Despite low market share in Latin America, market participants anticipate collateral effects of Ukraine conflict

Mill operations suspended in Ukraine and energy supply risks loom over Europe

Export prices for Chinese heavy plate increased in the week to Tuesday March 8 amid active trading, which was partly fueled by fears over tightening supply amid the ongoing Russia-Ukraine war

Steelmakers in Russia have been searching for export opportunities with countries that do not support Western sanctions, sources told Fastmarkets on Wednesday March 9

Russia's invasion of Ukraine and the unfolding Western sanctions are expected to worsen the situation for antimony concentrate supplies, adding extra pressure to an already tight market for the metal and its derivative trioxide

"Concerning" situation building in the nickel market for some time means disorder could be ahead

Russia's invasion of Ukraine in February will have a profound effect on flows of material in global metal markets in the long term; in the short term the consequences have been extraordinary

Turkish mills have been forced to pay $6 per tonne more for United States-origin ferrous scrap with the extreme curtailment of Black Sea billet shipments into global markets acutely intensifying demand for Turkish material, and there are more hefty increases for US ferrous scrap export prices on the horizon, sources told Fastmarkets

Key Asian markets Taiwan and the Philippines will have to rely more on higher-priced steel billet from Southeast Asia if they can no longer procure Russian material amid the ongoing Russia-Ukraine conflict, according to sources

Increased concerns over the potential impact of the Russia-Ukraine conflict and volatile price action in LME official nickel prices has caused spot premiums for nickel to surge in Europe while participants seek to secure material