Pasar copper smelter in the Philippines is expected to operate at a reduced capacity during the second half of the year while the company makes repairs to its sulfuric acid cooling plant, Metal Bulletin has learned. Pasar, which is 78% owned by Swiss miner-trader Glencore, halted output in January due to a failure in the smelter's sulfuric acid cooling plant. Despite restarting in February, t...Read More
India is proposing increases for import duties on 30 products from the United States including certain steel goods, in a tit-for-tat move against the latter's Section 232 tariffs on steel and aluminum.Flat-rolled coated steel, stainless hot-rolled steel coil, grain-oriented electrical steel, steel spring and several other structural and construction steel products will be subject to a 15% increase...Read More
A few deals for cif main Japanese ports (MJP) aluminium premiums for July-September delivery have been done at $132 per tonne by one major producer with buyers, according to four sources familiar with the matter. The $132 per tonne quarterly aluminium premium represents a 2.3% increase from the second-quarter MJP premium, which had settled at $129 per tonne."I heard 2 deals by this producer at $13...Read More
The latest metal markets news and price moves to start the North American day on Friday June 22.Nickel prices on the London Metal Exchange gained momentum during morning trading, edging 1.9% higher while copper, lead and tin prices also found support.Nickel's three-month price topped the broadly positive trading across the complex, despite a strong appreciation in the US dollar dampening sentiment...Read More
Local secondary billet prices in India fell by about 900 rupees ($13) per tonne this week on account of reduced inquiries and minimal buying from finished product makersThe price assessment for domestic secondary billet in India (mainly produced via an induction furnace) stood at 35,800-36,000 rupees per tonne ex-mill on June 22, a drop of 900 rupees per tonne from 36,700-36,900 rupees per tonne e...Read More
Flat steel prices in Turkey's domestic and export markets increased this week, with demand moderate ahead of the elections on Sunday June 24, sources told Metal Bulletin on Monday June 22. Domestic producers are accepting orders for September production, and have already filled most of their orderbooks for September. Domestic prices Hot-rolled coil (HRC) producers in Turkey sold material at $617-6...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDG, PPGIHot-rolled coil Turkey, domestic, hot-rolled coil, traded at $617-625 per tonne ex-works, September production. Turkey, domestic, hot-rolled coil,...Read More
The UK light iron scrap market was stable in the week to Friday June 22 for the 11th week in a row, with market sentiment suggesting an increase next week in line with expected renewed demand from Turkey, sources said.Metal Bulletin's weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?90-120 ($119-158) per tonne on Friday. This compares with the low for the year...Read More
Coated coil prices in Turkey increased this week, but demand was moderate due to the upcoming elections on Sunday, June 24, sources told Metal Bulletin on Friday June 22. Domestic prices One northern Turkish producer was offering 0.50mm hot-dipped galvanized coil (HDG) at $760-770 per tonne ex-works, up from $745-750 per tonne ex-works last week. Southern Turkish producers were offering the same m...Read More
Domestic rebar prices in Poland have remained largely unchanged over the past week due to seasonally strong market activity, sources told Metal Bulletin on Friday June 22.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,240-2,300 zloty ($599-615) per tonne ex-works on June 22, compared with 2,230-2,300 zloty per tonne ex-works.The assessment reflects tra...Read More
Italian wire rod producers Feralpi and Caleotto - the latter a joint venture between Feralpi and steel trader Duferco - have each ordered new four-stand wire rod rolling lines and water-cooling equipment.The Meerdrive Plus wire rod rolling lines ordered by the two companies are "capable of rolling wire rod diameters from 4.5mm up to 27mm at speeds up to 120 meters per second," technology supplier...Read More
European import prices for austenitic alloy steel scrap narrowed slightly higher this week, with sources noting limited supply, however, the market is largely stable, with participants awaiting the third-quarter ferro-chrome benchmark settlement.Expectations for the ferro-chrome benchmark - a significant driver of steel scrap prices - had previously been for a substantial decrease amid weak spot p...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base MetalsThe Pasar copper smelter in the Philippines is likely to operate at a reduced capacity during the second half of the year while the company makes repairs to its sulfuric acid cooling plant.A few deals for cif main Japanese ports aluminium premiums for July-September delivery have...Read More
The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday June 22.Noble alloysMolybdenum Europe drummed molybdic oxide, $/lb: $10.95-11.05 per lb from $11.10-11.20Molybdenum US canned molybdic oxide, $/Ib $11.20-11.40 per Ib from $11.40-11.60Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $27.00-27.35 per kg from $27.40-27.70Ferro-molybdenum US 65-70...Read More
China's domestic spot battery-grade lithium hydroxide prices fell on Thursday June 21 following the recent downtrend in the lithium carbonate market as well as because of quiet buying activity among downstream consumers. Lithium hydroxide prices fell on lower offers and deals. Lithium carbonate prices stable in China due to slow market activity. Downstream consumers held off from buying in anticip...Read More
Prices for containerized shredded scrap imports into India edged up this past week, with market activity beginning to pick up once more following a lull in trading, market sources told Metal Bulletin on Friday June 22.Metal Bulletin's weekly index for containerized imports of shredded scrap into India was up by $2.03 per tonne to $381.99 per tonne cfr Nhava Sheva on June 22, from $379.96 per tonne...Read More
Export prices for Brazilian pig iron have fallen this week amid fresh trading activity.Metal Bulletin's weekly price assessment for Minas Gerais-origin pig iron was $375-380 per tonne on Friday June 22, down from last week's $390-395 per tonne fob.At least two cargoes involving material produced in Brazil's southeastern Minas Gerais state sold at $375-380 per tonne fob,...Read More
High-grade fines and lumps continued to outperform other types of materials in the iron ore market on Friday June 22.Metal Bulletin 62% Fe Iron Ore Index: $65.34 per tonne cfr Qingdao, up $0.46 per tonneMetal Bulletin 58% Fe Premium Index: $53.57 per tonne cfr Qingdao, down $0.01 per tonneMetal Bulletin 65% Fe Iron Ore Index: $89.60 per tonne cfr Qingdao, up $1.90 per tonneMetal Bulletin 62% Fe Ch...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. Latest transaction: iron oreIron oreRio Tinto, tender, 190,000 tonnes of 61% Fe Pilbara Blend fines, sold at $62.51 per tonne cfr China,...Read More
Vietnam imported 389,685 tonnes of ferrous scrap in May, down 3.42% from 403,480 tonnes a year earlier.Japan continued to be the largest supplier of ferrous scrap to Vietnam, sending 94,304 tonnes of the steelmaking raw material last month, little changed from the 94,408 tonnes shipped to Vietnam in May last year.Hong Kong was the second-largest supplier, sending 60,471 tonnes in May, up...Read More