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Flat-rolled steel import prices were mostly stable week on week in South America on Friday May 1, after deals became scarce and negotiations for June-shipment cargoes finished with low interest from clients.
The European Commission’s (EC) antitrust authorities granted Europe’s largest copper smelter Aurubis unconditional approval for the €380 million ($417 million) acquisition of Belgian-Spanish recycler Metallo Group, the company said on May 4.
Mining and metalworking in Peru will gradually resume in May after a government order on Sunday May 3 targeted key industries for restarts.
Continuing weak buying interest pushed ferro-tungsten prices to a three-year low in Europe in the week to May 1.
The low-grade seaborne manganese ore indices retreated on May 1, hit by disappointing alloy tender prices and softening local alloys futures prices.