Turkish steel pipe export prices have advanced in the past month due to increasing raw material costs and stronger demand in the domestic market, sources said on Wednesday November 13.Fastmarkets' monthly price assessment for steel structural pipe export S235JR grade EN10219 2mm wall thickness, fob main port Turkey, was $515-530 per tonne on November 13, widening up from $515-520 per tonne on Octo...Read More
Mike Henry has been named chief executive officer and executive director of BHP, effective from January 1, 2020.Henry will succeed Andrew Mackenzie, who retires as CEO on December 31, the Australian miner said early on Thursday November 14.Henry has served as...Read More
The price of steel wire rod in Europe has remained stable this week despite recent substantial increases in the price of ferrous scrap, Fastmarkets heard on Wednesday November 13.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?430-450 ($474-496) per tonne on November 13, unchanged week-on-week.The corresponding price assessment on...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday November 13.Please click...Read More
Prices for hollow steel sections in Northern and Southern Europe were unchanged this week although some mills were offering higher prices on possible rises in feedstock costs, market sources told Fastmarkets on Wednesday November 13.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?560-580 ($617-639) per tonne on Wednesday, unchanged week...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday November 13 that are worth another look.The London Metal Exchange is seeking to launch a new cash-settled main Japanese ports (MJP) aluminium premium contract settled against a Fastmarkets price, the exchange said on November 13.Low demand for long steel products such as rebar was at the root of the problems facing the steel i...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday November 13.Please click...Read More
The three-month zinc price on the London Metal Exchange continued its sell-off at the close of trading on Wednesday November 13, recording moderate turnover, while tin's outright price teased a break below nearby support.Zinc futures on the LME closed at $2,422 per tonne on Wednesday, the lowest closing price for the metal since October 16. Turnover was broadly average at just over 7,400 lots exch...Read More
The London Metal Exchange is seeking to launch a new cash-settled main Japanese ports (MJP) aluminium premium contract settled against a Fastmarkets price, the exchange said on Wednesday November 13.The contract, which will be settled against the monthly average of Fastmarkets MB's aluminium P1020A spot cif MJP price, is likely to be launched in the second half of 2020, subject to regulatory appro...Read More
Fastmarkets has amended the publication times of its weekly global pig iron and hot-briquetted iron (HBI) price assessments from 3pm to 4pm London time.Following a consultation period, Fastmarkets has made the change to capture of a larger number of transactions during the week thereby helping to increase the liquidity for each of the assessments.From Thursday, November 14, and week...Read More
Steel H-beam prices in Europe remained unchanged in the week to Wednesday, November 13, but sources told Fastmarkets that mills are starting to increase their offer prices to reflect recent rises in feedstock costs.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?530-560 ($584-617) per tonne on November 13, unchanged week on week.International scrap...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday November 13 that are worth another look.The London Metal Exchange is seeking to launch a new cash-settled main Japanese ports (MJP) aluminium premium contract settled against a Fastmarkets price, the exchange said on November 13.Low demand for long steel products such as rebar was at the root of the problems facing the steel i...Read More
The three-month zinc price on the London Metal Exchange continued its sell-off at the close of trading on Wednesday November 13, recording moderate turnover, while tin's outright price teased a break below nearby support.Zinc futures on the LME closed at $2,422 per tonne on Wednesday, the lowest closing price for the metal since October 16. Turnover was broadly average at just over 7,400 lots exch...Read More
Global zinc premiums were left with little room to maneuver against exchange-stock drawdowns and high import losses this week, while persistent backwardations in the metal's forward curve kept spot trading opportunities minimal. New Orleans LME warehouse stocks are at an all-time low but this failed to support the US zinc premium due to bad demand. High import loss leaves Chinese zinc marke...Read More
Premiums for full-plate nickel cathodes in China declined in the week to Tuesday November 12 as import arbitrage margins shrank, while in Europe premiums were flat and in the United States briquette premiums edged up. Asian nickel premiums drops; arbitrage profits shrinkUS briquette premium up at lower end, while plate premium holds firmEuropean market subdued on lack of physical appetite despite...Read More
The London Metal Exchange is seeking to launch a new cash-settled main Japanese ports (MJP) aluminium premium contract settled against a Fastmarkets price, the exchange said on Wednesday November 13.The contract, which will be settled against the monthly average of Fastmarkets MB's aluminium P1020A spot cif MJP price, is likely to be launched in the second half of 2020, subject to regulatory appro...Read More
Chinese copper smelters will continue to lead benchmark copper concentrate negotiations despite approaching Japan's Pan Pacific Copper (PPC) to negotiate the annual deal from a stronger position, sources said. During late-October's LME Week, talk emerged that Chinese smelters would accept an agreement set by PPC, Asia's largest copper smelter outside China, if it settled a number earlier than duri...Read More
Steel producers in Turkey expect output to increase in the last quarter of 2019, the Turkish Steel Producers' Association (T???oeD) said on Wednesday November 13.Turkey produced 25.29 million tonnes of crude steel in January-September 2019, down by 10.09% from 28.12 million tonnes in the corresponding nine-month period of last year.This meant that Turkey recorded the highest rate of decrease among...Read More
The price of steel rebar in the Southern Europe domestic market was unchanged this week but market participants expect increases in the near future because of significantly higher ferrous scrap costs, they told Fastmarkets on Wednesday November 13. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was ?,?455-465 ($501-512) per tonne on Wed...Read More
The price of steel rebar in the Northern Europe domestic market continued to move up this week with mills seeking to reflect rising scrap costs in their rebar sales, sources told Fastmarkets on Wednesday November 13. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was ?,?475-485 ($523-535) per tonne on Wednesday, up by ?,?10 per tonne wee...Read More