Steel scrap import prices into China remained stable on Wednesday June 16 despite reports of a new transaction for Shindachi busheling from Japan to China.A deal for 3,000 tonnes of Shindachi, the prime scrap grade traded in Japan, was heard at $550 per tonne cfr China. The deal was believed to have been done on Tuesday.There were mixed views about whether there was any price difference between Sh...Read More
Turkish steel mills remained silent in the scrap markets on Wednesday June 16, with market participants mulling the likely direction of price movements.The mills did not book any new cargoes on Wednesday, having agreed two deals the day before at lower prices, marking a potential change in direction for the market, which had become more positive so far in June.One market participant said, however,...Read More
Steel wire rod prices in Northern Europe increased as expected in the week to Wednesday June 16, mainly propelled by the continuing tightness of supply, but aggravated by restricted access to imports due to the trade safeguard measures currently in place, Fastmarkets has heard.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?860-90...Read More
A summary of the financial results for Egypt's biggest steelmaking group, Ezz Steel, for the period from January 1 to March 31, 2021.In briefEarnings increased in line with increased production of flat steel, specifically hot-rolled coil, and exports, the company said in a release to London Stock Exchange on Wednesday June 16."With respect to flat steel, a significant development has occurred in t...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 16 that are worth another look.European non-integrated steel traders and wire rod processors strongly oppose the European Commission's proposal to extend import safeguard measures for three more years, claiming that the decision neglects the interests of...Read More
Fastmarkets is inviting feedback from the industry on its pricing methodology for its Northern Europe and United States hot-rolled coil indices as part of its annual methodology review process in compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies.This consultation, which is open until July 16, 2021, seeks to ensure that our meth...Read More
The Italian steel distributors association, Assofermet, is calling for the complete removal of safeguard measures in Europe to protect steel users and consumers from the effects of the record high prices currently seen in the market. The association demanded the removal of the import controls on 26 steel products after the European Commission proposed extending the current measures for another thr...Read More
European buyers of hot-rolled coil have been holding back from making deals for material, awaiting the European's Commission decision on import safeguard measures and clarity in the global market, sources told Fastmarkets on Wednesday June 16.Some buyers were still willing to accept current offer prices if they needed to restock specific materials, or if they were able to secure back-to-back deals...Read More
The gap between lithium spot and contract prices has narrowed significantly in 2021 as a result of tight availability along the lithium supply chain and price evolution, market sources said.For example, Fastmarkets' monthly assessment of the lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, contract price cif China, Japan & Korea was $12.50-13.50 per kg on May 26, an increase of $1...Read More
Fastmarkets is inviting feedback from the industry on the pricing methodology for its cobalt hydroxide index as part of its annual methodology review process and compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies.This consultation, which begins on Wednesday June 16 and will end on July 13, seeks to ensure that our methodologies...Read More
Steel scrap import prices into China remained stable on Wednesday June 16 despite reports of a new transaction for Shindachi busheling from Japan to China.A deal for 3,000 tonnes of Shindachi, the prime scrap grade traded in Japan, was heard at $550 per tonne cfr China. The deal was believed to have been done on Tuesday.There were mixed views about whether there was any price difference between Sh...Read More
Turkish steel mills remained silent in the scrap markets on Wednesday June 16, with market participants mulling the likely direction of price movements.The mills did not book any new cargoes on Wednesday, having agreed two deals the day before at lower prices, marking a potential change in direction for the market, which had become more positive so far in June.One market participant said, however,...Read More
Fastmarkets is inviting feedback from the industry on the pricing methodology for its cobalt hydroxide index as part of its annual methodology review process and compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies.This consultation, which begins on Wednesday June 16 and will end on July 13, seeks to ensure that our methodologies...Read More
An overview of the consumer electronics markets and their latest price moves.Dalila Ouerghi and Cristina Belda...Read More
Rio Tinto has announced it will conduct a study into whether hydrogen can replace natural gas in alumina refineries to reduce emissions, it said on June 15.Rio Tinto has partnered with the Australian Renewable Energy Agency (Arena) for the $1.2 million feasibility study, which will be equally funded with Arena through a $580,000 grant.The study will look into using clean hydrogen to repl...Read More
Tightening supply and strong demand supported China's domestic and imported alloy markets in the week ended Tuesday June 15.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, narrowed upward by 100 yuan per tonne (0.7%) to 7,600-7,800 yuan ($1,187-1,219) per tonne on Tuesday, from 7,500-7,800 yuan per tonne the previous week.Spot supply has tightened since power...Read More
Here are five Fastmarkets stories you might have missed on Wednesday June 16 that are worth another look.European non-integrated steel traders and wire rod processors strongly oppose the European Commission's proposal to extend import safeguard measures for three more years, claiming that the decision neglects the interests of...Read More
Export prices for steel billet from Iran slipped over the week to Wednesday June 16, with sellers having to compensate for rising freight costs because end-customers were not ready to accept higher prices, Fastmarkets has learnt.One Iranian producer sold 30,000 tonnes of billet at $628 per tonne fob southern ports of Iran. The cargo was destined for Asia, according to market sources.Another suppli...Read More
The Italian steel distributors association, Assofermet, is calling for the complete removal of safeguard measures in Europe to protect steel users and consumers from the effects of the record high prices currently seen in the market. The association demanded the removal of the import controls on 26 steel products after the European Commission proposed extending the current measures for another thr...Read More
Chinese automotive production and sales figures both fell on a monthly and annual basis, although figures for new energy vehicles still increased, according to the data from the China Association of Automobile Manufacturers (CAAM).Carmakers produced 2.04 million units in May, down by 8.70% month on month and 6.80% year on year, while sales came to 2.13 million units, down by 5.50% from April 2021,...Read More