Base Metal Stock Articles

AT A GLANCE: Thyssenkrupp reports improved Q2 performance, raises full-year outlook

May 12, 2021 / Staff reporter

A summary of German industrial group Thyssenkrupp's results for the second quarter of its current business year 2020-21, covering the period from January 1 to March 31, 2021.In brief Thyssenkrupp's second-quarter results continue to improve after a successful first quarter, with all segments contributing to better earnings. Thyssenkrupp's Steel Europe segment reported significantly improved sales,...Read More

UAE's Senaat offers to combine Emirates Steel with Arkan Building Materials

May 12, 2021 / Staff reporter

The United Arab Emirates' state-owned General Holding Corporation (Senaat) has offered Arkan Building Materials the opportunity to combine Senaat's subsidiary Emirates Steel with Arkan, Arkan Building Materials said on Sunday May 9.Emirates Steel - based in Abu Dhabi, UAE - is the country's only integrated steel producer and is wholly owned by Senaat, with Arkan's 51% of shares belonging to Senaat...Read More

IN CASE YOU MISSED IT: 5 key stories from May 11

May 12, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Tuesday May 11 that are worth another look....Read More

CIS LONG STEEL: Prices rise amid favorable market conditions

May 12, 2021 / Staff reporter

Rebar and wire rod export prices from the Commonwealth of Independent States increased significantly over the past week, supported by favorable market conditions due to strong domestic demand in Russia, higher prices from competitors - particularly Turkey - and increased global scrap costs.RebarUkraine-origin rebar was available to foreign customers at $690 per tonne fob Black Sea at the end of la...Read More

Mexican steel scrap prices mostly stable; market remains strong

May 12, 2021 / Staff reporter

Mexican ferrous scrap prices were largely stable in the week ended Friday May 7, with some sellers heard applying price increases due to strong demand and limited availability of certain grades.Shredded scrap in both Monterrey and Bajio and plate and structural scrap in Bajio were the only prices to increase in Fastmarkets' weekly assessment. While there were reports of price i...Read More

GLOBAL ALUMINIUM WRAP: Premiums well supported; LME volatility hits Rotterdam premium

May 12, 2021 / Staff reporter

Aluminium premiums across the globe were mostly unchanged in the week ending Tuesday May 11 on tight availability.Rotterdam duty-paid premium dips on LME spread volatilityUS Midwest remains at record highMJP premium static.Duty-unpaid premium well supportedFastmarkets' benchmark duty-unpaid Rotterdam aluminium premium remained at its highest since April 2018 in the week to Tuesday May 11.The daily...Read More

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

May 12, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday May 10 that are worth another look.European buyers have purchased substantial volumes of cold-rolled coil from China for the first time in about five years, despite the product being subject to anti-dumping tariffs, sources told Fastmarkets on May 10.Consuming...Read More

Mineral demand from energy sector could increase sixfold by 2040, IEA says

May 12, 2021 / Staff reporter

The global mineral industry will have to rapidly scale up production to meet surging demand from the new energy sector, the International Energy Agency (IEA) has warned.To reach the target of net-zero emissions by 2050, the energy sector will be consuming minerals at six times the current rate by 2040, the IEA forecast in a special report on Wednesday May 5. "Today, the data shows a looming mismat...Read More

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

May 12, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday May 10 that are worth another look.European buyers have purchased substantial volumes of cold-rolled coil from China for the first time in about five years, despite the product being subject to anti-dumping tariffs, sources told Fastmarkets on May 10.Consuming...Read More

CIS LONG STEEL: Prices rise amid favorable market conditions

May 12, 2021 / Staff reporter

Rebar and wire rod export prices from the Commonwealth of Independent States increased significantly over the past week, supported by favorable market conditions due to strong domestic demand in Russia, higher prices from competitors - particularly Turkey - and increased global scrap costs.RebarUkraine-origin rebar was available to foreign customers at $690 per tonne fob Black Sea at the end of la...Read More

