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Passenger car sales in the European Union declined month-on-month in October 2021 due to the continuing global shortage of semiconductors for use in onboard electronics, making it the fourth consecutive month to show a double-digit percentage decrease.
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Fastmarkets is inviting feedback from the industry on its pricing methodology for industrial minerals, as part of its announced annual methodology review process.
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Industrial minerals producer and processor Imerys Group has applied a surcharge on fourth-quarter shipments of fused alumina products from two European facilities following recent increases in local energy costs, the company confirmed to Fastmarkets.
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Andalusite market participants said availability is tightening and prices have risen owing to a combination of supply hiccups in some origins and increasing costs of shipping.
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The chaos being experienced in the global container shipping industry is expected to continue for some time with a shortage of an estimated four million boxes creating havoc with congestion, routes and freight rates, according to an executive at logistics conglomerate DP World.
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Industrial mineral group Imerys attributed rising revenues and income in the first quarter of 2021 to a recovery in the global economy and in its end markets.
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Sales of passenger cars in the EU rocketed by 87.30% year-on-year in March 2021, the European Automotive Manufacturers Association (ACEA) said on Friday April 16.
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China’s crude steel, hot metal and finished steel production all rose sharply year on year in March and the first quarter of 2021, according to data released by National Bureau of Statistics (NBS) on Friday April 16.
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Fastmarkets will discontinue the publication of the andalusite fob South Africa price assessment with effect from Thursday March 11.
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UK-registered refractory producer Vesuvius reported a sharp drop in demand for its products in 2020, driven by a slowdown in global economic activity in the wake of the Covid-19 pandemic.
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Higher logistics costs and a steadier flow of inquiries have supported the andalusite market in the three months to Thursday February 25.
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Global crude steel output increased by 4.8% year on year to 162.9 million tonnes in January 2021, the World Steel Association (Worldsteel) said on February 26, marking the third monthly consecutive increase.
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Refractories and industrial mineral group Imerys reported a sharp drop in revenues over 2020 before making a modest recovery over its fourth quarter, it said in its earning report.
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Sales of passenger cars in the EU dropped by 24.04% year-on-year in January 2021, the European Automotive Manufacturers Association (ACEA) said on Wednesday February 17.
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Fastmarkets is seeking feedback on its proposal to discontinue the andalusite fob South Africa price assessment because liquidity is concentrated on the cif Europe assessment.
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The latest coronavirus lockdown declared in Peru by local authorities will not affect andalusite mining operations in the country, Fastmarkets has learned.
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South African andalusite miner Andalusite Resources will be taken over by a local mining consortium, paving the way for the company to exit business rescue status and secure its position as a supplier of the mineral, Fastmarkets has learned.
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Refractory raw material consumers are likely to face shortages in bauxite, with the continued supply and logistics bottlenecks from China coming against a low-stock situation in destination markets.
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View the Fastmarkets holiday pricing schedule for 2021 and 2022.
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The United Kingdom and European Union have reached an agreement on a trade deal that will ensure tariff-free trading of most goods between the country and the bloc after December 31 when the withdrawal transition period ends, easing metals and minerals market participants’ fears of logistics paralysis and material shortages.
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Andalusite buyers are seeking flexibility for 2021 supply volumes due to uncertain conditions in refractories' end market, as negotiations for new contracts proceed slowly.
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Member mills of the China Iron & Steel Association (Cisa) raised their crude steel production in early December compared with the preceding 10 days, according to data published by the association on Tuesday December 15.
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Crude steel output in Germany increased in October 2020, rising for the first time since February this year, German steel federation WV Stahl said on Monday November 23.
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China’s crude steel, hot metal and finished steel output continued to grow on a year-on-year basis in October, according to data released by the country’s National Bureau of Statistics on Monday November 16.
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With China significantly ahead of the curve in terms of economic recovery after Covid-19, its ambitious infrastructure investments have been under the spotlight because of the enormous boost to domestic consumption - especially demand for steel products.
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A summary of ArcelorMittal's financial results for the third quarter of 2020.
