Key data from Fastmarkets' pricing session in London on Wednesday March 17.Key drivers The European market climbed to its highest since March last year on increased spot market interest, with tighter concentrates supply from China supporting prices. The spot market was active in the first half of the week, with more than 40 tonnes...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 18 that are worth another look.Brazilian apparent steel consumption increased 24.5% year on year in February, while crude steel output grew 3.8% in the same comparison, according to figures from national steel association, A??o Brasil. ...Read More
European ferro-titanium producers have started negotiations for deliveries of the alloy to consumers in the steel sector between April and June, and while no prices have yet been discussed, an acute shortage of titanium scrap will be a key issue for suppliers, producers told Fastmarkets this week.Ferro-titanium producers have been holding back from securing new deals for their intake of scrap and...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 18 that are worth another look.Brazilian apparent steel consumption increased 24.5% year on year in February, while crude steel output grew 3.8% in the same comparison, according to figures from national steel association, A??o Brasil. ...Read More
European ferro-titanium producers have started negotiations for deliveries of the alloy to consumers in the steel sector between April and June, and while no prices have yet been discussed, an acute shortage of titanium scrap will be a key issue for suppliers, producers told Fastmarkets this week.Ferro-titanium producers have been holding back from securing new deals for their intake of scrap and...Read More
Turkish steel mills continued to stay out of the deep-sea scrap market on continuing weak demand for steel, despite the increasing availability of supplies, especially from the Baltic Sea, sources told Fastmarkets on Thursday March 18.The most recent deep-sea bookings were done at the end of last week, when two Baltic Sea cargoes were sold at $435-437 per tonne cfr on a heavy melting scrap 1&2 (80...Read More
Battery recycling start-up Li-Cycle sees the commercial production achieved at its Rochester, New York, plant as the start of something big.The plant, which achieved commercial production last December, has dthe capacity to process 5,000 tonnes of end-of-life lithium-ion batteries per year, doubling overall intake for the Canadian company, which is the first of its kind to use hydrometallurgy for...Read More
Key data from the Wednesday March 17 pricing session in London and Shanghai.Key drivers: Cobalt hydroxide payable dips on low end of range amid widening gap between suppliers' offers and buyers' expectations in the context of an escalating downturn in the downstream cobalt sulfate price in...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 18 that are worth another look.Brazilian apparent steel consumption increased 24.5% year on year in February, while crude steel output grew 3.8% in the same comparison, according to figures from national steel association, A??o Brasil. ...Read More
Hot-rolled coil prices in the United States have surged above $65 per hundredweight ($1,300 per short ton), and there is no sign that the rally will end any time soon, according to market participants. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $65.24 per cwt ($1,304.80 per ton) on Thursday March 18, up by 0.69% from $64.79 per cwt on Wednesday March 17 and by 1....Read More
The mood in the European hot-rolled coil market has become bullish due to a combination of a material shortage and strong demand, sources told Fastmarkets on Thursday March 18.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?792.50 ($944.71) per tonne on Thursday, up by ?,?1.25 per tonne from ?,?791.25 per tonne on March 17.The index was also up by...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 18 that are worth another look.Brazilian apparent steel consumption increased 24.5% year on year in February, while crude steel output grew 3.8% in the same comparison, according to figures from national steel association, A??o Brasil. ...Read More
Brazilian apparent steel consumption increased 24.5% year on year in February, while crude steel output grew 3.8% in the same comparison, according to figures from national steel association, A??o Brasil.Apparent steel use reached 2.13 million tonnes last month, up from 1.71 million tonnes a year earlier.Meanwhile, crude steel production totaled 2.85 million tonnes in February, from 2.74 million t...Read More
The UK steel industry is a key focus of the British government's ?1 billion ($1.4 billion) Industrial Decarbonization Strategy, which is intended to create the world's first low-carbon industrial sector.The strategy includes a commitment to work with the recently reconstituted Steel Council to consider the implications of a recommendation from the Climate Change Committee and to set targets for o...Read More
Turkish steel mills continued to stay out of the deep-sea scrap market on continuing weak demand for steel, despite the increasing availability of supplies, especially from the Baltic Sea, sources told Fastmarkets on Thursday March 18.The most recent deep-sea bookings were done at the end of last week, when two Baltic Sea cargoes were sold at $435-437 per tonne cfr on a heavy melting scrap 1&2 (80...Read More
Rogesa, a joint subsidiary of German steelmakers Dillinger and Saarstahl, has installed new equipment which will result in reduced carbon emissions and additional energy generation, the company announced on Wednesday March 17.The new dedusting system for the circular cooler - a rotating belt on which the sinter cools - has been installed at sinter plant 3 of Rogesa Roheisengesellschaft Saar in Dil...Read More
Iron ore prices increased slightly on Thursday March 18, after China announced that the emissions restrictions being imposed in Tangshan will be less strict than previously anticipated, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $166.62 per tonne, up $0.43 per tonne62% Fe low-alumina fines, cfr Qingdao: $166.98 per tonne, up $0.71 per tonne58% Fe fines high-grade premium,...Read More
The Turkish steel billet markets have remained weak over the past seven days with limited sales and falling prices due to softer scrap costs, sources said on Thursday March 18.Turkish deep-sea scrap import prices have been falling since late last week due to increased supplies.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $438.17 per tonne on March 17, d...Read More
European ferro-titanium producers have started negotiations for deliveries of the alloy to consumers in the steel sector between April and June, and while no prices have yet been discussed, an acute shortage of titanium scrap will be a key issue for suppliers, producers told Fastmarkets this week.Ferro-titanium producers have been holding back from securing new deals for their intake of scrap and...Read More
The UK steel industry is a key focus of the British government's ?1 billion ($1.4 billion) Industrial Decarbonization Strategy, which is intended to create the world's first low-carbon industrial sector.The strategy includes a commitment to work with the recently reconstituted Steel Council to consider the implications of a recommendation from the Climate Change Committee and to set targets for o...Read More