Grade A copper cathode premiums in China will be well-supported throughout September and October, primarily due to improving downstream demand and declining domestic stocks, Fastmarkets heard on the sidelines of a copper conference held in the Chinese city of Qiqihar on Thursday September 5. The cif Shanghai and in-warehouse Shanghai copper premiums both rose to…
The World Steel Association opened registration for the 14th edition of steelChallenge. steelChallenge is the biggest steel industry competition where students and industry employees can test their skills using the sophisticated online process simulations delivered by steeluniversity. steelChallenge-14 will be take place over two rounds. The Regional Championship will take place online on 27 November…
The three-month copper price on the London Metal Exchange was higher at the close of trading on Thursday September 5, breaching the $5,800 per tonne resistance level and closing at its highest level since August 1. This came amid a 12-week high in daily volumes traded, with nickel futures being the only metal to close…
ET reported that Rashtriya Ispat Nigam Ltd has begun to feel the general slowdown in the economy at large though the company has not cut down its production or sent some of its over 17,000 fulltime workers on furlough. An Official said that “Some of the specialty steel we are producing is used by re-rolling…
The export market for pig iron from the Commonwealth of Independent States (CIS) has gone down because of lower demand, more supply and a weak scrap market, sources told Fastmarkets on Thursday September 5. Fastmarkets’ weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $315-325 per tonne on Thursday,…
Chinese iron ore futures rose more than 4% on Tuesday, extending gains into a fourth session, as steel mills restocked raw materials even though top steelmaking cities carried out anti-pollution curbs. The most-traded iron ore futures contract on the Dalian Commodity Exchange for January 2020 delivery rose as much as 4.2% to 644 yuan ($90.80)…
Aluminium prices on the London Metal Exchange remain at historically low levels despite low stock levels, high premiums and sustained elevated raw materials costs. The LME aluminium three-month price has failed to trade over $2,000 per tonne since 2018 and closed at just $1,775 per tonne on Wednesday September 4. Yesterday’s close price was 9%…
Reuters, citing people familiar with the matter, reported that Thyssenkrupp has started a structured process to look for potential buyers of all or parts of its elevator unit, its most profitable division. Source of information