Fastmarkets has corrected the pricing assessment for steel slab, export, fob ports Iran, which was published incorrectly on Wednesday September 29 due to a reporter error.The assessment range for steel slab, export, fob ports Iran was entered incorrectly as $672-782 per tonne, and has been corrected to $672-682 per tonne.Fastmarkets' price database has been updated to reflect the change.For m...Read More
Export slab prices from Iran continued to decrease in the week to Wednesday September 29 amid weakening customer markets.Southeast Asia and China are currently the main destinations for Iran-origin slab.Fastmarkets' daily steel hot-rolled coil index export, fob main port China, was $ 910 per tonne on September 29, unchanged day on day but down by $15 per tonne week on week.In such conditions...Read More
The Brazilian steel industry intends to contribute to a reduction in greenhouse-gas (GHG) emissions in order to lower the country's carbon footprint, the steelmakers' association, Instituto A??o Brasil, said on Wednesday September 29.The methods to cut emission will include developing a strong local carbon credit market and moving forward with higher scrap and charcoal usage, as well as improving...Read More
Nexa Resources has halted mining operations at the San Gerardo open-pit zinc-lead mine at its Atacocha project in Peru, after protesters began "illegally blocking public roads" in the Pasco region of the country, the company said this week. The company said that, despite the blockade in and around the mine by the local Joraoniyoc community, there had not been a material impact on production a...Read More
The Brazilian steel industry intends to contribute to a reduction in greenhouse-gas (GHG) emissions in order to lower the country's carbon footprint, the steelmakers' association, Instituto A??o Brasil, said on Wednesday September 29.The methods to cut emission will include developing a strong local carbon credit market and moving forward with higher scrap and charcoal usage, as well as improving...Read More
The price of steel hollow sections in Europe softened in the week to Wednesday September 29, ahead of the renewal of European Union import quotas, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic, delivered Northern Europe was ?,?1,300-1,330 ($1,519-1,554)per tonne on Wednesday September 29, down from ?,?1,350-1,400 per tonne on Wednesday September 2...Read More
Seaborne iron ore prices moved up slightly on Wednesday September 29 amid restocking activity by steel mills at Chinese ports, but liquidity thinned ahead of the week-long national holidays, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $114.13 per tonne, up $2.07 per tonne62% Fe low-alumina fines, cfr Qingdao: $115.02 per tonne, up $1.57 per tonne58% Fe fines high-grade prem...Read More
The opposing forces taking hold of prices in the iron ore and coking coal markets could spill over in the first quarter of 2022 due to their differing fundamentals and Chinese policy, according to market sources.Depressed iron ore vs bullish coking coalIron ore prices have been falling since early July due to cues from the Chinese government that crude steel production in 2021 should not exceed th...Read More
Steel rebar prices in Southern Europe continued to slide during the week to Wednesday September 29 amid slow buying activity, sources told Fastmarkets.Fastmarkets' assessment of steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?725-740 ($841-865) per tonne on Wednesday, down by ?,?5-30 per tonne from ?,?730-770 per tonne last week.ItalyRebar demand in Italy has been weak du...Read More
German steelmaker Thyssenkrupp has introduced carbon surcharges for steel products following anticipated changes in pricing methods in the European industry, market sources told Fastmarkets on Wednesday September 29.Thyssenkrupp's carbon surcharge for hot-rolled coil is ?,?22.78 ($26.62) per tonne, two German traders said. The company has also notified its customers that the current cost of e...Read More
Chinese copper smelters are looking to buy concentrates for the fourth quarter of this year, citing better availability of spot materials. China's Copper Smelters Purchase Team (CSPT) set the fourth-quarter base price for treatment and refining charges (TC/RCs) at $70 per tonne/ 7 cents per lb on Wednesday September 29, sources told Fastmarkets. The price floor...Read More
Aqua Metals is working to apply its lead recycling technology to the recycling of lithium-ion batteries and has established a research and development center in the United States for this purpose, the company said.According to Aqua Metals, which has developed technology for plating ultra-high purity lead, early-phase testing has shown it could apply its AquaRefining methodology to plating metals f...Read More
Spain-based ferro-alloys producer Ferroglobe has temporarily shut another furnace in the country due to expensive energy prices, according to reports and trade sources on Tuesday September 28.The company, which recently shut a silicon furnace at its Sab??n plant in Spain, has also idled a silico-manganese furnace at its Boo plant in Santander, on the northern coast of the country. Officials a...Read More
Japan's August production and sales of Toyota's new vehicles, including those of its subsidiaries Daihatsu and Hino Motors, fell on a monthly basis amid the severe shortage of semiconductor chips and raw materials, which have disrupted supply chains this year.Toyota's Japan August production of new vehicles fell by 39.3% and 11.4% on a monthly and yearly basis respectively, to 244,342 vehicles. To...Read More
Boliden has opened a new leaching plant that will extract metal from residual material at its R??nnsk??r copper smelter in Sweden,the company said on Tuesday September 28."Our aim is to extract as much metal as possible from our raw materials while ensuring the best achievable environmental and climate performance," Boliden Smelters president Daniel Peltonen said in a...Read More
Seaborne coking coal prices declined on Wednesday September 29 amid thin trading; premium hard coking coal prices in both the cfr and fob markets are relatively high, which depressed buying interest in the spot market, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $592.89 tonne, down $4.17 per tonneHard coking coal, cfr Jingtang: $534.86 per tonne, down $3.79...Read More
ArcelorMittal Belgium will build a 2.5 million-tonne-per-year direct reduced iron (DRI) plant and two electric furnaces (EAFs) at its Ghent site that will drive down its carbon emissions, it said.The steelmaker has signed a letter of intent with the governments of Belgium and Flanders, supporting the ?,?1.1 billion ($1.16 billion) project, it said on Tuesday September 28.This will reduce CO2 emiss...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday September 29.Key driversThe European ferro-titanium and titanium scrap markets were stable in the seven days to September 29, steady for a fourth consecutive week.Suppliers said there are buying inquiries but there have been no deals reported, and offer prices are on hold until renewed demand emerges from consumers in the...Read More
Hot-rolled coil prices in the United States consolidated around the $98-per-hundredweight ($1,960-per-short-ton) level on Wednesday September 29, though opinions diverged on whether the current pricing level can hold in the coming months.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $97.92 per cwt ($1,958.40 per short ton) on Wednesday, a decrease of 0.11% from $98....Read More
Japan's August production and sales of Toyota's new vehicles, including those of its subsidiaries Daihatsu and Hino Motors, fell on a monthly basis amid the severe shortage of semiconductor chips and raw materials, which have disrupted supply chains this year.Toyota's Japan August production of new vehicles fell by 39.3% and 11.4% on a monthly and yearly basis respectively, to 244,342 vehicles. To...Read More