Base Metal Stocks Articles

TURKEY LONG STEEL EXPORTS: Prices hold firm despite subdued trading

September 25, 2021 / Staff reporter

Export prices for steel rebar and wire rod from Turkey were unchanged over the week to Thursday September 24, despite the limited demand.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was stable week on week at $660-670 per tonne on Thursday.Rebar offers to foreign customers were heard mainly within the range of $665-675 per tonne fob. But aft...Read More

DAILY STEEL SCRAP: Fresh deal sends indices down on last working day of week

September 25, 2021 / Staff reporter

Turkish steel mills returned to the deep-sea scrap market on Friday September 24, ending a week-long absence and booking at least one new cargo, market sources told Fastmarkets.A steel mill in northern Turkey booked a Baltic-sea origin cargo, comprising 22,000 tonnes of HMS 1&2 (80:20) at $434 per tonne and 3,000 tonnes of bonus at $449 per tonne. ...Read More

EUROPE HRC: Domestic prices dip further

September 25, 2021 / Staff reporter

Domestic prices for hot-rolled coil dropped in Northern Europe and Italy on Friday September 24 on limited trading, sources told Fastmarkets.Buyers have mostly been taking a "wait-and-see" strategy in anticipation of further price falls. In addition, market participants said most buyers already have sufficient stocks to last until the end of the year.Lower demand for steel from the automotive indu...Read More

ENERGY TRANSITION: Ford in closed-loop EV battery recycling JV with Redwood Materials

September 25, 2021 / Staff reporter

Ford Motor Co is working in partnership with Redwood Materials to create a closed loop for recycling lithium-ion batteries from electric vehicles (EVs) and a domestic supply chain for critical battery materials.Nevada, United States-based Redwood, founded by former Tesla chief technology officer Jeffrey Brian Straubel, said the US automotive manufacturer has invested $50 million in Redwood to help...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

September 25, 2021 / Staff reporter

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt alloy grade,...Read More

FOCUS: Unprecedented SiMn, FeSi futures rally 'forming a bubble'

September 25, 2021 / Staff reporter

September has been a very eventful month so far for the Chinese silico-manganese and ferro-silicon markets. In the first three weeks, the futures prices for both products kept rising to new heights against market expectations.Market participants have grown antsy in the absence of any indication of a slowdown in this upward momentum. They believe the unprecedented price rally has gone far beyond ma...Read More

MANGANESE SNAPSHOT: EU steel mills switch to ferro-manganese after surge in flake prices

September 25, 2021 / Staff reporter

Key data from Fastmarkets' pricing sessions in India, Europe, China and the United States on Friday September 24.Europe High- and medium-carbon ferro-manganese prices rose in Europe in the week to Friday September 24 on increased offer prices after manganese flake prices soared to record highs. European integrated steel mills are likely to try to buy more medium-carbon ferro-manganese as a substit...Read More

ALUMINIUM BILLET WRAP: 2022 contract negotiations support record-high premiums

September 25, 2021 / Staff reporter

Aluminium billet premiums mostly rose on Friday September 24, setting new record highs or being supported at such levels, as more expensive offers for 2022 negotiations advanced.EuropeFastmarkets assessed the aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region) at $1,350-1,400 per tonne on Friday, up from $1,320-1,370 per tonne a week prior and from $1,220-1,270 per tonne a mon...Read More

ENERGY TRANSITION RAW MATERIALS 24/09: Manganese flake prices surge on China supply concerns; cobalt, lithium on uptrend

September 25, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves in the week to Friday September 24. Susan Zou, Yingchi Yang and Sybil...Read More

COPPER CONCS SNAPSHOT: TC/RCs tick upward; China power cuts weigh on downstream sector

September 25, 2021 / Staff reporter

The processing charge on spot copper concentrates increased in the week to Friday September 24, reflecting the return of smelters to market activity after the traditionally slow summer months.Clean tonnages were sold to Chinese smelters in the low-to-mid $60s per tonne, with interest being shown for material to be available in the first quarter of next year.A new round...Read More

