Base Metal Stock Articles

BASE METAL WARRANTS 06/10

October 21, 2021 / Staff reporter

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 20.Please click...Read More

US wire rod prices set new highs in October

October 21, 2021 / Staff reporter

Wire rod prices in the United States rose by $40 per short ton ($2.00 per cwt) in October, to hit record highs for domestic and imported low-carbon wire rod, high-carbon wire rod and cold-heading quality wire rod.Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US was $59.50-62.50 per hundredweight ($1,190-1.250 per short ton) on Tuesday October 19, up 3...Read More

AT A GLANCE: Vale's Q3 iron ore output up 0.8%, shipments rise 2.2%

October 21, 2021 / Staff reporter

A summary of Brazilian miner Vale's iron ore results for the third quarter of 2021, as stated in its latest production and sales report published on Tuesday October 19.In brief?EUR? Vale produced 89.4 million tonnes of iron ore fines in July-September, up by 0.8% year on year and 18.1% higher compared with April-June. ?EUR? It attributed the increases to high production at its Serra Norte and S11D...Read More

JAPAN STEEL SCRAP: Battle for cargo intensifies between export, local market

October 21, 2021 / Staff reporter

Japanese local and export buyers have been locked in a fight for steel scrap in the week to Wednesday October 20, pushing up prices across the board, sources told Fastmarkets.Major electric arc furnace (EAF) mill Tokyo Steel on Wednesday announced it would raise its scrap buy prices by ?500-1,000 ($4.38-8.75) per tonne at some of its works starting Thursday October 21. This marks the second price...Read More

BHP again tops Wyloo bid for nickel prospect Noront Resources

October 21, 2021 / Staff reporter

Australia-based global miner BHP has raised its offer in a bidding war to acquire prospective Canadian nickel producer Noront Resources.The Toronto-based junior miner recommended to its shareholders in July that they accept BHP's offer, worth at that time C$325 million ($263 million), instead of a competing offer from another Australian miner, Wyloo Metals.Wyloo counteroffered, and BHP raised its...Read More

US domestic, import rebar prices still stable; outlook hazy

October 21, 2021 / Staff reporter

Domestic and imported steel reinforcing bar prices in the United States were sideways on Wednesday October 20, but sources noted growing uncertainty around what the rest of the quarter may look like.Fastmarkets' assessment for steel reinforcing bar (rebar), fob mill US was $49.25 per hundredweight ($985 per short ton) on October 20, unchanged since August 11 at its highest since late 2008. Notably...Read More

JAPAN STEEL SCRAP: Battle for cargo intensifies between export, local market

October 21, 2021 / Staff reporter

Japanese local and export buyers have been locked in a fight for steel scrap in the week to Wednesday October 20, pushing up prices across the board, sources told Fastmarkets.Major electric arc furnace (EAF) mill Tokyo Steel on Wednesday announced it would raise its scrap buy prices by ?500-1,000 ($4.38-8.75) per tonne at some of its works starting Thursday October 21. This marks the second price...Read More

Stainless scrap prices continue rebound in US

October 21, 2021 / Staff reporter

The 300-series stainless steel scrap prices in the United States continued to rise this week on the heels of the London Metal Exchange cash nickel price climbing well over the $9-per-lb mark.The big question, according to many processors and dealers, is: "Just where is this market really going?"While volatility in the nickel contract has been the main driver of recent scrap price moves, scarcity o...Read More

EUROPE HRC: Domestic prices down; mills said eyeing rise in offers

October 21, 2021 / Staff reporter

Domestic prices for hot-rolled coil in northern Europe and Italy continued to slide on Wednesday October 20 due to reduced automotive demand and higher availability of material, sources told Fastmarkets.A bearish mood in the market made buyers cautious about making new purchases, sources said, although demand has started to pick up due to distributor restocking for the first quarter of next year....Read More

