The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US prices for hot-rolled coil moved in line with our forecasts in August, averaging $1,910 per ton, within 1% accuracy of our forecast of $1,925 per ton. The market has achieved much-needed stability in recent weeks, with prices fluctuating in the range of $1,900-1,94...Read More
European steel companies must scale up their decarbonization technologies within the coming decade or risk exhausting their allocated emissions allowances early, according to a report released on Tuesday September 14.The report, "Steeling for Net Zero," by climate researcher Industry Tracker, found that selected European steel companies have less than 26% of their carbon budget remaining and must...Read More
Seaborne iron ore prices continued to fall on Friday October 29 after Hebei and Shandong provinces introduced steelmaking production restrictions to curb air pollution, with further emissions limits expected in the winter-heating season from November 1, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $107.28 per tonne, down $5.37 per tonne62% Fe low-alumina fines, cfr Qingdao:...Read More
Hot-rolled coil prices in eastern China increased on Friday October 29 on early gains in the futures market and a pick-up in spot buying activity.DomesticEastern China (Shanghai): 5,330-5,340 yuan ($834-836) per tonne, up by 40 yuan per tonneNorthern China (Tangshan) weekly assessment: 5,300-5,350 yuan per tonne, down by 250-270 yuan per tonne The most-traded January HRC futures contract on the Sh...Read More
An overview of the new energy materials markets and their price moves in the week to Friday October 29.Susan Zou, Yingchi Yang and...Read More
Fastmarkets has corrected its chromium price, in warehouse Rotterdam, which was incorrectly published on Friday October 29 due to an editing error.The price was also published 13 minutes later than its publication time of 3pm London time.Fastmarkets' weekly price assessment for MB-CR-0001 chromium alumino-thermic 99% min, in-whs Rotterdam, on Friday has been changed to $10,500-12,000 per tonne aft...Read More
An overview of the aerospace materials markets and the latest price moves.Jessica Long, Zihao Li and...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies and Fola...Read More
The recent decline in aluminium prices stoked bearish sentiment in the alumina market, pushing prices down 5% on Friday October 29.Fastmarkets calculated its daily alumina index, fob Australia at $452.16 per tonne on Friday, down from $476.73 per tonne on Thursday.A deal was reported on Friday for 30,000 tonnes at $450 per tonne fob Western Australia, for loading in the second half of November loa...Read More
Base metals prices on the London Metal Exchange closed lower on a week-on-week basis on Friday October 29, after Chinese state planners intervened to cool surging thermal coal prices this week.The LME three-month aluminium price closed at $2,716 per tonne on October 29, down from $2,746 per tonne at Thursday's close and was down by nearly 5.3% from last Friday's $2,868 per tonne. The price is also...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Recent weeks have brought two key developments with regard to trade policy on stainless steel products that will be to the detriment of consumers.In China, the country's stainless steelmakers no longer enjoy a 13% export rebate as of May 1, reducing greatly their incentive to export and instead leading them to focus on supply...Read More
Seaborne low-vol PCI prices in both the fob and cfr markets fell following the drop in thermal coal prices. And China's National Development & Reform Commission intervention, plus the news that stranded Australian coal was allowed to clear Chinese customs, have put market participants in a wait-and-see mode.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $608.12 per tonne, unchange...Read More
The Turkish deep-sea steel scrap import market was inactive on Friday October 29 due to the country's Republic Day holiday, which began on Thursday afternoon and runs through Friday, sources told Fastmarkets.The most recent cargo deal was recorded on Tuesday, when a steel mill in the Marmara region booked a cargo from the United States, consisting of 20,000 tonnes of HMS 1&2 (90:10)...Read More
Prices for shredded steel scrap imported into Pakistan and India increased on Friday October 29, despite concerns over rising freight costs, sources have told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan, at $563.74 per tonne on Friday, up from $557.48 per tonne on October 22.Deals were heard at $560-565 per tonne this week, u...Read More
Global ferrous scrap prices showed varying fortunes in the week ended Friday October 29, with Turkey, India and the United States all reporting stability or prices increases, while the markets in Taiwan, Vietnam and China all weakened.?EUR?Turkish scrap prices remain steady on public holiday?EUR?US export prices rise on tight domestic market?EUR?Vietnam prices affected by falling Chinese market?EU...Read More
The price of UK inter-merchant light-iron steel scrap narrowed on Friday October 29 with the domestic and export markets remaining strong, sources told Fastmarkets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant UK, was ?185-195 ($255-268) per tonne on Friday, narrowing from ?175-195 per tonne the week before."It's quite busy. There is a lot...Read More
The latest forecasts and analysis of the ferrous scrap and iron metallics market from the Fastmarkets research team are ready to be viewed.Stifled automotive output this year, driven by a supply shortage of semiconductor chips used in vehicles, has tightened prime scrap availability and widened the spreads between this grade of steelmaking raw material and obsolete scrap.While wide prime-over-obso...Read More
Steel beam prices were flat in the United States' domestic and import markets on Thursday October 28 following three rounds of mill price increases over the summer and bringing a welcome pause to upward pressure in market that has been tightly supplied.Fastmarkets' monthly assessment for steel beams 8- x 8-in, fob mill US was $68 per hundredweight ($1,360 per short ton) on Thursday October 28, unc...Read More
Zinc producers in China's southwestern province of Yunnan should be able to fully resume their operations by mid-June, sources said.Yunnan will remove its power restrictions by the end of June that have stunted local zinc output, the provincial energy bureau said.A few zinc smelters in Yunnan have already resumed production, however, sources that spoke to Fastmarkets said.Production capa...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.As we approach the end of the first half of 2021, steel markets in Europe and the United States continue to heat up. This six-month period is largely unprecedented, with both steel prices and steelmakers' margins hitting a number of new record highs throughout.The rally is likely nearing its end, however, with global steel ou...Read More