A delivery of over 100,000 tonnes of aluminium into warehouses across the London Metal Exchange network should be supportive of wider contangos and higher premiums, market participants told Fastmarkets.A total of 112,400 tonnes was delivered into LME warehouses across Asia on January 18. The biggest delivery was in Gwangyang, South Korea where 62,500 tonnes were delivered in. This is the first-tim...Read More
Holman Head retired from his role as president and chief operating officer of O'Neal Industries (ONI) at the end of September. He recalls the substantial growth of the business during his 40-year career with the company and discusses likely future trends with Fastmarkets' Bette Kovach.In reflecting on his 40-year career with ONI of Birmingham, Alabama, Head thought about all the changes that metal...Read More
LME base metals prices had a mixed start on the morning of January 18, despite positive economic data coming out of China, with copper and nickel rising but zinc falling, capped by a high US Dollar Index. Copper's three-month price on the London Metal Exchange was up by 0.5% to $7,990 per tonne on Monday at 9:30am, compared with Friday's 5pm closing price of $7,949 per tonne. Copper ...Read More
The base metals on the London Metal Exchange were mainly stronger this morning, Monday January 18, aided by some strong economic data in China, including gross domestic product (GDP) that showed growth of 6.5% year on year in the fourth quarter, which was stronger than the 6.2% expected and up from 4.9% in the third quarter. Metals prices firmer despite stronger US dollarBase metals Three-month ba...Read More
Steel tube and pipe producer Tenaris has signed a letter of intent to work with energy operator Edison and gas transmission network company Snam on trials of steelmaking with 'green' hydrogen at the Dalmine mill in Italy, the companies announced recently.The companies will collaborate to identify and implement the most suitable solutions for the production, distribution and use of green hydrogen a...Read More
European distributors of flat steel products have reported an 8.9% year-on-year rise in shipment volumes during November 2020, regional steel industry association Eurometal said on Monday January 18.Over the first 11 months of 2020, however, flat steel distributors' shipments dropped by 12.00% year-on-year.Eurometal did not disclose individual product volumes.Fastmarkets calculated its daily steel...Read More
The domestic price for hot-rolled coil in Northern Europe inched up day on day on Monday January 18 due to the reduced availability of material, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?721.25 ($870.86) per tonne on Monday January 18, up by ?,?5.25 per tonne day on day from ?,?716.00 per tonne on Friday.The index was...Read More
The European Commission has started an investigation review of existing anti-dumping measures for hot-rolled coil produced by Russian steelmaker Severstal. The investigation was opened after the European steel association lodged a request, according to a notice published in the Official Journal of the European Union on Monday January 18. In October 2017, the EC imposed fixed charges in the ra...Read More
Apparent steel consumption in Brazil grew by 30.2% year on year in December and finished the year up by 1.2% overall, the country's steel association, Instituto A??o Brasil, said on Monday January 18.According to A??o Brasil data, December consumption totaled 2.03 million tonnes, up from 1.56 million tonnes a year before.Flat-rolled steel demand reached 1.23 million tonnes in December, up 31.5% fr...Read More
The Turkish deep-sea scrap import market was quiet again on Monday January 18 following a sharp downturn in the prices, market sources said.On Friday, a steel mill in northern Turkey booked a Baltic Sea cargo at $460 per tonne cfr on an HMS 1&2 (80:20) basis, compared with a US cargo sold at $485 per tonne cfr for HMS 1&2 (90:10) and $492 per tonne...Read More
Turkish domestic prices for auto bundle steel scrap have gone down slightly over the past week, following the downturn in the deep-sea scrap import values, sources said on Monday January 18.Deep-sea scrap import prices went down sharply in a fresh Baltic Sea cargo deal at the end of the previous week.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, wa...Read More
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
Brazil's pig iron export market was subdued in the week to Friday January 15, but offer prices remained high, sources told Fastmarkets. Fastmarkets price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $555 per tonne on Friday, up from $520 per tonne a week earlier. ...Read More
Italian domestic steel scrap prices surged in the month to Friday January 15, supported by the global uptrend in December and the first half of January, sources told Fastmarkets. Fastmarkets assessed the monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy at ?,?325-360 ($392-435) per tonne on Friday, up by ?,?65-95 (or 30.5%) month on month from...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 Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies....Read More
The seaborne prices of both low and high-grade manganese ore rose but at a slower rate in the week to Friday January 15 following weakness emerging in the portside market, sources said.Fastmarkets' manganese ore index 37% Mn, cif Tianjin climbed up by 5 cents or 1.1% week on week to $4.58 per dry metric tonne unit (dmtu) on Friday from $4.53 per dmtu the previous week.Fastmarkets' manganese ore in...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More