CONSUMER ELECTRONICS MARKET REPORT 20/10: Seaborne lithium carbonate price rises

October 21, 2021 / Staff reporter

An overview of the consumer electronics markets and their latest price moves.Janie Davies in...Read More

EUROPE HRC: Domestic prices down; mills said eyeing rise in offers

October 21, 2021 / Staff reporter

Domestic prices for hot-rolled coil in northern Europe and Italy continued to slide on Wednesday October 20 due to reduced automotive demand and higher availability of material, sources told Fastmarkets.A bearish mood in the market made buyers cautious about making new purchases, sources said, although demand has started to pick up due to distributor restocking for the first quarter of next year....Read More

Chrome ore, alloy offer prices and sentiment slide in China

October 21, 2021 / Staff reporter

Suppliers in China's domestic spot ferro-chrome market lowered their offer prices during the week to Tuesday October 19, while trading remained light due to very limited supply, Fastmarkets heard.Fastmarkets' assessment of ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China fell by 4.8% to 10,700-11,300 yuan ($1,673-1,767) per tonne on Tuesday, from 11,100-12,000 yuan per tonne one week earlier.Th...Read More

SPECIALTY STEEL RAW MATERIALS 20/10: Manganese flake market rises but range widens

October 21, 2021 / Staff reporter

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Alex Cook...Read More

AT A GLANCE: Vale's copper, nickel output down in Q3

October 21, 2021 / Staff reporter

A summary of Brazilian miner Vale's base metals production results for the third quarter of 2021, as stated in its production report published on Tuesday October 19. Vale's nickel production declined in the third quarter from the prior quarter due to a labor disruption at its Sudbury mine in Canada, which halted operations for 70 days, of which 40 days were in third quarter, with an impact of 11,0...Read More

SPECIALTY STEEL RAW MATERIALS 20/10: Manganese flake market rises but range widens

October 21, 2021 / Staff reporter

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Alex Cook...Read More

EUROPE SECTIONS: Prices fall but 'rock bottom' in sight, sources say

October 21, 2021 / Staff reporter

The price of steel hollow sections in Europe moved downward in the week to Wednesday October 20, due to recent imports and falling feedstock costs, sources have told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?1,230-1,275 ($1,432-1,484) per tonne on October 20, down from ?,?1,275-1,330 per tonne on October 13.Domestic hollow se...Read More

BHP again tops Wyloo bid for nickel prospect Noront Resources

October 21, 2021 / Staff reporter

Australia-based global miner BHP has raised its offer in a bidding war to acquire prospective Canadian nickel producer Noront Resources.The Toronto-based junior miner recommended to its shareholders in July that they accept BHP's offer, worth at that time C$325 million ($263 million), instead of a competing offer from another Australian miner, Wyloo Metals.Wyloo counteroffered, and BHP raised its...Read More

IN CASE YOU MISSED IT: 5 key stories from October 20

October 21, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday October 20 that are worth another look.Workers at steelmaker ArcelorMittal's plant in Ghent, Belgium, might go on strike from Thursday next week in a dispute over salaries, Fastmarkets heard on October 20.Trafigura has been drawing...Read More

COKING COAL DAILY: Seaborne prices relatively stable; NDRC to tackle coal price surge

October 21, 2021 / Staff reporter

Seaborne coking coal prices remained relatively stable on Wednesday October 20 with no trading activity. In China, market participants were cautious after the National Development and Reform Commission (NDRC) held meetings on thermal coal price controls on Tuesday.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $612.12 per tonne, unchangedHard coking coal, cfr Jingtang: $563.37 per tonn...Read More

Hoa Phat Steel close to securing UK Cares certification, sources say

October 21, 2021 / Staff reporter

Vietnam's Hoa Phat Steel is close to obtaining certification from the United Kingdom Certification Authority for Reinforcing Steels (Cares), which would allow it to sell its rebar to the key markets of Singapore and Hong Kong, sources told Fastmarkets this week.Obtaining the certification means that a mill is able to produce construction steel to certain standards. For instance, in Singapore, reba...Read More

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