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Korea Zinc has agreed annual supply contracts for lead concentrate from South32’s Cannington mine in Australia with a 25.5% reduction in treatment charge (TC) terms from a year ago.
Turkish steel producers continued to push for lower deep-sea scrap prices, while suppliers in the Baltic Sea and United States continued to maintain higher offers, market participants told Fastmarkets on Tuesday April 20.
Fastmarkets proposes to increase the frequency of its India ferrous shredded scrap index to twice each week because of continued price volatility in the market.
A widening price gap between UG2 chrome ore and Turkish chrome ore in China has emerged since mid-March, when persistently high port stocks and falling domestic ferro-chrome prices weighed on the UG2 market, while the Turkish market has been supported by limited supply, rising costs and good demand, participants said.
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