Magnesia latest news

• March 2021

  RHI Magnesita invests in German capacity

  31 March 2021

  Refractory maker RHI Magnesita will invest €23 million ($27 million) at its Urmitz site in Germany over the next two years. This investment, announced on March 24, underlines RHI’s bullish outlook on refractories in 2021.

• Suez Canal remains blocked, stiff freight rate hikes expected

  26 March 2021

  Global freight markets have been plunged into further chaos this week with the continuing blockage of the Suez Canal now accompanied by rumors of fresh freight rate hikes around the world, sources told Fastmarkets.

• Falling Turkish lira has yet to boost mineral exports

  24 March 2021

  The value of the Turkish currency dropped sharply after President Recep Tayyip Erdogan on March 21 announced the sacking of a third governor of the country’s central bank in less than two years, in a development which could make Turkish mineral exports more competitive.

• IN FIGURES: China’s refractory raw materials exports in January-February 2021

  24 March 2021

  A summary of China’s refractory raw materials exports for the first two months of 2021

• Suez Canal blockage adds further problems for global freight market

  24 March 2021

  A major blockage of the Suez Canal by a large container ship, leading to a vessel traffic jam, is adding to disruption in the global bulk freight markets.

• Complex logistics hurdles affecting China's seaborne bulk shipping routes

  22 March 2021

  High demand for bulk vessel space for mineral raw materials exported from China is driving costs for this transport option higher, with market participants reporting an array of factors that are affecting trading conditions and delivery timelines.

• China sea-freight costs still high as minerals, metals sellers struggle to find vessel space

  16 March 2021

  Logistics for shipping material out of China continues to be a major concern for sellers of minerals and metals, with container freight rates firm at high levels and carriers giving priority to lighter cargoes.

• China’s magnesia market exhibits mixed moves, but optimism remains

  11 March 2021

  China’s magnesia market gave a mixed performance this past week, with both lower and higher offers emerging. Some producers insisted on higher offers in lieu of mining restrictions and increased production costs, while others reduced prices to stimulate sales and improve cash flow.

• AT A GLANCE: RHI Magnesita revenues hit in ‘challenging’ 2020

  08 March 2021

  Refractories maker RHI Magnesita forecasts rising demand in 2021, after a “challenging year,” it said in a financial statement published on Monday March 8.

• AT A GLANCE: Vesuvius sales fall as global steel, vehicle production slow

  04 March 2021

  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.

• World crude steel output up 5% in January 2021

  01 March 2021

  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.