Base Metal Stock Articles

CIS PIG IRON: Market down on bearish buyers

September 04, 2021 / Staff reporter

Prices in the Commonwealth of Independent States' pig iron export market fell during the week to Thursday September 2 on bearish buyers in all outlets.Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS at $490-505 per tonne on Thursday, down from $510-520 per tonne the previous week."Activity has appeared in China, that will stimulate sales in all othe...Read More

PEOPLE MOVES: Osburg to be Thyssenkrupp Steel Europe chairman until 2027

September 04, 2021 / Staff reporter

The supervisory board of Thyssenkrupp Steel Europe has extended Bernhard Osburg's contract as chairman for another five years to June 30, 2027, the company said earlier this week.Osburg has been chairman of the executive board since March 2020, succeeding Premal Desai. He has been a member of the executive board since June 2019 with a focus on sales and innovation.In a meeting on August 31,...Read More

RESEARCH: Welded pipe prices surge on substrate costs

September 04, 2021 / Staff reporter

The latest forecasts from Fastmarkets' team of analysts are ready to view.Global welded pipe prices surged in May as strong demand and still-insufficient supply lifted flat steel prices.The biggest jumps were seen in China, which was hit by the unexpected announcement of the elimination of export rebates on welded pipes in April. Chinese seaborne prices reached $1,570 per tonne fob for longitudina...Read More

RESEARCH: Ferro-alloy prices forecast to maintain momentum through Q3 2021

September 04, 2021 / Staff reporter

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Bulk and noble alloys both moved largely in line with our price forecasts globally over the past month, though several markets surprised to the upside, exceeding our forecast gains. Stronger-than-forecast pricing momentum was primarily triggered by supply shortages in numerous...Read More

RESEARCH: Ferro-alloy prices to maintain momentum into June, through H2 2021

September 04, 2021 / Staff reporter

The latest forecasts from Fastmarkets' team of analysts are ready to view.Bulk ferro-alloy prices have shown impressive gains again this month, with ferro-silicon, silicon metal and manganese alloy prices all making significant increases. Noble alloy markets also enjoyed upward momentum, with both vanadium and molybdenum prices rising sharply.Recovering demand from steelmakers globally, together w...Read More

POLAND REBAR: Prices largely unchanged; local mills sold out for September

September 04, 2021 / Staff reporter

Domestic steel rebar prices in Poland were broadly stable during the week to Friday September 3, with most producers sold out for September rolling due to good end-sector demand, sources told Fastmarkets.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw was at 4,000-4,100 zloty ($1,051-1,077) per tonne on Friday, widening downward by 50 zloty from 4,050-4,100 zloty per...Read More

TURKEY FLAT STEEL WRAP: Prices continue to fall in August on limited trading

September 04, 2021 / Staff reporter

Turkish prices for flat steel products kept decreasing during August because of the holiday season and a global downtrend in prices, sources told Fastmarkets on Thursday September 2.Iron ore prices in particular decreased significantly in August, leading to price falls for steel end products. Fastmarkets' daily calculation of the index for iron ore 62% Fe fines, cfr Qingdao was $142.02 per tonne o...Read More

RESEARCH: HDG, tinplate contract prices set for big hike

September 04, 2021 / Staff reporter

The latest forecasts from Fastmarkets' team of analysts is ready to view.As we approach the end of the first half of 2021, steel markets in Europe and the United States continue to heat up. This six-month period is largely unprecedented, with both steel prices and steelmakers' margins hitting a number of new record highs throughout.The rally is likely nearing its end, however, with global steel ou...Read More

US PIG IRON: Prices down but market unsure of latest levels

September 04, 2021 / Staff reporter

The market for pig iron imports in the United States went down during the week to Friday September 3 on active bookings at lower prices.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $530-535 per tonne on Friday, down from $545-550 per tonne cfr a week before.Russia-origin pig iron was booked at $530-535...Read More

LIVE FUTURES 03/09: Aluminium closes at decade-high, US jobs data could delay Fed tapering

September 04, 2021 / Staff reporter

Three-month aluminium futures on the London Metal Exchange closed at their highest level for a decade on Friday September 3, with the base-metals complex broadly making gains despite jobs data from the United States coming in dramatically lower than expected.The LME aluminium contract closed at $2,727 per tonne on Friday, up by 1.1% from Thursday's close and its highest since May 3, 2011. This cam...Read More

HOTTER ON METALS: Triland move from ring a blow to LME

September 04, 2021 / Staff reporter

If any member was going to leave the London Metal Exchange ring trading floor, the exchange was probably hoping it wouldn't be Triland Metals Ltd.The company, a wholly owned subsidiary of Japanese conglomerate Mitsubishi, is one of the exchange's longest serving Category 1 members, having joined in 1972 after being founded in the prior year. Having a unit of Japan's largest trading company as a ri...Read More

HOTTER ON METALS: Might the LME ring be about to lose a member?

