Here are five Fastmarkets stories you might have missed on Wednesday August 12 that are worth another look.ABN Amro will end its financing activities of commodity clients globally, it said on August 12.The London Metal Exchange's latest data shows a rise of 109,968 tonnes of off-warrant...Read More
Consumption of steel end-products by Turkey increased by 8.7% year-on-year in January-June 2020, while crude steel production decreased by 16.3% compared with the first six months of 2019, the Turkish Steel Producers' Association (TCUD) said on Tuesday August 11.The TCUD believed that the decline in production was a consequence of exports decreasing as a result of quota regimes in external markets...Read More
A summary of the financial results for Egypt's biggest steelmaking group, Ezz Steel, for the period from January 1 to March 31, 2020.In briefEarnings were down because "the negative effect of Covid-19 damped the positive volume trend [seen by Ezz Steel] at the beginning of the first quarter of 2020... Export quantities suffered the most," according to Paul Chekaiban, chairman and managing director...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 12 that are worth another look.ABN Amro will end its financing activities of commodity clients globally, it said on August 12.The London Metal Exchange's latest data shows a rise of 109,968 tonnes of off-warrant...Read More
Domestic ferrous scrap prices in Germany have increased month on month so far in August, supported by a recovery in international raw material prices and solid demand from German mills, sources told Fastmarkets on Wednesday August 12.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany, was ?,?225-240 ($265-282) per tonne on August...Read More
Steel producers in Turkey continued to stay away from the deep-sea scrap market and maintained their focus on the finished long steel markets, sources said on Wednesday August 12.Turkish steelmakers have booked a number of cargoes in recent weeks, with the latest transactions for HMS 1&2 (80:20) from the US and Baltic Sea done at $285 per tonne cfr.But the mills went quiet in the deep-sea markets...Read More
China's domestic rebar prices dropped on Wednesday August 12 following early hour futures losses, however, demand was stronger than in the past two days, sources said.Domestic Eastern China (Shanghai): 3,610-3,640 yuan ($519-524) per tonne, down by 30 yuan per tonneBuyers raised their procurement rates at lower prices to replenish their rebar inventories. Construction sites, for example, typically...Read More
Here are five Fastmarkets stories you might have missed on Monday August 10 that are worth another look.Production activity has come under threat at Belarus Steel Works (BMZ) with workers protesting against the result of the country's presidential election on Sunday August 9.Liberty House Group,...Read More
Steel market participants anticipate China's "dual circulation" policy will to boost steel demand for the remainder of 2020, with the more self-reliant economic model aiming to offset slowdowns caused by the Covid-19 pandemic and US-China political tensions. Chinese President Xi Jinping announced in late July that China will focus on a "dual circulation" development model, which ensures a more sel...Read More
Fastmarkets is proud to launch its first monthly Ferrous Analytics report, which will help subscribers keep track of hot metal costs and steel production spreads in China, as well as key pricing components of the steelmaking raw materials supply chain in Asia.Readers will find raw material-finished steel spreads, iron ore differentials and scrap differentials all calculated and condensed...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 12 that are worth another look.ABN Amro will end its financing activities of commodity clients globally, it said on August 12.The London Metal Exchange's latest data shows a rise of 109,968 tonnes of off-warrant...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 12.Please click...Read More
The three-month price of copper on the London Metal Exchange was higher at the close of trading on Wednesday August 12, with high turnover during the day prompting a push beyond key resistance levels, while a morning inflow of 15,225 tonnes of zinc saw selling pressure continue into the close.Copper's outright price closed at $6,432.50 per tonne on Wednesday afternoon, up from an intraday low of $...Read More
Domestic ferrous scrap prices in Germany have increased month on month so far in August, supported by a recovery in international raw material prices and solid demand from German mills, sources told Fastmarkets on Wednesday August 12.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany, was ?,?225-240 ($265-282) per tonne on August...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 12 that are worth another look.ABN Amro will end its financing activities of commodity clients globally, it said on August 12.The London Metal Exchange's latest data shows a rise of 109,968 tonnes of off-warrant...Read More
Sometimes it is better to let a situation speak for itself. Alcoa, Rio Tinto Aluminium, Novelis, Constellium, Arconic, Kaiser Aluminum, Tri-Arrows Aluminum, American Metal Chemical Corp, Hydro Extrusion North America, JW Aluminum, Real Alloy, Reynolds Consumer Products, Scepter, Silberline Manufacturing Co, Smelter Service Corp and Wagstaff. The US Aluminum Association, which represents more than...Read More
The London Metal Exchange is looking for ways to boost its options market, which has been struggling for some years to replicate the growth seen in the same sector among its peers.The exchange has launched a consultation, scheduled to end on July 29, on developing electronic options via a new trading platform while retaining its current inter-office options trading structure.Items up for discussio...Read More
The mining industry does a huge amount of good for local communities, to say nothing of its essential contribution to society through the materials it produces. Unfortunately, it all too often manages to give itself a bad name, worsening negative perceptions of the sector through accidents, spills and a failure to act as a steward of the environments in which it operates. In the past month alone,...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 12.Please click...Read More
The three-month price of copper on the London Metal Exchange was higher at the close of trading on Wednesday August 12, with high turnover during the day prompting a push beyond key resistance levels, while a morning inflow of 15,225 tonnes of zinc saw selling pressure continue into the close.Copper's outright price closed at $6,432.50 per tonne on Wednesday afternoon, up from an intraday low of $...Read More