Despite the wide-ranging sanctions on Russian financial, business and economic sectors, Russian mills continue to offer their material for export. But producers are facing the choice of taking all risks or having no sales, while traders, who are willing to continue working with Russian mills, are running out of options …

The London Metal Exchange (LME)  halted on 8 March trading of nickel on all its venues following an unprecedented rise in its three-month nickel contract to over $100,000/tonne. 

Nickel prices had risen 90% to $55,000/t on 7 March, before reaching $101,365/t during night trading into 8 March. This price then …

Already extremely tight merchant slab availability from Russia and Ukraine in recent months has transformed into absolute absence since Russia invaded Ukraine, paralysing CIS trade and leading to wide-ranging sanctions on Russia.

The absence of CIS material is driving up prices, as Turkish and European buyers, “desperate for the material,” …

The rapid unfolding of the invasion by Russia of Ukrainian territory started last week swiftly impacted steel supplies. Ukrainian miners and steelmakers rapidly announced the stoppage of production and shipments and the domino effect on steel markets started unfolding.

Iron ore pellet producer Ferrexpo announced Friday that export activity at …