The price for pig iron exports from Brazil increased again during the week to Friday December 4 mainly because of a global uptrend, although trade from the country was muted over the week.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil, at $420 per tonne on Friday, up from $405 per tonne a week before.No new sales were heard from the south of Brazil during the w...Read More
The main global scrap markets continued to move higher in the week to Friday December 4, with most markets continuing regular purchases of material. Turkish steel mills continue to pay higher pricesUnited States market remains subdued post-holidayVietnam reports higher pricesTaiwan market reports optimistic sentiment and tight supplyIndian market expresses uncertainty over higher pricesTurkeyTurki...Read More
The prices of alloy steel scrap in the UK domestic market were largely unchanged this week despite lower nickel costs, because tight supply continued to provide pricing support, sources told Fastmarkets on Friday November 4.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, on Friday was ?950-980 ($1,276-1,316) per tonne, narrowing downwa...Read More
Steel slab export prices from Brazil soared in the week ended Friday December 4, rising above $600 per tonne fob when producers with low availability raised their prices and focused on high-paying markets.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was $590-600 per tonne fob on December 4, up by $60-75 per tonne from $515-540 per tonne on November 27.The asse...Read More
The publication of Fastmarkets' CIS billet export index for Friday December 4 has been delayed because of a reporter error in setting the publishing time. Rather than the scheduled time of 16.00 UK, the index will be published at 18.00 UK time.The Fastmarkets price book and database for the steel billet index, export, fob Black Sea, CIS, will both be updated at that time.For more information, or t...Read More
German steelmaker Thyssenkrupp is conducting a joint feasibility study with energy company STEAG to develop a hydrogen hub to be used in green steel production at its Duisburg site, the company said on Thursday December 3.The study will focus on construction of a water electrolysis plant at the STEAG site in Duisburg-Walsum by Thyssenkrupp Uhde Chlorine Engineers, the structuring of energy supply...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...Read More
Trafigura is setting its sights on hydrogen as the new fuel source of the future and has earmarked $62 million for transport-centered hydrogen technology investments.It will pump $20 million into hydrogen firm H2 Energy to develop the production, storage and distribution of green hydrogen for refueling stations and industrial customers.The remaining $42 million will be used to fund the development...Read More
ArcelorMittal is to increase its official spot offer price for second-quarter rolling hot-rolled coil across Europe to ?,?650 ($788.56) per tonne ex-works effective immediately, sources told Fastmarkets on Friday December 4.They added that the traditional gap between offers in Northern and Southern Europe has now disappeared altogether.Offers of hot-dipped galvanized coil also moved up to ?,?...Read More
An acute shortage of containers and new rule changes by container lines have combined over the past week to again raise containerized shipping costs for commodity market participants.Trading sources told Fastmarkets that container lines have not only continued to raise freight rates but have also introduced additional measures that will serve to make life increasingly difficult for companies invol...Read More
German steelmaker Thyssenkrupp is conducting a joint feasibility study with energy company STEAG to develop a hydrogen hub to be used in green steel production at its Duisburg site, the company said on Thursday December 3.The study will focus on construction of a water electrolysis plant at the STEAG site in Duisburg-Walsum by Thyssenkrupp Uhde Chlorine Engineers, the structuring of energy supply...Read More
Steel slab export prices from Brazil soared in the week ended Friday December 4, rising above $600 per tonne fob when producers with low availability raised their prices and focused on high-paying markets.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was $590-600 per tonne fob on December 4, up by $60-75 per tonne from $515-540 per tonne on November 27.The asse...Read More
The uptrend in flat-rolled steel import prices in South America persisted during the week ended Friday December 4, with offers from China, Japan and Brazil all at higher levels than previously for February-shipment cargoes.But at the same time, market participants were still seeing much lower bids, citing the rising costs of steel products as a major problem this year."[This uptrend is] creating b...Read More
The price of domestic hot-rolled coil in Northern Europe increased further day-on-day on Friday December 4, supported by a general shortage of flat steel, sources told Fastmarkets.European mills also increased official offers.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?575.00 ($697.58) per tonne on Friday December 4, up by ?,?5.00 per ton...Read More
The price for pig iron exports from Brazil increased again during the week to Friday December 4 mainly because of a global uptrend, although trade from the country was muted over the week.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil, at $420 per tonne on Friday, up from $405 per tonne a week before.No new sales were heard from the south of Brazil during the w...Read More
Gary Nagle will become the new chief executive officer of Glencore when Ivan Glasenberg retires during the first half of 2021, the company said on Friday December 4. Nagle is currently global head of Glencore's coal industrial business based out of Sydney Australia, and will return to Switzerland to begin a transition to the new role.After 18 years as Glencore CEO, Glasenberg will step down f...Read More
Nearly two months after Chinese steel mills were verbally notified to halt imports of Australian coal, market participants and industry analysts tell Fastmarkets about the consequences of the ban and their predictions for its future. Utilities companies and steel mills in China were verbally notified during the Golden Week holiday (October 1-8) to stop importing Australian coal with immediate...Read More
China's Baowu Steel Group Corp, the world's largest steelmaker, will continue with its merger strategy over the next few years, which cound result in a increase in its steelmaking capacity to 200 million tonnes per year, the China Iron & Steel Association (Cisa) reported recently.The steelmaker's capacity exceeded 100 million tpy in September when it merged with Chongqing Iron & Steel Co, making i...Read More
Iron ore prices surged further on Friday December 4, supported by active long positions in futures markets and steady drawdowns in port inventory, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $145.01 per tonne, up $7.93 per tonne 62% Fe low-alumina fines, cfr Qingdao: $144.36 per tonne, up $7.38 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $132.83 pe...Read More
Seaborne coking coal prices fluctuated across the board in the fob market on Friday December 4 due to the latest changes in supply, while the cfr market was flat.Fastmarkets indicesPremium hard coking coal, fob DBCT: $102.62 per tonne, down $0.46 per tonnePremium hard coking coal, cfr Jingtang: $168.78 per tonne, unchangedHard coking coal, fob DBCT: $92.97 per tonne, up $2.17 per tonneHard coking...Read More