Prices for steel hollow sections in Europe remained unchanged on Wednesday August 11 with the market moving through a seasonally slower period of trading, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic, delivered Northern Europe was ?,?1,400-1,430 ($1,642-1,677) per tonne on Wednesday, unchanged week on week."Prices remain above ?,?1,400 per tonne,...Read More
Ferrous scrap exports from the United States tumbled by 20.68% month on month in June, with shipments to Turkey down by two thirds compared with May, according to the latest data from the US Census Bureau.Ferrous scrap exports dropped to 1.61 million tonnes in June from 2.03 million tonnes in May and 1.63 million tonnes in April.Exports to Turkey, typically the top buyer of US ferrous scrap, plumm...Read More
Seaborne coking coal prices increased in the fob Australia market amid increased buying interest on Wednesday August 11, while the cfr China market stayed strong due to domestic supply tightness, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $222.09 per tonne, up $0.98 per tonneHard coking coal, fob DBCT: $195.91 per tonne, up $5.75 per tonnePremium hard coking co...Read More
Nickel premiums continued to rise in the United States in the week ended Tuesday August 10 due to tight availability, but premiums in other regions remained flat.US premiums up on higher sales despite end to Vale strikeChina's cathodes and briquettes quiet amid firmly closed arb windowQuiet market in Europe.Uptrend continues in US premiumsNickel premiums rose in the United States on continued high...Read More
Swiss trader ArrowMetals & Trading is building a base metals concentrates desk, having hired three traders in the past month.Julian Gonzalez, Raphael Senn and Javier Villegas, all formerly of Cliveden Trading, have recently joined Arrow to trade copper, zinc and...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 11 that are worth another look.ArcelorMittal will start up a third rolling mill at its Jo??o Monlevade long steel plant in Brazil's southeastern Minas Gerais state in January 2022, due to strong demand and...Read More
An overview of the consumer electronics markets and their latest price moves.Janie Davies and Dalila...Read More
Swiss trader ArrowMetals & Trading is building a base metals concentrates desk, having hired three traders in the past month.Julian Gonzalez, Raphael Senn and Javier Villegas, all formerly of Cliveden Trading, have recently joined Arrow to trade copper, zinc and...Read More
Base metals prices on the LME were mainly weaker this morning, Wednesday August 11, after average rebound gains of 1.4% on Tuesday, while SHFE base metals prices were mainly stronger in reaction to yesterday's LME gains.US Senate passes $1 trillion infrastructure bill, focused on the transport system Wall Street set fresh record highs on Tuesday US dollar strong and climbing and US treasury yields...Read More
Japanese steel scrap exporters were unwilling to part with large tonnages of material at current market prices ahead of a long holiday in the country starting this week, sources told Fastmarkets on Wednesday August 11.Japanese sellers cautious about new salesLarge gap between containerized and bulk-shipment prices for Taiwan imported scrapChinese scrap import market quiet despite futures gains; pr...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 11 that are worth another look.ArcelorMittal will start up a third rolling mill at its Jo??o Monlevade long steel plant in Brazil's southeastern Minas Gerais state in January 2022, due to strong demand and...Read More
Hot-rolled coil prices in the United States remained firmly above $94 per hundredweight on Wednesday, setting an all-time high for the third day in a row.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $94.86 per hundredweight ($1,897.20 per short ton) on Wednesday August 11, up by 0.20% from $94.67 per cwt on August 10 and by 1.72% from $93.26 per cwt one week earlie...Read More
Turkish steel mills remained out of the deep-sea scrap market on Wednesday August 11, booking no new cargoes, sources told Fastmarkets.With no new transactions heard, the market remained steady.A small number of older cargo deals had come to light at the start of this week, for material...Read More
Tin's three-month price reached yet another all-time peak of $35,795 per tonne on Wednesday August 11 on the London Metal Exchange. Most other base metals, copper being the sole exception, were also up while the US Dollar Index pulled back slightly.Months-long supply tightness and continued demand for tin meant that its three-month price has risen by 70% since the start of the year, having been $2...Read More
Here are five Fastmarkets stories you might have missed on Wednesday August 11 that are worth another look.ArcelorMittal will start up a third rolling mill at its Jo??o Monlevade long steel plant in Brazil's southeastern Minas Gerais state in January 2022, due to strong demand and...Read More
The shareholders of United Arab Emirates-based Arkan Building Materials have approved the merger of their company with Emirates Steel, Arkan said on August 9.Arkan owns companies in the construction-related sectors, including cement and concrete producers.Emirates Steel has crude steel capacity for 3.5 million tonnes per year, making it the biggest steel producer in the UAE. It produces rebar, wir...Read More
Spot ferro-chrome prices in China continued to correct downward after peaking at a 13-year high point at the end of July, despite the continuing output restrictions caused by power supply limitations in a number of production regions.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, fell by 400-500 yuan to 10,400-10,800 yuan ($1,603-1,665) per tonne on Tuesday...Read More
Turkish steel mills remained out of the deep-sea scrap market on Wednesday August 11, booking no new cargoes, sources told Fastmarkets.With no new transactions heard, the market remained steady.A small number of older cargo deals had come to light at the start of this week, for material...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila...Read More