Latest Steel news
LIVE FUTURES REPORT 18/02: Copper, tin prices climb in lackluster LME trading; rest of complex down
Mon, 18 Feb 2019 11:15:00 GMT
Base metals prices on the London Metal Exchange were mostly lower during morning trading on Monday February 18, with the three-month copper and tin prices rising while continued uncertainty over US-Chinese trade relations dampens investor sentiment.
METALS MORNING VIEW 18/02: Metals prices mostly consolidating Friday's gains
Mon, 18 Feb 2019 11:02:00 GMT
The three-month base metals prices traded on the London Metal Exchange were mixed on the morning of Monday February 18.
FOCUS: Iron ore pellet prices move up amid supply uncertainties
Mon, 18 Feb 2019 10:58:00 GMT
Participants in the seaborne iron ore pellet market expect Vale’s production disruptions to push this year's prices above their previous expectations, with many unable to see any mitigating factors that could prevent such a rise.
Setback for Sterlite as Supreme Court holds back Tuticorin smelter restart
Mon, 18 Feb 2019 10:15:00 GMT
Vedanta's Sterlite Copper unit has been dealt a setback in its bid to restart its Tuticorin copper smelter, which produces 400,000 tonnes per year of copper cathode.
LIVE FUTURES REPORT 18/02: SHFE base metals prices all up on renewed optimism
Mon, 18 Feb 2019 05:03:00 GMT
Base metals prices on the Shanghai Futures Exchange were up across the board during Asian morning trading on Monday February 18, with market sentiment boosted by positive trade developments and data releases at the end of last week.
IN CASE YOU MISSED IT: 5 key stories from February 15
Mon, 18 Feb 2019 00:05:00 GMT
Here are five Fastmarkets MB stories you might have missed on Friday February 15 that are worth another look.
European car sales down again in January but revival expected
Fri, 15 Feb 2019 20:25:00 GMT
The number of new passenger car registrations in the EU decreased by 4.62% year-on-year in January 2019, making it the fifth consecutive month of decline, the European Automotive Manufacturers Assn (ACEA) said on Friday February 15.
LIVE FUTURES REPORT 15/02: Short-covering, positive trade sentiment boosts LME base metals; Zn, Pb up 2%
Fri, 15 Feb 2019 18:00:00 GMT
Base metals prices on the London Metal Exchange were higher across the board at the close of trading on Friday February 15, with market sentiment continuing to improve amid US-China trade talks, while participants continue to short-cover after last week’s price rally.
PRICING NOTICE: Proposal to launch domestic price for E40-grade ferrous scrap in Italy
Fri, 15 Feb 2019 17:01:00 GMT
Fastmarkets proposes to launch a monthly Italy domestic grade E40 shredded steel scrap € per tonne delivered to Italian mill price assessment.
Fire at Vale’s Malaysia distribution center; operations to resume in 10-15 days
Fri, 15 Feb 2019 16:23:00 GMT
Miner Vale has announced a fire has caused damage to its iron ore distribution center in Malaysia on Friday February 15.
LIVE FUTURES REPORT 15/02: Comex copper rebounds in final session
Fri, 15 Feb 2019 15:30:00 GMT
Comex copper prices turned positive on Friday morning in the United States with improving trade talk optimism boosting the entire base metals space.
EXCLUSIVE: Controversy over LILO rule after aluminium queue builds up at Istim Port Klang
Fri, 15 Feb 2019 14:52:00 GMT
The London Metal Exchange’s linked load-in/load-out (LILO) warehouse rule has not so far been activated at Istim’s warehouses in Port Klang despite a large queue building at the warehouse, sources confirmed to Fastmarkets MB.
GLOBAL LITHIUM WRAP: China lithium market, logistics resume; price unchanged post-holiday
Fri, 15 Feb 2019 12:35:00 GMT
China’s domestic lithium spot market showed limited buying activity with prices unchanged in the first week after the Lunar New Year holiday, while transportation of lithium compounds has resumed and more market participants are due to return after the Lantern Festival next week.
SHFE STOCKS REPORT 15/02: SHFE base metals stocks mostly higher; Ni stocks fall on tight supply
Fri, 15 Feb 2019 12:00:00 GMT
Base metals stocks on Shanghai Futures Exchange were broadly higher as of Friday February 15 due to the week-long Lunar New Year holiday, with zinc leading the increase although nickel stocks dropped because of tight supply.
