Base Metal Stock Articles

Lead producer Berzelius declares force majeure after floods close Stolberg plant

July 22, 2021 / Staff reporter

European lead smelter Berzelius Metall has declared force majeure on supply contracts after floods that have caused chaos in northern Germany and Belgium forced the closure of its Stolberg smelter.Fastmarkets' calls to Berzelius were not answered, while an email to parent company EcoBat Technologies was not responded to by the time of publication.But sources in the lead market confirmed to Fa...Read More

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

July 22, 2021 / Staff reporter

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade 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.Read More

GLOBAL ZINC & LEAD WRAP: zinc premiums flat; US lead hits new high

July 22, 2021 / Staff reporter

Global zinc premiums remained steady in the week to Tuesday July 20, while United States lead premiums surged on tight supply, sources told Fastmarkets.Northern European premiums stable despite demand concernFloods in Europe discourage local downstream consumers and US lead supplyUS lead up again on supply shortage, zinc holdsChinese market quiet during renewed power cut policy in YunnanUS lead pr...Read More

TITANIUM SNAPSHOT: Alloy prices widen upward on renewed demand

July 22, 2021 / Staff reporter

Key data from Fastmarkets' pricing session in Europe on Wednesday July 21.Key drivers The ferro-titanium price range widened higher in the week to July 21 on new deals against renewed demand from buyers ahead of new export duties from Russia which begin on August 31. The major consumers in the steel sector, however, have yet to emerge for longer term contracted deliveries and one steelmaker said t...Read More

Belgium's NLMK La Louviere declares force majeure after fire

July 22, 2021 / Staff reporter

Belgian flat steel re-roller NLMK La Louviere has declared force majeure after a fire at its rolling mill, sources told Fastmarkets on Wednesday July 21.The fire at La Louviere's hot-rolling mill occurred on July 17. It was extinguished within about 30 minutes and there were no injures, according to a company spokesperson."The equipment installed during the [recent] modernization of the mill was n...Read More

US Galvalume prices soar to 7th monthly record

July 22, 2021 / Staff reporter

Galvalume prices in the United States hit a record high for the seventh consecutive month thanks to ongoing tight supply and strong demand. Fastmarkets' monthly price assessment for steel coil Galvalume, fob mill US was at $98 per hundredweight ($1,960 per short ton) on Tuesday July 20, up by 8.29% from $90.50 per cwt in June and nearly triple the $33.25 per cwt recorded in the same month las...Read More

US steel wire rod prices approach record high

July 22, 2021 / Staff reporter

Prices in the United States for domestic and imported carbon steel wire rod rose by $40 per ton in July, nearing an all-time high for domestic product and a record for imports.Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US was $55-57 per hundredweight ($1,100-1,140 per short ton) on Tuesday July 20, up by 3.70% from 53-55 per cwt on June 1...Read More

Trade log: Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne

July 22, 2021 / Staff reporter

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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....Read More

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

July 22, 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...Read More

Lead producer Berzelius declares force majeure after floods close Stolberg plant

July 22, 2021 / Staff reporter

European lead smelter Berzelius Metall has declared force majeure on supply contracts after floods that have caused chaos in northern Germany and Belgium forced the closure of its Stolberg smelter.Fastmarkets' calls to Berzelius were not answered, while an email to parent company EcoBat Technologies was not responded to by the time of publication.But sources in the lead market confirmed to Fa...Read More

CHINA REBAR: Higher exw prices push up spot prices

July 22, 2021 / Staff reporter

China's domestic rebar prices picked up slightly on Wednesday July 21 following major mills raising ex works prices.DomesticEastern China (Shanghai): 5,230-5,250 yuan ($808-811) per tonne, up by 10 yuan per tonneEastern China major rebar producer, Shagang, raised their ex works price by 250 yuan per tonne to 5,550 yuan...Read More

Export billet prices from Iran surge on limited availability, improving demand in China

July 22, 2021 / Staff reporter

Iranian steel billet export prices continued to rise in the second half of July on improving demand from China, but availability is being constrained by a slowdown in steel production caused by electricity shortages, sources told Fastmarkets on Wednesday July 21.Extreme heat and drought conditions, combined with industrial growth and high energy-use cryptocurrency mining were cited as the reasons...Read More

IRON ORE DAILY: Prices fall with steel production limit in some Chinese provinces

July 22, 2021 / Staff reporter

Iron ore prices fell on Wednesday July 21 due to steel production cuts in some Chinese provinces for the second half of 2021, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $214.79 per tonne,down $6.25 per tonne62% Fe low-alumina fines, cfr Qingdao: $216.17 per tonne,down $6.85 per tonne58% Fe fines high-grade premium, cfr Qingdao: $176.44 per tonne,down $5.83 per tonne65% Fe...Read More

GLOBAL COPPER WRAP: China bonded premiums rebound as domestic market heats up

July 22, 2021 / Staff reporter

Premiums for copper cathodes in Shanghai's bonded zone traded in the week to Tuesday July 20 at their highest levels since May, while market sources in the United States speculated about possible rises.Premiums in Shanghai rise on strong domestic marketFresh pandemic concerns damp Southeast Asia demandUS premiums steady at high levels.China premium rebounds stronglyChina's import appetite for copp...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 21/07: Resistance to higher manganese flake offers

July 22, 2021 / Staff reporter

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

DAILY STEEL SCRAP: Public holiday continues to keep trading on hold

July 22, 2021 / Staff reporter

The Turkish deep-sea scrap market reported no new trading activity on Wednesday July 21, because of the week-long Eid al-Adha public holiday.Turkish steel mils have not booked any new scrap material since July 13.The country is currently off work for the week-long religious holiday of...Read More

NORTHERN EUROPE REBAR: Prices unaffected by softer trading

July 22, 2021 / Staff reporter

Steel rebar prices in northern Europe edged up in the week to Wednesday July 21 despite a seasonal slowdown in buying activity, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was ?,?890-930 ($1,049-1,096) per tonne on July 21, up from ?,?880-930 per tonne. This marks its highest level since Fastmarkets start...Read More

NORTHERN EUROPE WIRE ROD: Prices flat in seasonally quiet market

July 22, 2021 / Staff reporter

The Northern European market for steel wire rod was quiet in the week to Wednesday July 21, with prices being broadly flat, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?890-915 ($1,049-1,078) per tonne on Wednesday, the same as last week.The assessment was based on deals, offers and market participants'...Read More

US steel wire rod prices approach record high

July 22, 2021 / Staff reporter

Prices in the United States for domestic and imported carbon steel wire rod rose by $40 per ton in July, nearing an all-time high for domestic product and a record for imports.Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US was $55-57 per hundredweight ($1,100-1,140 per short ton) on Tuesday July 20, up by 3.70% from 53-55 per cwt on June 1...Read More

EUROPE HRC: Northern European market affected by floods; Italian buyers watch lower imports

July 22, 2021 / Staff reporter

Sentiment in the European hot-rolled coil segment has been mixed, with buyers in Northern Europe trying to assess impact of floods on the market and Italian buyers monitoring declining import prices, sources told Fastmarkets on Wednesday July 21.Across the European Union, trading activity has been limited while buyers wait for a clear market trend. Credit lines have been exhausted over the past fe...Read More

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