Here are five Fastmarkets that you might have missed on Wednesday September 16 that are worth another look.JSW Steel Italia, part of Indian steelmaker JSW Steel, plans to resume liquid steel production at the former Aferpi mill in Italy by 2025 via construction an electric-arc furnace (EAF) with financial support from the Italian government,...Read More
Iranian steel billet producers have managed to sign fresh contracts at higher prices despite the slowdown of buying activity in the country's major export sales outlets of Southeast Asia and China.The fall in demand from Asian customers can be explained by the decline in the Chinese stock market and weakening iron ore prices, sources told Fastmarkets on Wednesday September 16.On Wednesday, the mos...Read More
Buyers in the Philippines, Malaysia and Thailand have been in the market for imports of steel billet at higher prices over the week despite China's continued absence, sources told Fastmarkets on Wednesday September 19.Chinese billet buying behavior has often informed decisions at mills in Southeast Asia this year but China's reticence to make further bookings has been met with a handful of transac...Read More
China will be able to absorb the large volumes of ore and ferro-alloys supply it imported in the first half of this year, but supply concerns loom, Fastmarkets head of research Alistair Ramsay said during a recent Fastmarkets webinar on Covid-19 and what it means for trade flow and demand for key ferro-alloys and ores."It is been an extraordinary period with record levels of ores and ferro-alloys...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday September 16.Key drivers Tighter titanium scrap supply in the past few weeks has finally pushed up prices after being unchanged for 10 consecutive weeks, with buyers reporting deals down around the new range. Scrap prices may increase in the near term while tight availability - due to a drop in scrap generation following a slump in...Read More
Here are five Fastmarkets that you might have missed on Wednesday September 16 that are worth another look.JSW Steel Italia, part of Indian steelmaker JSW Steel, plans to resume liquid steel production at the former Aferpi mill in Italy by 2025 via construction an electric-arc furnace (EAF) with financial support from the Italian government,...Read More
Here are five Fastmarkets that you might have missed on Wednesday September 16 that are worth another look.JSW Steel Italia, part of Indian steelmaker JSW Steel, plans to resume liquid steel production at the former Aferpi mill in Italy by 2025 via construction an electric-arc furnace (EAF) with financial support from the Italian government,...Read More
Brazilian miner Vale plans to invest in nickel and copper capacity expansions and mineral resource replenishment in the coming years, the company disclosed in a presentation to analysts and investors on Wednesday September 16.At its nickel operations in Canada, the mining company expects to start a project in 2021 to bring 45,000-55,000 tonnes per year (tpy) of new capacity online in an...Read More
Iranian steel billet producers have managed to sign fresh contracts at higher prices despite the slowdown of buying activity in the country's major export sales outlets of Southeast Asia and China.The fall in demand from Asian customers can be explained by the decline in the Chinese stock market and weakening iron ore prices, sources told Fastmarkets on Wednesday September 16.On Wednesday, the mos...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Here are five Fastmarkets that you might have missed on Wednesday September 16 that are worth another look.JSW Steel Italia, part of Indian steelmaker JSW Steel, plans to resume liquid steel production at the former Aferpi mill in Italy by 2025 via construction an electric-arc furnace (EAF) with financial support from the Italian government,...Read More
China will be able to absorb the large volumes of ore and ferro-alloys supply it imported in the first half of this year, but supply concerns loom, Fastmarkets head of research Alistair Ramsay said during a recent Fastmarkets webinar on Covid-19 and what it means for trade flow and demand for key ferro-alloys and ores."It is been an extraordinary period with record levels of ores and ferro-alloys...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 16.Please click...Read More
Three-month base metals prices on the London Metal Exchange were mixed at the close of trading on Wednesday September 16, with lower than expected US retail data doing little to slow the upward momentum in LME zinc futures.Despite the US Federal Reserve's continued efforts to bolster the US economy, projections for a continued low-interest rate strategy failed to stop a slip below $1,900 per tonne...Read More
Iron ore prices slumped further on Wednesday September 16, on weaker-than-expected demand for steel, raising concerns that the market could start to move into bearish territory as it did in 2019.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $124.20 per tonne, down $4.32 per tonne62% Fe low-alumina fines, cfr Qingdao: $124.40 per tonne, down $4.50 per tonne58% Fe fines high-grad...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Prices for hot-rolled coil have performed in line with our expectations over the past month, with US domestic HRC prices finding a floor in July in line with the forecast, before improving in August. US HRC prices averaged $473 per short ton in August, compared with our forecast price of $470 per ton.Our prediction that an i...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 16.Please click...Read More
European heavy steel plate prices were fairly stable in the week to Wednesday September 16, with steelmakers insisting on higher offers due to high costs for raw materials and semi-finished products, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?480-500 ($570-593) per tonne on September 16, compared with ?,?485-500...Read More
The surprise removal of the Section 232 tariff on US aluminium imports from Canada caught aluminium traders in North America and Europe off guard, injecting enormous uncertainty into the market and into aluminium premium outlooks.Muted impact?Most US traders were hesitant to offer predictions about the action's impact on the market.Some traders anticipated little impact to the US Midwest alum...Read More
Three-month base metals prices on the London Metal Exchange were mixed at the close of trading on Wednesday September 16, with lower than expected US retail data doing little to slow the upward momentum in LME zinc futures.Despite the US Federal Reserve's continued efforts to bolster the US economy, projections for a continued low-interest rate strategy failed to stop a slip below $1,900 per tonne...Read More