IN CASE YOU MISSED IT: 5 key stories from December 3

Here are five Fastmarkets MB stories you might have missed on Tuesday December 3 that are worth another look.

ArcelorMittal has increased its offer prices in Europe for all flat steel products by €40 ($44) per tonne, effective immediately, market sources told Fastmarkets on December 3.

A second major aluminium producer has offered the light metal for delivery in the first quarter of 2020 to main Japanese ports (MJP) on a cif basis at a premium of $95 per tonne over the London Metal Exchange cash price, three market sources told Fastmarkets on December 3.

Sustained import losses for copper and zinc in November have caused Shanghai-bonded stocks to rise for the two base metals by around 3%, while a reversal of import conditions for nickel encouraged some trading houses to draw down bonded nickel stocks last month.

Deteriorating demand is adding continual downward pressure to Chinese and European alloy prices.

Vanadium prices are unsustainably low and sentiment and prices should improve as evidenced by the recent ferro-vanadium price increase in Europe, Largo Resources chief executive officer Paulo Misk told Fastmarkets.

What to read next
The attack by the Russian army on a hydroelectric power plant in Nova Kakhovka in southern Ukraine on Tuesday June 6 has affected steelmaking operations at Kryvyi Rih, where ArcelorMittal’s Ukrainian steel mill and Metinvest’s mining and processing plants (GOKs) are located, sources have told Fastmarkets
Fastmarkets will launches its price assessment for ferro-chrome low carbon, 0.10% C, basis 60-64.9% Cr, CIF Europe, on Tuesday June 6.
Find out how Mitsui and Kobe Steel seek to reinforce their position in direct-reduced iron (DRI) production in the Middle East with the construction of a low-CO2 iron metallics production plant.
Fastmarkets proposes to launch published netback rates for both purity and incoterm differentials for its aluminium P1020A Rotterdam premiums.
Fastmarkets proposes to amend the publishing frequency of its three calcined alumina prices from monthly to quarterly.
Fastmarkets invited feedback from the industry on the pricing methodology for cobalt hydroxide, min 30% Co, inferred, China, $lb, via an open consultation process between May 4 and June 1, 2023. This consultation was done as part of our published annual methodology review process.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.