Here are five Fastmarkets stories you might have missed on Friday September 17 that are worth another look.A dire shortage of truck drivers and rail cars and unforeseen levels of demand while businesses reopen from Covid-19 pandemic-related shutdowns are among the factors contributing to the current logistics woes in the United States that have sparked...Read More
The International Aluminium Association (IAI) has released a new decarbonization dataset showing that carbon dioxide emissions from smelting could fall by nearly 90% from 2018 to 2050 if the industry aligns with sustainability targets.In addition, refining emissions could drop by almost half over the same period, it said.The sustainability goals are based on Beyond 2 ?C Scenario (B2DS) targets est...Read More
Chinese cobalt producer GEM Jiangsu has begun a 20-day production pause at its plant in Taizhou city, Jiangsu province in response to the "dual control" energy-consumption policy in the region, a company source told Fastmarkets on Friday September 17.Local authorities have instructed all manufacturers in Taizhou city and Xinghua city to halt production from September 17 to October 8to curb energy...Read More
Iron ore prices moved down on Monday September 20, with Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao falling below $100 per tonne for the first time in 14 months.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $92.98 per tonne, down $8.97 per tonne62% Fe low-alumina fines, cfr Qingdao: $94.07 per tonne, down $9.88 per tonne58% Fe fines high-grade premium, cfr Qingdao: $64.73 pe...Read More
Prices for seaborne iron ore concentrate and pellets fell in the week ended Friday September 17 amid an overall weakness in demand for steelmaking raw materials.Fastmarkets iron ore indicesPellet premium over 65% Fe fines, cfr China: $33.70 per tonne, up $0.40 per tonne66% Fe concentrate, cfr Qingdao: $135.54 per tonne, down $15.71 per tonne65% Fe blast furnace pellet, cfr Qingdao: $173.03 per ton...Read More
Nucor Corp plans to spend roughly $2.7 billion to build a 3-million-ton "lower-carbon" sheet mill to serve customers in the Midwest and Northeast markets, particularly in the automotive sector, the steelmaker announced on Monday September 20.The Charlotte, North Carolina-based company is evaluating locations in Ohio, Pennsylvania and West Virginia. The 84in greenfield mill will produce hot-rolled...Read More
Turkish steel mills started the week in silence, with deals from the previous week just coming to light, market participants told Fastmarkets on Monday September 20.A shipment of United States-origin scrap was heard booked last Wednesday by a mill in the Iskenderun region, comprising unspecified volumes of HMS 1&2 (90:10) at $442...Read More
Here are five Fastmarkets stories you might have missed on Monday September 20 that are worth another look.Latin American steel association Alacero is concerned about a potential flood of Chinese and Turkish rebar in Colombia if a request to cut or eliminate import duties is granted amid recent increases in local capacity, it said...Read More
The first generation of nickel mining created sulfur dioxide emissions, and the second generation created carbon dioxide emissions, but Canada Nickel will, in effect, create neither when it starts to produce nickel in 2025-26, chief executive officer Mark Selby has told Fastmarkets.Selby is also chairman and a founding shareholder of the company. It was formed in September 2019 to develop the Craw...Read More
Egypt consumed 720,000 tonnes of rebar in August 2021, 61.43% more than the 407,000 tonnes consumed in August 2020, Ramy Saleh, chief business development officer at El Marakby Steel, said.The country's rebar consumption in July 2021 was 407,000 tonnes, Saleh added.The reason for the increased...Read More
The latest data for the global manganese ore market for the week ended September 17, 2021.Read More
Latin American steel association Alacero is concerned about a potential flood of Chinese and Turkish rebar in Colombia if a request to cut or eliminate import duties is granted amid recent increases in local capacity, it said on Monday September 20.Opening up the Colombian market to more imports was deemed unnecessary by Alacero, given current supply and demand fundamentals. Moreover, the associat...Read More
Here are five Fastmarkets stories you might have missed on Monday September 20 that are worth another look.Latin American steel association Alacero is concerned about a potential flood of Chinese and Turkish rebar in Colombia if a request to cut or eliminate import duties is granted amid recent increases in local capacity, it said...Read More
Here are five Fastmarkets stories you might have missed on Friday September 17 that are worth another look.A dire shortage of truck drivers and rail cars and unforeseen levels of demand while businesses reopen from Covid-19 pandemic-related shutdowns are among the factors contributing to the current logistics woes in the United States that have sparked...Read More
Budweiser Brewing Group, the UK arm of Belgium-based brewer Anheuser-Busch InBev (AB InBev), has launched a pilot project to produce beer cans made of low-carbon aluminium in partnership with the metals division of En+ Group, rolling company Eval and beverage can maker Canpack.According to En+ Group, the project will see the production of 5 million Budweiser cans made with metal produced using a n...Read More
Turkish steel mills started the week in silence, with deals from the previous week just coming to light, market participants told Fastmarkets on Monday September 20.A shipment of United States-origin scrap was heard booked last Wednesday by a mill in the Iskenderun region, comprising unspecified volumes of HMS 1&2 (90:10) at $442...Read More
European buyers of hot-rolled coil were holding back from making new deals on Monday September 20 on expectations of a price decline, sources have told Fastmarkets.Negative sentiment has been generated by reduced demand for flat steel from the automotive sector. European car manufacturers were unlikely to consume coil at the rate previously expected because of the global shortage of semiconductor...Read More
Seaborne coking coal prices in the fob market on Monday September 20 were up amid firm buying interest and limited supply in the physical spot market, market sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $565.77 per tonne, unchangedHard coking coal, cfr Jingtang: $491.97 per tonne, unchangedPremium hard coking coal, fob DBCT: $386.11 per tonne, up by $6.77 per tonneHard c...Read More
Brazilian apparent steel consumption rose by 22.7% in August amid soaring imports of flat and long products, according to figures released by the country's steel institute, A??o Brasil.Apparent steel use reached 2.34 million tonnes last month, up from 1.91 million tonnes in August 2020, the institute said on Friday September 17.Flat steel consumption rose by 25.4% to 1.34 million tonnes, while lon...Read More
Brazilian apparent steel consumption rose by 22.7% in August amid soaring imports of flat and long products, according to figures released by the country's steel institute, A??o Brasil.Apparent steel use reached 2.34 million tonnes last month, up from 1.91 million tonnes in August 2020, the institute said on Friday September 17.Flat steel consumption rose by 25.4% to 1.34 million tonnes, while lon...Read More