An overview of the consumer electronics markets and their latest price moves.Janie Davies, Cristina Belda...Read More
Latin American steel group Ternium expects prices to remain steady in North America, despite the increase in capacity coming into the market.New projects coming onstream are expected to add around 5-6 million tonnes of flat steel capacity in the region, according to the company's estimates. But such an increase is not expected to bring prices down. "I don't see this as a driver of huge oversupply,...Read More
Steelmakers in China are preparing to join the country's national carbon trading market by measuring their emission levels to secure carbon quotas that match their output.The China Iron & Steel Association has instructed member mills to submit their production and carbon emission details to it by August 14 to study the quota for every mill. The steel sector is among the next slew of major industri...Read More
Steel scrap import prices in South Korea were likely to drop again in the next few days with buyers looking to take advantage of tepid local demand in Japan and falling prices in other key Asian import markets, sources told Fastmarkets on Wednesday August 4.South Korea likely to push Japan prices down furtherProduction curbs weigh on Chinese scrap demandOffers for bulk cargoes to Vietnam fallTaiwa...Read More
The spodumene price skyrocketed in July with tight availability posting challenges to lithium operations in China, while suppliers intended to negotiate the price more frequently in light of the price rally in the downstream chemical market.Fastmarkets' monthly assessment for spodumene 6% Li2O min, cif China rose to $880-950 per tonne on Wednesday June 30, up by $195 per tonne from $690-750 per to...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 4 that are worth another look.Novolipetsk Steel (NLMK), Russia's largest steelmaker, will increase output of hot-dipped galvanized (HDG) coil by starting up a new line at its Lipetsk site in the second half of 2022.Read More
Brazil-based steelmaker Gerdau is investing in new flat-rolled and long steel rolling capacity at its Ouro Branco integrated mill in the country's southeastern state of Minas Gerais, chief executive officer Gustavo Werneck told journalists in a conference call on Wednesday August 4.The company will increase its capacity for hot-rolled coil (HRC) by 250,000 tonnes per year, to 1.1 million tpy, and...Read More
Domestic prices for cold-rolled coil in Europe declined in the week to Wednesday August 4 due to increased availability and lower import offers, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel CRC, domestic, exw Northern Europe was ?,?1,270-1,310 per tonne on August 4, down by ?,?30-40 per tonne from ?,?1,300-1,350 per tonne ex-works a week earlier.The corresponding we...Read More
London Metal Exchange prices were under pressure for the second day in a row at the close on Wednesday August 4, in a trading session which had the lowest volumes since mid-July for many metals.Nickel's three-month price was down to $19,243 per tonne - a fall of $145, or 0.7% - from Tuesday's closing price. Its volumes, at 6,450 lots traded by 5pm, were at their lowest since July 21. The news...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR? Impressive advances in ore and alloy prices persisted in March, with most markets posting significant price gains. Strengthening demand from steelmakers along with supply shortages and depleted inventories in numerous markets, as well as freight and transportation...Read More
Century Aluminum is on track to complete the expansion at its Mount Holly smelter in Goose Creek, South Carolina, by the end of the year, allowing it to ramp up to 75% of its 229,000 tonnes annual production capacity.Second quarter 2021 ended June 30 in brief Century's adjusted earnings before income, tax, depreciation and amortization was $34.4 million, an increase of $54.1 million from the previ...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Bulk ferro-alloy prices have shown impressive gains again this month, with ferro-silicon, silicon metal and manganese alloy prices all making significant increases. Noble alloy markets also enjoyed upward momentum, with both vanadium and molybdenum prices rising sharply.Recovering demand from steelmakers globally, together w...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 4Please click...Read More
Due to a reporter error, the United States zinc and copper premiums for Tuesday August 3 were published in Fastmarkets' price book after the scheduled time of 4pm GMT.Fastmarkets' fortnightly assessment of the copper grade 1 cathode premium, ddp Midwest US and the zinc SHG min 99.995% ingot premium, ddp Midwest USwere published later than the scheduled time of 4pm GMT.For more information, or...Read More
Lower bids for Japanese steel scrap heard from key buyers, combined with the sharp drop in Chinese ferrous futures this week, have created a slide in sentiment across the major Asian steel scrap markets, sources told Fastmarkets on Tuesday August 3.Slide in Chinese futures market reduces cfr China scrap, billet pricesTokyo Steel drops scrap buy prices at Tahara works, except for Shindachi bushelin...Read More
Domestic steel rebar prices in Russia's Central Federal District declined during the week to Monday August 2 because an export duty came into force on August 1, directing more material into the local market.The Russian government has imposed an export tax on rebar for the period between August 1 and December 31, 2021. The base duty rate will be 15% but the duty will be no lower than $115 per tonne...Read More
An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday August 3 and their latest price moves.China UG2 chrome ore prices rose following the surge in downstream ferro-chrome prices in recent weeks. Turkish lumpy ore prices also increased on high freight costs from Turkey to China. Domestic spot ferro-chrome prices adjusted downward after buyer interest weak...Read More
ArcelorMittal Europe has launched new long steel products under its XCarb brand which are claimed to offer a reduced carbon footprint, with the intention of supporting the construction industry's efforts to meet environmental protection goals, the company announced on Friday July 30.ArcelorMittal Europe's Long Product division said that environmental production declarations (EPDs) were now availab...Read More
Due to a reporter error, the United States zinc and copper premiums for Tuesday August 3 were published in Fastmarkets' price book after the scheduled time of 4pm GMT.Fastmarkets' fortnightly assessment of the copper grade 1 cathode premium, ddp Midwest US and the zinc SHG min 99.995% ingot premium, ddp Midwest USwere published later than the scheduled time of 4pm GMT.For more information, or...Read More
Iron ore prices edged up on Tuesday August 3, with market participants uncertain about the nature of steel production cuts in the rest of 2021, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $184.67 per tonne, up $0.25 per tonne62% Fe low-alumina fines, cfr Qingdao: $185.47 per tonne, up $0.39 per tonne58% Fe fines high-grade premium, cfr Qingdao: $149.00 per tonn...Read More