Domestic hot-rolled sheet steel prices in Russia's Central Federal District around Moscow have remained largely stable over the past seven days despite bullish moves by some producers, while the cold-rolled sheet price inched upward on tight availability, sources told Fastmarkets on Monday November 2.Hot-rolled sheetBuyers were cautious about further price rises in the hot-rolled sheet sector beca...Read More
Prices for domestic and imported merchant bar quality (MBQ) steel in the United States remained flat in the face of steadily rising demand from the construction industry in the West and the South as well as service centers rebuilding their inventories.Fastmarkets' monthly assessment for steel bar 2 x 2 x 1/4 -inch angle merchant products, fob mill US held steady at $35.30 per hundredweight ($706...Read More
CIS exporters of steel rebar and wire rod have turned bullish following the recent uptick in long steel prices globally, and have increased their offer prices to foreign customers, Fastmarkets heard on Monday November 2.Russia-origin rebar was available at $460-463 per tonne fob late last week, sources told Fastmarkets.Ukraine-origin material was offered to customers in various destinations, such...Read More
Domestic steel rebar prices in Russia's Central Federal District around Moscow were mostly stable over the past seven days to Monday November 2 despite producers pushing for higher prices for November deliveries, sources told Fastmarkets. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia remained at 40,000-41,000 roubles ($503-516) per tonne...Read More
Turkish steel producers remained largely quiet in the deep-sea scrap market on Monday November 2, awaiting clarity over the price direction after a national holiday halted trade in the middle of last week.After the public holiday on Wednesday and Thursday October 28-29, a powerful earthquake struck the Izmir region on Friday October 30, resulting in at least 91 deaths and injur...Read More
Seaborne iron ore prices were up slightly on Monday November 2 amid strong demand for steel products, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $118.06 per tonne, up $0.57 per tonne62% Fe low-alumina fines, cfr Qingdao: $118.65 per tonne, up $0.99 per tonne58% Fe fines high-grade premium, cfr Qingdao: $109.74 per tonne, up $0.27 per tonne65% Fe Brazil-origin...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in October 2020.The case list below includes only updates. For other continuing cases this year, see the updates for September, August, July, June, May, April, March, February and January this yea...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in October 2020.The case list below includes only updates. For other continuing cases this year, see the updates for September, August, July, June, May, April, March, February and January this yea...Read More
Global silico-manganese output rose by 3.3% month on month in September, supported by rising production in Asia and Oceania, Europe, Africa and the Middle East, the latest data from the International Manganese Institute (IMnI) shows. Following a month-on-month rise of 0.6% in August, world supply of silico-manganese grew to around 1.50 million tonnes in September, marking a drop of 8.7% year on ye...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in October 2020.The case list below includes only updates. For other continuing cases this year, see the updates for September, August, July, June, May, April, March, February and January this yea...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in October 2020.The case list below includes only updates. For other continuing cases this year, see the updates for September, August, July, June, May, April, March, February and January this yea...Read More
Here are five Fastmarkets stories you might have missed on Monday November 2 that are worth another look.Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on November...Read More
Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on Monday November 2.This production figure placed Turkey as the seventh biggest steel producer in the world this year, exceeding Germany, which held the position in 2019.Turkey pro...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in October 2020.The case list below includes only updates. For other continuing cases this year, see the updates for September, August, July, June, May, April, March, February and January this yea...Read More
Here are five Fastmarkets stories you might have missed on Monday November 2 that are worth another look.Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on November...Read More
The three-month aluminium price on the London Metal Exchange was subject to strong afternoon buying before the close of trading on Monday November 2.The upward momentum was broadly incongruous with a strong US dollar index ahead of the country's presidential election this week, while zinc followed higher in a mixed close for LME base metals.Aluminium's outright price closed at $1,866 per tonne on...Read More
Turkish steel producers remained largely quiet in the deep-sea scrap market on Monday November 2, awaiting clarity over the price direction after a national holiday halted trade in the middle of last week.After the public holiday on Wednesday and Thursday October 28-29, a powerful earthquake struck the Izmir region on Friday October 30, resulting in at least 91 deaths and injur...Read More
China's copper industry is bracing itself for another ban on raw materials imports after escalating trade tensions with Australia led to reports of the potential cessation of trade in the red metal between the two nations.A report in the daily South China Morning Post newspaper cited multiple unnamed sources who claimed that a ban on imports of Australian copper ores and concentrate...Read More
Here are five Fastmarkets stories you might have missed on Monday November 2 that are worth another look.Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on November...Read More