IN CASE YOU MISSED IT: 5 key stories from December 12

Here are five Fastmarkets MB stories you might have missed on Thursday December 12 that are worth another look.

Middle Eastern steel producers need to diversify their product lines to survive weakening demand in the region, according to Saeed Ghumran Al-Remeithi, the chief executive officer of the United Arab Emirates’ biggest steelmaker, Emirates Steel.

China’s domestic stainless steel prices dropped over the past week due to inventory pressure experienced by a major mill, which went on to weigh on export prices.

Chinese lithium producer Ganfeng Lithium has signed a long-term supply agreement for lithium compounds with BMW to supply their designated battery or cathode makers, it said on December 12.

A string of long-term deals for cobalt hydroxide show that bullish forecasts for cobalt consumption from the electric vehicle sector are coming into play.

China’s spot silico-manganese price rose in the week ended Friday December 6 and has maintained the upward momentum so far this week after some alloy smelters raised their offers amid an increase in futures prices and growing buying interest from mills and traders.

What to read next
Fastmarkets will discontinue its consumer buying price assessments for machine shop turnings in the Cleveland and Pittsburgh markets effective Tuesday June 6.
Fastmarkets has decided to proceed with the launch of a new European low carbon ferro-chrome price covering material with lower chrome content.
Fastmarkets invites feedback on a proposal to increase the publication frequency of non-exchange-deliverable equivalent-grade (EQ) copper cathode premium, cif Shanghai, from once every two weeks to once every week.
The outlook for North American steel scrap prices has headed further into bearish territory ahead of June’s trade, with prices for all grades expected to fall again after a round of across-the-board decreases in May
Fastmarkets is inviting feedback on a change of publishing time for our ferro-chrome price in the Chinese domestic market as well as ferro-chrome import prices in Japan and South Korea, to 5-6pm Shanghai time from 2-3pm London time.
Fastmarkets is inviting feedback on a proposal change the publishing time for our silico-manganese, ferro-manganese and manganese ore port prices in China, to 5-6pm Shanghai time from 2-3pm London time.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed