Base Metal Stocks Articles

EU GREEN STEELMAKING: Hybrit produces hydrogen-reduced sponge iron

June 25, 2021 / Staff reporter

The Hybrit initiative - SSAB, LKAB and Vattenfall - has produced the world's first hydrogen-reduced sponge iron at a pilot scale, it said on June 24.The pilot plant in Lule??, Sweden has completed the test production of sponge iron and demonstrated that it is possible to use fossil-free hydrogen gas to reduce iron ore instead of using coal and coke to remove the oxygen. The sponge iron production...Read More

JAPAN STEEL SCRAP: High local market limits export deals again

June 25, 2021 / Staff reporter

A rising local Japanese scrap market has limited the number of export deals closed in the last week, market sources told Fastmarkets on June 24.The lack of export activity was particularly noticeable for higher grade Shindachi busheling and heavy scrap (HS) this week, with domestic steelmakers continuing to pay very competitive prices for the material, sources said.On June 23, key scrap buyer Toky...Read More

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

June 25, 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.Fastmarkets assessed Cobalt alloy grade, in-whs Rotterdam, $/lb...Read More

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

June 25, 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 assessed Cobalt standard grade, in-whs...Read More

CONSUMER ELECTRONICS MARKET REPORT 23/06: Producers raise cobalt tetroxide offers

June 25, 2021 / Staff reporter

An overview of the consumer electronics markets and their latest price moves.Dalila Ouerghi and Janie Davies...Read More

China's domestic stainless steel market strengthens on mills' higher list prices

June 25, 2021 / Staff reporter

China's domestic stainless steel prices rose to their highest in four-and-a-half years over the past week after producers made upward adjustments to their list prices.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 16,900-17,500 ($2,609-2,701) per tonne, up by 300 yuan per tonne Prices were last at these levels in December 2016, according to Fastmarkets' data.High productio...Read More

MORNING VIEW: Base metals consolidating after three-day rebound

June 25, 2021 / Staff reporter

Consolidation has set in across the base metals on the London Metal Exchange this morning, Thursday June 24, while in Shanghai, moves were mixed in response to the combination of yesterday's strength and this morning's weakness on the LME.Broader markets also mixed this morning, suggesting that markets are waiting for directionBase metalsLME three-month base metals prices were down across the boar...Read More

LIVE FUTURES REPORT 24/06: LME copper price down 1.3%, stock reaches 11-month high

June 25, 2021 / Staff reporter

Copper prices on the London Metal Exchange fell on the morning of Thursday June 24, with concerns of earlier-than-expected interest rate increases returning to the market.The three-month copper contract on the LME was down 1.3% at 9am on Thursday, at $9,357.50 per tonne, following a 2% rise at the close of trading on Wednesday, at $9,482.50 per tonne. Wednesday's closing price was the metal's high...Read More

Base metals firmer in Shanghai, mixed in London

25 June 2021 / Staff reporter

While copper and tin prices are showing some hesitancy on the London Metal Exchange, most of the other base metals are looking robust this morning, Friday June 25, and all the base metals in Shanghai are upbeat too.United States President Joe Biden has agreed a $1 trillion infrastructure deal, which should be good for metals because it focuses on upgrading roads, bridges and broadband network...Read More

Tech Talk for Friday June 25th 2021

25/06/2021 / Staff reporter

U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.Nike advanced $4.40 to $138.00 after reporting higher than consensus fiscal fourth quarter revenues and earnings. FedEx dropped $12.19 to $291.57 after reporting less than consensus fourth quarter results. KBE Bank ETF added $0.40 to $64.80 after 23 major U.S. banks easily passed their Fed...Read More

SSS 2021: HBI, scrap to gain increasing market share as steelmaking raw materials in Japan

