March 2019

MRI head of trading Martin Riesen leaves company

Martin Riesen, head of trading at storied metals merchants MRI, left the company on Monday March 25, Fastmarkets understands.

GLOBAL CHROME WRAP: Asian alloy prices keep rising on April tenders, power constraints

Long-term contract and import prices for ferro-chrome rose again in China in the week ended Friday March 22 on higher tenders from stainless steel mills and load shedding by South Africa electricity company Eskom.

DAILY SCRAP REPORT: Turkish mills add more cargoes at end of week, as currency tumbles in wake of Trump's Golan Heights comments

Turkish steel mills added two more cargoes to round off last week's activity before going quiet in the deep-sea scrap markets after the government's response to Donald Trump's Golan Heights comments.

TURKEY FERROUS SCRAP: Auto-bundle prices up but ship scrap slips on dollar rate

Turkish domestic auto-bundle scrap prices have gone up over the past seven days, while ship scrap prices fell because the country’s lira has weakened against the US dollar, sources said on Monday March 25.

Vale's Brucutu mine to resume operations later than expected

Vale’s Brucutu iron ore mine in Brazil will not resume normal operations as early as was intended, the Brazilian miner said on Monday March 25.

IRON ORE DAILY: Prices rangebound on supply disruption in Australia, Brazil

Physical iron ore prices were rangebound on Monday March 25 amid mixed news about Australian and Brazilian supplies.

COKING COAL DAILY: Lower offers weigh on seaborne market

Seaborne coking coal prices fell across the board on Monday March 25 after lower offers emerged in the market.

FOCUS: Ramp-up in Chinese zinc production to accelerate in Q2, sources say

A ramp-up in Chinese zinc production is expected to accelerate from the second quarter of this year, boosted by the completion of upgrades at smelting facilities across the country and a surge in treatment charges (TCs) amid a relatively oversupplied raw materials market, sources told Fastmarkets.

Subdued Chinese demand weighs further on seaborne iron ore concentrate, pellet prices

Prices for seaborne iron ore concentrate and pellets weakened further last week in the absence of any improvement in demand from China.

Ukraine’s Metinvest to cut pig iron sales in favor of higher slab, HRC exports, CEO says

Ukraine steelmaker Metinvest will redirect some of its merchant pig iron output to steel production, increasing slab and hot-rolled coil exports, chief executive officer Yuriy Ryzhenkov told Fastmarkets in an interview.