The Edge Markets reported that dragged by lower selling prices, Southern Steel Bhd reported a net loss of RM34.85 million for the fourth quarter ended June 30, 2019, as compared with a net profit of RM35.21 million a year ago. This is the third consecutive quarterly net loss, resulting in a full year loss of…
Aluminium premiums were mostly stable globally during the week ended Tuesday August 27, with participants shifting their focus to longer-term contract negotiations. But the recovery recently seen for Rotterdam material was spreading throughout Europe. Rotterdam uptrend pushing European premiums up Main Japanese port (MJP) premium flat; focus goes to quarterly contracts Premium in United States’…
Bloomberg reported that world’s largest vanadium producer outside China Evraz Plc said steelmakers are boosting their use of vanadium again after it slumped as much as 75% this year. Alexander Erenburg, VP of Evraz, said “The current vanadium price of USD 30 to USD 40 per kilogram makes it optimal for steel alloying both in…
The Chinese ferro-silicon price continued to trend lower over the past week amid persistently weak domestic demand, while prices in Europe and the United States were steady in inactive spot markets. China’s domestic ferro-silicon price drops on weak demand, adequate supply Export price in China steady but vulnerable EU prices steady in quiet market US…
China Steel Corp announced that it would keep steel prices unchanged for most products for domestic deliveries in the fourth quarter and would increase prices moderately on two products to reflect improved market conditions. The company would increase the price of electrical sheets by NTD 255 per tonne and electro-galvanized sheets by NTD 173 per…
The export market for Commonwealth of Independent States (CIS)-origin hot-rolled coil and cold-rolled coil weakened during the week ended Monday August 27 amid anticipated further price declines and high trader stocks. Fastmarkets’ price assessment for steel HRC, export, fob Black Sea, CIS was $450-460 per tonne on Monday, falling by $20 per tonne week-on-week. “We see that…
Mr PK Rath, CMD of RINL, while reviewing the performance of the plant and current steel market scenario with senior management, has taken stock of the situation on Company’s financial front and the initiatives to improve the cash flow. He expressed the hope that Steel Industry has a great future and will recover shortly due…
Fastmarkets MB has today discontinued 40 steel scrap, non-ferrous scrap and foundry ingot prices. After a two-month notice period, Fastmarkets MB has delisted and ceased the publication of steel scrap prices from BDSV; aluminium alloy prices from Affimet; zinc alloy prices from Brock Metals; and non-ferrous scrap and foundry alloy prices from Lettre D’Information Metaux,…