Latest Steel news
RIO TINTO AT A GLANCE: Q3 copper, aluminium production down due to outages
Fri, 18 Oct 2019 18:15:00 GMT
Rio Tinto's copper and aluminium production dropped due to unexpected shutdowns during the third quarter.
FANYA AUCTIONS ROLLING REPORT: Track the results of minor metals sales
Fri, 18 Oct 2019 17:19:00 GMT
The whereabouts of minor metal stocks held by the now defunct Fanya Metals Exchange has been a weight on the outlook of minor metals prices and contract negotiations since the exchange collapsed in 2015.
SHFE STOCKS REPORT 18/10: Lead inventories surge 25.2% on rising supply, weakening demand
Fri, 18 Oct 2019 14:52:00 GMT
Base metal stock movements in Shanghai Futures Exchange-approved warehouses were mixed in the week to Friday October 18, with lead stocks gaining the most in percentage terms, followed by copper while aluminium and zinc inventories fell marginally.
China adds nominal quantities to ferrous scrap import quotas
Fri, 18 Oct 2019 10:45:00 GMT
China granted small additional volumes of ferrous scrap import quotas for the remaining months of 2019 on Friday October 18.
China greenlights more copper scrap imports in fifth round of quotas
Fri, 18 Oct 2019 10:23:00 GMT
China has approved a fifth round of copper scrap import quotas to allow an additional 57,365 tonnes of copper scrap into the country by the end of this year, the environment ministry said on Friday October 18.
LIVE FUTURES REPORT 18/10: LME copper price subdued despite outflows, fresh cancelations
Fri, 18 Oct 2019 10:00:00 GMT
The London Metal Exchange three-month copper price was subdued during the morning trading session on Friday October 18 despite significant outflows and a large fresh cancelation of material.
Major Japanese mill expects 2020 rebound for SE Asia's HRC prices
Fri, 18 Oct 2019 06:25:00 GMT
A top Japanese steelmaker believes hot-rolled coil prices in Southeast Asia are nearing a bottom and expects reduced supply in China to give them a boost at the start of 2020.
LIVE FUTURES REPORT 18/10: SHFE tin price outperforms while others drift upward; nickel flat
Fri, 18 Oct 2019 05:05:00 GMT
Base metals prices on the Shanghai Futures Exchange were broadly up during the morning trading session on Friday October 18, after a possible Brexit deal and moderately bullish headlines on United States-China trade talks helped boost sentiment.
IN CASE YOU MISSED IT: 5 key stories from October 17
Fri, 18 Oct 2019 00:05:00 GMT
Here are five Fastmarkets MB stories you might have missed on Thursday October 17 that are worth another look.
Jiangxi Copper-backed investment firm raises stake in First Quantum
Thu, 17 Oct 2019 22:30:00 GMT
An investment firm backed by Jiangxi Copper increased its stake in First Quantum Minerals Ltd, which is in discussions on a possible investment by the Chinese producer in its Zambian assets.
BHP nickel output down 25% in Q3 2019, copper down 3%
Thu, 17 Oct 2019 18:55:00 GMT
Anglo-Australian miner BHP has recorded production declines in all base metals for the third quarter of 2019, with nickel and zinc outputs down by 25% and 33% quarter-on quarter respectively while copper production slipped by only 3% in the same comparison.
LIVE FUTURES REPORT 17/10: LME tin price climbs 1.6% on imminent Yunnan Tin Co smelter closure
Thu, 17 Oct 2019 17:54:00 GMT
The London Metal Exchange three-month tin price closed up $275 per tonne at $17,150 per tonne on Thursday October 17 on news that China’s Yunnan Tin Co will cease all smelting operations at its Ausmet plant in Gejiu, Yunnan province, on October 21.
Barrick eyes alternative smelter for its Lumwana copper concentrates
Thu, 17 Oct 2019 15:05:00 GMT
Mining corporation Barrick is eyeing potential alternative processors for concentrates produced at its Lumwana copper mine in Zambia while it waits for a third-party smelter to resume operations after a major refurbishment.
EU new car sales jump 14.5% in September
Thu, 17 Oct 2019 14:36:00 GMT
Demand for passenger cars in Europe jumped by 14.48% year on year in September 2019, the European Automotive Manufacturers Association (ACEA) said on October 16.
South32 quarterly manganese ore output rises 10% in 'favorable conditions'
Thu, 17 Oct 2019 12:44:00 GMT
South32 increased manganese ore production by 10% quarter on quarter in the three months to September 30, the miner announced on Thursday October 17.
