The Chinese domestic ferro-silicon market continued to strengthen after environmental regulators in the country enforced production cuts, while the US and European markets were largely stable amid thin trading activity. China domestic market bolstered by enforced cutbacks European FeSi market stabilizes amid quiet spot demand US spot market firms on elevated replacement costs Chinese domestic pric...Read More
The Chinese domestic ferro-silicon market continued to strengthen after environmental regulators in the country enforced production cuts, while the US and European markets were largely stable amid thin trading activity. China domestic market bolstered by enforced cutbacks European FeSi market stabilizes amid quiet spot demand US spot market firms on elevated replacement costs Chinese domestic pric...Read More
Manganese ore prices stabilized in China for the first time in several weeks after reclaiming some losses a week ago. Ore prices stable in China after brief rebound Chinese silico-manganese prices rise on higher offers Indian silico-manganese prices stabilize after weeks of decline European alloy prices steady Ferro-manganese prices drop in US, while silico-manganese edges up Manganese ore prices...Read More
Turkish deep-sea scrap imports prices have gone up as expected, following the decision by the United States to impose Section 232 import tariffs on steel from Canada, the EU and Mexico, sources said on Tuesday June 5.Scrap demand in Turkey was expected to pick up after the US imposed tariffs of 25% on steel imports and 10% on aluminium imports on June 1. It was expected that Turkish steel mills wo...Read More
Comex copper prices ticked higher on Tuesday June 5, while concerns over material supply loom following disruptions in Chile and India.Copper for July settlement on the Comex division of the New York Mercantile Exchange rose 4.05 cents or 1.29% to $3.175 per lb."Copper finished higher yesterday as Chilean labor talks come...Read More
London Metal Exchange three-month base metals prices pared gains during morning trading on Tuesday June 5, with copper, nickel and zinc prices consolidating lower, while the rest were largely unchanged. On average, the base metals prices were down by 0.1%, while total trading volume was low, with only 5,496 lots traded as at 06.32am London time.With the dollar index trading above 94.00 again, it i...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia increased slightly this week but demand was limited because of the damping effect on business of the Islamic holy month of Ramadan, sources told Metal Bulletin on Tuesday June 5.Buyers prefer to postpone bookings during the holy month, which started in mid-May.Working hours are reduced in Saudi Arabia; Ramadan is always a slow m...Read More
China's domestic hot-rolled coil prices were flat on Tuesday June 5 amid soft demand and a fluctuating futures market. Domestic Eastern China (Shanghai): 4,260-4,290 yuan ($664-669) per tonne, unchanged Northern China (Tianjin): 4,170-4,190 yuan per tonne, unchanged Weak downstream demand had buyers keeping their procurement rates low during the day, market sources said.HRC futures also did not di...Read More
China's iron ore futures posted some recovery during morning trading on Tuesday June 5 after losing ground a day earlier, which also dragged down port prices in the country. Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,718 yuan ($580.20) per tonne, up 5 yuan per tonne October hot-rolled coil: 3,890 yuan per tonne, up 9 yuan per tonne Dalian Commodity Exchange...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar Oman, export, rebar, offered at $615-625 per tonne cfr on theoretical...Read More
Some steel prices in the United Arab Emirates rose this week, with producers optimistic about future demand, while local rebar demand was strong, sources told Metal Bulletin on Tuesday June 5.Domestic rebar Major rebar producers in the UAE announced new rebar prices on May 23. The biggest steel producer, Emirates Steel, is offering rebar at 2,295 dirhams ($625) per tonne ex-works. Compatriot produ...Read More
Mills in Russia's central region have decided not to raise their rebar prices because the secondary market is not strong enough to accept further increases."The secondary market is rejecting the higher prices. Demand is not as high as expected," a trader told Metal Bulletin. "We have not cut our price for buyers, but now we give larger discounts," he added. Metal Bulletin's assessment of domestic...Read More
Pig iron exporters in the Commonwealth of Independent States managed to obtain higher prices for their material in the second half of May, when buyers started to restock, because of reduced material availability.Brazilian suppliers, meanwhile, were concentrating on their domestic market and contending with issues of raw materials supply because of a truck drivers' strike in the country.ItalyMetal...Read More
Turkish deep-sea scrap imports prices have gone up as expected, following the decision by the United States to impose Section 232 import tariffs on steel from Canada, the EU and Mexico, sources said on Tuesday June 5.Scrap demand in Turkey was expected to pick up after the US imposed tariffs of 25% on steel imports and 10% on aluminium imports on June 1. It was expected that Turkish steel mills wo...Read More
Iron ore markets were mixed on Tuesday June 5 with spreads extending between different brands.Metal Bulletin 62% Fe Iron Ore Index: $66.34 per tonne cfr Qingdao, up by $0.87 per tonneMetal Bulletin 58% Fe Premium Index: $53.51 per tonne cfr Qingdao, unchangedMetal Bulletin 65% Fe Iron Ore Index: $87 per tonne cfr Qingdao, up by $0.70 per tonneMetal Bulletin 62% Fe China Port Price Index: 469 yuan...Read More
The CIS export billet price inched downward on Tuesday June 5 with buying still sluggish amid market uncertainty and the traditionally lower activity during the Islamic holy month of Ramadan in the Middle East.Metal Bulletin's CIS billet export index was $498 per tonne fob Black Sea on June 5, down by $2 per tonne day-on-day.A cargo of Russia-origin billet was reported sold to Turkey around $510 p...Read More
Some steel prices in the United Arab Emirates rose this week, with producers optimistic about future demand, while local rebar demand was strong, sources told Metal Bulletin on Tuesday June 5.Domestic rebar Major rebar producers in the UAE announced new rebar prices on May 23. The biggest steel producer, Emirates Steel, is offering rebar at 2,295 dirhams ($625) per tonne ex-works. Compatriot produ...Read More
China's rebar market was mixed on Tuesday June 5, with domestic prices in the eastern region falling even though those in the north held steady, while export prices posted some gains.Domestic Eastern China (Shanghai): 3,940-3,970 yuan ($614-619) per tonne, down 10-30 yuan per tonne Northern China (Beijing): 3,880-3,910 yuan per tonne, unchanged In Shanghai, sellers discouraged by early losses in t...Read More
The Chinese domestic ferro-silicon market continued to strengthen after environmental regulators in the country enforced production cuts, while the US and European markets were largely stable amid thin trading activity. China domestic market bolstered by enforced cutbacks European FeSi market stabilizes amid quiet spot demand US spot market firms on elevated replacement costs Chinese domestic pric...Read More
Chinese ferro-vanadium exporters held their offer prices steady amid increased buying interest, while European ferro-vanadium prices continued their ascent on supply concerns. Chinese ferro-vanadium prices stabilized amid spike in trading buying interest European ferro-vanadium prices continue rebound on thinning available inventories US ferro-vanadium market slightly softer on sluggi...Read More