Base Metal Stocks Articles

Copper concentrate indices mostly stable; Antamina talks continue, China smelters agree to export plan

November 06, 2021 / Staff reporter

Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) indices were largely stable this past week. More tonnages are available on tender for shipment next year, while smelters' buying has been relatively limited ahead of annual negotiations. For clean concentrate, a 90,000-tonne Cozamin tender for 2022 production was due to be awarded later on Friday November 5, with winning ter...Read More

Diwali slows Indian scrap trading; Pakistan scrap market cools

November 06, 2021 / Staff reporter

Prices for shredded steel scrap imported into Pakistan and India dipped on Friday November 5 after trading slowed for both markets, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan, at $557.89 per tonne on Friday, compared with $563.74 per tonne one week previous.Deals were heard at $552-562 per tonne in the reported...Read More

Steel scrap prices in major markets waver on Turkey rebound

November 06, 2021 / Staff reporter

Ferrous scrap prices in the global markets were unstable in the week ended Friday November 5 because deep-sea import prices in Turkey, the biggest scrap importer, fell earlier. But they rebounded toward the end of the week, while suppliers in the United States were able to resist the decline because of strong domestic demand. Turkish import prices rebounded late in the week Strong domestic demand...Read More

US pig iron market up; suppliers bullish

November 06, 2021 / Staff reporter

The import pig iron market in the United States went up during the week to Friday November 5 amid bullishness from suppliers.Fastmarkets' assessment of the price for pig iron, import, cfr Gulf of Mexico, US was $550-570 per tonne on Friday, up from $545-555 per tonne a week earlier.There was talk in the market that two Russia-origin cargoes were sold to the US at $568-580 per tonne cfr,...Read More

Turkish steelmakers continue to pay higher prices for deep-sea scrap

November 06, 2021 / Staff reporter

Turkish steel producers ended the week with a total of five deep-sea scrap cargoes, with prices increasing throughout the week, market sources told Fastmarkets on Friday November 5.A steel mill in the Izmir region booked a Baltic Sea cargo consisting of 11,000 tonnes of heavy melting scrap 1&2 (80:20) at $500 per tonne and 15,000 tonnes of shredded and 3,000 tonnes of bonus at $520 per tonne cfr l...Read More

Lithium, graphite on the rise; supply concerns boost energy transition materials market prices

November 06, 2021 / Staff reporter

An overview of the energy transition raw materials markets and their price moves in the week to Friday November 5.Susan Zou, Yingchi Yang and...Read More

Base metals prices looking weak, vulnerable - stronger dollar a headwind

November 06, 2021 / Staff reporter

Base metals prices on the London Metal Exchange were mixed on the morning of Friday November 5, but for the most part they were on a back foot and looking vulnerable. At the same time, base metals prices on the Shanghai Futures Exchange were mainly weaker while they tracked the weakness on the LME on Thursday, and because weaker coal prices in China are less likely to cause metal producers to cut...Read More

Chrome metal prices slip again but market uncertainty persists

November 06, 2021 / Staff reporter

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi,...Read More

Lithium, graphite on the rise; supply concerns boost energy transition materials market prices

November 06, 2021 / Staff reporter

An overview of the energy transition raw materials markets and their price moves in the week to Friday November 5.Susan Zou, Yingchi Yang and...Read More

Chrome metal prices slip again but market uncertainty persists

November 06, 2021 / Staff reporter

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi,...Read More

Chrome metal prices slip again but market uncertainty persists

November 06, 2021 / Staff reporter

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies, Dalila Ouerghi,...Read More

UK scrap spot price stable amid tight availability

November 06, 2021 / Staff reporter

The United Kingdom inter-merchant light-iron steel scrap spot price was stable during the week to Friday November 5 on tight availability and steady dockside prices into export markets such as Turkey and the Indian subcontinent.With international scrap markets trading in United States dollars, the sterling/dollar exchange rate has a major effect on the UK's steel exports. Weaker sterling makes UK...Read More

Philippines steel billet import prices remain at steep premium to China

November 06, 2021 / Staff reporter

Buyers in the Philippines have purchased imports of steel billet at largely flat prices despite the crash in the Chinese market this week, sources told Fastmarkets on Friday November 5.The Chinese ferrous futures markets have continued to nosedive this week, further reducing the prices in the country's domestic steel billet spot market. On Friday, key China market participants told Fastmarkets tha...Read More

ArcelorMittal Sestao to suspend steel ops until early 2022 for capacity boost

November 06, 2021 / Staff reporter

ArcelorMittal will suspend production as its Sestao plant in Spain until early 2022 to carry out upgrade works to double capacity, a company representative told Fastmarkets.With the company moving forward scheduled engineering works by a month due to high electricity costs, steel production at Sestao will stop from the end of November until early next year, the spokesperson said."Production...Read More

Some flat steel prices decrease in Turkey; buyers uncertain

November 06, 2021 / Staff reporter

Some flat steel prices decreased in Turkey during the week ended Friday November 5; buyers were hesitant to book large tonnages because of the uncertainty, sources told Fastmarkets.Falling prices in China are behind the price drop; prices from the Commonwealth of Independent States have also decreased recently.Turkish flat steel producers accepted orders for January production during the week...Read More

Philippines steel billet import prices remain at steep premium to China

November 06, 2021 / Staff reporter

Buyers in the Philippines have purchased imports of steel billet at largely flat prices despite the crash in the Chinese market this week, sources told Fastmarkets on Friday November 5.The Chinese ferrous futures markets have continued to nosedive this week, further reducing the prices in the country's domestic steel billet spot market. On Friday, key China market participants told Fastmarkets tha...Read More

CIS billet prices decline in sales amid limited demand, downbeat sentiment

November 06, 2021 / Staff reporter

The Commonwealth of Independent States' (CIS) billet export price declined on Friday November 5 amid limited buying interest; most producers continued to hold back from trading.Trading activity remained limited in the Black Sea basin this week amid bearish sentiment.Softening scrap and long steel prices in Turkey, one of the key buyers of CIS billet, has made buyers cautious."The steel market is s...Read More

Coated coil prices in Turkey fall, buyers expect further decreases

November 06, 2021 / Staff reporter

Coated steel coil prices decreased in Turkey during the week ended Friday November 5, while some buyers expect further price falls, sources told Fastmarkets.Buyers expect more price decreases because of recent price falls for hot-rolled coil and weak demand, sources said.Fastmarkets' weekly price assessment for steel hot-rolled coil, domestic, exw Turkey was $910-930 per tonne on November 5, narro...Read More

Some flat steel prices decrease in Turkey; buyers uncertain

November 06, 2021 / Staff reporter

Some flat steel prices decreased in Turkey during the week ended Friday November 5; buyers were hesitant to book large tonnages because of the uncertainty, sources told Fastmarkets.Falling prices in China are behind the price drop; prices from the Commonwealth of Independent States have also decreased recently.Turkish flat steel producers accepted orders for January production during the week...Read More

Polish rebar inches down on slower trading

November 06, 2021 / Staff reporter

Prices for steel rebar in Poland inched lower during the week to Friday November 5 amid slower activity, with market participants expecting either a rollover or a slight increase in prices for November, Fastmarkets heard.Trading activity in the Polish rebar market slowed this week because local stockholders and distributors had previously replenished their stocks and were not chasing for material....Read More

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