Key data from Fastmarkets' pricing session in Europe on Wednesday November 18.Key drivers The ferro-titanium spot price in Europe increased, marking 13 weeks of persistent increases in line with scrap tightness and renewed demand from consumers in the steel sector.Suppliers reported deals done, or heard, for more than 500 tonnes of standard-grade ferro-titanium for prompt shipment, with a couple o...Read More
The South African chrome ore market dipped in the week ended Tuesday November 17 in response to the availability of ample material in China.Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, was $134 per tonne on Tuesday, down by $2 per tonne (1.5%) from $136 per tonne a week earlier."The decrease in ferro-chrome tender pricing, coupled with a wave of new offers fro...Read More
Prices for hollow steel sections in Europe remained unchanged over the past week, despite the continuing feedstock shortage, sources told Fastmarkets on Wednesday November 18.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?640-660 ($759-783) per tonne on Wednesday, flat week on week.The price of the feedstock material, hot-rolled coil, has mov...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 18 that are worth another look.China will remove its prohibition on the "processing trade" for 136 steel products from December 1, 2020, the country's Ministry of Commerce (MOC) said last week.Alba chief...Read More
Sales of passenger cars in the European Union dropped by 7.83% year on year in October 2020, following a first month of recovery this year in September, according to data released by the European Automotive Manufacturers Association (Acea).New car sales in the EU totalled 953,615 vehicles in October, down from 1.03 million units sold in the corresponding month of 2019, Acea said on Wednesday Novem...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 18 that are worth another look.China will remove its prohibition on the "processing trade" for 136 steel products from December 1, 2020, the country's Ministry of Commerce (MOC) said last week.Alba chief...Read More
China will remove its prohibition on the "processing trade" for 136 steel products from December 1, 2020, the country's Ministry of Commerce (MOC) said last week. This means steel mills and other factories in the downstream supply chain need not pay import duties on imported steel substrate materials that will later be processed into downstream products meant for re-export.The 136 steel products i...Read More
Russia-based steelmaker NLMK's US subsidiary has reached a settlement with the United States government on a lawsuit regarding Section 232 tariffs on steel imports.NLMK filed a suit in the US Court of International Trade on February 2020, challenging a decision from the Department of Commerce to deny the company's exclusion requests to the Section 232 tariff of 25% against steel imported from most...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 18 that are worth another look.China will remove its prohibition on the "processing trade" for 136 steel products from December 1, 2020, the country's Ministry of Commerce (MOC) said last week.Alba chief...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday November 18.Please click...Read More
Fastmarkets has identified a necessary clarification to the magnesium oxide specification for its UG2 chrome ore index.Fastmarkets has updated the magnesium oxide (MgO) specifications of its weekly price index for UG2 chrome ore to match the quality listed in the index's pricing notice.The MgO previously, and erroneously, was listed in the specifications at MgO max 0.15% although the correct quali...Read More
Domestic prices for hot-rolled coil in Europe increased again in the week to Wednesday November 18, due to tight supplies, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?537.92 ($638.24) per tonne on Wednesday, up by ?,?8.34 per tonne from ?,?529.58 per tonne on Tuesday.The index was also up by ?,?13.42 per tonne week on...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 18 that are worth another look.China will remove its prohibition on the "processing trade" for 136 steel products from December 1, 2020, the country's Ministry of Commerce (MOC) said last week.Alba chief...Read More
Seaborne iron ore prices were up slightly on Wednesday November 18 after authorities removed emergency pollution controls in the steelmaking hub of Tangshan, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $126.34 per tonne, up $0.90 per tonne62% Fe low-alumina fines, cfr Qingdao: $126.58 per tonne, up $0.59 per tonne58% Fe fines high-grade premium, cfr Qingdao: $1...Read More
Seaborne premium hard coking coal fob and cfr prices diverged on Wednesday November 18 due to the ongoing restriction on Australian coking coal, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $98.87 per tonne, down $1.51 per tonnePremium hard coking coal, cfr Jingtang: $156.23 per tonne, up $1.90 per tonneHard coking coal, fob DBCT: $91.78 per tonne, down $3.72 per tonneHard c...Read More
The metals were looking robust this morning, Wednesday November 18, and for the most part are managing to drive higher despite concerns about the rapid spread of Covid-19 and some mixed economic data of late.Asian Pacific equities were mixed this morning, as were major western equity indices on Tuesday......but major western equity indices are weaker this morning, suggesting some concern about the...Read More
An overview of the consumer electronics markets and their latest price moves.Fastmarkets has reworked the market reports...Read More
Prices for hollow steel sections in Europe remained unchanged over the past week, despite the continuing feedstock shortage, sources told Fastmarkets on Wednesday November 18.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?640-660 ($759-783) per tonne on Wednesday, flat week on week.The price of the feedstock material, hot-rolled coil, has mov...Read More
Shanghai nickel premiums fell in the week to Tuesday November 17 while rates on briquette in the United States again succumbed to pressure from intense competition for business in the spot market.Chinese premiums fall as arbitrage losses worsenDeclining spot offers push US briquette premium lowerEuropean buyers see ample supply; ride out LME volatilityShanghai full-plate premiums fall, their first...Read More
US tin premiums rose in the week to Tuesday November 17, buoyed by a surge in LME prices, tight supply and resurgent spot demand. US premiums climb for first time since Sept 22 Price swings convince European market participants to adopt wait-and-see stanceChina market stagnant amid big discounts, scant import activityUS offers increaseTin premiums rose in the United States on reduced supply, a par...Read More