Domestic price sentiment for hot-dipped galvanized coil (HDG) in Europe has continued to be negative in the week ended Thursday September 19 due to slow market activity, sources have told Fastmarkets. Fastmarkets’ weekly price assessment for steel HDG, domestic, exw Northern Europe, was unchanged over the week at €550-570 ($608-630) per tonne ex-works on September…
United States Steel Corporation has provided third quarter 2019 guidance. It said “We expect third quarter 2019 adjusted EBITDA to be approximately USD 115 million, which excludes approximately USD 53 million of estimated third quarter impacts from the December 24, 2018 fire at our Clairton coke making facility and estimated restructuring charges. We expect third…
Singapore — China's robust production of rebar and hot-rolled coil this year, despite weaker steel demand and prices, is an indication that overall output has become "irrational", market Source of information
Base metals ended flat to lower on the London Metal Exchange on Thursday September 19- tin closed below $17,000 per tonne and copper below $5,800 per tonne. The three-month tin price ended at $16,457 per tonne this afternoon, its weakest close since August 30 and down from an intraday high of $16,895 per tonne –…
POSCO announced that it will actively target the super alloy stainless steel market to make sulfur scrubbers ahead of next year, when tighter sulfur oxide emissions guidelines on ships come into effect. Through extensive research and development, POSCO has succeeded in mass-producing S31254, a high-alloy stainless steel developed for use in seawater. The steel contains…
A new report by BMO Global Commodities Research suggests that while overall Chinese trade is struggling — looking beyond headline figures, mining firms have few reasons to worry. US trade is in freefall and total Chinese imports may be down 5% compared to last year but, says BMO, imports of raw materials and ores “continue…
Ahead of Fastmarkets’ Battery Materials Europe conference in Amsterdam, we hosted a free web seminar to discuss recent market moves in the battery and EV sector, and what to expect over the coming months. If you missed it, follow the link below to listen to the free recording. What is driving the battery raw materials…
The Hindu Business Line reported that JSW Steel has cut its capital expenditure plans in the US by 60% to USD 400 million due to weak demand and a slowing economy. Mr Seshagiri Rao, Joint Managing Director, JSW Steel, told Business Line that “The company had already invested USD 250 million in restarting production at…
