Base metals prices on the London Metal Exchange were lower across the board at 5pm on Monday September 13, after coal prices continued to trade downward and strength was seen in the US dollar.The US Dollar Index reached a high of 92.89 on Monday, the highest level seen for more than two weeks and shoring up the current weakness across the base metals complex.The three-month nickel price came under...Read More
Here are five Fastmarkets stories you might have missed on Monday September 13 that are worth another look....Read More
The latest forecasts and analysis of the ferrous scrap and iron metallics market from the Fastmarkets research team are ready to be viewed.Stifled automotive output this year, driven by a supply shortage of semiconductor chips used in vehicles, has tightened prime scrap availability and widened the spreads between this grade of steelmaking raw material and obsolete scrap.While wide prime-over-obso...Read More
The total amount of metal held outside the London Metal Exchange's warehouses showed an increase in July 2021 for the first time in fourth months, according to the exchange's latest report.The LME's latest off-warrant stock report showed a rise by 50,785 tonnes in July to a total of 964,610 tonnes, following declines of 338,158 tonnes in June and 140,246 tonnes in May.Copper's off-warrant stocks s...Read More
China's nickel sulfate prices softened in the week to Friday September 10 amid an increase in the supply of mixed hydroxide precipitate (MHP), though strong nickel prices on both the London Metal Exchange and Shanghai Futures Exchange kept the spot market quiet.Fastmarkets assessed prices for nickel sulfate min 21%, max 22.5%; cobalt 10ppm max, exw China at 36,500-38,000 yuan ($5,663-5,896) per to...Read More
China's leading copper producer, Jiangxi Copper, will develop the Mes Aynak copper mine in Afghanistan with Metallurgical Corp of China (MCC) when conditions allow, the company said.Due to the unstable situation in Afghanistan, there has not yet been any substantial construction at the mine, but the two companies are monitoring the situation and will push forward with the project when they...Read More
Carbon steel plate prices in the United States remained at an all-time high on Friday September 10, and market chatter suggests the current lull in market activity is widespread but temporary.Fastmarkets' weekly assessment for steel cut-to-length plate carbon grade, fob mill US was at $87 per hundredweight ($1,740 per short ton) on Friday, unchanged since August 27.Fob mill assessments ranged from...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.With nickel prices down by almost 20% over the space of around ten days during late February and early March, one might have been expecting us to be reporting sharply-lower prices of stainless steel, at least for the most common nickel-containing grades of stainless steel.This is not the case, at least in Europe and the Unite...Read More
The mood in the European hot-rolled coil market was downbeat in the week ended Friday September 10 due to the lower demand from the automotive sector and competitive import offers.The automotive sector in Europe was reported to be working at reduced rates because of the global shortage of semiconductor chips for onboard electronics. Consequently, market sources expected the industry to consume les...Read More
ArcelorMittal Nippon Steel India (AM/NS India) has started up a second 6-million-tonne-per-year pellet plant at its Paradeep complex in Odisha, taking the company's pelletization capacity to 20 million tpy, the company said earlier this month.The Paradeep complex will have capacity to produce 12 million tpy of direct reduced iron ore pellet after the commissioning of the second stage of production...Read More
Swedish steelmaker SSAB will deliver fossil-free steel to Finnish provider of cargo and load handling solutions Cargotec for cargo handling equipment manufacturing, SSAB said on September 8.SSAB and Cargotec will work together on the introduction of fossil-free steel to the cargo handling industry. The companies will start coordinated development toward the use...Read More
Activities at the S??o Francisco do Sul port, in Brazil's southern Santa Catarina state, resumed after a truckers' road blockade prevented normal operations during this past week, a spokesperson for the port's operator told Fastmarkets on Friday September 10.According to a report from the country's infrastructure ministry, blockades ended entirely on Friday. Demonstrations that broke out across Br...Read More
Here are five Fastmarkets stories you might have missed on Friday September 10 that are worth another look.The International Rebar Producers & Exporters Association (Irepas) continues to believe that prospects for the global long steel-products market remain satisfactory for the rest of 2021.Secondary aluminium ingot prices in...Read More
Here are five Fastmarkets stories you might have missed on Friday September 10 that are worth another look.The International Rebar Producers & Exporters Association (Irepas) continues to believe that prospects for the global long steel-products market remain satisfactory for the rest of 2021.Secondary aluminium ingot prices in...Read More
Here are five Fastmarkets stories you might have missed on Friday September 10 that are worth another look.The International Rebar Producers & Exporters Association (Irepas) continues to believe that prospects for the global long steel-products market remain satisfactory for the rest of 2021.Secondary aluminium ingot prices in...Read More
Here are five Fastmarkets stories you might have missed on Friday September 10 that are worth another look.The International Rebar Producers & Exporters Association (Irepas) continues to believe that prospects for the global long steel-products market remain satisfactory for the rest of 2021.Secondary aluminium ingot prices in...Read More
Here are five Fastmarkets stories you might have missed on Friday September 10 that are worth another look.The International Rebar Producers & Exporters Association (Irepas) continues to believe that prospects for the global long steel-products market remain satisfactory for the rest of 2021.Secondary aluminium ingot prices in...Read More
Here are five Fastmarkets stories you might have missed on Friday September 10 that are worth another look.The International Rebar Producers & Exporters Association (Irepas) continues to believe that prospects for the global long steel-products market remain satisfactory for the rest of 2021.Secondary aluminium ingot prices in...Read More
Here are five Fastmarkets stories you might have missed on Friday September 10 that are worth another look.The International Rebar Producers & Exporters Association (Irepas) continues to believe that prospects for the global long steel-products market remain satisfactory for the rest of 2021.Secondary aluminium ingot prices in...Read More