European long steel makers who produce via electric-arc furnaces (EAF) have expressed growing concerns over rising energy costs, which could worsen ahead of higher demand in the winter, sources told Fastmarkets.One EAF mill source in Southern Europe said that on average, energy accounts for 15% of steel production costs."The latest energy price rises will add about ?,?40-50 ($46.8-58.6) per tonne...Read More
Turkish steel producers made no new deep-sea bookings on Monday September 27 due to weak finished steel demand, but a cargo deal from late last week came to light.A steel mill in the Marmara region booked a Baltic Sea cargo at $433 per tonne cfr for heavy melting scrap 1&2 (80:20) late on Friday September 24. The cargo breakdown was not clear at the time of publication.This cargo deal compares wit...Read More
Here are five Fastmarkets stories you might have missed on Monday September 27 that are worth another look.Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.For aluminium market participants...Read More
Rebar import prices in Singapore fell in the past week amid a surge in Covid-19 infections and volatile iron ore prices.Rebar offers from Turkey were made at $730-735 per tonne cfr Singapore during the week. Other Middle Eastern mills offered cargoes at $750-760 per tonne cfr Singapore."Rebar producers are not willing to sell below $730 per tonne cfr Singapore too much because the price spread [be...Read More
China's National Food & Strategic Reserves Administration will sell 30,000 tonnes of copper, 70,000 tonnes of aluminium and 50,000 tonnes of zinc in a fourth batch of sales to fabricators.These materials will be sold via a public auction on October 9, according to a notice from the administration published...Read More
Seaborne coking coal cfr prices decreased on Monday September 27 due to market participants' expectations of lower demand in the coming months.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $594.56 per tonne, down $6.26 per tonneHard coking coal, cfr Jingtang: $529.82 per tonne, down $45.41 per tonnePremium hard coking coal, fob DBCT: $406.07 per tonne, up $0.08 per tonneHard coking co...Read More
Silicon prices hit their highest-ever prices worldwide in the week to Friday September 24 on reduced supply, especially out of China - the biggest global supplier - where a power shortage is limiting production of all metals.Chinese silicon prices shot up by 65.2% in the week to Friday, following a 47% increase the week before. In the United States, silicon metal gained 12.3% in the week to Thursd...Read More
China's domestic rebar prices levelled out on Monday September 27 following futures gains and increased restocking demand.DomesticEastern China (Shanghai): 5,780-5,820 yuan ($894-900) per tonne, unchanged.A number of provinces are restricting the electricity supply to steel mills to reduce energy consumption and emissions, so market participants expect that steel output will keep dropping and pric...Read More
European producers have been more active with export offers of hot-rolled coil to Turkey in the second half of September in an attempt to keep domestic supply volumes under control, sources told Fastmarkets.Offers for commodity-grade November-shipment HRC from Northern European producers have been heard at $950-970 per tonne cfr Turkish ports. This is substantially lower than domestic prices in Eu...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt alloy...Read More
Spot zinc concentrate processing charges fell in the second half of September, with Chinese smelters stocking up for winter production and power curbs expected to limit smelting operations until early October.Fastmarkets assessed the zinc spot concentrate treatment charge, cif China at $75-88 per tonne on Friday September 24, narrowing downward by $4 from $75-92 per tonne two weeks prior. Prime br...Read More
Base metals prices were mainly lower on the London Metal Exchange and mixed on the Shanghai Futures Exchange on Monday September 27, while the broader markets looked more positive.Higher oil prices are adding to inflationary concerns......US 10-year treasuries yields rise to levels not seen since JulyBase metalsThree-month base metals prices on the LME were mainly weaker this morning, with the exc...Read More
Brazil's Usiminas is halting its No2 blast furnace at Ipatinga for another 90-150 days after an incident on Friday, the flat steel producer said on Monday September 27.The 660,000-tonnes-per-year furnace was only restarted in June after nearly 14 months out of action during the Covid-19 pandemic.Usiminas did not provide any further details of the incident, but confirmed that, depending on the natu...Read More
China's domestic rebar prices levelled out on Monday September 27 following futures gains and increased restocking demand.DomesticEastern China (Shanghai): 5,780-5,820 yuan ($894-900) per tonne, unchanged.A number of provinces are restricting the electricity supply to steel mills to reduce energy consumption and emissions, so market participants expect that steel output will keep dropping and pric...Read More
Here are five Fastmarkets stories you might have missed on Friday September 24 that are worth another look.Demand for steel, especially for flat products, in China could be hit by power supply constraints caused by the drive to reduce energy consumption and sustained coal shortages.Nyrstar,...Read More
Here are five Fastmarkets stories you might have missed on Friday September 24 that are worth another look.Demand for steel, especially for flat products, in China could be hit by power supply constraints caused by the drive to reduce energy consumption and sustained coal shortages.Nyrstar,...Read More
Here are five Fastmarkets stories you might have missed on Friday September 24 that are worth another look.Demand for steel, especially for flat products, in China could be hit by power supply constraints caused by the drive to reduce energy consumption and sustained coal shortages.Nyrstar,...Read More
Here are five Fastmarkets stories you might have missed on Friday September 24 that are worth another look.Demand for steel, especially for flat products, in China could be hit by power supply constraints caused by the drive to reduce energy consumption and sustained coal shortages.Nyrstar,...Read More
Base metals prices were mainly lower on the London Metal Exchange and mixed on the Shanghai Futures Exchange on Monday September 27, while the broader markets looked more positive.* Higher oil prices are adding to inflationary concerns...* ...US 10-year treasuries yields rise to levels not seen since JulyBase metalsThree-month base metals prices on the LME were mainly weaker this morning, with the...Read More
Here are five Fastmarkets stories you might have missed on Friday September 24 that are worth another look.Demand for steel, especially for flat products, in China could be hit by power supply constraints caused by the drive to reduce energy consumption and sustained coal shortages.Nyrstar,...Read More