Market participants held back on trading low-grade manganese ore on fears of further price drops in the run-up to year end, Fastmarkets learned in the latest pricing session in the week ended Friday November 30. Low-grade ore prices slide in China  High-grade ore price inches up on stock-building activity  Chinese physical manganese alloy price holds in spite of futures drop  India...Read More

The aluminium mill-grade scrap market in the United States is showing further signs of wear, with prices shrugging off steep gains on the London Metal Exchange due to ample supply and limited demand.Despite the sharp uptick on the LME, some mill-grade scrap prices continued to succumb to downward pressure in Fastmarkets AMM's assessment on Monday December 3. Prices for 5052 segregated low-cop...Read More

The US Midwest P1020 aluminium premium held its range on Tuesday December 4, while domestic market participants kept out of the spot market and focused on depleting their existing inventories before the end of the year.Fastmarkets AMM assessed the P1020 duty-paid Midwest aluminium premium at 19-19.5 cents per lb on December 4, unchanged from the previous assessment. The premium had declined on Nov...Read More

The latest metal markets news and price moves to start the North American day on Tuesday December 4. Base metals prices, bar those for tin, on the Shanghai Futures Exchange were all down during Asian morning trading on Tuesday December 4, with investors taking profits following the complex's strong performance on Monday.Here is how the LME base metals complex looked at 11.58am London time: For...Read More

Base metals prices on the London Metal Exchange were mostly higher during morning trading on Tuesday December 4, lifted by a slight downturn in the US dollar index and while market sentiment remains positive after recent US-China trade talks. The three-month nickel price continues to push higher - it is up by more than 6% from last week's low of $10,720 per tonne and is more than 1% higher than la...Read More

This article has been corrected to show that the Fastmarkets MB copper concentrates index should have read $88.8 per tonne/8.88 cents per lb on Friday November 30, not $87.3/8.73 cents as previously published.Diverted tonnages have been flowing into the spot copper concentrate market following unplanned outages at major smelters, boosting treatment charges (TCs) in the final two weeks of November....Read More

Fastmarkets MB has corrected its copper concentrate TC/RC index, which was published incorrectly on November 30 due to a reporter error.The figure for the index has now been amended $88.8 per tonne/8.88 cents per lb.Fastmarkets MB's price book and database have been updated to reflect this change.To provide feedback on this price or if you would like to provide price information by becoming a data...Read More

The latest news and price moves to start the Asian day on Wednesday December 5.Positive developments in the United States-China trade dispute kept London Metal Exchange base metal prices mostly elevated at the close on Tuesday December 4, although broad strength in the dollar is capping price rallies. Read more in our live futures report.Here are how prices looked at the close of trading:Flat stee...Read More

The hot-rolled coil price strengthened slightly in the United States on Monday December 3, due to domestic mills trying to hold the price at $40 per hundredweight ($800 per short ton).Fastmarkets AMM's daily US Midwest hot-rolled coil index inched up to $37.77 per cwt on December 3 from $37.41 per cwt on Friday November 30.Lead times are around four weeks, market participants said.Heard in th...Read More

Flat steel import prices in Saudi Arabia and the United Arab Emirates (UAE) have increased slightly over the past seven days due to higher offers, sources told Fastmarkets on Tuesday December 4.Demand was subdued because buyers do not want to build inventory before finalizing their year-end accounting procedures, while it is also the case that existing stocks are enough to meet current consumption...Read More

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDGHot-rolled coilChina, export, hot-rolled coil, offered at $530 per tonne cfr, to Saudi Arabia.India, export, hot-rolled coil, offered at $540-550 per tonne cf...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebarOman, export, rebar, traded at $525-530 per tonne cfr, theoretical weight,...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletSaudi Arabia, export, billet, offered at $480-500...Read More

China is the principal driver of growth in electricity-based steelmaking globally, an effort that is supported by the country's ecological policies and the increasing availability of scrap steel, experts said at a recent industry forum.By 2030, around 33% of China's steel is expected to be produced using electric-arc furnaces (EAFs), up from 6% in 2015, Joerg Schwoerer, head of sales for electric...Read More

Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Tuesday December 4.Base metals prices, bar those for tin, on the Shanghai Futures Exchange were all down during Asia morning trading on Tuesday, with investors taking profits following the strong performance by the complex on Monday. Check Fastmarkets MB's live futures report here.United Kingd...Read More

Ferro-chrome spot prices in China were unchanged in the week ended Friday November 30 after the drop in tender prices to December from November was smaller than expected. Chinese mills' ferro-chrome tender price falls by 50 yuan ($7) per tonneChinese imported and domestic ferro-chrome spot prices stableAlloy prices into Japan and South Korea fallHigh-carbon ferro-chrome price into Europe unmoved,...Read More

The ammonium paratungstate (APT) market was subdued in the week ended Friday November 30 while the ferro-tungsten price in Europe nudged lower. APT prices in China and Europe stable amid slow trades Concentrates market quiet Ferro-tungsten price in Europe edges down; Chinese prices unchanged In Europe, Fastmarkets assessed the free market ammonium paratungstate price at $275-295 pe...Read More

Brazilian miner Vale is committed to maintaining iron ore production at 400 million tonnes per year until 2023 from its estimated capacity of 450 million tpy, the company said on Tuesday December 4 during an investor presentation at the New York Stock Exchange.The miner, the world's largest iron ore producer and one of the most efficient ones, is not alarmed by recent price weakness, chief executi...Read More

Seaborne iron ore prices rose on Tuesday December 4 amid gains in the futures and swaps markets, as well as a sharp uptick in the yuan's value against the US dollar.MB 62% Fe Iron Ore Index: $67.16 per tonne cfr Qingdao, up by $0.78 per tonne.MB 62% Fe Pilbara Blend Fines Index: $66.43 per tonne cfr Qingdao, up by $0.78 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $71.40 per tonne cfr Qingdao,...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreVale, Global Ore, 170,000 tonnes of 62% Fe Brazilian Blend fines, sold at the January average of the Fastmarkets MB 62% Fe Iron Ore Index-Low Alumina at...Read More