Here are five Fastmarkets stories you might have missed on Wednesday April 21 that are worth another look.Over July 2020 to March 2021, BHP's metallurgical coal production volume came to 29 million tonnes, down by 2% year on year, BHP's latest quarterly report on April 21 shows.Bipartisan...Read More
Prices for steel hollow sections in Europe moved higher on Wednesday April 21 because feedstock costs were continuing to climb, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?1,050-1,120 ($1,265-1,349) per tonne on April 21, up from ?,?950-1,050 per tonne on April 14."Prices have increased very quickly and aggressivel...Read More
European steel H-beam prices were unchanged week on week on Wednesday April 21, with producers starting a new push for increases, sources have told Fastmarkets.Fastmarkets assessed the weekly price for steel beams, domestic, delivered Northern Europe, at ?,?750-780 ($903-940) per tonne on Wednesday, unchanged week on week."Exports from the European mills are at a good level. There is currently no...Read More
Turkish deep-sea scrap import prices have rebounded once again with fresh bookings done following successful Turkish export rebar and billet sales, market participants said on Wednesday April 21. A steel mill in the Iskenderun region booked a European cargo, comprising 22,500 tonnes of HMS 1&2 (80:20) and 12,500 tonnes of a mixture of plate and structural (P&S) and HMS 1 at an average price of $42...Read More
Offer prices for ferrous scrap imports into China increased sharply on Wednesday April 21 amid bullish sentiment in the key supplier, Japan.The highest offers heard were at $520-530 per tonne cfr north China, equivalent to $510-520 per tonne cfr east China.Bid prices were heard at $495-500 per tonne cfr north China, equivalent to $485-490 per tonne cfr east China.Sentiment in the Japanese market h...Read More
A summary of BHP's operational review for iron ore for its financial third quarter ended March 31, 2021, as released on Wednesday April 21.In briefTotal production of iron ore for the nine months ended March 31 was 188.3 million tonnes (211.3 million tonnes on 100 % basis), up by 4% year on year. Iron ore production in January-March was at 59.9 million tonnes, down by 4%...Read More
The Iranian export slab price surged by $70-85 per tonne in a recent tender held by one of the country's major slab producers, Khouzestan Steel, supported by demand in the major outlets and a global uptrend in the slab sector.A cargo comprising 30,000 tonnes of slab to be shipped in mid-June was traded at $720 per tonne fob southern Iranian ports early in the week of Monday April 19, up from $635-...Read More
China's domestic rebar prices increased on Wednesday April 21 on the news that the country's Ministry of Industry & Information Technology (MIIT) will not permit the steel industry to increase capacity in 2021. Domestic Eastern China (Shanghai): 5,040-5,070 yuan ($776-780) per tonne, up by 40 yuan per tonne MIIT made the statement in a work report on April 20, and is not the first time the ministr...Read More
The spot ferro-chrome market in China continued its downward trend in the week to Tuesday April 20, despite some newly implemented production cuts in southern parts of the country.Following Inner Mongolia's energy cuts, a couple of other regions issued notices about dual control of energy consumption and intensity in the past week.Some smelters in Guangxi province were heard to have idled their fu...Read More
Prices for steel hollow sections in Europe moved higher on Wednesday April 21 because feedstock costs were continuing to climb, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?1,050-1,120 ($1,265-1,349) per tonne on April 21, up from ?,?950-1,050 per tonne on April 14."Prices have increased very quickly and aggressivel...Read More
Sales volumes from flat-steel distributors rose 22.65% in March, compared to figures from the same month in 2020, amid resilient demand and a stronger performance, national distributor association Inda said on Tuesday April 20.Additionally, domestic prices were extremely competitive in comparison with imports despite recent increases applied by mills in April, according to the association.Flat-rol...Read More
Brazil's apparent steel usage grew by 50.15% in March compared with the same month in 2020, with imports outgrowing domestic sales from mills, according to data from national steelmaker association Instituto A??o Brasil published on Tuesday April 20.Steel consumption reached 2.45 million tonnes in March, up from 1.63 million tonnes a year earlier, A??o Brasil data showed. In March of last yea...Read More
A summary of Brazilian miner Vale's iron ore results for the first quarter of 2021 as stated in its latest production and sales report released on Monday April 19.In brief Production of iron ore fines increased by 14.2% year on year, supported by gradual resumption of operations in Timbopeba, Fabrica and Vargem Grande complexes, a stronger performance in Serra Norte and lower rainfall in January.T...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 21 that are worth another look.Over July 2020 to March 2021, BHP's metallurgical coal production volume came to 29 million tonnes, down by 2% year on year, BHP's latest quarterly report on April 21 shows.Bipartisan...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday April 21.Read More
Domestic prices for European heavy steel plate increased again in the week to Wednesday April 21, supported by rising slab costs and a redirection of plate supplies from the spot market to projects, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?840-850 ($1,012-1,024) per tonne on April 21, up by ?,?30-40 per tonne from ?...Read More
Aluminium prices hit a new year-to-date high of $2,368 per tonne on the London Metal Exchange on Wednesday April 21, while most other base metals prices also closed higher, with stock markets in the United States rising, the Dollar Index falling, and speculative buyers taking advantage of Tuesday's dips.The three-month price of aluminium closed up by 1.6% to $2,364 per tonne from its Tuesday price...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 21 that are worth another look.Over July 2020 to March 2021, BHP's metallurgical coal production volume came to 29 million tonnes, down by 2% year on year, BHP's latest quarterly report on April 21 shows.Bipartisan...Read More
Proposed changes to the London Metal Exchange's market structure may actually have the opposite effect to its desired intention: destroying liquidity, not increasing it.Attention has been focused on the proposed permanent closure of the LME ring, the incentivization of electronic trade and changes to margin methodology, which were central issues in the exchange's recently closed discussion paper.B...Read More
The Shanghai Futures Exchange's plans to list ferro-chrome futures, potentially this year, will bring welcomed hedging opportunities and may weaken the dominance of China's stainless steel mills in the ore and alloy markets, participants told Fastmarkets.While no definite date or specifications of the ferro-chrome futures have been announced, Fastmarkets asked participants what changes these contr...Read More