Steel rebar prices have been broadly stable in Southern Europe over the past week despite a slowdown in market activity.But producers continue to mull another price increase before Christmas, source told Fastmarkets on Wednesday November 17.Fastmarkets' assessment of the price of steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?770-790 ($874-897) per tonne on Wednesday, wi...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Alex Cook in...Read More
Regional cooperation, public planning and funding capacity for new technologies will be key for the Latin American steel industry to deliver reduced greenhouse gas (GHG) emissions in the long term, top executives and experts said in an event on Wednesday November 17.Steel companies have accepted the need to change their production models, but several challenges are in the way of reducing the indus...Read More
London Metal Exchange base metals prices mostly softened on the morning of Wednesday November 17 apart from those for aluminium and nickel, with the US Dollar Index rising to new heights. The US Dollar Index rose to 96.27 during early trading, its highest since July 2020. The three-month copper price was at $9,493.50 per tonne at 9am on Wednesday, down by 0.7% from its closing price of $9,561 per...Read More
Regional cooperation, public planning and funding capacity for new technologies will be key for the Latin American steel industry to deliver reduced greenhouse gas (GHG) emissions in the long term, top executives and experts said in an event on Wednesday November 17.Steel companies have accepted the need to change their production models, but several challenges are in the way of reducing the indus...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday November 17.Key drivers European ferro-titanium spot prices were unchanged for the fifth week in a row after a tender for annual delivery in 2022 from Korean steel major Posco was settled in the current spot price range, according to sources. There were no reported spot trades over the week to Wednesday November 17. Ferro-titanium s...Read More
The United States ferrous scrap export market remains on an even, if somewhat subdued, keel in the wake of three US cargoes reportedly sold to Turkey at stable prices.A mixed deep-sea cargo priced at $523 per tonne cfr comprising a 90:10 mix of No1 and No2 heavy melting scrap and bonus-grade material was heard offered to a Turkish mill out of Houston on Wednesday November 17. It is understood that...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More
Spot prices for hot-rolled coil in China inched lower on Wednesday November 17 after a small rally in the futures market failed to provide sufficient upward momentum to the spot market.DomesticEastern China (Shanghai): 4,680-4,740 yuan ($734-743) per tonne, down by 10-40 yuan per tonneThe most-traded HRC contract the Shanghai Futures Exchange rose on Wednesday, snapping three consecutive trading d...Read More
Exports of finished steel from the Association of Southeast Asian Nations (Asean) rose by 20.4% year-on-year in January-June 2021 amid rising demand in both Asia and Europe, according to the latest statistics from the South East Asia Iron & Steel Institute (Seaisi).Both long and flat steel exports flourished in the first half of the year, against a backdrop of rising prices and improved demand in...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 17 that are worth another look.Regional cooperation, public planning and funding capacity for new technologies will be key for the Latin American steel industry to deliver reduced greenhouse gas (GHG) emissions in the long term, top executives and experts...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday November 17.Key drivers European ferro-titanium spot prices were unchanged for the fifth week in a row after a tender for annual delivery in 2022 from Korean steel major Posco was settled in the current spot price range, according to sources. There were no reported spot trades over the week to Wednesday November 17. Ferro-titanium s...Read More
Aluminium market participants in Europe have reported growing concerns over the possible implications for the production of secondary aluminium ingot DIN226 after a recent fire at the Befesa salt slag treatment plant in Hanover, Germany, on November 5.A fire broke out at the plant in Brinker Hafen on that date, and was reported to have caused millions of euros-worth of damage."We are working acros...Read More
Rio Tinto is to add capacity at its AP60 aluminium smelter in Quebec, increasing output by 45% in the first major investment in Canada's smelting production hub in a decade, the company said.The mining company plans to spend $87 million to increase its low-carbon aluminium production at the smelter by adding 16 new smelting cells, boosting annual production by 26,500 tonnes to 86,500 tonnes.The ne...Read More
Turkish steel mills remained quiet in deep-sea scrap import markets amid a depreciation of the country's currency and limited demand for finished long steel product, sources told Fastmarkets on Wednesday November 17.Mills booked three deep-sea cargoes for December shipment at the beginning of the week.A steel mill in the Marmara region booked a United Kingdom cargo at $490 per tonne and a Baltic S...Read More
The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade 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 hydroxide p...Read More
Here are five Fastmarkets stories you might have missed on Wednesday November 17 that are worth another look.Regional cooperation, public planning and funding capacity for new technologies will be key for the Latin American steel industry to deliver reduced greenhouse gas (GHG) emissions in the long term, top executives and experts...Read More
European domestic prices for heavy steel plate moved upward slightly in the week to Wednesday November 17, supported by healthy demand, sources have told Fastmarkets.Some Italian re-rollers said that prices would continue to increase due to an expected steel slab price rise. Buyers, however, questioned the validity of such claims.At the beginning of November, domestic plate prices had already jump...Read More
Base metals futures on the London Metal Exchange were largely lower at the 5pm close on Wednesday November 17, succumbing to a strong US dollar index and other headwinds.The US dollar index remained at its highest since July 2020, touching 96.27 during early trading before stepping back to 95.83 at the close."It seems that the upside momentum has stalled in several markets over the last 24 ho...Read More