The price of domestic hot-rolled coil in Northern Europe inched further upward day-on-day on Tuesday December 8, due to scarce supply from both domestic and overseas producers, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?577.50 ($700.04) per tonne on Tuesday, up by ?,?0.83 per tonne from ?,?576.67 per tonne on December...Read More
Flat steel import prices in the United Arab Emirates (UAE) and Saudi Arabia have gone up over the past week because of globally strong demand, sources said on December 8.The UAE was on national holidays on December 1-3, so buyers had only recently returned to the market.But demand within the country was moderate because recent price increases had been too sharp for buyers to accept, and they wante...Read More
European distributors of flat steel products have reported a 3.3% year-on-year rise in shipment volumes during October 2020, regional steel industry association Eurometal said on Tuesday December 8.Over the first 10 months of 2020, however, flat steel distributors' shipments dropped by 14.0% year-on-year.Eurometal did not disclose individual product volumes.Fastmarkets calculated its daily steel h...Read More
Steel billet and rebar prices in the United Arab Emirates increased this week while demand was strong, sources said on Tuesday December 8.Domestic rebarThe country's steel producers were offering rebar at 1,985 dirhams ($540) per tonne ex-works for orders to be produced in December before closing their order books and should announce new prices soon, sources said.Market participants in the UA...Read More
The export market for long steel products from the Commonwealth of Independent States (CIS) went up again during the week to Monday December 7 amid strong billet prices and higher offers, sources told Fastmarkets.Thus, Fastmarkets' weekly price assessment for steel wire rod (mesh quality), export, fob Black Sea, CIS was $600-620 per tonne on Monday, up by $20 per tonne from $580-600 per...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 8 that are worth another look.There is no short-term fix for the container shortage that has sent freight cost to record highs, nor is there a need for regulatory authorities to put a lid on freight rates, Lars...Read More
Ferrous scrap prices in Mexico's main markets continued to rise in the week ended Friday December 4, with both regions assessed by Fastmarkets registering increases after clients accepted higher offers in order to maintain supply.Market participants reported price increases in a wide range of 50-600 pesos per tonne ($2-30 per tonne), depending on the customer.Fastmarkets assessed the steel sc...Read More
The Turkish steel producers largely slowed down their deep-sea booking activity after the latest spike in the prices, sources said on Tuesday December 8.A steel mill in the Marmara region was heard booking a Baltic Sea cargo at $370 per tonne cfr for 14,000 tonnes of HMS 1&2 (80:20).But the supplier was not a traditional one and several market participants believed that the cargo would not be repr...Read More
The price of steel billet from the Commonwealth of Independent States (CIS) exported via the Black Sea increased sharply this week on a deal heard to Peru, with offers rising amid a shortage of supply, Fastmarkets heard on Tuesday December 8.The booking to Peru was heard at $520 per tonne fob Black Sea and was understood to have been concluded on December 7 for a volume of 10,000 tonnes, although...Read More
China's domestic rebar prices rose again on Tuesday December 8, finding support from high raw material costs. DomesticEastern China (Shanghai): 4,020-4,060 yuan ($615-621) per tonne, up by 20 yuan per tonnePrices for iron ore and coke have been on an upward trajectory in the past few weeks, pushing up rebar production costs, market sources told Fastmarkets.An industry analyst said the cost to prod...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 8 that are worth another look.There is no short-term fix for the container shortage that has sent freight cost to record highs, nor is there a need for regulatory authorities to put a lid on freight rates, Lars...Read More
There is no short-term fix for the container shortage that has sent freight cost to record highs, nor is there a need for regulatory authorities to put a lid on freight rates, Lars Jensen, chief executive officer of SeaIntelligence Consulting, said in an interview with Fastmarkets. "We are now seeing the consequences of carrier cancellations several months ago that led to a shortage of empty conta...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 8 that are worth another look.There is no short-term fix for the container shortage that has sent freight cost to record highs, nor is there a need for regulatory authorities to put a lid on freight rates, Lars...Read More
There is no short-term fix for the container shortage that has sent freight cost to record highs, nor is there a need for regulatory authorities to put a lid on freight rates, Lars Jensen, chief executive officer of SeaIntelligence Consulting, said in an interview with Fastmarkets. "We are now seeing the consequences of carrier cancellations several months ago that led to a shortage of empty conta...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 8 that are worth another look.There is no short-term fix for the container shortage that has sent freight cost to record highs, nor is there a need for regulatory authorities to put a lid on freight rates, Lars...Read More
Ferrous scrap prices in Mexico's main markets continued to rise in the week ended Friday December 4, with both regions assessed by Fastmarkets registering increases after clients accepted higher offers in order to maintain supply.Market participants reported price increases in a wide range of 50-600 pesos per tonne ($2-30 per tonne), depending on the customer.Fastmarkets assessed the steel sc...Read More
A summary of base metals premiums from across the globe for the week to Tuesday December 8.Please click...Read More
The price of domestic hot-rolled coil in Northern Europe inched further upward day-on-day on Tuesday December 8, due to scarce supply from both domestic and overseas producers, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?577.50 ($700.04) per tonne on Tuesday, up by ?,?0.83 per tonne from ?,?576.67 per tonne on December...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 8 that are worth another look.There is no short-term fix for the container shortage that has sent freight cost to record highs, nor is there a need for regulatory authorities to put a lid on freight rates, Lars...Read More
Glencore chairman Tony Hayward was not understating matters when he described the company's succession transition as coming "at a time of huge change." Glencore's share price has risen 3% since its announcement on Friday December 4 that 18-year chief executive officer Ivan Glasenberg would be retiring from his role next year and coal assets head Gary Nagle would stepping up to the plate. The...Read More