Base Metal Stock Articles

Fall in tender price weakens ferro-chrome market sentiment in China

September 02, 2021 / Staff reporter

Suppliers in China's domestic spot ferro-chrome market lowered their offer prices in the week to Tuesday August 31 after Tsingshan reduced its September ferro-chrome tender price by 800 yuan ($124) per tonne the week before.As a result, Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, fell by 600 yuan per tonne (5.7%) to 9,800-10,200 yuan ($1,517-1,579) per to...Read More

IN CASE YOU MISSED IT: 5 key stories from September 1

September 02, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday September 1 that are worth another look.Russia's Ministry of Industry and Trade does not see any grounds for the extension of export duties for steel and non-ferrous metals into 2022, according to the deputy minister Viktor Evtukhov.Chile's...Read More

IN CASE YOU MISSED IT: 5 key stories from September 1

September 02, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday September 1 that are worth another look.Russia's Ministry of Industry and Trade does not see any grounds for the extension of export duties for steel and non-ferrous metals into 2022, according to the deputy minister Viktor Evtukhov.Chile's...Read More

DAILY STEEL SCRAP: Prices down on pre-holiday deal [CORRECTED]

September 02, 2021 / Staff reporter

Turkish steel producers made no new scrap bookings on Tuesday August 31, however a deal from the previous Friday came to light, which lowered prices, market participants said.The European-origin cargo was heard late on August 27, after the closing of the daily indices, and was followed by a public holiday in both Turkey and the United Kingdom on August 30.The cargo was booked by a steel mill in th...Read More

Stainless scrap market picking up in US

September 02, 2021 / Staff reporter

The 300-series stainless scrap market in the United States has picked up momentum, with processors already looking ahead to anticipated strong demand in the fourth quarter; meanwhile, 400-series prices increased despite expectations that ferrous scrap prices could fall this month."There is still a decent appetite for stainless scrap, but processors are being more conservative with pricing until mi...Read More

PRICING NOTICE: Correction to Turkey steel scrap prices

September 02, 2021 / Staff reporter

Fastmarkets has corrected its daily indices for steel scrap, HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey, and steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, which were published incorrectly on Tuesday August 31 due to a calculation error.Fastmarkets' calculation of the index for MB-STE-0416 steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was published on Tuesda...Read More

European FeCr market tightens further, led by low-carbon price surge

September 02, 2021 / Staff reporter

The low-carbon ferro-chrome market in Europe surged to a new multi-year high in the week ended Tuesday August 31, with export taxes and tight supply driving up prices.Fastmarkets' price assessment for ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe, rose to $2.73-3.05 per lb Cr on Tuesday, up by 15-35 cents per lb (9.5%) from $2.38-2.90 per lb Cr on August 17."The low-carbon ferro-chrome...Read More

CONSUMER ELECTRONICS RAW MATERIALS 01/09: Double-digit rise in Indium prices in China, Europe

September 02, 2021 / Staff reporter

An overview of the consumer electronics markets and their latest price moves in the week to Wednesday September 1.Fola Malomo, Cristina Belda and...Read More

SPECIALTY STEEL RAW MATERIALS 01/09: Ferro-niobium price weakens on better availability

September 02, 2021 / Staff reporter

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Dalila Ouerghi and...Read More

PRICING NOTICE: Fastmarkets implements non-material wording updates to its Metals & Mining assessment methodology

September 02, 2021 / Staff reporter

Following a one-month consultation, Fastmarkets is updating the wording of its Metals & Mining assessment methodologies to provide greater clarity around how its prices are determined. The wording refinements do not materially alter the way Fastmarkets Metals & Mining assesses prices and as such are not anticipated to result in any noticeable changes in Fastmarkets' assessment price levels or beha...Read More

EUROPE BEAMS: Concern over price direction after drop in scrap values

September 02, 2021 / Staff reporter

European steel H-beam prices remained unchanged on Wednesday September 1, with market participants mulling the potential for a change in direction following a drop in feedstock costs, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?1,050-1,080 ($1,240-1,275) per tonne on Wednesday, unchanged week on week.After returning to w...Read More

EUROPE SECTIONS: Market holds back ahead of possible correction

September 02, 2021 / Staff reporter

Prices for steel hollow sections in Europe remained steady on Wednesday September 1, and trading remained thin ahead of a possible downward trend, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic, delivered Northern Europe was ?,?1,400-1,430 ($1,654-1,690) per tonne on Wednesday, unchanged week on week.With market participants returning after the sum...Read More

Brazilian iron ore exports up 12% in August

September 02, 2021 / Staff reporter

Brazilian iron ore export volumes increased by 11.68% year on year in August, according to figures released by the country's economy ministry on Wednesday September 1.Volumes exported came to 34.84 million tonnes last month, compared with 31.19 million tonnes a year earlier. Brazil-based mining company Vale has been...Read More

TITANIUM SNAPSHOT: Prices widen in illiquid trading conditions

September 02, 2021 / Staff reporter

Key data from Fastmarkets' pricing session in Europe on Wednesday September 1.Key driversThe spot price range for ferro-titanium widened higher in the week to Wednesday September 1, with some suppliers reporting deals above $8.00 per kg for the first time since April 14.Suppliers reported signs of increased buying interest for the fourth quarter and first quarter of 2022, but only slim interest fo...Read More

INTL AL CONF: Major supply disruptions, freight rates to drive Atlantic alumina prices up - Concord's Hobbs

September 02, 2021 / Staff reporter

The alumina price in the Atlantic is likely to trade at a higher premium compared with the Pacific in the near term due to refinery disruptions and high freight rates, according to Duncan Hobbs, research director at trading house Concord Resources.A fire in late August at the Jamalco alumina refinery, which produces 1.5 million tonnes of material per year, is costing the market 95,000-100,000 tonn...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

September 02, 2021 / Staff reporter

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 grade, in-whs Rotterdam, $/lb at 23.40-24.25 on Wednesday September 01,...Read More

PRICING NOTICE: Fastmarkets implements non-material wording updates to its Metals & Mining assessment methodology

September 02, 2021 / Staff reporter

Following a one-month consultation, Fastmarkets is updating the wording of its Metals & Mining assessment methodologies to provide greater clarity around how its prices are determined. The wording refinements do not materially alter the way Fastmarkets Metals & Mining assesses prices and as such are not anticipated to result in any noticeable changes in Fastmarkets' assessment price levels or beha...Read More

DAILY STEEL SCRAP: Prices down on pre-holiday deal [CORRECTED]

September 02, 2021 / Staff reporter

Turkish steel producers made no new scrap bookings on Tuesday August 31, however a deal from the previous Friday came to light, which lowered prices, market participants said.The European-origin cargo was heard late on August 27, after the closing of the daily indices, and was followed by a public holiday in both Turkey and the United Kingdom on August 30.The cargo was booked by a steel mill in th...Read More

CONSUMER ELECTRONICS RAW MATERIALS 01/09: Double-digit rise in Indium prices in China, Europe

September 02, 2021 / Staff reporter

An overview of the consumer electronics markets and their latest price moves in the week to Wednesday September 1.Fola Malomo, Cristina Belda and...Read More

Iranian export slab price down in new deal

September 02, 2021 / Staff reporter

The export slab price from Iran decreased in the week to Wednesday September 1 after a fresh booking was heard at a lower level.Khouzestan steel, one of the country's largest slab exporters, finalized a tender for 40,000 tonnes of material to be shipped in mid-September at $680 per tonne fob southern ports, sources told Fastmarkets.Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok