Prices in the fob Australia coking coal market fell on Tuesday June 28 due to persistent weakness in demand from regional markets for cargoes due to arrive in August, sources told Fastmarkets.
The bauxite sector is looking into the feasibility of building refineries in Guinea after the government of the West African country extended the deadline for miners operating there to submit their proposals for such projects, Fastmarkets has heard.
Premiums for copper cathode in China narrowed downward in the past week while those in Italy and the Netherlands strengthened on limited supply and logistical challenges. Premiums in the United States, Southeast Asia, and Germany were stable.
Brazil’s national steelmaker association Instituto Aço Brasil has described a government decision to slash import duties for steel rebar as having no justification and going against the flow of higher protectionism in global steel markets.
Asian steel scrap prices continued to slide in the week to Friday May 6 amid persistently bearish sentiment, weak demand and the absence of buyers, who were waiting for prices to fall further before looking to purchase again.