Prices for certain imported flat steel products rose in the United States, with increasing domestic prices and tight supplies making shipments from abroad competitive when they were available, market participants said.Fastmarkets' price assessment for steel hot-rolled coil, import, ddp Houston rose to $620-650 per short ton ($31-32.50 per hundredweight) on Wednesday November 11, up by 2.4% from $5...Read More
Domestic prices for hot-rolled coil in Northern Europe increased again day on day on Thursday November 12, supported by tight supplies, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?525.00 ($618.95) per tonne on Thursday, up by ?,?0.50 per tonne from ?,?524.50 per tonne on Wednesday.The index was also up by ?,?13.66...Read More
Steel rebar prices remained stable in Egypt over the week to Thursday November 12 amid very weak demand, sources told Fastmarkets.Demand for rebar and billet has been slow in the country since the imposition of a construction ban on May 25, however, the rules of the ban were eased on September 29.Still, buying was weak...Read More
Turkish domestic long steel prices have gone down over the past week in line with the strengthening of the country's lira, sources said on Thursday November 12.The value of the Turkish currency rebounded sharply at the beginning of the week on news of the resignation of Turkey's economy minister and the replacement of the central bank's governor.Berat Albayrak, who is a son-in-low of national pres...Read More
Export prices for Turkish rebar and wire rod have continued to improve over the past week thanks to firm demand and increasing scrap costs, sources said on Thursday November 12.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $470-475 per tonne on Thursday, up from last week's $450-455 per tonne fob on an actual weight basis.The mills starte...Read More
Seaborne iron ore prices were down slightly on Thursday November 12 amid diminishing demand for steel reinforcing bar (rebar), sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $123.74 per tonne, down $0.82 per tonne62% Fe low-alumina fines, cfr Qingdao: $123.74 per tonne, down $1.26 per tonne58% Fe fines high-grade premium, cfr Qingdao: $114.41 per tonne, down $1 pe...Read More
Turkish domestic and import prices for steel billet have gone up over the past week on increasing scrap costs, sources said on Thursday November 12.The suppliers in the Commonwealth of Independent States (CIS) raised their billet offers to Turkish customers by around $5 per tonne to $435-440 per tonne cfr, while bids from...Read More
Fastmarkets reporters present the key themes and discussion points from the International Ferro-alloys Virtual Conference held on November 9-10.Strong recovery expected in 2021, but steel, ferro-alloys market unlikely return to pre-Covid levels Despite a quicker-than-expected recovery across certain regions following the economic fallout of the Covid-19 pandemic and expectations of a stronger reco...Read More
German steelmaker Salzgitter is to supply heavy steel plate for the Saint-Brieuc wind-power project off the French coast, the company said on Thursday November 12.Two subsidiaries of Salzgitter - Ilsenburger Grobblech and Salzgitter Mannesmann Grobblech - will deliver 50,000 tonnes of thermomechanically rolled plates for the offshore wind farm being built by Spanish group Navantia.The plate will b...Read More
A radical shake-up of the European Union's waste shipment regulations could lead to a total ban or the implementation of controls on scrap metal exports from the territory, Fastmarkets understands.The European Commission is reviewing EU rules on waste shipments to encourage more recycling within the EU and is exploring ways to reduce the exports of such materials.EU lawmakers have been m...Read More
Top executives of steelmakers in Latin America are "moderately optimistic" on fundamentals for the industry in 2021, with demand in the region showing a V-shaped recovery from the Covid-19 pandemic, though longer-term challenges could emerge.Executives were unanimous about the V-shaped economic recovery throughout the region during the 2020 edition of the Latin American Steel Association (Alacero)...Read More
China will set standards for the quality of steel rebar used for reinforcing concrete in the construction sector by 2022, according to a notice released by the Ministry of Industry & Information Technology (MIIT) on Saturday November 7.The standards for the product, which it describes as hot-rolled ribbed steel bar in Chinese, will be drawn up by China Metallurgical Information & Standardization I...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 12 that are worth another look.German steelmaker Salzgitter is to supply heavy steel plate for the Saint-Brieuc wind-power project off the French coast, the company said on November 12.Greenland-centerd commodity developer Bluejay Mining on...Read More
Prices for certain imported flat steel products rose in the United States, with increasing domestic prices and tight supplies making shipments from abroad competitive when they were available, market participants said.Fastmarkets' price assessment for steel hot-rolled coil, import, ddp Houston rose to $620-650 per short ton ($31-32.50 per hundredweight) on Wednesday November 11, up by 2.4% from $5...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Thursday November 12, with lead being the star performer and the rest of the complex showing smaller gains.The three-month price for the heavy metal showed a 1.3% increase from its closing price on Wednesday, to $1,899 per tonne on Thursday.Stock levels dipped by a further 300 tonnes on Thursday to 113,05...Read More
The London Metal Exchange's latest off-warrant stock data showed a net rise of 123,871 tonnes of material held outside the LME network over September, a rise of 7.3% from the prior month with aluminium stockpiles accounting for just under 87% of the total. Copper inventories made a marked descent after incremental rises over the summer. The data, released on Monday November 10, reported stock lev...Read More
Here are five Fastmarkets stories you might have missed on Thursday November 12 that are worth another look.German steelmaker Salzgitter is to supply heavy steel plate for the Saint-Brieuc wind-power project off the French coast, the company said on November 12.Greenland-centerd commodity developer Bluejay Mining on...Read More
Now is not the time for Freeport-McMoRan to be thinking about mergers and acquisitions, the mining company's chief executive officer says.According to Richard Adkerson, the company - which is just over half-way through a mega-project to transform its giant Grasberg copper-gold mine in Indonesia from an open-pit to an underground operation - is on the verge of creating huge shareholder value."I jus...Read More
Plans for a London Metal Exchange spot trading platform have sparked intense debate within the aluminium industry. But opponents and supporters don't necessarily fall into the camps that one might expect. For starters, a decision by the LME not to change its futures contract, establish a new green aluminium contract or set thresholds to define what constitutes low-carbon metal is proving key in st...Read More
Sometimes it is better to let a situation speak for itself. Alcoa, Rio Tinto Aluminium, Novelis, Constellium, Arconic, Kaiser Aluminum, Tri-Arrows Aluminum, American Metal Chemical Corp, Hydro Extrusion North America, JW Aluminum, Real Alloy, Reynolds Consumer Products, Scepter, Silberline Manufacturing Co, Smelter Service Corp and Wagstaff. The US Aluminum Association, which represents more than...Read More