Base Metal Stocks Articles

IN CASE YOU MISSED IT: 5 key stories from October 25

October 26, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday October 25 that are worth another look.Import prices for rebar in Singapore continued to rise in the week to October 25 amid a surging ferrous scrap market upstream.A combination of hurdles to a recovery...Read More

DAILY STEEL SCRAP: Fresh US cargo raises prices by $5/tonne

October 26, 2021 / Staff reporter

Turkish steel mills continued to pay higher prices for deep-sea scrap, with news of a deal for US scrap from Friday pushing up prices on Monday October 25, market participants told Fastmarkets.A steel mill in the Iskenderun region booked a US cargo, comprising HMS 1&2 (80:20) at $510 per tonne and shredded at $530 per tonne cfr late on Friday October 22. The cargo composition,...Read More

CHINA HRC: Prices stable amid thin trading

October 26, 2021 / Staff reporter

Spot prices for hot-rolled coil in China were stable on Monday October 25, with thin liquidity and volatile prices keeping buyers in wait-and-see mode, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,550-5,600 yuan ($870-877) per tonne, unchangedThe most-traded HRC contract on the Shanghai Futures Exchange resumed its decline on Monday, finishing the day at 5,180 yuan per tonne, which...Read More

CIS LONG STEEL: Prices rise amid positive market sentiment

October 26, 2021 / Staff reporter

Export prices for reinforcing bar and wire rod originating from the Commonwealth of Independent States surged in the week to Monday October 25, supported by positive market conditions.Firstly, prices from competitive Turkish suppliers increased over the week, supported by growing import scrap and electricity costs in the country.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar...Read More

Sibanye-Stillwater in talks with Appian to buy nickel, copper assets

October 26, 2021 / Staff reporter

Sibanye-Stillwater is in talks to buy the Santa Rita nickel and Serrote copper mines in Brazil from affiliates of funds advised by Appian Capital Advisory LLP, the company said.The South African miner is predominantly a precious metals company, although it produces nickel and copper as by-products and has copper exploration projects in Canada and Argentina."Sibanye-Stillwater hereby advises its sh...Read More

LIVE FUTURES 25/10: Focus on fundamentals help LME copper prices shrug-off bearish China developments

October 26, 2021 / Staff reporter

Base metals on the London Metal Exchange closed the session higher on Monday October 25, but market participants expect further weakness in coming sessions.The three-month copper price led the base metals uptrend, closing at $9,867.50 per tonne, up 1.68% from the close of $9,704 per tonne on Friday October 22. Market participants continued to focus on dwindling copper stocks in LME sheds, wit...Read More

COKING COAL DAILY: Seaborne prices stable; Shanxi unveils winter production restrictions plan

October 26, 2021 / Staff reporter

Seaborne coking coal prices were relatively stable across the board on Monday October 25, with no transactions heard, sources told Fastmarkets - although some Chinese coke producers proposed price hikes and Shanxi province unveiled its winter restrictions plan.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $615.14 per tonne, down $0.26 per tonneHard coking coal, cfr Jingtang: $568.59 p...Read More

DAILY STEEL SCRAP: Fresh US cargo raises prices by $5/tonne

October 26, 2021 / Staff reporter

Turkish steel mills continued to pay higher prices for deep-sea scrap, with news of a deal for US scrap from Friday pushing up prices on Monday October 25, market participants told Fastmarkets.A steel mill in the Iskenderun region booked a US cargo, comprising HMS 1&2 (80:20) at $510 per tonne and shredded at $530 per tonne cfr late on Friday October 22. The cargo composition,...Read More

IN CASE YOU MISSED IT: 5 key stories from October 25

October 26, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday October 25 that are worth another look.Import prices for rebar in Singapore continued to rise in the week to October 25 amid a surging ferrous scrap market upstream.A combination of hurdles to a recovery...Read More

RUSSIA REBAR: Prices surge on low distributor stocks and limited offers from mills

October 26, 2021 / Staff reporter

Domestic steel rebar prices in Russia's Central Federal District around Moscow have jumped by up to $185 during the week to Monday October 25 on depleted stocks and limited supply from the mills.Fastmarkets' assessment of steel reinforcing bar (rebar) domestic, cpt Moscow, Russia was in a wide range of 62,000-75,000 roubles ($888.46-1,074.75) per tonne cpt on Monday, including 20% value-added tax,...Read More

