The latest metal markets news and price moves to start the North American day on Thursday July 26. ...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for June Durable Goods Orders was an increase of 2.8% versus a drop of 0.4% in May. Actual was up 1.0%. Excluding transportation, consensus for June Durable Goods Orders was an increase of...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
Trading activity in the physical iron ore market cooled further on Thursday July 26 amid China's lackluster steel and futures markets, as well as production restrictions in the country's steelmaking hub....Read More
The second-tier segment in the seaborne coking coal spot market saw a flurry of trades involving its top brand after more than two months of inactivity. ...Read More
Vale's second-quarter earnings increased 42.98% year-on-year amid higher iron ore output volumes and increased premiums for quality material....Read More
Fortescue Metals Group (FMG) shipped 170 million tonnes of iron ore in its financial year ended June 30, in line with its guidance....Read More
Base metals prices drifted on the London Metal Exchange during the morning session on Thursday July 26 despite yet another fresh cancelation of almost 50,000 tonnes of aluminium....Read More
Cobalt market veteran and industry expert Tony Southgate will join London-based Stratton Metals as a senior trader on August 28, Metal Bulletin has learnt....Read More
Chinese cobalt salts prices fell in the first half of this week after a wave of destocking hit the market amid bearish sentiment due to declining international cobalt metal prices and weak seasonal demand....Read More
Three-month base metals prices on the London Metal Exchange were mixed on the morning of Thursday July 26, with lead leading on the upside with a 0.7% gain to $2,168 per tonne, while tin was the worst performer with a decline of 0.4% to $19,765 per tonne. Copper was up by 0.2% at $6,316 per tonne - the high earlier this morning being $6,378 per tonne.Volume has, however, been above average - some...Read More
Cobalt Blockchain Inc (COBC) has received final approval for its application for a cobalt and copper export trading license in the Democratic Republic of the Congo (DRC). ...Read More
China's ferrous futures largely moved within a narrow range in negative territory during the morning trading session on Thursday July 26....Read More
Import prices for stainless steel in East Asia fell over the past week, with Chinese suppliers becoming more eager to export due to the depreciating yuan while buying interest remained scant....Read More
Domestic stainless steel prices in China widened upward over the past week following news of an anti-dumping investigation into imports of such products. ...Read More
Key data from the Wednesday July 25 pricing session in Shanghai....Read More
German metals distributor Kl??ckner expects its 2018 earnings to be supported by higher demand and steel prices in both Europe and the United States, the company's two main markets, it said on July 24.As an example, Metal Bulletin's weekly price assessment for domestic hot-rolled coil (HRC) in Northern Europe has averaged at ?,?559.17 ($653.57) per tonne ex-works in the second quarter 2018, alread...Read More
Deal activity in the metals sector was lower in the second quarter due to heightened trade conflicts in North America, Asia, and Europe, according to a report by consultancy PwC. The value of mergers and acquisitions (M&A) in metals slumped by 51% in the period to $8.1 billion, although it was still up 69% compared to the year-earlier period. Most of the highest value deals in 2018 so far have bee...Read More
Brazilian crude steel production increased by 10.2% year on year in June, according to figures released by national steel association A??o Brasil on Wednesday July 25. Output totaled 2.92 million tonnes in June, up from 2.65 million tonnes a year before. In the same comparison, finished steel output grew by 4.6% to 1.88 million tonnes, from 1.80 million tonnes. Production of flat steel products to...Read More
German metals distributor Kl??ckner expects its 2018 earnings to be supported by higher demand and steel prices in both Europe and the United States, the company's two main markets, it said on July 24.As an example, Metal Bulletin's weekly price assessment for domestic hot-rolled coil (HRC) in Northern Europe has averaged at ?,?559.17 ($653.57) per tonne ex-works in the second quarter 2018, alread...Read More