European market participants now question whether an expected domestic price rise for hot-rolled coil (HRC) will be seen, due to the emergence of competitive offers from India, sources told Fastmarkets on Wednesday September 4. Buyers had expected that transaction prices would move up in the first half of September, supported by a seasonal recovery in…
Korea Joon-gang Daily reported that POSCO and Hyundai Steel will not have to shut down their blast furnaces. A consultative body with members from the businesses, consumer groups and Ministry of Environment concluded Tuesday it was inevitable for steelmakers to open bleeder valves while operating their blast furnaces. If the body had concluded otherwise, the…
The price of mesh-quality steel wire rod in the Northern European domestic market decreased this week because of poor demand, sources told Fastmarkets on Wednesday September 4. Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was €470-500 ($515-548) per tonne on Wednesday, down by €10-15 per tonne. Underlying consumption of…
ArcelorMittal Kryvyi Rih announced that on September 3, 2019the Security Service of Ukraine again visited the company to inspect the coke production facilities. It said “11 SBU representatives were admitted to the enterprise, accompanied by specialists from the Main Department of Environmental Inspection and the State Food and Beverage Service in the Dnipropetrovsk Region and…
Magnitogorsk has been excluded from the list of cities with the most polluted air in 2018, according to a report by the Russian Ministry of Natural Resources and Environment. Thanks to MMK’s large-scale environmental programme, the Comprehensive Air-quality Index (CAI) indicator for the city will be reduced to a low level by 2025. The draft…
A glance through the latest expert views and predictions about commodities. Indonesia's nickel export ban; metallurgical coal; and iron ore. -Severe market tightness may not eventuate despite Indonesia's nickel ore export ban -China may no longer be the marginal setter of seaborne coking coal prices -Iron ore likely to remain in deficit over 2019 Nickel…
The price range for steel rebar in the domestic market in Southern Europe widened downward this week with decreasing ferrous scrap prices and falling demand for exports from customers in Northern Europe, sources told Fastmarkets on Wednesday September 4. Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was €460-485 ($504-531)…
Tata Steel UK will supply high frequency induction line pipe for a gas condensate field in the UK central North Sea. The company will manufacture more than 55 km (34 mi) of 18-in. carrier pipe for a pipe-in-pipe system on the field at its 20-in. mill in Hartlepool, northeast England. Barry Rust, Marketing Manager, Energy…