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Currency volatility looms large over alloys, steel markets: LME Week
Volatility in key currencies has been at the forefront of the minds of many steel and ferro-alloys producers, traders and buyers in 2023
October 9, 2023
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By the Fastmarkets team, Cem Turken, Janie Davies, Serife Durmus, Claire Patel-Campbell, Holly Chant
Insights
Dried and bagged chromite prices edge up; rising costs pressure producers
Dried and bagged chromite prices on a FOB South Africa basis rose slightly during the two weeks to Tuesday September 19, with market participants reporting rising production costs due to high diesel prices in South Africa and a weak rand
September 21, 2023
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By Claire Patel-Campbell
Insights
Chinese seaborne manganese ore prices soften on depreciation of yuan
Chinese seaborne manganese ore prices fell during the week to Friday September 8, following significant depreciation of the Chinese yuan against the US dollar, which added to buyer-side cost pressures, sources said
September 12, 2023
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By Holly Chant, Tina Tong
Insights
Weak lira, low-priced imports reduce demand for domestic flat steel in Turkey
The weak Turkish lira and higher volumes of low-priced imports have resulted in reduced demand for domestic flat steel in Turkey in July and August, sources told Fastmarkets on Tuesday September 5
September 7, 2023
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By Serife Durmus
Insights
Turkish long steel export prices stable, domestic values improve
Turkish export prices for steel rebar and wire rod have remained stable over the past week despite limited demand, while domestic prices have inched upward on a weaker Turkish lira, market sources said on Thursday August 24
August 31, 2023
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By Cem Turken
Insights