Australian manganese producer Element 25 (E25) said on Thursday it sold a new manganese concentrate shipment from its Butcherbird project at record-high prices, Kallanish reports. The 35,002-tonne cargo of a special high silica manganese concentrate blend left Port Hedland on 24 May. The fob sale price for this contracted shipment was “higher than for any…
East Asian rebar and wire rod import markets continue to be bearish, Kallanish notes. Prices are heard lower this week on sluggish demand. Offers for theoretical-weight rebar for July shipment from Malaysia and the Middle East are heard at $740/tonne CFR Singapore, down from offers at $770-780/t CFR last week. Some trading sources hear that…
The plate and strip differential drum flying shearing equipment coupled with double shear mode and torque closed-loop adaptive transmission system is a new product recently developed by MCC Jingcheng Engineering Technology Co., Ltd. In recent years, in response to the national strategic goal of “carbon peaking and carbon neutrality”, which is a sustainable economic and…
According to world steel data, global crude steel production in April 2022 was 162.7 million tons, down 5.1% from April 2021, but down 5.8% from March 2022, down 5.7% in February and 5.7% in January The year-on-year decrease of 6.1% narrowed by 0.7 percentage points, 0.6 percentage points and 1 percentage point respectively, reflecting the…
Australian lithium miner Pilbara Minerals fetched $5,955/dry metric tonne (DMT) in its latest spodumene concentrate spot auction, Kallanish learns from the company. The results of the fifth auction on the BMX platform on 24 May represent a 5.39% increase from the previous auction on 27 April. Pilbara sold a 5,000-DMT cargo at 5.5% lithia on…
Recently, Pakistan has been in trouble. The country is facing problems such as declining foreign exchange reserves, widening current account deficit, rising inflation and a plummeting currency. In addition, the country’s current account deficit nearly doubled in March, bringing the total deficit for the first nine months of the fiscal year to more than $13…
Vietnam’s steel giant Hoa Fatt has lowered the price of hot-rolled coils for delivery from July to early August by about US$130/ton, and the current offer for SAE1006 grade is about US$793/ton. More information friendship Link： LMM Totai Refractory, LMM Mill ROLLS, LMM CCM, LMM Mechanical Equipment, Intelligent industry, STEEL Metallurgy Industry
The Indian Steel Association (ISA) has requested authorities re-think the imposition of steel export duties as these will discourage investment into steelmaking capacity needed to meet domestic demand growth. The Indian Steel Association (ISA) has requested authorities re-think the imposition of steel export duties as these will discourage investment into steelmaking capacity needed to meet…
The supply of low-priced Russian billet continues to depress and infuse bearishness in the East Asian market, Kallanish notes. Bookings were made at $650/tonne CFR Philippines in the week through 13 May. A trader thinks this involved Black Sea billet. An Indonesian mill was heard to have booked 20,000 tonnes of Russian billet during the…
According to the Ministry of Finance of India on May 21, in order to alleviate the high inflation level in India, the Indian government issued a policy to adjust import and export tariffs on steel raw materials and products on May 22. The import tax rate of coking coal and coke will be reduced from…