Here are five Fastmarkets stories you might have missed on Tuesday October 5 that are worth another look.Ukrainian authorities are preparing to ban scrap exports from the country to help local steelmakers.The heads of companies representing one-third of the world's mining and metals industry...Read More
Decarbonizing the shipping industry is likely to be tougher than efforts to remove its sulfur emissions, according to an executive at Oldendorff Carriers GmbH & Co.The shipping company's director of business development and strategy told a webinar that efforts by the International Maritime Organization (IMO) requiring the marine sector to cut sulfur emissions by more than 80% had been much more su...Read More
Base metals prices on the London Metal Exchange were mainly weaker on the morning of Tuesday October 5, while markets consolidated recent gains. But volumes have been light with Chinese participants absent due to the weeklong National Day holiday (October 1-7).Asia-Pacific equities weaker this morning as they followed Monday's weakness in the United States.Brent crude oil price back above $81 per...Read More
The challenges with container shipping, including port congestion and supply chain disruptions, are likely to continue for some time, according to an executive at shipping company Oldendorff Carriers GmbH & Co.Scott Bergeron said that while Oldendorff is a dry bulk cargo shipping firm, it was receiving a surprising number of enquiries from traditional container shipping cargo owners asking for hel...Read More
Turkish deep-sea scrap import markets remained subdued on the second working day of the week, with both mills and suppliers quiet, market participants said on Tuesday October 5.The most recent deal heard was late on Friday October 1, when a steel mill in the Iskenderun region booked a European cargo comprising 5,000 tonnes of heavy melting scrap 1&2 (80:20) at $440 per tonne, and 3,000 tonnes of s...Read More
Ukrainian authorities are preparing to ban scrap exports from the country to help local steelmakers.The Cabinet of Ministers of Ukraine published a draft decree on September 30, which suggests banning the export of ferrous scrap outside Ukraine until the end of 2022.In July 2021, the country's national steel union Ukrmetallurgprom called for a ban on scrap metal exports after export volumes of the...Read More
Decarbonizing the shipping industry is likely to be tougher than efforts to remove its sulfur emissions, according to an executive at Oldendorff Carriers GmbH & Co.The shipping company's director of business development and strategy told a webinar that efforts by the International Maritime Organization (IMO) requiring the marine sector to cut sulfur emissions by more than 80% had been much more su...Read More
Saarstahl Ascoval, the French subsidiary of Saarstahl, has shipped its first low-carbon steel billet to its Burbach Works, in Saarland, Germany, the company said on Tuesday October 5.The steel was produced via electric-arc furnace (EAF) at Saarstahl Ascoval, in Saint-Saulve, which combines recycling management with a new manufacturing technology using carbon-neutral electricity, the company...Read More
Peru's base metals production largely rose in August versus the same month last year, the exception being zinc with output falling amid lower mined ore grades, according to data published by the ministry of energy and mines, Minem, on Monday October 4.Peruvian copper production totaled 202,942 tonnes in August, up by 4.63% from 193,965 tonnes in the same month last year. In January-August, ou...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 5 that are worth another look.Ukrainian authorities are preparing to ban scrap exports from the country to help local steelmakers.The heads of companies representing one-third of the world's mining and metals industry...Read More
The latest data for the global manganese ore market for the week toOctober 3 2021.Read More
Saarstahl Ascoval, the French subsidiary of Saarstahl, has shipped its first low-carbon steel billet to its Burbach Works, in Saarland, Germany, the company said on Tuesday October 5.The steel was produced via electric-arc furnace (EAF) at Saarstahl Ascoval, in Saint-Saulve, which combines recycling management with a new manufacturing technology using carbon-neutral electricity, the company...Read More
The heads of companies representing one-third of the world's mining and metals industry have signed a letter committing to a goal of net-zero Scope 1 and 2 greenhouse gas (GHG) emissions by 2050 or sooner, in line with the ambitions of the Paris Agreement.Twenty-eight companies, including Anglo American, BHP, Glencore, Rio Tinto and Vale, made a collective commitment as members of the Internationa...Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 5 that are worth another look.Ukrainian authorities are preparing to ban scrap exports from the country to help local steelmakers.The heads of companies representing one-third of the world's mining and metals industry...Read More
Activity remained slow in the European hot-rolled coil market on Tuesday October 5, with buyers and producers holding back from making deals, sources told Fastmarkets. Buyers have sufficient stocks to cover their needs for a couple of months, according to estimations from market sources. Sentiment among buyers has been largely bearish due to reduced demand from the automotive sector, declining imp...Read More
Flat-rolled steel import prices to the United Arab Emirates and Saudi Arabia decreased further during the week ended Tuesday October 5 and buyers preferred to refrain from booking until prices stop falling.End-user demand was still weak in both countries and stock levels were enough for the time being, sources said.Saudi ArabiaIndia offered hot-rolled coil at $930-940 per tonne cfr, down from...Read More
BHP will supply nickel sulfate to a battery making joint venture between Toyota Motor Corp and Panasonic Corp in a move designed to lower carbon emissions in the Japanese battery supply chain. The company said its Nickel West plant in Western Australia will supply the nickel sulfate to Prime Planet Energy & Solutions (PPES), one of Japan's leading lithium-ion battery producers. The batteries will...Read More
Brazilian iron ore export volumes decreased by 10.12% year on year in September, according to figures from the country's economy ministry.Exports totaled 33.68 million tonnes last month, compared with 37.47 million tonnes a year earlier, according to the figures released late last week.Exports from the southeastern Minas Gerais state reached 11.23 million tonnes, down from 14.11 million tonnes in....Read More
Here are five Fastmarkets stories you might have missed on Tuesday October 5 that are worth another look.Ukrainian authorities are preparing to ban scrap exports from the country to help local steelmakers.The heads of companies representing one-third of the world's mining and metals industry...Read More
The mining industry needs collaboration, not competition, if it wants to advance net-zero carbon emissions targets for the sector, a panel of executives said. This means acting immediately now that a growing number of targets have been set, including a commitment on Tuesday October 5 by one-third of the world's mining and metals industry to a goal of net-zero Scope 1 and 2 greenhouse gas (GHG) emi...Read More