The domestic steel wire rod market in Northern Europe was quiet in the week to Wednesday September 15, with buyers expecting prices to decline in line with weakening scrap values and lower-cost imports.Producers, however, were in no hurry to drop their offer prices, sources told Fastmarkets on Wednesday.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality) domestic, delivered Nort...Read More
German steelmakers have settled their monthly steel scrap contracts for September at lower prices, following the trend in international markets and due to the increased availability of some scrap grades in the local market, sources told Fastmarkets on Wednesday September 15.The fall in prices of new scrap grades, including E8 grade, was less pronounced due to the continued short supply of material...Read More
Domestic prices for hot-dipped galvanized coil declined across Europe in the week to Wednesday September 15 due to weaker demand from the automotive segment, sources told Fastmarkets.The European Union automotive industry is unlikely to use as many coil products as the market expected because car manufacturers are working at reduced rates due to the global shortage of semiconductor chips for onboa...Read More
Chinese battery materials producer Xiamen Tungsten New Energy Materials (XTC) has struck a deal with CNGR Advanced Materials Co for the supply of cobalt tetroxide and ternary precursor materials, XTC announced on Wedmesday September 15.Under the agreement, which runs from September 14, 2021, to December 31, 2023, CNGR is expected to supply to XTC with 20,000-25,000 tonnes per year of cobalt tetrox...Read More
Negative sentiment is prevailing among European buyers of hot-rolled coil, but mills managed to keep prices fairly stable in Italy and Northern Europe on Wednesday September 15, sources told Fastmarkets.Reduced demand from the automotive sector and cheap import material booked earlier this year that has arrived in the European Union and is awaiting customs clearance have been supporting the bearis...Read More
China's domestic spot market for high-carbon ferro-chrome went up in the week to Tuesday September 14, reflecting tight availability and an expectation of good consumer demand.Fastmarkets' weekly price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, rose by 100-200 yuan per tonne to 10,000-10,300 yuan ($1,553-1,599) per tonne on Tuesday, from 9,800-10,200 yuan per tonne previou...Read More
Negative sentiment is prevailing among European buyers of hot-rolled coil, but mills managed to keep prices fairly stable in Italy and Northern Europe on Wednesday September 15, sources told Fastmarkets.Reduced demand from the automotive sector and cheap import material booked earlier this year that has arrived in the European Union and is awaiting customs clearance have been supporting the bearis...Read More
Negative sentiment is prevailing among European buyers of hot-rolled coil, but mills managed to keep prices fairly stable in Italy and Northern Europe on Wednesday September 15, sources told Fastmarkets.Reduced demand from the automotive sector and cheap import material booked earlier this year that has arrived in the European Union and is awaiting customs clearance have been supporting the bearis...Read More
China's crude steel, hot metal, and finished steel production in August all fell by more than 10% year on year, according to data released by the country's National Bureau of Statistics (NBS) on Wednesday September 15.August outputCrude steel: 83.24 million tonnes, down by 13.2% from August 2020 and down by 4.1% from July 2021 Hot metal: 71.53 million tonnes, down by 11.1% year on year and down by...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 15 that are worth another look....Read More
China's domestic spot market for high-carbon ferro-chrome went up in the week to Tuesday September 14, reflecting tight availability and an expectation of good consumer demand.Fastmarkets' weekly price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, rose by 100-200 yuan per tonne to 10,000-10,300 yuan ($1,553-1,599) per tonne on Tuesday, from 9,800-10,200 yuan per tonne previou...Read More
Steel rebar prices in Southern Europe slipped again during the week to Wednesday September 15 amid slow trading activity and a downturn in scrap prices, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?745-775 ($880-916) per tonne on Wednesday, down by ?,?15 per tonne from ?,?760-790 per tonne last week.Ital...Read More
Iron ore prices went down again on Wednesday September 15 with concerns about further steel production restrictions depressing iron ore demand outlook, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $116.65 per tonne, down $5.02 per tonne62% Fe low-alumina fines, cfr Qingdao: $117.80 per tonne, down $4.83 per tonne58% Fe fines high-grade premium, cfr Qingdao: $88.53 per tonne...Read More
Domestic prices for hot-dipped galvanized coil declined across Europe in the week to Wednesday September 15 due to weaker demand from the automotive segment, sources told Fastmarkets.The European Union automotive industry is unlikely to use as many coil products as the market expected because car manufacturers are working at reduced rates due to the global shortage of semiconductor chips for onboa...Read More
Turkish steel producers have continued their deep-sea scrap bookings for October shipments at fairly stable prices, market participants told Fastmarkets on Wednesday September 15.A steel mill in the Marmara region booked a United States cargo, comprising 23,000 tonnes of HMS 1&2 (80:20) at $441.50 per tonne, 5,000 tonnes of shredded and 3,000 tonnes of plate and structural (P&S) at $456.50 per ton...Read More
The price of steel hollow sections in Europe remained flat in the week to Wednesday September 15, with trading activity slowing down ahead of the imminent renewal of quarterly European import quotas, sources have told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?1,400-1,430 ($1,654-1,689) per tonne on Wednesday, unchanged since...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 15 that are worth another look....Read More
Chinese heavy steel plate export prices edged up in the week to Tuesday September 14, despite only limited trading activity, possibly influenced by vessel shortages and higher freight fees, sources told Fastmarkets.Fastmarkets' price assessment for November-shipment steel heavy plate, export, fob China main port was $910-920 per tonne on Tuesday, up by $5-10 per tonne from a week earlier.Ying...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Alex Cook, Janie Davies...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 15 that are worth another look....Read More