Here are five Fastmarkets stories you might have missed on Tuesday May 19 that are worth another look.German diversified industrial group Thyssenkrupp has detailed its restructuring plan, confirming plans to sell shares in its steel business and sell or close its heavy plate sites.Swedish state-owned iron-ore producer LKAB has confirmed that all production at its Kiruna mine has stopped following...Read More
Alumina prices on an fob Australia basis continued to climb over the past week with buyers from China happy to pay above market levels to import cargoes, Fastmarkets heard on Tuesday May 19."The stronger aluminium prices and demand in China are propping up the international price of alumina," a trader said. "Plants are restarting and life is getting back to normal there, after the [Covid-19 pandem...Read More
Newmont is continuing to ramp up operations at its Pe??asquito lead-zinc-silver mine in Zacatecas, Mexico and expects first production in early June. The mine, which was placed on care and maintenance in early April alongside other non-essential businesses during the Covid-19 pandemic, began ramping up in phases after the Mexican government designated it an essential activity. "Over the next...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 19 that are worth another look.German diversified industrial group Thyssenkrupp has detailed its restructuring plan, confirming plans to sell shares in its steel business and sell or close its heavy plate sites.Swedish state-owned iron-ore producer LKAB has confirmed that all production at its Kiruna mine has stopped following...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 19 that are worth another look.German diversified industrial group Thyssenkrupp has detailed its restructuring plan, confirming plans to sell shares in its steel business and sell or close its heavy plate sites.Swedish state-owned iron-ore producer LKAB has confirmed that all production at its Kiruna mine has stopped following...Read More
Ferrous scrap prices in Mexico rose for certain grades on thin deals and low availability, while some price cuts were announced in both Baj?-o and Monterrey regions.Local steel producers avoided announcing price changes last week, but market participants reported purchases being made at higher prices.Fastmarkets' assessment of the consumer buying price for No1 heavy melt, delivered mill Bajio rose...Read More
Turkish steel mills booked no new cargoes on Tuesday May 19 due to a public holiday pausing all trading activity, sources said.In addition to the public holiday, major cities remain subject to lockdown restrictions to curb the spread of the Covid-19 virus until Wednesday.Another lockdown...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 19 that are worth another look.German diversified industrial group Thyssenkrupp has detailed its restructuring plan, confirming plans to sell shares in its steel business and sell or close its heavy plate sites.Swedish state-owned iron-ore producer LKAB has confirmed that all production at its Kiruna mine has stopped following...Read More
A string of Covid-19 cases among staff at Polyus PJSC, Russia's largest gold mine and main antimony ore supplier, could threaten exports of concentrates from the country, sources have said.The Olimpiada mine in the Krasnoyarsk Krai region of Siberia has reported that there have been 866 people infected with Covid-19 to date.Gold operations at Olimpiada were continuing as normal, according to Russi...Read More
Newmont is continuing to ramp up operations at its Pe??asquito lead-zinc-silver mine in Zacatecas, Mexico and expects first production in early June. The mine, which was placed on care and maintenance in early April alongside other non-essential businesses during the Covid-19 pandemic, began ramping up in phases after the Mexican government designated it an essential activity. "Over the next...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 19 that are worth another look.German diversified industrial group Thyssenkrupp has detailed its restructuring plan, confirming plans to sell shares in its steel business and sell or close its heavy plate sites.Swedish state-owned iron-ore producer LKAB has confirmed that all production at its Kiruna mine has stopped following...Read More
Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day despite limited trading activity, sources told Fastmarkets on Tuesday May 19.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?409.84 ($444.90) per tonne on Tuesday, down by only ?,?0.16 per tonne from ?,?410.00 per tonne on Monday.Tuesday's index was calculated based on deals a...Read More
Some of the flat steel import prices in the United Arab Emirates and Saudi Arabia increased this week, but the market is still very slowentering the last week of the Islamic holy month of Ramadan and amid concerns about Covid-19, sources told Fastmarkets on Tuesday May 19.The reason behind the rising prices was strong domestic demand from China and India.No deals were heard during the week and ste...Read More
Production at Bosnian steelmaker ArcelorMittal Zenica has been interrupted by a strike, with unions protesting against temporary layoffs, sources told Fastmarkets on Tuesday May 19.The strikes were called on May 19 and affected all operations at the Zenica site except for the coking plant, sources said. The unions did not disclose how long the strikes will last....Read More
Steel billet and rebar prices in the United Arab Emirates had mixed fortunes in the seven days to Tuesday May 19, with demand limited by Ramadan and Covid-19 restrictions, market sources told Fastmarkets.Market participants in the UAE said that demand was unlikely to improve before the end of Ramadan in late May.Ramadan is normally a slow month for the region, but the Covid-19 curfe...Read More
The Commonwealth of Independent States (CIS) export rebar and wire rod prices remained stable in the week to Monday May 18 while trading activity in the majority of the outlets was still modest, Fastmarkets learned.Some market participants expected some improvement in finished long-steel prices following the uptick in the scrap and billet segments last week, but there was no sufficient support on...Read More
Here are five Fastmarkets stories you might have missed on Tuesday May 19 that are worth another look.German diversified industrial group Thyssenkrupp has detailed its restructuring plan, confirming plans to sell shares in its steel business and sell or close its heavy plate sites.Swedish state-owned iron-ore producer LKAB has confirmed that all production at its Kiruna mine has stopped following...Read More
Ferrous scrap prices in Mexico rose for certain grades on thin deals and low availability, while some price cuts were announced in both Baj?-o and Monterrey regions.Local steel producers avoided announcing price changes last week, but market participants reported purchases being made at higher prices.Fastmarkets' assessment of the consumer buying price for No1 heavy melt, delivered mill Bajio rose...Read More
Swedish state-owned iron-ore producer LKAB has confirmed that all production at its Kiruna mine has stopped following a seismic event on Monday, the company said on Tuesday May 19. All production has stopped after a seismic event, with a magnitude of 3.3, occurred at 3:11am on May 18, with no forecast as to when it will resume and an intensive inspection of the mine now underway, the company said....Read More
The CIS export billet market remained bullish early this week, with demand from China continuing to support prices after a plunge in interest from Turkey at the end of last week.Market participants reported offers of CIS-origin billet to China at $385-400 per tonne cfr, which would net back to $355-370 per tonne fob for cargoes to be shipped from the Black Sea basin.Some market participants said t...Read More