Base Metal Stock Articles

IN CASE YOU MISSED IT: 5 key stories from September 22

September 23, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday September 22 that are worth another look.A group including Anglo American, BHP, Rio Tinto and Trafigura has called on governments to work together with the private sector to deliver the policies and investments needed...Read More

US wire rod prices hit new highs in Sept

September 23, 2021 / Staff reporter

Low-carbon wire rod prices in the United States rose by $30 per short ton ($2.50 per cwt) in September, to fresh record highs for both domestic and import product.Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US was $57.50-60.50 per hundredweight ($1,150-1,210 per ton) on Tuesday September 21, up by 2.61% from $56-59 per cwt on August 1...Read More

BASE METAL WARRANTS 22/09

September 23, 2021 / Staff reporter

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 22.Please click...Read More

EUROPE CRC: Prices down on weaker automotive demand

September 23, 2021 / Staff reporter

Domestic prices for cold-rolled coil in Europe moved down in the week to Wednesday September 22, due to reduced demand from the car industry, sources have told Fastmarkets.Car manufacturers in the EU were likely to consume fewer flat steel products than previously expected because of the global shortage of semiconductor chips for vehicles' onboard electronics.As a result, some volumes that origina...Read More

IRON ORE DAILY: Seaborne prices rebound amid strong post-holiday push on front-month swaps and futures

September 23, 2021 / Staff reporter

Seaborne iron ore prices rose sharply on Wednesday September 22 amid firmer prices traded on front-month swaps and on Chinese futures, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $108.70 per tonne, up $15.67 per tonne62% Fe low-alumina fines, cfr Qingdao: $110.65 per tonne, up $16.69 per tonne58% Fe fines high-grade premium, cfr Qingdao: $76.25 per tonne, up $11.38 per tonn...Read More

EUROPE BEAMS: Mills concede lower prices, buyers hold back

September 23, 2021 / Staff reporter

The price of steel H-beams in Europe moved down in the week to Wednesday September 22 after mills conceded a softening in prices following weeks of stability, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?1,030-1,050 ($1,208-1,232)per tonne on Wednesday September 22, down from ?,?1,050-1,080 per tonne from one week previou...Read More

EUROPE SECTIONS: Prices soften on lower feedstock costs, upcoming imports

September 23, 2021 / Staff reporter

The price of steel hollow sections in Europe softened in the week to Wednesday September 22, with feedstock costs continuing to fall ahead of the renewal of European import quotas, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic, delivered Northern Europe, was ?,?1,350-1,400 ($1,583-1,642) per tonne on Wednesday September 22, down from ?,?1,400-1,430 per...Read More

CIS STEEL BILLET: Mood switches to positive as China returns from holiday to price upticks

September 23, 2021 / Staff reporter

CIS billet exporters saw some signs of support from China as the country's long-steel market opened stronger after the Mid-Autumn Festival ended on September 21.China's domestic rebar prices moved up sharply on Wednesday September 22 on market participants' expectations of supply cuts in the remaining months of 2021.Fastmarkets' daily price assessment for steel reinforcing bar (rebar) domesti...Read More

Iranian export billet prices strengthen on demand in Asia

September 23, 2021 / Staff reporter

Export prices for steel billet from Iran continued to strengthen in the week to Wednesday September 22, supported by demand in the Asian market.One of the country's major exporters of semi-finished steel products, Khouzestan Steel, sold a cargo of billet on Wednesday, scheduled for shipment in November, at $635 per tonne fob southern ports of Iran.Several market sources reported another billet sal...Read More

ASIA STEEL SCRAP DIGEST: Expectations of tighter output curbs pressure China prices

September 23, 2021 / Staff reporter

Increasing expectations of tighter production curbs in China have put pressure on scrap demand from steel mills in the country, weighing down imported scrap prices, sources told Fastmarkets on Wednesday September 22. Sentiment in China sours because buyers expect tighter production curbsTaiwanese buyers keep bids stableShredded import prices rangebound in IndiaChinaBids for import cargoes of steel...Read More

