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The metals and mining markets are constantly changing. Stay connected to the stories driving change across the global metals markets, including the lasting effect of Russia’s invasion of Ukraine, energy price hikes, trade flow disruptions and the pull of decarbonization targets.
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Market sources have been puzzled by the gradual upward trend in China’s steel prices after the novel coronavirus (2019-nCoV) broke out in a big way after the Lunar New Year holiday.
Import prices for steel slab in Southeast and East Asia declined over the week to March 9 amid growing uncertainty in the steel markets with the continued global spread of the coronavirus (2019-nCoV).
With the exception of that for lead, base metals prices on the Shanghai Futures Exchange fell heavily during the morning trading session on Monday March 9 after investor confidence was hit by the release of poor Chinese trade data over the weekend.
Here are five Fastmarkets stories you might have missed on Friday March 6 that are worth another look.
While hot-rolled coil prices in the United States remain mostly steady, market participants are increasingly unsettled over what the spread of the novel coronavirus (2019-nCoV) may portend for the domestic steel market.
Without fresh major stimulus announcements, markets have turned risk-off again this morning, Friday March 6.
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