Here are five Fastmarkets stories you might have missed on Wednesday August 5 that are worth another look....Read More
The Turkish steel mills have continued their purchases of deep-sea ferrous scrap at steady prices, while suppliers in Europe were still struggling with the strength of the euro, sources said on Wednesday August 5.A steel mill in the Marmara region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (75:25), 10,000 tonnes of shredded and 10,000 tonnes of a mixture of bonus and HMS 1 at an...Read More
Credit is now the new money - A game that can't last"Moneyness of Credit," works as long as the Fed can turn fear to greedNoland sees credit dystopia vs Duncan's credit utopia (next week's show)Doug Noland's Blog: http://creditbubblebulletin.blogspot.com Read More
Activity in the seaborne iron ore market fell flat on Wednesday August 5, with sources saying that trading eased off because of a lack of clear market information, which left prices stable.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $118.10 per tonne, up by $0.22 per tonne62% Fe low-alumina fines, cfr Qingdao: $118.34 per tonne, up by $0.04 per tonne58% Fe fines high-grade premium, cfr...Read More
Iranian steel billet producers managed to achieve higher prices in the most recent round of sales, supported by the bullish mood in the global market and strong domestic demand.Fastmarkets' weekly price assessment for steel billet, export, fob ports Iran, was $392-395 per tonne on Wednesday August 5, against $388-392 per tonne a week earlier.Market participants reported sales from mills to traders...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
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