Here are five Fastmarkets stories you might have missed on Wednesday August 5 that are worth another look....Read More
Hollow steel sections prices in Southern Europe moved up on Wednesday August 5 before the expected market slowdown for the summer, sources have told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?540-560 ($636-659) per tonne on Wednesday, unchanged week on week.Italian mills have been increasing their offer prices, even though mos...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 5 that are worth another look....Read More
The fossil-free steel initiative joint venture known as Hybrit - comprising SSAB, LKAB and Vattenfall - has completed successful trials of fossil-free fuels in the iron ore pellet process, it announced on Wednesday August 5.The companies reported that trials using fossil-free fuels at LKAB's pellet plant in Malmberget, Sweden, have shown that the first fossil-free iron ore pellets are within reach...Read More
Demand for steel in the European Union dropped by 12% year on year in the first quarter of 2020 and European steel association Eurofer does not expect a recovery until late 2020-early 2021, it said on Wednesday August 5. Steel demand in the region started on a negative trend in late 2019 this has continued into the first quarter of 2020, exacerbated by pandemic-related restrictions, the associatio...Read More
The European Commission has extended existing anti-dumping measures applied to corrosion resistant steels from China to imports of certain slightly modified corrosion resistant steel products, it said on Tuesday August 4. The EC started an investigation concerning a possible circumvention of existing anti-dumping measures, and made such imports subject to registration in November last year. The EC...Read More
Bangladeshi steelmaker SS Steel has purchased competitor producer Saleh Steel in a deal worth 247 million taka ($2.86 million), according to a filing to the Dhaka Stock Exchange. The deal, which was first made public on Tuesday August 4, sees SS Steel take 99% of the shares in Saleh Steel Industries Ltd. SS Steel has pledged to invest a further 1.34 billion taka toward the "smooth running" of the...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 5 that are worth another look....Read More
An overview of the minor metals markets and their latest price moves.Read More
The three-month nickel price on the London Metal Exchange was pushed higher at the close of trading on Wednesday August 5 by a flurry of panic-buying against the monthly options expiry deadline, while zinc notched its highest close since January. Nickel's outright price on the LME closed at $14,419 per tonne on Wednesday afternoon, its highest close of the year while trading volumes were the highe...Read More
Domestic transaction prices in Italy for heavy steel plate have moved further upward because of rising slab costs, sources told Fastmarkets on Wednesday August 5.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?450-470 ($530-553) per tonne on August 5, up by ?,?5-20 per tonne week on week from ?,?445-450 per tonne.The assessment was based on the la...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 5 that are worth another look....Read More
Three experienced mining leaders give valuable insights into decision-making and seizing opportunities during a global crisis.Faced with the Covid-19 pandemic, mining executives are being forced to take swift action and make tough decisions as prices fall, economies contract and demand in key consuming industries declines. Three leading mining industry executives told Andrea Hotter about their res...Read More
After struggling throughout 2019 amid fierce competition from abroad, Chinese ferro-silicon exporters appear to be facing an even greater challenge this year. Global steel production shrank in the first half of 2020 amid the damaging economic and social effects of the Covid-19 pandemic, in turn dampening demand for ferro-silicon alloys.China, the world's largest ferro-silicon producer, exported 16...Read More
The three-month nickel price on the London Metal Exchange was pushed higher at the close of trading on Wednesday August 5 by a flurry of panic-buying against the monthly options expiry deadline, while zinc notched its highest close since January. Nickel's outright price on the LME closed at $14,419 per tonne on Wednesday afternoon, its highest close of the year while trading volumes were the highe...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 8.Please click...Read More
Seaborne prices across the board remained relatively flat on Wednesday August 5, with few transactions while most market participants were in wait-and-see mode, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $106.01 per tonne, down $0.39 per tonne Premium hard coking coal, cfr Jingtang: $116.30 per tonne, down $0.08 per tonneHard coking coal, fob DBCT: $88.77 per tonne, down $...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday August 8.Please click...Read More
Prices for domestic cold-rolled coil in Southern Europe increased over the week to Wednesday August 5, but remained unchanged in the North of the region, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel cold-rolled coil, domestic, exw Southern Europe, was ?,?480-490 ($565-577) per tonne on August 5, up by ?,?10 per tonne week on week from ?,?470-480 per tonne on July 29...Read More
Key data from the Wednesday August 5 pricing session in Shanghai.Key drivers The front-month aluminium contract on the Shanghai Futures Exchange closed at 14,920 yuan ($2,138) per tonne on Tuesday, the highest since July 13 when the contract reached a three-and-and-half-year high of 15,185 yuan per tonne.The London Metal Exchange three-month daily official aluminium price rose to $1,748.50 per ton...Read More