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The metals and mining markets are constantly changing. Stay connected to the stories driving change across the global metals markets, including the lasting effect of Russia’s invasion of Ukraine, energy price hikes, trade flow disruptions and the pull of decarbonization targets.
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Dive deeper into the stories impacting your markets with Fastmarkets’ in-depth news and analysis of the global metals market
Hot-rolled coil prices in the United States again edged lower, even as buyers have continued to struggle to find spot tonnage at the domestic mills.
There remained a dearth of interest for imported ferrous scrap in key buyer market Vietnam due to the sharp price downtrend in the week to Friday January 22, market sources told Fastmarkets.
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part down on Friday January 22, after having been up across the board a day earlier, while markets generally seem to be taking a breather after the enthusiasm the US presidential inauguration brought.
Hot-rolled coil prices in the United States have eased somewhat after soaring to a record high one week ago.
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up across the board this morning, Thursday January 21, showing dips and pauses are attracting further buying, with tin and nickel leading on the upside.
Hot-rolled coil prices in the United States dipped despite buyers still struggling to find spot tons at competitive prices.
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