September 2020

Failed negotiations leave 15 days to decide future for Aloca’s San Ciprián smelter

The formal consultation process for collective dismissal at Alcoa’s San Ciprián aluminium smelter in Spain has ended without an agreement with the workers’ representatives, the producer said on Tuesday September 29.

Sumitomo confirms San Cristóbal reopening; zinc-lead site at full production

Bolivian zinc-lead producer Minera San Cristóbal has achieved full production after reopening from a 21-day outage in mid-September, the company’s owner and operator, Sumitomo, confirmed late on Monday September 28.

IRON ORE DAILY: Easing October sintering restrictions prompt seaborne price support

Seaborne iron ore prices were up on Tuesday September 29 amid the easing of sintering restrictions in Tangshan over October, trade sources said.

COKING COAL DAILY: Premium prices rise slightly; Chinese market in wait-and-see mode

Seaborne premium hard coking coal prices increased slightly on Tuesday September 29. Demand in India for seaborne materials was good, while most Chinese market participants were awaiting developments in the spot market after the country’s Golden Week holiday.

Ferro-nickel cif China discount narrows on growing buying interest over costlier NPI

The discount paid for ferro-nickel with 26-32% nickel content in China narrowed to the lowest level in three months due to increased buying interest following the big rise in the Chinese nickel pig iron (NPI) price, sources said.

FOCUS: HRC vs iron ore - who is leading whom?

Steel market participants often identify iron ore as the key driver of steel prices because mills typically formulate their pricing strategies based on raw material costs - but this appears to have changed in 2020.

China’s major copper smelters raise Q4 TC/RCs price floor by nearly 10%

China’s top copper smelters agreed to raise the price floor for fourth-quarter treatment and refining charges (TC/RCs) by nearly 10% from the prior quarter at a conference in Ningde city, Fujian province on Tuesday September 29, sources familiar with the matter told Fastmarkets.

Small drop in Turkish steel scrap prices surprises Asian market

Slight decreases in import prices for steel scrap in Turkey in recent days have stunned market participants in Asia who had expected a larger drop.

INTL AL CONF: Key discussion points from this year’s virtual International Aluminium Conference

Here are the key takeaways from Fastmarkets’ International Aluminium Conference that took place on Monday September 21-Wednesday September 23.

Vale suspends concentration at Viga mine; 11,000 tpd at risk

Brazilian iron ore miner Vale has suspended concentration activities at its Viga mine, in the Brazilian southeastern Minas Gerais state, due to a judicial ruling demanding it stops using a related tailings dam, the company said on Monday September 28.