Most global steel billet markets were shaken by a surge of low-priced offers from Turkey in the week from Monday August 13 to Friday August 17, a reaction to new tariffs imposed by the United States against imports of Turkish steel.The Middle Eastern country, which previously imported billet, resumed export offers but at much lower prices. Buyers have shown interest in this material in most region...Read More
Most global steel billet markets were shaken by a surge of low-priced offers from Turkey in the week from Monday August 13 to Friday August 17, a reaction to new tariffs imposed by the United States against imports of Turkish steel.The Middle Eastern country, which previously imported billet, resumed export offers but at much lower prices. Buyers have shown interest in this material in most region...Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Monday August 20, boosted by growing optimism over US-Sino trade relations amid a slight retreat in the dollar index. ...Read More
Alumina prices fob Australia continued to rise on Monday August 20 due to increased tightness in the spot market, with expectations of further price rises in the coming weeks. ...Read More
Workers will not strike at Escondida, the world's largest copper mine, after an agreement was sealed between the union and operator BHP late last week. A new collective contract was signed on the afternoon of Friday August 17 between the company and Union No 1 representing around 2,500 Escondida mine workers, BHP said in a statement on Friday. The miner declined to provide details of the agreement...Read More
Sellers of UG2 chrome ore have lowered their offers over the past week while the yuan softened against the dollar and inventories continued to rise....Read More
High growth in demand for lithium batteries is spurring a three-fold growth in mine production of the material over the next four years, according to analytics firm GlobalData. According to the company, 86,000 tonnes of new lithium metal capacity is slated to come on stream, tapping into the push toward the electrification of mobility, and in particular, growth in the development of batteries for...Read More
Chinese vanadium export prices declined last week amid sluggish demand and lower prices outside the country, while European prices were marginally softer with the summer lull continuing to weigh on prices. ...Read More
Alumina prices fob Australia continued to rise on Monday August 20 due to increased tightness in the spot market, with expectations of further price rises in the coming weeks. ...Read More
An "independent body" will decide in six weeks' time whether to close Sterlite's Tuticorin copper smelter in the southern Indian state of Tamil Nadu, according to local media reports on Monday August 20....Read More
The effect of the recent crackdown on antimony smuggling at the China-Vietnam border was still being felt in Chinese and European markets last week, Metal Bulletin discovered. ...Read More
Turkish steel producers did not participate in the market on Monday August 20 and many expected there to be no trading this week because of the Islamic Eid al-Adha holiday....Read More
The global steel and ferrous scrap markets have been turned upside down on a flurry of unexpected trade flows caused by a combination of economic jitters in Turkey, trade defences by the United States and production cuts in China....Read More
High growth in demand for lithium batteries is spurring a three-fold growth in mine production of the material over the next four years, according to analytics firm GlobalData. According to the company, 86,000 tonnes of new lithium metal capacity is slated to come on stream, tapping into the push toward the electrification of mobility, and in particular, growth in the development of batteries for...Read More
The export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States softened during the week ended Monday August 20 on low demand in the Middle East-North Africa (Mena) region....Read More
China's hot-rolled coil prices surged on Monday August 20, after production cuts led to a pick-up in domestic trading and fewer deals were heard in the export market, sources said....Read More
Major Chinese steel mills raised their crude steel output rates in early August, while their finished steel inventories increased at the same time....Read More
Turkey has requested dispute consultations with the United States at the World Trade Organization (WTO) regarding the doubling of US duties on certain imported steel and aluminium products, the trade group said on Monday August 20."Turkey claims that the measures are inconsistent with a number of provisions of the WTO's Agreement on Safeguards and the General Agreement on Tariffs & Trade [Gatt] 19...Read More
CIS export wire rod and rebar prices fell in the week ended Monday August 20 following the crash in the Turkish market that was triggered when the United States doubled to 50% its import duty on Turkey-origin steel imports....Read More
The latest metal markets news and price moves to start the North American day on Monday August 20....Read More