Domestic European prices for hot-dipped galvanized coil rose in the week to Wednesday December 23, with market sources wary of further rises into the new year on material shortages. Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe was ?,?720-760 ($879-928) per tonne on December 23, compared with ?,?730-750 per tonne a week earlier. The assessment was based on...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More
Steel reinforcing bar prices in the United States rose to a 32-month high following a second round of mill hikes and an ongoing supply shortage, but were eclipsed by higher import prices. Fastmarkets assessed the price for steel reinforcing bar (rebar), fob mill US at $35.50 per hundredweight ($710 per short ton) on Wednesday December 23, up 2.9% from $34.50 per cwt the week before and the highest...Read More
Imports of finished steel to the United States fell month on month in November due to lower bloom, billet and slab volumes, according to US Census Bureau data.The US imported 1.24 million tonnes of steel products in November, down 9.5% from 1.37 million tonnes in October, preliminary Census data showed.Imports of bloom, billet and slab dropped 27.4% to 170,272 tonnes in November from 234,434 tonne...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More
Seaborne iron prices fell further on Wednesday December 23, in response to the downtrend in futures and rising rebar inventories in northern China.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $162.03 per tonne, down $2.50 per tonne62% Fe low-alumina fines, cfr Qingdao: $162.36 per tonne, down $2.71 per tonne58% Fe fines high-grade premium, cfr Qingdao: $151.54 per tonne,...Read More
Sellers of Japanese scrap are looking to the domestic market instead of exports because of the higher margins that can be found there, market participants told Fastmarkets on Wednesday December 23.The massive increases in domestic scrap purchase prices by major Japanese mini-mill Tokyo Steel have also supported sentiment.The price-benchmark setter increased its purchase price for the 10th time in...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More
Iran's export prices for steel slab and billet rose over the week to Wednesday December 23 amid higher raw material prices and a shortage of semi-finished products globally. The Iranian export billet price is at its highest since March 2018 and the slab export price has hit its highest point since April 2018. Billet exports A total of 50,000 tonnes of Iranian billet was sold in two tenders during...Read More
World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.A total of 158.3 million tonnes of crude steel was produced in November by the 64 countries that report their statistics to the World Steel Association (Worldsteel), compared with 147.8 million tonnes in the same month in 2019.China, the world's biggest steelmaking...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday December 23.Key drivers The ferro-titanium price jumped by more than 5% in the week to Wednesday December 23, reaching a peak last seen in November 2012 when the price range was assessed at $7.90-8.25 per kg.Market activity has slowed close to the end-of-year holiday season, although deals were reported at higher...Read More
The price paid both for low-carbon and high-carbon ferro-chrome have strengthened amid persistent worries about soaring international freight costs.Despite mixed fortunes in end-user demand such as aerospace and automotive, these concerns have resulted in firmer demand for material from consumers wanting to avoid a shortage of feedstock Low carbon ferro-chrome delivered in Europe was stable at the...Read More
Both spot and futures silico-manganese prices in China have risen significantly over the past month, helped by comparatively limited availability of spot cargoes at Chinese smelters' warehouses and steady demand from steel mills, market sources told Fastmarkets.Fastmarkets' weekly price assessment of silico-manganese 65% Mn min, max 17% Si, in-whs China was 6,100-6,200 yuan ($932-947) per tonne on...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More
World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.A total of 158.3 million tonnes of crude steel was produced in November by the 64 countries that report their statistics to the World Steel Association (Worldsteel), compared with 147.8 million tonnes in the same month in 2019.China, the world's biggest steelmaking...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More
Steel reinforcing bar prices in the United States rose to a 32-month high following a second round of mill hikes and an ongoing supply shortage, but were eclipsed by higher import prices. Fastmarkets assessed the price for steel reinforcing bar (rebar), fob mill US at $35.50 per hundredweight ($710 per short ton) on Wednesday December 23, up 2.9% from $34.50 per cwt the week before and the highest...Read More
Here are five Fastmarkets stories you might have missed on Wednesday December 23 that are worth another look.World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.Chilean state copper producer Codelco has increased the...Read More
Demand for Turkish steel remains robust in export destinations despite the recent strengthening of trading regulations, speakers at Fastmarkets' Middle East Iron and Steel virtual conference Turkey panel session on Thursday December 17 said.On November 13, the European Commission (EC) made imports of hot-rolled flat steel from Turkey subject to registration upon arrival into the European Union; an...Read More
World crude steel production increased by 6.6% year on year in November, with China, Germany and Ukraine posting the largest increases.A total of 158.3 million tonnes of crude steel was produced in November by the 64 countries that report their statistics to the World Steel Association (Worldsteel), compared with 147.8 million tonnes in the same month in 2019.China, the world's biggest steelmaking...Read More