Base Metal Stock Articles

TURKEY DOMESTIC STEEL SCRAP: Mills raise domestic buying prices on costlier imports

November 24, 2020 / Staff reporter

Turkish domestic scrap prices have continued to increase over the past week in line with the rise in imported scrap values, sources said on Monday November 23.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 2,250-2,545 lira ($293-332) per tonne on Monday, up from the 2,230-2,455 lira per tonne of last week.The movement came after steel mills...Read More

DAILY STEEL SCRAP: Turkish producers book more scrap at higher prices

November 24, 2020 / Staff reporter

Turkish steel mills continued to book deep-sea scrap cargoes at the beginning week at slightly higher prices, sources said on Monday November 23.A steel mill in the Marmara region booked a European cargo, comprising 25,000 tonnes of HMS 1&2 (75:25) 10,000 tonnes of shredded and 5,000 tonnes of bonus, at an average price of $332.50 per tonne cfr.This fresh transaction, led to another slight...Read More

CIS STEEL BILLET: Mills raise offer prices again

November 24, 2020 / Staff reporter

Steel billet producers in the Commonwealth of Independent States (CIS) were looking for higher prices again on Monday November 23, citing a surge in scrap costs and a strong international long steel market.But trading was quiet because buyers were not able to keep up with the rocketing offer prices, Fastmarkets heard.Offers for steel billet from Russian and Ukrainian mills were heard within the ra...Read More

Europe FeSi market set for further price rises, sources say

November 24, 2020 / Staff reporter

The European ferro-silicon market has risen over the past week to a range not seen for more than six months, sources told Fastmarkets on Monday November 23.And with tight domestic availability and no likelihood of any significant volume of imported material for some time to come, there was expectation in the market of further price increases in the coming weeks.Underscoring market sentiment for an...Read More

China portside manganese ore prices down after buying recedes

November 24, 2020 / Staff reporter

Portside prices of both low and high-grade manganese ore in China ticked down in the week ended Friday November 20, after many domestic alloy smelters retreated from the market following a wave of restocking that had contributed to price gains in the prior two weeks.Fastmarkets' manganese ore port index, base 37% Mn, range 35-39%, fot Tianjin, China was 30.60 yuan ($4.66) per dmtu on November 20,...Read More

Portside losses, high inventory add more pressure on seaborne manganese ore

November 24, 2020 / Staff reporter

Seaborne prices of both low and high-grade manganese ore in China registered further falls in the week to November 20 after falling portside ore prices and continuously rising port inventories continued to weigh on overall market sentiment, sources said.Fastmarkets' manganese ore index 37% Mn, cif Tianjin fell by 13 cents, or 3.4%, week on week to $3.70 per dry metric tonne unit (dmtu) on Friday N...Read More

IN CASE YOU MISSED IT: 5 key stories from November 23

November 24, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday November 23 that are worth another look.European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van...Read More

Eurofer requests extension of EU safeguard measures, trade lawyer says

November 24, 2020 / Staff reporter

European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van Bael & Bellis, said during a Steel Trade Day webinar on November 20. Eurofer filed a complaint on November 3, 2020, according to Rudyuk. The EC opened an investigation in late Marc...Read More

IN CASE YOU MISSED IT: 5 key stories from November 23

November 24, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday November 23 that are worth another look.European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van...Read More

LIVE FUTURES REPORT 23/11: Base metals prices correct after last week's rises

November 24, 2020 / Staff reporter

The London Metal Exchange base metals complex had a small collective dip at the close of trading on Monday November 23, correcting after most base metals had gone to multi-year or year-to-date highs in the preceding week.Sentiment was cautious at the end of Friday with the three-month prices of metals such as copper, lead and nickel rallying and up by about 2%, but with market participants worried...Read More

