Domestic prices for hot-rolled coil in Northern Europe have moved down day on day due to slow market activity, sources told Fastmarkets on Wednesday April 15.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?463.33 ($507.56) per tonne on April 15, down by ?,?1.67 per tonne from ?,?465.00 per tonne on April 14.Wednesday's index was calculated based on deals, offe...Read More
China's domestic hot-rolled coil prices fell on Wednesday April 15 with sentiment dampened by losses in the futures market, while exporters awaited opportunities to sell to overseas buyers after suppliers in other regions raised their offers.DomesticEastern China (Shanghai): 3,320-3,330 yuan ($471-472) per tonne, down 10-20 yuan per tonneNorthern China (Tangshan): 3,220 yuan per tonne, narrowing d...Read More
Prices for steel rebar in Europe remained broadly stable over the past week, while trading in most markets remained slow, sources told Fastmarkets on Wednesday April 15.Last week, Italy extended its lockdown until May 3, leaving steel off the list of the "essential" industries allowed to continue operations.Nonetheless, some Italian steelmakers were still operating, having restarted...Read More
The price of mesh-quality steel wire rod in Europe was unchanged this week amid a quiet market, with buying being limited by the effects of the Covid-19 pandemic, sources told Fastmarkets on Wednesday April 15.This week in Northern Europe, trading was reported to be slow, with demand from end-users diminished by the quarantine measures that have been imposed.Fastmarkets' weekly price assessment fo...Read More
Prices for hollow steel sections in Europe were unchanged this week because trading activity failed to revive after the Easter weekend break, sources told Fastmarkets on Wednesday April 15.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?590-610 ($646-668) per tonne on Wednesday, unchanged week on week.Last week, it was reported that mil...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 15 that are worth another look.No market has been left untouched by the escalating coronavirus pandemic, but iron ore prices have proved relatively buoyant for the past two months compared with the price plunges we have seen in other commodities.Industry association European Aluminium has launched a strategic plan to maximi...Read More
The Turkish deep-sea scrap import market has gone quiet again after the recent upturn, with material supply being limited, while buyers were struggling with weak demand for finished steel, sources said on Wednesday April 15.The daily scrap indices went up by more than $15 per tonne on Tuesday, after deals for United States- and Baltic Sea-origin cargoes were heard at $255-257 per tonne cfr for HMS...Read More
Seaborne iron ore prices were largely steady on Wednesday April 15 amid robust port prices and expectations of improving margins for Chinese mills, and despite persistent supply jitters.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $86.86 per tonne, down by $0.16 per tonne.62% Fe low-alumina fines, cfr Qingdao: $88.48 per tonne, down by $0.26 per tonne.58% Fe fines high-grade premium, cfr...Read More
Prices in the export market for steel slab from the Commonwealth of Independent States (CIS) have softened in mid-April, with demand limited in the major sales outlets by the effects of the Covid-19 pandemic, resulting in lower bids.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $305-320 per tonne on Tuesday April 14, widening downward by $10 per tonne.Offers...Read More
China's domestic rebar market was mixed on Wednesday April 15 amid fluctuating futures, with prices in the eastern region falling while those in the north picked up. Eastern China (Shanghai): 3,430-3,460 yuan ($486-490) per tonne, down by 40 yuan per tonneNorthern China (Beijing): 3,430-3,460 yuan per tonne, up by 20 yuan per tonne Spot prices in eastern China dropped after rebar futures fell...Read More
The Asian ferrous supply chain is emerging from a slowdown caused by the Covid-19 pandemic ahead of the rest of the world, with demand recovering quicker here than in other regions.Key markets for flat and semi-finished steel as well as ferrous scrap in Asia are seeing prices being supported.This is in line with projections made by the International Monetary Fund about how emerging and developing...Read More
Prices for hollow steel sections in Europe were unchanged this week because trading activity failed to revive after the Easter weekend break, sources told Fastmarkets on Wednesday April 15.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?590-610 ($646-668) per tonne on Wednesday, unchanged week on week.Last week, it was reported that mil...Read More
The Liberty Steel Group, part of the GFG Alliance, has formed a new board of directors with new chief executives appointed in the UK and United States to complete the consolidation of its global businesses, the company announced on Wednesday April 15. The appointment of the new global leadership team completes the final part of the consolidation, which began in October 2019, when the GFG Alliance...Read More
No market has been left untouched by the escalating coronavirus pandemic, but iron ore prices have proved relatively buoyant for the past two months compared with the price plunges we have seen in other commodities.While copper and aluminium prices fell to four-year lows, the iron ore benchmark only dipped to a three-month low. The iron ore benchmark first dipped to nearly $80 per tonne in the beg...Read More
The Asian ferrous supply chain is emerging from a slowdown caused by the Covid-19 pandemic ahead of the rest of the world, with demand recovering quicker here than in other regions.Key markets for flat and semi-finished steel as well as ferrous scrap in Asia are seeing prices being supported.This is in line with projections made by the International Monetary Fund about how emerging and developing...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 15 that are worth another look.No market has been left untouched by the escalating coronavirus pandemic, but iron ore prices have proved relatively buoyant for the past two months compared with the price plunges we have seen in other commodities.Industry association European Aluminium has launched a strategic plan to maximi...Read More
Domestic prices for heavy steel plate in Europe have been stable in a slow market, sources told Fastmarkets on Wednesday April 15.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Northern Europe, was unchanged over the week at ?,?500-510 ($548-559) per tonne on Wednesday. The assessment was based on a few transactions and offers heard in the market.The corresponding weekl...Read More
Domestic prices for hot-rolled coil in Northern Europe have moved down day on day due to slow market activity, sources told Fastmarkets on Wednesday April 15.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?463.33 ($507.56) per tonne on April 15, down by ?,?1.67 per tonne from ?,?465.00 per tonne on April 14.Wednesday's index was calculated based on deals, offe...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price assessments, please follow the links below: China - APT 88.5% WO3 min, fob main ports China, $/mtu WO3 Europe - APT 88.5% WO3 min Europe, cif Rot...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 15 that are worth another look.No market has been left untouched by the escalating coronavirus pandemic, but iron ore prices have proved relatively buoyant for the past two months compared with the price plunges we have seen in other commodities.Industry association European Aluminium has launched a strategic plan to maximi...Read More