September 04, 2021 / Staff reporter

Eight of the nine Category 1 members of the London Metal Exchange have indicated their support for continuing to trade official lunchtime prices in the open-outcry ring.Does this mean that one company does not support ring trading? And could one of the exchange's members be preparing to leave the trading floor?The exchange revealed on Monday August 9 that it had majority support for the ring, in a...Read More

HOTTER ON METALS: The knife twist return of the ring

September 04, 2021 / Staff reporter

London Metal Exchange ring dealing members have a decision to make - whether to remain one or not.The LME has just announced it will reopen the open outcry trading floor, which was temporarily closed due to Covid-19, on September 6.Its plan, however, comes with a twist; some ring dealers say, a knife.The official prices - which the global trade and industry use as the global reference for physical...Read More

PEOPLE MOVES: MRI Trading hires Vedanta's Mishra to head South Africa office

September 04, 2021 / Staff reporter

Switzerland-based metals trader MRI Trading has hired Anant Mishra to head its office in South Africa, Fastmarkets heard on Friday September 3.Mishra will join MRI later this month from Vedanta Resources, where he has worked since 2004,...Read More

LIVE FUTURES 03/09: Aluminium closes at decade-high, US jobs data could delay Fed tapering

September 04, 2021 / Staff reporter

Three-month aluminium futures on the London Metal Exchange closed at their highest level for a decade on Friday September 3, with the base-metals complex broadly making gains despite jobs data from the United States coming in dramatically lower than expected.The LME aluminium contract closed at $2,727 per tonne on Friday, up by 1.1% from Thursday's close and its highest since May 3, 2011. This cam...Read More

COKING COAL DAILY: Premium hard coking coal fob price jumps on latest trade

September 04, 2021 / Staff reporter

Premium hard coking coal fob prices jumped on the latest trade on Friday September 3, indicating a promising outlook for the fob market. And the low-volatility pulverized coal injection (PCI) price in the cfr market soared due to tight supply from Russia, sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $441.97 per tonne, down by $1.05 per tonneHard coking coal, cfr Jingtang...Read More

IRON ORE DAILY: Bullish steel futures lend support to iron ore market

September 04, 2021 / Staff reporter

Seaborne iron ore prices rebounded on Friday September 3 following an uptick in China's steel market, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $144.71 per tonne, up $2.69 per tonne62% Fe low-alumina fines, cfr Qingdao: $145.30 per tonne, up $2.71 per tonne58% Fe fines high-grade premium, cfr Qingdao: $114.54 per tonne, up $2.52 per tonne65% Fe Brazil-origin fines, cfr Qi...Read More

Zinc production in Yunnan to fully resume by mid-June

September 04, 2021 / Staff reporter

Zinc producers in China's southwestern province of Yunnan should be able to fully resume their operations by mid-June, sources said.Yunnan will remove its power restrictions by the end of June that have stunted local zinc output, the provincial energy bureau said.A few zinc smelters in Yunnan have already resumed production, however, sources that spoke to Fastmarkets said.Production capa...Read More

RESEARCH: Key takeaways from the latest Base Metals Market Tracker

September 04, 2021 / Staff reporter

The latest forecasts from Fastmarkets' team of base metals analysts are ready to view.Aluminium: SHFE tailwind for LME pricesAs we are entering the traditional strong demand season, we expect Chinese aluminium demand to show further recovery, and we expect demand from existing end-user sectors, new infrastructure projects and the export sector to show some increases. As a result, we believe that S...Read More

RESEARCH: Ferro-alloy prices forecast to remain elevated through Q2 2021 on supply shortfall and rising demand

September 04, 2021 / Staff reporter

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR?  Impressive advances in ore and alloy prices persisted in March, with most markets posting significant price gains. Strengthening demand from steelmakers along with supply shortages and depleted inventories in numerous markets, as well as freight and transportation...Read More

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