Latest Steel news
AT A GLANCE: Acerinox blames 'geopolitical tensions' for 2019 loss
Fri, 28 Feb 2020 19:55:00 GMT
A summary of stainless steel producer Acerinox’s financial results for October-December and the full year of 2019.
LIVE FUTURES REPORT 28/02:LME lead briefly slips below $1,800 mark; backwardation continues
Fri, 28 Feb 2020 18:10:00 GMT
The London Metal Exchange three-month lead price slipped below $1,800 per tonne temporarily on Friday February 28, on a day that saw just over 6,000 lots traded.
World SiMn output down 4.5% in January - IMnI
Fri, 28 Feb 2020 15:59:00 GMT
World silico-manganese output dropped by 4.5% year on year in January due to production cuts across most global regions, the latest data from the International Manganese Institute (IMnI) shows.
Cargo vessel damaged near northern Brazil was carrying 295kt of iron ore, Vale says
Fri, 28 Feb 2020 15:37:00 GMT
Iron ore vessel MV Stellar Banner, grounded near the coast of Brazilian northeastern state of Maranhão earlier in the week, was carrying 294,871 tonnes of iron ore, a spokesperson for Brazilian mining company Vale told Fastmarkets on Friday February 28.
INTL COPPER CONF: Miners must tackle environmental hurdles for sustainable industry development - panel
Fri, 28 Feb 2020 15:24:00 GMT
Mining companies must confront the environmental pressures facing the industry to safeguard progress across global operations, panelists at Fastmarkets’ International Copper Conference in Amsterdam said on Thursday February 27.
HOTTER ON METALS: Coronavirus adds pressure to diversify supply chains
Fri, 28 Feb 2020 15:09:00 GMT
The novel coronavirus (2019-nCoV) is set to accelerate what the trade wars started: the diversification of global supply chains.
Rusal sales volumes increase in Q4, FY 2019; warns of bearish coronavirus effects on market
Fri, 28 Feb 2020 14:31:00 GMT
Rusal’s aluminium sales volumes rose in the fourth quarter and year ended December 31 2019, but novel coronavirus-related effects on the economy could be bearish for the aluminium market, the company warned.
Border closures restricting steel exports from Iran
Fri, 28 Feb 2020 14:10:00 GMT
The steel export trade from Iran has been hurt by neighboring countries closing their borders due to the appearance of coronavirus infection in the Middle Eastern country, Fastmarkets learnt on Friday February 28.
Attack in Syria brings steel trade in local Turkish market to a halt
Fri, 28 Feb 2020 13:49:00 GMT
Trading in Turkey's domestic steel market has stopped following an airstrike in Idlib in northwestern Syria, that resulted in the deaths of at least 33 Turkish soldiers, market sources told Fastmarkets on Friday February 28.
Pakistan's Al-Haj Asia Star to enter import scrap market, begin steelmaking in March
Fri, 28 Feb 2020 13:10:00 GMT
Sino-Pakistani steel producer Al-Haj Asia Star Steel will begin production of steel rebar in northern Pakistan from early March and will enter the market for imported scrap, Fastmarkets has been told.
SHFE STOCKS REPORT 28/02: Zinc stocks gain 12% on weak downstream demand; dip-buying reduces tin inventory
Fri, 28 Feb 2020 11:41:00 GMT
Zinc recorded the largest percentage increase in stocks in Shanghai Futures Exchange-approved warehouses in the week ending Friday February 28, with inventories climbing up by 11.8% week on week.
World manganese ore production down 19% in January
Fri, 28 Feb 2020 11:29:00 GMT
World manganese ore production dropped by 19% year on year in January due to production cuts in most global regions, according to the latest data from the International Manganese Institute (IMnI).
NEWSBREAK: MJP aluminum Q2 offers at $90/t – sources
Fri, 28 Feb 2020 11:28:00 GMT
A producer has offered second-quarter 2020 supply of aluminium to main Japanese ports (MJP) at a premium of $90 per tonne, according to market sources.
LIVE FUTURES REPORT 28/02: LME aluminium price at 2016 low; complex down on virus concerns
Fri, 28 Feb 2020 10:17:00 GMT
Base metals prices on the London Metal Exchange were lower across the board again during morning trading on Friday February 28, due to the global coronavirus outbreak continuing to put bearish pressure on the market.
