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Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
While the metal markets have hardly been bullish, United States President Donald Trump undermined confidence across broad markets when he re-imposed tariffs on steel and aluminium imports from Argentina and Brazil and threatened France with tariffs too.This has raised concerns that a US-China trade deal may be delayed, especially following Trump’s signing legislation supporting protesters in...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade. Index futures responded to news that trade negotiations between China and the U.S. are progressing. Index futures moved lower following release of the November ADP Employment report released at 8:15 AM EST. Consensus was an increase to 138,000 from 125,000 in October. Actual was 67,000.C...Read More
Prices in the major global markets for steel billet continued to increase in the week ended Friday November 29 amid more gains in the price of scrap because of seasonal factors.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $266.08 per tonne on November 29, against $257.41 per tonne on November 25."Holiday periods in Europe and the US, and wi...Read More
Turkish long steel producer Ko?? Metalurji will resume production at its steel and rolling mills at reduced outputs at the beginning of the December, a company spokesperson told to Fastmarkets on Friday November 29.Ko?? Metalurji had stopped production at all its steelmaking operations on October 1 as a result of weak long steel and billet market conditions .Demand and prices for rebar export...Read More
The recent grant of approval from the Indian Supreme Court for ArcelorMittal's acquisition of Essar Steel brings an end to years of legal wrangles, giving the global steelmaker access to a much sought-after market, and allowing the Indian steel sector to take a further step toward health. ArcelorMittal has been keen for some time to break into the domestic Indian steel market because it is one of...Read More
Algerian Qatari Steel (AQS) started its own steel production last week, the company told Fastmarkets at the sidelines of the Arab Iron & Steel Union (AISU) annual summit in Tunisia on Wednesday November 27. The company used to import steel billet, but a source at the company told Fastmarkets: "We have stopped importing semis some time ago, continuing with re-rolling billet from stocks imported ear...Read More
Prices in the major global markets for steel billet continued to increase in the week ended Friday November 29 amid more gains in the price of scrap because of seasonal factors.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $266.08 per tonne on November 29, against $257.41 per tonne on November 25."Holiday periods in Europe and the US, and wi...Read More
If you are a producer or consumer, or are active in the physical markets, then you had better be aware of a new set of regulations that will make it all the more important for you to choose the right logistics partner from next year.The International Maritime Organization (IMO) has ruled that from January 1, 2020, the marine sector will have to reduce sulfur emissions by more than 80% by switching...Read More
Most major aluminium producers agree that tackling the carbon intensity of the smelting process is one of the biggest challenges facing their industry. What they cannot agree on is how to deal with the situation, as a lively panel hosted by Fastmarkets during LME Week at the end of October showed. Aluminium smelting is an energy-intensive business and the market is starting to differentiate b...Read More
Bearish macroeconomic signals and oversupply have put minor metals and ferro-alloys prices variously under pressure over 2019; the structure and terms of contracts agreed over the coming weeks will show how market participants are accounting for those signals ahead of 2020. A slowing global economy alongside uncertainty over the China-United States trade dispute and Brexit have slowed minor metals...Read More
Copper has attempted to rebound since early September following a marked sell-off in the summer months where macro and fundamental forces have been prevalent.On the macro front, copper has benefited from a slight easing in US-China trade tensions and more monetary policy easing across the globe - including China, where copper consumption is the most exposed - that has shored up investor sentiment....Read More
The demand outlook for the metals has improved now that two of China’s manufacturing purchasing managers’ indices (PMI) showed manufacturing was in expansion mode. The state PMI moved back above 50 for the first time in seven months in November. It climbed to 50.2, and was expected to come in at 49.5. The Caixin manufacturing PMI climbed to 51.8 from 51.7 and has now...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points in pre-opening trade. Index futures responded to comments by President Trump that a U.S./China trade deal may not be finalized until after 2020.Gold responded to Trump's comments by adding $9.50 to $1,478.70 per ounceBank of Montreal (BMO $100.71) is expected to open higher after reporting higher than consen...Read More
Turkish long steel producer Ko?? Metalurji will resume production at its steel and rolling mills at reduced outputs at the beginning of the December, a company spokesperson told to Fastmarkets on Friday November 29.Ko?? Metalurji had stopped production at all its steelmaking operations on October 1 as a result of weak long steel and billet market conditions .Demand and prices for rebar export...Read More
The recent grant of approval from the Indian Supreme Court for ArcelorMittal's acquisition of Essar Steel brings an end to years of legal wrangles, giving the global steelmaker access to a much sought-after market, and allowing the Indian steel sector to take a further step toward health. ArcelorMittal has been keen for some time to break into the domestic Indian steel market because it is one of...Read More
Algerian Qatari Steel (AQS) started its own steel production last week, the company told Fastmarkets at the sidelines of the Arab Iron & Steel Union (AISU) annual summit in Tunisia on Wednesday November 27. The company used to import steel billet, but a source at the company told Fastmarkets: "We have stopped importing semis some time ago, continuing with re-rolling billet from stocks imported ear...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade. Wells Fargo slipped $0.11 to $54.35 after Raymond James downgraded the stock to Underperform from Market PerformApple gained $0.92 to $268.17 after JP Morgan raised its target price to $296 from $290.Autozone (AZO $1,177.92) is expected to open higher after Wells Fargo and Credit Suisse r...Read More
An overview of the battery raw materials markets and their latest price moves from the past week.Read More