Hot-rolled coil prices in the United States rose slightly on Monday July 13 while demand remained flat and market participants shared mixed outlooks.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $23.58 per hundredweight ($471.60 per short ton) on Monday, a 1.4% increase from $23.25 per cwt on Friday July 10 but 2% lower than $24.06 per cwt a week earlier on July 6.I...Read More
Export prices for steel billet from the Commonwealth of Independent States (CIS) continued to rise over the week to Monday July 13, supported by a fresh sale and a positive mood in China.A cargo of Ukraine-origin wire rod-quality billet was reported sold to the Mediterranean Sea basin at $373 per tonne fob Black Sea late last week, Fastmarkets has learnt.The price for wire rod-quality material is...Read More
Key information from the pricing session for Fastmarkets' alumina index, fob Australia on Monday July 13. The index was calculated at $277.26 per tonne, up from $275.49 per tonne on Friday July 10 and at its highest since March 19. Key drivers: Multiple deals concluded after publication on Friday July 10 for September loading. The highest deal was concluded at $284 per tonne fob Western Aust...Read More
Here are five Fastmarkets stories you might have missed on Monday July 13 that are worth another look.Brazilian miner Vale has entered into a non-binding agreement with Japanese companies Kobe Steel and Mitsui to form a low-emission steel joint venture, it said in a filing to Brazil's securities commission CVM on July 13.Russian multi-metal miner Nornickel reported a second Arctic fuel spill durin...Read More
Europe's largest copper producer Aurubis has appointed Michael Hellemann to the senior vice president of commercial, the company said on Monday July 13.Hellemann's responsibilities will include developing and implementing raw material procurement in addition to sales and marketing.He will report directly in to Aurubis chief executive Roland Harings, who began his tenure just over a year ago. "We a...Read More
Key information from the pricing session for Fastmarkets' alumina index, fob Australia on Monday July 13. The index was calculated at $277.26 per tonne, up from $275.49 per tonne on Friday July 10 and at its highest since March 19. Key drivers: Multiple deals concluded after publication on Friday July 10 for September loading. The highest deal was concluded at $284 per tonne fob Western Aust...Read More
Seaborne premium hard coking coal prices edged downward on Monday July 13 on the influence of recent deals, but there was no activity in the market.Fastmarkets indicesPremium hard coking coal, fob DBCT: $112.49 per tonne, down by $0.54 per tonnePremium hard coking coal, cfr Jingtang: $123.11 per tonne, down by $1.69 per tonneHard coking coal, fob DBCT: $93.66 per tonne, down by $0.17 per tonneHard...Read More
The London Metal Exchange three-month copper price increased during morning trading on Monday July 13, up against further supply-related concerns from Chile, while the metal's forward curve held in backwardation amid strong buying momentum.Morning turnover in LME copper was over 17,000 lots on Monday and continues to climb since the European market began trading, with the red metal's outright pric...Read More
Domestic prices for steel hot-rolled coil moved up across Europe in the week ended Friday July 10, supported by the continuing lack of competitive import offers.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?404.00 ($456.48) per tonne on July 10, up by ?,?2.00 per tonne week on week and by ?,?6.08 per tonne month on month.Friday's index was base...Read More
Brazilian miner Vale has entered into a non-binding agreement with Japanese companies Kobe Steel and Mitsui to form a low-emission steel joint venture, it said in a filing to Brazil's securities commission CVM on Monday July 13.Vale will supply metallic and steelmaking solutions with low greenhouse gas emissions to both steelmakers, it added. The final approval for the new venture is subject to an...Read More
The London Metal Exchange three-month zinc price recorded its highest settlement price since January at the close on Monday July 13, rallying above nearby resistance despite well-supplied exchange stocks, while copper futures registered a standout turnover against the metal's continued price incline. LME zinc's outright price closed at $2,261.50 per tonne on Monday afternoon, climbing over 3% from...Read More
Europe's largest copper producer Aurubis has appointed Michael Hellemann to the senior vice president of commercial, the company said on Monday July 13.Hellemann's responsibilities will include developing and implementing raw material procurement in addition to sales and marketing.He will report directly in to Aurubis chief executive Roland Harings, who began his tenure just over a year ago. "We a...Read More
The Chinese alumina price rose to its highest level in four months on Thursday July 9, supported by a strong aluminium futures price on the Shanghai Futures Exchange. Fastmarkets' weekly assessment for alumina metallurgical grade, ddp China soared to 2,400-2,450 yuan ($343-350) per tonne on July 9, up by 100-120 yuan per tonne in a week from 2,300-2,330 yuan per tonne on July 2. The price is...Read More
Russian multi-metal miner Nornickel reported a second Arctic fuel spill during an aviation refueling exercise, the company said on Sunday July 12.Around 44.5 tonnes of fuel was lost at subsidiary Norilsktransgaz's pipeline in Tukhard, Krasnoyarsk, due to pipeline depressurization, which occurred at 11.15am on Sunday and lasted approximately 15 minutes, the company said.No casualties were repo...Read More
The Aluminum Stewardship Initiative (ASI) announced Aleris Aluminum Duffel, one of the largest rolling mills in Europe, has been awarded the ASI Chain of Custody certification as of July 13.The chain of custody certification is a further step in the plant's commitment to sustainable aluminium product production, Aleris said in an announcement on Monday. "This certificate - together with the A...Read More
The London Metal Exchange three-month copper price increased during morning trading on Monday July 13, up against further supply-related concerns from Chile, while the metal's forward curve held in backwardation amid strong buying momentum.Morning turnover in LME copper was over 17,000 lots on Monday and continues to climb since the European market began trading, with the red metal's outright pric...Read More
Steel plate prices in the United States held steady after declines in the previous two weeks, with buyers still satisfied that they do not need to commit to any major inventory replenishment.Demand for plate has suffered after the Covid-19 pandemic and other factors dealt a blow to end-market sectors in the second quarter. The advent of the third quarter has failed to bring succor so far, with fer...Read More
Domestic prices for hot-rolled coil in Northern Europe were largely stable day on day on Monday July 13, but prices were likely to move upward supported by the lack of competitive imports, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?403.13 ($453.24) per tonne on Monday, down by just ?,?0.87 per tonne from ?,?404.00 pe...Read More
The export price for CIS-origin steel slab surged in the week to Monday July 13 with customers in Europe accepting higher prices in their latest bookings. In addition, Chinese buyers also showed a readiness to pay higher prices amid stronger demand.Offers of CIS-origin slab were heard in Turkey and Europe within the range of $395-400 per tonne cfr last week, although some mills reported even highe...Read More
Domestic flat steel prices in Russia's Central Federal district around Moscow were broadly stable in the week to July 13 while market participants were skeptical about mills' attempts to increase prices, citing insufficient demand, sources told Fastmarkets on Monday.Buying activity in the sheet steel market in the region remained moderate over the assessment week, with prices being unchanged, sour...Read More