Become a customer

VIDEO: Raw materials and China’s defaults

Last week, iron ore prices saw their biggest drop in four years as rumours of Chinese steel mill defaults hit the market.

March 21, 2014
By Generic people page

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

{BrightcoveVideo}
Initially, most people in the market blamed China’s first corporate bond default for the drop in prices. But, as Steel First’s Raw Materials Editor, Michelle Madsen explains in this video, it was really news of a steel mill default that sent prices tumbling.

What to read next
Why China’s new 2024 steel output cut policy is altering value chain dynamics
China’s National Development and Reform Commission (NDRC) will work with relevant parties to regulate crude steel production, with a focus on energy saving and reducing carbon emissions. It will also release guidance on crude steel output for different steel mills later this year after a national investigation on steel capacity
April 19, 2024
 · 
By Jessica Zong
Coils of aluminium wire at a steel plant
US low-carbon aluminium units command premium for first time
The low-carbon aluminium differential in the US made its first move on Friday April 5 since Fastmarkets launched it five months ago.
April 19, 2024
 · 
By Yasemin Esmen
Proposal to amend export steel assessments, billet index from Black Sea
Fastmarkets proposes to amend the specifications of five of its steel products assessments and billet index originating from the Black Sea basin.
April 18, 2024
 · 
By Marina Shulga
Launch of CIF India aluminium scrap price assessments
Fastmarkets launched a suite of CIF India aluminium scrap prices on Wednesday April 17.
April 18, 2024
 · 
By Lee Allen
China’s domestic stainless steel prices rise following metal sanctions on Russia
China's stainless steel prices saw a notable increase last week, driven by global sanctions affecting nickel, which is a key component
April 18, 2024
 · 
By Jessica Zong
Aurubis not considering cuts amid low copper TCs, CEO says | Hotter Commodities
German copper producer Aurubis is among the least likely to consider reducing capacity despite record low treatment charges (TCs), according to its chief executive officer
April 18, 2024
 · 
By Andrea Hotter