Base Metal Stock Articles

Singapore rebar import prices continue higher on limited supply

March 02, 2021 / Staff reporter

Prices for rebar imports into Singapore continued on an upward trend in the week to Monday March 1 on bullish sentiment caused by rebounding scrap prices and higher offers from key suppliers, sources told Fastmarkets.Major steel mills in China and Turkey increased offers to $675-685 per tonne cfr Singapore on a theoretical weight basis, on the fast rebound of ferrous scrap prices around the world....Read More

Livent to supply lithium to carmaker BMW

March 02, 2021 / Staff reporter

United States-based lithium producer Livent will supply battery-grade lithium carbonate and hydroxide to German carmaker BMW.Paul Graves, the miner's president and chief executive officer, made the announcement during an earnings call following the release of Livent's financial results for the fourth quarter of 2020."This is a multi-year agreement under which Livent will deliver both lithium carbo...Read More

Chinese nickel sulfate price sets fresh all-time high

March 02, 2021 / Staff reporter

China's nickel sulfate price continued rise in the week to Friday February 26 to reach a new record high, mainly driven by the volatile nickel price at the London Metal Exchange and limited supplies, sources told Fastmarkets.Fastmarkets' price assessment for nickel sulfate min 21%, max 22.5%, cobalt 10ppm max, exw China was at 35,000-38,000 yuan ($5,414-5,878) per tonne on Friday February 26, up b...Read More

EUROPE HRC WRAP: Domestic prices rise on tight supply, downstream offers up

March 02, 2021 / Staff reporter

Domestic prices for steel hot-rolled coil in Northern Europe increased over the week to Friday February 26, supported by long lead times from domestic mills and good demand.At the end of last week, ArcelorMittal pushed its official offers for downstream products up by ?,?20 ($24) per tonne, but kept offers for HRC unchanged at ?,?750 ($905) per tonne ex-works.Some sources, however, had heard HRC o...Read More

TRADE CASE MONITOR: Around the world's steel markets in February 2021

March 02, 2021 / Staff reporter

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in February 2021.The case list below includes only updates. For other continuing cases this year,...Read More

ASIA HRC: Prices rise despite thin demand, low domestic offers

March 02, 2021 / Staff reporter

Prices for imported hot-rolled coil in the key Vietnamese market have risen despite thin demand from end users and low domestic offers from Hoa Phat Steel, market sources told Fastmarkets.The unclear situation over whether China will cut steel export rebates has also added further uncertainty to market sentiment. Fastmarkets' weekly price assessment for steel HRC, import, cfr Vietnam, which m...Read More

CIS LONG STEEL: Mills raise offers amid supportive market sentiment

March 02, 2021 / Staff reporter

CIS producers of steel rebar and wire rod have increased their offer prices to foreign customers amid the persistent uptrend in scrap and long steel prices globally, Fastmarkets heard on Monday March 1.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $459.85 per tonne on Monday, up by $3.33 per tonne day on day and up by $26.44 per tonne week on week.Higher...Read More

RUSSIA REBAR: Prices drop on slow demand, fierce competition

March 02, 2021 / Staff reporter

Domestic steel rebar prices in Russia's Central Federal District around Moscow fell in the week to Monday March 1, due to seasonally slow demand and aggressive pricing by some producers, sources told Fastmarkets.Fastmarkets price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 50,000 roubles ($670) per tonne, including 20% value-added tax, on March 1, down by 4,000-...Read More

TRADE CASE MONITOR: Around the world's steel markets in February 2021

March 02, 2021 / Staff reporter

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in February 2021.The case list below includes only updates. For other continuing cases this year,...Read More

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

March 02, 2021 / Staff reporter

Here are five Fastmarkets stories you might have might have missed on Monday March 1 that are worth another look.Brazilian iron ore exports increased by 10.9% in February versus the corresponding month in 2020, with a significantly higher average price, according to data released by the country's economy ministry...Read More

Brazil iron ore exports up 10.9% in February after Vale boosts output

March 02, 2021 / Staff reporter

Brazilian iron ore exports increased by 10.9% in February versus the corresponding month in 2020, with a significantly higher average price, according to data released by the country's economy ministry on Monday March 1.Brazil exported 24.05 million tonnes of iron ore in February, up from 21.69 million tonnes in the same month last year, according to the ministry.Vale, the world's largest producer...Read More

TURKEY DOMESTIC STEEL SCRAP: Rising import costs push up domestic prices

March 02, 2021 / Staff reporter

Turkish domestic scrap prices have gone up over the past week because of increasing imported scrap values, market sources said on Monday March 1.Prices for steel scrap imported into Turkey continued to rise after mills in the country booked a number of cargoes from Europe, the United States and the Baltic Sea region in the past week, supported by growing demand and rising prices for rebar and bill...Read More

CIS STEEL SLAB: Higher prices achieved in sales to Italy

March 02, 2021 / Staff reporter

Prices in the CIS export steel slab market picked up in the week to Monday March 1 with bookings heard at higher prices in Italy. Higher costs for raw materials and raised prices for finished flat steel prices supported the uptrend in the slab sector.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was calculated at $450.49 per tonne on March 1, down...Read More

Assmang ends force majeure on ferro-manganese production in South Africa

March 02, 2021 / Staff reporter

Mining and metals producer Assmang has ended its force majeure on its medium-carbon ferro-manganese production in South Africa, a source told Fastmarkets on Monday March 1. Assmang produces refined ferro-manganese at its Cato Ridge Alloys plant in the eastern province of KwaZulu-Natal and halted production at the start of January. The company also produces high-carbon ferro-manganese, but producti...Read More

TRADE CASE MONITOR: Around the world's steel markets in February 2021

March 02, 2021 / Staff reporter

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in February 2021.The case list below includes only updates. For other continuing cases this year,...Read More

Brazil iron ore exports up 10.9% in February after Vale boosts output

March 02, 2021 / Staff reporter

Brazilian iron ore exports increased by 10.9% in February versus the corresponding month in 2020, with a significantly higher average price, according to data released by the country's economy ministry on Monday March 1.Brazil exported 24.05 million tonnes of iron ore in February, up from 21.69 million tonnes in the same month last year, according to the ministry.Vale, the world's largest producer...Read More

TRADE CASE MONITOR: Around the world's steel markets in February 2021

March 02, 2021 / Staff reporter

As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in February 2021.The case list below includes only updates. For other continuing cases this year,...Read More

Pakistan to use Fastmarkets' ferrous scrap index for customs valuations

March 02, 2021 / Staff reporter

Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on February 25.The decision came after meetings to determine customs values, held on January 14 and February 3 with key industry stakeholders - including the Federation of Pakistan Chambers of Commerce & Industry (FPCC&I), t...Read More

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

March 02, 2021 / Staff reporter

Here are five Fastmarkets stories you might have might have missed on Monday March 1 that are worth another look.Brazilian iron ore exports increased by 10.9% in February versus the corresponding month in 2020, with a significantly higher average price, according to data released by the country's economy ministry...Read More

Brazil iron ore exports up 10.9% in February after Vale boosts output

March 02, 2021 / Staff reporter

Brazilian iron ore exports increased by 10.9% in February versus the corresponding month in 2020, with a significantly higher average price, according to data released by the country's economy ministry on Monday March 1.Brazil exported 24.05 million tonnes of iron ore in February, up from 21.69 million tonnes in the same month last year, according to the ministry.Vale, the world's largest producer...Read More

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