CHINA HRC: Prices stable amid thin trading

October 26, 2021 / Staff reporter

Spot prices for hot-rolled coil in China were stable on Monday October 25, with thin liquidity and volatile prices keeping buyers in wait-and-see mode, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,550-5,600 yuan ($870-877) per tonne, unchangedThe most-traded HRC contract on the Shanghai Futures Exchange resumed its decline on Monday, finishing the day at 5,180 yuan per tonne, which...Read More

Thai aluminium billet market flat on sluggish demand recovery, elevated freight

October 26, 2021 / Staff reporter

A combination of hurdles to a recovery of demand, elevated freight rates and lower supply have capped premiums for aluminium billet in Thailand for the second time in three months.Buyers continue to report a shortage of supply from producers in the market, though few were actively negotiating for cargoes. Fastmarkets' monthly assessment of the aluminium 6063 extrusion billet premium, cif Thailand...Read More

IN CASE YOU MISSED IT: 5 key stories from October 25

October 26, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday October 25 that are worth another look.Import prices for rebar in Singapore continued to rise in the week to October 25 amid a surging ferrous scrap market upstream.A combination of hurdles to a recovery...Read More

LIVE FUTURES 25/10: LME aluminium up 2%, supported by China's power restrictions

October 26, 2021 / Staff reporter

London Metal Exchange futures prices were broadly up on the morning of Monday October 25, following a substantial sell-off on the previous Friday, with concerns about power restrictions in China supporting higher aluminium prices. Aluminium's three-month price rose the most on Monday, up 2% to $2,926 per tonne at 9am from $2,868 per tonne on Friday, with more than 5,600 lots of the metal traded at...Read More

Insteel logs record profitability for fiscal '21

October 26, 2021 / Staff reporter

Insteel Industries credited better margins and strong demand for ending its fiscal 2021 with the best earnings in its history, posting net earnings for its fourth fiscal quarter - ended October 2 - of $25.15 million, up by 238.70% from $7.43 million in the same period a year ago.Sales increased to $171.26 million, up 23.89% from $138.23 million in the fourth quarter of the previous year. The...Read More

Weekly HRC recap: US hot-rolled coil index down for 3rd straight week

October 26, 2021 / Staff reporter

Sentiment in the US hot-rolled coil market has been mixed but continues to lean bearish, with prices again trending downward over the past week, backsliding to levels last seen in August.Fastmarkets' calculation of the daily steel hot-rolled coil index, fob mill US averaged $95.93 per hundredweight ($1,918.60 per short ton) during the week ended Friday October 22, down by 0.54% from $96.45 per cwt...Read More

CIS LONG STEEL: Prices rise amid positive market sentiment

October 26, 2021 / Staff reporter

Export prices for reinforcing bar and wire rod originating from the Commonwealth of Independent States surged in the week to Monday October 25, supported by positive market conditions.Firstly, prices from competitive Turkish suppliers increased over the week, supported by growing import scrap and electricity costs in the country.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar...Read More

IN CASE YOU MISSED IT: 5 key stories from October 25

October 26, 2021 / Staff reporter

Here are five Fastmarkets stories you might have missed on Monday October 25 that are worth another look.Import prices for rebar in Singapore continued to rise in the week to October 25 amid a surging ferrous scrap market upstream.A combination of hurdles to a recovery...Read More

LIVE FUTURES 25/10: Focus on fundamentals help LME copper prices shrug-off bearish China developments

October 26, 2021 / Staff reporter

Base metals on the London Metal Exchange closed the session higher on Monday October 25, but market participants expect further weakness in coming sessions.The three-month copper price led the base metals uptrend, closing at $9,867.50 per tonne, up 1.68% from the close of $9,704 per tonne on Friday October 22. Market participants continued to focus on dwindling copper stocks in LME sheds, wit...Read More

Sibanye-Stillwater in talks with Appian to buy nickel, copper assets

October 26, 2021 / Staff reporter

Sibanye-Stillwater is in talks to buy the Santa Rita nickel and Serrote copper mines in Brazil from affiliates of funds advised by Appian Capital Advisory LLP, the company said.The South African miner is predominantly a precious metals company, although it produces nickel and copper as by-products and has copper exploration projects in Canada and Argentina."Sibanye-Stillwater hereby advises its sh...Read More

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