Base Metal Stock Articles

CONSUMER ELECTRONICS MARKET REPORT 14/10: Indium prices move up

October 15, 2021 / Staff reporter

An overview of the consumer electronics markets and their latest price moves.Fola Malomo and Janie...Read More

Rio Tinto to test replacing coal with biomass for low-carbon steelmaking

October 15, 2021 / Staff reporter

Rio Tinto will test the use of biomass in place of coking coal in the steelmaking process in a small-scale pilot plant, in an attempt to cut the industry's carbon emissions through the use of innovative technologies, it announced on Thursday October 14.Over the past decade, the company has developed a laboratory-proven process that combines the use of raw, sustainable biomass with microwave techno...Read More

Mexico's Ahmsa to cut gas consumption amid soaring costs

October 15, 2021 / Staff reporter

Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has announced measures intended to reduce its consumption of natural gas after an increase in global prices.The company did not say whether the measure would affect its steel production, but it planned to gradually replace natural gas with gas generated in the steelmaking process.Ahmsa is a major steel producer and ferrous scrap consu...Read More

Iranian billet, slab export prices rise after 'significant' sales; further increases expected

October 15, 2021 / Staff reporter

Iranian exporters sold significant quantities of steel billet and slab via tender in the week to Wednesday October 13, achieving small, but firm price increases on the deals, sources told Fastmarkets.Fastmarkets' price assessment for steel billet, export, fob ports Iran increased to $640.00-642.50 per tonne fob on October 13, up by $2.50-5.00 per tonne from $635-640 per tonne fob a week earlier.On...Read More

EGYPT STEEL BILLET, REBAR: Imported billet prices increase; demand still weak due to new ACI system

October 15, 2021 / Staff reporter

Imported billet prices into Egypt increased in the week to Thursday October 14, but appetite for imports was still weak because of the "Advance Cargo Information" system (ACI), sources told Fastmarkets.The ACI system has been in effect since October 1 for all imports to Egyptian seaports. ACI is a World Customs Organization protocol that provides real-time information on transactions and operation...Read More

ENERGY TRANSITION INTERVIEW: Industry accelerating push for clean energy tech - Nth Cycle CEO

October 15, 2021 / Staff reporter

Regulation has been an important driver for the push toward clean energy technologies but industry has accelerated this mindset, the chief executive officer of Nth Cycle said.According to Megan O'Connor, the past several administrations in the United States have prioritized establishing a domestic supply of critical minerals used to power the energy transition. "Whether rare earths for critical de...Read More

DAILY STEEL SCRAP: Mills book more deep-sea cargoes, prices rise again

October 15, 2021 / Staff reporter

Turkish steel mills are continuing to book deep-sea scrap at higher prices, market participants told Fastmarkets on Thursday October 14.A steel mill in the Iskenderun region booked a US cargo at $486 per tonne cfr on an HMS 1&2 (80:20) basis. However, the cargo composition was not clear at the time of publication.The previous deep-sea transactions, on Wednesday October 13, were concluded at $480 p...Read More

LIVE FUTURES 14/10: Prices up across board, copper closes above $10,000

October 15, 2021 / Staff reporter

Base metals prices on the London Metal Exchange were up at the 5pm close of trading on Thursday October 14 on a weaker US Dollar Index, and continuing power supply issues that were squeezing metal supply."Chinese factory-gate pricing in September may have grown at its fastest pace in 26 years, adding to the 'stagflation' growth threats moving down the line. But in the here and now, power and suppl...Read More

Port of Los Angeles to operate 24/7 to unclog shipping

October 15, 2021 / Staff reporter

The Port of Los Angeles plans to operate around the clock seven days a week to address a growing backlog of shipments waiting in cargo containers anchored offshore to be unloaded at the port.The port announced the move on Wednesday October 13, joining a similar effort that began at the nearby Port of Long Beach in September.The port is figuring out the details of how it will work with supply chain...Read More

ASIA STEEL SCRAP DIGEST: Bangladesh deep-sea import offers soar

October 15, 2021 / Staff reporter

Offer prices for deep-sea cargoes in Bangladesh jumped in the week ended October 14 amid bullish sentiment from United States sellers and good scrap demand in competing Asian import nations, sources told Fastmarkets.Bangladeshi mills hit by strong offer pricesSouth Korean mill issues scrap import tenderTaiwanese containerized prices continue to increaseElectricity rationing sours sentiment in Chin...Read More

