Holly Chant

1 month ago | fastmarkets.com | Tina Tong |Holly Chant |Jessica Long

The east Asian country’s port inventory levels dropped to a mid-point of 3.66 million tonnes (within the range of 3.58-3.74 million tonnes) on March 10, down from over 6 million tonne through much of October and all of November of last year, according to Fastmarkets’ weekly estimation of combined manganese ore stocks at Tianijn port and Qingzhou port. Stocks were assessed at 3.77-3.87 million tonnes on March 17. The latest stocks data will be published later on Monday March 24.

2 months ago | fastmarkets.com | Julia Bolotova |Holly Chant

On February 10, Trump’s administration announced a decision to impose tariffs on steel imports at a rate of 25%, as was first done in 2018, during Trump’s first term as US president. This would eliminate previous exemptions and tariff-rate quotas for the EU and UK, with the new tariff rate to take effect on March 12. The US tried to justify the higher tariff by citing rising steel import volumes from the EU and UK, whose share of the US import sector increased to 20.7% in 2024 from 18.6% in 2020.

Oct 25, 2024 | fastmarkets.com | Tina Tong |Holly Chant

Prices for seaborne high-grade manganese ore have plunged in October 2024, with producers announcing cuts to production and exports amid poor levels of purchasing in ChinaBut the most recent price drop was merely the latest dramatic move in a period of increased volatility, following the suspension of operations at South32’s Groote Eylandt Mining Co (GEMCO) manganese ore facilities in Australia.

Oct 22, 2024 | fastmarkets.com | Holly Chant

But while global steel demand may benefit next year from some improvement in the performance of China’s construction sector, its struggling end-use industry is forecast to continue to weigh on domestic demand in the world’s biggest steel-producing nation into 2025. Worldsteel forecasts that global steel demand will fall by 0.9% in 2024 to 1,751 million tonnes, from the 1,892 million tonnes produced in 2023, according to its Short Range Outlook (SRO) for 2024 and 2025, published on October 14.

Apr 18, 2024 | metalbulletin.com | Holly Chant

Welcome to Fastmarkets MB now incorporating Steel First All Steel First prices, news and market analysis can be found here on www.metalbulletin.com <![endif]--><![endif]--> European steel hollow sections prices moved down in the month to Wednesday April 17, amid weak end-user demand and falling hot-rolled coil feedstock costs, sources told Fastmarkets. ... April 18, 2024 12:37 GMT London...