April 2018

EUROPE STAINLESS STEEL: Base prices stable amid low activity, nickel volatility

The base price assessments for both flat and long stainless steel products in Europe have remained unchanged over the past week amid low market activity and volatility in the nickel price, sources told Metal Bulletin on Friday April 20.

More uncertainty ahead for manganese alloy prices, OMH says

High manganese ore prices and price dislocation between ore and alloy will cause further alloy market uncertainty, benefitting integrated producers, mining group OM Holdings (OMH) said in its annual report.

China AM: Ferrous futures fall after mid-week gains

China’s ferrous futures trended downward during morning trading on Friday April 20 after a couple of days of strong gains.

China’s domestic stainless steel prices rebound on stronger demand, gains in nickel

China’s domestic stainless steel prices increased over the past week due to a recovery in demand and strong gains in the London Metal Exchange’s nickel price.

China's ZK International plans to quintuple steel output, eyes US market

ZK International Group intends to build a new mill in its native China, to capture a larger share of the demand for stainless and carbon steel pipe that is vitally needed for water and natural gas transmission in the nation's immense infrastructure build-out.

Rio Tinto’s bauxite output up 12% in Q1 vs last year; alumina production slightly lower

Rio Tinto produced 12.7 million tonnes of bauxite in the first quarter of 2018, an increase of 12% year on year, primarily driven by operational improvements, the company said on Wednesday April 18.

East Asian stainless steel market rises again on nickel surge

Import prices for stainless steel in East Asia maintained their upward momentum over the past week, with rapidly rising production costs resulting in higher Chinese offers.

Taiwan starts trade probe into imports of Chinese steel

The Taiwanese authorities have initiated anti-dumping and countervailing duty investigations into imports of various Chinese steel products, as part of an attempt to be exempted from United States Section 232 import tariffs.

Fears of global trade war subsiding, Worldsteel says

Fears that a global trade war would swiftly follow the imposition of Section 232 tariffs by the United States have been overplayed, World Steel Association (Worldsteel) director-general Edwin Basson has said, launching its latest short-range forecast.

GLOBAL FERRO-SILICON WRAP: China stems price losses; Europe, US markets hold

Chinese domestic ferro-silicon prices stabilized last week, with production cuts and a sudden jump in ferro-silicon futures on the Zhengzhou Commodity Exchange supporting the free market.