While US hot-rolled coil prices have remained below $23 per hundredweight ($460 per short ton), sources expressed hopes that higher ferrous scrap prices in May - as well as the potential restart of automotive production next month - could provide some relief in the market.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $22.69 per cwt ($453.80 per ton) on Wednesday Apr...Read More

Domestic prices for hot-rolled coil in Europe have dropped in the week to Wednesday April 29 due to low demand, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?426.25 ($461.99) per tonne on Wednesday, down by ?,?13.75 per tonne day on day from ?,?440.00 per tonne.Wednesday's index was calculated based on deals and workable prices...Read More

Domestic prices for heavy steel plate in Europe have been largely stable over the past week, but downward pressure has been mounting due to poor demand, sources told Fastmarkets on Wednesday April 29.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Northern Europe, was unchanged at ?,?490-500 ($531-542) per tonne on April 29. The assessment was based on offers heard...Read More

United States-based car manufacturer Ford will restart production at various sites in Europe in a phased approach from May 4, the company said on Tuesday April 28.Vehicle and engine production will restart at continental European sites following the implementation of health and safety precautions agreed with trade unions, which will include personal body-temperature checks and the use of facemasks...Read More

Prices for hollow steel sections in Europe moved downward this week, with demand not yet showing any sign of rebounding, sources told Fastmarkets on Wednesday April 29.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?580-595 ($629-645) per tonne on Wednesday, down from ?,?585-600 per tonne one week before.Demand in Northern and Southern...Read More

The price for steel H-beams in Europe remained flat on Wednesday April 29, with demand remaining at low levels because of the lockdown measures related to the Covid-19 pandemic, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was unchanged at ?,?535-570 ($580-618) per tonne on Wednesday."Beams and sections have the lowest act...Read More

Fastmarkets will publish its Poland rebar price assessment a day early this week, on Thursday April 30, because of the Labor Day holiday on Friday May 1. In accordance with the Fastmarkets holiday pricing schedule, weekly and monthly EMEA, CIS and Turkey ferrous prices will not be published during UK public holidays and holidays that take place in the country where the price in question is based....Read More

Brazil-based miner Vale has confirmed the official schedule for a resumption of production at its Samarco iron ore pellet joint venture in December 2020, while its wholly owned Timbopeba mine was expected to reopen on May 4, chief financial officer Luciano Siani said in a conference call on Wednesday April 29.Despite the Covid-19 pandemic, work at the Samarco site was not significantly affected, h...Read More

Stainless steel scrap prices in the United States dropped this week due to weakening demand amid the Covid-19 pandemic and the beginning of the seasonal summer slowdown."We are starting to see a slowdown as we head into the summer months, so we have backed off pricing," one major processor said.Most market respondents agreed that demand has fallen off, causing a loosening of the tight supply chain...Read More

Turkish steel mills continued to stay away from the deep-sea scrap market on Wednesday April 29, holding out for lower prices, sources told Fastmarkets.After about 10 days of silence, on April 27 one Turkish steel mill booked a Baltic Sea cargo at $242 per tonne cfr for 26,000 tonnes of HMS 1&2 (80:20) and $252 per tonne cfr for 6,00 tonnes of bonus scrap, sending the daily scrap in...Read More

Export prices for Japan-origin plate and structural (P&S) grades of ferrous scrap rose by ?500 ($5) per tonne week on week on Wednesday April 29, with tighter supplies over recent weeks keeping the values up, sources have told Fastmarkets.Japanese scrap collection has decreased over recent months, and was now affecting both prime and obsolete grades of material.Plant closures among car manufactur...Read More

The seaborne iron ore market was mostly unchanged on Wednesday April 29, with Pilbara Blend fines closing around $80 per tonne, and with active Chinese portside trading before the country's Labor Day holiday on May 1.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $82.50 per tonne, up by $0.30 per tonne.62% Fe low-alumina fines, cfr Qingdao: $85.15 per tonne, up by $0.55 per tonne.58% Fe fi...Read More

Trading activity in the seaborne coking coal market was robust on Wednesday April 29, with materials spilling into China amid poor ex-China demand, sources said. Fastmarkets indicesPremium hard coking coal, fob DBCT: $107.30 per tonne, down $8.23 per tonne Premium hard coking coal, cfr Jingtang: $118.50 per tonne, down $1.68 per tonneHard coking coal, fob DBCT: $95.01 per tonne, down $7 per tonneH...Read More

China's domestic hot-rolled coil prices were largely stable on Wednesday April 29 on futures gains, while trading houses have been importing from India amid lower offers.DomesticEastern China (Shanghai): 3,270-3,280 yuan ($462-463) per tonne, narrowing upward by 10 yuan per tonneNorthern China (Tangshan): 3,240 yuan per tonne, unchangedPrices nationwide were largely stable on Wednesday, with selle...Read More

London Metal Exchange three-month prices traded sideways for the second consecutive day on Wednesday April 29, with LME futures finding their footing at relatively low levels amid month-end book squaring and Asian countries preparing to come out of the market for a series of public holidays starting tomorrow."This morning Asian equities markets are quiet and winding down before public holidays in...Read More

Metals prices generally seem to be consolidating this morning, Wednesday April 29, and for the most part look well placed to extend gains, but whether underlying confidence is strong enough in these uncertain times remains to be seen. Asian-Pacific and pre-market major western equity indices are all positive, as are oil prices that are up around 3%.Market participants likely to focus on US gross d...Read More

Luis J. Gomez and Zac Amico are joined by Greg Stone and Tommy Pope and discuss Tommy's gay plant setup, Luis playing the piano, playing Grand Theft Auto, Super Mario Brothers the movie, high school rings, stories of crapping their pants, Greg's nightmare date story, another installment of "What're You Snackin' On", how to make mashed potatoes better, meatloaf recipes, Luis's free couch and so muc...Read More

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Vice President Leni Robredo on Tuesday, April 28, presents updates on her offices's efforts in helping frontliners stay protected from the novel coronavirusRead More