Liberty Steel Group has resumed operations at one of its blast furnaces at its Ostrava steelworks after nearly four months of downtime, the company said on Friday August 21. Liberty has restarted blast furnace (BF) No 2 at its plant in Ostrava in the Czech Republic on Friday and plans to gradually ramp up production to adapt to market demand, a company spokesperson told Fastmarkets. The BF wa...Read More
The domestic price of hot-rolled coil in Northern Europe moved up on Friday August 21 after producers announced a rise in offers, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?433.75 ($513.83) per tonne on Friday, up by ?,?1.87 from ?,?431.88 per tonne on Thursday.The index was also up by ?,?14.58 per tonne week on...Read More
Domestic steel rebar prices in Poland have been fairly stable over the past week despite somewhat slower buying, with market participants expecting to see higher prices in September because of increased scrap costs and a seasonal pick-up in demand, sources told Fastmarkets on Friday August 21.Poland's rebar market was quiet during the assessment week due to the normal seasonal buying slowdown, sou...Read More
China's domestic rebar prices maintained their downward trend on Friday August 21, although trading activity picked up ahead of weekend. Domestic Eastern China (Shanghai): 3,610-3,640 yuan ($523-527) per tonne, down by 10 yuan per tonneNorthern China (Beijing) weekly assessment: 3,650-3,690 yuan per tonne, down by 10-20 yuan per tonneSome buyers raised their procurement rates over the day on...Read More
Asian import scrap prices continued to rise in the week to Friday August 21 amid solid demand in Vietnam, Taiwan and South Korea, but buyers in Turkey remained away from the market while the Indian market softened.Turkish mills face weak lira, low long-steel demand, and want lower scrap pricesUS export markets quiet with lack of recent sales from East CoastVietnamese import scrap prices benefit fr...Read More
The price of containerized ferrous scrap imports into India was little changed this week, ending its six-week rally, following other global markets' pause in buying activity, sources told Fastmarkets on Friday August 21. Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $309.47 per tonne on Friday, just 17 cents down from $309.64 per tonne one week pre...Read More
Export prices for Brazil-origin slab increased week on week amid low material availability and continuing high demand.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil reached $420-430 per tonne on Friday August 21, up by $5 from $415-425 per tonne a week earlier.Offers were reported at $430 per tonne fob and...Read More
Trading activity in the CIS export market for steel billet was limited in the week ended Friday August 21, with both sides assessing the situation. Some activity was reported in Asia, while customers in markets nearer to the CIS took a wait-and-see stance.Mills selling from the Black Sea basin were not actively offering material, and kept their official indications within the range of $400-410 per...Read More
Peruvian steelmaker Aceros Arequipa is currently loading the country's first ever shipment of steel billet to China, according to a company official.The sale, involving 40,000 tonnes of billet, was concluded in early June for August shipment. It is expected to arrive at the eastern Chinese inland port of Jiangyin, located along the Yangtze River, by the end of September.The transaction is the firs...Read More
The Baowu Steel Group, China's largest steelmaker, is now the controlling shareholder of the Taiyuan Iron & Steel Group (Tisco), the country's second-largest producer of stainless steel, the latter has announced.Shanxi province's State-owned Assets Supervision & Administration Commission, which owned all of Tisco's shares, transferred 51%...Read More
Taiyuan Iron & Steel (Tisco), China's second-largest stainless steel producer, suspended the trading of its stock on the Shenzhen Stock Exchange on Friday August 21 following an announcement on Thursday evening that there will be a change in its controlling shareholder.Market participants expect the Baowu Steel Group, the country's largest producer of carbon steel, to replace Shanxi province's Sta...Read More
Steel buyers in Thailand are reselling distressed hot-dipped galvanized coil from China after the southeast Asian country started preliminary anti-dumping duties of 35.67% on imported Chinese cold-rolled galvanized steel on August 3. A Tianjin-based trader told Fastmarkets that at least 100,000 tonnes of Chinese HDG were stuck at Thailand ports recently due to the costly tax, forcing buyers there...Read More
The Baowu Steel Group, China's largest steelmaker, is now the controlling shareholder of the Taiyuan Iron & Steel Group (Tisco), the country's second-largest producer of stainless steel, the latter has announced.Shanxi province's State-owned Assets Supervision & Administration Commission, which owned all of Tisco's shares, transferred 51%...Read More
Taiyuan Iron & Steel (Tisco), China's second-largest stainless steel producer, suspended the trading of its stock on the Shenzhen Stock Exchange on Friday August 21 following an announcement on Thursday evening that there will be a change in its controlling shareholder.Market participants expect the Baowu Steel Group, the country's largest producer of carbon steel, to replace Shanxi province's Sta...Read More
Export prices for Brazil-origin slab increased week on week amid low material availability and continuing high demand.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil reached $420-430 per tonne on Friday August 21, up by $5 from $415-425 per tonne a week earlier.Offers were reported at $430 per tonne fob and...Read More
Import prices for flat-rolled steel in South America increased once again through the week to Friday August 21, to the levels seen before the Covid-19 pandemic, with October-shipment negotiations with all supplying regions being concluded at higher levels.There were reports of some deals to meet residual needs for October shipments during the period, and customers - particularly those on the Pacif...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday August 21.China Seaborne manganese ore prices slipped after sentiment was undermined by weakening domestic portside ore and spot alloy markets. Portside ore prices fell after traders lowered their offer prices to attract buying interest. Many alloy smelters, however, retreated from the market over th...Read More
Trading activity in the CIS export market for steel billet was limited in the week ended Friday August 21, with both sides assessing the situation. Some activity was reported in Asia, while customers in markets nearer to the CIS took a wait-and-see stance.Mills selling from the Black Sea basin were not actively offering material, and kept their official indications within the range of $400-410 per...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
Sometimes it is better to let a situation speak for itself. Alcoa, Rio Tinto Aluminium, Novelis, Constellium, Arconic, Kaiser Aluminum, Tri-Arrows Aluminum, American Metal Chemical Corp, Hydro Extrusion North America, JW Aluminum, Real Alloy, Reynolds Consumer Products, Scepter, Silberline Manufacturing Co, Smelter Service Corp and Wagstaff. The US Aluminum Association, which represents more than...Read More