Base Metal Stock Articles

IN CASE YOU MISSED IT: 5 key stories from October 27

October 28, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...Read More

Rusal Q3 sales fall but VAP sales share grows

October 28, 2021 / Staff reporter

Aluminium producer Rusal's sales dipped by nearly 12% quarter-on-quarter to 915,000 tonnes in July-September 2021, according to its latest statement of operating results."Aluminium sales dynamics can largely be explained by an increase of goods in transit that are recognized as inventory, which was caused - among other factors - by transport capacity restrictions in supply chains globally," the co...Read More

RESEARCH: Ferro-alloy prices forecast to maintain momentum through Q3 2021

October 28, 2021 / Staff reporter

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Bulk and noble alloys both moved largely in line with our price forecasts globally over the past month, though several markets surprised to the upside, exceeding our forecast gains. Stronger-than-forecast pricing momentum was primarily triggered by supply shortages in numerous...Read More

IN CASE YOU MISSED IT: 5 key stories from October 27

October 28, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...Read More

IN CASE YOU MISSED IT: 5 key stories from October 27

October 28, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...Read More

EUROPE HRC: Trading activity slow; mills to increase offers

October 28, 2021 / Staff reporter

Trading activity in the European hot-rolled coil market was slow on Wednesday October 27, but mills are likely to seek price rise due to increasing production costs, sources told Fastmarkets. Buyers and sellers have been holding back from trading until a trend becomes clear, they added. Demand, however, has started to gradually improve due to distributors re-stocking for the first quarter of next...Read More

EUROPE SECTIONS: Market looks for recovery after hitting bottom

October 28, 2021 / Staff reporter

The price of steel hollow sections in Europe was unchanged on Wednesday October 27, with the market looking to recoup recent losses, sources have told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?1,230-1,275 ($1,427-1,479) per tonne on Wednesday, unchanged week on week.Market sources believed that hollow sections prices had reac...Read More

ASIA STEEL SCRAP DIGEST: South Korea continues to buy Japanese cargoes

October 28, 2021 / Staff reporter

Steel scrap buyers in South Korea have continued to chase bulk bookings from Japan in recent days at increasingly high prices, market sources told Fastmarkets on Wednesday October 27.?EUR?South Korea books more scrap?EUR?Tokyo Steel Utsunomiya raises buy price again?EUR?China prices continue downtrend amid bearish sentiment in finished steel markets?EUR?Taiwan prices retreat on weakening sentiment...Read More

IN CASE YOU MISSED IT: 5 key stories from October 27

October 28, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...Read More

AT A GLANCE: SCC Q3 copper output down on falling grades, lower recovery rates

October 28, 2021 / Staff reporter

A summary of production results and earnings figures for Southern Copper Corp (SCC) in the third quarter of 2021, as stated in the company's latest quarterly report released on Tuesday October 26.In brief Lower copper grades and recovery rates at open-pit mines offset a significant 10% output increase reported at SCC's Cuajone mine in the Peruvian Andes region, resulting in an overall slight produ...Read More

RUSSIA FLAT STEEL: Prices rise again on active buying, imminent end of export duty

October 28, 2021 / Staff reporter

Active buying interest, limited offers from mills and export sales activity - because of the imminent expiry of a temporary export duty - pushed flat steel prices in the Russia's Central Federal District around Moscow up again in the week to Monday October 25, sources have told Fastmarkets.But the upward price trend may not be sustainable because of the usual low season during winter, some market...Read More

CONSUMER ELECTRONICS RAW MATERIALS 27/10: Battery-grade lithium prices in Europe, US keep climbing

October 28, 2021 / Staff reporter

An overview of the consumer electronics markets and their latest price moves.Janie Davies in London;...Read More

BASE METAL WARRANTS 27/10

October 28, 2021 / Staff reporter

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 27.Please click...Read More

COMMENT: Plunging iron ore prices, Evergrande and the global steel supply chain

October 28, 2021 / Staff reporter

The collapse of the iron ore market and market turbulence over Chinese property developer Evergrande Group are adding to the economic woes caused by the Delta variant of Covid-19 for much of this year.It is hard to find bright sparks in the months ahead for the ferrous supply chain, which has been buffeted repeatedly in a short span of few months, starting with Chinese Premier Li Keqiang's comment...Read More

LIVE FUTURES 27/10: All base metals prices down on LME; aluminium, tin fall 5%

October 28, 2021 / Staff reporter

Base metals prices on the London Metal Exchange were down across the board at the 5pm close of trading on Wednesday October 27, following a further drop in coal prices and widespread selling."Today's news that [China's] National Development & Reform Commission has set the price of thermal and coking coal at levels [that will reduce] key input prices for energy-intensive metals - pertinent to alumi...Read More

DAILY STEEL SCRAP: Mills quiet ahead of national holiday

October 28, 2021 / Staff reporter

Turkish steel mills were quiet in the deep-sea scrap markets ahead of an upcoming Republic Day holiday on Thursday and Friday, sources told Fastmarkets on Wednesday October 27.The most recent cargo was recorded on Tuesday, when a steel mill in the Marmara region booked a cargo from the United States, consisting of 20,000 tonnes of HMS 1&2 (90:10) and 10,000 tonnes of shredded at an average price o...Read More

IN CASE YOU MISSED IT: 5 key stories from October 27

October 28, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday October 27 that are worth another look.Long and flat-rolled steel producer Gerdau expects demand to continue to grow in 2022, after a rapid recovery of the local market this year from the lows of 2020 that were caused by the Covid-19 pandemic, the...Read More

Chinese aluminium premiums down off 6-year high on subdued demand, closed arb

October 28, 2021 / Staff reporter

Prices for aluminium P1020A cargoes offered into China have come down from multi-year highs because of a marked decline in demand, an uncertain near-term outlook and the closure of the London-Shanghai arbitrage window, Fastmarkets heard on Wednesday October 27.Fastmarkets' latest monthly assessment of the aluminium P1020A premium, cif Shanghai, was $130-140 per tonne on Tuesday, down from a six-ye...Read More

IRON ORE DAILY: Prices down amid weak buying, poor outlook

October 28, 2021 / Staff reporter

Seaborne iron ore prices inched downward on Wednesday October 27 because most market participants were cautious about procurement amid the generally weak demand outlooks for the rest of 2021, market sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $119.86 per tonne, down by $2.44 per tonne62% Fe low-alumina fines, cfr Qingdao: $122.15 per tonne, down by $1.96 per tonne58% Fe fin...Read More

HOTTER ON METALS: Triland move from ring a blow to LME

October 28, 2021 / Staff reporter

If any member was going to leave the London Metal Exchange ring trading floor, the exchange was probably hoping it wouldn't be Triland Metals Ltd.The company, a wholly owned subsidiary of Japanese conglomerate Mitsubishi, is one of the exchange's longest serving Category 1 members, having joined in 1972 after being founded in the prior year. Having a unit of Japan's largest trading company as a ri...Read More

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