German steelmaker Salzgitter expects that its strip business unit will achieve higher sales in 2018 supported by the European Commission's safeguard case, the company said on Monday August 13....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
CIS export billet market was quiet on Monday August 13 amid the uncertainty created by the news about the US doubling import duties for Turkish steel on Friday....Read More
Import prices for steel billet in Southeast Asia were unchanged again on Monday August 13 due to slow trading activity, although participants expect prices to fall soon. ...Read More
The Eurasian Economic Commission (EEC) has started a safeguard investigation into flat steel imports to members of the Eurasian Economic Union, the commission said on August 7....Read More
China's car production and sales posted sharp monthly decline and slight yearly drop in July, according to the China Association of Automobile Manufacturers (CAAM)....Read More
Ample supply and weak demand continued to push ammonium paratungstate prices down in the week ended Friday August 10. ...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 2 points in pre-opening trade. Index futures are responding to an additional 8% drop in the Turkish Lira in overnight trading. VF Corp. (VFC $96.29) is expected to open lower after announcing spin off its jeans division into a separate publicly traded unit.Deere (DE $137.05) is expected to open lower after JP Morgan l...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday August 13.Base metals prices on the Shanghai Futures Exchange were mixed during morning trading on Monday, with a firmer dollar and uncertainty surrounding escalating global trade tensions fueling a reduction in investors' appetite for the base metals.Check Metal Bulletin's live futures...Read More
Metal Bulletin proposes to launch two low-vol pulverized coal injection (PCI) indices on a cfr China and fob Australia basis. Following market feedback on the need for credible reference prices, Metal Bulletin is today proposing to launch two new PCI indices - Metal Bulletin low-vol Index PCI cfr China and Metal Bulletin low-vol Index PCI fob Australia.The proposed specification is as below:...Read More
Iron ore prices rose at Chinese ports but softened in the seaborne market on Monday August 13, following news of tighter restrictions on blast furnaces at some mills in China....Read More
Domestic prices for ferrous scrap in Italy have stayed unchanged over the past month due to the slow market, sources told Metal Bulletin this week....Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More
The seaborne iron ore concentrate market continued to see a discount against prices for 65% Fe fines last week, with demand in China for the former not as robust as that for high-grade Brazilian products. ...Read More
Concerns over long vessel queues at various shipping ports in Queensland, Australia have again emerged among participants of the seaborne coking coal market. ...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 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
Antimony prices in Europe jumped last week on news of China's smuggling crackdown efforts, while prices in China fell again on oversupply concerns....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