Base Metal Stocks Articles

Long Steel Products Trade Log, November 12, 2019

November 13, 2019 / Staff reporter

The latest bids, offers and deals in the global markets for rebar, wire rod, beams and other long steel products. Latest transaction: rebar, wire rodRebar East China, domestic, grade III 16-25mm...Read More

DAILY SCRAP REPORT: Mills step back after flurry of deep-sea bookings

November 13, 2019 / Staff reporter

Turkish steel producers have taken a break from the deep-sea scrap market after last week's burst of buying activity for December cargoes, sources said on Tuesday November 12.Fastmarkets has recorded trades for 10 deep-sea cargoes at strengthening prices since the beginning of last week, totaling around 340,000 tonnes.The mills stepped away from the deep-sea markets on Tuesday, but they were expec...Read More

IRON ORE DAILY: Seaborne prices rebound above $80/t amid China restrictions, Vale target cut

November 13, 2019 / Staff reporter

Seaborne iron ore prices rose above $80 per tonne cfr on Tuesday November 12 amid advances in the derivatives markets following news on production restrictions in China and Vale's lower sales target.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $81.48 per tonne, up $2.50 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $81.51 per tonne, up $2.50 per tonne.62% Fe low-alumina fines, cfr Q...Read More

IRON ORE DAILY: Seaborne prices sink below $79/t on bearish sentiment

November 13, 2019 / Staff reporter

Seaborne iron ore prices fell below $79 per tonne cfr China on Monday November 11 amid worsening market sentiment.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $78.98 per tonne, down $1.13 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $79.01 per tonne, down $1.13 per tonne.62% Fe low-alumina fines, cfr Qingdao: $78.30 per tonne, down $1.20 per tonne.58% Fe fines high-premium, cfr Qin...Read More

CIS STEEL BILLET: Mills secure deals in North Africa, but buyers mainly cautious

November 13, 2019 / Staff reporter

CIS billet producers managed to secure several deals at higher prices in North Africa in the past few days, but most buyers have remained in wait-and-see mode since the start of November.Ukraine's Metinvest returned to the market in November and sold a 25,000-tonne billet cargo with increased manganese content to a buyer in Libya in the past few days at around $405-407 per tonne cfr, sources told...Read More

GULF STEEL BILLET, REBAR: Prices increase on improved demand

November 13, 2019 / Staff reporter

Prices for import billet and rebar, and domestic rebar in the United Arab Emirates have increased over the past week on improving demand, market sources said on Tuesday November 12.Some market participants believe prices will increase further due to the global rise in production costs, while others argue that demand is not strong enough to support such increases.Billet importsBillet was offered fr...Read More

CHINA REBAR: Futures rises on production curb regulations

November 13, 2019 / Staff reporter

Rebar contracts on the Shanghai Futures Exchange increased on Tuesday November 12 following two notices about winter production restrictions in the Fenwei Plain and Yangtze River Delta regions, but spot prices were unchanged. Eastern China (Shanghai): 3,700-3,740 yuan ($528-534) per tonne, unchangedNorthern China (Beijing): 3,630-3,650 yuan per tonne, unchangedRestrictions on production have been...Read More

European manganese alloys markets under long-term pressure

November 13, 2019 / Staff reporter

European manganese alloys prices are extending their losses in the spot market in line with weaker demand from the steel sector, and further weighed by persistent falls in manganese ore prices in recent months, industry sources told Fastmarkets.The silico-manganese market weakened by almost 4% to ?,?840-860 ($926-949) per tonne from ?,?880-890 per tonne in the past week, after suppliers cut their...Read More

GLOBAL FERRO-SILICON WRAP: China, Europe extend price stability

November 13, 2019 / Staff reporter

The Chinese ferro-silicon market has been supported by firmer steel prices over the past week despite muted demand for volumes of feed alloy, while in Europe, the market has been steady for two consecutive weeks despite no reported trades, with tighter supply underpinning spot prices. Chinese domestic alloys prices steady amid firmer steel prices. Chinese export market stable. European market unch...Read More

Voestalpine begins operations at its carbon neutral hydrogen-production pilot plant

November 13, 2019 / Staff reporter

Voestalpine has started operations at its pilot plant in Linz, Austria, for carbon-neutral production of hydrogen, taking a significant step towards making the project commercially viable.The plant has capacity of more than 6 MW and will test whether the technology can produce green hydrogen via electrolysis suitable for use on an industrial scale. It is hoped hydrogen can replace the coke/coal-ba...Read More

