The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. ...Read More
Concerns about output in major tungsten production hub Jiangxi province, amid a new round of environmental inspections continued to support ammonium paratungstate (APT) and concentrates' prices last week, while ferro-tungsten prices suffered from falling demand. Production disruptions in Ganzhou, Jiangxi province support APT and concentrates markets Ferro-tungsten falls amid weakening demand, but...Read More
Chinese domestic ferro-silicon prices dropped on Friday April 20, renewing a downward trend seen earlier in April and prompting a switch in production to lower grade alloy. China cuts standard grade production Europe awaits Q2 settlements to provide spot direction US eases, near-term outlook stable Metal Bulletin's Chinese domestic ferro-silicon prices fell last week, dragged dow...Read More
Kudumane Manganese Resources (KMR) has halted production at its manganese ore mine in South Africa's Northern Cape due to heavy rains and could be forced to declare force majeure, a source told Metal Bulletin.The action may delay the transportation of 50,000-60,000 tonnes of manganese ore from May to June and 100,000 tonnes from June to July. KMR may be about to "declare force majeure,"&...Read More
Manganese ore markets recorded further losses on Friday April 20 amid deteriorating sentiment around Chinese alloy and steel demand, while European alloy prices maintained current levels on sufficient stocks. Ore prices keep sliding on weaker alloy, steel demandSilico-manganese prices drop in ChinaIndian silico-manganese tracks ore lowerEuropean alloy prices remain steadyUS silico-manganese price...Read More
European spot prices for molybdic oxide and ferro-molybdenum have increased after a withdrawal in spot supplies of oxide prompted a bout of short-covering that is likely to persist in the near term, according to industry sources. The bounce in prices comes after a steady decline in the markets since the start of March, when profit-taking had knocked ferro-molybdenum and oxide prices down from annu...Read More
The annual convention of the Institute of Scrap Recycling Industries (ISRI) made its biennial visit to the lights and glamour of Las Vegas, in the US state of Nevada, from Saturday April 14 until Thursday April 19.There were all the signs of a boom period for the steel industry at the event, with the exhibition hall of the city's Mandalay Bay Hotel packed with displays of the latest technology and...Read More
The Turkish deep-sea scrap market remained quiet on Monday April 23 because of a national holiday in the country.The Turkish market was closed while the country celebrated National Sovereignty Day and Children's Day.Due to the lack of fresh deep-sea transactions, the daily scrap indices...Read More
Prices for physical iron ore rose on Monday April 23 following gains in the paper market, though Chinese mills continued to take a cautious approach despite the gains.Metal Bulletin 62% Fe Iron Ore Index: $67.67 per tonne cfr Qingdao, up by $0.61 per tonneMetal Bulletin 58% Fe Premium Index: $55.98 per tonne cfr Qingdao, up by $0.30 per tonneMetal Bulletin 65% Fe Iron Ore Index: $85.60 per tonne c...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, 170,000 tonnes of 61% Fe Pilbara Blend fines,...Read More
The seaborne coking coal market tumbled further on Monday April 23 after a trader sold two cargoes at prices much lower than previously transacted levels.The trader sold a cargo of premium low-vol hard coking coal at $185 per tonne cfr China during the day. This puts it $10 per tonne lower than a transaction involving the same Australian brand last Friday and just $2 per...Read More
The seaborne iron ore concentrate market slowed down last week amid reduced trading activity and a slight drop in premiums. The weekly Metal Bulletin 66% Fe Iron Ore Concentrate Index was at $87.88 per tonne cfr China last Friday April 21, down $1.39 per tonne - or 1.5% - from a week earlier. The daily Metal Bulletin 65% Fe Iron Ore Index averaged $83.66 per tonne cfr China over the week, up $1.66...Read More
China's ferrous futures soared across the board on Monday April 23, after major mill Shagang increased its steel prices over the weekend.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,550 yuan ($55) per tonne, up 70 yuan per tonne October hot-rolled coil: 3,684 yuan per tonne, up 62 yuan per tonne Dalian Commodity Exchange September iron ore: 480.50 yuan per to...Read More
The US Department of the Treasury's Office of Foreign Assets Control (OFAC) will not impose secondary sanctions on non-US persons for engaging in the same activity involving Rusal or its subsidiaries that the General License 14 authorizes, according to a statement on Monday April 23."Rusal has felt the impact of US sanctions because of its entanglement with Oleg Deripaska, but the US government is...Read More
Antimony prices continued to experience downward pressure last week amid weakening demand and increasing availability in the spot market.Metal Bulletin assessed the MMTA standard grade II antimony, in-warehouse Rotterdam price at $8,200-8,350 per tonne on Friday April 20, down from the mid-week assessment of $8,300-8,450 per tonne when prices had fallen from $8,400-8,550 per tonne.The trioxide gra...Read More
The latest metal markets news and price moves to start the North American day on Monday April 23.Base metals on the London Metal Exchange are largely mixed during morning trading on Monday April 23, with nickel's price falling 1.7% alongside continued strength from aluminium.Here's how LME base metals...Read More
Chinese silicon metal prices continued to dip in the latest pricing session but the drops were capped by local refineries who increased up their offer prices to support the market, Metal Bulletin learned. Metal Bulletin's Chinese grade 553 silicon price dropped by 0.8% to $1,880-1,950 per tonne on Friday April 20, from $1,900-1,960 one week ago. The Chinese grade 553 silicon export price hit...Read More
Manganese flake prices jumped more than 14% on Friday April 20 to its highest level since December 2016 on a continued supply squeeze in Europe. Metal Bulletin assessed the manganese flake in-warehouse Rotterdam price at $2,275-2,450 per tonne on Friday, up 14.1% on the previous assessment and the highest it has been since December 2016. "All the material has been purchased. There is absolute...Read More
The base metals traded on the London Metal Exchange have kicked off the new trading week with a broadly positive performance this morning, Monday April 23.Sanction-hit aluminium leads on the upside with a gain of 0.8%, followed by lead, copper and zinc, which are up by 0.7%, 0.6% and 0.4% respectively. Nickel and tin are bucking the uptrend, however, with losses of 0.8% and 0.1% respectively. With...Read More