The latest surge in prices follows extreme tightness in availability of material from European producers, and compounds the shortage seen in China. Prices of European fused magnesia (FM) have surged to exceed the $1,000/tonne mark this week, following repeated upticks in Chinese prices and extremely tight availability of material reflecting on international demand flows. While the European …

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Further crackdown on environmental rule-breaking plants in Shanxi have slashed calcined bauxite output, pushing prices up over the past fortnight. Chinese calcined bauxite spot prices increased over the past fortnight as the already tight supply dwindled further amid more governmental shutdown of production facilities. The Shanxi government announced 11 August that all plants that breached environmental standards …

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The global steel industry has reached «an important inflection point» that requires steelmakers to consider new strategies to survive, World Steel Association Director General Edwin Basson said May 11. Speaking during the Eurometal World Steel Distribution & SSC Summit in Dusseldorf, Germany, Basson said current global installed steel capacity, which is about 2.39 billion tonnes, …

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MagForum 2017 analyses latest issues and spotlights potential newcomers and markets Key takeaways – China: supply impact issues to beset 2017-18; controversial trade reforms proposed – New supply sources and capacities: Saudi Arabia (DBM+CCM), Australia, Canada – Refractories: steady growth in steel demand; good cement outlook for certain regions – Market opportunities in hydrometallurgy, flame …

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BRUSSELS — The European Union has set duties of up to 35.9 percent on imports of hot-rolled flat steel from China to counter what it says are unfair subsidies in a finding challenged by Beijing. The European Commission (EC), which conducted an investigation on behalf of the 28 EU members, found a number of Chinese …

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