FOCUS: Why is Zimbabwe considered the likeliest beneficiary of South Africaâs chrome ore export tax? Zimbabwe emerged as the most likely beneficiary of South Africaâs proposed chrome ore export tax in a recent Fastmarketsâ poll. Fastmarkets examines the investment prospects for Zimbabweâs chrome sector and some of the hurdles the domestic industry faces, and why participants showed particular confidence in the country. In the poll, when asked which chrome-producing countries would likely benefit from increased investment as a result of South Africaâs chrome ore export tax, Zimbabwe received the largest amount of votes from respondents with 43%, surpassing Turkey (25%), India (9%), other countries in the world (7.5%) and nowhere (16%).
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As we continue our evolution, our data and market news is now available through the Fastmarkets platform and a trial of this website is no longer available. Our new delivery solution allows you to access the prices and news that matters most to you in a way that delivers value, quality and a unique, fully customizable view for you.
South America flat steel import market divided; buyers wait for price drop There was no clear trend for South American flat steel import prices in the week to Friday January 15, with clients in no rush to secure new deals yet amid static or slightly higher new offers from all origins. Market participants reported signs of short selling from some traders and lower offers from privately owned mills in China, while the larger producers were trying to maintain or increase prices. There were still marginal volumes for March shipment, but several exporters had already moved to their April schedule, they added.
EGYPT STEEL BILLET, REBAR: Demand still slow, buyers expect prices to fall Demand for steel rebar was very weak in Egypt in the week to Thursday January 28, with buyers expecting producers to reduce their prices.
The rebar producers, however, had not changed their prices at the time Fastmarkets made its price assessment.
One of the main reasons for weak rebar demand was the construction ban in the country. Egypt imposed a ban on construction in May 2020, although it eased the rules in September 2020.
Contractors and real estate developers were permitted to continue construction on buildings up to four-storeys high, but.
You might notice something different here.
As we continue our evolution, our data and market news is now available through the Fastmarkets platform and a trial of this website is no longer available. Our new delivery solution allows you to access the prices and news that matters most to you in a way that delivers value, quality and a unique, fully customizable view for you.