July 2021

CHINA VANADIUM SNAPSHOT: Prices fall on weaker demand

Key data from Fastmarkets’ pricing session in China on Thursday July 29.

PRICING NOTICE: Proposal to update Fastmarkets Metals & Mining assessment methodology

Fastmarkets is launching a one-month consultation on several proposed updates to the wording of its assessment methodology.

AT GLANCE: Evraz steel products sales up 6%, vanadium down 3.6%

A summary of sales figures from Russian steelmaker and vanadium producer Evraz for the April-June quarter of 2021, according to the company’s trading report published on Thursday July 29.

India’s Jindal Stainless plans major increase in melting capacity

Indian steelmaker Jindal Stainless (JSL) plans to add 1 million tonnes per year to its melting capacity with a major brownfield project scheduled for completion in late 2023, the company said this week.

IN FIGURES: China’s stainless crude steel output rises 21% in H1

China produced 16.24 million tonnes of crude stainless steel in the first six months of 2021, up by 20.82% from a year earlier, according to data released by the China Stainless Steel Council (CSSC) on Tuesday July 27.

China's stainless steel prices rise despite emergence of S Korean duties

China’s stainless steel market was unaffected by anti-dumping duties that emerged from South Korea in the past week, with prices rising amid tightening supply and costlier raw materials.

Boost for China’s ferro-chrome market from 13-year-high tender

China’s domestic and imported ferro-chrome prices were both boosted again in the week ended Tuesday July 27 after major stainless steel mills raised their August tender prices by 2,400 yuan ($369) per tonne from the previous month, to a level not seen in the past 13 years.

Indian steel industry welcomes govt incentives for specialty steel segment

Steelmakers in India have welcomed a newly approved Production Linked Incentive (PLI) program for the specialty steel sector to encourage domestic production, new investment and reduce imports.

Tsingshan issues highest ferro-chrome tender price in 13 years

China’s leading stainless steel producer, Tsingshan Group, has set its tender price for August-delivery ferro-chrome at 10,795 yuan ($1,665) per tonne, the company announced on Monday July 26. This is its highest tender price since September 2008.

IN CASE YOU MISSED IT: 5 key stories from July 23

Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.