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A summary of the third-quarter results for 2020 from RHI Magnesita's report released on Friday October 23.
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More China’s magnesia producers boosted their export offer prices this week on the stronger yuan and bullish sentiment.
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Chinese authorities will impose strict regulations on industrial production for the fourth consecutive year in the autumn and winter of 2020-21, affecting 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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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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With less than one month remaining before the presidential election in the United States, Fastmarkets takes a look at how the two main candidates’ platforms could affect the mineral markets.
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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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Export prices for Chinese magnesia have held firm over the past week while the Liaoning provincial government in China continued to push its reforms of the magnesia industry to promote healthy development of the market.
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Sales of passenger cars in Europe slumped again in August after brief signs of a revival in July, according to the latest data from the European Automotive Manufacturers Association (ACEA).
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Argentinian crude steel production decreased by 22.80% year-on-year in August, according to figures from national steel association Acero Argentino.
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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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The Liaoning provincial government in China has released further details on magnesite industry consolidation plans following a meeting in early September, giving confidence to dead burned magnesia (DBM) exporters to raise their offer prices.
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ArcelorMittal has decided not to restart blast furnace (BF) No1 at its plant Fos-sur-Mer in France, the company’s spokesman told Fastmarkets on Friday September 11.
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ArcelorMittal Poland has denied accusations from local trade union Sierpien 80 that it was abandoning plans to relight blast furnaces in its Krakow plant, saying that operations in the steelworks’ hot area will be resumed but “only when it is economically viable,” the company’s spokesperson told Fastmarkets on Wednesday September 9.
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The provincial government of the Liaoning region of China reaffirmed the imposition of production controls on the magnesia industry during a meeting on September 4, with the idea of promoting the healthy development of the market.
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Global demand for magnesia has been cut back by the Covid-19 pandemic, with most magnesia prices falling to their lowest levels since before the market rally in 2017.
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Slow downstream demand for refractory materials amid the Covid-19 pandemic in the first half of 2020 weighed heavily on the raw material market, with output falling by 13.75% to 10.48 million tonnes year on year in the period.
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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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Chinese exports of all grades of magnesia fell again on an annual comparison in July, with global demand showing no significant improvement and relatively slow buying activities.
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China’s magnesia export prices have decreased for most grades over the past week on continued weak demand and oversupply in the market.
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Earlier fears that an outbreak of Covid-19 in Chinese magnesia hub Dalian city will disrupt production and delivery have proven unfounded, with both running smoothly and virus cases falling.
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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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The exchange rate for the Turkish lira has touched record lows against the US dollar, increasing the revenues for the Middle Eastern country’s mineral exporters.
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Chinese exports of magnesia fell on both an annual and monthly comparison in June with most buyers in no hurry to place more orders in a continued weak downstream environment.
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The latest forecasts from Fastmarkets’ team of analysts are ready to view.
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The recent resurgence of Covid-19 infections in Dalian city, Liaoning province, has led to concerns on production and deliveries in China’s magnesia sector, with market participants expecting further impact on deliveries to Dalian port.
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The range widened for the fused magnesia price in Europe on Tuesday July 21, as Chinese material became even cheaper while material from producers in the Eastern Mediterranean held steady.
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Magnesia producers in a number of cities in Liaoning province have received notice that opencast magnesite mining using explosives must be halted from July 1 for at least half a year to reduce air pollution and relieve high magnesia inventory levels, sources told Fastmarkets.
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The latest forecasts from Fastmarkets’ team of analysts are ready to view.
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Chinese exports of magnesia mostly fell year on year in May due to the reduced buying from traditional buyers due to global Covid-19 lockdowns, Fastmarkets understands.
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Crude steel production in Germany fell by 27% year-on-year in May 2020, following a 24% drop in April due to output adjustments made by mills to address the Covid-19-driven deterioration in steel demand, German steel federation WV Stahl said on Wednesday June 24.
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Sales of passenger cars in the EU will fall by 25% year on year in the full 2020 because of the Covid-19 pandemic, the European Automotive Manufacturers Association (ACEA) said on Tuesday June 23.
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Henan refractory production recovered in April and May compared with the first quarter of 2020 with more enterprises returning to normal but refractory raw materials’ markets remain under pressure under a broadly sluggish market.
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The latest forecasts from Fastmarkets’ team of analysts are ready to view.
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China’s magnesia market fell in the week to Tuesday June 9, with lower prices heard in the spot market due to fiercer competition between producers and weak downstream buying, while talks on a new round of stops to magnesite mining in Liaoning province have started, market participants said.
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Honda and Nissan will restart operations at their respective UK facilities today following pandemic related shutdowns, the companies said on Monday June 8.
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Global demand for steel will decrease by 6.40% year-on-year in 2020 due to the effects of Covid-19 pandemic lockdown measures, the World Steel Association (Worldsteel) said on Thursday June 4.
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Lower rates of operation and a new round of environmental inspection in Liaoning province failed to support China’s magnesia market, with sufficient stocks and slow downstream buying keeping prices constrained.
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Refractories production in China fell to 1.65 million tonnes in April, down by 4.1% year on year, according to data from the China Association of Refractories.
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Spain’s steel production declined in April due to Covid-19-related restrictions, with output sinking below the figures reached over the “worst months of the financial crisis in 2008,” Unesid, the country’s steel association, said.
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The latest forecasts from Fastmarkets’ team of analysts is ready to view.
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Chinese exports of dead burned magnesia fell in April from the corresponding month of 2019 due to slow activity from global buyers, while caustic calcined magnesia and fused magnesia exports increased.
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ArcelorMittal plans to restart production at its mill in Bosnia, while Italy’s AFV Beltrame puts one plant on pause and Acciai Terni Speciali cuts output in the week ended Friday May 29.
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China’s ports have resumed normal operations but overseas demand for exported materials remains reduced by the Covid-19 pandemic, resulting in lower container throughput. Most producers of refractory raw materials, however, continued to get limited orders from global buyers.
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The latest forecasts from Fastmarkets’ team of analysts are ready to view.
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Sales of passenger cars in Europe dropped by 76.32% year on year in April 2020, making it the fourth consecutive month of declines.
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The latest forecasts from Fastmarkets’ team of analysts are ready to view.
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Car manufacturer Ford has announced that it intends to restart initial production at two plants in the UK and one in Valencia, Spain, from May 18, which will complete the restart of all its European units, it said on Wednesday May 13.
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China's refractories output fell to 4.10 million tonnes in the first quarter of 2020, mainly due to a slowdown in production caused by the response to the Covid-19 outbreak.
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China produced 6.08 million tonnes of crude stainless steel in the first quarter of 2020, down by 9.04% from a year earlier, according to data released by the China Stainless Steel Council (CSSC) on Thursday May 7.
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