Base Metal Stock Articles

MANGANESE SNAPSHOT: Tightening availability pushes up seaborne, portside ore prices

October 16, 2021 / Staff reporter

Key data from Fastmarkets' pricing sessions in India, Europe, China and the United States on Friday October 15.China ?EUR?Silico-manganese prices continued to rally in portside ore markets while an improved demand outlook buoyed the seaborne manganese ore markets. ?EUR?Some South African miners raised their offer prices for November-shipment manganese ore, which was accepted by Chinese buyers fo...Read More

SPECIALTY STEEL RAW MATERIALS 15/10: Buyers accept higher ferro-molybdenum offer prices

October 16, 2021 / Staff reporter

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

Nippon Steel sues Baosteel, Toyota for electric steel patent infringement

October 16, 2021 / Staff reporter

Japanese steelmaker Nippon Steel is suing compatriot automaker Toyota and Chinese mill Baosteel on claims that the two had infringed on its patent for non-oriented electrical steel sheet. In its suit filed at the Tokyo district court on Thursday October 14, Nippon Steel is also seeking an injunction to prohibit Toyota from manufacturing and selling motor-driven vehicles equipped with motors using...Read More

South American flat steel import prices mostly down after Brazil, Russia reduce offers

October 16, 2021 / Staff reporter

Most prices for flat-rolled steel products imported into South America were down during the week ended Friday October 15, with Brazilian mills lowering their offers, Russian sellers pressuring the market downward and Chinese material still scarce in the region.While some offers from China emerged at higher levels, following a week-long holiday in the Asian country, reduced export availability to S...Read More

US PIG IRON: Prices up on positive global market mood

October 16, 2021 / Staff reporter

Prices in the United States' pig iron import market went up during the week to Friday October 15 amid an improved global market mood, sources told Fastmarkets. Fastmarkets' assessment of the price for pig iron, import, cfr Gulf of Mexico, US was $545-550 per tonne on Friday, up from $540 per tonne a week earlier.Offers of Russia-origin...Read More

FOCUS: High price of coking coal pressures CIS steelmakers, particularly in Ukraine

October 16, 2021 / Staff reporter

Record-high coking coal prices have been pressuring steelmakers in the Commonwealth of Independent States (CIS), mainly in Ukraine, because of a dependence on imports, sources told Fastmarkets.Global coking coal prices have been trending upward since October 2020, when the Chinese government imposed a ban on Australian materials.Fastmarkets' index for premium hard coking coal, cfr Jingtang -...Read More

SPECIALTY STEEL RAW MATERIALS 15/10: Buyers accept higher ferro-molybdenum offer prices

October 16, 2021 / Staff reporter

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

ENERGY TRANSITION RAW MATERIALS 15/10: International metal cobalt prices move up on firmer tone after LME week

October 16, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves in the week to Friday October 15.Susan Zou, Yingchi Yang and...Read More

COKING COAL DAILY: PCI prices up in cfr, fob market amid supply tightness

October 16, 2021 / Staff reporter

Seaborne coking coal prices stayed largely stable in the cfr China market but decreased in the fob market on Friday October 15, amid weak offers and bids.Prices for seaborne pulverized coal injection (PCI) increased in both the cfr China and fob Australia market in the week to October 15 due to supply tightness in both markets, market sources said on Friday.Fastmarkets indicesPremium hard coking c...Read More

POLAND WIRE ROD: Producers eye November price rise despite slow buying

October 16, 2021 / Staff reporter

Steel wire rod prices in Poland were broadly flat in the week to Friday October 15, while market sources expect producers to increase prices in November due to higher energy costs, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland remained at 3,800-3,900 zloty ($964-989) per tonne on Friday, unchanged from the previous we...Read More

