April 2021

EU to set 13.4-34.6% provisional anti-dumping duty on CR stainless steel from India, Indonesia

The European Commission (EC) will set provisional anti-dumping duties of 13.40-34.60% on cold-rolled stainless steel from India and Indonesia, the EC said on Friday April 30.

Export prices for Chinese stainless steel set to soar on rebate removal

Export prices for Chinese stainless steel softened in the past week, but exporters plan to raise their offers after China’s Ministry of Finance said the 13% export tax rebate for such products would be removed from May 1.

Weakening FeCr price in China starts to weigh on European market

The markets for high- and low-carbon ferro-chrome in Europe softened in the week ended Tuesday April 27 following weakening in the markets in Asia, particularly China.

NEWSBREAK: China to cancel some steel export tax rebates from May 1

China will remove the export tax rebate for some steel products from May 1, the Ministry of Finance said on Wednesday April 28.

Trade union calls for strike at Ferroglobe plant to oppose to restructuring

Workers at silicon and manganese producer FerroAtlantica’s Monzon plant in Spain have called a one-day strike on Thursday April 29, after a restructuring of the ferro-alloys production unit was announced, Fastmarkets learnt on April 27.

Ferroglobe to 'restructure' Europe ferro-alloys output

Ferroglobe will restructure its ferro-alloys production plants in France and Spain, which will affect manganese alloys, silicon and foundry alloys output near term, the company told Fastmarkets.

FOCUS: Ferro-titanium producers face scrap challenge on alloy price drop

European ferro-titanium producers are increasingly looking for feedstock alternatives, such as vacuum scrap, to tackle weaker alloy bid prices from consumers in the steel sector.

FOCUS: Rapid use of EU safeguard quotas will support prices, deepen material shortage

Less than a month after the start of the April-June 2021 safeguard quota period for imports of steel materials into Europe, the quotas for a number of products have been either completely exhausted or almost filled.

China’s stainless steel prices decrease on sellers’ need to destock

Chinese stainless steel prices fell in the week ended Wednesday April 21 on sellers’ need to destock and weakness in the nickel market.

China’s FeCr price downtrend continues despite new production cuts

The spot ferro-chrome market in China continued its downward trend in the week to Tuesday April 20, despite some newly implemented production cuts in southern parts of the country.