Latest Steel news
MORNING VIEW: Base metals prices consolidate after Thursday’s dip-buying
Fri, 25 Sep 2020 06:50:00 GMT
Base metals prices on the London Metal Exchange were mixed but little changed this morning, Friday September 25, this after once again running into dip-buying on Thursday.
IN CASE YOU MISSED IT: 5 key stories from September 24
Fri, 25 Sep 2020 00:05:00 GMT
Here are five Fastmarkets stories you might have missed on Thursday September 24 that are worth another look.
Brazil steel scrap exports to fall further on domestic strength, Inesfa says
Thu, 24 Sep 2020 19:08:00 GMT
Brazilian ferrous scrap association Inesfa expects further decreases in export volumes from the levels seen in August, with demand rising among local steelmakers amid a heated steel market, the group’s president, Clineu Alvarenga, said on Wednesday September 23.
LIVE FUTURES REPORT 24/09: Base metals trend lower; tin loses 1.3%
Thu, 24 Sep 2020 18:46:00 GMT
London Metal Exchange three-month base metals prices continued to trend lower through Thursday September 24, with dip buying across the complex failing to stall the decreases.
Market experts see Tesla’s battery day announcements bullish for lithium
Thu, 24 Sep 2020 18:43:00 GMT
Lithium market participants and observers have generally reacted positively to US electric vehicle maker Tesla’s recent announcements because they support the view that demand for the metal is likely to soar in the medium term, sources have said.
Klöckner upgrades Q3, full-year outlook on steel market recovery
Thu, 24 Sep 2020 17:32:00 GMT
German metals distributor Klöckner & Co has upgraded its originally negative earnings forecasts for both the third quarter and the full year of 2020 due to the steel market’s recovery from the effects of Covid-19, the company said on Thursday September 24.
Aluminium Rheinfelden applies for protection from bankruptcy
Thu, 24 Sep 2020 15:10:00 GMT
Germany-based aluminium products producer Aluminium Rheinfelden GmbH has applied for protective shield proceedings, which could protect the company from going bankrupt, sources told Fastmarkets.
INTL AL CONF: Macro factors, not fundamentals, to drive aluminium price, analysts say
Thu, 24 Sep 2020 12:02:00 GMT
Future increases in aluminium prices will be driven more by macroeconomic factors rsther than supply-and-demand fundamentals into 2021, analysts said in a panel on Tuesday September 22 during Fastmarkets’ International Aluminium Conference.
LIVE FUTURES REPORT 24/09: LME base metals complex sheds 1% in macro-led downturn
Thu, 24 Sep 2020 10:27:00 GMT
London Metal Exchange three-month base metals prices were universally trading lower in the morning session on Thursday September 24, with sustained strength in the dollar index - trading at a six-week high - and macro uncertainty driving down futures prices.
Chinese aluminium imports jump again in August; copper shipments also up
Thu, 24 Sep 2020 10:22:00 GMT
China’s imports of unwrought aluminium and aluminium products increased by more than eightfold on a year-on-year basis in August, according to Chinese customs data released on Wednesday September 23.
MORNING VIEW: Base metals prices mainly down as reality check gains momentum
Thu, 24 Sep 2020 07:03:00 GMT
Base metals prices on the London Metal Exchange were down across the board this morning, Thursday September 24, while risk-off gathered pace on concerns that the Covid-19 pandemic is spreading aggressively again.
IN CASE YOU MISSED IT: 5 key stories from September 23
Thu, 24 Sep 2020 00:05:00 GMT
Here are five Fastmarkets stories you might have missed on Wednesday September 23 that are worth another look.
Graphite, silicon markets cautious on Tesla’s move into silicon metal
Wed, 23 Sep 2020 19:35:00 GMT
The global market for graphite and the European silicon market have reacted with caution to news that US electric vehicle maker Tesla plans to pursue the use of silicon rather than graphite in its battery anode material.
Restarted blast furnace catches fire but no effect on deliveries, Usiminas says
Wed, 23 Sep 2020 18:41:00 GMT
A blast furnace at Usiminas’ Ipatinga unit in Brazil’s southeastern Minas Gerais state caught on fire during maintenance work on Tuesday, only a month after being restarted, but there were no expectations of any effect on deliveries, the steelmaker said on Wednesday September 23.
LIVE FUTURES REPORT 23/09: Base metals slump on strong dollar, turnover high
Wed, 23 Sep 2020 18:22:00 GMT
The London Metal Exchange base metals prices remained under pressure on Wednesday September 23, with the benchmark prices for all metals retreating during the day’s trading.
Canada starts investigation into rebar imports from six countries
Wed, 23 Sep 2020 16:05:00 GMT
The Canada Border Services Agency (CBSA) has begun an investigation into alleged injurious dumping of steel rebar from Algeria, Egypt, Indonesia, Italy, Malaysia, Singapore and Vietnam, it said on Tuesday September 22.
