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Domestic prices for hot-rolled coil in Europe increased slightly day on day on Friday February 28, buoyed by positive sentiment in the market, sources told Fastmarkets.
The steel export trade from Iran has been hurt by neighboring countries closing their borders due to the appearance of coronavirus infection in the Middle Eastern country, Fastmarkets learnt on Friday February 28.
Battery-grade lithium prices were unchanged in Asia, Europe and the United States in the week to Thursday February 27, with market participants continuing to track the spread of the novel coronavirus (2019-nCov) in South Korea and Europe although both regions are yet to see a great impact on prices, sources said.
The novel coronavirus (2019-nCoV) that originated in China but has since spread to more than 40 countries poses a serious threat to the Chinese nickel market, with demand, and therefore prices, said to be at considerable risk in the short term.
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