Interest for ferrous scrap imports in Vietnam has increased during the week to Friday September 10 due to rebounding billet prices in China, sources told Fastmarkets.

Base metals prices were higher on both the LME and the SHFE this morning, Friday September 10, with the broader markets also up. Additionally, metals that were previously looking vulnerable now look less vulnerable, suggesting traders are still comfortable being exposed to the metals.

Traditional relationships between prime steel scrap and lower-grade material in key Asian markets have shattered over recent months, market sources told Fastmarkets in early September 2021.

Steelmakers in the United States and the United Steelworkers (USW) union warned that a potential US accord with the European Union to end the dispute resulting from the former President Donald Trump administration’s Section 232 steel and aluminium tariffs could boost imports from Europe and hurt the domestic industry.

China's soybean imports in August fell slightly from the same month a year earlier, as poor domestic crush margins weighed...

Steel billet buyers in China have continued to make import purchases in recent days amid expectations that further domestic production cuts will be imposed at the start of next year, sources told Fastmarkets on Tuesday September 7.

Poor demand in key import markets in Turkey and Asia continued to pull steel scrap prices downward in the week ended Friday September 3. High freight costs and a lack of container ships also damped spot trading liquidity.

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Friday September 3, but overall the picture is one of consolidation ahead of today's employment report from the United States.

Bauxite refining and alumina production will resume at New Day Aluminum's facility in Gramercy, Louisiana, in the United States, after operations were halted due to Hurricane Ida, major shareholder Concord Resources said on Thursday September 2.

China’s cobalt tetroxide prices drifted lower in the week to Wednesday September 1, due to weak demand from battery producers, while cobalt sulfate prices remained rangebound, with producers rejecting lower bids.