ArcelorMittal Kryvyi Rih, the major long steel producer in Ukraine, has called on the country's government to review its decision to impose an import tariff on rebar and wire rod steel imports from Belarus, referring to evidence of dumping.On December 6, 2019, the Interagency Commission on International Trade announced the results of an anti-dumping investigation into steel imports from Belarus an...Read More
Mexico's largest integrated steelmaker, Altos Hornos de M?(C)xico (Ahmsa), has shut down its blast furnace No6 in the country's northern city of Monclova due to the current market conditions, it has said."The company decided to adjust production to variations in demand, which has been weak since last year, and to pursue greater flexibility to respond to the expected positive changes in the market,...Read More
Turkish steel producers continued to hold back from the deep-sea scrap markets on the second day of the working week because of the soft rebar market and firm scrap prices, sources said on Tuesday January 14.The country's steel producers went through last week with only one deep-sea cargo bought, when a steel mill in the Marmara region booked a European cargo at an average price of $300 per tonne...Read More
Seaborne iron ore prices strengthened further on Tuesday January 14 amid continued appreciation of the yuan against the dollar and lower shipments from Australia and Brazil. 62% Fe fines, cfr Qingdao: $97.03 per tonne, up $1.10 per tonne. 62% Fe Pilbara Blend fines, cfr Qingdao: $96.07 per tonne, up $1.10 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $97.53 per tonne, up $1.33 per tonne. 58% F...Read More
Domestic and import prices for steel rebar and billet in the United Arab Emirates have decreased over the past week, while demand was moderate, market sources said on Tuesday January 14.Market participants in the UAE believed that any price changes will depend on raw materials costs, and that demand was unlikely to improve significantly because stock levels were sufficient for the time being.Local...Read More
Rebar prices in eastern China rebar continued to soften on Tuesday January 14 despite a pick-up in the futures market, with demand remaining persistently weak.Eastern China (Shanghai): 3,640-3,670 yuan ($528-532) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,540-3,560 yuan per tonne, unchangedRebar futures posted strong gains during the day amid optimism generated by the scheduled...Read More
Export steel slab prices from the Commonwealth of Independent States (CIS) rose by $15-20 per tonne in the first half of January 2020 on steady customer interest as well as a surge in the flat steel segment.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS was at $420-425 per tonne on Monday January 13, up by $15-20 per tonne from $405 per tonne fob a week earlier - a...Read More
China's Pangang Group has paused some vanadium pentoxide (V2O5) production at one of its three blast furnaces to conduct maintenance, a source at the company confirmed to Fastmarkets. The maintenance started last month and will last for 70 days, the source said. Around 1,000 tonnes of V2O5 will be taken out of production over this period at the company's Panzhihua production base. Pangang has two...Read More
Silicon and bulk alloys producer Ferroglobe has appointed Marco Levi as its chief executive officer, replacing Pedro Larrea, who leaves the company to seek new professional challenges, according to a company statement on Monday January 13. The new chief executive will be in charge of designing a new strategy that will lead the ferro-alloys maker, which has recently moved its headquarters to Madrid...Read More
Chinese auto output and sales continued to drop in 2019 despite recoveries in the second half of the year, the China Association of Automobile Manufacturers (CAAM) said.The country produced 25.721 million units of vehicles in 2019, down 7.5% from a year earlier, while sales fell 8.2% to 25.769 million units, CAAM reported on its official website on Monday January 13.China remains the world's large...Read More
The China Iron & Steel Association (Cisa) expects Chinese steel consumption to rise by 2% to 890 million tonnes in 2020 based on anticipated growth in the construction, home appliance and railway sectors, according to a report it released on Tuesday January 11.Cisa's forecast is more optimistic than that of the China Metallurgical Industry Planning...Read More
China's finished steel exports in December tumbled on a year-on-year basis despite being higher compared with a month earlier.For the whole of 2019, exports are also lower in comparison with 2018, according to...Read More
The China Iron & Steel Association (Cisa) expects Chinese steel consumption to rise by 2% to 890 million tonnes in 2020 based on anticipated growth in the construction, home appliance and railway sectors, according to a report it released on Tuesday January 11.Cisa's forecast is more optimistic than that of the China Metallurgical Industry Planning...Read More
Ukrainian steel billet producer Dneprovskiy Dzerzhinsky Metallurgical Plant (DMKD) has restarted its 900,000-tonnes-per-year No12 blast furnace at its steelmaking facility in the port city of Kamianske on the Dneiper river.Trial pig iron production was started at the end of 2019 and normal operations resumed on Saturday January 4, the company said on January 10. Currently, the daily...Read More
An effort by domestic steelmakers to increase flat-rolled steel prices since late October 2019 has revived the hot-rolled index from multi-year lows, but it is unlikely to help mills to regain the high margins they achieved in 2018, market participants and industry experts told Fastmarkets.Flat-rolled steel mills in the United States have announced five price increases on sheet products in the las...Read More
A summary of base metals premiums from across the globe for the week to Tuesday January 14.Click on...Read More
Given the right impetus, copper has the best long-term prospects among the base metals complex, which was exhibited by the red metal's price rally in December.Copper prices began to rise on the London Metal Exchange in the run-up to year-end 2019, responding to the first signs of a thaw in the protracted trade war between the United States and China.The copper LME official three-month contrac...Read More
Domestic prices for hot-rolled coil in Northern Europe remained largely unchanged on Tuesday January 14, but sentiment remains positive, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index domestic, ex-works Northern Europe, was at ?,?442.70 ($492.63) per tonne on Monday January 14, down by 23 cents from ?,?442.93 per tonne on January 13.The index...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday January 14 that are worth another look.ArcelorMittal Kryvyi Rih, the major long steel producer in Ukraine, has called on the country's government to review its decision to impose an import tariff on rebar and wire rod steel imports from Belarus, referring to evidence of dumping.Nizi International has closed its base metals tradi...Read More
Silicon and bulk alloys producer Ferroglobe has appointed Marco Levi as its chief executive officer, replacing Pedro Larrea, who leaves the company to seek new professional challenges, according to a company statement on Monday January 13. The new chief executive will be in charge of designing a new strategy that will lead the ferro-alloys maker, which has recently moved its headquarters to Madrid...Read More