Metal Bulletin reviews some of the key news and price moves from the past week in the global steel market.

Domestic prices for vanadium products in China in mid-August were showing little change since mid- to late-July this year, with alloy suppliers struggling to hold prices firm amid comparatively stable prices for vanadium pentoxide (V2O5).

The latest news and price moves to start the Asian day on Friday March 16.

Three-month base metals prices on the London Metal Exchange were down across the board by an average of 0.7% during morning trading on Friday October 26.

Due to forthcoming public holidays in China, our weekly Chinese steel prices will not be assessed on October 4. The prices published on our website will be the same as September 27.

The latest news and price moves to start the Asian day on Tuesday July 17.

The latest news and price moves to start the Asian day on Tuesday September 25.

Chinese industrial profits were down by 14% in January-February compared with a year ago, marking the biggest fall since 2011. The data paints a worrying picture while the negative economic impact from China’s deleveraging activities in 2018, as well the bitter US-China trade war, continue to take a heavy toll on major industrial sectors.

The rallies in the base metals on the London Metal Exchange have generally continued in early trading today, Friday August 25, with prices up by an average of 0.4%, with aluminium, zinc, lead and copper prices up between 0.6% to 0.8%, while nickel is off 0.5% and tin is little changed. Three-month copper prices are at $6,740 per tonne.

Base metals traded on the London Metal Exchange are broadly higher this morning, Thursday August 24, with three-month copper, zinc, lead and tin prices up by between 0.2% and 0.5%, with copper prices at $6,612 per tonne, while aluminium and nickel prices are by off 0.3% and 0.6%, respectively.