March 2020

Spot zinc concentrate TCs swing from highs to lows as key mining regions hit lockdown

Zinc concentrate treatment charges (TCs) are dropping in China with smelters and traders scrambling to cover shortfalls in supply feed left by shuttered mines.

INDIA LOCKDOWN: Import trading pauses while logistics nightmare strands material at ports

The lockdown in India has caused a variety of logistical issues resulting in imported scrap material becoming stranded at ports and leading to potentially large charges at a time when trading has come to a sudden halt, market sources have told Fastmarkets.

DAILY SCRAP REPORT: Indices crash for the third time in two weeks

Turkish deep-sea scrap import prices fell sharply for the third time in two weeks amid the Covid-19 pandemic, which has brought steel trade to a halt and led to closures or production cuts, sources said on Monday March 30.

South Africa’s lockdown casts uncertainty into seaborne manganese ore market

A nationwide shutdown in South Africa means local manganese ore miners have not been able to produce nor ship material since midnight on Thursday March 26, causing liquidity to dry up for low-grade material over the latest pricing session, market sources told Fastmarkets.

Trade log March 2020: Ferro-vanadium, V2O5

The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe and China.

WEEKLY SCRAP WRAP: Prices crash further amid Covid-19 outbreak

Global ferrous scrap prices continued to fall sharply in major markets during the working week from Monday March 23 to Friday March 27, because of the worsening Covid-19 pandemic.

South Africa’s Covid-19 lockdown checks chrome ore, alloy price downtrend in China

The downtrend in the UG2 chrome ore price was capped in the week to Friday March 27 after South Africa entered a 21-day lockdown to combat the spread of the Covid-19 virus, also lending support to the Chinese domestic high-carbon ferro-chrome market.

TURKEY FERROUS SCRAP: Local prices down on decline in import values

Turkish domestic scrap prices have continued to fall in the past week, in line with the sharp downturn in imported scrap values due to the Covid-19 virus outbreak, sources said on Monday March 30.

China alumina price drops 4% on smelter capacity closures

The Chinese alumina price dropped sharply on Thursday March 26 on shrinking demand from aluminium smelters, several of whom put part of their capacity on maintenance to avoid further losses.

EMR announces cuts in UK operations due to coronavirus

European Metal Recycling (EMR) has shut down part of its operations in the UK due to the Covid-19 virus outbreak, the company said on its website on Friday March 27.