Base Metal Stocks Articles

METALS MORNING VIEW 02/08: Metals prices attempt to rebound following Wednesday's weakness

August 02, 2018 / William Adams

Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.7% on the morning of Thursday August 2. Zinc led the gains with a 1.3% increase to $2,572 per tonne, while copper was up by 0.7% at $6,168 per tonne.This follows a downbeat day on Wednesday when the complex closed with losses averaging 2.7%, led by a 4.8% drop in nickel and 3.6% fall in zinc. Th...Read More

INTERVIEW: INTL FCStone developing LME technology platform, adding staff

August 02, 2018 / Andrea Hotter

INTL FCStone Ltd is developing a technology platform designed for its London Metal Exchange customers as it turns its focus to building out its global metals business following an internal restructuring. The company's newly appointed global head of metals Barry Canham told Metal Bulletin in an interview that the technology-led approach for LME clients would be similar to that already adopted for t...Read More

Battery metals deal activity starting to accelerate, says EY

August 02, 2018 / Andrea Hotter

Mergers and acquisitions in the metals and mining sector may have slowed overall but battery metals deal activity has begun to accelerate, according to a report by consultancy EY. Deal value for rare earths and lithium assets was up 22% year on year in the first half of 2018, with companies increasingly looking to capitalize on future demand for electric vehicles (EVs), the report noted. "Mining a...Read More

PRICING NOTICE: Metal Bulletin launches battery grade lithium carbonate index, min 99.5% Li2CO3, ex works China

August 02, 2018 / Charlotte Radford

Metal Bulletin will launch a weekly Chinese domestic ex-works battery-grade lithium carbonate index on Thursday August 2 to run in parallel to the existing price assessment, following a successful market consultation. Metal Bulletin launched a market consultation in May to migrate its existing price assessment for battery-grade lithium carbonate, ex-works China, to an index. Despite the overw...Read More

Trade log August 2018: Cobalt

August 02, 2018 / Charlotte Radford

Cobalt trade log including business, bids and offers reported to Metal Bulletin.Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back.Metal Bulletin prices Click here for Metal Bulletin's price assessment for low-grade cobalt, in-warehouse, $ per lbClick here for Metal Bulletin's price assessment for high-grade cobalt, in-warehouse, $ per lbIn li...Read More

TURKEY FLAT STEEL WRAP: Producers enjoy strong export demand as local market stalls

August 02, 2018 / Serife Durmus

Demand for flat steel in Turkey will remain moderate throughout August, but prices are not expected to fall because there is strong export demand, market participants told Metal Bulletin on Thursday August 2.Local producers have filled their order books until the end of September, and are planning to increase their prices for October bookings, despite weak local demand.Stock levels are not high in...Read More

China AM: Ferrous futures maintain downtrend

August 02, 2018 / Fiona Lam

China's ferrous futures weakened further during morning trading on Thursday August 2.Futures closing prices - morning sessionShanghai Futures Exchange October rebar: 4,117 yuan ($604) per tonne, down 13 yuan per tonneOctober hot-rolled coil: 4,157 yuan per tonne, down 7 yuan per tonne Dalian Commodity Exchange September iron ore: 473 yuan per tonne, down 2 yuan per tonne September coking coal: 1,1...Read More

US domestic, import rebar prices stable; Section 232 tariffs limit imports

August 02, 2018 / Patrick Fitzgerald

US domestic and imported rebar prices are steady this week, with the Section 232 tariffs - implemented on June 1 - effectively pricing imports out of the market. And despite concerns over supply tightness and transport issues, there is little indication that this will change in the near term, sources said.American Metal Market's assessment for domestic rebar held at $35-36 per hundredweight (...Read More

Long Steel Products Trade Log, August 2, 2018

August 02, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebarEgypt, domestic (El Garhy Steel), rebar, offered at...Read More

EGYPT STEEL BILLET, REBAR: Billet import prices dip with demand still weak

August 02, 2018 / Serife Durmus

Steel billet import prices decreased slightly this week in Egypt with lower offers in the market, while domestic rebar prices were unchanged, sources told Metal Bulletin on Thursday August 2.Metal Bulletin's weekly price assessment for domestic rebar in Egypt on August 2 was stable at E ?12,525-12,528 ($700) per tonne ex-works.The country's major rebar producer, Ezz Steel, is still offering the ma...Read More

