The import price for heavy scrap (HS) into China maintained its upward trend this week, with more buying interest heard in the spot market amid climbing prices in the region. Fastmarkets' price assessment for steel scrap, heavy recycled steel materials, cfr China was $475-480 per tonne on Wednesday April 7, up by $15 from $460-465 per tonne on April 6. This followed a $5 narrowing in the rang...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 7 that are worth another look.Indian suppliers exhausted their second-quarter quota for shipments of hot-rolled coil into Europe on the first day of the new three-month period, according to data released by the European Commission (EC).https://www.metalbulletin.com/Article/3983087/Home/India-exhausts-EU-HRC-quota-on-first-d...Read More
Indian suppliers exhausted their second-quarter quota for shipments of hot-rolled coil into Europe on the first day of the new three-month period, according to data released by the European Commission (EC).The European Union's HRC quota of 162,983 tonnes assigned to suppliers from India was fully exhausted on April 1.About 33,291 tonnes of HRC from India were awaiting allocation.Indian suppli...Read More
Europe's domestic hot-rolled coil prices continued to rise on Wednesday April 7 due to buyers' growing need to restock and limited sources of material, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index domestic, exw Northern Europe at ?,?894 ($1,057.80) per tonne on April 7, up by ?,?9 per tonne from ?,?885 per tonne on April 6.The index was up by ?,?58 per tonn...Read More
European steel H-beam prices moved up on Wednesday April 7, following good demand and high feedstock prices, sources told Fastmarkets.Producers have been trying to achieve price increases of ?,?30 per tonne for several weeks, with one European producer now renewing efforts to push through the increase, citing strong order books and historically high raw materials costs. Fastmarkets' weekly price a...Read More
Prices for steel hollow sections in Europe remained flat on Wednesday April 7, with the renewed import quota relieving pressure on the market with mills facing higher feedstock costs, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was unchanged at ?,?920-950 ($1088- 1,124) per tonne on Wednesday.The price of hot-rolled coil,...Read More
Domestic steel wire rod prices in Southern Europe were flat in slow post-holiday market, with most sources expecting prices to remain steady or tick up in coming weeks due to limited supply, Fastmarkets heard on Wednesday April 7.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality) domestic, delivered Southern Europe was ?,?660-670 ($781-793) per tonne on Wednesday, unchanged fro...Read More
Turkish deep-sea scrap import prices pushed up again after three fresh cargoes were sold from the United States and Baltic Sea regions for May shipment, market participants told Fastmarkets on Wednesday April 7.A steel mill in the Iskenderun region booked a Baltic Sea cargo, comprising 16,000 tonnes of HMS 1&2 (80:20), 8,500 tonnes of shredded, 4,500 tonnes of bonus, 3,500 tonnes of rail and a 2,5...Read More
Iron ore prices pushed up on Wednesday April 7, chasing previous increments in steel prices but depressing seaborne activity, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $173.63 per tonne, up $2.73 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.16 per tonne, up $3.16 per tonne58% Fe fines high-grade premium, cfr Qingdao: $154.65 per tonne, up $1.40 per to...Read More
The import price for heavy scrap (HS) into China maintained its upward trend this week, with more buying interest heard in the spot market amid climbing prices in the region. Fastmarkets' price assessment for steel scrap, heavy recycled steel materials, cfr China was $475-480 per tonne on Wednesday April 7, up by $15 from $460-465 per tonne on April 6. This followed a $5 narrowing in the rang...Read More
Export billet prices from the Black Sea basin were supported by rising buying prices for the material in Asia, particularly China, while neighboring markets remained weak, sources told Fastmarkets on Wednesday April 7.They said the strong demand for imported billet in China, stemmed from the reduced availability of material in the domestic market, which was due to production cuts and surging finis...Read More
Export prices for steel billet from Iran continued to rise in early April, supported by demand from Asia and, in particular, from customers in China, sources told Fastmarkets on Wednesday April 7.One Iranian producer booked 30,000 tonnes of billet, scheduled for delivery at the end of April, at $570 per tonne fob southern Iranian ports.Another steelmaker in Iran sold 30,000 tonnes of billet, to be...Read More
Brazil's automotive output grew by 5.47% year on year in March, despite several plants closing toward the end of the month, national automakers association Anfavea said on Wednesday April 7.The country produced 200,340 vehicles in March, up from 189,958 units in same month in 2020 and up 1.68% from 197,035 units in February 2021, the association said."The figures in March were acceptable despite t...Read More
Future mobility vehicles such as flying cars and air taxis may use radically different battery chemistries and production methods to cater to their unique form factor and designs, industry pioneers Volocopter and Wright Electric told Fastmarkets. Touted as the transport of the future, these vehicles are meant to break the monotony and time wasted in rush-hour jams by providing an alternative to la...Read More
Liberty Steel has resumed production at its UK special steel plant in Rotherham, the steelmaker said on Tuesday April 6.Operations at the plant were halted on March 12, the company said."We are grateful for the support from our customers and suppliers in enabling the restart and in supporting our self-help measures such as matching our current stock to customer orders and working with customers to...Read More
An explosion and then a fire erupted at continuous casting machine No2 at ArcelorMittal Italia on April 5, trade union USB said.No workers were injured during the incident, the union said. Market sources told Fastmarkets that ArcelorMittal claims the fire did not have an impact on production. The steelmaker did not reply to Fastmarkets' request for comment by the time of publication.European buyer...Read More
India's JSW Steel has beefed up its production capacity after confirming the purchase of the plate and coils division of fellow steelmaker Welspun Steel, the company has announced.The purchase agreement had been in place for two years before the rubberstamp came on Wednesday March 31, with Welspun announcing in April 2019 that it would sell the assets to JSW Steel subject to approval of the Compet...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 7 that are worth another look.Indian suppliers exhausted their second-quarter quota for shipments of hot-rolled coil into Europe on the first day of the new three-month period, according to data released by the European Commission (EC).https://www.metalbulletin.com/Article/3983087/Home/India-exhausts-EU-HRC-quota-on-first-d...Read More
Mining group Rio Tinto has started production of battery-grade lithium from waste rock at a demonstration plant located at a Boron mine site in California, in the United States, the company said on Wednesday April 7.The lithium demonstration plant is part of a project intended to scale up a breakthrough lithium production process developed at the mine, Rio Tinto said. The method allows Rio Tinto t...Read More