A summary of the operational results for Russian steelmaker Severstal for the third quarter (July-September) of 2021In brief Steel sales were up by 1% quarter on quarter to 2.69 million tonnes due to strong sales of pig iron and slabs. Sales of hot-rolled steel and plate increased by 1% quarter on quarter to 1.12 million tonnes. The total share of export sales volume, including sales of pig iron,...Read More
A summary of Peru-based miner Buenaventura's output and sales figures for the third quarter of 2021, as stated in its production report published on Friday October 15.In brief Mine production and sales volumes were down year on year due to halted operations at Uchucchacua - near the country capital city, Lima - due to a blockade by local community members and lower recovery rates at El Brocal, whi...Read More
The total amount of lead held outside of the London Metal Exchange's warehouses fell by 77.6% over August, with most other metals also posting declines, according to the LME's latest report. After a small rise in July, the total amount of metal held outside of LME sheds was down by 150,694 tonnes to 813,916 tonnes in August. Lead had the biggest decrease - just 1,053 tonnes were left off-wa...Read More
Ford Motor will invest $316 million to build electric car components at its Halewood factory in northern England, it said.The US automotive manufacturer expects power unit production to begin in mid-2024, with capacity planned to be around 250,000 units per year, it said in a release on Monday October 18.This vehicle transmission facility, which currently builds transmissions for several...Read More
The latest data for the global manganese ore market for the week to October 18, 2021.Read More
Iron ore prices were mostly down a bit on Monday October 18 with limited liquidity amid weak steel demand, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $124.32 per tonne,down $0.90 per tonne62% Fe low-alumina fines, cfr Qingdao: $125.97 per tonne,down $0.53 per tonne58% Fe fines high-grade premium, cfr Qingdao: $94.47 per tonne, up $0.18 per tonne65% Fe Brazil-origin fines,...Read More
Export prices for rebar and wire rod originating from the Commonwealth of Independent States increased during the week to Monday October 18 on bullish offers from mills amid increased rolling costs, Fastmarkets heard.A steady uptrend in the international scrap market since last week, as well as increasing costs of production due to surging electricity and gas prices, pushed offers for CIS-origin l...Read More
Mexican steel producer Altos Hornos de M?(C)xico (Ahmsa) concluded a two-week maintenance at its hot-rolling mill, it said on Monday October 18.The equipment went through ha "full revamp and revision," which will secure its continuous operation, Ahmsa said.During the stoppage, demand for hot-rolled coil was...Read More
Seaborne coking coal prices increased slightly on Monday October 18. And the number of trucks for transporting Mongolian coal is expected to increase, sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $612.56 per tonne, up by $1.46 per tonneHard coking coal, cfr Jingtang: $565.06 per tonne, up by $3.39 per tonnePremium hard coking coal, fob DBCT: $400.30 per tonne, up by $0.6...Read More
Spot prices for hot-rolled coil (HRC) in China retreated on Monday October 18 with the latest economic data sparking concerns over demand.DomesticEastern China (Shanghai) was 5,700-5,800 yuan ($886-901) per tonne, down by 30-60 yuan per tonne.Offers for spot HRC in Shanghai slipped to lows of 5,700-5,720 yuan per tonne on Monday morning, with the most-traded HRC contract on the Shanghai Futures Ex...Read More
Here are five Fastmarkets stories you might have missed on Friday October 15 that are worth another look.Most prices for flat-rolled steel products imported into South America were down during the week ended October 15, with Brazilian mills lowering their offers, Russian sellers pressuring the market downward and Chinese material still scarce in...Read More
Here are five Fastmarkets stories you might have missed on Friday October 15 that are worth another look.Most prices for flat-rolled steel products imported into South America were down during the week ended October 15, with Brazilian mills lowering their offers, Russian sellers pressuring the market downward and Chinese material still scarce in...Read More
Here are five Fastmarkets stories you might have missed on Friday October 15 that are worth another look.Most prices for flat-rolled steel products imported into South America were down during the week ended October 15, with Brazilian mills lowering their offers, Russian sellers pressuring the market downward and Chinese material still scarce in...Read More
Here are five Fastmarkets stories you might have missed on Friday October 15 that are worth another look.Most prices for flat-rolled steel products imported into South America were down during the week ended October 15, with Brazilian mills lowering their offers, Russian sellers pressuring the market downward and Chinese material still scarce in...Read More
Here are five Fastmarkets stories you might have missed on Friday October 15 that are worth another look.Most prices for flat-rolled steel products imported into South America were down during the week ended October 15, with Brazilian mills lowering their offers, Russian sellers pressuring the market downward and Chinese material still scarce in...Read More
The collapse of the iron ore market and market turbulence over Chinese property developer Evergrande Group are adding to the economic woes caused by the Delta variant of Covid-19 for much of this year.It is hard to find bright sparks in the months ahead for the ferrous supply chain, which has been buffeted repeatedly in a short span of few months, starting with Chinese Premier Li Keqiang's comment...Read More
If any member was going to leave the London Metal Exchange ring trading floor, the exchange was probably hoping it wouldn't be Triland Metals Ltd.The company, a wholly owned subsidiary of Japanese conglomerate Mitsubishi, is one of the exchange's longest serving Category 1 members, having joined in 1972 after being founded in the prior year. Having a unit of Japan's largest trading company as a ri...Read More
Japanese steelmaker Nippon Steel is suing compatriot automaker Toyota and Chinese mill Baosteel on claims that the two had infringed on its patent for non-oriented electrical steel sheet. In its suit filed at the Tokyo district court on Thursday October 14, Nippon Steel is also seeking an injunction to prohibit Toyota from manufacturing and selling motor-driven vehicles equipped with motors using...Read More
Zinc producers in China's southwestern province of Yunnan should be able to fully resume their operations by mid-June, sources said.Yunnan will remove its power restrictions by the end of June that have stunted local zinc output, the provincial energy bureau said.A few zinc smelters in Yunnan have already resumed production, however, sources that spoke to Fastmarkets said.Production capa...Read More
The Port of Los Angeles plans to operate around the clock seven days a week to address a growing backlog of shipments waiting in cargo containers anchored offshore to be unloaded at the port.The port announced the move on Wednesday October 13, joining a similar effort that began at the nearby Port of Long Beach in September.The port is figuring out the details of how it will work with supply chain...Read More