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Exchange rate fluctuations are adding to an ongoing sluggish demand scenario
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The approach of the International Maritime Organization’s (IMO) 2020 sulfur cap has sparked concern among international shipping companies, with many questioning how they will comply with the new regulation.
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The steelmaker will only restart operations at Krakow when conditions in the flat steel market improve, it said.
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The Chinese semi-finished, long and flat steel producer has agreed to acquire the British company after the UK government's Official Receiver said it prepared to start talks with other parties.
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Market participants see little impact on the graphite, fused alumina and magnesia markets from Shandong's new round of winter output restrictions.
By Carrie Shi, Huaqing Fu and Sybil Pan
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Rise in Asian steel output last month from a year earlier more than offset by falls elsewhere, Worldsteel data shows.
By Paul Lim
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Fastmarkets IM looks at three key takeaways from China’s first Fused Alumina Trade Show, held in Sanmenxia in China’s Henan province over October 22-24.
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Authorities in China’s Henan province are turning the screw on local producers in their attempts to further improve air quality in the province’s main industrial areas, but this has not helped to support prices.
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Demand for both domestic and imported steel in Brazil fell year on year in September.
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The London Metal Exchange has no plans to stop adding to its contract suite, with new additions expected in 2020, chief executive Matthew Chamberlain told Fastmarkets.
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Increasing output from China’s domestic steel industry has not brought strong demand for refractory materials, with prices under mounting pressure.
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The bearish phase of the commodity cycle and weak end-user markets will mean consumers of raw materials will only source only as much as they are sure to use in the short term.
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Demand for refractory and foundry equipment in Europe is sagging due to a "challenging market environment" in steel, Vesuvius says.
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The supply chains of refractory raw materials as well as finished products could be drastically affected by China’s economic performance and political stance, but refractories operators lament a lack of visibility for strategy planning.
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Martina Merz takes over from interim chief executive Guido Kerkhoff, who led the company since July last year.
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Key takeaways from the 62nd Colloquium on Refractories, held in Aachen, Germany, on September 25-26
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Refractories manufacturers and suppliers of raw materials alike see further bearish conditions affecting the whole industry in 2020, and expect market conditions to worsen further.
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Market fundamentals continue to point to a supply surplus amid weak demand, which could affect prices for next year, attendees at the 62nd International Colloquium on Refractories 2019, held in Germany on September 24-26, said.
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Crude steel production in Asia grew by 6.2% year on year, while European Union and North American output fell by 2.2% and 3.1% respectively.
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The company said it is "eager" to resume works at the bauxite residue deposit following the end of the final embargo on the facility last week.
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The company was ordered to halve alumina production at its Alunorte refinery in March 2018 and subsequently lowered bauxite production at its Paragominas facility since less feedstock was required.
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The autumn and winter of 2019-20 will be the third consecutive year when Chinese authorities impose strict regulations on industrial production across a number of cities and provinces in the north of the country, with output expected to be curtailed for as long as six months.
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Refractory-grade bauxite and fused alumina prices remained relatively stable amid supply disruptions caused by Beijing’s environmental efforts and dampened demand from end users.
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The federal court in Belém, Brazil, has lifted one of the embargos on Alunorte’s new bauxite residue deposit area, producer Norsk Hydro announced on Friday September 20.
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China’s shipments of refractory-grade bauxite to the international markets was lower year-on-year in July on slow demand from global buyers and disrupted supply within the country.
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Exports in August and the first eight months of the year were both down year on year due to weak overseas demand.
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Prices for ground and medium soda material have dropped in quarterly and half-yearly contracts, but the prices for both brown and white fused alumina have ticked up slightly.
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The joint petition requests permission to resume the installation and commissioning at Alunorte's solid waste deposit 2 in Brazil.
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The Chinese alumina refinery is set to resume production in mid-September after it was ordered to halt operations in May.
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Brown and white fused alumina prices are easing in China, even with the emergence of supply concerns caused by pollution controls in Henan province.
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Brazilian apparent steel consumption fell in July on an annual basis, while weak economic performance pushed down domestic sales and imports alike, national steel association Aço Brasil said on Monday August 19.
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Chinese steel output has fallen since June on lower demand and production restrictions in the north.
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The producer expects market uncertainty to continue in the second half of the year, potentially leading to more destocking from customers in the steel division, while the industrial and non-ferrous sectors performed better.
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Finished products shipments were lower compared with July 2018 but rose month on month due to more competitive Chinese prices when the orders were placed.
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Chinese shipments of alumina products to international markets dropped by 34% year on year in the first half of 2019, Fastmarkets learned.
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A summary of Rusal’s production and financial results for the half year ended on June 30, 2019.
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Major Chinese steelmakers’ daily crude steel output rates dipped in early July, though they continued to produce at an average that just exceeds 2 million tonnes per day.
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An explosion has closed off Rusal's Achinsk alumina refinery.
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The Brazil-base alumina refinery has ramped up its output gradually since the federal court removed the production embargo in May.
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The ACEA said the year-on-year drop was due to there being fewer working days in June this year.
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The daily crude steel output rates among China’s major mills held steady in mid-June in spite of steelmaking restrictions in the country’s production hub of Tangshan.
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Alumina production down, bauxite output marginally up in January-June this year, Rio Tinto says in half-year report.
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China’s crude steel and finished steel output both increased by about a 10th in the first six months of 2019 amid steady growth in demand and healthy profit margins for steelmakers in the country.
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Almatis said it will focus on core businesses and expand its footprint in higher value-added products.
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Here is a selection of main takeaways from the GIFA and Metec trade show held in Dusseldorf, Germany, on June 25-29.
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Brazil’s steel import volumes decline on lower volumes from China, Turkey
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Mutares has completed the purchase of the TrefilUnion wire products mills in France for an undisclosed sum. The mills are a “perfect” fit, the Mutares CEO said.
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Alcoa has signed a conditional share purchase agreement with Swiss private equity firm Parter Capital Group for the firm to acquire Alcoa’s La Coruña and Avilés smelters in Spain, the aluminium producer said on Friday July 5.
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The chief executive of major refractories producer RHI Magnesita says that consolidation in the industry is likely to continue.
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Buyers of calcined alumina are putting downward pressure on producers’ prices during second-half contract negotiations, with sentiment turning because of weaker end markets.
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