Greek authorities will liquidate majority-state-owned multi-metal miner Larco, one of Europe's largest ferro-nickel producers, before selling off assets to investors, the country's energy minister Kostis Hatzidakis said on Monday January 27.The company has been in difficulty for some 35 years and is currently one of the worst-performing in Greece, with debts totalling in excess of ?,?400 million w...Read More
The discount for copper scrap imported into China has narrowed in January with the level expected to remain flat until the scrap renaming policy takes effect in July.Fastmarkets assessed the copper scrap No2 copper (birch/cliff) imported into China 94-96%, LME/Comex discount, cif China at 33-37 cents per lb on Monday January 27, compared with 35-40 cents per lb a month earlier. Deals were reported...Read More
The three-month nickel price on the London Metal Exchange was lower during morning trading on Monday January 27, with macro risk-off sentiment prompting a 2.5% decline, while zinc futures followed lower. Nickel's outright price on the LME was recently seen at $12,655 per tonne, below Friday's closing price of $12,950 per tonne with some 1,800 lots exchanged as of 9:20am London time. Prompting down...Read More
Brazil's apparent steel use fell in both December 2019 and over the full year, compared with the corresponding figures for 2018, because of weaker domestic sales and imports, local steel association Instituto A??o Brasil said on Thursday January 23.Apparent consumption was 1.52 million tonnes in December, a 4.1% year-on-year decrease from 1.58 million tonnes, according to the association.Flat-roll...Read More
Steel plate prices in the United States are stable, with market participants reporting lackluster restocking rates at service centers and short lead times at mills. "It appears that the prices are stalling out," one plate consumer said. Some market participants said that mills' price increases at the end of 2019 were premature. The hikes might have pulled forward some buying that otherwise wo...Read More
The price of steel billet fell in most regions during the week ended Friday January 24, due to the continuing slide in ferrous scrap prices in Turkey.The downturn in Turkish deep-sea scrap import prices hit scrap prices in other regions and resulted in a further fall in billet prices.A steel mill in the Iskenderun region booked a UK cargo comprising 22,000 tonnes of HMS 1&2 (80:20) at $277 per ton...Read More
Brazilian mining regulatory agency ANM has demanded that mining companies in four states remain alert to the levels in their tailings dams until Friday January 31 because of the heavy rainfall in parts of the country this week.The agency has requested daily monitoring of the structures due to the rainfall over the weekend of January 25-26, which was expected to continue in the south-eastern states...Read More
Turkish steel mills held back from deep-sea scrap bookings on Monday January 27, amid talk that they would cut production or resume bookings soon, sources said.A steel mill in the Iskenderun region booked a UK cargo comprising 22,000 tonnes of HMS 1&2 (80:20) at $277 per tonne cfr late on January 22, which sent the daily scrap indices down by $6.45 per tonne.This was only the second cargo booked i...Read More
Global scrap prices trended downward during the working week ended Friday January 24 on limited demand that was a consequence of lackluster finished steel sales globally and the lunar new year holidays in East Asia.Turkish import prices drop in latest cargo deal US export prices down on both coasts Taiwan import prices slip on demand dip Indian import prices decline on Turkish price downturn. Turk...Read More
Domestic ferrous scrap prices in Turkey have continued to slip over the past week on falling imported scrap values, sources said on Monday January 27.After a steel mill in Turkey booked a UK-origin cargo sold at $277 per tonne cfr for HMS 1&2 (80:20), Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey went down by $6.45 per tonne to $274.25 per tonne...Read More
Key data from the January 22 and January 24 pricing sessions in London. Key drivers Tight supply of certain brands of cut cathodes and rounds - either well-sold on long-term contracts, or held firmly in trader hands - saw alloy-grade cobalt prices extend their premium over standard-grade units. Some market participants reported an...Read More
Vital Materials' purchase of 3,609 tonnes of indium removes the last of the minor metal supplies once held in the now defunct Fanya Metal Exchange, which enables the company to lock in several years of indium supplies from its own 'surface mine' and at low prices by historical standards.The move from China-based Vital - one of the biggest minor metals producers in the world and a significant produ...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday January 24.The market steadied by the lack of Chinese offers ahead of the Lunar New Year. Fastmarkets' price assessment for antimony max 100 ppm Bi, in-warehouse Rotterdam, consolidated previous falls maintaining level at $5,650-5,950 per tonne and with offers reaching the top end of the range on Friday.Fastmarkets' price...Read More
Vanadium prices took another move higher in Europe during the second half of last week, supported by an increase in inquiries and trader restocking, Fastmarkets heard. Fastmarkets' price assessment for ferro-vanadium, ddp Europe stands at $26-27.15 per kg as of January 24, up by 3.6% from the midweek assessment, and now at its highest level since the beginning of October. Fastmarkets' price assess...Read More
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Growing fear amid the coronavirus outbreak...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issu...Read More
Aluminium Follow-through selling pressure emerged on Friday January...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts...Read More
Healthy sell-off The main feature in...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as s...Read More
Coronavirus knocks sentiment across markets...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest iss...Read More
INSG data telling an increasingly less-bullish story... The...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus downloa...Read More