Key data from the pricing session in Shanghai on Wednesday February 3.Key drivers Spot cobalt metal price jumps amid futures strength and a rally in the international benchmark metal price on February 2.Domestic refineries in...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 3 that are worth another look.ArcelorMittal Italia has resumed operations at blast furnace (BF) No2 and coke battery No9 at its Taranto steel plant in the south of Italy, the producer said on February 3.Rio Tinto...Read More
Hot-rolled coil prices in the United States have remained in the $57- to $58-per-hundredweight ($1,140- to $1,160-per-short-ton) range, with most market participants indicating that the market has not yet reached its tipping point.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $57.68 per cwt ($1,153.60 per ton) on Wednesday February 3, down by 0.22% from $57.81 per c...Read More
Domestic prices for hot-rolled coil across Europe were fairly stable over the week to Wednesday February 3, supported by good order books among EU steelmakers, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?710.00 ($855.54) per tonne on Wednesday, up by ?,?1.00 per tonne from ?,?709.00 per tonne on February 2.The ind...Read More
Prices for steel hollow sections in Europe remained unchanged this week after feedstock prices begin to plateau following a period of upward movement, sources told Fastmarkets on Wednesday February 3.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?850-870 ($1,022-1,046) per tonne on Wednesday, unchanged week on week.After weeks of increases for...Read More
Steel rebar prices in Northern Europe have declined slightly over the past seven days amid a slowdown in buying and a softer scrap market, sources told Fastmarkets on Wednesday February 3.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?640-660 ($771-795) per tonne on Wednesday, down by ?,?10 per tonne from ?,?650-670 per tonne sev...Read More
Domestic steel rebar prices in Southern Europe declined in the week to Wednesday February 3 under the pressure of slow buying activity and weaker scrap values, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?600-620 ($723-747) per tonne on Wednesday, down from ?,?610-635 per tonne last week.ItalyRebar...Read More
Turkish steelmakers continued to stay away from deep-sea scrap purchases on Wednesday February 3, expecting prices to fall again due to limited demand for rebar and steel billet, sources told Fastmarkets....Read More
The Japanese export scrap market has bounced off the floor to record higher prices over the past week following an effort from suppliers to resist new sales, sources told Fastmarkets on Wednesday February 3.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan, was ?36,000-38,000 ($343-362) per tonne on Wednesday, up by ?1,500-3,000 per tonne from ?33,000-36,500 per tonn...Read More
Iron ore prices edged up on Wednesday February 3, supported by an increase in inquiries from steel mills intending purchase, although trading activity was still limited, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $152.65 per tonne, up $2.85 per tonne62% Fe low-alumina fines, cfr Qingdao: $152.90 per tonne, up $2.53 per tonne58% Fe fines high-grade p...Read More
Chinese rebar buyers are stepping away from the market to start their holidays for Chinese New Year, leaving trading activity muted and the domestic price unchanged on Wednesday February 3. Domestic Eastern China (Shanghai): 4,280-4,300 yuan ($663-666) per tonne, unchanged Both end users and stockists have finished stocking up on inventory for consumption after the holiday that officially ends on...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday February 3. Key drivers European titanium scrap markets resumed price increases over the week on tightening supplies. Both low and high tin content turnings are particularly hard to source, with other feedstock to make ferro-titanium, such as vacuum-grade and sponge, also pushing higher as alternative feeds are sought.Scrap price g...Read More
Prices for steel hollow sections in Europe remained unchanged this week after feedstock prices begin to plateau following a period of upward movement, sources told Fastmarkets on Wednesday February 3.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?850-870 ($1,022-1,046) per tonne on Wednesday, unchanged week on week.After weeks of increases for...Read More
Turkey exported 5,451,349 tonnes of flat steel products in 2020, a decrease of 2.82% compared with 5,609,697 tonnes in 2019, according to the Turkish Statistical Institute (TUIK).The country exported 566,436 tonnes of flat steel in December 2020, a 121.59% increase year-on-year compared with the 465,853 tonnes exported in December 2019, the institute said in a recent statement.The main reason for...Read More
A summary of Glencore's 2020 full-year production report for the coal sector, released on Wednesday February 3, 2021.In brief In the second half of 2020, Glencore started various proactive market-related supply reductions in relation to coal production from Australia. The company has maintained its full-year 2021 guidance for coal production at 109-117 million tonnes, however, there will be cautio...Read More
A scheme in India to retire and tax older vehicles will increase the supply of scrap to its domestic market, if its implementation goes ahead after years of false starts, market sources told Fastmarkets.On January 25, the Union Minister for Road Transport and Highways, Nitin Gadkari, approved a proposal for a green tax on older vehicles and the scrapping of some vehicles, a government document sho...Read More
Here are five Fastmarkets stories you might have missed on Wednesday February 3 that are worth another look.ArcelorMittal Italia has resumed operations at blast furnace (BF) No2 and coke battery No9 at its Taranto steel plant in the south of Italy, the producer said on February 3.Rio Tinto...Read More
Hot-rolled coil prices in the United States have remained in the $57- to $58-per-hundredweight ($1,140- to $1,160-per-short-ton) range, with most market participants indicating that the market has not yet reached its tipping point.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $57.68 per cwt ($1,153.60 per ton) on Wednesday February 3, down by 0.22% from $57.81 per c...Read More
Treatment charges for both zinc and lead concentrates fell in the last week of January 2021, moving for the first time since November 27 last year, in Fastmarkets' latest assessments.Market sentiment played a large part in driving TCs lower, because even with most producers recovering from the effects of the Covid-19 pandemic on the mining of zinc and lead, significant tenders were concluded at sh...Read More
Prices for steel hollow sections in Europe remained unchanged this week after feedstock prices begin to plateau following a period of upward movement, sources told Fastmarkets on Wednesday February 3.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?850-870 ($1,022-1,046) per tonne on Wednesday, unchanged week on week.After weeks of increases for...Read More