Here are five Fastmarkets stories you might have missed on Thursday April 15 that are worth another look.Trade unions at Liberty's Czech-based Ostrava plant have announced a strike alert amid allegations that the plant's emissions allowances will be lent to another Liberty-owned steel mill, Fastmarkets heard.Read More
Hot-rolled coil prices in the United States climbed to a record high for a second day in a row, and market participants reported no sign that the rally will come to an end in the near term.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $68.73 per hundredweight ($1,374.60 per short ton) on Thursday April 15, up by 0.28% from $68.54 per cwt on Wednesday April 14 and by...Read More
Domestic prices for hot-rolled coil in the north of Europe kept increasing on Thursday April 15, driven by persistent shortages, while ArcelorMittal has increased its offer prices again after transaction prices reached its previous target, according to market sources.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?913.33 ($1,092.97) per tonne on A...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 15 that are worth another look.Trade unions at Liberty's Czech-based Ostrava plant have announced a strike alert amid allegations that the plant's emissions allowances will be lent to another Liberty-owned steel mill, Fastmarkets heard.Read More
Tata Steel is to relocate and upgrade its steel tube-making operations at Corby in the UK as part of a ?25 million ($34.4 million) investment which will give the business the best chance of a strong future, the company said on Thursday April 15.The two-year investment project will involve the creation of a single high-tech warehouse within the East Works. This will allow the closure of the South...Read More
The steel billet and rebar market in Egypt was slow this week because of a lack of changes to the country's construction ban, sources told Fastmarkets on Thursday April 15.Market participants in Egypt were expecting the rules of the ban to be eased, however, no changes have been announced.The construction ban was first imposed in May 2020, with the rules slightly eased in September 2020 to al...Read More
Turkish steel mills have extended their silence in the deep-sea scrap market due to limited finished long steel demand, especially in the domestic market, participants told Fastmarkets on Thursday April 15.The most recent deep-sea trade was done at the end of the last week, when a steel mill in the Iskenderun region paid an average price of $436 per tonne cfr for 35,000 tonnes of HMS 1&2 (95:5) an...Read More
Spot prices for imported steel billet into the Philippines have risen following fresh sales to the country in recent days with some buyers facing low stock levels, sources told Fastmarkets on Thursday April 15.Last week, buyers in Manila indicated their interest at prices of no more than $635 per tonne cfr for standard 5sp billet, while Chinese buyers had already paid $660 per tonne cfr for 3sp ma...Read More
Trade unions at Liberty's Czech-based Ostrava plant have announced a strike alert amid allegations that the plant's emissions allowances will be lent to another Liberty-owned steel mill, Fastmarkets heard.Earlier this week, the OS KOVO trade union warned of a readiness to strike at Liberty's Ostrava plant amid market concerns about the parent company's financial sustainability.Liberty Steel has be...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 14 that are worth another look.Steel producer Feralpi Group has improved the energy efficiency of its Brescia plant in Italy with help from energy company Enel X, reducing its carbon emissions to help meet its sustainability targets, the company said on Tuesday...Read More
Turkish steelmaker Tosyali Iron and Steel has ordered a second quantum electric-arc furnace (EAF) from Primetals Technologies, Primetals said.The quantum EAF will produce 2 million tonnes per year of liquid steel and can be operated with a mixture of scrap or varying composition of hot briquetted iron (HBI), Primetals said.Tosyali ordered its first quantum EAF in December 2020, together with a two...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 15 that are worth another look.Trade unions at Liberty's Czech-based Ostrava plant have announced a strike alert amid allegations that the plant's emissions allowances will be lent to another Liberty-owned steel mill, Fastmarkets heard.Read More
Hot-rolled coil prices in the United States climbed to a record high for a second day in a row, and market participants reported no sign that the rally will come to an end in the near term.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $68.73 per hundredweight ($1,374.60 per short ton) on Thursday April 15, up by 0.28% from $68.54 per cwt on Wednesday April 14 and by...Read More
Domestic prices for hot-rolled coil in the north of Europe kept increasing on Thursday April 15, driven by persistent shortages, while ArcelorMittal has increased its offer prices again after transaction prices reached its previous target, according to market sources.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?913.33 ($1,092.97) per tonne on A...Read More
ArcelorMittal has again increased its official offer prices for all steel coil products across Europe, this time by ?,?50 ($60) per tonne, sources told Fastmarkets on Thursday April 15.This rise followed an offer increase of ?,?20 per tonne a week earlier. After that increase, offers for hot-rolled coil reached ?,?970 per tonne ex-works.Fastmarkets calculated its daily steel hot-rolled coil i...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 15 that are worth another look.Trade unions at Liberty's Czech-based Ostrava plant have announced a strike alert amid allegations that the plant's emissions allowances will be lent to another Liberty-owned steel mill, Fastmarkets heard.Read More
Copper led the way in a price surge on the London Metal Exchange on Thursday April 15, rising at the close to its highest level since late February and spurring the rest of the complex, with aluminium setting a year-to-date high during trading.Copper's three-month price closed at $9,284 per tonne on Thursday at 5pm, the highest since February 25, when the metal reached its year-to-date high of $9,...Read More
London Metal Exchange aluminium continued to reach new multi-year highs while copper and lead were up by 1% on Thursday April 15 morning while nickel and tin fell from their Wednesday gains. LME aluminium's three-month price reached $2.356.50 per tonne during early trading, the most since October 2010, when the metal came to an intraday high of $2,358 per tonne. It was down slightly from that...Read More
Base metals prices on the London Metal Exchange have been edging higher in recent days, although this morning, Thursday April 15, they were looking mixed, while those on the Shanghai Futures Exchange were for the most part firmer. Concerns over China's policy on credit tightening in focus ahead of Friday's gross domestic product (GDP) dataAluminium sets fresh highs for the yearBase metalsLME three...Read More
Copper led the way in a price surge on the London Metal Exchange on Thursday April 15, rising at the close to its highest level since late February and spurring the rest of the complex, with aluminium setting a year-to-date high during trading.Copper's three-month price closed at $9,284 per tonne on Thursday at 5pm, the highest since February 25, when the metal reached its year-to-date high of $9,...Read More