Base Metal Stock Articles

IN CASE YOU MISSED IT: 5 key stories from August 10

August 11, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday August 10 that are worth another look.Production activity has come under threat at Belarus Steel Works (BMZ) with workers protesting against the result of the country's presidential election on Sunday August 9.Liberty House Group,...Read More

Cobalt intermediates underpinned on low availability, China momentum

August 11, 2020 / Staff reporter

Cobalt intermediates prices continued to climb up on limited spot availability while demand remained healthy after some smelters opted to restock in light of the strong upswing in cobalt salts' prices, Fastmarkets heard. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China moved higher to 76.5-77.5% against standard-grade cobalt price (low end) on Friday August 7, up 1% from the...Read More

US ferrous scrap market ripe for increase in September

August 11, 2020 / Staff reporter

The domestic ferrous scrap sector in the United States is enjoying renewed strength that is expected to continue through September - and possibly longer - due to a robust export market, constrained supply and improving steel mill run rates that have created a sellers' market."Mills have been out of the market and have burned through inventory and will have to come back for a lot more. The blip of...Read More

DAILY STEEL SCRAP: Mills book more cargoes from US, Baltic Sea for September

August 11, 2020 / Staff reporter

The Turkish steel producers have continued their purchases of deep-sea scrap for September shipments, sources said on Monday August 10.Three steel mills booked cargoes from the Baltic Sea and the United States late on August 7.A steel mill in the Iskenderun region booked a US cargo, comprising 18,000 tonnes of HMS 1&2 (90:10) at $288 per tonne, 3,000 tonnes shredded at $290 per tonne and 6,000 ton...Read More

FERROUS ANALYTICS: China rebar producers see near-zero margins in July

August 11, 2020 / Staff reporter

Fastmarkets is proud to launch its first monthly Ferrous Analytics report, which will help subscribers keep track of hot metal costs and steel production spreads in China, as well as key pricing components of the steelmaking raw materials supply chain in Asia.Readers will find raw material-finished steel spreads, iron ore differentials and scrap differentials all calculated and condensed...Read More

MORNING VIEW: Dip buying boosts copper but other metals more wary - broader markets mixed

August 11, 2020 / Staff reporter

Markets are looking mixed this morning on Monday August 10, while traders weigh up the cross winds blowing through the markets, Fastmarkets learned.United States President Donald Trump's intervention to step in to extend unemployment benefit after Congress failed to come up with a rescue package has provided some support, but his executive orders focused on Chinese tech companies only go further t...Read More

Trade log August 2020: Cobalt sulfate

August 11, 2020 / Staff reporter

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.Fastmarkets prices Click here for Fastmarkets' price assessment for cobalt sulfate, Co 20.5% basis, China ex-works, yuan/tonneThe exchange rate on Friday August 7 at 55,000 yuan to $7,892.Friday August 7New price at 55,00...Read More

Cobalt intermediates underpinned on low availability, China momentum

August 11, 2020 / Staff reporter

Cobalt intermediates prices continued to climb up on limited spot availability while demand remained healthy after some smelters opted to restock in light of the strong upswing in cobalt salts' prices, Fastmarkets heard. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China moved higher to 76.5-77.5% against standard-grade cobalt price (low end) on Friday August 7, up 1% from the...Read More

EUROPE HRC WRAP: Domestic prices stable, sentiment still good

August 11, 2020 / Staff reporter

Domestic prices for steel hot-rolled coil across Europe were fairly stable in the week ended Friday August 7, but the mood in the market was bullish.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?413.46 ($487.19) per tonne on August 7, up by ?,?0.96 per tonne week on week and up by ?,?10.33 per tonne month on month.Friday's index was based on "w...Read More

EUROPE HRC: Mood remains upbeat despite demand slowdown

August 11, 2020 / Staff reporter

Sentiment in the Northern European hot-rolled coil market has remained positive despite slow trading activity, sources told Fastmarkets on Monday August 10.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?414.17 ($488.03) per tonne on Monday, up by ?,?0.71 per tonne from ?,?413.46 per tonne on August 7.Monday's...Read More