IN CASE YOU MISSED IT: 5 key stories from October 14

October 15, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Thursday October 14 that are worth another look.Rio Tinto will test the use of biomass in place of coking coal in the steelmaking process in a small-scale pilot plant, in an attempt to cut the industry's carbon emissions through the use of...Read More

Mexico's Ahmsa to cut gas consumption amid soaring costs

October 15, 2021 / Staff reporter

Mexican integrated steelmaker Altos Hornos de M?(C)xico (Ahmsa) has announced measures intended to reduce its consumption of natural gas after an increase in global prices.The company did not say whether the measure would affect its steel production, but it planned to gradually replace natural gas with gas generated in the steelmaking process.Ahmsa is a major steel producer and ferrous scrap consu...Read More

EAF accident, global price spike fail to dent S Korean steel scrap demand

October 15, 2021 / Staff reporter

Demand for imported steel scrap in South Korea has continued to rise despite the closure of an electric-arc furnace (EAF) in the country and a sharp jump in prices from key supplier markets, sources said on Thursday October 14.An EAF owned by a medium-sized South Korean steelmaker has been closed due to an accident at the plant, Fastmarkets first heard on October 5. Sources told Fastmarkets that...Read More

EU extends anti-dumping duties on imports of wire rod from China

October 15, 2021 / Staff reporter

The European Commission (EC) has extended anti-dumping duties on imports of wire rod from China until 2026, the Official Journal of the European Union said on October 13.The EC concluded that dumping would likely recur if the current measures were allowed to lapse. This followed an expiry review lodged by the European steel association, Eurofer, in July 2020 on behalf of...Read More

EGYPT STEEL BILLET, REBAR: Imported billet prices increase; demand still weak due to new ACI system

October 15, 2021 / Staff reporter

Imported billet prices into Egypt increased in the week to Thursday October 14, but appetite for imports was still weak because of the "Advance Cargo Information" system (ACI), sources told Fastmarkets.The ACI system has been in effect since October 1 for all imports to Egyptian seaports. ACI is a World Customs Organization protocol that provides real-time information on transactions and operation...Read More

ENERGY TRANSITION INTERVIEW: Industry accelerating push for clean energy tech - Nth Cycle CEO

October 15, 2021 / Staff reporter

Regulation has been an important driver for the push toward clean energy technologies but industry has accelerated this mindset, the chief executive officer of Nth Cycle said.According to Megan O'Connor, the past several administrations in the United States have prioritized establishing a domestic supply of critical minerals used to power the energy transition. "Whether rare earths for critical de...Read More

Metals prices have made a strong statement during LME Week

15 October 2021 / Staff reporter

LME base metals prices were little changed early on Friday October 15, but the strong gains seen during this LME Week support our long-held view that we are in a supercycle, with other factors, such as power cuts in China, high energy costs and logistics issues, also having an impact.* LME metals up by an average of 6.6% this week, with zinc up by 14%* Brent crude oil approaching $85 per barrel* E...Read More

Domestic stainless steel demand in China weaken amid power woes

October 15, 2021 / Staff reporter

China's domestic demand for stainless steel has weakened in the past few week due to a widespread electricity shortage across the country, which weighed on prices in the week to Wednesday October 13.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 21,000-21,200 ($3,260-3,291) per tonne, narrowed downward by 200 yuan per tonne from September 29. The power shortage has resulte...Read More

IN CASE YOU MISSED IT: 5 key stories from October 14

October 15, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Thursday October 14 that are worth another look.Rio Tinto will test the use of biomass in place of coking coal in the steelmaking process in a small-scale pilot plant, in an attempt to cut the industry's carbon emissions through the use of...Read More

Some copper scrap discounts fall in US; zinc, silicon price hikes hurt ingot makers

October 15, 2021 / Staff reporter

Discounts for some copper scrap grades fell this week while demand remained robust, whereas some red brass scrap prices softened over the week.The copper scrap market is "in balance," a seller said. A second seller said he is yet to see the impact of Malaysia's scrap import regulation changes in the domestic flow of material."Malaysia has enough material in the ports to last them months," the seco...Read More

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