Turkey's Ministry of Trade announced on Saturday January 9 the initiation of an anti-dumping investigation into imports of hot-rolled flat steel from the European Union and South Korea.The products under investigation are under HS codes 7208.10.00, 7208.25.00, 7208.26.00, 7208.27.00, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.00, 7208.40.00, 7208.52.10, 7208.52.99, 7208.53.10, 7208.53.90, 7208.54...Read More
In an era of historically low interest rates, investors are desperately looking for value. If current activity is anything to go by, they believe it lies in commodities.That is because prices of key commodities are steadily gaining; copper has hit eight-year highs above $8,000 per tonne, nickel is at six-and-half year highs near $18,000 per tonne, and iron ore prices are at levels last seen in 201...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:US flat product prices maintained momentum through November, with increases accelerating in early December in response to supply shortfalls, rising scrap prices, and improving demand.While we correctly forecast further pricing gains in November, actual prices surpasse...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Chinese domestic and export flat steel prices surged in November 2020, with the export hot-rolled coil index rising to $592 per tonne during the month from $519 per tonne previously, and the monthly average increasing by 7.5% over October.Economic activity in China continued to expand, with manufacturing output rising by 7.5...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:?EUR? Flat steel product prices in the United States moved largely in line with our expectations in October, although the increases slightly outpaced our projections. US hot-rolled coil prices averaged $655 per ton in October, exceeding our forecast price of $640 per...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Flat product prices in the US moved largely in line with our expectations in October, posting impressive gains across the product range, and slightly exceeding our forecasts for coil products.Domestic hot-rolled coil prices averaged $722 per tonne in October, exceeding our forecast of $705 per tonne forecast price.Although w...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Key ferro-alloy forecast highlights for the coming months:?EUR? A strong recovery in both bulk and noble alloys is expected in 2021 but the markets are unlikely to return to the levels seen before the outbreak of the Covid-19 pandemic. We have seen a quicker-than-expected recovery across various regions amid the economic fal...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Fastmarkets analysts were invited to present our outlook for the coking coal market at Coaltrans Asia, held online on November 23-25. One of the key topics at the event was the trade tensions between China and Australia, which overtook Mongolia to become the largest coking coal exporter to China this year...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Prices of stainless steel are generally set to reach highs for the year as 2020 comes to a close. For the most common nickel-containing grades of stainless steel, this upward trend is being driven above all by rising nickel prices, which themselves are hitting relatively high levels into the end of 2020.The price increases si...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While much commentary has been written about Asian economies performing far better than those elsewhere this year during the global Covid-19 pandemic, it is stainless steel markets in Europe and the United States that are ending the year in better shape than their Asian counterparts.We do not talk of demand levels or demand g...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While a world leader in many areas, the United States is a relatively small player when it comes to stainless steel. It produces a small amount of material, both in absolute and relative terms (i.e. compared to the size of its population), while a large share of its industry is in the hands of bigger European companies. Never...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
The zinc price was the hardest hit as most base metals finished below their psychological price levels on Friday January 15, with a high US dollar resulting in further signs of consolidation taking hold at the London Metals Exchange.Zinc's three-month price closed 2% lower on Friday at $2,699 per tonne, compared with Thursday's closing price of $2,757 per tonne, which was also a 0.6% decrease...Read More
Annual zinc ingot supply contracts in Northern Europe and Italy have been negotiated for 2021 at markedly lower premiums than in previous years. Deals for 2021 contracts have been reached with premiums on a duty-paid fca basis via Antwerp and Rotterdam at $95-110 per tonne level, sources told Fastmarkets, while some market participants said that anything above $105 per tonne was "unachievable" dur...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
Prices for molybdic oxide and ferro-molybdenum came under pressure from profit taking in the second half of the week ended Friday January 15, and gave up some of their recent gains following swift gains earlier in January. Fastmarkets' assessment for ferro-molybdenum 65% Mo min, in-whs Rotterdam fell slightly to $24.60-25.10 per kg on January 15, from $24.70-25.20 per kg two days earlier.Fast...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday January 15. China Domestic spot ferro-silicon prices resumed their upward trend, prompted by rising futures prices. The current level is the highest since December 2018.The most-actively traded May ferro-silicon futures contract price on the Zhengzhou Commodity Exchange closed at 7,930 yuan ($1,226)...Read More
Copper concentrate TC/RCs remained at low levels as of January 15, with smelters in China continuing to purchase available spot cargoes when offered, sources told Fastmarkets.Fastmarkets' copper concentrates TC index, cif Asia Pacific was $40.10 per tonne, down marginally from $40.30 per tonne a week ago.Deals to smelters were done at TC/RCs in the range of $44/4.4 cents -...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield...Read More