The Iranian export market for steel billet and slab has been largely quiet in the week to Wednesday September 11 amid a mismatch between mills' offer prices and customers' bids as well as religious holidays on Monday and Tuesday.Most billet suppliers in Iran chose to show caution while they attempted to assess the situation, after a sharp drop in the global billet and scrap markets.Some market sou...Read More
China's domestic rebar prices dropped on Wednesday September 11 after selling interest picked up ahead of a three-day weekend.Domestic Eastern China (Shanghai): 3,650-3,680 yuan ($513-517) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,620-3,650 yuan per tonne, narrowed downward by 10 yuan per tonneTraders lowered prices to move more cargoes ahead of a public holiday on Friday to mar...Read More
Stainless steel prices in East Asia have shown an uptick over the past week on continued strength in the price of nickel on the London Metal Exchange, although limited demand prevented a sharper increase, market sources said on Wednesday September 11.The LME nickel price rallied by 23% last month after Indonesia announced that it would bring forward a ban on nickel ore exports, which will now begi...Read More
The price of steel hollow sections in the European domestic market moved down this week due to weak order books, prompting many primary buyers to hold off from ordering, sources told Fastmarkets on Wednesday September 11.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?585-610 ($646-674) per tonne on Wednesday, down from ?,?585-630...Read More
Eastern China's Shagang has raised the list prices for its rebar and wire rod booked in mid-September.The mill is selling its HRB400 16-25mm rebar at 3,820 yuan ($537) per tonne over the September 11-20 period, up 100 yuan per tonne from its...Read More
The three-month price of tin on the London Metal Exchange was higher at the close of trading on Wednesday September 11, settling at its highest level since June 21, while a steady downturn across the rest of the complex saw copper fall through its nearby $5,800 per tonne support level.Tin futures traded at an intraday high of $17,750 per tonne, climbing by more than 12% since falling to a four-yea...Read More
The price of mesh-quality steel wire rod in the Northern European domestic market moved down this week amid poor demand from the key German market, sources told Fastmarkets on Wednesday September 11.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?460-470 ($508-519) per tonne on Wednesday, down by ?,?10-30 per tonne week on week.Th...Read More
The price of steel rebar in the domestic market in Southern Europe was unchanged this week but lower prices were expected to emerge next week because of softer ferrous scrap costs, sources told Fastmarkets on Wednesday September 11.Participants said that there were rumours in the market that low prices had been offered to so-called 'tier one' customers - that is, those buying the largest volumes....Read More
The price of steel rebar in the Northern European domestic market decreased this week because of weak demand and low ferrous scrap prices, sources told Fastmarkets on Wednesday September 11.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?475-490 ($525-541) per tonne on Wednesday, down by ?,?15-25 per tonne week on week.The primary...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday September 11 that are worth another look.Australian multi-metal miner Blackstone Minerals considers Vietnam a reliable and equitable jurisdiction for nickel production and export once the Indonesian ore export ban comes into effect in January 2020, chief executive officer Scott Williamson told Fastmarkets last week.Zambian cop...Read More
The three-month price of tin on the London Metal Exchange was higher at the close of trading on Wednesday September 11, settling at its highest level since June 21, while a steady downturn across the rest of the complex saw copper fall through its nearby $5,800 per tonne support level.Tin futures traded at an intraday high of $17,750 per tonne, climbing by more than 12% since falling to a four-yea...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 11.Please click...Read More
Offers for second-tier products emerged in the seaborne coking coal market on Wednesday September 11 after several weeks of inactivity.Premium hard coking coal, fob DBCT: $149.64 per tonne, down $1.12 per tonne Premium hard coking coal, cfr Jingtang: $169.39 per tonne, up $0.13 per tonneHard coking coal, fob DBCT: $131.75 per tonne, down $2.26 per tonneHard coking coal, cfr Jingtang: $150.26 per t...Read More
An overview of the minor metals markets and their latest price moves.Read More
The Iranian export market for steel billet and slab has been largely quiet in the week to Wednesday September 11 amid a mismatch between mills' offer prices and customers' bids as well as religious holidays on Monday and Tuesday.Most billet suppliers in Iran chose to show caution while they attempted to assess the situation, after a sharp drop in the global billet and scrap markets.Some market sou...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday September 11 that are worth another look.Australian multi-metal miner Blackstone Minerals considers Vietnam a reliable and equitable jurisdiction for nickel production and export once the Indonesian ore export ban comes into effect in January 2020, chief executive officer Scott Williamson told Fastmarkets last week.Zambian cop...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 11.Please click...Read More
Zambian copper production will drop by 11.6% this year after a series of tax reforms have led to production cost hikes, an industry body said in a statement on Wednesday September 11.Estimated output will fall by 100,000 tonnes this year, according to Zambia Chamber of Mines (ZCM) chief executive officer Sokwani Chilembo, who added that it would essentially remove Zambia from the global top 10 cop...Read More
North European premiums for zinc continued to rise at the top end of the range despite subdued spot-market business, while premiums in all other regions traded flat in the week ended Tuesday September 10. Rotterdam, Antwerp zinc premiums widen upward with trade increasingly possible at higher levels US, China zinc premiums flat on low spot interest US sees demand spike in lead, premiums unchanged...Read More
Norsk Hydro will cut foil production at its rolled products operations by about 30% by the end of 2020 in a widespread restructuring of this business segment, the Norwegian aluminium producer told Fastmarkets on Tuesday September 10.This will include the planned closure of two foil production lines at its Grevenbroich, Germany, site, the company added.Grevenbroich, which has the capacity...Read More