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Chinese lead smelters turned more bearish on the procurement of raw materials in the week to Friday February 13, amid heightened price volatility in silver, which is often contained in lead ores as an important by-product and contributor to smelter profits, sources told Fastmarkets.
The outbreak of conflict between the US, Israel and Iran on February 28 has brought shipping through the Strait of Hormuz to a near halt, disrupting China’s steel exports to a region that accounted for 14% of its total finished steel export volume in 2025.
The recent wave of anti-dumping measures approved in Brazil has been met with some concern in China — the country most affected by the Brazilian government’s decisions in this case — but despite the negative impact, Chinese participants see the moves as just another phase of doing business.
Key takeaways: The indices for locally produced brown testliner and fluting showed minor drops in February. Fastmarkets calculated its monthly PIX Testliner GCC index at $462.20 per tonne on March 3, down by $0.18 per tonne (0.04%) from $462.38 on February 3. Fastmarkets calculated its PIX Fluting GCC index at $438.15 per tonne on March […]
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