The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transactions: iron oreIron oreRio Tinto, bilateral sale, 170,000 tonnes...Read More
Participants in the seaborne coking coal spot market retreated to the sidelines following a flurry of transactions in the first half of this week."After end-users reentered the market in the last couple of days, and news that coke prices are on the rise[in China's Hebei and Shanxi province], there has been a boost in sentiment but we still prefer to wait a bit more," a Beijing-based trader told Me...Read More
ArcelorMittal's market-priced iron ore shipments increased 5.4% year on year to 10 million tonnes in the second quarter of 2018, the company said on Wednesday August 1.The company expects its market-priced iron ore shipments for the full year of 2018 to rise 10% year on year from 35.7 million tonnes in 2017.The company has mining operations in the United States, Canada, Mexico, Brazil, Liberia and...Read More
China's ferrous futures weakened further during morning trading on Thursday August 2.Futures closing prices - morning sessionShanghai Futures Exchange October rebar: 4,117 yuan ($604) per tonne, down 13 yuan per tonneOctober hot-rolled coil: 4,157 yuan per tonne, down 7 yuan per tonne Dalian Commodity Exchange September iron ore: 473 yuan per tonne, down 2 yuan per tonne September coking coal: 1,1...Read More
Due to an input error, Metal Bulletin's Shanghai aluminium bonded stocks assessment was published incorrectly on Monday July 2.Metal Bulletin has corrected its Shanghai aluminium bonded-stocks assessment, which was published incorrectly on July 2 due to an input error.The assessment should have been 4,500-5,500 tonnes, not 4,500-5,600 tonnes as it appeared previously.Metal Bulletin's price book an...Read More
Terms for blister copper refining charges (RCs) in China dropped notably month on month in July while declining copper scrap imports gave rise to additional demand for overseas blister copper.Metal Bulletin assessed the monthly blister copper 98-99% spot RC, cif China, at $200-210 per tonne on July 31, with African tonnages reported sold within the range in July. One major blister copper buyer in...Read More
Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.7% on the morning of Thursday August 2. Zinc led the gains with a 1.3% increase to $2,572 per tonne, while copper was up by 0.7% at $6,168 per tonne.This follows a downbeat day on Wednesday when the complex closed with losses averaging 2.7%, led by a 4.8% drop in nickel and 3.6% fall in zinc. Th...Read More
INTL FCStone Ltd is developing a technology platform designed for its London Metal Exchange customers as it turns its focus to building out its global metals business following an internal restructuring. The company's newly appointed global head of metals Barry Canham told Metal Bulletin in an interview that the technology-led approach for LME clients would be similar to that already adopted for t...Read More
Cobalt trade log including business, bids and offers reported to Metal Bulletin.Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back.Metal Bulletin prices Click here for Metal Bulletin's price assessment for low-grade cobalt, in-warehouse, $ per lbClick here for Metal Bulletin's price assessment for high-grade cobalt, in-warehouse, $ per lbIn li...Read More
Spain-based stainless steel producer Acerinox is hopeful that positive effects will be seen in the European market arising from the safeguarding measures announced by the European Commission on July 18.The producer noted in its 2018 half-year financial results, released on July 27, that stainless steel import volumes into Europe have been high and that this has exerted downward pressure on prices....Read More
Tool steels and high-speed steels producer B??hler Edelstahl, a subsidiary of Voestalpine's special steel division, intends to open a stainless steel mill with capacity for 205,000 tonnes per year in Kapfenberg, Austria, by mid-2021, equipment provider SMS Group said late last week.B??hler Edelstahl produces round and flat bars and wire products for applications in the aerospace and automotive ind...Read More
Metal Bulletin has today discontinued its weekly assessment for 2mm grade 304 cold-rolled stainless sheet export fob Northern European ports.After a consultation period, Metal Bulletin has suspended its EU export price assessment for grade 304 stainless steel cold-rolled sheets. European exports of commodity-grade stainless steel products such as 2mm grade 304 cold rolled stainless sheet have fall...Read More
Metal Bulletin has today launched a weekly assessment price for EU domestic grade 304 stainless steel cold rolled sheet (2mm) transaction ?,? per tonne delivered North Europe. After a consultation period, Metal Bulletin has launched a weekly assessment for Northern EU domestic stainless steel grade 304 cold-rolled sheet transaction price, which will comprise Metal Bulletin's weekly base price asse...Read More
The copper and brass scrap markets remained mostly steady in the United States, with market participants searching for clarity in the wake of a steep drop in Comex copper prices over the past week.The September-delivery Comex contract closed at $2.7475 per lb on Wednesday August 1, down 2.5% from $2.8175 per lb on July 25. The contract reached $2.8315 per lb on July 31 before falling to $2.7375 pe...Read More
Key data from the Wednesday August 1 pricing session in Shanghai.Key drivers - Export market has been pressured by an escalating trade war between China and the United States after the latter pledged to raise the proposed tariff on $200 billion worth of Chinese goods to 25% from an initial 10%.- Chinese producers refused...Read More
Demand for flat steel in Turkey will remain moderate throughout August, but prices are not expected to fall because there is strong export demand, market participants told Metal Bulletin on Thursday August 2.Local producers have filled their order books until the end of September, and are planning to increase their prices for October bookings, despite weak local demand.Stock levels are not high in...Read More
Domestic long steel prices in EU markets are expected to remain around current high levels over the August holiday period, although mills could push through further price rises in September, market sources told Metal Bulletin this week."Customers are starting to go on holiday. We haven't heard new inquiries but we expect the [rebar] price to be maintained, and then perhaps to rise in September," a...Read More
In a statement released following the conclusion of this month’s FOMC meeting, the Fed announced that Fed funds would remain unchanged. “In view of realized and expected labor market conditions and inflation, the committee decided to maintain the target range for the federal funds rate at 1-3/4 to 2 percent.”However, they also signaled the need for further interest rate hikes. &l...Read More
(Kitco News) - Kinross Gold Corp. (TSX: K, NYSE: KGC) Wednesday reported a decline in its second-quarter adjusted profit as revenue fell along with the number of gold-equivalent ounces that were mined.Adjusted net earnings fell to $37.8 million, or 3 cents per share, compared with $54.9 million, or 4 cents, in the second quarter of 2017. Net earnings, including special items, were $2.4 million, or...Read More
Copper Trading – Buy Copper at CMP 418.20 for Target 420.50 – 421.50 with SL below price 415.90 Read More