Base Metal Stocks Articles

PRICING NOTICE: Change to Fastmarkets MB's midpoints and averages

November 15, 2019 / Staff reporter

Fastmarkets MB will from next month display in the Price Book calculated price midpoints and averages that are rounded to two decimal places.This will ensure consistency of published values across all of Fastmarkets MB's delivery channels.Where Fastmarkets MB publishes prices as a low-high range, users have the option to view the calculated midpoint of that range. From Monday December 9, Fastmarke...Read More

PRICING NOTICE: Change to Fastmarkets MB's midpoints and averages

November 15, 2019 / Staff reporter

Fastmarkets MB will from next month display in the Price Book calculated price midpoints and averages that are rounded to two decimal places.This will ensure consistency of published values across all of Fastmarkets MB's delivery channels.Where Fastmarkets MB publishes prices as a low-high range, users have the option to view the calculated midpoint of that range. From Monday December 9, Fastmarke...Read More

ArcelorMittal CEO expects 5-6% rise in Brazilian steel use in 2020; Gerdau even more bullish

November 15, 2019 / Staff reporter

Brazilian apparent steel use is showing signs of recovery and will increase significantlyfrom next year, ArcelorMittal Long Carbon Latin America chief executive officer Jefferson de Paula said this week. Brazil's steel consumption reached an all-time high of 28.02 million tonnes in 2013, according to the national steel association, Instituto A??o Brasil, De Paula told delegates at the La...Read More

LIVE FUTURES REPORT 14/11: LME aluminium price narrows while spreads flip to contago; zinc slips below $2,400

November 15, 2019 / Staff reporter

The three-month aluminium price on the London Metal Exchange was lower at the close of trading on Thursday November 14, closing at its lowest level since late-October, while zinc's outright price similarly fell to its lowest level in just over a month.Aluminium's outright price on the LME closed at $1,742 per tonne on Thursday afternoon, its lowest closing price since October 28, although turnover...Read More

ALUMINA ROUND-UP: Australian fob price steady around $280 per tonne

November 15, 2019 / Staff reporter

The fob Australia price for alumina has hovered around the $280 per tonne mark in relatively liquid trading over the week ended Thursday November 14.Fastmarkets calculated the benchmark daily alumina index, fob Australia, at $281.10 per tonne on Thursday, up from $279.72 per tonne on the previous day.Key drivers Market participants heard of several deals throughout the week, for a combined total o...Read More

DAILY SCRAP REPORT: Mills book more scrap for December, but worry over long steel demand

November 15, 2019 / Staff reporter

Turkish steel producers have continued to book scrap shipments for December deliveries at prices remaining largely stable, sources said on Thursday November 14.A steel mill in the Marmara region booked a US cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $260 per tonne, 12,000 tonnes of shredded at $265 per tonne and 3,000 tonnes of plate and structural scrap (P&S) at $270 per tonne cfr late...Read More

CHINA COBALT SNAPSHOT: Consumers retreat on comfortable tetroxide, hydroxide stocks; sulfate demand low

November 15, 2019 / Staff reporter

Key data from the Wednesday November 13 pricing sessions in Shanghai and London. Key drivers China's cobalt sulfate price dropped by 6% from last Friday when weak demand forced suppliers to cut offers to encourage sales and facilitate cashflow in the run-up to year-end.The cobalt tetroxide price is under...Read More

IN CASE YOU MISSED IT: 5 key stories from November 14

November 15, 2019 / Staff reporter

Here are five Fastmarkets MB stories you might have missed on Thursday November 14 that are worth another look.China's annual scrap consumption could reach 330 million tonnes by 2030 and account for up to half of the country's steel output, according to the China Association of Metal Scrap Utilization (Camu).Copper miners and smelters look set to agree the lowest annual benchmark for concentrate i...Read More

LIVE FUTURES REPORT 14/11: LME aluminium price narrows while spreads flip to contago; zinc slips below $2,400

November 15, 2019 / Staff reporter

The three-month aluminium price on the London Metal Exchange was lower at the close of trading on Thursday November 14, closing at its lowest level since late-October, while zinc's outright price similarly fell to its lowest level in just over a month.Aluminium's outright price on the LME closed at $1,742 per tonne on Thursday afternoon, its lowest closing price since October 28, although turnover...Read More

ALUMINA ROUND-UP: Australian fob price steady around $280 per tonne

November 15, 2019 / Staff reporter

The fob Australia price for alumina has hovered around the $280 per tonne mark in relatively liquid trading over the week ended Thursday November 14.Fastmarkets calculated the benchmark daily alumina index, fob Australia, at $281.10 per tonne on Thursday, up from $279.72 per tonne on the previous day.Key drivers Market participants heard of several deals throughout the week, for a combined total o...Read More

