BHP produced 41 million tonnes of metallurgical coal at its Queensland operations in Australia in its 2021 financial year ended June 30, according to its latest production report published on Tuesday July 20.The total is down by 1% year on year and within its guidance of 39-41 million tonnes. The miner said it produced 11.82 million tonnes of the steelmaking raw material in the April-June period,...Read More
Base metals prices on the London Metal Exchange were broadly stable on Wednesday July 21, with minimal reaction to China's announcement to sell more state reserve metal during the day. The three-month zinc price closed 1.1% lower than the previous day at $2,929 per tonne, while the three-month aluminium price was down 0.5% to close at $2,453.5 per tonne from a day ago,...Read More
Domestic prices for ferro-chrome in the spot market in China surged in the week ended Tuesday July 20 following production cuts in the province of Inner Mongolia.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, jumped by 17.3% to 10,000-10,300 yuan ($1,541-1,587) per tonne on Tuesday, from 8,500-8,800 yuan per tonne one week earlier, and was now at its highest...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 21 that are worth another look.Flat steel sales from Brazilian distributors increased by 3.3% year on year in June; volumes began to stabilize after strong growth in the first half of 2021, flat steel distributors...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday July 21.Key drivers The ferro-titanium price range widened higher in the week to July 21 on new deals against renewed demand from buyers ahead of new export duties from Russia which begin on August 31. The major consumers in the steel sector, however, have yet to emerge for longer term contracted deliveries and one steelmaker said t...Read More
Belgian flat steel re-roller NLMK La Louviere has declared force majeure after a fire at its rolling mill, sources told Fastmarkets on Wednesday July 21.The fire at La Louviere's hot-rolling mill occurred on July 17. It was extinguished within about 30 minutes and there were no injures, according to a company spokesperson."The equipment installed during the [recent] modernization of the mill was n...Read More
Prices in the United States for domestic and imported carbon steel wire rod rose by $40 per ton in July, nearing an all-time high for domestic product and a record for imports.Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US was $55-57 per hundredweight ($1,100-1,140 per short ton) on Tuesday July 20, up by 3.70% from 53-55 per cwt on June 1...Read More
Galvalume prices in the United States hit a record high for the seventh consecutive month thanks to ongoing tight supply and strong demand. Fastmarkets' monthly price assessment for steel coil Galvalume, fob mill US was at $98 per hundredweight ($1,960 per short ton) on Tuesday July 20, up by 8.29% from $90.50 per cwt in June and nearly triple the $33.25 per cwt recorded in the same month las...Read More
Seaborne coking coal prices stayed large stable in both the cfr and fob market on Wednesday July 21 because buying interest is weak facing the elevated offers, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $211.08 per tonne, down $0.19 per tonnePremium hard coking coal, cfr Jingtang: $309.31 per tonne, up $0.20 per tonne Hard coking coal, fob DBCT: $178.42 pe...Read More
An overview of the consumer electronics markets and their latest price moves.Janie Davies, Cristina Belda and...Read More
European lead smelter Berzelius Metall has declared force majeure on supply contracts after floods that have caused chaos in northern Germany and Belgium forced the closure of its Stolberg smelter.Fastmarkets' calls to Berzelius were not answered, while an email to parent company EcoBat Technologies was not responded to by the time of publication.But sources in the lead market confirmed to Fa...Read More
Fastmarkets' Asia ferro-silicon prices were published early today due to an editor error.These prices were published at 10.35 GMT instead of 14.00-15.00 GMT. The pricing session took place as normal and the data appears as intended.The affected prices are:Ferro-silicon 75% Si min, cif Japan, $/tonneFerro-silicon 75% Si min, in-whs China, yuan/tonneFerro-silicon 75% Si min export, fob China, $/tonn...Read More
Domestic prices for ferro-chrome in the spot market in China surged in the week ended Tuesday July 20 following production cuts in the province of Inner Mongolia.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, jumped by 17.3% to 10,000-10,300 yuan ($1,541-1,587) per tonne on Tuesday, from 8,500-8,800 yuan per tonne one week earlier, and was now at its highest...Read More
Here are five Fastmarkets stories you might have missed on Wednesday July 21 that are worth another look.Flat steel sales from Brazilian distributors increased by 3.3% year on year in June; volumes began to stabilize after strong growth in the first half of 2021, flat steel distributors...Read More
Iranian steel billet export prices continued to rise in the second half of July on improving demand from China, but availability is being constrained by a slowdown in steel production caused by electricity shortages, sources told Fastmarkets on Wednesday July 21.Extreme heat and drought conditions, combined with industrial growth and high energy-use cryptocurrency mining were cited as the reasons...Read More
Prices for steel hollow sections in Europe remained flat on Wednesday July 21 following a summer slowdown in the market, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?1,400-1,430 ($1,656-1,691) per tonne on July 21, unchanged week on week."Prices are stable, the market is slowing down now for three to four weeks," a d...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday July 21.Key drivers The ferro-titanium price range widened higher in the week to July 21 on new deals against renewed demand from buyers ahead of new export duties from Russia which begin on August 31. The major consumers in the steel sector, however, have yet to emerge for longer term contracted deliveries and one steelmaker said t...Read More
A weaker United States ferrous scrap export market is stoking fears that prices could retreat in the August domestic trade after recyclers on the East Coast lowered their selling prices by $10-25 per gross ton in a tell-tale sign.International steel mills have lowered their import prices for US ferrous scrap grades - including heavy melt - this week, citing inflation, higher oil prices and th...Read More
European lead smelter Berzelius Metall has declared force majeure on supply contracts after floods that have caused chaos in northern Germany and Belgium forced the closure of its Stolberg smelter.Fastmarkets' calls to Berzelius were not answered, while an email to parent company EcoBat Technologies was not responded to by the time of publication.But sources in the lead market confirmed to Fa...Read More
Domestic prices for ferro-chrome in the spot market in China surged in the week ended Tuesday July 20 following production cuts in the province of Inner Mongolia.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, jumped by 17.3% to 10,000-10,300 yuan ($1,541-1,587) per tonne on Tuesday, from 8,500-8,800 yuan per tonne one week earlier, and was now at its highest...Read More