Hot testing of ArcelorMittal Kryvyi Rih's new continuous casting machine (CCM No3) has been halted after a site search by the Security Service of Ukraine (SBU) on Saturday July 20.The search took place as part of an investigation into the contamination of the environment, sparked by a recent visit by Ukraine's new president Volodymyr Zelensky to his home town of Kryvyi Rih, after which he&nbs...Read More
Weaker demand from the automotive market and high mill capacity have softened cold-heading quality (CHQ) wire rod prices, while high carbon wire rod prices remained flat from the previous month. Fastmarkets AMM's monthly pricing assessment for cold-heading quality wire rod North American delivered duty paid Great Lakes region dropped to $39.50 per hundredweight ($790 per short ton) on Fr...Read More
Plate prices in the United States have continued to slide due to weak market fundamentals, but the recent stabilization of hot-rolled coil prices could support the free-falling plate market, sources said.Fastmarkets' price assessment for steel cut-to-length plate carbon grade, fob mill US, fell to $35.50 per hundredweight ($710 per short ton) on Friday July 19, down by 2.7% from $36.50 per cwt a w...Read More
The global steel slab market has been squeezed by increased competition, higher production costs and modest demand in the principal sales outlets at the start of the third quarter of 2019.Suppliers in Russia, Ukraine and Brazil were facing low sales to the United States market because of the protectionist measures in place there. As a result, these suppliers have begun to look for alternative dest...Read More
European buyers have already bought about 30% more than the yearly quota for imports from China of hot-dipped galvanized coil (HDG) grades used by the automotive industry, market sources have told Fastmarkets.The full annual quota allocated to material from China for the period from July 1, 2019, to June 30, 2020, was 527,164 tonnes. This quota was fully taken up just a couple days after the new q...Read More
The United States Department of Commerce has revised the final dumping and subsidy margins, and cash deposit rates, to be imposed on imports of rebar from Turkey.These were based on affirmative final determinations by Commerce and by the US International Trade Administration, published on July 18.Commerce determined that several companies "received countervailable subsidies during the period of re...Read More
China's hot-rolled coil prices regained some strength on Monday July 22 after local authorities in Tangshan, the steelmaking hub in northern China, reiterated production cuts for steelmakers under their jurisdiction.DomesticEastern China (Shanghai): 3,880-3,900 yuan ($564-567) per tonne, up 20 yuan per tonneNorthern China (Tianjin): 3,850-3,860 yuan per tonne, up 10 yuan per tonneSpot prices rose...Read More
Vale's production of iron ore fines dropped by 33.80% year-on-year in the second quarter of 2018, amid restrictions resulting from a tailings dam accident at Brumadinho in Brazil and poor weather conditions in the north of the country.Production totaled 64.06 million tonnes from April to June, down from 96.76 million tonnes a year before, Vale said on Monday July 22.Output also dropped by 12.10% f...Read More
Trading activity in the seaborne coking coal market was muted on Monday July 22 after an active stretch last week.A cargo of premium hard coking coal was offered at $175 per tonne fob Australia on the Global Coal trading platform during the day, down $1 per tonne from last Friday, sources said.A Chinese end-user source said that mills in the country were concerned about uncertainties associated wi...Read More
The iron ore concentrate and pellet segments remain lackluster, with prices underperforming in comparison with the general seaborne market last week.ConcentrateThe weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $122.88 per tonne last Friday July 19, up $1.03 per tonne from a week earlier.The daily Fastmarkets index for iron ore 65% Fe Brazil-origin fines, cfr Qingda...Read More
China's rebar prices increased slightly on Monday July 22 on concerns that the country's steelmaking hub in the north would tighten production curbs over the remainder of this month.Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($577-581) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,900-3,930 yuan per tonne, up 10-20 yuan per tonneA steelmaker in Tangshan was reported to have i...Read More
ERG has appointed Telf AG the exclusive offtaker for cobalt hydroxide produced at its Metalkol Roan Tailings & Reclamation (RTR) project in the Democratic Republic of Congo (DRC), Fastmarkets understands. Telf will market all saleable material produced at RTR, excluding any sent to Chambishi for refining into metal. Production at Chambishi restarted last month. RTR started production late last yea...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday July 19. China Key drivers The price of antimony MMTA standard-grade II, ddp China, was unchanged week on week after some major suppliers held prices firm despite thin spot trading activity. citing the multi-year-low prices as causing them severe losses.A few antimony producers, however, were heard to have lowered the...Read More
Key data from the July 19 pricing session in London. Key drivers: Prices show stability at the low end of the ranges; some sellers decline to offer cheaper, while slow spot activity gives limited test to others' appetite to cut their offers. Market participants eye modest recovery in metal...Read More
Ample supply amid the seasonal summer lull pushed prices down again in both China and Europe, while some market sources believe prices will find a floor to the downtrend after some silicon refiners were unwilling to sell off cargoes, tightening spot supply. ChinaKey drivers: The Chinese silicon export price declined week on week, extending a downward trend for the fourth consecutive week.Demand ha...Read More
Key data from the pricing sessions in Asia for the week ended Friday July 19.Key drivers- Bismuth prices rebounded after hitting a decade low at 40,500-41,500 yuan ($5,884-6,029) per tonne on July 12. - Some traders reckon that tight supply supported spot prices above 41,000 yuan per tonne...Read More
China is imposing anti-dumping duties on imports of stainless steel billet, slab, hot-rolled plate and coil produced in the European Union, Japan, South Korea and Indonesia, the country's Ministry of Commerce said on Monday July 22.The duties will apply for five years beginning on July 23 after a final ruling in an anti-dumping investigation found that the imports caused substantial dama...Read More
Aluminium:...ACCESS 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 latest issue as soon as it’s published...Read More
Falling dollar buoyed LME aluminium prices...ACCESS 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 latest issu...Read More
Aluminium The LME three-month aluminium price closed down...ACCESS 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 down...Read More