Here are five Fastmarkets stories you might have missed on Wednesday October 6 that are worth another look.Significantly rising energy prices have forced European steelmakers to look for ways to compensate for surging production costs, but mills lack a unified approach to the problem; some are introducing energy surcharges while others...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 6 that are worth another look.Significantly rising energy prices have forced European steelmakers to look for ways to compensate for surging production costs, but mills lack a unified approach to the problem; some are introducing energy surcharges while others...Read More
London Metal Exchange base metals closed mostly down on Wednesday October 6, with most of the market closely watching macroeconomic developments in China and the United States.Still, analysts noted that while risks from macroeconomic events put downward pressure on base metals prices, a lack of supply across commodities continues to keep metals relatively range-bound."Our base metals in contrast r...Read More
Domestic steel reinforcing bar prices in the United States were sideways this week, with the combination of demand and backlogs expected to sustain what many market participants believe is a price peak.Fastmarkets' assessment for steel reinforcing bar (rebar), fob mill US was $49.25 per hundredweight ($985 per short ton) on Wednesday October 6, unchanged since August 11 but up by 65.55% from $29.7...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 6. Please click...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 6.Key driversEuropean ferro-titanium and titanium scrap markets extended their steady trend for a fifth consecutive week, with suppliers holding offer prices against expected renewed demand from steel mills.Deals were reported within current price ranges, but the bulk of expected renewed quarterly demand from steel mills for...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 6.Key driversEuropean ferro-titanium and titanium scrap markets extended their steady trend for a fifth consecutive week, with suppliers holding offer prices against expected renewed demand from steel mills.Deals were reported within current price ranges, but the bulk of expected renewed quarterly demand from steel mills for...Read More
Transactions for hot-rolled coil in Europe remained limited on Wednesday October 6, with buyers and sellers preferring to avoid transactions until the price trend becomes clearer, sources told Fastmarkets.Most European buyers have sufficient flat steel stocks to last until the end of the year. Buyers will have to return to the market in November at the latest because they will need to plan for the...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 6. Please click...Read More
Significantly rising energy prices have forced European steelmakers to look for ways to compensate for surging production costs, but mills lack a unified approach to the problem; some are introducing energy surcharges while others prefer to focus on raising the price of steel, sources told Fastmarkets on the sidelines of the Made in Steel 2021 trade fair in Milan, Italy.In October, prices for gas...Read More
Metal market participants have been forced to take creative approaches to ensure they can continue trading amid an intensely challenging freight environment, sources told Fastmarkets.A global logistics crisis has dragged on through the summer and into the autumn of 2021, highlighted by a continued shortage of vessels and containers, together with port congestion across the globe. Quarantines relat...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 6. Please click...Read More
Turkey's steel and industrial gas producer Habas is planning to start hybrid vehicle production at a former Honda plant, according to a report seen by Fastmarkets.Honda terminated vehicle production in its plant in Kocaeli, Turkey, in September 2021. Habas is in touch with almost 30 engineering companies to start hybrid...Read More
Brazilian mineral production rose by 9.61% year on year in January-August 2021 amid the inauguration or reopening of some iron ore operations in the country, national mining institute Ibram said on Wednesday October 6.The country produced 833 million tonnes in the first eight months of 2021, up from 760 million tonnes a year before, according to the association. In the same period, mining revenues...Read More
Philippine steelmakers have come back to the import market for steel billet while key buyers in China are celebrating National Day holidays, sources said on Wednesday October 6.Russian 5sp 125mm electric-arc furnace (EAF) billet was sold at $690-693 per tonne cfr Philippines this week, several key market participants told Fastmarkets on Wednesday.A European trader said that the 125mm EAF billet ca...Read More
Turkey's steel and industrial gas producer Habas is planning to start hybrid vehicle production at a former Honda plant, according to a report seen by Fastmarkets.Honda terminated vehicle production in its plant in Kocaeli, Turkey, in September 2021. Habas is in touch with almost 30 engineering companies to start hybrid...Read More
Turkey's steel and industrial gas producer Habas is planning to start hybrid vehicle production at a former Honda plant, according to a report seen by Fastmarkets.Honda terminated vehicle production in its plant in Kocaeli, Turkey, in September 2021. Habas is in touch with almost 30 engineering companies to start hybrid...Read More
Thyssenkrupp Steel has launched a form of steel with a reduction in CO2 intensity of 70%, it said.Using hot-briquetted iron (HBI), the carbon emission intensity per tonne of lower-CO2 flat steel products - which it calls "bluemint" - is 70% lower at 0.6 tonnes of CO2 per tonne than the 1.5 tonnes that would be produced otherwise, the steelmaker said on Wednesday October 6.Thyssenkrupp's "bluemint...Read More
Numerous challenges are ahead for the graphite industry while it develops to meet the needs of the rapidly growing electric vehicle (EV) sector. While debate persists around cathode chemistries, with LFP cathodes gaining ground in China in recent months at the expense of NCM cathodes, these various lithium-ion battery chemistries are all utilizing graphite anodes. In the coming years, exponential...Read More
Decarbonizing the shipping industry is likely to be tougher than efforts to remove its sulfur emissions, according to an executive at Oldendorff Carriers GmbH & Co.The shipping company's director of business development and strategy told a webinar that efforts by the International Maritime Organization (IMO) requiring the marine sector to cut sulfur emissions by more than 80% had been much more su...Read More