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Metal & Steel News

Waste & RecyclingMetals & SteelPrecious MetalsMining
Thyssenkrupp May Have to Pay Up to Forge Steel Business Deal

Thyssenkrupp May Have to Pay Up to Forge Steel Business Deal

For the past decade efforts to merge the division with, or sell it to, a rival, or list the business or spin it off have all failed.
AISI: U.S. Steel Import Permits Dipped

AISI: U.S. Steel Import Permits Dipped

Sheet and strip all other metallic coatings reported largest increase in November permits over the prior month, surging higher by almost 51%.
Chile Targets Million-Tonne Copper Boost in Tightening Market

Chile Targets Million-Tonne Copper Boost in Tightening Market

Chilean copper commission Cochilco estimates national production will rise 1% to 5.4 million tons this year and increase 4.3% next year to 5.6 million tons.
AISI Comments on “Clean Competition Act” Introduced Today

AISI Comments on “Clean Competition Act” Introduced Today

Kevin Dempsey, president and CEO of the American Iron and Steel Institute, issued the following statement on the “Clean Competition Act” introduced today by Senator Sheldon Whitehouse (D-RI).
ArcelorMittal Nippon Steel to Spend INR 100 Cr On Three Scrap-Processing Centres

ArcelorMittal Nippon Steel to Spend INR 100 Cr On Three Scrap-Processing Centres

While India clocked high imports of about 7 MTPA of steel scrap in 2022-23, companies anticipate imports will drop and are looking at ways of processing scrap within the country.
U.S. Steel Shipments Surged in October, Says AISI

U.S. Steel Shipments Surged in October, Says AISI

The cumulative shipments by U.S. domestic steel mills totalled 74.129 million net tons during the initial ten months of the current year.
Megaprojects Drive up Demand for Steel

Megaprojects Drive up Demand for Steel

That’s true even after a short reprieve following labor stoppages at some plants.
Funding Sought to Revive Nigeria’s Ajaokuta Steel Mill

Funding Sought to Revive Nigeria’s Ajaokuta Steel Mill

The aid from financial institutions are expected to help the state restart the mill operations to produce iron rods.
Chilean Startup to Scale-Up Tech to Boost Copper Production and Save Water

Chilean Startup to Scale-Up Tech to Boost Copper Production and Save Water

The process is faster than the current concentrator and smelting method and Undurraga says it wouldn't require additional infrastructure.
Schumer Pushes for Alcoa, U.S. Aluminum Manufacturers to Get Clearer Details on New Tax Credit

Schumer Pushes for Alcoa, U.S. Aluminum Manufacturers to Get Clearer Details on New Tax Credit

The credit was part of the Inflation Reduction Act passed by Congress last year.
Bekaert Exits From Steel Wire JV in Chile and Peru

Bekaert Exits From Steel Wire JV in Chile and Peru

An agreement was reached on March 1, 2023, and closing, after having obtained regulatory approvals, occurred on November 10, 2023.
AISI: U.S. Raw Steel Output Posted Notable Surge

AISI: U.S. Raw Steel Output Posted Notable Surge

The leading producer was the Southern region, with an output of 767,000 net tons.
Primary Steel Industry to Face Challenges in H2 Amid Weak Market: ICRA

Primary Steel Industry to Face Challenges in H2 Amid Weak Market: ICRA

While seaborne coking coal prices have been volatile since Q2 FY2024, thermal coal prices have remained more range-bound.
Hydro Completed Multi-Million Dollar Agreement with Glencore

Hydro Completed Multi-Million Dollar Agreement with Glencore

The transaction will not result in any remeasurement or recognized gain.

Metal Prices

Base Metals
Alumina 98.5% min393.86$US/MT
Aluminum Alloy A3563204.9045$US/MT
Aluminum Alloy ADC122532.76$US/MT
Minor Metals
Ammonium heptamolybdate 54% min34895.33$US/MT
Ammonium metavanadate 98% min12298.37$US/MT
Ammonium Tetrathiomolybdate 56% min34372.10$US/MT
High Purity Metals
Aluminum ingot purity 999990041900.00EUR/Kg
Aluminum oxide purity 990000012100.00EUR/Kg
Aluminum powder -325 mesh purity 99500008000.00EUR/Kg
Rare Earth
Cerium carbonates TREO 45% min, CeO2 / REO 100%525.00$US/MT
Cerium Metal 99% min 3150.00$US/MT
Cerium oxides 99.9% min535.50$US/MT

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