CIS PIG IRON: Falling scrap costs drag pig iron prices down

August 02, 2018 / Marina Shulga

The pig iron export market in the Commonwealth of Independent States has softened on falling scrap prices, sources told Metal Bulletin on Thursday August 2.Metal Bulletin's export price assessment for high-manganese pig iron from the CIS region went down to $380-390 per tonne fob Black Sea on Thursday, from $390-395 per tonne the week before."The scrap price has fallen dramatically in Turkey.No on...Read More

DAILY SCRAP REPORT: Mills pull back again on low finished steel demand

August 02, 2018 / Carrie Bone

Turkish steel mills pulled back from the deep-sea scrap markets again on Thursday August 2, keeping prices relatively stable.Mills broke their silence in trading activity on Wednesday when a steel mill in the Marmara region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (75:25), 12,500 tonnes of bonus and 2,500...Read More

IRON ORE DAILY: Trading stays slow in seaborne market amid ample offers

August 02, 2018 / July Zhang

The seaborne iron ore market remained inactive on Thursday August 2 with plenty of offers heard that did not culminate in transactions, with buyers exercising caution.Metal Bulletin 62% Fe Iron Ore Index: $66.87 per tonne cfr Qingdao, up by $0.32 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $66.08 per tonne cfr Qingdao, up by $0.32 per tonne.Metal Bulletin 58% Fe Premium Index: $54.4...Read More

TURKEY FLAT STEEL WRAP: Producers enjoy strong export demand as local market stalls

August 02, 2018 / Serife Durmus

Demand for flat steel in Turkey will remain moderate throughout August, but prices are not expected to fall because there is strong export demand, market participants told Metal Bulletin on Thursday August 2.Local producers have filled their order books until the end of September, and are planning to increase their prices for October bookings, despite weak local demand.Stock levels are not high in...Read More

EGYPT STEEL BILLET, REBAR: Billet import prices dip with demand still weak

August 02, 2018 / Serife Durmus

Steel billet import prices decreased slightly this week in Egypt with lower offers in the market, while domestic rebar prices were unchanged, sources told Metal Bulletin on Thursday August 2.Metal Bulletin's weekly price assessment for domestic rebar in Egypt on August 2 was stable at E ?12,525-12,528 ($700) per tonne ex-works.The country's major rebar producer, Ezz Steel, is still offering the ma...Read More

Southeast Asia's billet prices largely stable on thin trading

August 02, 2018 / Fiona Lam

Import prices for steel billet in Southeast Asia remained firm on Thursday August 2 amid slow trading activity and muted demand.Metal Bulletin's daily price assessment for billet imports to Southeast Asia was $545-550 per tonne cfr Manila on Thursday, narrowing upward from $540-550 per tonne cfr a day earlier.The frequency of the assessment was increased from weekly to daily starting on Wednesday....Read More

NSSMC reorganizes stainless steel pipe, tube businesses

August 02, 2018 / Fiona Lam

In response to a "harsh business environment", five companies under major Japanese steelmaker Nippon Steel & Sumitomo Metal Corporation (NSSMC) Group will integrate and reorganize their welded stainless steel pipe and tube businesses, the group announced on Thursday August 2.The change will take place around April 1, 2019, after Nisshin Steel Co., Ltd becomes a wholly-owned subsidiary of NSSMC. Ni...Read More

Molybdenum markets hit 3-month peak on oxide demand

August 02, 2018 / Declan Conway

Molybdic oxide and ferro-molybdenum prices in Europe have strengthened to three-month peaks in trading so far this week, with tightness - and rising prices - in Asia prompting renewed demand in the West.Prices of both have steadily run higher in Europe since the start of July after they had dropped through June. And with higher offer prices already being reported in Europe against apparent tightne...Read More

PRICING NOTICE: Discontinuation of EU export stainless steel grade 304 cold-rolled sheet price

August 02, 2018 / Ross Yeo

Metal Bulletin has today discontinued its weekly assessment for 2mm grade 304 cold-rolled stainless sheet export fob Northern European ports.After a consultation period, Metal Bulletin has suspended its EU export price assessment for grade 304 stainless steel cold-rolled sheets. European exports of commodity-grade stainless steel products such as 2mm grade 304 cold rolled stainless sheet have fall...Read More

NSSMC reorganizes stainless steel pipe, tube businesses

August 02, 2018 / Fiona Lam

In response to a "harsh business environment", five companies under major Japanese steelmaker Nippon Steel & Sumitomo Metal Corporation (NSSMC) Group will integrate and reorganize their welded stainless steel pipe and tube businesses, the group announced on Thursday August 2.The change will take place around April 1, 2019, after Nisshin Steel Co., Ltd becomes a wholly-owned subsidiary of NSSMC. Ni...Read More

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