STEEL SCRAP WRAP: Sharp price increases across globe amid stronger demand

October 16, 2021 / Staff reporter

Higher demand in key consumer markets led to a jump in steel scrap prices across all major markets in the week to Friday October 15, sources have told Fastmarkets.?EUR?Turkey import prices spike amid limited supply, firm demand?EUR?Further price increases expected in US export market?EUR?High prices dissuade Vietnam buyers from more deals?EUR?China scrap demand recovers amid less stringent power r...Read More

LIVE FUTURES 15/10: LME copper spreads backwardated until 2024, zinc up 22% from Monday

October 16, 2021 / Staff reporter

The entirety of copper's London Metal Exchange forward curve ended the day in a backwardated state on October 15, with fears of supply tightness taking over metals across the board. Zinc reached its highest prices in over a decade while tin climbed to new all-time highs.  Copper's benchmark cash/three-month spread on LMESelect - the Exchange's electronic platform - touched a $350-per-tonne b...Read More

GLOBAL FERRO-SILICON SNAPSHOT: US market still climbing on elevated overseas prices, tight supplies

October 16, 2021 / Staff reporter

Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday October 15.China?EUR?The ferro silicon price in China narrowed downward following a correction of a previous rally. But market sentiment remained quite positive since Qinghai issued an orderly electricity usage plan. This said that electricity usage can be divided into four levels, each corresponding to a...Read More

SPECIALTY STEEL RAW MATERIALS 15/10: Buyers accept higher ferro-molybdenum offer prices

October 16, 2021 / Staff reporter

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

EUROPEAN SECONDARY ALUMINIUM SNAPSHOT: DIN226 price reaches record high on uncertain supply

October 16, 2021 / Staff reporter

Key data from Fastmarkets' European secondary aluminium pricing session on Friday October 15.Key drivers:Prices for secondary aluminium ingots of DIN226 grade hit a record high on Friday October 15, the highest price reported for the grade since Fastmarkets began pricing it in 2002, and a 7.6% increase from the previous week.Record high prices for scrap, silicon and magnesium contributed to the up...Read More

CHINA REBAR: Eastern prices stop rising on destocking need

October 16, 2021 / Staff reporter

Eastern China rebar prices lost upward momentum on Friday October 15 due to sellers' need to reduce inventories.DomesticEastern China (Shanghai): 5,770-5,800 yuan ($896-901) per tonne, unchangedNorthern China (Beijing) weekly assessment: 5,600-5,650 yuan per tonne, down by 200 yuan per tonneSellers expect prices will have little chance to rise in the remaining days of October, so...Read More

EUROPE STAINLESS STEEL: Higher prices expected on energy costs despite slow demand

October 16, 2021 / Staff reporter

The price of stainless steel in Europe was stable this week but mills were expected to try to push through increases because of higher energy costs, despite the fact that demand has slowed in recent weeks, Fastmarkets heard on Friday October 15.An Italian mill was said to be hoping to implement a ?,?20 ($23) per tonne energy surcharge in order to recoup some of its expenditure on rising energy cos...Read More

ENERGY TRANSITION RAW MATERIALS 15/10: International metal cobalt prices move up on firmer tone after LME week

October 16, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves in the week to Friday October 15.Susan Zou, Yingchi Yang and...Read More

DAILY STEEL SCRAP: Turkish steelmakers book 10 deep-sea cargoes in past week at rising prices

October 16, 2021 / Staff reporter

Turkish steel mills booked at another five cargoes on Friday to bring the total for the week to 10, market participants told Fastmarkets on October 15.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 21,000 tonnes of HMS 1&2 (80:20) at $487 per tonne and 4,000 tonnes of shredded at $507 per tonne cfr. The cargo was scheduled to be shipped on December 15.A steel mill in the...Read More

Brazilian slab export prices down, but market said at bottom

October 16, 2021 / Staff reporter

Slab export prices from Brazil declined in the week to Friday October 15, with offers and bids consolidating at lower levels, but market participants expected prices to have reached a bottom with no further room to drop.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil was at $740-760 per tonne on Friday, down by $20 from $760-780 per tonne on October 8.Demand remain...Read More

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