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Brazilian steel demand is set to grow in 2020 and support higher domestic prices, Companhia Siderúrgica Nacional (CSN) said in a presentation filed with securities commission CVM.
Rising secondary aluminium prices in Asia helped drive European secondary aluminium ingot prices up last week from its recent decade-long low.
Tender price cuts by leading stainless steel mills in China have prompted lower spot prices for ferro-chrome and chrome ore.
The seaborne price of low-grade manganese ore in China jumped during the week ended Friday December 6, after some Chinese buyers accepted higher-than-expected offers for limited volumes of material.
European ferro-vanadium prices weakened last week on quiet spot demand, with the market’s attention still focused on long-term contract negotiations which are taking place later than usual this year, sources said.