Domestic ferrous scrap prices in Germany increased significantly in the month to Friday January 15, following and supported by the trend in the international market, sources told Fastmarkets. Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany was ?,?370-405 ($445-489) per tonne on January 15, up by ?,?85-95 from ?,?285-310 per ton...Read More
Export prices for steel slab from the Commonwealth of Independent States (CIS) decreased in the week to Monday January 18 because customers were not ready to accept the levels being asked by mills amid weakening prices for finished flat steel products.Fastmarkets' weekly price assessment for steel hot-rolled coil, import, cfr main port Turkey, was $730-800 per tonne on January 15, falling from $74...Read More
China's domestic rebar prices increased slightly on Monday January 18 following futures gains, although demand edged down. DomesticEastern China (Shanghai): 4,300-4,330 yuan ($663-668) per tonne, up by 20 yuan per tonneTwo cities and a district of another city in eastern China's Shandong Province suspended all construction activity over the past weekend to contain the spread of...Read More
China's crude steel output in 2020 exceeded 1 billion tonnes for the first time with an increase of 5.2%, according to data released by the country's National Bureau of Statistics on Monday January 18.2020 outputCrude steel: 1.05 billion tonnes, up 5.2% from 2019Hot metal: 887.52 million tonnes, up 4.3% year on yearFinished steel: 1.32 billion tonnes, up 7.7% year on yearDecember 2020 outputCrude...Read More
The European spot ferro-silicon price, which widened up to ?,?1,300-1,200 per tonne on Friday January 15, should now be supported against any prompt demand from steelmakers that have agreed their first-quarter delivery settlements, sources said this week.They told Fastmarkets that the last time the price was this high was in November 2018. The market should also get support from suppliers kee...Read More
Here are five Fastmarkets stories you might have missed on Monday January 18 that are worth another look.The prices of ferro-chrome imported into both Japan and South Korea have surprised the market by jumping to two-year highs because of a recent surge in spot prices in China, the largest importer of the...Read More
China's crude steel output in 2020 exceeded 1 billion tonnes for the first time with an increase of 5.2%, according to data released by the country's National Bureau of Statistics on Monday January 18.2020 outputCrude steel: 1.05 billion tonnes, up 5.2% from 2019Hot metal: 887.52 million tonnes, up 4.3% year on yearFinished steel: 1.32 billion tonnes, up 7.7% year on yearDecember 2020 outputCrude...Read More
Here are five Fastmarkets stories you might have missed on Monday January 18 that are worth another look.The prices of ferro-chrome imported into both Japan and South Korea have surprised the market by jumping to two-year highs because of a recent surge in spot prices in China, the largest importer of the...Read More
Export prices for steel slab from the Commonwealth of Independent States (CIS) decreased in the week to Monday January 18 because customers were not ready to accept the levels being asked by mills amid weakening prices for finished flat steel products.Fastmarkets' weekly price assessment for steel hot-rolled coil, import, cfr main port Turkey, was $730-800 per tonne on January 15, falling from $74...Read More
Prices for domestic steel hot-rolled coil increased in Europe in the week ended Friday January 15, due to limited availability of the material.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?716.00 ($864.56) per tonne on Friday, up by ?,?48.50 per tonne week on week and by ?,?79.75 per tonne month on month.The calculation of the index was based on...Read More
The London Metal Exchange aluminium forward price was dented by almost 1% by a sizeable delivery of material to registered warehouses, while tin recorded the biggest increase at the 5pm close on Monday January 18. Tin's three-month price was up 0.6% on Monday at 5pm to $21,245 per tonne. The metal has rebounded from this year's low of $20,525 per tonne on January 11, and is edging closer to the Ja...Read More
Here are five Fastmarkets stories you might have missed on Monday January 18 that are worth another look.The prices of ferro-chrome imported into both Japan and South Korea have surprised the market by jumping to two-year highs because of a recent surge in spot prices in China, the largest importer of the...Read More
After a rapid rise of domestic steel prices across Europe in the second half of 2020, market sources have been voicing concerns that the situation will echo the scenario in 2008 of a price spike quickly followed by a sharp fall. Fastmarkets takes a look at the differences and similarities in the market situations of 2008 and 2020. Domestic prices for both flat and long steel products increased dra...Read More
The London Metal Exchange aluminium forward price was dented by almost 1% by a sizeable delivery of material to registered warehouses, while tin recorded the biggest increase at the 5pm close on Monday January 18. Tin's three-month price was up 0.6% on Monday at 5pm to $21,245 per tonne. The metal has rebounded from this year's low of $20,525 per tonne on January 11, and is edging closer to the Ja...Read More
The seaborne fob market moved up slightly for premium hard coking coal prices on Monday January 18 on firm demand and a limited number of cargoes on offer in the market, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $124.15 per tonne, up $0.24 per tonnePremium hard coking coal, cfr Jingtang: $208.69 per tonne, unchangedHard coking coal, fob DBCT: $101.54 per tonne, unchangedH...Read More
Iron ore prices increased on Monday January 18, supported by a news of a record-high GDP in China for 2020 and supply concerns after a fire at Vale's Ponta da Madeira terminal in northern Brazil.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $174.07 per tonne, up $0.38 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.66 per tonne, up $0.53 per tonne58% Fe fines high-grade pr...Read More
The European spot ferro-silicon price, which widened up to ?,?1,300-1,200 per tonne on Friday January 15, should now be supported against any prompt demand from steelmakers that have agreed their first-quarter delivery settlements, sources said this week.They told Fastmarkets that the last time the price was this high was in November 2018. The market should also get support from suppliers kee...Read More
Mining at Vedanta Zinc International's South African zinc mine in Gamsberg has resumed after a two-month shutdown following a landfall at the project in November. Mining activity was stopped at Gamsberg on November 17 following the incident, which left 10 workers trapped in the landfall and one miner still missing. Vedanta, which acquired the Gamsberg mine in 2011 from Anglo American and operates...Read More
Treatment charges for spot market zinc concentrates were flat from one assessment to the next at low levels in the first half of January, with smelters and traders weighing seemingly limited short-term availability against expectations of a mined abundance later this year.Vedanta restarts mining at Gamsberg after fatal collapseTrevali to bring back Caribou after high price hedgesMiners offering bi...Read More
Britannia Global Markets' application to become a category 2 broking member of the London Metal Exchange has been approved by the exchange, its parent company said on Monday January 18.The admission will take place in the first week of February, according to Britannia Financial Group, which has several investment and banking arms including Britannia Global Markets.Britannia Global Markets was prev...Read More