The base metals are for the most part weaker this morning, Friday September 22, the exceptions are tin that is up by 0.2% and zinc that is little changed, while the rest are down by an average of 1.1%. Losses are fairly tightly grouped with prices off between 0.9% and 1.5%. Three-month copper prices are down by 0.9% at $6,397 per tonne.

Shenzhen Stock Exchange-listed Jiangsu Shagang, the listed arm of China’s largest privately-owned steelmaker Shagang Group, predicted a rise in its net profit for the first half of 2014.

The sharp declines in the European ferro-vanadium market have paused with prices only moving down slightly last week. Meanwhile, the Chinese ferro-vanadium export market stabilized on firm offers.

Ever since the emissions scandal roiled Volkswagen in 2015, OEMs have been acutely aware of the need to protect their reputations and toe the ESG line

The annual convention of the Institute of Scrap Recycling Industries (ISRI) made its biennial visit to the lights and glamour of Las Vegas, in the US state of Nevada, from Saturday April 14 until Thursday April 19.

The latest news and price moves to start the Asian day on Friday June 15.

The base metals prices on the London Metal Exchange are, for the most part, little changed this morning, Wednesday May 17, the exception is nickel where three-month prices are down 0.9% at $9,085 per tonne.

The regional steel billet markets mostly fell quiet last week because of the start of the Islamic holy month of Ramadan and the persistence of high export offer prices from China.

Global scrap prices continued to climb with increasing demand in the major import markets during the working week from Monday June 26 to Friday June 30.

Steel billet prices in the global markets showed mixed dynamics in the week from Monday June 4 to Friday June 8, due to weak trading activity in Asia and strengthening sentiment in Turkey and the CIS region.