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Global insight

European Metals raises funds for Cinovec

Triple listed European Metals Holdings has raised A$7.1-million through a share placement to institutional and sophisticated investors, to further assist in the development of its Cinovec lithium/tin project, in the Czech Republic.

Wednesday, February 3, 2021

China mills CNY iron ore buying continue, but less

Chinese steelmakers’ building up more iron ore stocks for the uninterrupted production during the approaching Chinese New Year (CNY) holiday over February 11-17 has gradually entered the second half, with some mills have procured relatively sufficient ores ev...

Wednesday, February 3, 2021

S African manganese ore miners Assore, UMK declare force majeure

S African manganese ore miners Assore, UMK declare force majeure

Wednesday, February 3, 2021

India suspends anti-dumping duty on some steel products from China

India said on Monday it will temporarily withdraw duties on some steel products imposed to stop dumping mainly from China, after a spike in domestic prices hit job-creating small and mid-sized manufacturing companies.

Wednesday, February 3, 2021

U.S. steel imports rose 9% month-on-month in December, down 21.2% year-on-year

The American Iron and Steel Association (AISI) compiled a report based on preliminary data released by the US Census Bureau that the imports of steel in December were 1.494 million short tons (1.3553 million tons), an increase of 9% from a month earlier.

Wednesday, February 3, 2021

Crude steel production in the United States increased by 0.5% in the last week of January

According to the American Iron and Steel Association (AISI), the last week of January (as of 30 January 2021), the US crude steel production is estimated at 1.725 million short tons (1.5649 million tons), down 9.5% from 1.906 million tons in the same period la...

Wednesday, February 3, 2021

US HRC: Prices flat for first time since August

The Argus weekly domestic US HRC index was flat at $1,200/st ex-works Midwest last week. Lead times fell to 7-8 weeks from 8-9 weeks.

Wednesday, February 3, 2021

Russian ferrous raw material supply tightens in 2020

Russian integrated steel producers NLMK, Severstal and MMK increased raw material production in 2020.

Wednesday, February 3, 2021