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
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
A summary of German steelmaker Salzgitter's financial results for the second quarter of 2021, running from April 1 to June 30.In brief Recovery in the steel market and surging steel prices led to a strong performance in the second quarter, particularly in Strip Steel and Trading. Steel demand in Europe has continued to increase from 2020's Covid-19 slump. Not only have steelworks' order intakes in...Read More
An overview of the consumer electronics markets and their latest price moves.Janie Davies and Dalila...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
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
Summary of Showa Denko's first half production results for the six months ended June 30. Net sales in the first half of 2021 rose by 112.34% to ?693 billion ($6.23 billion) with sales in chemicals, electronics, inorganics and aluminium segments improving from the first half of 2020. Showa Denko reported...Read More
Iron ore prices went up on Wednesday August 11 following the uptrend in steel and coke prices, but the demand outlook remained bearish, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $165.48 per tonne, up by $3.04 per tonne62% Fe low-alumina fines, cfr Qingdao: $165.97 per tonne, up by $3.22 per tonne58% Fe fines high-grade premium, cfr Qingdao: $134.28 per tonne, up by $3.34...Read More
A summary of the financial performance of Brazilian aluminium producer Companhia Brasileira de Alum?-nio (CBA) for the second quarter of 2020, according to its earnings report released on Tuesday August 10.In brief Total aluminium sales increased year on year during the second quarter amid a "consistent" recovery of Brazilian demand following the 2020 low caused by the Covid-19 pandemic, CBA said....Read More
Australia's Port Hedland shipped lower volumes of iron ore in July month on month, according to data from the Pilbara Ports Authority (PPA) released on Wednesday August 11.The port on the northern coast of Western Australia exported 44.3 million tonnes of iron ore in July - a 12.1% drop compared with the 50.4 million tonnes shipped in June. On a year-on-year basis, exports...Read More
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
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
Export billet prices from the Commonwealth of Independent States (CIS) region declined at the beginning of the week, pressured by low prices and poor demand.Lower import scrap prices in Turkey as well as low demand in major sales outlets due to the summer slowdown were the main reasons for the negative mood."[The] market seems very soft. August is a quiet month in general as well," a Europe-based...Read More
A summary of the financial performance of Brazilian aluminium producer Companhia Brasileira de Alum?-nio (CBA) for the second quarter of 2020, according to its earnings report released on Tuesday August 10.In brief Total aluminium sales increased year on year during the second quarter amid a "consistent" recovery of Brazilian demand following the 2020 low caused by the Covid-19 pandemic, CBA said....Read More
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
China's domestic hot-rolled coil prices extended their gains on Wednesday August 11 after futures prices rose for a second straight day on higher market expectations of an output drop and demand recovery from low summer trading.DomesticEastern China (Shanghai): 5,820-5,860 yuan ($897-903) per tonne, up by 40-60 yuan per tonneThe most-traded HRC contract on the Shanghai Futures Exchange hit an intr...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
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
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