Brazilian flat steel sales from distributors fell in November compared with the previous month due to limited supply from steelmakers but increased on an annual basis, according to national flat steel association Inda.Sales of flat steel products totaled 339,400 tonnes last month, down by 8.7% from 371,700 tonnes in October but up by 15.8% from 293,200 tonnes in November 2019, Inda said...Read More
Domestic prices for hot-rolled coil increased day on day in Northern Europe on Tuesday December 15 due to a materials shortage in the market, and steelmakers are preparing to announce higher offers soon, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?636.25 ($772.68) per tonne on December 15, up by ?,?12.92 per...Read More
Buyers of steel rebar in the United Arab Emirates expect new domestic prices to be announced this week with an increase of about 315-515 dirhams ($86-140) per tonne, sources told Fastmarkets on Tuesday December 15.Domestic rebarSince November, the country's steel producers have been offering rebar at 1,984,1,985 dirhams ($540) per tonne ex-works for orders to be produced in December. However, the...Read More
The export market for long steel products from the Commonwealth of Independent States (CIS) increased again during the week to Monday December 14 amid new sales and strong billet prices, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob Black Sea, CIS was $600-610 per tonne on Monday, up by 11% from $540-550 per tonne a week...Read More
A shortage of scrap has forced Riva Group to halt steel making operations at its Hennigsdorf site in Germany, several sources told Fastmarkets on December 15.The rebar and wire rod producer had to suspend operations at the Hennigsdorf site, in Brandenburg state in the north east of Germany, last week because it had run out of steel scrap, several sources told Fastmarkets."Riva's Hennigsdorf has no...Read More
Ferrous scrap prices in Mexico continued to increase in the week ended on Friday December 11 amid high demand from steel producers and a narrowing price gap between the north and central regions.At least two major steelmakers in the region near the country's northern Monterrey city announced increases in their scrap buying prices amid high competition to secure supply. A third steel producer...Read More
Domestic prices for ferrous scrap in Italy increased significantly in the month to Tuesday December 15, supported by the global uptrend as well as a material shortage in the domestic market, sources told Fastmarkets this week.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy was ?,?260-265 ($316-322) per tonne on December 15, up b...Read More
Domestic ferrous scrap prices in Germany increased significantly in the month to Tuesday December 15, following the trend in the international market and supported by limited supplies, sources told Fastmarkets.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany, was ?,?285-310 ($346-376) per tonne on December 15, up by ?,?240-245 p...Read More
Buyers of steel rebar in the United Arab Emirates expect new domestic prices to be announced this week with an increase of about 315-515 dirhams ($86-140) per tonne, sources told Fastmarkets on Tuesday December 15.Domestic rebarSince November, the country's steel producers have been offering rebar at 1,984,1,985 dirhams ($540) per tonne ex-works for orders to be produced in December. However, the...Read More
Offer prices for steel billet originating in the Commonwealth of Independent States continued to move up due to surging scrap costs and tight supply, while trading was quiet this week on offer-bid disparity, sources told Fastmarkets on Tuesday December 15. Offers for steel billet for February shipment from some Russian mills were heard within the range of $560-580 per tonne fob on Tuesday, with so...Read More
Stainless steel producer Outokumpu has upgraded its guidance for the fourth quarter of 2020 following better-than-expected sales, the Finnish company said on Tuesday December 15. With production facilities in Finland, Sweden, Germany, the UK, Mexico and the United States, and sales offices around the world, Outokumpu now expects its earnings before interest, taxes, depreciation, and amortization (...Read More
European ferro-silicon prices, which have been rallying since late October, will climb further near term and potentially challenge the annual peak of ?,?1,275 per tonne on tight supply both in Europe and non-EU countries and a gradual recovery in consumption, industry sources said.Fastmarkets last assessed the price for ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe at ?,?1,12...Read More
Stainless steel producer Outokumpu has upgraded its guidance for the fourth quarter of 2020 following better-than-expected sales, the Finnish company said on Tuesday December 15. With production facilities in Finland, Sweden, Germany, the UK, Mexico and the United States, and sales offices around the world, Outokumpu now expects its earnings before interest, taxes, depreciation, and amortization (...Read More
A shortage of scrap has forced Riva Group to halt steel making operations at its Hennigsdorf site in Germany, several sources told Fastmarkets on December 15.The rebar and wire rod producer had to suspend operations at the Hennigsdorf site, in Brandenburg state in the north east of Germany, last week because it had run out of steel scrap, several sources told Fastmarkets."Riva's Hennigsdorf has no...Read More
China's crude steel, hot metal and finished steel output continued to grow on a year-on-year basis in November, but fell month on month, according to data released by the country's National Bureau of Statistics on Tuesday December 15.November outputCrude steel: 87.66 million tonnes, up 8% from a year earlier, down 4.9% from OctoberHot metal: 72.01 million tonnes, up 4.7% year on year, down 5.5% mo...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 15 that are worth another look.Brazilian flat steel sales from distributors fell in November compared with the previous month due to limited supply from steelmakers but increased on an annual basis, according to national flat steel...Read More
A summary of base metals premiums from across the globe for the week to Tuesday December 15.Please click...Read More
Ferrous scrap prices in Mexico continued to increase in the week ended on Friday December 11 amid high demand from steel producers and a narrowing price gap between the north and central regions.At least two major steelmakers in the region near the country's northern Monterrey city announced increases in their scrap buying prices amid high competition to secure supply. A third steel producer...Read More
Brazilian flat steel sales from distributors fell in November compared with the previous month due to limited supply from steelmakers but increased on an annual basis, according to national flat steel association Inda.Sales of flat steel products totaled 339,400 tonnes last month, down by 8.7% from 371,700 tonnes in October but up by 15.8% from 293,200 tonnes in November 2019, Inda said...Read More
Here are five Fastmarkets stories you might have missed on Tuesday December 15 that are worth another look.Brazilian flat steel sales from distributors fell in November compared with the previous month due to limited supply from steelmakers but increased on an annual basis, according to national flat steel...Read More