October 2019

BHP's met coal output down 10% in July-September

BHP has reported a 9.6% year-on-year drop in metallurgical coal output in the three months to September, a period during which fob Australia prices for premium hard coking coal fell amid Chinese import restrictions and weak demand outside of China.

LME postpones pre-trade transparency notice, explores alternative

The London Metal Exchange has postponed the publication of a consultation notice outlining its pre-trade transparency (PTT) rule changes this month, and is considering adopting an alternative solution favored by the majority of its members.

NLMK's slab sales to US, European subsidiaries down 43% in Q3

Slab shipments to foreign subsidiaries and affiliates of Russia’s largest steelmaker, Novolipetsk Steel (NLMK), fell by 43% year on year in the third quarter of 2019.

Incoming EC members take aim at metal imports with 'carbon border tax'

Members of the incoming European Commission, expected to take office in November, have released more details of a planned “carbon border tax”, which could levy charges on metal imports into the European Union.

Impact of redoubled US Section 232 tariffs on Turkish steel market said minimal

US President Donald Trump said on Monday October 14 that he will impose a 50% tariff on imports of steel from Turkey in response to that country’s military actions in northeastern Syria.

AT A GLANCE: Ezz Steel H1 earnings down on low steel prices

A summary of the financial results for Egypt’s biggest steelmaking group, Ezz Steel, for the first half of 2019, between January 1 and June 30.

FOCUS: Section 232 fallout in Asian steel, scrap markets persists

As the United States’ Section 232 tariffs on steel imports enter the second half of their second year, ferrous markets across the globe are still reeling from their effects.

China’s finished steel exports fall in September

China’s finished steel exports decreased on a year-on-year basis in September as well as in the first three quarters of the year, according preliminary Chinese customs data released on Monday October 14.

BIR 2019: BIR president Tom Bird to leave role as Chiho’s COO

Tom Bird, the head of Bureau of International Recycling (BIR), will leave his position as the chief operating officer of Chiho Environmental Group in November, Fastmarkets learned on Sunday October 13.

Egypt announces permanent duties for steel billet, rebar and wire rod

The Egyptian Ministry of Trade and Industry announced permanent duties on steel billet, rebar and wire rod on October 10, effective from October 12, Egyptian sources told Fastmarkets.