June 25, 2021 / Staff reporter

Hot-briquetted iron and ferrous scrap will become increasingly important as key steelmaking raw materials in Japan, according to SMBC Nikko Securities' senior analyst Atsushi Yamaguchi.Speaking at the Asia panel session at Steel Success Strategies 2021 on Wednesday June 23, Yamaguchi said the move will happen because of increasing concerns over carbon emissions in Japan, where major steel producer...Read More

DAILY STEEL SCRAP: Fresh US cargo deal ends silence in Turkey

June 25, 2021 / Staff reporter

Turkish steel mills have broken their silence in the deep-sea scrap import markets with a fresh US cargo sold at a slightly lower price, market sources said on Thursday June 24.A steel mill in the Izmir region booked a United States-origin cargo, comprising 10,000 tonnes of HMS 1&2 (80:20) at $499 per tonne, 16,000 tonnes of shredded and 2,000 tonnes of bonus at $519 per tonne cfr....Read More

FOCUS: European Ti markets could fall in near term

June 25, 2021 / Staff reporter

Prices in the European titanium alloy and scrap market could fall in the near term amid signs of weaker scrap costs and little renewed consumer demand for third quarter deliveries, according to trade sources.While most industry ferro-titanium suppliers reported fairly stable prices this week, they also said trading activity has been quiet, much like the rest of the current quarter. Steelmakers tol...Read More

China's domestic stainless steel market strengthens on mills' higher list prices

June 25, 2021 / Staff reporter

China's domestic stainless steel prices rose to their highest in four-and-a-half years over the past week after producers made upward adjustments to their list prices.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 16,900-17,500 ($2,609-2,701) per tonne, up by 300 yuan per tonne Prices were last at these levels in December 2016, according to Fastmarkets' data.High productio...Read More

IN FIGURES: China's ores, alloys imports in May 2021

June 24, 2021 / Staff reporter

A summary of China's ores and alloys imports for May 2021.In brief May imports of ferro-chrome declined because buyers were less concerned about domestic supply after Inner Mongolia loosened its energy controls on high consuming companies in the second quarter. Manganese ore imports rose month on month with increased arrivals from...Read More

IN FIGURES: China's ores, alloys exports in May 2021

June 24, 2021 / Staff reporter

A summary of China's ores and alloys exports for May 2021.In brief China's silico-manganese export market was active due to a combination of strong demand and tight supply in the global silico-manganese market. APT exports in May dropped amid a slow overseas market. Overseas buyers were cautious in buying the material once the price reached $270 per...Read More

Bullish sentiment fuels China's ferro-chrome price rally

June 24, 2021 / Staff reporter

A three-week price rally for the ferro-chrome market in China sped up in the week to Tuesday June 22 on bullish market sentiment after leading producers in China initiated higher prices amid production uncertainty."Production has been greatly impacted amid the uncertainty brought by Inner Mongolia's energy controls and electricity supply shortage. This, together with sharply increased production c...Read More

IN CASE YOU MISSED IT: 5 key stories from June 23

June 24, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday June 23 that are worth another look.Swedish special steel producer Ovako is to collaborate with carmaker Volvo Group, Hitachi ABB Power Grids, H2 Green Steel and Nel Hydrogen to invest in hydrogen production at Hofors in Sweden, it has been announced.Read More

LIVE FUTURES REPORT 23/06: LME base metals prices continue to gain momentum; copper up 2%

June 24, 2021 / Staff reporter

Base metals prices on the London Metal Exchange continued to trade higher across the board during the day on Wednesday June 23. Prices across the complex followed their recent upward momentum during Wednesday's trading as a result of pacified market sentiment following the testimony given by Federal Reserve chairman Jerome Powell to Congress on Tuesday. "In his testimony, Powell's tone was relativ...Read More

IN CASE YOU MISSED IT: 5 key stories from June 23

June 24, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday June 23 that are worth another look.Swedish special steel producer Ovako is to collaborate with carmaker Volvo Group, Hitachi ABB Power Grids, H2 Green Steel and Nel Hydrogen to invest in hydrogen production at Hofors in Sweden, it has been announced.Read More

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