Base metals prices on the London Metal Exchange were up across the board this morning, Tuesday August 10, this after a day of weakness on Monday – once again it looks like dips are being seen as a buying opportunity.

The United Kingdom Trade Remedies Authority (TRA) has recommended that anti-dumping duties on welded tube & pipe from Russia be revoked, but that measures against similar material from China and Belarus be extended, the TRA said on Monday August 9.

Stronger-than-expected United States employment figures on Friday August 6 turned the dollar higher, which weighed on prices, with most base metals weaker this morning, Monday August 9, but gold and silver underwent a ‘flash crash’ at the start of trading in Asia.

Steel scrap prices in the key global markets moved down over the week to Friday August 6 with demand for material remaining tepid.

A correction has been issued for this article. The update can be found here.

Spot prices for imported containerized ferrous scrap in Taiwan continued on a downward trend in the week to Friday August 6 amid the current buyers' market caused by poor demand, market sources told Fastmarkets.

Seaborne coking coal prices maintained their upward trend in both the cfr and fob markets on Friday August 6, with good buying interest in the latter.

Brazilian aluminium association Abal has appointed a woman as executive president for the first time, with Janaina Donas taking over the role previously held by Milton Rego after a seven-month recruitment process, the group said on Thursday August 5.

Base metals prices on the London Metal Exchange were mixed this morning, Thursday August 5, and those on the Shanghai Futures Exchange were mainly weaker.

Turkish steel producers continued to book deep-sea scrap cargoes for September shipments at stable prices on Wednesday August 4, market participants told Fastmarkets.