The International Rebar Producers & Exporters Association (Irepas) continues to believe that prospects for the global long steel-products market remain satisfactory for the rest of 2021.The association's September 9 report listed several positive factors, most notably the improving supply-demand balance in the major markets, planned infrastructure investments worldwide, and the growing number...Read More
Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday September 10.China The Chinese ferro-silicon market edged slightly higher while the main ferro-silicon production hubs - including Ningxia and Inner Mongolia - conducted production cuts to meet the dual control targets of energy consumption. Those output cuts have kept spot availability tight, with many pr...Read More
Chinese buyers purchased several hundred thousand tonnes of import steel billet cargoes at rising prices during the week to Friday September 10, amid support from tighter production restrictions in the country, sources told Fastmarkets.Deal prices for 3sp billet imported to China reached $705 per tonne cfr by Tuesday and continued rising through the latter part of the week.Fastmarkets' price asses...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Cristina Belda, Dalila Ouerghi...Read More
Brazilian slab export prices narrowed downward in the week ended on Friday September 10, with producers launching their first offers for November-shipment batches.Fastmarkets' weekly assessment for steel slab, export, fob main port Brazil was $870-880 per tonne on Friday, down from $870-900 per tonne the previous week.Brazilian...Read More
Brazil's pig iron export market rebounded during the week ended Friday September 10 on active sales to the United States and China, sources told Fastmarkets.Fastmarkets' assessment of pig iron, export, fob port of Vitoria/Rio, Brazil was $475-500 per tonne on Friday, widening upward from $475-485 per tonne a week earlier.A sale of pig iron was done to the US at $480 per tonne early during the week...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 10.Susan Zou, Yingchi Yang and...Read More
A bullish mood overtook the London Metal Exchange decisively on Friday September 10, with zinc, aluminium and nickel setting new year-to-date highs on a day that also saw copper volumes exceed 20,000 lots for the first time in three weeks.Aluminium's three-month price set a new 2021 peak of $2,937 per tonne, rising by 3.4% from Thursday's closing price and by 5.9% since the start of the week, when...Read More
Prices for hot-rolled coil in the United States ended the week to Friday September 10 by retreating below $97 per hundredweight, maintaining an roller-coaster pattern seen since late August.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $96.83 per hundredweight ($1,936.60 per short ton) on September 10, down by 0.29% from $97.11 per cwt on Thursday September 9, and d...Read More
Following a downtrend that began in mid-June due to soft demand, the market for pig iron imports in the United States stopped falling during the week to Friday September 10 because suppliers have sold large tonnages, mainly to China.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $530-540 per tonne on Friday, widening upward from $530-535 per tonne cfr a week before....Read More
Activities at the S??o Francisco do Sul port, in Brazil's southern Santa Catarina state, resumed after a truckers' road blockade prevented normal operations during this past week, a spokesperson for the port's operator told Fastmarkets on Friday September 10.According to a report from the country's infrastructure ministry, blockades ended entirely on Friday. Demonstrations that broke out across Br...Read More
An overview of the new energy materials markets and their price moves in the week to Friday September 10.Susan Zou, Yingchi Yang and...Read More
Fastmarkets' Ferrous Analytics report helps subscribers...Read More
Turkish flat steel re-roller and coated steel producer Bor??elik has received a loan of ?,?10 million ($11.82 million) from the ING Turkey Bank, a company source told Fastmarkets on Friday September 10.The loan will be used in the reduction of carbon emissions, by cutting the energy consumption of the plant, and was scheduled to be paid back in two years' time.The move came...Read More
An overview of the consumer electronics markets and their latest price moves.Read More
Coated steel coil producers gave further discounts to their buyers in Turkey during the week to Friday September 10, amid declining hot-rolled coil prices and weak demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel hot-rolled coil, domestic, exw Turkey was $920-950 per tonne on Friday, down $30-40 from $950-990 per tonne previously.Domestic pricesFastmarkets assessed s...Read More
Turkey returned to the deep-sea steel scrap market with renewed vigor in the week to Friday September 10 although regional mills kept their prices stable at lower levels while those in Asia went up on healthy demand over the period.Turkey scrap prices stable after raft of deep-sea bookingsUnited States scrap export prices still in decline Vietnamese import interest renewed amid higher Chinese...Read More
Turkey returned to the deep-sea steel scrap market with renewed vigor in the week to Friday September 10 although regional mills kept their prices stable at lower levels while those in Asia went up on healthy demand over the period.Turkey scrap prices stable after raft of deep-sea bookingsUnited States scrap export prices still in decline Vietnamese import interest renewed amid higher Chinese...Read More
Seaborne iron ore prices edged down on Friday September 10, in expectation of weakening demand due to the potential for further steel production cuts until the end of 2021, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $129.71 per tonne, down $0.55 per tonne62% Fe low-alumina fines, cfr Qingdao: $130.25 per tonne, down $0.67 per tonne58% Fe fines high-grade premiu...Read More
Smelter-grade aluminium scrap prices in the United States rose week on week in the wake of an upswing in futures prices on the London Metal Exchange and reports of increased export activity.This pushed Fastmarkets' assessment for aluminum scrap mixed low copper clips, buying price, delivered Midwest secondary smelters up by 2 cents per lb to a range of 74-77 cents per lb on Thursday September...Read More