ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on Tuesday September 1. The decision to bring the capacities back is connected to the relining of a BF at ArcelorMittal Gent in Belgium, the company said. ArcelorMittal Fos-sur-Mer The company will resume operations at BF No1 at Fos-sur-Mer plant in t...Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 1 that are worth another look.ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on September 1.Zinc concentrate treatment charges...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Prices across most ferro-alloy markets trended stable to lower in August as demand remained subdued in major markets, apart from China where steel output continues to rise at a rapid pace, supporting demand for ferro-alloys. As alloy makers seek to remedy supply/demand imbalan...Read More
Aluminium premiums in Europe and Asia rose on Tuesday September 1 due to improving fundamentals and a consistently wide contango on the London Metal Exchange, while the premium in the United States fell ahead of a national holiday next week. Stronger demand and a wide contango help to boost premiums in EuropeHigher fourth-quarter premiums and domestic demand support increases i...Read More
Brazilian iron ore exports totaled 31.33 million tonnes in August, down by 7.4% from 33.82 million tonnes a year earlier, the country's ministry of economy said on Tuesday September 1.Part of the decrease was explained by August having 21 working days in 2020 versus 22 working days in the same month last year. Daily average exports were 1.49 million tonnes, down by 2.96% from 1.54 million tonnes i...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 1 that are worth another look.ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on September 1.Zinc concentrate treatment charges...Read More
Market participants believe iron ore concentrate premiums - rather than those for high-grade fines - will improve closer to the onset of winter when Chinese steelmakers start to adapt to strict anti-pollution measures imposed by authorities.Sintering restrictions usually cause demand for iron ore fines to fall compared to cleaner ore types. This is due to the higher levels of particulate pollution...Read More
Three-month base metals prices on the London Metal Exchange were broadly trending upward during the afternoon session on Tuesday September 1, rallying on better data for the China purchasing managers' index (PMI) and a weak US dollar.The base-metals complex continued its recent macro-following trend on Tuesday, rising on hopes of greater Chinese demand with the region's manufacturing figures going...Read More
Seaborne premium hard coking coal prices moved in different directions on Tuesday September 1, reflecting more activity in the fob market compared with the cfr market. Fastmarkets indicesPremium hard coking coal, fob DBCT: $106.07 per tonne, up $0.48 per tonne Premium hard coking coal, cfr Jingtang: $114.49 per tonne, down $0.34 per tonneHard coking coal, fob DBCT: $85.76 per tonne,...Read More
Three-month base metals prices on the London Metal Exchange were collectively higher during morning trading on Tuesday September 1, with both nickel and zinc prices leading the way with 2.5% increases on high turnover, while positive manufacturing data out of Europe this morning bolstered buying momentum further. Nickel's outright price on the LME was recently at $15,715 per tonne, climbing 2.58%...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Prices across most ferro-alloy markets trended stable to lower in August as demand remained subdued in major markets, apart from China where steel output continues to rise at a rapid pace, supporting demand for ferro-alloys. As alloy makers seek to remedy supply/demand imbalan...Read More
Ferrous scrap prices in Mexico were mostly unchanged in the week ended Friday August 28 amid steady demand, particularly in the country's central region.No major price changes were announced, with some market participants still adjusting to price increases in earlier weeks.Fastmarkets' assessment of steel scrap No1 busheling, consumer buying price, delivered mill Bajio was at 5,950 pesos per...Read More
Domestic prices for steel hot-rolled coil across Europe increased further over the week to Friday August 28, supported by high import prices, reduced production from domestic mills and seasonal demand recovery.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?450.45 ($537.09) per tonne on Friday August 28, up by ?,?16.70 per tonne week on week and...Read More
Three-month base metals prices on the London Metal Exchange were broadly trending upward during the afternoon session on Tuesday September 1, rallying on better data for the China purchasing managers' index (PMI) and a weak US dollar.The base-metals complex continued its recent macro-following trend on Tuesday, rising on hopes of greater Chinese demand with the region's manufacturing figures going...Read More
Zinc concentrate treatment charges (TCs) continued its upward trend in August with smelters reluctant to accept lower offers, while lead concentrate TCs fell sharply in response to supply tightness. Fastmarkets assessed the zinc spot concentrate TCs, cif China at $170-190 per tonne on Friday August 28, rising by $5 from the previous range of $165-185 per tonne at the end of July. Offers of zi...Read More
Impol Group's facility in Bistrica, Slovenia has received the Aluminium Stewardship Initiative (ASI) Performance Standard certification, it said on Tuesday September 1. The facility produced 250,000 tonnes of various value-added aluminium products such as extrusion billet, rolling slab, sheet and others in 2019, and was certified for its responsible production, sourcing and stewardship...Read More
Three-month base metals prices on the London Metal Exchange were collectively higher during morning trading on Tuesday September 1, with both nickel and zinc prices leading the way with 2.5% increases on high turnover, while positive manufacturing data out of Europe this morning bolstered buying momentum further. Nickel's outright price on the LME was recently at $15,715 per tonne, climbing 2.58%...Read More
Fastmarkets invites all aluminium market participants to provide feedback on its initiative to price the physical low-carbon aluminium market. Specifically, Fastmarkets seeks feedback on proposed specifications of low-carbon aluminium, the type of pricing mechanism used to perform price discovery for low-carbon aluminium and the products and locations in which low carbon aluminium should be priced...Read More
Markets were for the most part upbeat this morning, Tuesday September 1, with all the metals on the London Metal Exchange firmer, as were pre-market major western equity index prices. China's Caixin manufacturing purchasing managers' index (PMI) beat expectations with a reading of 53.1 for August, compared with 52.8 in July. This was enough to send three-month LME copper prices to levels not seen...Read More