The European Commission plans to start an anti-dumping investigation into hot-dipped galvanizing coil from Turkey and Russia, market sources told Fastmarkets on Friday June 11. Multiple market participants said that European steel association Eurofer has lodged a complaint and that the executive arm of the European Union is likely to announce the start of the case soon. Eurofer declined to comment...Read More
Italian domestic steel scrap prices increased substantially in the month to Friday June 11, with mills facing extreme shortages of the steelmaking raw material, sources told Fastmarkets.The southern European country's steelmakers were unable to source the necessary volumes of scrap due to shortages across Europe, particularly for new scrap grades, market sources said.Supplies of new scrap, includi...Read More
Here are five Fastmarkets stories from Tuesday June 8 that are worth another look.A rise in Covid-19 cases in China's Guangdong province in recent weeks has led to tighter controls and rigorous testing at the huge Yantian International Container Terminal (YICT), causing extended delays...Read More
The domestic price of steel rebar remained stable in Brazil in June, but market participants were uncertain about the price outlook for the finished steel product, questioning the stability of the global price uptrend and noting lower scrap costs in the country.There were reports of one mill announcing a price increase for the month and others debating whether such rise was feasible, but the major...Read More
German steelmakers settled their monthly steel scrap contracts for June at substantially higher prices due to the current tight supply, sources told Fastmarkets on Friday June 11.Fastmarkets' monthly price assessment for steel scrap, E8 thin new production steel, domestic, delivered consumer, Germany, was ?,?460-500 ($560-609) per tonne on June 11, up by ?,?50-80 per tonne from ?,?410-420 per tonn...Read More
Zinc showed the biggest increase, at 1.6%, at the close on Friday June 11, while all other prices on the London Metal Exchange ended a week of consolidation on firmer footing.Zinc's three-month price rose to $3,044.50 per tonne, rising from a $2,995 per tonne on Thursday, and up by 1.5% since the start of the week. Similarly, lead's price was up 1.4% on Friday to $2,205.50 per tonne, giving i...Read More
Aluminium primary foundry alloy premiums in Europe and the United States were steady again on Friday June 11, without the price swings seen in other value-added product premiums.EuropeEuropean primary foundry alloy premiums (PFA) were flat on Friday, lagging behind other aluminium value-added products (VAP) such as billet.Market participants told Fastmarkets that lack of demand for the product fro...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia. Read More
The market for pig iron exports from Brazil was quiet but firm during the week to Friday June 11.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $620 per tonne on Friday, stable week on week.No new sales were reported from the...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Technology entrepreneur Elon Musk once described the ongoing use of fossil fuels and their generation of a vast carbon footprint as "the dumbest experiment in human history."Not everyone will agree with his assessment of the petroleum, gas and coal sectors, which have powered the world's growth for decades. Nonetheless, the twin goals of supply chain security and sustainability are now driving a t...Read More
London Metal Exchange ring dealing members have a decision to make - whether to remain one or not.The LME has just announced it will reopen the open outcry trading floor, which was temporarily closed due to Covid-19, on September 6.Its plan, however, comes with a twist; some ring dealers say, a knife.The official prices - which the global trade and industry use as the global reference for physical...Read More
German steelmakers settled their monthly steel scrap contracts for June at substantially higher prices due to the current tight supply, sources told Fastmarkets on Friday June 11.Fastmarkets' monthly price assessment for steel scrap, E8 thin new production steel, domestic, delivered consumer, Germany, was ?,?460-500 ($560-609) per tonne on June 11, up by ?,?50-80 per tonne from ?,?410-420 per tonn...Read More
Aluminium primary foundry alloy premiums in Europe and the United States were steady again on Friday June 11, without the price swings seen in other value-added product premiums.EuropeEuropean primary foundry alloy premiums (PFA) were flat on Friday, lagging behind other aluminium value-added products (VAP) such as billet.Market participants told Fastmarkets that lack of demand for the product fro...Read More
Spot copper-concentrate processing charges remained stable in the week to June 11 amid sluggish market conditions, Fastmarkets heard.Major Chinese smelters were carrying out maintenance so spot buying interest was low, which kept Fastmarkets copper concentrate treatment charge/refining charge (TC/RC) index, cif Asia Pacific largely unchanged. A few spot parcels of...Read More
Key data from Fastmarkets' pricing sessions in China, the United States and Europe.China The spot ferro-silicon market availability became tighter following the news that a major Malaysian ferro-silicon producer has suspended production due to a Covid 19 outbreak, with supply shifting to China and supplier offers broadly holding steady. Market sentiment was positive after the autonomous...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Italian domestic steel scrap prices increased substantially in the month to Friday June 11, with mills facing extreme shortages of the steelmaking raw material, sources told Fastmarkets.The southern European country's steelmakers were unable to source the necessary volumes of scrap due to shortages across Europe, particularly for new scrap grades, market sources said.Supplies of new scrap, includi...Read More
China-based steel traders have regained their appetite for steel billet imports following increases in their domestic steel markets over the last few days, sources told Fastmarkets on Friday June 11.The most traded rebar and hot-rolled coil futures contracts on the Shanghai Futures Exchange closed up by 3.74% and 3.13% respectively on Friday afternoon.Fastmarkets' price assessment for steel billet...Read More