Base metals prices on the London Metal Exchange are for the most part weaker this morning, Tuesday September 19. The exceptions are aluminium and copper prices that are up by 0.6% and 0.1%, respectively, with the latter at $6,537 per tonne. The rest of the complex are off between 0.3% for zinc prices and 0.9% for nickel prices. Volume has been above average with 8,054 lots traded as of 06:27 BST.

The latest news and price moves to start the Asian day on Friday January 26.

Emirates Steel Industries has appointed Saeed Ghumran Al Remeithi as ceo, the first Emirati citizen to take the top job

Billet producers in the Gulf Cooperation Council (GCC) countries have become more active in export markets this year amid a slowdown of construction activity in the region, Fastmarkets has learnt.

The Brazilian long steel market was largely stable in January, but prices are now expected rise and a government decision on whether to allow ArcelorMittal Brasil to take control of Votorantim Siderurgia's long steel assets is imminent.

Ukraine-based energy company DTEK has started to supply anthracite coal to ArcelorMittal’s subsidiary operations in Mexico.

Russia’s apparent steel consumption is expected to grow by 5% to 7% annually in the mid-term, according to Metal Expert Consulting senior analyst Vladimir Terlovoy.

The gap between scrap and iron ore prices is damaging the competitiveness of scrap-based long steel, the International Rebar Exporters & Producers Assn (Irepas) said this week.

Profits of member mills of the China Iron & Steel Assn (Cisa) rose in May, as the drop in iron ore costs outpaced those of finished steel products.

The base metals on the London Metal Exchange are firmer this morning, Wednesday July 12, with prices up an average of 0.3%, led by 0.5% gains in copper ($5,906 per tonne) and lead ($2,321 per tonne).