Several lead smelters in China, which have previously struggled to raise finance, have been restarting their idled furnaces to take advantage of opportunities to sell the heavy metal's by-products abroad, market sources said.Over the past few months, Hunan-based lead smelters, including Hunan Yuteng Nonferrous Metals and Chenzhou City Jingui Silver Industry Co, have obtained silver tolling li...Read More
An overview of the chrome ore and alloy markets in Asia, Europe and the United States on Tuesday September 14 and their latest price moves.China Tighter production curbs strengthened sentiment in the ferro-chrome market, underpinning domestic spot prices. With looming concerns over domestic supply, and demand for material expected to be resilient, buyers' appetite for imported ferro-chrome was enh...Read More
High-grade manganese prices rose in China with the return of liquidity in the week to Friday September 10, while the price of semi-carbonate ore was unchanged week-on-week, with South African exports continuing to weigh heavily on the markets.Fastmarkets' price index for manganese ore 44% Mn, cif Tianjin, rose to $5.26 per dry metric tonne unit (dmtu) on September 10, up by 12 cents per dmtu (2.3%...Read More
Several lead smelters in China, which have previously struggled to raise finance, have been restarting their idled furnaces to take advantage of opportunities to sell the heavy metal's by-products abroad, market sources said.Over the past few months, Hunan-based lead smelters, including Hunan Yuteng Nonferrous Metals and Chenzhou City Jingui Silver Industry Co, have obtained silver tolling li...Read More
An internationally coordinated floor on the price of carbon could be "strikingly effective" in reducing greenhouse gas emissions, compared with alternatives such as annual targets or a carbon border adjustment mechanism (CBAM), according to a policy expert at the International Monetary Fund (IMF).His comments come ahead of the 26th United Nations Climate Change Conference of the Parties (COP26) in...Read More
Several lead smelters in China, which have previously struggled to raise finance, have been restarting their idled furnaces to take advantage of opportunities to sell the heavy metal's by-products abroad, market sources said.Over the past few months, Hunan-based lead smelters, including Hunan Yuteng Nonferrous Metals and Chenzhou City Jingui Silver Industry Co, have obtained silver tolling li...Read More
Standard Lithium Ltd it is undertaking a pilot project in southern Arkansas to test carbon-capture technology to reduce emissions, the company said. The pilot project will be undertaken in collaboration with the owner of the technology, Aqualung Carbon Capture AS, and will be installed at a natural gas processing site in Columbia County, Arkansas, that is owned and operated by oil and gas explorat...Read More
European steel companies must scale up their decarbonization technologies within the coming decade or risk exhausting their allocated emissions allowances early, according to a report released on Tuesday September 14.The report, "Steeling for Net Zero," by climate researcher Industry Tracker, found that selected European steel companies have less than 26% of their carbon budget remaining and must...Read More
Several lead smelters in China, which have previously struggled to raise finance, have been restarting their idled furnaces to take advantage of opportunities to sell the heavy metal's by-products abroad, market sources said.Over the past few months, Hunan-based lead smelters, including Hunan Yuteng Nonferrous Metals and Chenzhou City Jingui Silver Industry Co, have obtained silver tolling li...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 14 that are worth another look....Read More
Prices for flat steel products in Russia's Central Federal District around Moscow continued to fall in the week ended Monday September 13, on good availability of hot-rolled (HR) sheet from local producers and the export price shadowing the domestic downward trend, sources have told Fastmarkets.Tubes and pipes makers, key customers which buy large volumes of hot-rolled coil, were able to achieve f...Read More
Some flat steel import prices to the United Arab Emirates and Saudi Arabia fell during the week ended Tuesday September 14 so buyers held back from activity and preferred to wait for prices to flatten, sources told Fastmarkets.End-user demand was weak so buyers did not place any big orders despite their low stock levels.Saudi ArabiaChina offered HRC at $970 per tonne cfr Saudi Arabia, falling from...Read More
Market activity was limited in the European hot-rolled coil segment on Tuesday September 14 because mills and buyers took a break from trading, sources told Fastmarkets.Sentiment among buyers remained poor due to reduced demand from the automotive sector and cheap import material booked earlier this year that has now arrived in the European Union. New import offers have also been competitive, but...Read More
The domestic steel rebar market in Russia's Central Federal District around Moscow continued to suffer from oversupply in the week to Monday September 13, sources have told Fastmarkets, with export sales limited by the $115 per tonne temporary export duty.The price decline in the country's largest rebar-consuming region started in the second half of July and has been mainly driven by mills that se...Read More
Semi-finished steel imports to the Philippines, mostly made up of steel billet, fell 11.6% year on year in the first half of 2021 with demand choked by the country's ongoing struggles with Covid-19.1.23 million tonnes of material were imported to the Philippines in January-June 2021, down from 1.39 million tonnes over the first half of 2020, according to statistics compiled by the Philippines...Read More
European steel companies must scale up their decarbonization technologies within the coming decade or risk exhausting their allocated emissions allowances early, according to a report released on Tuesday September 14.The report, "Steeling for Net Zero," by climate researcher Industry Tracker, found that selected European steel companies have less than 26% of their carbon budget remaining and must...Read More
Seaborne iron ore prices continued to decline on Tuesday September 14, due to depressed demand in certain regions of China, where steelmakers are facing energy consumption and emissions-control measures, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $121.67 per tonne, down $2.17 per tonne62% Fe low-alumina fines, cfr Qingdao: $122.63 per tonne, down $1.53 per ton...Read More
Semi-finished steel imports to the Philippines, mostly made up of steel billet, fell 11.6% year on year in the first half of 2021 with demand choked by the country's ongoing struggles with Covid-19.1.23 million tonnes of material were imported to the Philippines in January-June 2021, down from 1.39 million tonnes over the first half of 2020, according to statistics compiled by the Philippines...Read More
Evergrande Group, one of China's biggest housing companies, said on Tuesday September 14 that it would work toward improving its capital flow to ensure that it does not default on its liabilities.The assurance came a day after it dismissed rumors that it would file for bankruptcy.Among the measures, it said that it would revise its schedule of new projects, tighten up its cost controls and promote...Read More
Evergrande Group, one of China's biggest housing companies, said on Tuesday September 14 that it would work toward improving its capital flow to ensure that it does not default on its liabilities.The assurance came a day after it dismissed rumors that it would file for bankruptcy.Among the measures, it said that it would revise its schedule of new projects, tighten up its cost controls and promote...Read More