Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More

The pig iron import market in the United States was slow during the week to Friday July 16 because buyers held sufficient stocks and were waiting for prices to be reduced.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $625-645 per tonne on Friday, down from $650-655 per tonne a week before."Both Russia and Ukraine have unsold cargoes for August shipment and later....Read More

Inland dry ports will be constructed to facilitate bulk material transport and to improve air quality, according to a notice released by Handan Ecology and Environment Bureau (HEEB) on Monday July 19.HEEB released a notice on forwarding the Work Plan of Hebei province Atmospheric Pollution Control 2021, where the Leading Group of Hebei province Atmospheric Pollution Control proposed to construct i...Read More

Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More

Slab export prices from the Commonwealth of Independent States (CIS) continued to decline in the week to Monday July 19, amid falling finished flat steel values in the region's main destination markets.In Turkey, hot-rolled coil prices dropped in the week to Friday July 16 on low activity in the key export outlets for that product. Fastmarkets' weekly price assessment for steel HRC, export, f...Read More

Steel billet buyers across Asia are facing a raft of expensive offers following frenetic buying activity among Chinese customers last week, sources told Fastmarkets on Monday July 19.Buying prices for steel billet in China climbed throughout last week on expectations that many mills would need to reduce output in the second half of the year, because China's authorities were targeting 2021 steel pr...Read More

Several steelmakers in China stopped issuing export offers this week, while others sharply increased their offer prices to overseas buyers, suggesting that the Chinese government's desire to see production cuts is starting to have an impact.Steel mills, including Shandong Iron & Steel and Yingkou Medium Plate Co, have issued no export offers this week, with limited availability forcing them to pri...Read More

Coal exports from Australia's Queensland state fell 2% year on year in June, according to data from the North Queensland Bulk Ports Corp and Gladstone Ports Corp.Queensland, the country's metallurgical coal hub, exported 18.02 million tonnes of coal - including some thermal coal - in June, down from 18.43 million tonnes shipped in June 2020, according to the latest data from the two port operators...Read More

Brazilian steel producers have accepted a reduction of 10% in import duties, and agreed to avoid raising domestic prices further, according to the country's economy minister, Paulo Guedes.The government has been in talks with representatives of steel producers, the country's construction industry and other end users. They are discussing options to normalize supply of rebar and other steel products...Read More

Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More

The latest data for the global manganese ore market for the week ended July 19, 2021.Read More

Activity in the EU hot-rolled coil market in the week to Friday July 16 was low due to a seasonal demand slowdown and limited availability.Buyers were holding back from acquiring material due to the summer holiday slowdown and uncertainty about the price trend. Domestic prices have remained high despite a slight correction lower while buyers, who have sufficient stocks for a couple of months, pref...Read More

A combination of concerns over the spread of the delta variant of Covid-19, a sturdy dollar index and falling US equities triggered a sell-off in London Metal Exchange prices during the afternoon's trade on Monday July 19.Nickel's three-month price showed the biggest drop of the day, down by 3.2% at the close to $18,462 per tonne, from Friday's $19,070 per tonne price at the same time."Nickel pric...Read More

Here are five Fastmarkets stories you might have missed on Monday July 19 that are worth another look.European steel association Eurofer is demanding stronger carbon emissions measures to guarantee a balanced approach that will enable a decarbonization of the region's steel industry, it said on Thursday July 15.Read More

London Metal Exchange ring dealing members have a decision to make - whether to remain one or not.The LME has just announced it will reopen the open outcry trading floor, which was temporarily closed due to Covid-19, on September 6.Its plan, however, comes with a twist; some ring dealers say, a knife.The official prices - which the global trade and industry use as the global reference for physical...Read More

Technology entrepreneur Elon Musk once described the ongoing use of fossil fuels and their generation of a vast carbon footprint as "the dumbest experiment in human history."Not everyone will agree with his assessment of the petroleum, gas and coal sectors, which have powered the world's growth for decades. Nonetheless, the twin goals of supply chain security and sustainability are now driving a t...Read More

If we're going down into the teens for one last time, then...(by Half Dollar) We're close to finding out if I'll be right about my call.I will be the only person who will have been right about that, of course.If you need proof, just read my articles in chronological order starting from late January of this year.Regardless, let's take a moment to review current silver "market" conditions.Silver has...Read More

A combination of concerns over the spread of the delta variant of Covid-19, a sturdy dollar index and falling US equities triggered a sell-off in London Metal Exchange prices during the afternoon's trade on Monday July 19.Nickel's three-month price showed the biggest drop of the day, down by 3.2% at the close to $18,462 per tonne, from Friday's $19,070 per tonne price at the same time."Nickel pric...Read More

The London Metal Exchange launched new lithium and aluminium premium futures contracts on Monday July 19, which are cash-settled against Fastmarkets' assessments.The lithium contract will be cash-settled against Fastmarkets' price assessment for lithium hydroxide monohydrate, 56.5% LiOH.H2O min, battery grade, spot price, cif China, Japan & Korea. Fastmarkets' most recent assessment for this price...Read More

Iron ore prices eased on Monday July 19 amid weaker market sentiment caused by restrictions on sintering and emissions imposed on mills in the steelmaking hub of Tangshan, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $221.04 per tonne, down $0.39 per tonne62% Fe low-alumina fines, cfr Qingdao: $223.02 per tonne, down $0.37 per tonne58% Fe fines high-grade premium, cfr Qingd...Read More