Here are five Fastmarkets stories you might have missed on Thursday March 5 that are worth another look.Ukrainian steelmaker Metinvest will increase its hot-rolled coil output once it finishes testing a new rolling line at its Ilyich Iron & Steel Works at Mariupol, chief executive officer Yuriy Ryzhenkov told Fastmarkets this week.China Zhongwang holdings - the largest aluminium extrusion company...Read More
Market participants expect to see a decline in the monthly tender price offered by major Chinese stainless mills for March delivery of domestic high-carbon ferro-chrome when the tenders are officially announced in the coming days. Fastmarkets examines the reasons behind this expectation and discusses how smelters might respond to the lower tenders.It is important to note that the tender prices ann...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 5 that are worth another look.Ukrainian steelmaker Metinvest will increase its hot-rolled coil output once it finishes testing a new rolling line at its Ilyich Iron & Steel Works at Mariupol, chief executive officer Yuriy Ryzhenkov told Fastmarkets this week.China Zhongwang holdings - the largest aluminium extrusion company...Read More
Turkish steel mills remained out of deep-sea markets on Thursday March 5, with no new bookings following a standoff between mills and suppliers, sources told Fastmarkets. Turkish steel mills continued to hold off on booking cargoes and sources told Fastmarkets they did not expect to hear any new deals this week. The current stalemate was because US suppliers were unwilling to drop their export pri...Read More
Broad-based government action to lower interest rates and make money available to the markets have helped underpin the financial system and confidence, and that has led to some risk-on in some sectors this morning, Thursday March 5. Following on from the United States Federal Reserve's emergency 50-basis-point rate cut on Tuesday, Wednesday saw the US House of Representatives approve an emergency...Read More
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range exw China, yuan/tonne. Fastmarkets lith...Read More
Weakness in cobalt metal prices along with growing concerns of disruptions to downstream battery operations in South Korea amid an outbreak of novel coronavirus (2019-nCoV) are weighing heavily on the Chinese cobalt sulfate market.Fastmarkets' price assessment for cobalt sulfate 20.5% Co basis, exw China was 53,000-55,000 yuan ($7,615-7,903) per tonne on Wednesday March 4, a drop of 2,000 yuan per...Read More
Here are five Fastmarkets stories you might have missed on Thursday March 5 that are worth another look.Ukrainian steelmaker Metinvest will increase its hot-rolled coil output once it finishes testing a new rolling line at its Ilyich Iron & Steel Works at Mariupol, chief executive officer Yuriy Ryzhenkov told Fastmarkets this week.China Zhongwang holdings - the largest aluminium extrusion company...Read More
Domestic prices for hot-rolled coil in Northern Europe have been stable, supported by a lack of competitive import offers and good order books at domestic steelmakers, market sources told Fastmarkets on Thursday March 5.Market sources believed that prices would remain stable at least during the coming week, although there were risks in the market related to effects of the outbreak of 2019-nCoV cor...Read More
A summary of the financial performance of Brazilian steel and iron-ore producer Companhia Sider??rgica Nacional (CSN) in the fourth-quarter and full-year 2019, as reported on Wednesday March 4.In brief CSN's slab output was significantly lower throughout 2019 while its blast furnace (BF) No3 was idled for revamp work over more than three months until late October. Steel sales volumes were down in...Read More
Spot prices for steel reinforcing bar in the United States have softened on reports of lower transaction prices while market sentiment has shifted into more neutral territory, Fastmarkets has learned. Fastmarkets assessed the price for steel reinforcing bar (rebar), fob mill US at $30.50-31.50 per hundredweight ($610-630 per short ton) on Wednesday March 4, down by 1.6% from $31-32 per cwt in the...Read More
Turkish rebar prices have decreased slightly over the past week, while demand for material was slow due to uncertainty about the stability of the market, sources said on Thursday March 5.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 3,150-3,180 Turkish lira ($516-521) per tonne on Thursday, down from 3,180-3,230 lira per tonne last week.The domes...Read More
The Turkish long steel export markets have been almost silent over the past week with limited demand in the major outlets, sources said on Thursday March 5.The steel mills in Turkey offered rebar for export at $435-445 per tonne fob on an actual weight basis, while bids for material were heard around $430 per tonne.There were no significant export sales heard.The Turkish market was slow because ma...Read More
Turkish steel mills remained out of deep-sea markets on Thursday March 5, with no new bookings following a standoff between mills and suppliers, sources told Fastmarkets. Turkish steel mills continued to hold off on booking cargoes and sources told Fastmarkets they did not expect to hear any new deals this week. The current stalemate was because US suppliers were unwilling to drop their export pri...Read More
A summary of the financial performance of Brazilian steel and iron-ore producer Companhia Sider??rgica Nacional (CSN) in the fourth-quarter and full-year 2019, as reported on Wednesday March 4.In brief CSN's slab output was significantly lower throughout 2019 while its blast furnace (BF) No3 was idled for revamp work over more than three months until late October. Steel sales volumes were down in...Read More
Seaborne iron ore prices rose on Thursday March 5 amid fresh concerns about Brazilian shipment volumes in the current quarter, with the traded price for the benchmark Brazilian low-alumina brand moving up during the day.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $92.57 per...Read More
Turkish steel billet import prices have decreased over the past week while demand has been low, sources said on Thursday March 5.The Turkish market was slow because market participants wanted to see the outcome of a meeting between Turkish President Recep Tayyip Erdogan and Russian President Vladimir Putin in Moscow on March 5.This meeting comes after at least 33 Turkish soldiers were killed on Fe...Read More
Prices in the CIS steel billet market softened in the first week of March because of the lack of trading activity.A number of market participants said that some CIS producers were ready to sell billet at $395 per tonne fob Black Sea, although indications of official offers were reported at $400 per tonne fob Black Sea during the week, compared with $400-410 per tonne fob a week earlier.One source...Read More
Prices for imported steel billet in Egypt decreased in the week ended Thursday March 5 with demand still weak, sources told Fastmarkets.Some Egyptian producers had increased their rebar prices on February 26, one day before Fastmarkets' price assessment.And they were still offering rebar on Thursday...Read More
Challenges to the Section 232 tariffs on steel and aluminium derivatives are proliferating at the Court of International Trade (CIT) since Chief Judge Timothy Stanceu granted temporary preliminary injunctions in two separate cases last month. By Tuesday March 3, nine complaints had been filed with the court against the new 232 tariffs on derivative products announced January 24.The chall...Read More