Domestic prices for heavy steel plate in the EU have moved up over the week to Wednesday September 30, despite trading activity remaining slow, market sources have said.Price recovery was supported by higher slab costs and a positive trend in the market for steel coil.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?480-490 ($562-574) per tonne on...Read More
Domestic prices for hot-rolled coil in Europe inched up over the week to Wednesday September 30, driven by reduced output from domestic mills and a lack of competitive import offers, sources have told Fastmarkets.Sentiment in the market has been mixed because some participants expected prices to rise further, while others expected them to remain at their current level.Fastmarkets calculated its da...Read More
Hollow steel sections prices in Europe moved up this week, with mills pushing hard to achieve higher prices, market sources told Fastmarkets on Wednesday September 30.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?580-590 ($679-690) per tonne on Wednesday, up from ?,?570-585 per tonne one week previous.The price of HRC, the feedstock...Read More
A correction has been issued for this article.The...Read More
Steel H-beam prices in Europe remained flat this week despite more producers announcing fresh increases, sources told Fastmarkets on Wednesday September 30.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?530-570 ($620-667) per tonne on Wednesday, unchanged week on week."The market is a bit tricky - prices increase, but demand is low," a trader...Read More
Turkish steel producers extended their absence from the deep-sea scrap market amid weak finished steel demand, sources said on Wednesday September 30.Two Baltic Sea cargoes of HMS 1&2 (80:20) were sold to Turkey at $296 per tonne cfr late last week, were the first deals heard since September 9, when the price was $301 per tonne cfr. ...Read More
Fastmarkets proposes to amend the publication time of its weekly steel billet and slab export prices for Iran-origin material in order to better capture the full extent of market activity, and to bring the specifications into line with the majority of Fastmarkets' other regional steel price assessments.The current publication time for both price assessments is Wednesday, 1-2pm London time.The prop...Read More
Prices in the Iranian export market for steel billet strengthened in the week to Wednesday September 30, supported by activity on the traders' side.Offers from Iranian mills have not been numerous because some of them have already sold out their October export allocations. Some mills have not placed any tenders for three consecutive weeks.Several cargoes of Iran-origin billet scheduled for product...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 30 that are worth another look.Bangladeshi conglomerate Bashundhara Group has decided to build a large steelmaking furnace that will boost the country's demand for imports of scrap steel over the coming years, sources...Read More
The European Commission (EC) has initiated anti-dumping proceedings concerning imports of stainless steel cold-rolled flat products originating in India and Indonesia. The investigation follows a complaint lodged on Monday August 17 by the European steel association Eurofer. The complaint alleges that imports of stainless steel cold-rolled flat products from India and Indonesia are being...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday September 30.Key drivers Persistent tightness in titanium scrap supplies in Europe causes prices to climb for the third week in a row. Scrap generation has fallen in line with a downturn in heavy industry, particularly the aerospace sector, with a fall in volumes from machine shops, forge shops and fabricators. National...Read More
Hollow steel sections prices in Europe moved up this week, with mills pushing hard to achieve higher prices, market sources told Fastmarkets on Wednesday September 30.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?580-590 ($679-690) per tonne on Wednesday, up from ?,?570-585 per tonne one week previous.The price of HRC, the feedstock...Read More
The Egyptian government has eased the ban on its domestic construction industry, it said on Tuesday September 29.Contractors and real estate developers are now permitted to resume construction on buildings up to four-stories high, Fastmarkets understands.The Egyptian government initially imposed a building ban on May 25.As per the final announcement, the exemptions to the construction ban apply on...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 30 that are worth another look.Bangladeshi conglomerate Bashundhara Group has decided to build a large steelmaking furnace that will boost the country's demand for imports of scrap steel over the coming years, sources...Read More
The European Commission (EC) has initiated anti-dumping proceedings concerning imports of stainless steel cold-rolled flat products originating in India and Indonesia. The investigation follows a complaint lodged on Monday August 17 by the European steel association Eurofer. The complaint alleges that imports of stainless steel cold-rolled flat products from India and Indonesia are being...Read More
The Egyptian government has eased the ban on its domestic construction industry, it said on Tuesday September 29.Contractors and real estate developers are now permitted to resume construction on buildings up to four-stories high, Fastmarkets understands.The Egyptian government initially imposed a building ban on May 25.As per the final announcement, the exemptions to the construction ban apply on...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 30 that are worth another look.Bangladeshi conglomerate Bashundhara Group has decided to build a large steelmaking furnace that will boost the country's demand for imports of scrap steel over the coming years, sources...Read More
Zinc concentrate treatment charges (TCs) have fallen sharply in September 2020, reversing a three-month upward trend because of supply tightness from South America, amid continuing disruptions resulting from the Covid-19 pandemic, putting pressure on traders and smelters to cover short positions.Fastmarkets' most recent assessment of the zinc spot concentrate TC, cif China, was $100-120 per tonne...Read More
Hollow steel sections prices in Europe moved up this week, with mills pushing hard to achieve higher prices, market sources told Fastmarkets on Wednesday September 30.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?580-590 ($679-690) per tonne on Wednesday, up from ?,?570-585 per tonne one week previous.The price of HRC, the feedstock...Read More
The three-month copper price on the London Metal Exchange was the standout performer at the close of trading on Wednesday September 30, after a significant uptick in consumer confidence in the United States. The surge in US positivity through September prompted a steady increase in buying activity, while continued inflows of material put pressure on the LME lead price across the aft...Read More