Base metals prices on the London Metal Exchange were in consolidation mode on Tuesday March 2, with tin declining slightly following a near 9% dive on Monday and nickel decreasing by 1%, amid a stronger US Dollar Index, which is at its highest since the first week of February.

Base metals prices on the London Metal Exchange were mixed this morning, Tuesday March 2, while on the Shanghai Futures Exchange they were mainly weaker.

The hot-rolled coil price has hit a new high in the United States, moving above $62 per hundredweight.

The benchmark A380.1 secondary aluminium alloy price and the London Metal Exchange’s North American special aluminium alloy contract (Nasaac) spiked to more than six-year highs, supported by healthy demand even as a semiconductor chip shortage disrupts automotive supply chains.

Pakistan's government has said that Fastmarkets' import index for ferrous scrap will be used for customs valuations of ferrous scrap, according to an official ruling published on February 25.

Spot prices in the key Vietnamese scrap import market rebounded strongly during the week to Friday February 26, even though buyers with inventories were not actively purchasing due to high prices and the narrow scrap-billet spread, according to market sources.

Fastmarkets FOEX is inviting feedback from the industry on the pricing methodologies for its PIX Pellet Nordic price index, as part of its annual methodology review process. The open consultation, which is open until March 25, 2021, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the […]

Hot-rolled coil prices in the United States continue to hit record highs, with further upside expected, Fastmarkets understands.

The United States' copper scrap market has been thrown out of balance since the price for the red metal surged above the $4 per lb on Comex this week.

Market growth and decarbonization collide to create an unclear future for steelmaking