Steel slab producers in Iran have managed to achieve higher sales prices in recent transactions amid improving demand in Asia and the resulting stronger prices.According to reports from market participants, several cargoes of slab from Mobarakeh Steel and its subsidiary Hormozgan Steel were sold to traders late in the week ended October 2 at $446 per tonne fob Southern Iranian ports.Another local...Read More
Demand for steel billet in the Gulf Cooperation Council (GCC) region early in the week that began on Monday October 5 supported billet sellers in the CIS region, which have been faced with a lack of trading activity in most outlets recently.Customers in the Middle East-North Africa (Mena) region and Asia have adopted a wait-and-see position over the past seven days amid uncertainty about the price...Read More
The chromium metal market is facing oversupply after orders from the aerospace sector stalled, resulting in increased competition for business among suppliers, sources told Fastmarkets. Chromium metal in its higher purity is used to create a variety of superalloy components including turbine blades for the aerospace industry, due to its high resistance to corrosion. "Demand [from aerospace] is dow...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday October 7. Key drivers A persistent and seemingly increasing tightness in titanium scrap is propelling scrap and ferro-titanium prices for the fourth and fifth weeks in a row respectively. Ferro-titanium producers say they are worried about securing enough scrap in coming weeks, with volumes falling from traditional sect...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 7 that are worth another look.Brazilian vehicle production fell by 11% in September 2020 compared with the corresponding month a year before, with producers increasing supply from April lows at a slow pace in order to prevent inventories from rising...Read More
Brazilian vehicle production fell by 11% in September 2020 compared with the corresponding month a year before, with producers increasing supply from April lows at a slow pace in order to prevent inventories from rising too much, carmakers' association Anfavea said on Wednesday October 7.The country made 220,162 vehicles last month, down from 247,455 units reported in September 2019. But output wa...Read More
Here are five Fastmarkets stories you might have missed on Monday October 5 that are worth another look.Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye.After United States sanctions cut off supplies of microchips...Read More
Most Turkish flat steel prices decreased toward the end of September 2020 and market sources expected further price reductions to come amid price falls for raw materials, Fastmarkets heard on Monday October 5.Turkish flat steel producers were fully booked through September, with trading sources reporting that the market was moderate for most of the month because of strong demand in Asia at the beg...Read More
Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye. This weekend numerous reports appeared in the British press indicating that Chinese steel company Hebei Jingye Group had expressed interest in acquiring Tata Steel's flat steelmaking asset, Port Talbot. Tata Steel called this information "speculative" in a comment to Fastmarkets on Mon...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 7 that are worth another look.Brazilian vehicle production fell by 11% in September 2020 compared with the corresponding month a year before, with producers increasing supply from April lows at a slow pace in order to prevent inventories from rising...Read More
Global tin premiums in the week to Tuesday October 6 were unchanged, supported by a persistent contango across the London Metal Exchange benchmark cash/three-month spread for tin, while a steady uptick in Chinese buying interest saw European sellers take a closer look at arbitrage opportunities against a static domestic market.China's buying activity attracts European sellersCash/3-month spread ho...Read More
The three-month price of copper on the London Metal Exchange was higher at the close of trading on Wednesday October 7, up by just over 2% during the afternoon trading session, while doubts over an economic recovery package in the United States have put little pressure on a broadly positive LME base metals complex.Copper's outright price on the LME closed at $6,679 per tonne on Wednesday afternoon...Read More
Steel slab producers in Iran have managed to achieve higher sales prices in recent transactions amid improving demand in Asia and the resulting stronger prices.According to reports from market participants, several cargoes of slab from Mobarakeh Steel and its subsidiary Hormozgan Steel were sold to traders late in the week ended October 2 at $446 per tonne fob Southern Iranian ports.Another local...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 7 that are worth another look.Brazilian vehicle production fell by 11% in September 2020 compared with the corresponding month a year before, with producers increasing supply from April lows at a slow pace in order to prevent inventories from rising...Read More
Sometimes it is better to let a situation speak for itself. Alcoa, Rio Tinto Aluminium, Novelis, Constellium, Arconic, Kaiser Aluminum, Tri-Arrows Aluminum, American Metal Chemical Corp, Hydro Extrusion North America, JW Aluminum, Real Alloy, Reynolds Consumer Products, Scepter, Silberline Manufacturing Co, Smelter Service Corp and Wagstaff. The US Aluminum Association, which represents more than...Read More
Marex Spectron has appointed Philip Price as head of ferrous metals trading, a new role for the global commodities specialist, the company said on Wednesday October 7. Price, who joined the company on September 28, 2020, will be charged with building Marex Spectron's market making and trading infrastructure for its ferrous metals derivatives. After having previously...Read More
With less than one month remaining before the presidential election in the United States, Fastmarkets takes a look at how the two main candidates' platforms could affect the mineral markets.On November 3, the US will go to the polls to choose between incumbent President Donald Trump and challenger Joe Biden. Both candidates have proposed a number of new policies which could shake up the mineral ma...Read More
The three-month price of copper on the London Metal Exchange was higher at the close of trading on Wednesday October 7, up by just over 2% during the afternoon trading session, while doubts over an economic recovery package in the United States have put little pressure on a broadly positive LME base metals complex.Copper's outright price on the LME closed at $6,679 per tonne on Wednesday afternoon...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 7.Please click...Read More
London Metal Exchange three-month base metals prices, except tin, ticked up during the morning on Wednesday October 10 despite news that United States President Donald Trump will not hold long-awaited fiscal stimulus talks with US Democrats until after the Presidential election on November 3.Discussions regarding the proposed US $2.2 trillion relief bill are ongoing, revised down from the original...Read More