ENERGY TRANSITION: Shipping supply chain calls for governments to help sector decarbonize

September 23, 2021 / Staff reporter

A group including Anglo American, BHP, Rio Tinto and Trafigura has called on governments to work together with the private sector to deliver the policies and investments needed to decarbonize the shipping industry.The call to action was signed by more than 150 industry leaders and organizations representing the entire maritime value chain, including shipping, cargo, energy, finance, ports and infr...Read More

LIVE FUTURES 22/09: Copper up 3.5%, back above key psychological level; tin up 3.4%

September 23, 2021 / Staff reporter

Copper's three-month price was steadily above $9,000 per tonne, and tin was up by 3.4% with most prices on the London Metal Exchange rebounding above their psychological levels amid dip-buying and a softer dollar on the afternoon of Wednesday September 22. Copper's closing price on Wednesday was at $9,286 per tonne, a 3.5% increase on Tuesday's price. The red metal had touched $8,810 per tonne on...Read More

IN CASE YOU MISSED IT: 5 key stories from September 22

September 23, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday September 22 that are worth another look.A group including Anglo American, BHP, Rio Tinto and Trafigura has called on governments to work together with the private sector to deliver the policies and investments needed...Read More

ASIA STEEL SCRAP DIGEST: Expectations of tighter output curbs pressure China prices

September 23, 2021 / Staff reporter

Increasing expectations of tighter production curbs in China have put pressure on scrap demand from steel mills in the country, weighing down imported scrap prices, sources told Fastmarkets on Wednesday September 22. Sentiment in China sours because buyers expect tighter production curbsTaiwanese buyers keep bids stableShredded import prices rangebound in IndiaChinaBids for import cargoes of steel...Read More

EUROPE HRC: Domestic prices continue slide on stalled auto sector

September 23, 2021 / Staff reporter

Domestic prices for hot-rolled coil continued to decline across Europe on Wednesday September 22, mainly due to weak demand from the automotive sector and spot buyers holding sufficient stocks, sources told Fastmarkets.The reduced consumption by car manufacturers was a result of the global shortage of semiconductor chips for onboard electronics, with some volumes of flat steel being redirected to...Read More

EUROPE SECTIONS: Prices soften on lower feedstock costs, upcoming imports

September 23, 2021 / Staff reporter

The price of steel hollow sections in Europe softened in the week to Wednesday September 22, with feedstock costs continuing to fall ahead of the renewal of European import quotas, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic, delivered Northern Europe, was ?,?1,350-1,400 ($1,583-1,642) per tonne on Wednesday September 22, down from ?,?1,400-1,430 per...Read More

CONSUMER ELECTRONICS MARKET REPORT 22/09: Lithium carbonate prices continue to surge on tight supply

September 23, 2021 / Staff reporter

An overview of the consumer electronics markets and their latest price moves in the week to Wednesday September 22.Janie Davies and Cristina...Read More

MORNING VIEW: Base metals firmer on LME; dip buying activity evident again

September 23, 2021 / Staff reporter

Base metals prices on the LME were mainly rebounding on Wednesday September 22, after dip buyers took advantage of Tuesday's price weakness, while metals in Shanghai were mixed but mainly down in response to the downturn in London this week.Risk-off sentiment eased slightly as Chinese property giant Evergrande said it would pay some of the interest on its bonds, due Thursday, but the market is als...Read More

IN CASE YOU MISSED IT: 5 key stories from September 22

September 23, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday September 22 that are worth another look.A group including Anglo American, BHP, Rio Tinto and Trafigura has called on governments to work together with the private sector to deliver the policies and investments needed...Read More

IN CASE YOU MISSED IT: 5 key stories from September 22

September 23, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Wednesday September 22 that are worth another look.A group including Anglo American, BHP, Rio Tinto and Trafigura has called on governments to work together with the private sector to deliver the policies and investments needed...Read More

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