EUROPE HRC WRAP: Domestic prices keep rising on material shortage

November 24, 2020 / Staff reporter

Domestic prices for steel hot-rolled coil increased again across Europe in the week to Friday November 20, due to tight supply from both domestic and overseas suppliers.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?541.25 ($641.66) per tonne on Friday, up by ?,?16.15 per tonne week on week and by ?,?44.75 per tonne month on month.Friday's index...Read More

Eurofer requests extension of EU safeguard measures, trade lawyer says

November 24, 2020 / Staff reporter

European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van Bael & Bellis, said during a Steel Trade Day webinar on November 20. Eurofer filed a complaint on November 3, 2020, according to Rudyuk. The EC opened an investigation in late Marc...Read More

IN CASE YOU MISSED IT: 5 key stories from November 23

November 24, 2020 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday November 23 that are worth another look.European steel association Eurofer has filed a request to the European Commission to extend safeguard measures beyond their original expiration date of June 30, 2021, Yuriy Rudyuk, partner at Brussels-based law firm Van...Read More

FOCUS: Surging freight rates encourage demand shift in graphite market, sources say

November 24, 2020 / Staff reporter

Graphite consumers outside Asia, especially those in Europe and the United States, could diversify their supplier base because of skyrocketing costs for freight from China and the strength of the East Asian country's yuan, although it will remain a major exporter of graphite, according to market sources.China accounted for over 60% of the world's total output of flake graphite during 2019 and is a...Read More

LIVE FUTURES REPORT 23/11: Base metals prices correct after last week's rises

November 24, 2020 / Staff reporter

The London Metal Exchange base metals complex had a small collective dip at the close of trading on Monday November 23, correcting after most base metals had gone to multi-year or year-to-date highs in the preceding week.Sentiment was cautious at the end of Friday with the three-month prices of metals such as copper, lead and nickel rallying and up by about 2%, but with market participants worried...Read More

Lundin targets partial Candelaria ops restart after main striking union agrees to offer

November 24, 2020 / Staff reporter

Copper production could resume at Lundin's Candelaria copper mine in Chile after the company agreed a new collective bargaining agreement with a portion of striking workers there, Fastmarkets understands.Lundin reached a deal with around 550 workers from the AOS Union who had been striking over payment while workers...Read More

COKING COAL DAILY: Fob hard coking coal seaborne prices dip amid talk of China buyers becoming sellers

November 24, 2020 / Staff reporter

Seaborne hard coking coal fob Australia prices have eased on Monday November 23 amid talk in the market of Chinese buyers possibly re-selling cargoes that have been floating on water, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $99.22 per tonne, up $0.82 per tonnePremium hard coking coal, cfr Jingtang: $160.27 per tonne, unchangedHard coking coal, fob DBCT: $90.53 per tonne...Read More

CIS STEEL BILLET: Mills raise offer prices again

November 24, 2020 / Staff reporter

Steel billet producers in the Commonwealth of Independent States (CIS) were looking for higher prices again on Monday November 23, citing a surge in scrap costs and a strong international long steel market.But trading was quiet because buyers were not able to keep up with the rocketing offer prices, Fastmarkets heard.Offers for steel billet from Russian and Ukrainian mills were heard within the ra...Read More

Trafigura enters artisanal cobalt offtake with DRC government body

November 24, 2020 / Staff reporter

Commodities trader Trafigura and local government body Entreprise G?(C)n?(C)rale du Cobalt (EGC) have penned an offtake agreement specifically for the supply of artisanal cobalt in a deal designed to concurrently formalize the sector. This could make artisanally mined cobalt in the Democratic Republic of Congo (DRC) a more attractive prospect to multinational companies that demand greater supply c...Read More

Lundin Mining signs key labor deal at Chile's Candelaria copper mine; talks with other unions continue

November 24, 2020 / Staff reporter

Lundin Mining has agreed a 30-month collective labor agreement with around 550 workers at its Candelaria copper unit in northern Chile, partially ending a month-long walkout at the site.On Friday November 20, the Canada-headquartered miner said the Candelaria AOS Union in Chile had accepted the company's latest offer, which was presented to the union on November 12.The miner still n...Read More

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