Key data from the pricing sessions in the week ending Friday May 11.China Chinese ferro-chrome spot prices bottomed out after small volumes were available to major stainless steel mills at their lower tender prices for May. Few deals have been closed at new prices this week while market insiders...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
As members of the metals industry, including the London Metal Exchange, brokers, traders, producers, consumers, banks and warehouse companies, prepare to gather for LME Asia Week in Hong Kong from Monday May 14, Metal Bulletin reviews the likely topics of discussion.Opening up China's markets China has been opening up its economy and markets recently. In May, China allowed foreign investors to tra...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
In light of feedback received as part of the consultation on its international cobalt price specifications, Metal Bulletin will change the names of its benchmark in-warehouse Rotterdam assessments from January 2019. From January 2019, the name 'standard-grade' will replace the name 'low-grade'. The name 'alloy-grade' will replace the name 'high-grade'. The last date prices will be published under...Read More
Global ferrous scrap prices were mostly going higher during the working week ended Friday May 11 with prices beginning to climb out of the price trough.Turkish buyers were mostly on the market sidelines due to higher offers and sluggish demand, but a deal concluded at higher prices supported their negotiating position.Upticks in US ferrous scrap export prices to Turkey were capped by a large reduc...Read More
Prices for containerized shredded scrap imports into India went down this week with the weakness of the rupee against the dollar putting buying activity on hold, market sources told Metal Bulletin on Friday May 11.Metal Bulletin's weekly index for containerized imports of shredded scrap into India was $385.94 per tonne cfr Nhava Sheva on May 11, down by $4.79 week-on-week from $390.73 per tonne cf...Read More
UK ferrous scrap prices for monthly deliveries to consumers in May were unchanged this month, with any possible planned price increases cancelled out by the weakness of sterling against the dollar, trade sources told Metal Bulletin on May 11.Prices for trend-indicating grades in the UK such as HMS 1&2 (old steel) and OA (plate and structural) were flat this week, remaining at ?180-205 ($244-277)...Read More
Comex copper prices edged higher in the US morning on Friday May 11, with the complex benefiting from a softer dollar. Copper for July settlement on the Comex division of the New York Mercantile Exchange gained 0.70 cents or 0.2% to $3.1170 per lb. Earlier today, the contract touched a high of $3.1265, the highest since April 27. "Copper is still trading within the...Read More
Three-month base metals prices on the London Metal Exchange gave a mixed performance on the morning of Friday May 11, with the complex averaging a slight 0.1% gain as at 06.42 am London time.Copper and aluminium were down by 0.2% and 0.4% respectively, nickel and zinc were little changed, while lead (+0.7) and tin (+0.3%) were the complex's strongest performers.But with a total trading volume of 3...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
In light of feedback received as part of the consultation on its international cobalt price specifications, Metal Bulletin will change the names of its benchmark in-warehouse Rotterdam assessments from January 2019. From January 2019, the name 'standard-grade' will replace the name 'low-grade'. The name 'alloy-grade' will replace the name 'high-grade'. The last date prices will be published under...Read More
Prices of Chinese domestic battery-grade lithium compounds stemmed the recent downtrend, while prices in other regions assessed by Metal Bulletin dipped on Thursday May 10. Battery-grade lithium compounds spot prices in China stabilized this week Rest-of-the-world battery-grade lithium compounds softened due to price falls in the Chinese domestic market over the past three weeks Sluggish...Read More
Hot-rolled coil prices in the United States inched up for a third straight week as some market participants questioned whether widespread speculation about a summer correction would survive a recent plunge in imports.American Metal Market's hot-rolled coil index stands at $43.96 per hundredweight ($879.20 per ton), up 0.2% from $43.87 per cwt ($877.40 per ton) a week ago and up 34.7% from $32...Read More
Some flat steel prices in Turkey's import markets fell this week, with demand remaining limited, market participants told Metal Bulletin on Friday May 11. Most domestic producers closed their order books for June production and have not announced new prices for July output. And with the Turkish lira continuing to lose value against other currencies during the week, imports are becoming i...Read More
The lack of activity in the South American market prevented flat steel import prices from changing this week, Metal Bulletin has learnt.Deals, bids and offers were not reported by regional market participants this week.As a result, Metal Bulletin's weekly price assessment for hot-rolled coil imports into South America was stable week-on-week on...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Spot iron ore prices strengthened on Friday after increases in the steel and futures markets, reaching values of more than $67 per tonne.BHP expects suppliers of high-quality steelmaking raw materials to benefit from the increase in Chinese steel capacity utilization rates and margins following the coun...Read More
Earnings at Brazil-based Votorantim's long steel division, which comprises assets in Argentina and Colombia, increased by 2% year-on-year in the first quarter of 2018, with growth in revenues mostly offset by higher costs.Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) came to 45 million Reais ($12.59 million) in January-March, against 44 million Reais a year befor...Read More
Earnings at ArcelorMittal's Brazilian unit increased by 50.41% year-on-year in the first quarter of 2018, amid stronger steel demand and higher prices.ArcelorMittal Brasil's earnings before interest, taxes, depreciation and amortization (Ebitda) came to $370 million in the first quarter, up from $246 million in the corresponding period in 2017, the company said on Friday May 11.The growth was due...Read More