The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US domestic prices for hot-rolled coil moved down in line with our expectations, averaging $461 per ton in July versus our forecast price of $460 per ton. Although domestic HRC prices slipped to less than $450 per ton in late July/early August, we maintain the view th...Read More
Brazilian imports of both flat and long steel products decreased year on year in July amid lower demand for imported material in the country and increased import prices.Imports of flat steel products totaled 78,953 tonnes during the month, down by 11.9% from the 89,595 tonnes a year earlier, according to figures from the Brazilian economy ministry.Imports of cold-rolled coil from China reache...Read More
Prices for steel reinforcing bar (rebar) in the United States held steady while domestic mills said overall market conditions will sustain satisfactory volumes with import purchases inhibited by overseas cost trends.Rebar traders reported some of the tightest margins in their careers, while export scrap costs discouraged Turkish rebar providers from offering more competitive prices. US market part...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US domestic prices for hot-rolled coil moved down in line with our expectations, averaging $461 per ton in July versus our forecast price of $460 per ton. Although domestic HRC prices slipped to less than $450 per ton in late July/early August, we maintain the view th...Read More
The Turkish deep-sea scrap import market remained quiet on Thursday August 13, with mills preferring to wait for some movement in the domestic and export finished long steel sectors, sources told Fastmarkets. Steel mills in the country have booked a number of cargoes in recent weeks, with the latest transactions for HMS 1&2 (80:20) from the US and Baltic Sea done at $285 per tonne cfr.There were s...Read More
Prices for mid-grades of iron ore went down on Thursday August 13 with the expectation of an easing of the cargo congestion at ports in China, sources have told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $121.38 per tonne, down by $0.13 per tonne.62% Fe low-alumina fines, cfr Qingdao: $120.55 per tonne, down by $0.45 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $...Read More
Prices for bulk cargoes of steel scrap imported to Bangladesh jumped over the last seven days following two fresh deals from the United States West Coast, sources told Fastmarkets on Thursday August 13.Market participants said that Bangladeshi mills have booked at least four bulk scrap cargoes over the last three weeks, with three different mills purchasing material.One deal was closed for 8,000 t...Read More
Marc feels, "The economy is currently in a dead-cat bounce and that peak economic levels seen in 2018-2019 will not come back for a long-time... and by a long-time... years."Time Stamp References:1:10 - Recovery and risks.2:40 - Long-term Fed Policy consequences.8:20 - Fed paving the way for more socialism.11:10 - Money printing, asset prices, and unemployment.14:50 - Contrasting China Vs. the Wes...Read More
As we attempt to peel back the layers of PR stunts and puff pieces fawning over Bill Gates, we hope to illustrate that the man being propped up on the global stage and sold to the people as their savior, is anything but. Continue...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 13 that are worth another look.The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its S??o Caetano do Sul unit, the company told Fastmarkets...Read More
The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its S??o Caetano do Sul unit, the company told Fastmarkets on Wednesday August 12.Brazil's automotive industry was gradually recovering from the restrictions imposed earlier in the year to curb the spread of the Covid-19 pandemi...Read More
The London Metal Exchange has unveiled a package of sustainability proposals including new aluminium and steel scrap contracts, a spot trading platform and LMEpassport - a new digital register for physical metals data. The spot trading platform is focusing initially on aluminium but is open to other metals. The first stage of LMEpassport is targeting electronic certificates of analysis (CoAs) for...Read More
Here are five Fastmarkets stories you might have missed on Monday August 10 that are worth another look.Production activity has come under threat at Belarus Steel Works (BMZ) with workers protesting against the result of the country's presidential election on Sunday August 9.Liberty House Group,...Read More
Steel market participants anticipate China's "dual circulation" policy will to boost steel demand for the remainder of 2020, with the more self-reliant economic model aiming to offset slowdowns caused by the Covid-19 pandemic and US-China political tensions. Chinese President Xi Jinping announced in late July that China will focus on a "dual circulation" development model, which ensures a more sel...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 13 that are worth another look.The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its S??o Caetano do Sul unit, the company told Fastmarkets...Read More
Plans for a London Metal Exchange spot trading platform have sparked intense debate within the aluminium industry. But opponents and supporters don't necessarily fall into the camps that one might expect. For starters, a decision by the LME not to change its futures contract, establish a new green aluminium contract or set thresholds to define what constitutes low-carbon metal is proving key in st...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US domestic prices for hot-rolled coil moved down in line with our expectations, averaging $461 per ton in July versus our forecast price of $460 per ton. Although domestic HRC prices slipped to less than $450 per ton in late July/early August, we maintain the view th...Read More
The lithium hydroxide monohydrate min 56.5% LiOH.H2O battery grade, spot prices cif China, Japan & Korea trade log including business, bids and offers reported to Fastmarkets. Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed the lithium hydroxide monohydrate min...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 13 that are worth another look.The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its S??o Caetano do Sul unit, the company told Fastmarkets...Read More
Plans for a London Metal Exchange spot trading platform have sparked intense debate within the aluminium industry. But opponents and supporters don't necessarily fall into the camps that one might expect. For starters, a decision by the LME not to change its futures contract, establish a new green aluminium contract or set thresholds to define what constitutes low-carbon metal is proving key in st...Read More