GLOBAL FERRO-SILICON SNAPSHOT: Chinese production cuts drive extreme price gains

September 25, 2021 / Staff reporter

Key data from Fastmarkets' pricing sessions in Europe, China and the United States on Friday September 24.China The ferro-silicon price in China became very bullish following the news that Fugu, a ferro-silicon production hub in Shaanxi province, issued instructions for broad cuts in the production of ferroalloys, magnesium and semi-coke starting from September 19, to meet the dual control targets...Read More

ENERGY TRANSITION RAW MATERIALS 24/09: Manganese flake prices surge on China supply concerns; cobalt, lithium on uptrend

September 25, 2021 / Staff reporter

An overview of the new energy materials markets and their price moves in the week to Friday September 24. Susan Zou, Yingchi Yang and Sybil...Read More

POLAND WIRE ROD: Prices decline on slow trading, bearish expectations

September 25, 2021 / Staff reporter

Domestic steel wire rod prices in Poland moved down in the week to September 24 amid slow trading, downbeat buyer expectations and cheap imports, sources told Fastmarkets.The market was quiet during the past seven days because both producers and buyers held back from the market to assess the situation, sources said.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic...Read More

ASIA STEEL SCRAP DIGEST: S Korea mills continue to reduce scrap intake

September 25, 2021 / Staff reporter

South Korean mills are continuing to scale back their steel scrap imports amid a slide in local steel demand and production stoppages at some electric-arc furnace (EAF) mills, sources told Fastmarkets on Friday September 24.South Korean steelmakers take back-seat while Vietnam ramps-up buyingHigher bids for scrap in China, with restocking efforts stepping upOffers for imported material to China re...Read More

GM to double output at two Brazilian plants, continue monitoring chip shortage

September 25, 2021 / Staff reporter

General Motors will double production in two of its Brazilian plants by introducing a second work shift, despite an ongoing global semiconductor chip shortage, the United States-based company's local branch said on Wednesday September 22.The automaker's unit in S??o Caetano do Sul, a city in Brazil's southeastern S??o Paulo state, will begin a second work shift on September 27. A second unit in Gr...Read More

EUROPE HRC: Domestic prices dip further

September 25, 2021 / Staff reporter

Domestic prices for hot-rolled coil dropped in Northern Europe and Italy on Friday September 24 on limited trading, sources told Fastmarkets.Buyers have mostly been taking a "wait-and-see" strategy in anticipation of further price falls. In addition, market participants said most buyers already have sufficient stocks to last until the end of the year.Lower demand for steel from the automotive indu...Read More

FOCUS: China's power supply constraints subdue demand for flat steel

September 25, 2021 / Staff reporter

Demand for steel, especially for flat products, in China could be hit by power supply constraints caused by the drive to reduce energy consumption and sustained coal shortages.Concerns among steel market participants have increased after reports by a major local information provider suggesting that some pipe mills in Hebei province's Tangshan and Tianjin have been required to suspend operations fo...Read More

TURKEY FLAT STEEL: Buyers hold back, wait for market bottom

September 25, 2021 / Staff reporter

Most flat steel prices decreased in Turkey during the week to Friday September 24, with demand weak because buyers wanted to see prices hit a market bottom, sources told Fastmarkets.In addition to the falling prices, low demand from the automotive sector because of the semiconductor chip shortage also affected buying in Turkey. Several carmakers in the country were undergoing temporary shutdowns d...Read More

Trade log: Cobalt standard grade, in-whs Rotterdam, $/lb

September 25, 2021 / Staff reporter

The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb...Read More

ENERGY TRANSITION: Ford in closed-loop EV battery recycling JV with Redwood Materials

September 25, 2021 / Staff reporter

Ford Motor Co is working in partnership with Redwood Materials to create a closed loop for recycling lithium-ion batteries from electric vehicles (EVs) and a domestic supply chain for critical battery materials.Nevada, United States-based Redwood, founded by former Tesla chief technology officer Jeffrey Brian Straubel, said the US automotive manufacturer has invested $50 million in Redwood to help...Read More

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