The premium hard coking coal price stayed largely flat in both the cfr and fob markets on Friday April 9 due to weak demand from end-users, market sources told Fastmarkets.
Total crude steel output across 64 major producer countries was 150.2 million tonnes in February 2021, down by 8% month on month but up by 4% from February 2020, the World Steel Association (Worldsteel) said on March 23.
United Arab Emirates-based Dana Steel resumed hot-dipped galvanized coil production at its Dubai facility in June, company chief executive officer Ankur Dana told Fastmarkets this week.
The Shanghai Futures Exchange’s plans to list ferro-chrome futures, potentially this year, will bring welcomed hedging opportunities and may weaken the dominance of China’s stainless steel mills in the ore and alloy markets, participants told Fastmarkets.
China’s cobalt tetroxide prices drifted lower in the week to Wednesday September 1, due to weak demand from battery producers, while cobalt sulfate prices remained rangebound, with producers rejecting lower bids.
Soybean and corn export volumes test port capacity and force competition for finite logistics.
Europe looks to regionalize battery supply chains to capitalize on EV growth.
Battery supply chain participants have prioritized securing lithium in the second half of 2021, but nickel has also been a headache for sourcing directors, who are less concerned about cobalt supplies, a Fastmarkets survey has found.
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