FOCUS: Market hopeful China's 'dual circulation' policy will bolster domestic steel demand

August 11, 2020 / Staff reporter

Steel market participants anticipate China's "dual circulation" policy will to boost steel demand for the remainder of 2020, with the more self-reliant economic model aiming to offset slowdowns caused by the Covid-19 pandemic and US-China political tensions. Chinese President Xi Jinping announced in late July that China will focus on a "dual circulation" development model, which ensures a more sel...Read More

IN CASE YOU MISSED IT: 5 key stories from August 10

August 11, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday August 10 that are worth another look.Production activity has come under threat at Belarus Steel Works (BMZ) with workers protesting against the result of the country's presidential election on Sunday August 9.Liberty House Group,...Read More

Steel production at BMZ under threat as workers protest election process

August 11, 2020 / Staff reporter

Production activity has come under threat at Belarus Steel Works (BMZ) with workers protesting against the result of the country's presidential election on Sunday August 9.Workers warned the administration that they would strike on August 10-12 "in the case of an unfair presidential election."According to official preliminary results, incumbent Alexander Lukashenko has won a sixth consecutive term...Read More

RUSSIA REBAR: Strong downstream demand supports price, prompts mills to consider increases

August 11, 2020 / Staff reporter

The price for steel rebar in Russia's Central Federal District around Moscow was unchanged on Monday August 10, while local producers mull an increase in prices for September amid strong buying activity, sources told Fastmarkets. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was 35,000 roubles ($475) per tonne on Monday, including 20% VAT...Read More

US ferrous scrap market ripe for increase in September

August 11, 2020 / Staff reporter

The domestic ferrous scrap sector in the United States is enjoying renewed strength that is expected to continue through September - and possibly longer - due to a robust export market, constrained supply and improving steel mill run rates that have created a sellers' market."Mills have been out of the market and have burned through inventory and will have to come back for a lot more. The blip of...Read More

DAILY STEEL SCRAP: Mills book more cargoes from US, Baltic Sea for September

August 11, 2020 / Staff reporter

The Turkish steel producers have continued their purchases of deep-sea scrap for September shipments, sources said on Monday August 10.Three steel mills booked cargoes from the Baltic Sea and the United States late on August 7.A steel mill in the Iskenderun region booked a US cargo, comprising 18,000 tonnes of HMS 1&2 (90:10) at $288 per tonne, 3,000 tonnes shredded at $290 per tonne and 6,000 ton...Read More

FERROUS ANALYTICS: China rebar producers see near-zero margins in July

August 11, 2020 / Staff reporter

Fastmarkets is proud to launch its first monthly Ferrous Analytics report, which will help subscribers keep track of hot metal costs and steel production spreads in China, as well as key pricing components of the steelmaking raw materials supply chain in Asia.Readers will find raw material-finished steel spreads, iron ore differentials and scrap differentials all calculated and condensed...Read More

CHINA REBAR: Domestic prices drop on destocking need

August 11, 2020 / Staff reporter

China's domestic rebar prices moved down on Monday August 10 due to traders' need to cut inventories' down, Fastmarkets heard.Domestic Eastern China (Shanghai): 3,610-3,640 yuan ($518-522) per tonne, down by 30 yuan per tonneTrading houses cut rebar prices following futures' losses and sought for higher sales volumes to reduce their inventories, market sources said.End users maintained regular pro...Read More

FOCUS: Market hopeful China's 'dual circulation' policy will bolster domestic steel demand

August 11, 2020 / Staff reporter

Steel market participants anticipate China's "dual circulation" policy will to boost steel demand for the remainder of 2020, with the more self-reliant economic model aiming to offset slowdowns caused by the Covid-19 pandemic and US-China political tensions. Chinese President Xi Jinping announced in late July that China will focus on a "dual circulation" development model, which ensures a more sel...Read More

IN CASE YOU MISSED IT: 5 key stories from August 10

August 11, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday August 10 that are worth another look.Production activity has come under threat at Belarus Steel Works (BMZ) with workers protesting against the result of the country's presidential election on Sunday August 9.Liberty House Group,...Read More

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