The latest forecasts and analysis of the ferrous scrap and iron metallics market from the Fastmarkets research team are ready to be viewed.Stifled automotive output this year, driven by a supply shortage of semiconductor chips used in vehicles, has tightened prime scrap availability and widened the spreads between this grade of steelmaking raw material and obsolete scrap.While wide prime-over-obso...Read More
Chinese cobalt producer GEM Jiangsu has begun a 20-day production pause at its plant in Taizhou city, Jiangsu province in response to the "dual control" energy-consumption policy in the region, a company source told Fastmarkets on Friday September 17.Local authorities have instructed all manufacturers in Taizhou city and Xinghua city to halt production from September 17 to October 8to curb energy...Read More
Latin American steel association Alacero is concerned about a potential flood of Chinese and Turkish rebar in Colombia if a request to cut or eliminate import duties is granted amid recent increases in local capacity, it said on Monday September 20.Opening up the Colombian market to more imports was deemed unnecessary by Alacero, given current supply and demand fundamentals. Moreover, the associat...Read More
Treatment and refining charges (TC/RCs) for copper concentrates were stagnant in the week ended Friday September 17, with the spot market quietening ahead of the Mid-Autumn festival in China.Fastmarkets' copper concentrates TC/RC index, cif Asia Pacific was flat week on week at $60.1 per tonne, or 6.01 cents per pound."The Japanese are full,...Read More
European buyers of hot-rolled coil were holding back from making new deals on Monday September 20 on expectations of a price decline, sources have told Fastmarkets.Negative sentiment has been generated by reduced demand for flat steel from the automotive sector. European car manufacturers were unlikely to consume coil at the rate previously expected because of the global shortage of semiconductor...Read More
Weakening sentiment in the European hot-rolled coil market has been driven by reduced demand from the automotive sector and high volumes of imports awaiting customs clearance, sources said during the week to Friday September 17.European automotive manufacturers are unlikely to consume coil products at the rate previously expected due to the knock-on effects of the global shortage of semiconductor...Read More
Here are five Fastmarkets stories you might have missed on Friday September 17 that are worth another look.A dire shortage of truck drivers and rail cars and unforeseen levels of demand while businesses reopen from Covid-19 pandemic-related shutdowns are among the factors contributing to the current logistics woes in the United States that have sparked...Read More
Here are five Fastmarkets stories you might have missed on Monday September 20 that are worth another look.Latin American steel association Alacero is concerned about a potential flood of Chinese and Turkish rebar in Colombia if a request to cut or eliminate import duties is granted amid recent increases in local capacity, it said...Read More
Brazilian apparent steel consumption rose by 22.7% in August amid soaring imports of flat and long products, according to figures released by the country's steel institute, A??o Brasil.Apparent steel use reached 2.34 million tonnes last month, up from 1.91 million tonnes in August 2020, the institute said on Friday September 17.Flat steel consumption rose by 25.4% to 1.34 million tonnes, while lon...Read More
Turkish steel mills started the week in silence, with deals from the previous week just coming to light, market participants told Fastmarkets on Monday September 20.A shipment of United States-origin scrap was heard booked last Wednesday by a mill in the Iskenderun region, comprising unspecified volumes of HMS 1&2 (90:10) at $442...Read More
The International Aluminium Association (IAI) has released a new decarbonization dataset showing that carbon dioxide emissions from smelting could fall by nearly 90% from 2018 to 2050 if the industry aligns with sustainability targets.In addition, refining emissions could drop by almost half over the same period, it said.The sustainability goals are based on Beyond 2 ?C Scenario (B2DS) targets est...Read More
Iron ore prices moved down on Monday September 20, with Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao falling below $100 per tonne for the first time in 14 months.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $92.98 per tonne, down $8.97 per tonne62% Fe low-alumina fines, cfr Qingdao: $94.07 per tonne, down $9.88 per tonne58% Fe fines high-grade premium, cfr Qingdao: $64.73 pe...Read More
Here are five Fastmarkets stories you might have missed on Monday September 20 that are worth another look.Latin American steel association Alacero is concerned about a potential flood of Chinese and Turkish rebar in Colombia if a request to cut or eliminate import duties is granted amid recent increases in local capacity, it said...Read More
Spain-based ferro-alloys producer Ferroglobe is idling one of its silicon metal furnaces at its Sabon plant in Galicia because of high electricity prices, according to local trade union Confederaci??n Intersindical Galega (CIG).Ferroglobe has three furnaces at its Sabon plant, each with a nameplate annualized capacity of about 14,000 tonnes. Typical output is around 10,000 tonnes per year of a mix...Read More
Ferro-vanadium prices have been under pressure since August 18, Fastmarkets has heard, with traders taking profit and cutting their offers to encourage sales, which has led some producers to step out of the market.Now, in mid-September, some market participants expect prices to stabilize with more demand from steel mills in Europe, while others remained pessimistic due to current market headwinds...Read More
Here are five Fastmarkets stories you might have missed on Monday September 20 that are worth another look.Latin American steel association Alacero is concerned about a potential flood of Chinese and Turkish rebar in Colombia if a request to cut or eliminate import duties is granted amid recent increases in local capacity, it said...Read More
Base metal futures all closed in the red on Monday after fears over China's property building sector prompted a selloff in global financial markets.At the 5pm close on Monday, London Metal Exchange three-month copper futures were at $9,033 per tonne, down by $279 - or 3% - against Friday's end of market levels. Aluminium dropped the least of the complex, down by 0.77% at $2,863 per tonne.China's s...Read More
Here are five Fastmarkets stories you might have missed on Monday September 20 that are worth another look.Latin American steel association Alacero is concerned about a potential flood of Chinese and Turkish rebar in Colombia if a request to cut or eliminate import duties is granted amid recent increases in local capacity, it said...Read More
The latest data for the global manganese ore market for the week ended September 17, 2021.Read More
The International Aluminium Association (IAI) has released a new decarbonization dataset showing that carbon dioxide emissions from smelting could fall by nearly 90% from 2018 to 2050 if the industry aligns with sustainability targets.In addition, refining emissions could drop by almost half over the same period, it said.The sustainability goals are based on Beyond 2 ?C Scenario (B2DS) targets est...Read More