Here are five Fastmarkets stories you might have missed on Thursday April 9 that are worth another look.South American flat steel import prices were mostly stable week on week as market liquidity dipped in the continent amid lockdowns and weakened demand due to the Covid-19 pandemic.The aerospace industry has been hit hard by the Covid-19 pandemic, with companies in the sector forced to take drast...Read More
Aluminium billet premiums across the globe declined on Thursday April 9, with the Covid-19 pandemic continuing to dampen downstream aluminium demand and prices across the supply chain.Fresh record lows in Germany, ItalyBrazil premium at 44-month lowAuto shutdowns pressure US marketNo spot business in Thailand Huge drops in EuropeLiquidity was minimal throughout Europe this week as the coronavirus...Read More
Fastmarkets' price assessment for the aluminium extrusion billet premium, cif Brazil was published later than scheduled on Thursday April 9 due to a technical error.Fastmarkets' price book and database have since been updated for the aluminium 6063 & 6060 extrusion billet premium,...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 9 that are worth another look.South American flat steel import prices were mostly stable week on week as market liquidity dipped in the continent amid lockdowns and weakened demand due to the Covid-19 pandemic.The aerospace industry has been hit hard by the Covid-19 pandemic, with companies in the sector forced to take drast...Read More
Fastmarkets' copper concentrates treatment charge and refining charge (TC/RC) index dropped below the annual benchmark level in a week characterized by force majeures and mines being put on care and maintenance. The index, which tracks spot market activity for Asia Pacific, stood at $60.10 per tonne/ 6.01 cents per lb on Friday April 9, down by 8.5% from $65.70 per tonne/ 6.57 cents per lb a week...Read More
Brazilian mining company Vale has decided to extend the care and maintenance period at its Voisey's Bay nickel mine, in northeast Canada, for up to three months to prevent the spread the Covid-19 coronavirus, the company said on Wednesday April 8.The Long Harbour Processing Plant in Newfoundland, Canada, however, will maintain activity using stockpiled nickel and cobalt concentrates, the miner sai...Read More
The Peruvian government has extended the national state of emergency by two weeks to April 26 in an attempt to contain the spread of the Covid-19 virus in the country. President Mart?-n Vizcarra announced the extension to the lockdown on Wednesday April 8. It was first declared on March 15. In Peru, 4,342 people had tested positive for Covid-19 by the time of publication, and 121 people have died...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 9 that are worth another look.South American flat steel import prices were mostly stable week on week as market liquidity dipped in the continent amid lockdowns and weakened demand due to the Covid-19 pandemic.The aerospace industry has been hit hard by the Covid-19 pandemic, with companies in the sector forced to take drast...Read More
Cobalt prices continued to drift lower over past week with buyers holding back from the spot market and stock levels sufficient to offset the initial impact of various supply-side cutbacks resulting from efforts to curb the Covid-19 pandemic. Fastmarkets' price assessment for cobalt alloy grade, in-whs Rotterdam stood at $16-16.50 per lb on Thursday April 9, unchanged from the previous day an...Read More
Prices for bulk cargoes of deep-sea ferrous scrap imported into Bangladesh increased by $10 per tonne over the week to Thursday April 9, with suppliers in the United States raising their offers in response to lower material availability.Bangladesh import prices were also raised by continued demand for steel scrap in the country, despite the nation's recently-imposed lockdown, with at least one ste...Read More
The price of ferrous scrap imported into India remained broadly stable this week with the country's Covid-19 lockdown continuing to keep trading at a standstill, but buoyed by increases in other global scrap markets, sources told Fastmarkets on Thursday April 9.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $245.19 per tonne on Thursday, little changed...Read More
The Turkish deep-sea scrap import markets have been silent since a sharp rebound earlier in the week, with supply tight due to the effects on work patterns of the Covid-19 pandemic, sources said on Thursday April 9.Scrap import prices have gone up strongly amid reduced availability of material in the deep-sea markets, caused by the closing of scrapyards especially in the UK and United States in at...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Thursday April 9, as were Asian-Pacific equity indices. Markets seem to be consolidating after a show of strength earlier in the week, which was fueled by reports that business activity was ramping up and some of the Covid-19 hotspots in Europe were showing some early signs of peaking. While the...Read More
Cobalt prices continued to drift lower over past week with buyers holding back from the spot market and stock levels sufficient to offset the initial impact of various supply-side cutbacks resulting from efforts to curb the Covid-19 pandemic. Fastmarkets' price assessment for cobalt alloy grade, in-whs Rotterdam stood at $16-16.50 per lb on Thursday April 9, unchanged from the previous day an...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 9 that are worth another look.South American flat steel import prices were mostly stable week on week as market liquidity dipped in the continent amid lockdowns and weakened demand due to the Covid-19 pandemic.The aerospace industry has been hit hard by the Covid-19 pandemic, with companies in the sector forced to take drast...Read More
South American flat steel import prices were mostly stable week on week as market liquidity dipped in the continent amid lockdowns and weakened demand due to the Covid-19 pandemic.Market participants were generally in the dark regarding feasible prices, as buyer interest had vanished. As with May-shipment volumes, sources said imports for June shipments could also be at least half the usual orders...Read More
Flat steel prices continued to decrease in Turkey during the week to Thursday April 9, with market demand very weak, Fastmarkets heard.Trading was scarce because of the falling prices and the general uncertainty in the world amid the Covid-19 pandemic, Turkish sources said.Several automakers in Turkey stopped production during March because of the pandemic.Turkish domestic scrap prices increa...Read More
Brazilian domestic steel prices, including coil and rebar, remained unchanged in April as companies withdrew from price increases because of the Covid-19 crisis.Fastmarkets' price assessment for steel hot-rolled coil, domestic, monthly, exw Brazil, remained at 2,636-2,655 Reais ($516-519) per tonne on Thursday April 9, unchanged from the previous month.The corresponding assessment on the same date...Read More
Some Italian steelmakers have started to resume operations with the Covid-19 lockdown in the country expected to end on Monday April 13.European steelmakers have been reducing output and temporarily idling equipment due to the poor demand resulting from lockdown orders and other quarantine measures implemented across the region with the intention of preventing the spread of Covid-19.Italian long s...Read More
Prices for steel rebar in Poland were stable this week, supported by good demand from end-users and a stronger Polish zloty, market sources told Fastmarkets on Thursday April 9.Demand this week from the construction sector, the key rebar consumer, was strong despite the approaching Easter holiday weekend."There were none of the usual slowdowns ahead of the Easter holiday this year," one trader tol...Read More