COKING COAL DAILY: Import suspension at some Chinese ports creates uncertainty

November 15, 2019 / Staff reporter

An informal suspension of coal imports at ports in the eastern Chinese province of Jiangsu province and some parts of southern China has raised uncertainties in the seaborne coking coal market, though the country's downstream steel market strengthened on Thursday November 14.Fastmarkets indicesPremium hard coking coal, fob DBCT: $134.53 per tonne, down $0.88 per tonnePremium hard coking coal, cfr...Read More

Argentina's steel consumption to remain stable next year, rebound in 2021: Ternium

November 15, 2019 / Staff reporter

Argentina's steel consumption is likely to be little changed from this year's level in 2020 and recover only in 2021, according to a preliminary forecast by Ternium Argentina.Next year is expected to be a period of transition due to the change of government in the country, Ternium Argentina general director Mart?-n Berardi said on Wednesday November 13 during the 60th Latin American Steel Congress...Read More

Asian steel plate prices set for strong start in 2020, Japanese steelmaker says

November 15, 2019 / Staff reporter

Support for steel plate prices in Asia was likely to continue in 2020 because of the environmental restrictions imposed by the Chinese government on steelmaking during the coming winter, a source at a leading Japanese steel mill told Fastmarkets this week."Reduced supply in winter, when Chinese producers cut back their output, means that prices are likely to move up from now on," the source said.C...Read More

IN CASE YOU MISSED IT: 5 key stories from November 14

November 15, 2019 / Staff reporter

Here are five Fastmarkets MB stories you might have missed on Thursday November 14 that are worth another look.China's annual scrap consumption could reach 330 million tonnes by 2030 and account for up to half of the country's steel output, according to the China Association of Metal Scrap Utilization (Camu).Copper miners and smelters look set to agree the lowest annual benchmark for concentrate i...Read More

LIVE FUTURES REPORT 14/11: LME aluminium price ignores 78kt inflow; tin improves

November 15, 2019 / Staff reporter

The three-month aluminium price on the London Metal Exchange was little moved during morning trading on Thursday November 14, ignoring a fresh inflow of more than 78,000 tonnes into LME-registered Asian warehouses.Price action in the light metal was recently seen at $1,764 per tonne, just a dollar below Wednesday's closing price. Turnover was moderate, with just under 2,350 lots exchanged as of 9:...Read More

LIVE FUTURES REPORT 14/11: SHFE base metals prices mixed on fading trade optimism, weak data; zinc down 1.1%

November 15, 2019 / Staff reporter

Base metals prices on the Shanghai Futures Exchange were mixed during the morning trading session on Thursday November 14, with zinc leading on the downside with a 1.1% drop.The most-traded January zinc contract on the SHFE slumped to 18,335 yuan ($2,612) per tonne as at 10.35am Shanghai time, down 205 yuan per tonne from Wednesday's close of 18,540 yuan per tonne.Compared with their closes on Wed...Read More

US flat-steel import market muted again

November 15, 2019 / Staff reporter

US importers' interest in foreign flat-rolled products - which have been largely uncompetitive against low-priced domestic goods under the Section 232 tariffs - remains mixed on uncertain outlooks for the first quarter of 2020, market participants told Fastmarkets.Industry chatter has centered on the domestic market over the past two weeks, after US steel mills pushed out a second, widely anticipa...Read More

ALACERO 60: Latin American steelmakers oppose Mercosur dissolution, advocate further integration

November 15, 2019 / Staff reporter

Latin American steelmakers this week expressed their worries about a potential dissolution of the Mercosur trade bloc in discussions at the annual conference of the region's steel association, Alacero, in Buenos Aires, Argentina.They advocated further regional integration to help them adapt to the recent decline in globalization.The local industry has been warning for quite some time about the neg...Read More

TURKEY STEEL BILLET: Import, export prices improve on recovering demand

November 15, 2019 / Staff reporter

Steel billet import and export prices in Turkey have increased slightly over the past week, in line with improving demand. But domestic prices have remained fairly stable, sources said on Thursday November 14.Suppliers in the Commonwealth of Independent States (CIS) region kept their offers firm, with some of them managing to secure several deals to North Africa at higher prices earlier this week....Read More

TURKEY LONG STEEL: Domestic prices recover slightly

November 15, 2019 / Staff reporter

Rebar and wire rod prices in the Turkish domestic market have gone up slightly over the past week, in line with higher scrap costs and recovering demand, sources said on Thursday November 14.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey was 2,850-2,900 Turkish lira ($495-504) per tonne, narrowing up from the last week's 2,830-2,900 Turkish lira pe...Read More

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