TRADE CASE MONITOR: Around the world’s steel markets in October 2020

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in October 2020.

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The sharp rise in demand for lithium is outpacing the growth of an independent US supply chain, Ian Rodger, chief executive officer of lithium development company US Elemental, told Fastmarkets in an exclusive interview on Wednesday June 3.
Chinese zinc smelters expressed concerns of possible production cuts amid fierce competition for concentrates raw materials, as treatment charges (TCs) have dropped to historic lows at the end of May, though byproduct gains from sulfuric acid have still lent strong support to smelters’ margins, sources told Fastmarkets.
Fastmarkets has corrected the rationale for its MB-MNO-0002 manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, which was published incorrectly on Friday June 5 due to incorrect source data.
The Trump administration has concluded its investigation against Brazil under Section 301, with the country’s Trade Representative Jamieson Greer proposing a 25% tariff on the South American country’s imports but putting forth a list of exempted items.
A United Auto Workers (UAW) strike at the American Axle factory in Three Rivers, Michigan, that began on Monday June 1 could lead to reduced demand for automotive steel if not resolved quickly, but analysts disagree on whether it will ultimately have a significant impact.
Half a million tonnes of copper is sitting in US warehouses, and the traders who put it there are starting to wonder whether they’ve built a hedge, or a trap.