Downward pressure on global steel prices, caused by continued high levels of Chinese steel production at prices below costs, creates incentives than can lead to a rebalancing of global supply and demand and a boost to profitability, World Steel Dynamics chief executive officer Philipp Englin said at the Global Steel Dynamics Forum in New York on Wednesday June 18.
The fixed-price equivalent in the trade log in these indices’ rationale was missed. The trade log entry has been corrected as follows: Vale, COREX, 170,000 tonnes of 62% Fe Brazilian Blend fines, traded at the July average of Fastmarkets’ 62% Fe low-alumina fines plus a premium of $0.40 per tonne, laycan July 17-26 (fixed-price equivalent […]
The top end of the assessment for MB-BI-0002 Bismuth 99.99% Bi min, in-whs China, yuan/tonne was incorrectly published due to a typographical error. It was initially published as 130,000-1,330,000 yuan per tonne. This has since been corrected to 130,000-133,000 yuan per tonne. Fastmarkets’ pricing database has been updated to reflect this change. This price is part of […]
The prices were published at 3:59 pm UK time instead of the scheduled time of 2-3 pm UK time. The following price was published late:MB-STE-0149 steel scrap heavy scrap domestic, delivered mill China, yuan/tonne These prices are a part of the Fastmarkets scrap package. For more information or to provide feedback on the delayed publication of […]
The publication of Fastmarkets’ iron ore indices for Friday June 20 was delayed due to a technical issue. Fastmarkets’ pricing database has been updated. The following indices were affected:MB-IRO-0191 61% Fe fines, cfr Qingdao, $/tonneMB-IRO-0008 62% Fe fines, cfr Qingdao, $/tonneMB-IRO-0144 62% Fe low-alumina fines, cfr Qingdao, $/tonneMB-IRO-0015 Iron ore 58% Fe fines, cfr Qingdao, […]