MORNING VIEW: Metals prices weaker as equities remain in freefall
Fri, 28 Feb 2020 08:16:00 GMT
Growing fears in recent days that the novel coronavirus (2019-nCoV) epidemic is becoming a pandemic have given global equity markets a reality check and base metals that had initially reacted more than equities are now down less than equities, so may have some catching up to do.
LIVE FUTURES REPORT 28/02: Mounting coronavirus concerns weigh on SHFE base metals
Fri, 28 Feb 2020 05:40:00 GMT
Base metals prices on the Shanghai Futures Exchange slid across the board at the close of the morning trade session on Friday February 28 amid pessimistic sentiment caused by tumbling global equity markets.
IN CASE YOU MISSED IT: 5 key stories from February 27
Fri, 28 Feb 2020 00:05:00 GMT
Here are five Fastmarkets stories you might have missed on Thursday February 27 that are worth another look.
AT A GLANCE: Grupo Simec net sales down in 2019 on lower Q4 shipments, prices
Thu, 27 Feb 2020 18:27:00 GMT
A summary of Mexican long-steel producer Grupo Simec's financial performance in the fourth quarter and full year 2019.
LIVE FUTURES REPORT 27/02: LME zinc price falls further amid low turnover; aluminium stays below $1,700
Thu, 27 Feb 2020 18:15:00 GMT
The London Metal Exchange three-month zinc price trended lower over the course of Thursday February 27, briefly touching an intraday high of $2,057 per tonne before falling to a closing price of $2,012 per tonne amid a turnover of fewer than 10,000 lots.
Iron ore cargo vessel contracted by Vale damaged near Brazilian coast
Thu, 27 Feb 2020 17:45:00 GMT
A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country’s north-eastern Maranhão state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.
Trade log February 2020: Lithium
Thu, 27 Feb 2020 16:39:00 GMT
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets.
INTL COPPER CONF: Europe copper industry wary of growing Chinese dominance
Thu, 27 Feb 2020 15:30:00 GMT
Growing Chinese copper output and an imbalance in trade terms between China and the west have led to a rising need for the European copper industry to guard its interests, panelists at Fastmarkets’ International Copper Conference in Amsterdam said on Thursday February 27.
CAPACITY WATCH: JFE Meranti starts color-coating line
Thu, 27 Feb 2020 10:50:00 GMT
Myanmar’s JFE Meranti has begun operating its color-coating line at Thilawa Special Economic Zone, according to a joint announcement from the company's shareholders.
LIVE FUTURES REPORT 27/02: Virus continues to dampen buying demand for LME metals
Thu, 27 Feb 2020 10:21:00 GMT
Base metals prices on the London Metal Exchange were down across the board during morning trading on Thursday February 27 due to continued lackluster demand.
INTL COPPER CONF: Italy's KME says government could support industry if virus fallout persists
Thu, 27 Feb 2020 09:44:00 GMT
The Italian government could step in to support industrial companies including copper fabricators if the novel coronavirus situation in the country worsens, KME's chief metal officer told delegates at Fastmarkets’ International Copper Conference in Amsterdam on Thursday February 27.
China’s auto output, sales fall in January
Thu, 27 Feb 2020 06:40:00 GMT
China’s auto output and sales fell in January due to a shorter working month as a result of the Chinese New Year, the China Association of Automobile Manufacturers (CAAM) said on Wednesday February 26.
LIVE FUTURES REPORT 27/02: SHFE base metals prices mostly down again; Ni, Zn record marginal gains
Thu, 27 Feb 2020 05:50:00 GMT
The majority of base metals prices on the Shanghai Futures Exchange were down at the close of morning trading on Thursday February 27, with the complex still pressured by lingering concerns of the rapid spread of the novel coronavirus (2019-nCoV) outside of China.
IN CASE YOU MISSED IT: 5 key stories from February 26
Thu, 27 Feb 2020 00:05:00 GMT
Here are five Fastmarkets stories you might have missed on Wednesday February 26 that are worth another look.
Strong call-offs on metals, ferro-alloys amid logistics disruptions on coronavirus spread to Europe
Wed, 26 Feb 2020 19:40:00 GMT
Metal and ferro-alloy suppliers in Europe are reporting strong call-offs on sales to European consumers, some of which are stocking up in preparation for any disruptions that might be caused by the spread of the novel coronavirus infection (2019-nCoV).
LIVE FUTURES REPORT 26/02: LME lead price drops 2%; base metals prices muted
Wed, 26 Feb 2020 18:12:00 GMT
Lead was the worst performer on the London Metal Exchange at the close on Wednesday February 26, wiping out all gains it made on Tuesday.