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China, the world’s biggest steelmaker, is considering importing hot-rolled coil on possible arbitrage opportunities with Russia and Iran, Fastmarkets understands.
The alumina index on a fob Australia basis fell by 3.4% week on week, moving below $280 per tonne for the first time since May 2017.
A blockade that had restricted production and exports of lead and zinc concentrates from Newmont Goldcorp’s Peñasquito mine in Mexico has been removed, the company said on Wednesday October 9.
The ferro-tungsten price in Europe has increased further due to tight spot supply.
Turkish steel producers resumed booking deep-sea ferrous scrap for November shipment after a short break, sources said on October 9, although prices have now increased compared with previous bookings due to a lack of supply.