CCMA has hired James Heywood as a trader, the US metal and alloy raw materials trading house told Fastmarkets.Heywood, who will be based in Europe, joined the company this month with the task of expanding CCMA's European business, it told Fastmarkets on Wednesday June 24. His focus will be in minor metals and noble alloys as well as assisting...Read More
Credit ratings agency Fitch Ratings has downgraded Ferroglobe for the third time in a year, citing the company's limited ability to sell additional assets while enduring continued declines in silicon prices. In the latest downgrade, to a rating of 'CCC-' from 'CCC+', Fitch said it does not expect an improvement in silicon metal prices until 2021, "with recovery likely to be slow and fragile"."Alth...Read More
Turkey has returned to the ferrous scrap market and purchased a cargo from the United States at lower prices compared with previous deals.The 27,500-tonne deal includes an 80:20 mix of No1 and No2 heavy melting scrap at $261 per tonne,...Read More