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MORNING VIEW: Base metals prices mixed as markets await US presidential election result
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Monday November 2, with the short-term outlook uncertain with much of Europe moving into tighter lockdowns, while China's new five-year plans look supportive, as does the economic data out of China and Japan this morning.
November 2, 2020
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By William Adams
Insights
LITHIUM CONF: Key takeaways from the digital event
Fastmarkets reporters present the key themes and discussion points from the Lithium Supply and Markets online conference, which was held online on October 26-28.
October 30, 2020
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Insights
US hot-rolled coil index continues to slide; spot activity thins
Hot-rolled coil prices in the United States declined for the second consecutive day due to diminishing spot market activity and a lack of availability from steel producers, according to market participants.
October 29, 2020
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By Elizabeth Ramanand
Insights
SSS 2020: Gerdau bullish on North America, Brazil growth potential
Both the North American and Brazilian markets have strong growth potential stemming from infrastructure-related activity, Gerdau’s global chief financial officer Harley Scardoelli told attendees at Fastmarkets' 2020 Steel Success Strategies Online conference on Wednesday October 28.
October 29, 2020
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By Patrick Fitzgerald
Insights
SSS 2020: EAFs to fill void left by integrated mills
Steel Dynamics Inc (SDI) isn’t worried about a flood of new flat-rolled electric-arc furnace (EAF) steelmaking capacity because it will be offset by the closure of older integrated mills, the company’s top executive said.
October 28, 2020
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Insights
SSS 2020: SDI Texas EAF targets exposed auto
Steel Dynamics Inc’s (SDI) new $1.9-billion flat-rolled steel mill in Sinton, Texas, could be the first electric-arc furnace (EAF) facility to produce exposed-grade automotive material, the company’s top executive said.
October 28, 2020
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Insights
US HRC price dips below $34 per cwt; noise or new trend?
Hot-rolled coil prices in the United States have slipped for the first time in almost two weeks, but whether the dip represents the start of a new trend or just noise amid a chorus of optimism about stronger demand in 2021 remains unclear.
October 28, 2020
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Insights
SSS 2020: Processors anticipate demand surge in 2021
Steel service centers and other processors are finding surprising opportunities during the Covid-19 pandemic, and 2021 demand appears poised to exceed expectations for metals consumption, panelists said at Fastmarkets' 2020 Steel Success Strategies Online conference this week.
October 28, 2020
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By the Fastmarkets team
Insights
US hot-rolled coil index surges past $34/cwt
Hot-rolled coil prices in the United States climbed for the eighth consecutive business day while tight supply continued to bump up against rising demand.
October 27, 2020
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By Robert England
Insights
SSS 2020: Green shoots in US market – Topalian
There are reasons to believe the worst is over for a domestic steel market rattled by the Covid-19 pandemic, Nucor Corp president and chief executive officer Leon Topalian told attendees of Fastmarkets’ Steel Success Strategies Online conference on Monday October 26.
October 27, 2020
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By Patrick Fitzgerald
Insights
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