INTL AL CONF: Alba, China Hongqiao reject OECD claims of excess output
Wed, 23 Sep 2020 15:50:00 GMT
Continued production from inefficient smelters along with market forces are key reasons behind alleged overcapacity in the aluminium market, not excess output by companies in China and the Gulf Co-operation Council (GCC) region, according to key industry executives.
Glencore to supply 500 tonnes of aluminium to South Korea’s PPS
Wed, 23 Sep 2020 14:41:00 GMT
Glencore International has won a public tender to supply South Korea’s Public Procurement Service (PPS) with 500 tonnes of London Metal Exchange-registered brands of aluminium ingot.
INTL AL CONF: Comprehensive transparency, credibility key for green aluminium growth
Wed, 23 Sep 2020 14:14:00 GMT
Creating transparency and credibility in the green aluminium sector will be a key factor in expanding the market for sustainably produced metal, major aluminium producers said on a panel at Fastmarkets' International Aluminium Conference on Wednesday September 23.
EU GREEN STEELMAKING: Corinth Pipeworks achieves zero carbon emissions goal
Wed, 23 Sep 2020 11:41:00 GMT
Corinth Pipeworks has declared itself the first steel pipe manufacturer for the energy sector to achieve net zero carbon emissions from its operations.
INTL AL CONF: China Hongqiao’s hydro-powered aluminium smelter to commence ops by Q1 2021
Wed, 23 Sep 2020 10:50:00 GMT
China Hongqiao will complete phase one of its hydro-powered aluminium smelter in southwestern China’s Yunnan province by the end of the first quarter next year, the company’s international advisor has said.
INTL AL CONF: Alcoa launches first low-carbon alumina brand, EcoSource
Wed, 23 Sep 2020 10:24:00 GMT
Aluminium and alumina producer Alcoa has launched the first low-carbon smelter-grade alumina brand, chief executive officer Roy Harvey announced at the Fastmarkets International Aluminium Conference.
Desheng maintenance to remove 700 tonnes from China’s V2O5 market, sources say
Wed, 23 Sep 2020 09:55:00 GMT
Desheng Group, one of China’s major producers of vanadium pentoxide (V2O5), plans to suspend production and conduct equipment maintenance across its operations, including at its ironmaking and steelmaking facilities, market sources told Fastmarkets.
INTL AL CONF: LME’s new initiatives will help market find answers to low-carbon aluminium pricing – Chamberlain
Wed, 23 Sep 2020 09:55:00 GMT
The London Metal Exchange’s new package of sustainability proposals should aid the discovery process of low-carbon aluminium pricing, chief executive officer Matthew Chamberlain said.
China pledges carbon neutrality by 2060; carbon emissions to peak by 2030
Wed, 23 Sep 2020 09:40:00 GMT
China will aim to be carbon neutral by 2060, President Xi Jin Ping said at the General Debate of the 75th Session of the General Assembly of the United Nations on Wednesday September 23.
INTL AL CONF: Alba’s Al-Baqali talks green aluminium, upstream investment plans in Covid-19 landscape
Wed, 23 Sep 2020 09:30:00 GMT
Ali Al Baqali, chief executive of Aluminium Bahrain (Alba), told delegates at Fastmarkets International Aluminium Conference Wednesday September 23. about the need for being “rational” as the market begins to embrace 'green aluminium'.
LIVE FUTURES REPORT 23/09: LME base metals retreat, US dollar at 6-week high
Wed, 23 Sep 2020 09:24:00 GMT
London Metal Exchange three-month base metals prices were trading down over the morning on Wednesday September 23 after a consistently stronger US dollar hit a six-week high, effectively capping the retracement in some metals yesterday after Monday’s US equities nosedive.
China’s daily finished steel output rises in mid-September
Wed, 23 Sep 2020 09:00:00 GMT
Member mills of the China Iron & Steel Association (Cisa) raised their finished steel production rates while maintaining those for crude steel and hot metal in mid-September, resulting in an increase in their finished steel inventories, according to data released on Wednesday September 23.
Boost for silicon, nickel as Tesla turns battery maker, lithium miner
Wed, 23 Sep 2020 05:36:00 GMT
Tesla will mine its own lithium, make its own lithium-ion batteries for electric vehicles (EVs) and use more silicon and nickel in these cheaper batteries, the world’s biggest EV maker said on Tuesday September 22.
INTL AL CONF: Producers discuss Covid-19 demand impact
Wed, 23 Sep 2020 05:00:00 GMT
The Covid-19 pandemic has bolstered aluminium demand from the packaging sector, while the automotive and construction sectors are now recovering after taking the biggest hits during its peak, chief executives of major aluminium producers said during a panel at the Fastmarkets International Aluminium Conference on Tuesday September 22.