Steel H-beam prices in Northern and Southern Europe moved down this week on lower feedstock costs and weaker demand, sources told Fastmarkets on Wednesday May 1.Fastmarkets' assessment of the price for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe moved down to ?,?590-625 ($661-700) per tonne delivered on May 1, from ?,?590-635 per tonne delivered on April 24.High stock leve...Read More
Domestic prices for hollow steel sections in both Northern and Southern Europe moved down this week following continued feedstock price decreases and lackluster demand, sources told Fastmarkets on Wednesday May 1.The market has been quiet this week, largely due to the May 1 public holidays in many European countries, but also because of the previous slowdown for the Easter break across the co...Read More
The premium to be paid on purchases of lead ingots went up in India over the week ended Wednesday May 1, with buying spurred by low exchange rates before the imminent beginning of the monsoon season. Elsewhere, physical zinc premiums remained low in Europe, with sales prompted by record-high backwardations in the forward price. Lead premiums rise from one-year lows in IndiaZinc premiums remain at...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 1. Please click...Read More
Australian lithium spodumene concentrate producer Mineral Resources has announced lower first-quarter spodumene production at its Mount Marion mine in Western Australia. It produced 106,683 tonnes of lithium spodumene concentrate, at the Mount Marion operation in the south-central region of the state, in the January-March quarter, down by 7.23% from the 115,000 tonnes produced in the previous quar...Read More
Lead's three-month price on the London Metal Exchange fell to its lowest level since 2016 at the close of trading on Wednesday May 5, with its price action largely subdued amid commodity trading advisor (CTA) selling and low liquidity conditions, while investors hold out for the US Federal Reserve's rate decision due later. Reaching an intra-day low of $1,846.50 per tonne, three-month lead futures...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday May 1 that are worth another look.Vanadium producer Bushveld Minerals has agreed to buy multiple South African production assets for $68 million, it said on Wednesday May 1. The South Africa-based miner will acquire Duferco Vanadium Investment Holding's Vanchem plant, the ferro-vanadium business of its subsidiary South African...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday May 1. Please click...Read More
Lead's three-month price on the London Metal Exchange fell to its lowest level since 2016 at the close of trading on Wednesday May 5, with its price action largely subdued amid commodity trading advisor (CTA) selling and low liquidity conditions, while investors hold out for the US Federal Reserve's rate decision due later. Reaching an intra-day low of $1,846.50 per tonne, three-month lead futures...Read More
Fastmarkets' tin premiums in the United States fell this week, with an indefinite strike at the world's fifth-largest tin producer unlikely to alleviate pressure of poor demand and oversupply, while weak buying appetite and supply uncertainties in Indonesia are capping spot business in Asia and Europe. US premiums fall despite Minsur strike, demand in question European participants brace for...Read More
Fastmarkets' tin premiums in the United States fell this week, with an indefinite strike at the world's fifth-largest tin producer unlikely to alleviate pressure of poor demand and oversupply, while weak buying appetite and supply uncertainties in Indonesia are capping spot business in Asia and Europe. US premiums fall despite Minsur strike, demand in question European participants brace for...Read More
Domestic prices for hollow steel sections in both Northern and Southern Europe moved down this week following continued feedstock price decreases and lackluster demand, sources told Fastmarkets on Wednesday May 1.The market has been quiet this week, largely due to the May 1 public holidays in many European countries, but also because of the previous slowdown for the Easter break across the co...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday May 1 that are worth another look.Vanadium producer Bushveld Minerals has agreed to buy multiple South African production assets for $68 million, it said on Wednesday May 1. The South Africa-based miner will acquire Duferco Vanadium Investment Holding's Vanchem plant, the ferro-vanadium business of its subsidiary South African...Read More
Weak United States aluminium premiums and increased ocean shipping costs led to a continued narrowing of the estimated arbitrage between Southeast Asia warehouses and the US Midwest.Fastmarkets assessment for the average monthly midpoint of the P1020 US Midwest aluminium premium was at $418.87 per tonne in April, flat from March.Oversupply has created pressure on the US premium over the month, nar...Read More
Chinese nickel premiums diverged from those in Europe and the United States on Tuesday April 30, hitting a 13-month high on arbitrage-profit opportunities emanating from an open import window.All US nickel premiums slid on surplus stock, following an almost two-year low in the European nickel briquette premium.Chinese premiums surge to 13-month high on open import window Ample scrap supply f...Read More
Comex copper prices plummeted during the trading session on Wednesday May 1, with investors bearish before the US Federal Reserve rate decision expected later today.The copper price for July settlement on the Comex division of the New York Mercantile Exchange tumbled by 5.55 cents to $2.8485 per lb. "The Fed is widely expected to reiterate its dovish stance despite the fact that it is in a bit...Read More
The UK government has agreed to provide long steel producer British Steel a loan worth ?120 million ($156 million) to cover the annual bill from the EU for the company's carbon emissions, government business secretary Greg Clark told the UK Parliament on Wednesday May 1."British Steel approached my department earlier this year to explain that the absence of the expected 2019 free allowances left...Read More
Steel H-beam prices in Northern and Southern Europe moved down this week on lower feedstock costs and weaker demand, sources told Fastmarkets on Wednesday May 1.Fastmarkets' assessment of the price for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe moved down to ?,?590-625 ($661-700) per tonne delivered on May 1, from ?,?590-635 per tonne delivered on April 24.High stock leve...Read More
The Northern European domestic price for mesh-quality wire rod has widened downwards by ?,?5 per tonne week-on-week, amid low demand, market participants told Fastmarkets on Wednesday May 1. Fastmarkets' weekly domestic price assessment for mesh-quality wire rod in Northern Europe was ?,?525-550 ($588-616) per tonne delivered on Wednesday, down from ?,?530-550 per tonne on April 24. "Dem...Read More
The price range for rebar produced and delivered in Northern Europe moved down week-on-week amid low demand and reduced market activity, sources told Fastmarkets on Wednesday May 1.Fastmarkets' weekly price assessment for domestic rebar in Northern Europe was ?,?530-545 ($594-611) per tonne delivered on Wednesday, down from ?,?535-550 per tonne delivered on April 24. A number of countri...Read More