Prices for steel plate in the United States were flat after producers continued to experience slow bookings in the new year.Attaining the full extent of announced price hikes has posed a challenge for mills after some buyers stocked up in the early stages of an upswing that started in December 2019. A post-New Year's bounce has been elusive so far, with distributors reporting that material has bee...Read More
Domestic prices for hot-rolled coil in Northern Europe have jumped, with support coming from good order books at mills, solid demand and a lack of competitive import offers, sources told Fastmarkets on Tuesday January 21.Fastmarkets' daily steel HRC index domestic, ex-works Northern Europe, rose by ?,?13.93 per tonne day on day to ?,?463.41 ($513.95) per tonne on Tuesday, from ?,?449.48 per tonne....Read More
Recent mill price hikes have continued to drive up high-carbon wire rod prices in the United States, while rising ferrous scrap costs have boosted cold-heading quality (CHQ) wire rod prices.Fastmarkets' assessment for steel wire rod (high carbon), fob mill US, rose to $35 per hundredweight on Friday December 20, up 2.9% from $34 per cwt one month earlier.Over the same pricing period, Fastmarkets'...Read More
Domestic and import prices for steel rebar and billet in the United Arab Emirates increased over the past week, with most buyers' orderbooks filled until late February, market sources said on Tuesday January 21.Steel rebar and billet prices increased in line with the price hike initiated by local UAE rebar producers, who announced higher prices in December 2019 because of strong demand a...Read More
Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year. The decision is in line with the International Organization of Securities Commissions (IOSCO) principles for PRAs, which sets out global standards for orderly and fa...Read More
The Minas Gerais state prosecutors' office, MPMG, has charged miner Vale, consulting company T?oeV S?oeD and 16 people - including former Vale chief executive Fabio Schvartsman - for homicide and environmental crimes, according to a document made public on Tuesday January 21.The charges are related to the disaster in Brumadinho on January 25, 2019, when the rupture of a tailings dam in Vale's C??r...Read More
Turkish steel producers have continued to hold back from the deep-sea scrap markets, expecting prices to go even lower, sources said on Tuesday January 21.Prices in the deep-sea scrap markets fell by around $15 per tonne late last week, after a steel mill in the Izmir region booked a US cargo of 35,000 tonnes of HMS 1&2 (95:5) at $295 per tonne cfr late on January 15.This would have put the HMS 1&...Read More
Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year. The decision is in line with the International Organization of Securities Commissions (IOSCO) principles for PRAs, which sets out global standards for orderly and fa...Read More
Domestic and import prices for steel rebar and billet in the United Arab Emirates increased over the past week, with most buyers' orderbooks filled until late February, market sources said on Tuesday January 21.Steel rebar and billet prices increased in line with the price hike initiated by local UAE rebar producers, who announced higher prices in December 2019 because of strong demand a...Read More
Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year. The decision is in line with the International Organization of Securities Commissions (IOSCO) principles for PRAs, which sets out global standards for orderly and fa...Read More
China's domestic rebar prices were flat amid weak demand on Tuesday January 21, though production costs provided some support to the market. Eastern China (Shanghai): 3,640-3,670 yuan ($528-533) per tonne, unchangedNorthern China (Beijing): 3,540-3,560 yuan per tonne, unchangedThe net profit of integrated mills - which are major rebar producers - has been hovering around 50 yuan per tonne in the p...Read More
Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year. The decision is in line with the International Organization of Securities Commissions (IOSCO) principles for PRAs, which sets out global standards for orderly and fa...Read More
Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year. The decision is in line with the International Organization of Securities Commissions (IOSCO) principles for PRAs, which sets out global standards for orderly and fa...Read More
The Minas Gerais state prosecutors' office, MPMG, has charged miner Vale, consulting company T?oeV S?oeD and 16 people - including former Vale chief executive Fabio Schvartsman - for homicide and environmental crimes, according to a document made public on Tuesday January 21.The charges are related to the disaster in Brumadinho on January 25, 2019, when the rupture of a tailings dam in Vale's C??r...Read More
Beginning in 2020, Fastmarkets will review its pricing methodologies and price specifications across all its Price Reporting Agency (PRA) divisions - Metals & Mining and Forest Products - on an annual basis rather than twice per year. The decision is in line with the International Organization of Securities Commissions (IOSCO) principles for PRAs, which sets out global standards for orderly and fa...Read More
China's steel refining and rerolling industry's capacity utilization rate was 80.2% in the fourth quarter of 2019, above the national industrial average of 77.5%, according to figures from the country's National Bureau of Statistics (NBS) released on Friday January 17.The country's industrial capacity utilization rate of 77.5% was 1.5 percentage points higher than the corresponding period a year e...Read More
The Minas Gerais state prosecutors' office, MPMG, has charged miner Vale, consulting company T?oeV S?oeD and 16 people - including former Vale chief executive Fabio Schvartsman - for homicide and environmental crimes, according to a document made public on Tuesday January 21.The charges are related to the disaster in Brumadinho on January 25, 2019, when the rupture of a tailings dam in Vale's C??r...Read More
Hot-rolled coil prices in the United States might have peaked on high output and market predictions that ferrous scrap prices might weaken in February, some sources warned.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $29.69 per hundredweight ($593.80 per short ton) on Tuesday January 21, down by 0.8% from $29.94 per cwt on Friday January 17 and down by 2.7% from $3...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 21.Please click...Read More
Prices for steel plate in the United States were flat after producers continued to experience slow bookings in the new year.Attaining the full extent of announced price hikes has posed a challenge for mills after some buyers stocked up in the early stages of an upswing that started in December 2019. A post-New Year's bounce has been elusive so far, with distributors reporting that material has bee...Read More