FE Mottram restarts ferro-titanium production after six-month suspension - sources
Thu, 17 Oct 2019 12:34:00 GMT
British ferro-alloys producer FE Mottram, the biggest producer of ferro-titanium in Europe, has restarted production after a fire damaged its plant in April, according to an industry source.
LIVE FUTURES REPORT 17/10: LME nickel down 1.1% despite further drawdowns; Cu gains ground
Thu, 17 Oct 2019 10:41:00 GMT
The London Metal Exchange three-month nickel price shed 1% from the previous day’s close to trade at around $16,285 per tonne during the morning session on Thursday October 17, with the weakness coming despite further drawdowns leaving LME nickel stocks at 88,302 tonnes - the lowest since December 2012.
First trades for Fastmarkets-settled alumina contract on LME
Thu, 17 Oct 2019 10:24:00 GMT
The London Metal Exchange’s cash-settled alumina futures contract, which is settled against a basket of prices that includes Fastmarkets’ index, traded for the first time on Thursday October 17.
China’s major copper smelters raise Q4 TC/RCs price floor by 20%
Thu, 17 Oct 2019 09:02:00 GMT
China’s top copper smelters have agreed to raise the price floor for fourth-quarter treatment and refining charges (TC/RCs) by 20% from the prior quarter, sources familiar with the matter told Fastmarkets on Thursday October 17.
LIVE FUTURES REPORT 17/10: SHFE nickel price slumps 2.1%, mirroring weakness seen on LME; other metals mixed
Thu, 17 Oct 2019 06:02:00 GMT
Base metals on the Shanghai Futures Exchange gave a largely subdued performance during the morning trading session on Thursday October 17, amid persistent macroeconomic uncertainty that continues to weigh on the complex.
IN CASE YOU MISSED IT: 5 key stories from October 16
Thu, 17 Oct 2019 00:05:00 GMT
Here are five Fastmarkets MB stories you might have missed on Wednesday October 16 that are worth another look.
PEOPLE MOVES: Andrew Stonkus to retire from Teck, replaced by Réal Foley
Wed, 16 Oct 2019 21:40:00 GMT
Andrew Stonkus is to retire as Teck Resources Limited’s senior vice president, marketing and logistics, on December 31 and will be replaced by Réal Foley.
Global zinc output to rise by 555,000 tonnes in 2020, Founder Commodity says
Wed, 16 Oct 2019 20:10:00 GMT
The global production of refined zinc in 2020 is expected to increase by 555,000 tonnes amid high treatment charges (TCs) for zinc concentrates, Yuan Yuchen of Founder Commodity told delegates at the 2019 Lead & Zinc Week in Kunming on Wednesday October 16.
BIR 2019: Europe oversupplied with non-ferrous scrap with sellers eager to offload
Wed, 16 Oct 2019 18:58:00 GMT
The European non-ferrous scrap market is oversupplied and sellers at this week’s Bureau of International Recycling (BIR) conference in Hungary were eagerly approaching buyers in the hope of offloading materials by the end of this year.
LME postpones pre-trade transparency notice, explores alternative
Wed, 16 Oct 2019 18:20:00 GMT
The London Metal Exchange has postponed the publication of a consultation notice outlining its pre-trade transparency (PTT) rule changes this month, and is considering adopting an alternative solution favored by the majority of its members.
LIVE FUTURES REPORT 16/10: LME nickel price hits six-week low amid 3% decline; lead tops gains
Wed, 16 Oct 2019 18:06:00 GMT
The three-month price of nickel on the London Metal Exchange was down at the close of trading on Wednesday October 16, settling at its lowest level since August 29 amid thin turnover, while lead continued to rally over the afternoon.
NLMK's slab sales to US, European subsidiaries down 43% in Q3
Wed, 16 Oct 2019 14:39:00 GMT
Slab shipments to foreign subsidiaries and affiliates of Russia’s largest steelmaker, Novolipetsk Steel (NLMK), fell by 43% year on year in the third quarter of 2019.
BATTERY MATERIALS EUROPE: Insights from Fastmarkets’ inaugural European event
Wed, 16 Oct 2019 13:53:00 GMT
Fastmarkets welcomed leading players from the world’s battery makers as well as producers of raw materials to its first European battery event, held in Amsterdam, for insight and discussion on the anticipated surging growth in the market.
Incoming EC members take aim at metal imports with 'carbon border tax'
Wed, 16 Oct 2019 12:38:00 GMT
Members of the incoming European Commission, expected to take office in November, have released more details of a planned “carbon border tax”, which could levy charges on metal imports into the European Union.
Key market insights from the International Aluminium conference
Wed, 16 Oct 2019 12:00:00 GMT
Market participants from the entire aluminium supply chain met in Athens, Greece, in September to negotiate annual contracts for 2020 and discuss key market trends.