Domestic rebar prices in Poland remained unchanged this week with market activity just beginning to recover after the seasonal summer slowdown, sources told Fastmarkets on Friday August 30. Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland, remained at 2,150-2,200 zloty ($542-555) per tonne on August 30. The assessment reflected the… Source…Details
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Leading Russian mining and metals companies Mechel PAO has signed a major contract for coke and coal supplies with the international trading company Steel Mont. According to the agreement, before the end of 2020 Mechel will supply Steel Mont with up to 700,000 tonnes of products, including up to 350,000 tonnes of metallurgical coke produced…Details
Key data from the pricing sessions in China, Asia, Europe and the United States for the week ending Friday August 30. Europe The high-carbon ferro-chrome market ticked down in response to business being reported at the lower end of the range and below. Some producers were aggressive in their offer prices to generate liquidity. At…Details
Deccan Herald reported that Steel Minister Dharmendra Pradhan has sought enhanced technology and investment support from Japan for the domestic steel sector. He discussed bolstering energy ties between the two oldest democracies in Asia and sought increasing role of Japanese technology and investments into the Indian steel sector. The meeting assumes significance as steel companies…Details
Currency exchange rates can make or break a steel trade, and with forex volatility in emerging markets expected to continue for the rest of the year, the Asian ferrous markets are likely to see more price fluctuations before the end of 2019. These five currency pairs should be on your watch-list for the significant influences…Details
Reuters reported that Britain announced GBP 390 million of spending for low carbon technology, most of which will go to the steel industry in a fund to help it reduce emissions. The announcement of GBP 250 million Clean Steel Funds was accompanied by a GBP 100 million fund to develop the production of hydrogen, which…Details
Ferrous scrap prices around the world fell over the week ended Friday August 30 on thin buying interest from end-users, which expected more price falls so were not eager to purchase materials. Ample supply damps prices More falls in export prices expected Prices plunge on thin buying interest Limited transactions on weak downstream demand. Turkey…Details
NLMK Group has placed an order with SMS group for the delivery of two gas recovery systems for its Lipetsk site. Steelmaking shop no 1, which has three 160 tonne converters, is to be equipped with a switch-over station, a gasholder with a capacity of around 60,000 cubic meters, and a gas transfer station. Steelmaking…Details
Another local metal manufacturing company will close due to the increased cost of steel tariffs, as well as other “crippling” business conditions, according to a filing with the Texas Workforce Commission. United Structures of America, a Houston metal fabrication and engineering company with facilities here and in Portland, Tenn. will cease operations. The company’s Houston…Details
European aluminium billet premiums on Friday August 30 traded at their lowest since late 2016 and early 2017, pressured by a sustained oversupply in the region. Oversupply, aggressive offers sink premiums in Europe. Brazilian billet premium falls on weak demand. US, Asian billet premiums steady. European premiums hit by sustained oversupply European billet premiums hit…Details
Sky News has learnt that Systra, which has been engaged in talks to buy TSP for three months, has clinched a deal to buy the business, along with its GBP 70 million plus pension liabilities. The agreement is expected to be announced by Systra and the Official Receiver, which has been managing British Steel since…Details
WASHINGTON — Chinese imports of steel trailer wheels, 12 to 16.5 inches in diameter, are causing material injury to U.S. steel trailer wheel makers, the U.S. International Trade Commission has determined. The ITC voted 5-0 Aug. 2 to make its final affirmative determination in the case, which began in August 2018 with petitions for relief…Details
An overview of the noble alloys markets and their latest price moves. Source of informationDetails