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With the exception of nickel and lead, base metals prices on the Shanghai Futures Exchange were up during the morning trading session on Thursday September 5, with the complex buoyed by improved risk sentiment following an easing of geopolitical tensions and softer dollar. Investors’ appetite for risk has grown following favorable geopolitical events overnight that…
DetailsKnown for its investments on the African continent, particularly in Algeria, Tosyali Holding one of the world’s leading steel producers with plants on three different continents, is now gearing up for a major investment in the West African country of Senegal. The holding will establish Tosyali Economic Zone in Senegal. Chairman Mr Fuat Tosyali said…
DetailsEuropean market participants now question whether an expected domestic price rise for hot-rolled coil (HRC) will be seen, due to the emergence of competitive offers from India, sources told Fastmarkets on Wednesday September 4. Buyers had expected that transaction prices would move up in the first half of September, supported by a seasonal recovery in…
DetailsKorea Joon-gang Daily reported that POSCO and Hyundai Steel will not have to shut down their blast furnaces. A consultative body with members from the businesses, consumer groups and Ministry of Environment concluded Tuesday it was inevitable for steelmakers to open bleeder valves while operating their blast furnaces. If the body had concluded otherwise, the…
DetailsThe price of mesh-quality steel wire rod in the Northern European domestic market decreased this week because of poor demand, sources told Fastmarkets on Wednesday September 4. Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was €470-500 ($515-548) per tonne on Wednesday, down by €10-15 per tonne. Underlying consumption of…
DetailsArcelorMittal Kryvyi Rih announced that on September 3, 2019the Security Service of Ukraine again visited the company to inspect the coke production facilities. It said “11 SBU representatives were admitted to the enterprise, accompanied by specialists from the Main Department of Environmental Inspection and the State Food and Beverage Service in the Dnipropetrovsk Region and…
DetailsMagnitogorsk has been excluded from the list of cities with the most polluted air in 2018, according to a report by the Russian Ministry of Natural Resources and Environment. Thanks to MMK’s large-scale environmental programme, the Comprehensive Air-quality Index (CAI) indicator for the city will be reduced to a low level by 2025. The draft…
DetailsA glance through the latest expert views and predictions about commodities. Indonesia's nickel export ban; metallurgical coal; and iron ore. -Severe market tightness may not eventuate despite Indonesia's nickel ore export ban -China may no longer be the marginal setter of seaborne coking coal prices -Iron ore likely to remain in deficit over 2019 Nickel…
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