Domestic prices for steel rebar in Russia's Central Federal district around Moscow rose in the week to June 28 on increased offers from local mills, sources told Fastmarkets.July offers from NLMK were heard at 72,500 ($1,004) roubles per tonne, up from 69,500 for June.Severstal was offering July-delivery rebar at 75,000 roubles per tonne cpt, sources said, unchanged from June.Tula Steel offered re...Read More
China's domestic rebar prices maintained their upward momentum on Monday June 28 on expectations of tighter supply, though demand was affected by rain across regions on the southern side of the Yangtze River.DomesticEastern China (Shanghai): 4,860-4,880 yuan ($752-755) per tonne, up by 10-20 yuan per tonneSteelmakers in China's steel hub of Tangshan in the northern region have been instructed to l...Read More
The biggest steel producer in the United Arab Emirates, Emirates Steel, decreased its rebar price by 55 dirhams ($14.97) per tonne with effect from Sunday June 27. The company is offering rebar at 3,012 dirhams per tonne ex-works, down from 3,067 dirhams per tonne ex-works. This is the first rebar price...Read More
China is considering adding 5% across the board to existing export taxes on ferro-alloys from Thursday July 1, market sources told Fastmarkets, adding that if that happens manganese flake prices will rise.Manganese flake is extremely sensitive to what happens in China - since it produces 95% of the world's supply - and the spot price is already at a 13-year high in Europe and close to its highest...Read More
China's Hebei Iron & Steel Group (HBIS) and South Korea's Posco have signed a deal to establish a joint venture to produce automotive steel plate in China, according to a report from HBIS' official WeChat account published on Friday June 25. The planned new plant will have capacity to produce 900,000 tonnes per year of...Read More
The European Commission (EC) officially confirmed the move to extend the existing safeguard measures on imported steel into the European Union by three years in an announcement made late afternoon on Friday June 25.The measures imposed on 26 steel products imported into the EU will remain in place until June 30, 2024, with quota volumes for the products increasing by 3% year-on-year, the commissio...Read More
Iron ore prices increased on Monday June 28 even while market participants prepare for stricter restrictions on sintering, blast furnace operations and transportation of raw materials from June 29 to July 1 in certain areas in China. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $218.62 per tonne, up $2.17 per tonne 62% Fe low-alumina fines, cfr Qingdao: $220.77 per tonne, up $2.02 per t...Read More
Lithium iron phosphate batteries have recently regained their position as the preferred option among original equipment manufacturers in China, casting doubt on the forecast dominance of the alternative nickel-cobalt-manganese lithium-ion batteries in the country's electric vehicle battery supply chain.The situation has also raised questions about whether the change in sentiment would be mirrored...Read More
Here are five Fastmarkets MB stories you might have missed on Monday June 28 that are worth another look....Read More
Here are five Fastmarkets MB stories you might have missed on Monday June 28 that are worth another look....Read More
Base metals prices on the London Metal Exchange were weaker on the morning of Monday June 28, while those on the Shanghai Futures Exchange were more mixed. Spread of Delta variant of Covid-19 across parts of Southeast Asia, Australia and South Africa causing concern about a 4th waveBase metalsLME three-month base metals prices, with the exception of tin that was untraded, were down across the boar...Read More
The European Commission (EC) officially confirmed the move to extend the existing safeguard measures on imported steel into the European Union by three years in an announcement made late afternoon on Friday June 25.The measures imposed on 26 steel products imported into the EU will remain in place until June 30, 2024, with quota volumes for the products increasing by 3% year-on-year, the commissio...Read More
Russian aluminium will carry an export duty of 15% plus $254 per tonne from August 1 through December 31, the Russian government's press service confirmed.Export duties were approved on 340 non-ferrous and steel products, after Russian Prime Minister Mikhail Mishustin signed an official decree last Friday June 25. Primary aluminium, under harmonized system code 760110, will also be taxed.Some more...Read More
Here are five Fastmarkets MB stories you might have missed on Monday June 28 that are worth another look....Read More
Chinese cobalt producer Hanrui Cobalt has applied to launch an initial public offering (IPO) of its shares on the Stock Exchange of Hong Kong, the company said on Friday June 25.The company aims to strengthen its leading position in the global cobalt industry and deepen upstream and downstream integration amid growing opportunities in the new energy vehicles (NEVs) sector driven by carbon neutral...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More
Here are five Fastmarkets MB stories you might have missed on Friday June 25 that are worth another look.The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to con...Read More