The steel rebar price in Russia's Central Federal district around Moscow continued to increase in the week to Monday May 17, backed by solid demand from end users as well as tight availability, sources told Fastmarkets. Russian producers were still holding back from making official offers for June on expectations of even more significant price rises, sources said. "Producers watch the market to un...Read More
Here are five Fastmarkets stories you might have missed on Monday May 17 that are worth another look.Brazilian domestic flat steel prices increased this month after steelmakers applied price increases of up to 17% to most distributors.Chinese corporations should increase their use of futures products to...Read More
Chinese corporations should increase their use of futures products to hedge against recent price spikes in major commodities across the world, an industry body has said. Rising procurement costs of raw materials have made the lives of small and medium enterprises tough, while higher prices of end products could lead to waning consumption, Ma Wensheng, vice chairman of China Futures Association sai...Read More
GEM chairman Kaihua Xu has worked on building a path for recycling in China since the mid-1990s - he recalls the key steps and discusses the growth and outlook for one of China's leading recycling businesses.Founded in December 2001, GEM Co., Ltd has become one of the leading battery recyclers and battery materials producers in China. The company contributes to 10% of recycling of electronics wast...Read More
Brazil's apparent steel consumption in April was up by 95.70% compared with the same month in 2020 when the Covid-19 pandemic first took hold in the country, the country's national steelmaker association, Instituto A??o Brasil, said on Friday May 14.Instituto A??o Brasil said demand for steel plummeted in April 2020.Steel usage hit 2.23 million tonnes in April 2021, up from 1.14 million tonnes a y...Read More
Brazilian domestic flat steel prices increased this month after steelmakers applied price increases of up to 17% to most distributors.The price increase was due to high raw material costs and similarly higher prices for imported steel.Fastmarkets' monthly price assessment for steel hot-rolled coil, domestic, monthly, exw Brazil was at 6,910-7115 Reais ($1,311-1,350) per tonne on Fri...Read More
Glencore has well-established recycling activities and is extending its role as a key part of the circular economy, Glencore Recycling's global commercial lead, Kunal Sinha said.When Glencore set out its plans in December last year to be a net-zero emissions company by 2050, recycling was one of its seven core pathways. It is an area the company has been active in for decades, but a number of fact...Read More
Here are five Fastmarkets stories you might have missed on Monday May 17 that are worth another look.Brazilian domestic flat steel prices increased this month after steelmakers applied price increases of up to 17% to most distributors.Chinese corporations should increase their use of futures products to...Read More
Brazil's apparent steel consumption in April was up by 95.70% compared with the same month in 2020 when the Covid-19 pandemic first took hold in the country, the country's national steelmaker association, Instituto A??o Brasil, said on Friday May 14.Instituto A??o Brasil said demand for steel plummeted in April 2020.Steel usage hit 2.23 million tonnes in April 2021, up from 1.14 million tonnes a y...Read More
Here are five Fastmarkets stories you might have missed on Monday May 17 that are worth another look.Brazilian domestic flat steel prices increased this month after steelmakers applied price increases of up to 17% to most distributors.Chinese corporations should increase their use of futures products to...Read More
Molybdenum prices rose 15% during last week's trading when a combination of low inventories, steady consumption and high copper prices brought the already-limited production outlook into sharp focus. Would-be buyers found themselves caught short or with limited offers last week after a strong first quarter gave way to slower activity in April"I don't know how healthy this rally is, but I'd be feel...Read More
The latest data for the global manganese ore market for the week ended May 17, 2021.Read More
Export slab prices from the Commonwealth of Independent States (CIS) region continued climbing in the week to Monday May 17, supported by favorable conditions in the finished flat steel market both domestically and abroad.Hot-rolled sheet offers in Russia's domestic market reached 104,000 roubles ($1,404) per tonne cpt, including VAT, in the week to Monday, up from 99,000-104,000 roubles a week ea...Read More
The first phase of Shandong Nanshan Aluminium's alumina project in Indonesia recently started trial production, sources told Fastmarkets on Monday May 17.The development of the alumina refinery is separated into two phases and will eventually have a total production capacity of 2 million tonnes per year, with 1 million tpy coming online in phase one and the rest in the project's second phase, whic...Read More
The bullish momentum on the London Metal Exchange resumed on Monday May 17, following a pullback at the end of last week, with lead and zinc leading and returning to prices they had hit one week earlier when most metals set new LME year-to-date peaks. At $3,014 per tonne on Monday at 5pm, LME zinc's three-month price had the largest increase from Friday's close of $2,938, which had been a 1.8% fal...Read More
Rebar producers in Egypt have increased their prices by another E ?400 ($25.50) per tonne with effect from Monday May 17, sources told Fastmarkets. Rebar producers in Egypt are now offering the product at E ?14,300,14,600 per tonne ex-works including 14% VAT, compared with E ?13,900-14,200 per tonne ex-works announced on May 7. The latest increase follows an earlier E ?400 per tonne increase...Read More
China's nickel pig iron (NPI) prices followed the uptrend in stainless steel in the week to Friday May 14, while nickel ore prices stabilized, sources told Fastmarkets.Fastmarkets' price assessment for nickel pig iron, high-grade NPI content 10-15%, spot, ddp China was 1,135-1,150 yuan ($176.30 -178.60) per nickel unit on May 14, up by 50-55 yuan (4.8%) from 1,080-1,100 yuan per nickel unit a...Read More
Here are five Fastmarkets stories you might have missed on Monday May 17 that are worth another look.Brazilian domestic flat steel prices increased this month after steelmakers applied price increases of up to 17% to most distributors.Chinese corporations should increase their use of futures products to...Read More
Key data from pricing session in London on Monday May 17Key drivers: Offers and bids below the previous range led to a fall in prices despite the fresh inquiries from China. Prices are yet to hit a level where...Read More
Export demand for European secondary aluminium-ingot 226 has risen sharply over the week to Friday May 15, while ADC 12 prices in Asia reach multi-year highs due to strong automotive demand and soaring scrap prices, sources told Fastmarkets.The global semiconductor chip shortage and subsequent halt in automotive manufacturing worldwide contributed to the eight-week fall in secondary aluminium 226...Read More