Base Metal Stock Articles

Polish rebar market largely flat despite mills' attempts to raise price

November 20, 2021 / Staff reporter

Slow demand and cheaper imports have quashed attempts by steel rebar producers in Poland to boost prices, sources told Fastmarkets on Friday November 19.Trading activity in the Polish rebar market has been slow this week, those sources said - because local distributors and stockholders have enough material in stock, they have not been looking to make bookings.As well, end-user demand from the cons...Read More

European HRC prices stable as spot buyers wait for contract settlements

November 20, 2021 / Staff reporter

Domestic hot-rolled coil prices in Northern Europe and Italy were stable on Friday November 19 due to slow trading activity, sources have told Fastmarkets.Northern European steelmakers continued to give discounts for fourth-quarter-rolling HRC. Coil for prompt shipment became available in the spot market at lower prices because it was originally intended for shipment to automotive sector buyers.De...Read More

Aluminium billet premiums stable globally; eyes on Q1

November 20, 2021 / Staff reporter

Aluminium billet premiums were steady across the globe on Friday November 19, remaining close to all-time highs.EuropeEuropean billet premiums are unchanged this week at record highs but liquidity is low, with most buyers covered until the end of the year.Fastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $1,450-1,500 per tonne on November 19, unch...Read More

Specialty steel market sees chrome price rise again as sellers increase offers

November 20, 2021 / Staff reporter

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

Magnesium prices jump in China on strong domestic demand

November 20, 2021 / Staff reporter

An overview of the aerospace materials markets and the latest price moves.Jessica Long, Zihao Li and...Read More

Vanadium prices up in latest deals, European manganese flake prices down as supply improves

November 20, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves in the week to Friday November 19.Susan Zou, Yingchi Yang and...Read More

Brazilian apparent steel consumption falls 5.95% in October on lower local sales

November 20, 2021 / Staff reporter

Brazilian apparent steel consumption fell by 5.95% in October, from the same month in 2020, largely influenced by lower domestic shipments of flat steel from mills, according to data published by the steelmakers' association, Instituto A??o Brasil, on Friday November 19.Apparent consumption totaled 1.96 million tonnes during the month, down from 2.09 million tonnes a year before, A??o Brasil said....Read More

China drawing up new standards for lithium-ion batteries, pushes recycling

November 20, 2021 / Staff reporter

China's Ministry of Industry & Information Technology (MIIT) is conducting a public consultation on its proposed standards of the lithium-ion battery industry. The proposed standards - released on Thursday November 18 - detail the requirements for battery energy density and specific capacity.In the proposal, the energy density for consumer electronics batteries need to stay above 260 watt hour (Wh...Read More

Chinese manganese alloy, portside ore prices continue to soften

November 20, 2021 / Staff reporter

Key data from Fastmarkets' pricing sessions in China, India, Europe and the United States on Friday November 19.China The spot silico-manganese and ferro-manganese markets continued to fall this week, following the sluggish futures and downstream steel markets. Alloy producers have been considering production cuts to avoid financial losses under high electricity rates and falling alloy prices.&nbs...Read More

Flat steel import prices fall again in South America

November 20, 2021 / Staff reporter

Weaker demand combined with lower offers from all origins, spearheaded by recent Chinese price falls, put further downward pressure on South American flat-rolled steel import prices in the week ended Friday November 19.Despite offers from China continuing to drop - in what was widely considered by market participants to be short-selling from traders - buyers remained hesitant about booking new car...Read More

Specialty steel market sees chrome price rise again as sellers increase offers

November 20, 2021 / Staff reporter

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

Price dips tempt buyers back to steel scrap export markets

November 20, 2021 / Staff reporter

Importers of ferrous scrap were lured back to market in the week ended Friday November 19 by lower prices, which were precipitated by a period of lackluster buying activity.?EUR?Turkish mills' import prices rebounded by the week's end after deals at lower prices?EUR?US sales halted with exporters reluctant to reduce their selling prices?EUR?Vietnamese buyers were actively seeking more material aft...Read More

Spot copper TC/RCs edge down; minimal spot activity, focusing on 2022 talks

November 20, 2021 / Staff reporter

Fastmarkets' copper concentrate treatment charge/refining charge (TC/RC) indices edged down slightly in the week to Friday November 19. Spot activity was thin, with the market still focusing on 2022 contract negotiations; no number for benchmark charges has...Read More

Chinese ferro-silicon prices in freefall on weak demand

November 20, 2021 / Staff reporter

Key data from Fastmarkets' pricing sessions in China, Europe and the United States on Friday November 19.China?EUR?Weaker downstream steel demand was the principal driver of the decrease in China's ferro-silicon price. Due to the normal steel purchase off-season, demand for steel was not at a high level. Besides, with the heat supply period beginning in northern China, steel production will be und...Read More

Market weakness prompts fall in steel scrap prices in India, Pakistan

November 20, 2021 / Staff reporter

Prices for shredded steel scrap imported into Pakistan and India moved down after both markets weakened in the seven days to Friday November 19, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $560.18 per tonne on Friday, compared with $564.21 per tonne a week earlier.Deals were heard at $563-565 per tonne this we...Read More

Indian secondary billet prices fall by $20 per tonne on weak demand

November 20, 2021 / Staff reporter

The price of secondary steel billet in the Indian domestic market fell by 1,500 rupees ($20) per tonne over the week ended Friday November 19, with demand for semi-finished materials slowing down in line with a sharp fall in demand and prices for finished steel products.Fastmarkets assessed the price for steel billet, domestic, exw India, at 41,700-41,900 rupees ($562-565) per tonne on November 19...Read More

Vanadium prices up in latest deals, European manganese flake prices down as supply improves

November 20, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves in the week to Friday November 19.Susan Zou, Yingchi Yang and...Read More

Stable prices, surge in flat steel shipments could spark new China export tax, sources say

November 20, 2021 / Staff reporter

The risks that the Chinese government will introduce export duties on steel products will increase if export volumes surge when prices stabilize again after the recent decline, market sources told Fastmarkets over the week to Friday November 19."A sharp rebound in export volumes will draw attention from the central authorities," a Shanghai-based trader said.Fears have emerged that the Chinese gove...Read More

Market weakness prompts fall in steel scrap prices in India, Pakistan

November 20, 2021 / Staff reporter

Prices for shredded steel scrap imported into Pakistan and India moved down after both markets weakened in the seven days to Friday November 19, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $560.18 per tonne on Friday, compared with $564.21 per tonne a week earlier.Deals were heard at $563-565 per tonne this we...Read More

Turkish mills end the working week with five deep-sea scrap cargo deals

November 20, 2021 / Staff reporter

Turkish steel scrap import prices recovered with a fresh European cargo deal heard at the end of the week, market participants told Fastmarkets on Friday November 19.A steel mill in the Marmara region booked a European cargo comprising HMS 1&2 (75:25) at $486 per tonne and bonus at $506 per tonne cfr. The cargo composition was not clear at the time of publication. The previous deep-sea deal was he...Read More

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