Countries

China: New Height of Steel Exports in January 2015

xinlaisteel – After canceling the export tax of boron steel since the beginning of 2015 officially, the amount of China’s steel exports continues high. According to the latest data from customs, China’s steel exports in January, 2015 was 10.29 million tons, an increase of 52.1%. As a result, China’s monthly ...

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Alcoa’s warning of smelter closures shows impact of falling premiums

  Reuters – A warning by Alcoa that it may reduce smelting capacity is the first concrete sign that lower delivery premiums for aluminium are threatening producers amid low futures prices, traders and industry sources said. The vertically integrated aluminium company announced Friday it would review 14% of its smelting ...

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Copper faces looming supply gap

miningweekly – The level of new copper output will be unable to plug a supply gap that could develop as early as 2017, Canadian diversified miner Teck Resources manager for market research Michael Schwartz told an audience at the Prospectors and Developers Association of Canada 2015 convention. Teck had calculated ...

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EU set to impose duties on Chinese, Taiwan stainless steel

  Reuters – The European Union will impose anti-dumping duties later this month on imports of stainless steel cold-rolled sheet from China and Taiwan, according to two sources familiar with a European Commission proposal. The Commission plans to set tariffs of about 25 percent for imports from China and of ...

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Copper eyes small weekly loss as stronger dollar drags

  Reuters – London copper was headed for a weekly loss as a stronger dollar dented appetite for commodities, while traders said it was too soon after China’s Lunar New Year break to determine the demand outlook in the world’s top user of metals. In the short term, the market ...

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China manganese ore import prices edge lower as demand stays weak

Platts – Prices for manganese ore delivered to China have edged down further this week on the back of prevailing weak demand, as Chinese consumers continued to shy away in anticipation of lower levels. Platts assessed its weekly 44% manganese ore price at $3.45/dmtu from $3.50/dmtu CIF Tianjin a week ...

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Iron-ore at record low on China mill closures

REUTERS – iron-ore hit a record low below $60/t on Friday and posted its biggest weekly fall since mid November as China’s anti-pollution battle threatens to shut more steel mills, cutting demand. The closure of steel mills in an industrial city in eastern China, which sparked fears of a wider ...

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Copper falls after strong U.S. jobs report boosts dollar

  Reuters – Copper prices hit their lowest in more than a week and notched up their biggest weekly loss in six weeks on Friday as the dollar rallied after a strong U.S. jobs report, with investors also worried about lacklustre demand in China. The dollar touched an 11-1/2 year ...

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Venezuelan export hot-briquetted iron (HBI) prices slump on scarce interest

Platts – Venezuelan hot-briquetted iron export prices have fallen sharply as buyers continue to be scarce in the global market, sources said Friday. One source at Briquetera del Caroni’s (BriqCar) said he sold around 20,000 mt of HBI in late February to a European buyer at $190/mt FOB, but its ...

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First Gulf Aluminium Casthouse conference hailed as an industry success

Doha – The first Gulf Aluminium Cast house Conference, 'GulfCast', has successfully come to an end, part of a three-day event taking place from 2nd – 4th March 2015 at Sharq Village & SPA in Doha. The conference was held under the patronage of His Excellency Dr. Mohammed Bin Saleh ...

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