The European Commission will consider early next year whether to add cadmium to the European Union's critical raw materials list, with the aim of encouraging production and recycling of this metal widely used in batteries, and hence potentially helping the EU economy move away from fossil fuels. Such a listing is designed to incentivize European production of a critical raw material that is in sho...Read More
South America caught up with the global steel price upturn in the week ended Friday November 22, with new formal import offers being made and some deals reported at prices at least $10 per tonne higher than the previous week.The sudden scarcity of offers from South Korea, India and the Commonwealth of Independent States (CIS), which had been low-cost suppliers for December shipments, was also prov...Read More
Turkish flat steel producers increased their prices again during the week ended Friday November 22 on increasing raw material costs, with demand strong because of low stock levels and the expectation that prices will increase more.Raw material prices, especially those for scrap, have increased recently.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $264.2...Read More
Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil, or pre-painted galvanized iron (PPGI), increased in the week to Friday November 22, with demand improving because of low stocks and the expectation that prices will rise further, sources told Fastmarkets.A rise in raw materials prices was the reason for the higher steel prices, they added.Fastmarkets' daily index for steel...Read More
Domestic rebar prices in Poland have risen over the past week, following an increase in domestic scrap prices in Europe, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, ex-works Poland, was 2,000-2,050 zloty ($515-528) per tonne on November 22 compared...Read More
Eastern China's rebar prices dropped slightly on Friday November 22 - the first downward movement in 10 days - amid concerns over high production rates, though futures picked up. Eastern China (Shanghai): 4,070-4,100 yuan ($579-583) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,780-3,820 yuan per tonne, up 20-30 yuan per tonneTraders in eastern China cut prices slightly to genera...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, beams and other long steel products.Latest transaction: rebarRebar East China, domestic, grade...Read More
UK alloy steel scrap prices remained largely unchanged over the past seven days following a significant drop last week, sources told Fastmarkets on Friday November 22.Fastmarkets' price assessment for stainless steel scrap 316 solids domestic, delivered merchants UK, was ?1,170-1,230 ($1,512-1,590) per tonne on November 22, compared with ?1,170-1,250 per tonne delivered a...Read More
Global scrap prices remained relatively stable due to a lull in trading during the working week ended Friday November 22, with the exceptions of the Indian market, which dipped, and Taiwan, where prices rose.Turkish steel mills slow pace of buying but prices hold steadyUS prices steady on pause in export activityIndian market dips on buying jittersPrices unchanged in VietnamTaiwan prices up on sol...Read More
The inter-merchant spot price for light iron scrap in the UK was stable in the week ended Friday November 22, with steady demand into domestic major shredders and solid business levels into Turkey from Europe cementing British prices, trade sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was unchanged at ?7...Read More
Brazilian slab export prices have recovered in the past week, following the upward trend in the scrap and coil global markets, while mills focus on negotiations with North American customers for first- and second-quarter deliveries.Fastmarkets' assessment of steel slab export, fob main port Brazil, rose to $355-380 per tonne on Friday November 22, from $345-355 per tonne a week earlier.The latest...Read More
Prices in Southeast Asia's steel billet market rose in the week to Friday November 22 as Chinese buyers continued to snap up material in the spot market, sources told Fastmarkets.Over the past week, a Chinese trader reportedly booked 50,000 tonnes of Qatari billet at $418-425 per tonne cfr China, while Iranian billet was offered at $405-410 per tonne cfr China. Billet prices in Jiangsu province, a...Read More
Eastern China's rebar prices dropped slightly on Friday November 22 - the first downward movement in 10 days - amid concerns over high production rates, though futures picked up. Eastern China (Shanghai): 4,070-4,100 yuan ($579-583) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,780-3,820 yuan per tonne, up 20-30 yuan per tonneTraders in eastern China cut prices slightly to genera...Read More
Stainless steel prices in the European domestic market have been stable over the past week, with market participants waiting for mills to announce their December surcharges, sources told Fastmarkets on Friday November 22.Finnish stainless steel producer Outokumpu announced this week that its alloy surcharge for grade-304 flat products will be ?,?1,608 ($1,780) per tonne for December, down by&...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 22. China The domestic Chinese ferro-silicon price remained unchanged after producers refused to lower offer prices despite slow trades. Export price was also steady on firm offer prices from major suppliers, but persistent weak demand has resulted in some lower offers among tra...Read More
Diplomats at the World Trade Organisation's goods council have attacked the European Union over its plans to integrate titanium dioxide and cobalt into its health and safety laws, claiming this could impose unnecessary restrictions on exporting certain stainless steels to the EU.The European Parliament is considering regulating these steel inputs under its classification, labeling and packaging of...Read More
Diplomats at the World Trade Organisation's goods council have attacked the European Union over its plans to integrate titanium dioxide and cobalt into its health and safety laws, claiming this could impose unnecessary restrictions on exporting certain stainless steels to the EU.The European Parliament is considering regulating these steel inputs under its classification, labeling and packaging of...Read More
Steelmaking in electric arc furnaces (EAF) is already a good example of a waste-free circular economy since more than half of global steel output is being recycled, even if higher-quality materials are still produced from virgin materials and fossil-fueled processes, the president of the European Steel Technology Platform (ESTEP) said at a workshop in Bergamo, northern Italy last week. Carl de Mar...Read More
An overview of the battery raw materials markets and their latest price moves from the past week.Read More
Stainless steel prices in the European domestic market have been stable over the past week, with market participants waiting for mills to announce their December surcharges, sources told Fastmarkets on Friday November 22.Finnish stainless steel producer Outokumpu announced this week that its alloy surcharge for grade-304 flat products will be ?,?1,608 ($1,780) per tonne for December, down by&...Read More