Fastmarkets proposes to discontinue the pricing of zinc ingot premiums on a cif India basis.Currently, Fastmarkets prices the following premiums:Zinc SHG min 99.995% ingot premium, cif dp India, $/tonne Zinc SHG min 99.995% ingot premium, cif dup India, $/tonneThe expansion of production capacity by Hindustan Zinc means there is currently no spot market for imported zinc in Ind...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday January 14 that are worth another look.ArcelorMittal Kryvyi Rih, the major long steel producer in Ukraine, has called on the country's government to review its decision to impose an import tariff on rebar and wire rod steel imports from Belarus, referring to evidence of dumping.Nizi International has closed its base metals tradi...Read More
London Metal Exchange copper bulls are turning to the options market to make cautious bets that copper's price will continue its rapid rise into March 2020, Fastmarkets learned.Open interest in March options has spiked and a total of 9,635 lots of call options - equivalent to over 240,000 tonnes of copper - are currently live with strike prices between $6,400 per tonne and $6,600 per tonne.Call op...Read More
South African miners reported a fresh wave of buying interest for chrome ore, prompting higher prices. UG2 chrome ore prices rise in China.Chinese alloy prices underpinned by chrome ore strength.Charge chrome prices hold in China.European high carbon ferro-chrome prices under pressure, while low carbon ticks up.US spot market inactive, prices stable. UG2 chrome ore prices surged on Friday January...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday January 10.China The Chinese ferro-silicon spot price remained unchanged for a fourth consecutive week, while demand surged for restocking with the Chinese New Year approaching. Export prices picked up amid the strengthening of Chinese yuan, increased domestic trading activity and limited export avai...Read More
Silicon and bulk alloys producer Ferroglobe has appointed Marco Levi as its chief executive officer, replacing Pedro Larrea, who leaves the company to seek new professional challenges, according to a company statement on Monday January 13. The new chief executive will be in charge of designing a new strategy that will lead the ferro-alloys maker, which has recently moved its headquarters to Madrid...Read More
Turkish steel producers continued to hold back from the deep-sea scrap markets on the second day of the working week because of the soft rebar market and firm scrap prices, sources said on Tuesday January 14.The country's steel producers went through last week with only one deep-sea cargo bought, when a steel mill in the Marmara region booked a European cargo at an average price of $300 per tonne...Read More
Starting in July this year, and for the first time, millions of tonnes of copper and aluminium scrap will be shipped into China not as waste but as merchandise, after the country announced its timetable for the renaming of high-purity non-ferrous scrap as recyclable materials.On Monday January 13, China's State Administration for Market Regulation said that the new specifications for secondary cop...Read More
There will be no significant reduction in China's new energy vehicles (NEV) subsidies in 2020, Miao Wei, minister of China's Ministry of Industry and Information Technology (MIIT), revealed in a conference on Saturday January 11.The general principle for the policy this year is to stabilize market expectations, guarantee healthy and sustainable development, and build confidence in the NEV industry...Read More
An effort by domestic steelmakers to increase flat-rolled steel prices since late October 2019 has revived the hot-rolled index from multi-year lows, but it is unlikely to help mills to regain the high margins they achieved in 2018, market participants and industry experts told Fastmarkets.Flat-rolled steel mills in the United States have announced five price increases on sheet products in the las...Read More
Domestic prices for hot-rolled coil in Northern Europe remained largely unchanged on Tuesday January 14, but sentiment remains positive, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index domestic, ex-works Northern Europe, was at ?,?442.70 ($492.63) per tonne on Monday January 14, down by 23 cents from ?,?442.93 per tonne on January 13.The index...Read More
Fastmarkets proposes to discontinue the pricing of zinc ingot premiums on a cif India basis.Currently, Fastmarkets prices the following premiums:Zinc SHG min 99.995% ingot premium, cif dp India, $/tonne Zinc SHG min 99.995% ingot premium, cif dup India, $/tonneThe expansion of production capacity by Hindustan Zinc means there is currently no spot market for imported zinc in Ind...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday January 14 that are worth another look.ArcelorMittal Kryvyi Rih, the major long steel producer in Ukraine, has called on the country's government to review its decision to impose an import tariff on rebar and wire rod steel imports from Belarus, referring to evidence of dumping.Nizi International has closed its base metals tradi...Read More
ArcelorMittal Kryvyi Rih, the major long steel producer in Ukraine, has called on the country's government to review its decision to impose an import tariff on rebar and wire rod steel imports from Belarus, referring to evidence of dumping.On December 6, 2019, the Interagency Commission on International Trade announced the results of an anti-dumping investigation into steel imports from Belarus an...Read More
Mexico's largest integrated steelmaker, Altos Hornos de M?(C)xico (Ahmsa), has shut down its blast furnace No6 in the country's northern city of Monclova due to the current market conditions, it has said."The company decided to adjust production to variations in demand, which has been weak since last year, and to pursue greater flexibility to respond to the expected positive changes in the market,...Read More
Turkish steel producers continued to hold back from the deep-sea scrap markets on the second day of the working week because of the soft rebar market and firm scrap prices, sources said on Tuesday January 14.The country's steel producers went through last week with only one deep-sea cargo bought, when a steel mill in the Marmara region booked a European cargo at an average price of $300 per tonne...Read More
Seaborne iron ore prices strengthened further on Tuesday January 14 amid continued appreciation of the yuan against the dollar and lower shipments from Australia and Brazil. 62% Fe fines, cfr Qingdao: $97.03 per tonne, up $1.10 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $96.07 per tonne, up $1.10 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $97.53 per tonne, up $1.33 per tonne. 58% F...Read More
Domestic and import prices for steel rebar and billet in the United Arab Emirates have decreased over the past week, while demand was moderate, market sources said on Tuesday January 14.Market participants in the UAE believed that any price changes will depend on raw materials costs, and that demand was unlikely to improve significantly because stock levels were sufficient for the time being.Local...Read More
Rebar prices in eastern China rebar continued to soften on Tuesday January 14 despite a pick-up in the futures market, with demand remaining persistently weak.Eastern China (Shanghai): 3,640-3,670 yuan ($528-532) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,540-3,560 yuan per tonne, unchangedRebar futures posted strong gains during the day amid optimism generated by the scheduled...Read More
Export steel slab prices from the Commonwealth of Independent States (CIS) rose by $15-20 per tonne in the first half of January 2020 on steady customer interest as well as a surge in the flat steel segment.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS was at $420-425 per tonne on Monday January 13, up by $15-20 per tonne from $405 per tonne fob a week earlier - a...Read More