GULF STEEL BILLET, REBAR: Prices flat amid holidays; buyers expect rises

May 12, 2021 / Staff reporter

Prices for steel billet and rebar were stable in the United Arab Emirates during the week to Tuesday May 11 because of the start of the Eid Al-Fitr holiday in the country, sources told Fastmarkets.Most buyers, however, expect prices to increase by a minimum of $50 per tonne once holidays are over in the next week, Fastmarkets heard.The reason behind buyers' increased price expectations is high ste...Read More

Egyptian government gives details for new construction permits

May 12, 2021 / Staff reporter

The Egyptian government announced details of its trial period for the reintroduction of construction permits in an official statement published on Sunday May 9, sources have told Fastmarkets.According to the statement, construction permits will be issued in 27 cities for a period of two months, and will then be available in all cities across Egypt from July 1, 2021.Egypt has had a ban on construct...Read More

Pilbara Minerals, Calix explore new lithium refining process

May 12, 2021 / Staff reporter

Pilbara Minerals has signed a memorandum of understanding with Sydney-based technology company Calix Limited to jointly undertake a scoping study to evaluate a new refining process, the Australian lithium miner said on Tuesday May 11. If the results of the scoping study - which will run until late 2021 - are positive, the two companies will set up a joint venture to develop a demonstration plant t...Read More

CIS FLAT STEEL: Further price rises in latest sales on globally strong demand

May 12, 2021 / Staff reporter

The uptrend in the export market for flat-rolled steel products from the Commonwealth of Independent States continued in new sales during the week to Tuesday May 11 amid strong demand globally, sources said.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $1,020-1,055 per tonne on May 11, up from $1,000-1,020 per tonne a week before.A sale of Ukraine-...Read More

RUSSIA FLAT STEEL: Prices rise, with bullish offers backed by strong buying activity, growing exports

May 12, 2021 / Staff reporter

Flat steel prices in Russia's Central Federal District around Moscow moved up on new bullish offers for June material, supported by growing exports and strong local buying activity, sources told Fastmarkets onTuesday May 11.Hot-rolled sheetHot-rolled sheet was on offer from Severstal to traders for June delivery at 104,000 roubles ($1,405) per tonne, sources said, compared with 92,000 roubles per...Read More

DLA offer for 80 tonnes of tin closing May 12

May 12, 2021 / Staff reporter

The United States Defense Logistics Agency (DLA) is offering 80 tonnes of tin, with bidding set to close at noon Eastern Standard Time on Wednesday May 12, the agency said in a posting on its website.After a 13-year hiatus, the agency in March recommenced offering tin from the national security stockpile to a tin-starved market, reflected in record tin prices and premiums.US tin premiums...Read More

LIVE FUTURES REPORT 11/05: Nickel up 1% on LME; most prices rise after Monday dip

May 12, 2021 / Staff reporter

The three-month price of zinc rebounded above the $3,000 per tonne mark on the London Metal Exchange and nickel had the largest percentage gain on Tuesday May 11, while most other base metals metals also finished higher due to some dip-buying after prices fell on Monday.Zinc's benchmark futures contract was up by 0.6% to $3,009 per tonne on Tuesday, following a 0.7% decrease of Monday to $2,991.50...Read More

Pilbara Minerals targets 'mid-stream' lithium salts production

May 12, 2021 / Staff reporter

Pilbara Minerals is targeting "mid-stream" lithium salts production to achieve a greener and better supply chain, Dale Henderson, the Australia-listed lithium miner's chief operating officer, said during an investor meeting on Tuesday May 11. Prior to the meeting on Tuesday, the miner announced that it would work with Sydney-based technology company Calix Limited on a scoping study on a new refini...Read More

WEEKLY BASE METAL PREMIUMS REPORT: 11/05

May 12, 2021 / Staff reporter

A summary of base metal premiums from across the globe for the week to Tuesday May 11.Please click...Read More

CIS STEEL BILLET: Prices surge to 10-year high on China price moves

May 12, 2021 / Staff reporter

Prices for steel billet exports from the Commonwealth of Independent States have jumped to a 10-year high following rises in the Chinese billet and rebar markets over the week to Tuesday May 11.China's domestic rebar prices surged on May 10 and set the new high after the October futures contract on the Shanghai Futures Exchange hit the daily limit within 10 minutes of the start of trading.The pric...Read More

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