The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August 28. Brazilian producers of slab and billet are now allowed to export up to 60,000 tonnes of such products to the US in October-December; previously, the limit...Read More
China was an active importer of steel billet (HS code 72071100) in July, though volumes dropped slightly in comparison with June, according to data from the country's National Bureau of Statistics. India was the biggest supplier of the semi-finished product to China in July.July imports1.34 million tonnesup by 6,572% year on year (July 2019: 20,165...Read More
Seaborne prices for low-grade and high-grade manganese ore in China consolidated in the week to Friday August 28, with market participants awaiting direction from offers for October shipments and the release of the purchase price for September-delivery silico-manganese from Hebei Steel - China's second-largest steel mill - market sources told Fastmarkets.Fastmarkets' manganese ore index 37% Mn, ci...Read More
The active restocking activities among alloy smelters helped slow the falls in portside prices for both low- and high-grade manganese ore in China in the week to Friday August 28, market sources told Fastmarkets. Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was 35.30 yuan ($5.14) per dry metric tonne unit (dmtu) on August 28 - equivalent to $4.40 per dmtu ex...Read More
The Brazilian steel industry is operating around 60% production capacity, up from 42% in April when demand was hit the hardest by the Covid-19 pandemic, but still far from the ideal level of 80%, Instituto A??o Brasil said on Friday August 28.At the worst moment of the pandemic, there were 13 halted blast furnaces (BF) in the country, the president of A??o Brasil, Marco Polo de Mello Lopes said du...Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
Members of the World Trade Organization have agreed to the establishment of a dispute panel to review a complaint filed by Turkey regarding the European Union's safeguard measures on imports of certain steel products.The agreement was reached at a meeting of the Dispute Settlement Body (DSB) on Friday August 28, the WTO said.The European Commission (EC) imposed quotas on certain steel imports in F...Read More
The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August 28. Brazilian producers of slab and billet are now allowed to export up to 60,000 tonnes of such products to the US in October-December; previously, the limit...Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
Members of the World Trade Organization have agreed to the establishment of a dispute panel to review a complaint filed by Turkey regarding the European Union's safeguard measures on imports of certain steel products.The agreement was reached at a meeting of the Dispute Settlement Body (DSB) on Friday August 28, the WTO said.The European Commission (EC) imposed quotas on certain steel imports in F...Read More
The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August 28. Brazilian producers of slab and billet are now allowed to export up to 60,000 tonnes of such products to the US in October-December; previously, the limit...Read More
Supply of steel scrap in Australia is being squeezed by regional Covid-19 lockdowns and a general decline in economic output, scrap market participants have told Fastmarkets.The reduction in scrap generated in Australia is reducing the volume of material being offered for export from the country and raising prices for whatever material is being offered.Covid-19 transmission in the country is affec...Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
Plans for a London Metal Exchange spot trading platform have sparked intense debate within the aluminium industry. But opponents and supporters don't necessarily fall into the camps that one might expect. For starters, a decision by the LME not to change its futures contract, establish a new green aluminium contract or set thresholds to define what constitutes low-carbon metal is proving key in st...Read More
"...markets naturally flow then ebb, taking two steps forward before retreating one step back. Their price action gradually meanders around..."by Adam Hamilton of Zeal LLCThe silver miners' stocks have had a roller-coaster ride of a year, getting sucked into March's stock panic before skyrocketing out in a massive upleg. While much-higher prevailing silver prices radically improve silver-stock f...Read More
Sometimes it is better to let a situation speak for itself. Alcoa, Rio Tinto Aluminium, Novelis, Constellium, Arconic, Kaiser Aluminum, Tri-Arrows Aluminum, American Metal Chemical Corp, Hydro Extrusion North America, JW Aluminum, Real Alloy, Reynolds Consumer Products, Scepter, Silberline Manufacturing Co, Smelter Service Corp and Wagstaff. The US Aluminum Association, which represents more than...Read More
The London Metal Exchange is looking for ways to boost its options market, which has been struggling for some years to replicate the growth seen in the same sector among its peers.The exchange has launched a consultation, scheduled to end on July 29, on developing electronic options via a new trading platform while retaining its current inter-office options trading structure.Items up for discussio...Read More
If silver can close above $28.50 the last day of August, it will set up a much more positive technical move for the metal to continue towards... by Steve St Angelo of SRSrocco ReportThe market will finally realize that silver is a better investment when the world's financial bubbles start popping everywhere. This will cause the silver price to reach levels that will make the past $50 record see...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.These include an increase in our copper mine disruption estimates, upgrades to our production outlook for Indonesian nickel pig iron (NPI), a smaller refined zinc surplus, and an upgrade to our zinc price forecasts.Aluminium: Big disconnect between price and fundamentalsAluminium has extended its uptrend on the London Metal...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view. We also review our price forecasting accuracy for the second quarter 2020.Q2 2020 price forecast performance review According to the results of Fastmarkets' Apex for the second quarter of 2020 published this week, Fastmarkets' base metals research team was the second most accurate price forecaster for nickel (99.06%), lead...Read More