne, down $0.13 per tonne62% Fe low-alumina fines, cfr Qingdao: $166.27 per tonne, down $0.13 per tonne58% Fe fines high-grade premium, cfr Qingdao: $151.99 per tonne, down $0.73 per tonne65% Fe Brazil-origin fines,...Read More
Domestic prices for steel hot-rolled coil in Europe increased again over the week to Wednesday March 17, due to a shortage of material combined with solid demand, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?791.25 ($943.04) per tonne on Wednesday, down by just ?,?1.25 per tonne from ?,?792.50 per tonne on March 16...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday March 17. Key drivers Prompt supply in Europe is limited and spot demand is good, market sources said. Availability in Europe has been tight since the second half of last year because China has been importing large volumes of material amid a better demand outlook than in Europe. But weakening prices for substitute fer...Read More
Prices for 300-series stainless scrap grades in the United States have continued to fall in the wake of a collapse in the nickel cash price on the London Metal Exchange early this month.The LME's nickel cash contract has dropped by 18.07% since hitting a more than six-year high of $19,689 per tonne ($8.93 per lb) on February 22. The price stood at $16,131 per tonne ($7.32 per lb) as of the officia...Read More
Fastmarkets has renamed its China alumina assessment as ex-works (exw) China, from delivered duty paid (ddp) China, effective Wednesday March 17.This corrects a labeling error that had been in place since the launch of the alumina metallurgical grade assessment in September 2006. Current and historical data reflects alumina metallurgical...Read More
The price of aluminium on the London Metal Exchange reached a new year-to-date high during trading on Wednesday March 17 at $2,246.50 per tonne, and tin's price had gone up by more than $700 per tonne at the close.The wider markets were awaiting direction from the a meeting later in the day of the Federal Open Market Committee (FOMC) of the US Federal Reserve Bank.Tin's three-month price was $25,7...Read More
Spot interest in secondary lead material has spiked after the outright price of lead softened from two weeks ago, causing lead premiums in India and South East Asia to rise on Tuesday March 16. London Metal Exchange lead price dropped 4.7% over the past two weeks, prompting buying interest. Continuing supply shortages keep US lead premiums supported in the current range. US zinc spot m...Read More
Premiums for commodity grade copper cathodes continued to trend lower in Shanghai in the week to Tuesday March 16, with the market there failing to meet expectations of a roaring post-holiday import boom, while in the United States storms in Texas have disrupted industry and could hamper demand. Worsening Shanghai arbitrage softens China import premiums Texas storms could limit spot demand in...Read More
London Metal Exchange tin surged the most on Wednesday March 17 morning, regaining ground it lost over the week while the rest of metals reversed losses from Tuesday ahead of the US Federal Reserve's statements.LME tin's three-month price rose to $25,560 per tonne on Wednesday morning, close to levels from last Friday when it closed at $25,600 per tonne. LME tin had been on a downfall until this m...Read More
Galvalume prices in the United States rose to a record high for a third month in a row, with consumers scrambling to find supply while production continues to lag demand."The Galvalume supply chain across the entire United States is stressed," a distributor said. "Inventory levels of consumers and distributors are at low levels; the domestic mills have not been able to catch up on past-due orders...Read More
Severstal, one of the Russia's largest steel producers, expects that apparent steel use in the country will return to pre-Covid-19-pandemic levels in 2021, Maxim Semenovykh, the company's head of corporate strategy, said during Capital Markets Day last week.The company expects steel use in Russia to total 43.8 million tonnes compared with 43.6 million in 2019, before the onset of the pandemic. App...Read More
Export prices for steel billet from the Commonwealth of Independent States (CIS) continued to fall amid a lack of trading activity in the week to Wednesday March 17.Customers took wait-and-see positions, expecting further drops in the prices for raw materials and finished long steel products.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was calcula...Read More