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Ferrochrome and Scrap Inox: LME open to consider new futures contracts
The London Metal Exchange (LME) would be open to discussing potential new cash-settled futures contracts for stainless steel scrap and ferrochrome, depending on market demand. This follows the discontinuation of the quarterly European Ferrochrome Benchmark Price, or...
Steel and pig iron: Russia will exempt long products from export duties
The Russian government is considering exempting rebar, wire rod, and pig iron from the export tax introduced in October last year. It is specified that this possibility was discussed following a request made by local producers of long products due to decreased...
Copper: Grupo Mexico’s Asarco will reopen smelter in the U.S. due to rising prices
Asarco, the mining subsidiary of industrial conglomerate Grupo Mexico, is planning to restart its idle copper smelter in the United States as prices for the red metal have reached record levels. Asarco, first acquired by Grupo Mexico in 1999, is in talks with...
India: how the 2024 elections could impact the major steel and metals markets
India's ambitious growth plans, which require continued investment in infrastructure, are expected to fully support the country's demand for metals. Regardless of the outcome of India's current elections, no major political changes are expected as India seeks to...