Domestic rebar prices in eastern China continued to trend downward on Thursday October 17 amid weakening end-user demand.Domestic Eastern China (Shanghai): 3,620-3,640 yuan ($510-513) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,570-3,600 yuan per tonne, unchangedTrading houses in eastern China were actively selling rebar on expectations that supply in the region would increase...Read More

Stainless steel prices in China continued to rise over the past week on higher production costs due to elevated nickel prices.Prices for the alloying metal had remained at relatively high levels following the recent move by Indonesia to bring forward its ban on nickel ore exports to 2020 from 2022."Stainless steel prices have maintained an uptrend despite the recent dip in nickel prices because mi...Read More

Base metals on the Shanghai Futures Exchange gave a largely subdued performance during the morning trading session on Thursday October 17, amid persistent macroeconomic uncertainty that continues to weigh on the complex.A general sense of uncertainty and bearishness in global markets is keeping investors cautious this morning, with the SHFE base metals exhibiting mixed movements as a result.Factor...Read More

British ferro-alloys producer FE Mottram, the biggest producer of ferro-titanium in Europe, has restarted production after a fire damaged its plant in April, according to an industry source. The company had intended to restart production in the third quarter of this year. FE Mottram, which is owned by Belgium-based ferro-alloys and metals trader Metraco, stopped production at its plant in She...Read More

Key data from the Wednesday October 16 pricing session in Shanghai. Key drivers The price for cobalt metal in China's domestic market edged down this week amid caution from spot buyers following a slump in local futures prices. But persistent tightness for certain domestic brands of the blue metal limited the price decline. In battery raw materials,...Read More

Here are five Fastmarkets MB stories you might have missed on Wednesday October 16 that are worth another look.Slab shipments to foreign subsidiaries and affiliates of Russia's largest steelmaker, Novolipetsk Steel (NLMK), fell by 43% year on year in the third quarter of 2019.A strike kicked off on October 16 at Antofagasta's Antucoya copper project after workers could not reach an agreement...Read More

An overview of the noble alloys markets and their latest price moves. Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday October 16.Key drivers The ferro-titanium market has stabilized losses this week amid a pick-up in traded tonnages, both on a prompt and longer term basis, with sectors such as cored wire and chemicals showing firmer demand than other steel production areas. The spot ferro-titanium price was unchanged at $4.40-4.60 per kg delivered...Read More

China's ferro-silicon market has been stable since participants returned from a week-long national holiday in the country on October 1-7, with prices hemmed between tighter supply amid production cuts and weaker demand.In Europe, prices increased for the first time since the start of August amid supply worries after a recent announcement of cuts to domestic production combined with low trader stoc...Read More

The US ferrous scrap export market was quiet in the week to Wednesday October 16; prices were stable on both coasts, but sellers expect their local docks to increase prices in line with Turkish bulk prices, which inched upward in the latest transactions.No cargoes were sold from the United States in the past seven days, which left Fastmarkets' steel scrap HMS 1&2 (80:20), export index, fob New Yor...Read More

The European non-ferrous scrap market is oversupplied and sellers at this week's Bureau of International Recycling (BIR) conference in Hungary were eagerly approaching buyers in the hope of offloading materials by the end of this year.In a hotel lobby crowded with scrap market participants, a typical pick-up line one would hear at the conference, held October 13-15 in Budapest, was: "Are you buyin...Read More

Global copper supply faces an immediate squeeze but any move in the price looks unlikely.Around 8% of mine supply of copper is at risk of disruption now or in the near future due to strikes, blockades and power shortages in production centers in the United States, Chile, Peru and Zambia.But at $5,700 per tonne, the three-month copper price on the London Metal Exchange is near two-year lows and dow...Read More

In this video I was looking on craigslist for my stolen dirt bike and I found a listing that looked a lot like my bike that was stolen last week... so I call the guy and take a look at the bike, turns out he's crazy and try to lock me in his shed...Read More

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