The Sukpo zinc smelter in South Korea, which has links to major producer Korea Zinc, has been closed and will remain so until September for environmental reasons, a company source told Metal Bulletin....Read More
China's silicon export market was stable in the week to Friday August 10 amid slow trading although Chinese market participants expect prices to rebound once buying activity picks up toward the end of August....Read More
Physical cobalt prices dropped again last week with opportunities to restock with competitively-priced cobalt units from China continuing to fuel aggressive selling in Europe. Metal Bulletin assessed low-grade and high-grade cobalt metal prices at $33.50-35.05 per lb, in-warehouse, on Friday August 10. Low-grade prices were at $33.85-35.15 per lb, in-warehouse, midweek, and high-grade st...Read More
The deep-sea scrap market remained quiet on Monday August 13, with the political crisis between the United States and Turkey sendng the Turkish lira even further down against the US dollar....Read More
The Turkish domestic scrap market has plunged with the latest downturn in the country's currency in the past week, sources said on Monday August 13. ...Read More
UK ferrous scrap prices for deliveries in August have dropped due to a combination of seasonally slower domestic demand and lower dock prices to destinations such as Turkey and the Indian subcontinent, trade sources told Metal Bulletin this week....Read More
Comex copper prices moved higher on Monday August 13 with geopolitical chaos in Turkey shaking up markets. ...Read More
Physical cobalt prices dropped again last week with opportunities to restock with competitively-priced cobalt units from China continuing to fuel aggressive selling in Europe. Metal Bulletin assessed low-grade and high-grade cobalt metal prices at $33.50-35.05 per lb, in-warehouse, on Friday August 10. Low-grade prices were at $33.85-35.15 per lb, in-warehouse, midweek, and high-grade st...Read More
Buyers that are active in the export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States have been rejecting high offers because of slow demand and the threat of price declines in Turkey....Read More
China's hot-rolled coil prices picked up on Monday August 13 after the local government in Tangshan, the country's steelmaking hub in the northern region, stepped up efforts to restrict steel production....Read More
China's ferrous futures, particularly the steel contracts, trended upward during morning trading on Monday August 13, amid expectations of a further drop in supply of steel from the country's production hub of Tangshan. ...Read More
CIS export rebar and wire rod prices remained unchanged week on week because offers were stable, however, customers in the Black Sea market showed little interest in import material after considering the situation after doubling import duties for Turkish material in the US on Friday....Read More
Market participants in Asia are anticipating a surge in deliveries of lower-priced Turkish ferrous scrap and rebar in the coming weeks as Turkey's economic troubles continue."With the Turkish lira plunging... it is highly possible that ferrous scrap prices in Asia may drop further, [leading to] cheaper rebar offers to Asia," a trader based in Southeast Asia said.The Turkish lira has lost abou...Read More
China's domestic rebar market strengthened on Monday August 13 following gains upstream in the billet segment and upward price revisions by major mills, coupled with surging futures during the day....Read More
The deep-sea scrap market remained quiet on Monday August 13, with the political crisis between the United States and Turkey sendng the Turkish lira even further down against the US dollar....Read More
The Turkish domestic scrap market has plunged with the latest downturn in the country's currency in the past week, sources said on Monday August 13. ...Read More
UK ferrous scrap prices for deliveries in August have dropped due to a combination of seasonally slower domestic demand and lower dock prices to destinations such as Turkey and the Indian subcontinent, trade sources told Metal Bulletin this week....Read More
China's domestic rebar market strengthened on Monday August 13 following gains upstream in the billet segment and upward price revisions by major mills, coupled with surging futures during the day....Read More
Slab prices are seeing opposing trends in major markets due to quotas in the United States, planned outages in Russia and Ukraine, and heightened caution in Asia. ...Read More
Metal Bulletin's manganese ore indices lacked direction in the week ended Friday August 10 prior to September offers, while market participants queried whether fundamentals or traders taking positions had supported alloys on the Chinese spot market. ...Read More