Further diversion of DRC copper concs expected after ERG suspends Chambishi facility
Fri, 15 Feb 2019 11:38:00 GMT
More copper concentrates from the Democratic Republic of Congo (DRC) could be diverted after ERG suspended its Chambishi copper smelting facility in Zambia, multiple market sources said.
LIVE FUTURES REPORT 15/02: LME base metals up on positive US-China trade talks; Pb climbs 1.6%
Fri, 15 Feb 2019 11:20:00 GMT
Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Friday February 15, gathering support from a broadly positive tone emerging from recent US-China trade talks.
NEWSBREAK: Fire at Korea Zinc’s Onsan smelter; deliveries said to be unaffected
Fri, 15 Feb 2019 10:15:00 GMT
A fire at Korea Zinc’s Onsan smelter has been contained and deliveries are set to continue as usual, two sources at the company told Fastmarkets.
Nornickel to seek damages from failed BCL deal in London appeals court
Fri, 15 Feb 2019 09:36:00 GMT
Nornickel has won the right to take its dispute with Botswana's state-owned mining enterprise BCL Group to the London Court of International Arbitration (LCIA).
LIVE FUTURES REPORT 15/02: SHFE base metals prices down across the board on poor PPI data; nickel leads the falls
Fri, 15 Feb 2019 04:30:00 GMT
Base metals prices on the Shanghai Futures Exchange were broadly lower during Asian morning trading on Friday February 15 following disappointing data out of China, with nickel leading the falls.
IN CASE YOU MISSED IT: 5 key stories from February 14
Fri, 15 Feb 2019 00:05:00 GMT
Here are five Fastmarkets MB stories you might have missed on Thursday February 14 that are worth another look.
LIVE FUTURES REPORT 14/02: Dollar strength caps base metals despite thin LME stocks; Ni falls 1.6%
Thu, 14 Feb 2019 17:55:00 GMT
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Thursday February 14, with a collective trend of dwindling LME stocks failing to prompt upward price action while volumes traded remain moderate.
COMMENT: Has China started to import pig iron again?
Thu, 14 Feb 2019 17:15:00 GMT
Detailed data for Chinese trade is still not available, but there are indications that the East Asian country may have become the biggest importer of pig iron in Asia last year, according to Fastmarkets’ research team.
South32 increases manganese ore operating margin
Thu, 14 Feb 2019 17:02:00 GMT
Australian miner South32 increased its manganese ore operating margin to 64% in the six months to December 31, 2018, it revealed in its half-yearly results presentation on Thursday February 14.
Copper demand-supply balance to remain tight for 2-3 years, Brazil's Paranapanema says
Thu, 14 Feb 2019 16:48:00 GMT
Global copper demand will outpace supply growth or at least stay in a tight balance for at least two to three years, according to the chief executive officer of Brazilian copper producer Paranapanema, Marcos Camara.
LIVE FUTURES REPORT 14/02: Comex copper under persistent weakness
Thu, 14 Feb 2019 15:25:00 GMT
The US copper price failed to rebound on Thursday morning in the United States, while market participants hold back from being too optimistic about recent developments in US and Chinese trade talks.
First Quantum starts ore processing at Cobre Panama copper mine
Thu, 14 Feb 2019 14:05:00 GMT
The copper industry's next major mine is a step closer to bringing its first tonnes to market.
Teck's zinc profitability down in 2018 on falling sales, prices
Thu, 14 Feb 2019 13:00:00 GMT
Teck Resources’ zinc business became less profitable in 2018 because of falling sales and declines in commodity prices, according to its annual earnings statement released on Wednesday February 13.
China’s finished steel exports rise in January
Thu, 14 Feb 2019 12:05:00 GMT
Chinese finished steel exports increased in January on both a yearly and month-on-month basis with buyers able to secure favorable deals due to lower prices in China's domestic market.
Chambishi suspension offers short-term relief to cobalt price slump – sources
Thu, 14 Feb 2019 11:40:00 GMT
The suspension of cobalt production at Chambishi could provide some respite to falling cobalt prices but it should not be confused with the eventual departure of Chambishi broken cathodes from the market, according to sources spoken to by Fastmarkets.
LIVE FUTURES REPORT 14/02: LME base metals supported by positive Chinese trade data; Cu leads complex up
Thu, 14 Feb 2019 11:35:00 GMT
Base metals prices on the London Metal Exchange were mostly higher during morning trading on Thursday February 14, with positive market sentiment emerging amid stronger than expected Chinese trade data, while US-China trade talks indicate a potential resolution.