The US Dollar Index was at its highest since July 27 and was weighing on London Metal Exchange base-metal prices in the afternoon of Friday August 6, with all metals ending the week below where they were on Monday.The US index touched a week-and-a-half high of 92.84 on Friday afternoon, following the release of positive employment data in the country.There were 943,000 jobs added to the US economy...Read More
Cold-rolled and galvanized steel sheet prices in the United States set fresh records this past week, and all indications point to further gains in the coming weeks.Some mills were offering sporadic spot material at levels much higher that those recorded previously, and while some buyers have been pushing back those in dire need of material were paying the premium price.Fastmarkets' weekly price as...Read More
The light iron scrap market in the United Kingdom dropped by ?5 ($7) per tonne over the week ending Friday August 6, with weaker European export markets into Turkey and the Indian subcontinent dragging down British dockside prices, which had a knock-on effect on the domestic market, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delive...Read More
The price of flat-rolled stainless steel in the European domestic market increased further this week amid continuing tight supply, Fastmarkets heard on Friday August 6.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was ?,?3,900-3,950 ($4,616-4,676) per tonne on Friday, up by ?,?50 per tonne week on week from...Read More
Brazilian automotive production dropped by 4.16% year on year in July amid a continuing shortage of auto parts, according to national automotive association Anfavea.Light vehicle output reached 163,600 units last month, compared with 170,700 units in the same period in 2020, Anfavea said on Friday August 6. Production and sales continue to be affected by a global shortage of semiconductor chips, w...Read More
A summary of operational results for Ukrainian steelmaker Metinvest for the second quarter of 2021In brief?EUR? Merchant slab production decreased by 19% quarter on quarter to 395,000 tonnes due to the redistribution of slab to flat-rolled product.?EUR? Flat product output increased by 9%...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More
German industrial group Thyssenkrupp has agreed the sale of its Infrastructure business to compatriot company FMC Beteiligungs KG, an entrepreneur-led investment firm, Thyssenkrupp said on Thursday August 5.The deal was expected to be closed later this year but will be subject to approval from merger control authorities as well as Thyssenkrupp's own supervisory board. The financial details of the...Read More
The tight Chinese domestic tin market may loosen after China's Yunnan Tin, the world's largest tin producer, resumed production in early August after its annual maintenance, sources said.Although a tin shortage remains in China, sources expect tightness to alleviate in the near future.Sources estimate that Yunnan Tin's maintenance reduced tin output by approximately 1,500-2,000 tonnes, althou...Read More
The export market for pig iron from the Commonwealth of Independent States dropped during the week to Thursday August 5 on oversupply and short lead times. Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS at $550-580 per tonne on Thursday, down from $570-590 per tonne the previous week.The market level in the United States, which is the main pig...Read More
German industrial group Thyssenkrupp has agreed the sale of its Infrastructure business to compatriot company FMC Beteiligungs KG, an entrepreneur-led investment firm, Thyssenkrupp said on Thursday August 5.The deal was expected to be closed later this year but will be subject to approval from merger control authorities as well as Thyssenkrupp's own supervisory board. The financial details of the...Read More
Major steelmakers in China and Japan lowered their domestic scrap buy prices on Friday August 6 amid reduced intake volumes, sources told Fastmarkets.Large Chinese steelmakers drop domestic scrap purchase pricesJapan's Tokyo Steel reduces buy prices for most grades at most factoriesSouth Korea closes deals at lower prices for Japanese scrap.ChinaTwo major mills in Jiangsu province lowered their do...Read More
Steel scrap prices in the key global markets moved down over the week to Friday August 6 with demand for material remaining tepid.Turkish mills make fresh bookings at lower pricesUS export prices consistent in recent bookingsVietnam scrap prices down on weak demandChinese import prices fall alongside domestic pricingTaiwanese scrap prices continue downtrend on poor demandIndian scrap offers withdr...Read More
The export market for pig iron from the Commonwealth of Independent States dropped during the week to Thursday August 5 on oversupply and short lead times. Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS at $550-580 per tonne on Thursday, down from $570-590 per tonne the previous week.The market level in the United States, which is the main pig...Read More
Seaborne coking coal prices maintained their upward trend in both the cfr and fob markets on Friday August 6, with good buying interest in the latter.Prices for seaborne pulverized coal injection (PCI) material inched upward in both the cfr and fob markets in the week to August 6, amid continuous supply tightness and necessary restocking demand, market sources said.Fastmarkets indicesPremium hard...Read More
Turkish steel mills were silent on Friday August 6 after booking at least five deep-sea cargoes earlier this week, market participants told Fastmarkets.The most recent deal was recorded on Wednesday August 4, when a steel mill in the Izmir region booked a United States cargo comprising 15,000 tonnes of heavy melting scrap 1&2 (80:20) at $464 per tonne, and 14,000 tonnes of shredded and 2,000 tonne...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila...Read More
Spot prices for imported containerized ferrous scrap in Taiwan continued on a downward trend in the week to Friday August 6 amid the current buyers' market caused by poor demand, market sources told Fastmarkets.Fastmarkets' daily price assessment for containerized steel scrap, heavy melting scrap (HMS) 1&2 (80:20), United States material import, cfr main port Taiwan was $430-432 per tonne on...Read More
Spot differentials for low-carbon aluminium in Europe were stable during July, but some deals and offers for 2022 supply were reported well above current spot levels.Fastmarkets assessed the aluminium low-carbon differential value-added product (VAP), Europe at $10-15 per tonne Friday August 6, unchanged from the previous assessment on July 2.Offers for 2022 VAPs were reported between $20 and abov...Read More
The tight Chinese domestic tin market may loosen after China's Yunnan Tin, the world's largest tin producer, resumed production in early August after its annual maintenance, sources said.Although a tin shortage remains in China, sources expect tightness to alleviate in the near future.Sources estimate that Yunnan Tin's maintenance reduced tin output by approximately 1,500-2,000 tonnes, althou...Read More