September 2019

CAPACITY WATCH: E China’s Changjiang Steel starts construction of 140-tonne EAF

Changjiang Iron & Steel has started construction on a 140-tonne electrical-arc furnace in eastern China, according to a notice released by its parent company, Maanshan Iron & Steel late last week.

China’s steel output rises in August

Chinese output of hot metal, crude steel and finished steel all increased in August on both a month-on-month basis and from a year earlier, China’s National Bureau of Statistics said on Monday September 16.

EXCLUSIVE: Renegotiation of iron ore pellet premiums for Q4 sets stage for shorter-term pricing

The pellet segment of the seaborne iron ore market is starting to show signs of moving from annual contracts to shorter-term ones.

IN CASE YOU MISSED IT: 5 key stories from September 12

Here are five Fastmarkets MB stories you might have missed on Thursday September 12 that are worth another look.

FOCUS: Metals industry sees roadblocks to HKEX-LSE deal

The proposal by Hong Kong Exchanges & Clearing Ltd (HKEX) to buy the London Stock Exchange Group (LSEG) has raised a number of questions among metals market participants, most of whom are skeptical that the deal will go through during a time of political upheaval.

China's Shagang raises long steel prices for mid-September

Eastern China’s Shagang has raised the list prices for its rebar and wire rod booked in mid-September.

Egyptian decision on steel billet, rebar safeguard duties postponed until October 5

The Supreme Administrative Court of Egypt has again postponed its decision on the possible re-imposition of safeguard duties on billet and rebar imports and will not discuss the matter until October 5, Fastmarkets understands.

China’s daily crude steel output flat in mid-August

Major Chinese steel mills’ daily crude steel output rates were largely unchanged in mid-August, but their finished steel inventories increased.

EU authorities approve adjustment of import quota increase to 3%, market sources say

European authorities have approved an adjustment to the safeguard quota system, lowering the annual quota increase amount to 3%, as part of a review of the existing safeguard mechanism on September 4, market sources told Fastmarkets on Friday September 6.

ArcelorMittal Italia to continue production despite adoption of Crescita decree [UPDATE]

Flat steel producer ArcelorMittal Italia will continue operations at its plant in Taranto, Italy, with a new decree granting the steelmaker temporary legal immunity for breaches of environmental regulations, the company has announced.