Buying activity in the global steel billet market was muted last week as most of the potential customers were on religious holidays.

Base metals prices on the London Metal Exchange are weaker across the board by an average of 0.9% this morning, Tuesday January 30.

Base metals prices on the London Metal Exchange are broadly higher this morning, Thursday October 19. Nickel prices lead the gains with a 1.2% increase to $11,770 per tonne, while tin, aluminium and copper prices are up by between 0.1% and 0.4%, with three-month copper prices at $7,005. Lead and zinc are bucking the trend, with prices down by 1.1% and 0.5%, respectively.

Prices in the global steel billet market remained largely unchanged over the past week, as some customers continued to accept high offer prices.

Metal Bulletin reviews the major stories affecting the steel market over the past week.

Metal Bulletin reviews the major stories affecting the steel market over the past week.

The base metals on the London Metal Exchange are down across the board by a fairly uniform amount of between 0.1% and 0.3% this morning, Thursday June 1, with three-month copper prices off 0.3% at $5,677 per tonne.

News that trade talks between China and the United States will take place later this month has sparked risk-on sentiment in the London Metal Exchange base metals complex this morning.

Base metals prices are weaker this morning, Wednesday May 24, with prices down an average of 1.1% on the London Metal Exchange, as Moody’s Investors Services has cut China’s debt rating to A1 from Aa3 – the first cut since 1989.

A weaker tone has returned to the base metals on the London Metal Exchange this morning, Thursday May 18, with all the metals prices, except tin, lower.