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A summary of results from France-headquartered minerals producer and processor Imerys for the third quarter of 2020, released on Monday November 2.
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The latest forecasts from Fastmarkets' team of analysts is ready to view.
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Thirty years from now, the global steel industry will likely use more briquetted iron products and scrap and hardly any steelworkers, executives said during the "Steel Industry 2050" panel at Fastmarkets' 2020 Steel Success Strategies Online conference.
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Demand for steel in the European Union dropped by 25% year on year in the second quarter of 2020 and while European steel association Eurofer expects the pace of decline to slow in the fourth quarter, it believes demand will not recover until late 2020-early 2021.
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Merger-and-acquisition activity in the metals sector should pick up in 2021, Vince Pappalardo, managing partner of Brown Gibbons Lang & Co, told attendees during Fastmarkets' 2020 Steel Success Strategies Online conference on Tuesday October 27.
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The numbers of cases of Covid-19 infection have begun to grow once more across Europe, and Fastmarkets has heard the fears of various market participants about the consequences that any new restrictions or lockdowns could have for the steel sector.
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ArcelorMittal will permanently close its Krakow steelworks' hot area due to the dramatic effects of Covid-19 on the European steel market, but coke plant and rolling mills will remain operational, the company said on Thursday October 8.
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Fastmarkets opened a consultation on September 1, 2020, inviting feedback on its industrial minerals methodology in line with our annual methodology review process.
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The refractories environment was unlikely to return to a pre-Covid-19 state before 2022, attendees at an industry conference were told on Wednesday September 16.
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Fastmarkets is inviting feedback from the industry on its pricing methodology for its industrial minerals, as part of its annual methodology review process and compliance with the International Organization of Securities Commissions (IOSCO) principles for PRAs.
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Refractory grade bauxite prices in China dropped in the two weeks to Thursday, August 20 amid “extremely slow” demand, while both brown fused alumina (BFA) and white fused alumina (WFA) prices remained under pressure.
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The industrial mineral group Imerys will buy Turkish refractory producer Haznedar to further establish itself in the attractive Turkish market, it said.
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Road freight in South Africa has been slow to return to normal operations following demonstrations on Tuesday July 7 in which vehicles were set alight and drivers threatened, adding to the Covid-19-related problems that have affected the country’s logistics.
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Protests on Tuesday July 7 have halted road freight transportation in South Africa.
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Spikes in the numbers of Covid-19 infections around the globe are causing a resurgence in the use of lockdown measures, threatening to slow the recovery of economic activity.
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The availability of andalusite tightened following closures in key producing countries and ongoing delays in shipping, prompting higher prices for material delivered into Europe.
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Producers of andalusite in various countries have been able to restart operations after Covid-19 pandemic lockdowns, although they warned that a return to pre-closure output volumes will be slow and gradual.
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Andalusite production remains idle in Peru following an extension of the country’s lockdown measures until May 11.
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Some metal-product cargoes can now be shipped out of Durban, almost one month after the biggest terminal in sub-Saharan Africa stopped handling such material amid a nationwide lockdown intended to contain the spread of the Covid-19 pandemic, Fastmarkets has learned.
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The global andalusite industry is taking stock of the effect of weeks of closures in all major origins on supply, with some sources estimating output could be short by as much as 20,000 tonnes this year.
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South African andalusite producer Andalusite Resources will gradually resume mining operations with new production expected in one to two weeks, Fastmarkets has learned.
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British refractories producer Vesuvius has withdrawn its 2020 financial guidance due to “insufficient visibility” to assess the full consequences of the Covid-19 pandemic on its wider business.
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Refractory grade bauxite remained mostly flat amid a quiet seaborne market and poor availability over the past fortnight. Brown fused alumina (BFA) ticked up while white fused alumina (WFA) dropped, and participants warned of a potential cliff edge in demand ahead.
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A government-decreed lockdown in India has resulted in closed factories and import and export markets stalled by a lack of workers for the transport and processing of goods.
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