Domestic prices for hot-rolled coil in Northern Europe moved down over the week ended Friday April 24 due to limited demand and the bearish mood among buyers.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?443.13 ($479.42) per tonne on Friday, down by ?,?10.20 per tonne week on week and down by ?,?29.37 per tonne since the beginning of April.Official offers we...Read More
Turkish steelmakers have cut their capacity utilization rates to prevent the spread of Covid-19 among employees amid reduced demand for steel due to pandemic lockdown measures in the domestic and export markets.Several Turkish long steelmakers stopped production in March and April, and some of them have not yet resumed production.Maintenance breaks have reduced flat steel output in Turkey recently...Read More
Here are five Fastmarkets stories you might have missed on Monday April 27 that are worth another look.The Covid-19 pandemic has resulted in a shortage of ferrous scrap in many key supply locations, provoking a 21% rise in international scrap prices in just 12 days from April 3 to April 15. But despite this, domestic prices in many areas were settled lower in April's monthly negotiations.The Itali...Read More
Turkish steelmakers have cut their capacity utilization rates to prevent the spread of Covid-19 among employees amid reduced demand for steel due to pandemic lockdown measures in the domestic and export markets.Several Turkish long steelmakers stopped production in March and April, and some of them have not yet resumed production.Maintenance breaks have reduced flat steel output in Turkey recently...Read More
Trading activity in the export wire rod and rebar market in the Commonwealth of Independent States remained sluggish in the week to Monday April 27 due to the effects of lower oil prices and the global Covid-19 pandemic.Wire rod offers were largely unchanged over the week, varying within the range of $390-420 per tonne fob Black Sea depending on the supplier and destination.Ukraine-origin material...Read More
The Covid-19 pandemic has resulted in a shortage of ferrous scrap in many key supply locations, provoking a 21% rise in international scrap prices in just 12 days from April 3 to April 15. But despite this, domestic prices in many areas were settled lower in April's monthly negotiations.Prices on the international market have been on a rollercoaster ride over recent weeks.The price of steel scrap,...Read More
Turkish deep-sea scrap import prices dropped sharply at the start of the week on news of a fresh Baltic Sea cargo deal, sources told Fastmarkets on Monday April 27.A steel producer in the Marmara region booked a Baltic Sea cargo comprising 26,000 tonnes of HMS 1&2 (80:20) at $242 per tonne and 4,000 tonnes of bonus at $252 per tonne cfr.This compares with previous Baltic Sea deals done at $255-256...Read More
Turkish domestic scrap prices have increased over the past week amid limited supply, especially in the Marmara region, sources said on Monday April 27.At least two steel mills in the Marmara region have increased their buy prices for auto bundle scrap by 70-80 lira ($10-12) per tonne over the past week to be able to secure more material.Long and flat steel mill ??olakoglu increased its buy price f...Read More
Turkish steelmakers have cut their capacity utilization rates to prevent the spread of Covid-19 among employees amid reduced demand for steel due to pandemic lockdown measures in the domestic and export markets.Several Turkish long steelmakers stopped production in March and April, and some of them have not yet resumed production.Maintenance breaks have reduced flat steel output in Turkey recently...Read More
Successful trading in recent weeks spurred some CIS steel slab producers to increase their offer prices for foreign customers in late April.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $325-340 per tonne on Monday April 27, widening upward by $10 per tonne.Ukraine-origin slab was available in Italy and Turkey within the range of $360-365 per tonne cfr, which...Read More
Import prices for steel slab in Southeast Asia and East Asia remained flat over the past week due to a lack of trading activity amid the Covid-19 pandemic and the Islamic holy month of Ramadan. Fastmarkets' price assessment for steel slab imports, cfr Southeast Asia and East Asia, was $350-360 per tonne on Monday April 27, unchanged from a week earlier.Offers for CIS slab remained at $370-380 per...Read More
The low-grade seaborne manganese ore price in China rocketed by 32.1% week on week on Friday April 24 after some buyers accepted the first offer made since South Africa went into lockdown on March 26. Fastmarkets' manganese ore index 37% Mn, cif Tianjin soared by $1.65 to $6.79 per per dry metric tonne unit (dmtu) on Friday, hitting a new high since November 23, 2018, when the index was $6.84...Read More
The price spread for Europe-origin high-carbon ferro-chrome widened to $0.15 per lb in the week ended Friday April 24 with deals reported at higher prices after the rebound in the ferro-chrome and charge chrome benchmark price for shipments in the second quarter of the year.The gap between the highest and lowest reported deal prices was almost $0.20 per lb, with signs of firmer fundamentals encour...Read More
The Covid-19 pandemic has resulted in a shortage of ferrous scrap in many key supply locations, provoking a 21% rise in international scrap prices in just 12 days from April 3 to April 15. But despite this, domestic prices in many areas were settled lower in April's monthly negotiations.Prices on the international market have been on a rollercoaster ride over recent weeks.The price of steel scrap,...Read More
British carmaker Jaguar-Land Rover will gradually resume production at several production sites in the UK and Europe from May 18, the company announced late last week.The partial resumption of operations will begin with plants at Solihull in the UK, Nitra in Slovakia, and in Austria.Operations have been suspended across Europe since March 20 amid growing pressure to try to contain the spread of th...Read More
The Covid-19 pandemic has resulted in a shortage of ferrous scrap in many key supply locations, provoking a 21% rise in international scrap prices in just 12 days from April 3 to April 15. But despite this, domestic prices in many areas were settled lower in April's monthly negotiations.Prices on the international market have been on a rollercoaster ride over recent weeks.The price of steel scrap,...Read More
Turkish steelmakers have cut their capacity utilization rates to prevent the spread of Covid-19 among employees amid reduced demand for steel due to pandemic lockdown measures in the domestic and export markets.Several Turkish long steelmakers stopped production in March and April, and some of them have not yet resumed production.Maintenance breaks have reduced flat steel output in Turkey recently...Read More
Ferrous scrap imports to Vietnam rose by 64.8% year on year over the first three months of 2020, statistics from the country's customs bureau show.Total scrap imports reached 1.39 million tonnes in January-March 2020, up from 843,666 tonnes in the corresponding period of last year.Scrap imports from Japan saw the largest rise of any major seller to the country, soaring by 110.3% over the period to...Read More
Here are five Fastmarkets stories you might have missed on Monday April 27 that are worth another look.The Covid-19 pandemic has resulted in a shortage of ferrous scrap in many key supply locations, provoking a 21% rise in international scrap prices in just 12 days from April 3 to April 15. But despite this, domestic prices in many areas were settled lower in April's monthly negotiations.The Itali...Read More
First Quantum has cut its 2020 copper production guidance by 75,000 tonnes to 755,000-805,000 tonnes as a result of a reduction in production expectations at Cobre Panama due to the Covid-19 pandemic.This guidance range is dependent upon the Toronto, Canada-listed company receiving approval from Ministry of Health of the Republic of Panama (MINSA) to commence the restart of operations before or by...Read More