Chinese manufacturing activity showed signs of improvement in August, indicating stronger support for flat steel margins that returned to positive territory at the end of the month. The manufacturing purchasing managers’ index, published by Chinese financial media company Caixin, rebounded to 50.4 points in August from 49.9 in July. It was the first time the…
The uptrend in the iron ore market since 2019 started halted in August, with a month-on-month price decline of 24% for 62% Fe material and a 23% price decline for 65% Fe material. The 65% Fe derivatives contract on the Singapore Exchange – which was launched in December 2018 and settled against Fastmarkets’ daily 65%…
According to the latest release on August 31 by the official index compiler CFLP Steel Logistics Professional Committee, China’s Purchasing Managers Index for the steel industry for August hit a new low since December 2015, reaching 44.9 amid imbalance in the fundamentals, steel price declines amid higher production and stocks while the growing challenges in…
China’s domestic iron ore concentrate prices dipped again over August 26-30, falling by another Yuan 3-70/tonne ($0.4-9.8/t) on week, with offer prices being lower than procurement prices from Chinese steel mills as sellers tried to increase sales, according to Mysteel’s latest weekly survey. As of August 30, Beipiao, in Northeast China’s Liaoning province, saw its…
China’s domestic rebar prices rose again on Tuesday September 3, supported by strong futures prices even though trading was not very active. Domestic Eastern China (Shanghai): 3,620-3,650 yuan ($504-508) per tonne, up 30 yuan per tonne Northern China (Beijing): 3,600-3,620 yuan per tonne, up 20 yuan per tonne The rebar futures price on the Shanghai…
In August Yuzhniy Mining and Processing Works produced 1046.6 thousand tons of concentrate, almost unchanged YoY. Sinter manufacture dropped by 16.3%, to 87.6 thousand tons. In January-August UGOK increased concentrate production by 2.7%, to 8365.8 thousand tons. Sinter output decreased by 17%, to 877.4 thousand tons. (Ukrainian metal)
Altyn Plc reports the restoration of gold output volumes in July after the drop in H1 due to the machinery breakage and delays in drilling programs. Losses before interest in H1 totaled $603 thousand as opposed to profit of $603 thousand in January-June 2018. The company is negotiating a loan of $17 million to spend…
In June Russia exported 1.3 thousand tons of ferrotitanium, down by 26.6% MoM and by 4.6% YoY. Exports to the Netherlands have been falling for several months in a row, reaching 917 tons in June. At the same time deliveries to China increased 4-fold, to 220 tons. In H1 ferrotitanium exports totaled 9.2 thousand tons,…
