Here are five Fastmarkets stories you might have missed on Tuesday February 16 that are worth another look.With long-serving chief executive officer Ivan Glasenberg departing on a trade-fueled high, Glencore looks likely to continue along a familiar path while also tackling one of its biggest...Read More
A summary of base metals premiums from across the globe for the week to Tuesday February 16.Please click...Read More
An overview of the chrome ore and alloy markets on Tuesday February 16 and their latest price moves.EuropeReduced availability of supplies continued to support ferro-chrome prices, with strong demand from Asia having diverted material away from Europe. Consumers needing material have had to accept higher offer...Read More
The latest data for the global manganese ore market for the week ended February 15, 2021.Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 16 that are worth another look.With long-serving chief executive officer Ivan Glasenberg departing on a trade-fueled high, Glencore looks likely to continue along a familiar path while also tackling one of its biggest...Read More
Ford Motor Co is the first United States-based automaker to join the Initiative for Responsible Mining Assurance (IRMA), with plans to increasingly rely on mined minerals while it expands its investment in the electrification of its fleet, the company said on Monday February 15.The IRMA provides objective, third-party verification of industrial-scale mines, covering the full range of issues relate...Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 16 that are worth another look.With long-serving chief executive officer Ivan Glasenberg departing on a trade-fueled high, Glencore looks likely to continue along a familiar path while also tackling one of its biggest...Read More
Turkish steel producers have extended their absence from the deep-sea scrap markets because they were focusing on finished steel sales, market sources said on Tuesday February 16.The daily scrap indices had risen by more than $22 per tonne week on week after two Turkish steelmakers booked US cargoes at $410 per tonne cfr on an HMS 1&2 (80:20) basis.Since the upturn in scrap prices, most Turkish st...Read More
With China still on holiday, base metals prices on the London Metal Exchange have been consolidating this morning, Tuesday February 16, even though broader markets remain upbeat. Optimism remains high while the market focuses on vaccine-enabled and stimulus-driven recoveriesWhile complacency is a risk, the pent-up enthusiasm from a year of Covid-19 may last a long timeBHP raises its outlook, citin...Read More
Hot-rolled coil prices in the United States achieved a new record high, after mills were able to collect top dollar for what little spot material they have available before May. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $60.08 per hundredweight ($1,201.60 per short ton) on Tuesday February 16, an increase of 2.40% from $58.67 per cwt on Friday February 12, and u...Read More
Domestic prices for hot-rolled coil in Northern Europe increased day on day on Tuesday February 16, driven by a material shortage, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?727.50 ($882.53) per tonne on Tuesday, up by ?,?9.37 per tonne from ?,?718.13 per tonne on February 15.The index was also up by ?,?17.50 per tonn...Read More
Buyers of flat steel in Saudi Arabia and the United Arab Emirates were making no deals while they waited for new prices from China, which will be back from a national holiday soon, sources told Fastmarkets on Tuesday February 16.China's Lunar New Year holiday runs February 11-17.Offers were heard from India, but buyers believed that the prices were too high.End-user demand in both countries was al...Read More
India's ministry of road transport & highways has made changes to its specifications for steel reinforcing bar to be used in road and bridge building, allowing participants in the secondary market to provide material, according to a recent government document.The previous requirement was for all steel to be procured from producers which manufacture steel billet directly from iron ore, and which ro...Read More
A fire has interrupted operations at ArcelorMittal Gijon's rail mill in Spain, the company told Fastmarkets on Tuesday February 16. The short-lived fire broke out at one of the rolling stands at Gijon's steelworks rail mill, located in Asturias, Spain, on Saturday, prompting the company to issue a stop-work...Read More
Most buyers for steel rebar and billet in the United Arab Emirates held back from the market in the week ended Tuesday February 16 because they wanted to see new rebar prices from local producers, sources told Fastmarkets.Rebar producers in the UAE were expected to announce new prices soon, and buyers have been waiting for them since last week.Buyers expected prices to hold steady or go down becau...Read More
Here are five Fastmarkets stories you might have missed on Tuesday February 16 that are worth another look.With long-serving chief executive officer Ivan Glasenberg departing on a trade-fueled high, Glencore looks likely to continue along a familiar path while also tackling one of its biggest...Read More
Swedish state-owned iron-ore producer LKAB plans to reopen its iron ore mine in Lapland, Sweden, to meet the increased demand for iron ore products, Fastmarkets heard on Tuesday February 16.LKAB plans to reopen the Mertainen mine, which was mothballed in 2016 amid a change in the market situation, in the autumn 2021, the company said. The primary goal of the mine's reopening is to meet the increas...Read More
Turkish steel producers have extended their absence from the deep-sea scrap markets because they were focusing on finished steel sales, market sources said on Tuesday February 16.The daily scrap indices had risen by more than $22 per tonne week on week after two Turkish steelmakers booked US cargoes at $410 per tonne cfr on an HMS 1&2 (80:20) basis.Since the upturn in scrap prices, most Turkish st...Read More
The export price for steel billet originating in the Commonwealth of Independent States (CIS) has moved up on fresh sales to Turkey, with offer price increasing as well, Fastmarkets heard on Tuesday February 16.A sizeable cargo of Ukraine-origin billet was sold to the Iskenderun area of Turkey earlier this week at $550 per tonne fob Black Sea, several sources reported to Fastmarkets. This price wa...Read More
Most buyers for steel rebar and billet in the United Arab Emirates held back from the market in the week ended Tuesday February 16 because they wanted to see new rebar prices from local producers, sources told Fastmarkets.Rebar producers in the UAE were expected to announce new prices soon, and buyers have been waiting for them since last week.Buyers expected prices to hold steady or go down becau...Read More