Here are five Fastmarkets stories you might have missed on Thursday August 5 that are worth another look.Brazil has joined other major commodity producers in South America, such as Chile and Peru, in a debate about whether to increase mining royalties because of soaring prices - and it can be...Read More
A summary of the operational results for Russian steelmaker Metalloinvest for the first six months of 2021.In brief Metalloinvest cut its sales of hot briquetted iron (HBI) to 2.12 million tonnes, down year on year by 10.9% from 2.36 million tonnes. During the first six months of 2021, Metalloinvest produced 3.89 million tonnes of HBI/direct reduction iron (DRI), down by 5.4% year on...Read More
Stahl-Holding-Saar (SHS) and its subsidiary, Saarstahl, have acquired the steel plants at Ascoval and Hayange in France from Liberty Steel, Saarstahl said on Thursday August 5.The acquisition has been formally validated by the French authorities, but the value of the deal was not disclosed."We are proud that our industrial concept for the takeover of Ascoval and Hayange has been validated and can...Read More
The prices of billet in the Turkish market have fallen in the past week because of the downturn in scrap values and soft demand, sources said on Thursday August 5.Turkish steel producers resumed their deep-sea scrap bookings on Tuesday August 3 after a short break, taking advantage of lower prices.Fastmarkets' index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculat...Read More
Egyptian rebar producers maintained their offers in the week to August 5 despite limited demand and lower scrap prices, sources told Fastmarkets.Rebar offers have held steady at E ?14,300-14,600 ($909-928) per tonne ex-works, including 14% value-added tax (VAT), since May 17.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw Egypt was E ?14,300-14,600 per tonne on...Read More
The release of new regulations for anti-seismic management of construction projects in China, which is expected to stimulate demand for anti-seismic rebar, failed to shake domestic rebar prices on Thursday August 5.DomesticEastern China (Shanghai): 5,200-5,240 yuan ($804-811) per tonne, unchangedThe Chinese government published the regulations Wednesday and plans to implement them from September 1...Read More
There was a strong rise in the European market for low-carbon ferro-chrome in the week ended Tuesday August 3, in response to tight supply and the imposition of export taxes in Russia and China.Fastmarkets' price assessment for ferro-chrome, 0.10% C, average 65-70% Cr, delivered Europe, was $2.17-2.51 per lb Cr on August 3, a rise of 2.4% from $2.10-2.47 per lb Cr one week earlier."Offers prices a...Read More
A summary of the financial results for Austrian steelmaking group Voestalpine for the second quarter of 2021.Voestalpine has reported significant year-on-year earnings growth for the period from April 1 to June 30, 2021, the first quarter of its financial year. Almost all of the group's market and product sectors showed growth and positive performance, although in the aerospace sector earnings wer...Read More
China's mixed signals about its decarbonization goals have raised doubts over the country's purported plans to cut steel production in the second half of 2021, market sources said.The central Chinese government had asked steelmakers to reduce steel output in the second half for two reasons. The first is the short-term target of keeping the country's total steel output for this year from exceeding...Read More
Benjamin Baptista will retire and leave his role as chief executive officer of ArcelorMittal's Brazilian unit on September 30 after 12 years, with current Latin America long steel CEO, Jefferson De Paula, to replace his role, Baptista said on Tuesday August 3.Baptista joined ArcelorMittal in 1983, when it was still called Companhia Sider??rgica de Tubar??o (CST). It was later bought by Arcelor, to...Read More
Stahl-Holding-Saar (SHS) and its subsidiary, Saarstahl, have acquired the steel plants at Ascoval and Hayange in France from Liberty Steel, Saarstahl said on Thursday August 5.The acquisition has been formally validated by the French authorities, but the value of the deal was not disclosed."We are proud that our industrial concept for the takeover of Ascoval and Hayange has been validated and can...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 5 that are worth another look.Brazil has joined other major commodity producers in South America, such as Chile and Peru, in a debate about whether to increase mining royalties because of soaring prices - and it can be...Read More
The release of new regulations for anti-seismic management of construction projects in China, which is expected to stimulate demand for anti-seismic rebar, failed to shake domestic rebar prices on Thursday August 5.DomesticEastern China (Shanghai): 5,200-5,240 yuan ($804-811) per tonne, unchangedThe Chinese government published the regulations Wednesday and plans to implement them from September 1...Read More
The prices of billet in the Turkish market have fallen in the past week because of the downturn in scrap values and soft demand, sources said on Thursday August 5.Turkish steel producers resumed their deep-sea scrap bookings on Tuesday August 3 after a short break, taking advantage of lower prices.Fastmarkets' index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was calculat...Read More
Prices for export billet originating from the Commonwealth of Independent States (CIS) softened in the week to August 5 due to multiple low bids from Turkish and Chinese customers.Earlier in the week, information about a 20,000 tonne shipment of 3sp Ukraine-origin billet sold to Libya at $690 per tonne cfr was heard. The price nets back to $645 per tonne fob Black Sea, the source said.According to...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 5 that are worth another look.Brazil has joined other major commodity producers in South America, such as Chile and Peru, in a debate about whether to increase mining royalties because of soaring prices - and it can be...Read More
Turkish steel producers took a break from purchasing deep-sea scrap on Thursday August 5 after booking at least five cargoes earlier this week, market sources told Fastmarkets.The most recent deal was recorded on Wednesday August 4, when a steel mill in the Izmir region booked a US cargo comprising 15,000 tonnes of HMS 1&2 (80:20) at $464 per tonne, and 14,000 tonnes of shredded and 2,000 tonnes o...Read More
Bangladeshi steelmakers have showed only limited interest in buying imports of steel scrap over the last week amid a continuing strict lockdown in the country, sources said on Thursday August 5.The country's strict Covid-19 lockdown was extended until Tuesday August 10, government officials announced on August 3. A feature of this latest lockdown is that most heavy industry such as steel productio...Read More
Here are five Fastmarkets stories you might have missed on Thursday August 5 that are worth another look.Brazil has joined other major commodity producers in South America, such as Chile and Peru, in a debate about whether to increase mining royalties because of soaring prices - and it can be...Read More
Stahl-Holding-Saar (SHS) and its subsidiary, Saarstahl, have acquired the steel plants at Ascoval and Hayange in France from Liberty Steel, Saarstahl said on Thursday August 5.The acquisition has been formally validated by the French authorities, but the value of the deal was not disclosed."We are proud that our industrial concept for the takeover of Ascoval and Hayange has been validated and can...Read More