WEEKLY BASE METALS REPORT 12/11

November 13, 2019 / Staff reporter

A summary of base metals premiums from across the globe for the week to Tuesday November 12.Please click...Read More

EU HRC producers to raise offers on reduced output, lack of import competition

November 13, 2019 / Staff reporter

European producers of hot-rolled coil were expected to raise their domestic offer prices and were likely to achieve better trading prices because of production cuts and the lack of competitive import offers, sources told Fastmarkets on Tuesday November 12."I think [the days of] cheap offers are now gone and mills will increase their offers soon," a German source said.The steelmakers, however, pref...Read More

LIVE FUTURES REPORT 12/11: LME nickel price shows slight uptick on high turnover; lead falls 1.5%

November 13, 2019 / Staff reporter

The three-month nickel price on the London Metal Exchange improved at the close of trading on Tuesday November 12, climbing by around 0.5% on high turnover, while the rest of the base metals complex struggled to close in positive territory.Nickel futures settled at $15,660 per tonne at the 5pm close on Tuesday, improving from an intraday low of $15,385 per tonne. Turnover was high, with just under...Read More

DAILY SCRAP REPORT: Mills step back after flurry of deep-sea bookings

November 13, 2019 / Staff reporter

Turkish steel producers have taken a break from the deep-sea scrap market after last week's burst of buying activity for December cargoes, sources said on Tuesday November 12.Fastmarkets has recorded trades for 10 deep-sea cargoes at strengthening prices since the beginning of last week, totaling around 340,000 tonnes.The mills stepped away from the deep-sea markets on Tuesday, but they were expec...Read More

IN CASE YOU MISSED IT: 5 key stories from November 12

November 13, 2019 / Staff reporter

Here are five Fastmarkets MB stories you might have missed on Tuesday November 12 that are worth another look.Brazil's Vale expects to produce 70-75 million tonnes of iron ore fines and pellets in the first three months of 2020, compared with 72.9 million tonnes in the same quarter of this year.European manganese alloys prices are extending their losses in the spot market in line with weaker...Read More

FOCUS: Preference for spot, short-term cobalt hydroxide procurement supports spot liquidity

November 13, 2019 / Staff reporter

Cobalt hydroxide buyers' preference for spot and short-term procurement will persist, adding spot liquidity to the cobalt raw materials market next year, Fastmarkets understands. Chinese cobalt consumers demonstrated continued appetite to commit to long-term contracts during Antaike's annual International Nickel & Cobalt Conference in Yichang on November 5-6, which is an event where suppliers and...Read More

WEEKLY BASE METALS REPORT 12/11

November 13, 2019 / Staff reporter

A summary of base metals premiums from across the globe for the week to Tuesday November 12.Please click...Read More

LIVE FUTURES REPORT 12/11: LME nickel price shows slight uptick on high turnover; lead falls 1.5%

November 13, 2019 / Staff reporter

The three-month nickel price on the London Metal Exchange improved at the close of trading on Tuesday November 12, climbing by around 0.5% on high turnover, while the rest of the base metals complex struggled to close in positive territory.Nickel futures settled at $15,660 per tonne at the 5pm close on Tuesday, improving from an intraday low of $15,385 per tonne. Turnover was high, with just under...Read More

IRON ORE DAILY: Seaborne prices rebound above $80/t amid China restrictions, Vale target cut

November 13, 2019 / Staff reporter

Seaborne iron ore prices rose above $80 per tonne cfr on Tuesday November 12 amid advances in the derivatives markets following news on production restrictions in China and Vale's lower sales target.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $81.48 per tonne, up $2.50 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $81.51 per tonne, up $2.50 per tonne.62% Fe low-alumina fines, cfr Q...Read More

CIS STEEL BILLET: Mills secure deals in North Africa, but buyers mainly cautious

November 13, 2019 / Staff reporter

CIS billet producers managed to secure several deals at higher prices in North Africa in the past few days, but most buyers have remained in wait-and-see mode since the start of November.Ukraine's Metinvest returned to the market in November and sold a 25,000-tonne billet cargo with increased manganese content to a buyer in Libya in the past few days at around $405-407 per tonne cfr, sources told...Read More

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