Prices in the export market for steel slab from the Commonwealth of Independent States (CIS) have softened in mid-April, with demand limited in the major sales outlets by the effects of the Covid-19 pandemic, resulting in lower bids.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $305-320 per tonne on Tuesday April 14, widening downward by $10 per tonne.Offers...Read More
China's domestic rebar market was mixed on Wednesday April 15 amid fluctuating futures, with prices in the eastern region falling while those in the north picked up. Eastern China (Shanghai): 3,430-3,460 yuan ($486-490) per tonne, down by 40 yuan per tonneNorthern China (Beijing): 3,430-3,460 yuan per tonne, up by 20 yuan per tonne Spot prices in eastern China dropped after rebar futures fell...Read More
The Asian ferrous supply chain is emerging from a slowdown caused by the Covid-19 pandemic ahead of the rest of the world, with demand recovering quicker here than in other regions.Key markets for flat and semi-finished steel as well as ferrous scrap in Asia are seeing prices being supported.This is in line with projections made by the International Monetary Fund about how emerging and developing...Read More
Prices for hollow steel sections in Europe were unchanged this week because trading activity failed to revive after the Easter weekend break, sources told Fastmarkets on Wednesday April 15.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?590-610 ($646-668) per tonne on Wednesday, unchanged week on week.Last week, it was reported that mil...Read More
The Liberty Steel Group, part of the GFG Alliance, has formed a new board of directors with new chief executives appointed in the UK and United States to complete the consolidation of its global businesses, the company announced on Wednesday April 15. The appointment of the new global leadership team completes the final part of the consolidation, which began in October 2019, when the GFG Alliance...Read More
No market has been left untouched by the escalating coronavirus pandemic, but iron ore prices have proved relatively buoyant for the past two months compared with the price plunges we have seen in other commodities.While copper and aluminium prices fell to four-year lows, the iron ore benchmark only dipped to a three-month low. The iron ore benchmark first dipped to nearly $80 per tonne in the beg...Read More
The Asian ferrous supply chain is emerging from a slowdown caused by the Covid-19 pandemic ahead of the rest of the world, with demand recovering quicker here than in other regions.Key markets for flat and semi-finished steel as well as ferrous scrap in Asia are seeing prices being supported.This is in line with projections made by the International Monetary Fund about how emerging and developing...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 15 that are worth another look.No market has been left untouched by the escalating coronavirus pandemic, but iron ore prices have proved relatively buoyant for the past two months compared with the price plunges we have seen in other commodities.Industry association European Aluminium has launched a strategic plan to maximi...Read More
Domestic prices for heavy steel plate in Europe have been stable in a slow market, sources told Fastmarkets on Wednesday April 15.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Northern Europe, was unchanged over the week at ?,?500-510 ($548-559) per tonne on Wednesday. The assessment was based on a few transactions and offers heard in the market.The corresponding weekl...Read More
Domestic prices for hot-rolled coil in Northern Europe have moved down day on day due to slow market activity, sources told Fastmarkets on Wednesday April 15.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?463.33 ($507.56) per tonne on April 15, down by ?,?1.67 per tonne from ?,?465.00 per tonne on April 14.Wednesday's index was calculated based on deals, offe...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price assessments, please follow the links below: China - APT 88.5% WO3 min, fob main ports China, $/mtu WO3 Europe - APT 88.5% WO3 min Europe, cif Rot...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 15 that are worth another look.No market has been left untouched by the escalating coronavirus pandemic, but iron ore prices have proved relatively buoyant for the past two months compared with the price plunges we have seen in other commodities.Industry association European Aluminium has launched a strategic plan to maximi...Read More
When a tailings dam ruptured in the state of Minas Gerais in southeast Brazil last year, it was a harsh reminder for the mining sector that it needs to consistently operate within the parameters of strict controls and stay alert to potentially tragic risks.The disaster - at Vale's Feij??o mine in Brumadinho - led to the deaths of 270 people after the ruptured dam flooded a nearby community. Just o...Read More
The Liberty Steel Group, part of the GFG Alliance, has formed a new board of directors with new chief executives appointed in the UK and United States to complete the consolidation of its global businesses, the company announced on Wednesday April 15. The appointment of the new global leadership team completes the final part of the consolidation, which began in October 2019, when the GFG Alliance...Read More
No market has been left untouched by the escalating coronavirus pandemic, but iron ore prices have proved relatively buoyant for the past two months compared with the price plunges we have seen in other commodities.While copper and aluminium prices fell to four-year lows, the iron ore benchmark only dipped to a three-month low. The iron ore benchmark first dipped to nearly $80 per tonne in the beg...Read More
The Asian ferrous supply chain is emerging from a slowdown caused by the Covid-19 pandemic ahead of the rest of the world, with demand recovering quicker here than in other regions.Key markets for flat and semi-finished steel as well as ferrous scrap in Asia are seeing prices being supported.This is in line with projections made by the International Monetary Fund about how emerging and developing...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday April 15.Please click...Read More
The three-month tin price on the London Metal Exchange was the worst performer across afternoon trading on Wednesday April 15, dipping by just less than 2% and wiping out gains made earlier in the day, while aluminium futures held above nearby support despite continued inflows.Tin's outright price on the LME closed at $15,093 per tonne at the 5pm close, falling from an intraday high of $15,425 per...Read More
Copper cathode premiums in Asia continued to rise in the week to Tuesday April 14, with the prospect of a VAT cut in China leading to an increase in imports, while broadly weak demand and positive forward spreads kept premiums steady in Europe and the US. Chinese market eyes VAT reduction margin in premium riseStagnant demand hinders European spot businessUnited States looks ahead with market...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Average LME aluminium price down by 2.5% week on weekAlthough LME aluminium began this week on the rebound, prices extended their recent downtrend further last week, approaching the $1,400-per-tonne level. The weekly average LME aluminium cash price was down 2.5% last week to $1,432.50 per tonne from previous week's $1,469.6...Read More