After revealing plans to let go of up to 200 workers at its Great Lakes facility in Michigan, US Steel announced on Friday that it will idle a plant in East Chicago in Indiana by mid-November as part of the consolidation of its till mill operations in the United States, a move which could result…
DetailsThe price for ammonium paratugnstate (APT) in Europe moved lower in the week ended Friday August 23, weighed down by bearish sentiment ahead of the late-August auction for the entire antimony stock held in the defunct Fanya Metal Exchange. Meanwhile, the Chinese APT export price was stable amid market uncertainty. Tungsten concentrate prices again stable…
DetailsArcelorMittal Brazil has extended the stoppage of its Tubarao’s Blast Furnace No 2 to the end of the year, from an initially expected 70-day time frame. Company CEO Flat Carbon South America Mr Benjamin Baptista on the sidelines of Instituto Aco Brasil steel congress last week said that “We are going to take a slow…
DetailsWhile the major Chinese stainless steel mills are expected to release their September tender prices for domestic ferro-chrome this week, the majority of market participants expect a price increase in near future tenders, including for September, Fastmarkets understands. Some market participants also long for such a price hike to boost the overall ferro-chrome market, which…
DetailsSeaborne iron ore prices dropped below $85 per tonne cfr again on Monday August 26 after trade tensions between China and the United States escalated over the weekend. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $84.91 per tonne, down $2.90 per tonne. 62% Fe Pilbara Blend Fines, cfr Qingdao: $85.29 per tonne, down…
DetailsIndia Ratings and Research has published the credit news digest on India’s steel sector for July 2019. The report highlights the demand-supply scenario, price trends, imports & exports in both India and China, encompassing finished steel products, both flat & long, scrap, iron ore, coking coal etc., while also looking at the impact of end-user…
DetailsIn the first half of 2019, MMK Group allocated 1.04 billion roubles to social support programmes and charitable causes. Among the priority areas of social support were assistance to pensioners and children, as well as the improvement of health conditions for the employees of the company. The full range of social and charitable programmes implemented…
DetailsChina’s hot-rolled coil prices dropped in both the spot and futures markets on Monday August 26, amid escalating trade tensions between the country and the United States. Domestic Eastern China (Shanghai): 3,670-3,680 yuan ($517-519) per tonne, down 50 yuan per tonne Northern China (Tangshan): 3,650 yuan per tonne, down 50 yuan per tonne Spot prices…
DetailsIndian steel industry has transformed substantially during 2018-19, with several mills changing ownership under IBC, commissioning of new capacities, as well as unveiling of new expansion plans by some of the Indian steel giants. Indian Steel Sector Map 2019, an update version of 2018 map, depicts capacities of various steel makers at various locations and…
DetailsBase metals prices on the Shanghai Futures Exchange tumbled across the board on the morning of Monday August 26, reflecting a further escalation of trade tensions between the United States and China after both sides said they would ramp up tariffs against each other. Last Friday, China said it would impose tariffs on $75 billion…
DetailsChinese steel producer Shandong Iron and Steel Groups Shandong Province based subsidiary Shandong Iron and Steel Co Ltd has reported net profit slump 65.58% YoY in the first half of 2019. The company’s net profit attributable to shareholders reached CNY 577.5 million (USD 81.5 million) in the first six months, compared with CNY 1.68 billion…
DetailsPrices in most of the global markets for steel billet softened in the week ended Friday August 23 amid poor demand and falling raw materials prices. Fastmarkets’ daily index for iron ore 62% Fe fines, cfr Qingdao, was $87.81 per tonne on Friday, down by $1.76 per tonne week on week. Meanwhile, Fastmarkets’ daily index…
DetailsChina’s Anyang Iron & Steel is investing 5.84 billion yuan ($828 million) in a new steel production facility in Henan province. The move is part of a capacity replacement program approved by Henan’s provincial authorities in December 2017 to conform to new… Источник
DetailsAluminium alloys from China will be subject to at least 20% in tariffs by September while for hundreds of steel products it will be at least 35% if the latest round of tariffs threatened against China take effect, sources indicated to Fastmarkets. That is because the new tariffs US President Donald Trump signaled against China…
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