November 2021

North American long steel metal spread to remain stable, Gerdau says

Brazil-based steelmaker Gerdau expected to see stability in the current record-high metal price spreads in the United States continuing through 2022, chief executive officer Gustavo Werneck said on Tuesday November 30.

UK stainless steel scrap prices track volatile nickel costs

The price of stainless steel scrap in the domestic UK market was up in the seven days to Friday November 26 on sharply higher nickel costs, but also tracked the subsequent decline in nickel in the latter part of the week, sources told Fastmarkets.

Titanium markets extend steady trend despite busier trading

Key data from Fastmarkets’ pricing session in Europe on Wednesday November 24

China’s domestic stainless steel prices stage late recovery but still down w-o-w

Domestic stainless steel prices in China were down in the week ended Wednesday November 24 but managed to stage a late-week recovery on futures gains and rising positivity in the market.

Highlights of Shandong’s 14th five-year plan for steel

Shandong province, China’s third-largest steel hub, released its 14th five-year (2021-2025) plan for the steel industry on Thursday November 18.

EU Carbon Border Adjustment Mechanism explainer

Earlier this year, the EC adopted a package of proposals under the EU Green Deal, which included a Carbon Border Adjustment Mechanism (CBAM) for imported products. Fastmarkets outlines what this will mean for the iron, steel and aluminium sectors.

Ferro-tungsten prices find support again on tightening spot supply in Europe

Key data from Fastmarkets’ pricing session in London on Friday November 19.

European stainless steel prices stable for now, but tightness could drive further gains

The price of stainless steel in the European domestic market remained unchanged this week, but ongoing tightness could see prices move up before the end of the year, sources told Fastmarkets on Friday November 19.

EU sets definitive anti-dumping duties on CR stainless steel from India, Indonesia

The European Commission (EC) has set definitive anti-dumping duties at rates of 10.2-35.3% on imports of stainless steel cold-rolled flat products originating in India and Indonesia.

Titanium markets unmoved after Posco tender, more tenders likely

Key data from Fastmarkets’ pricing session in Europe on Wednesday November 17.