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NCM Black Mass: Rising Payables And A Tight Asian Market
The Asian NCM (nickel-cobalt-manganese) black mass market recorded firmer payable levels over the past week, supported by higher Japanese offers and a constructive sentiment across base metals. Despite the gradual return from Lunar New Year holidays, price momentum...
Base Metals In Shanghai: Tin Rallies While The Rest Of The Complex Retreats
Morning trading on February 27 at the Shanghai Futures Exchange opened on a generally negative tone for base metals. Most of the most-traded contracts posted losses, with tin and copper the only positive exceptions amid a strengthening US dollar. At 10:30am Shanghai...
Italy: Rebar Declines, Wire Rod Tightens And Merchant Bars Move Higher
The Italian rebar market continues to lose ground, with prices down by about €10 per tonne week on week. Operators report that €290/t ex-works has become standard, with some transactions even heard at €280/t, highlighting clear market pressure. Sentiment remains weak:...
Ternium Between Brazil And Argentina: Trade Defense, Price Pressure And Strategic Integration
In the fourth quarter, steel shipments in Brazil reached 965,000 tonnes, slightly down from 994,000 tonnes in the previous quarter but broadly stable year on year. For the full year 2025, shipments totaled 3.94 million tonnes, virtually unchanged from 2024. However,...