Domestic prices for steel beams were unchanged in both Southern and Northern Europe this week with the market showing mixed sentiment toward plans by mills to increase their prices, sources told Metal Bulletin on Wednesday April 18.Metal Bulletin's price assessment for S235-grade, 200x200mm category-2 H-beams made in Northern Europe remained flat week-on-week at ?,?600-620 ($742-767) per tonne del...Read More
Key data from the Wednesday April 18 pricing session in Europe. Key drivers - The ferro-titanium spot market has edged up in its trading range. More than 300 tonnes of alloy was reported to have been traded. - Ferro-titanium spot sales of about 410 tonnes were reported, with most at or above $5 per kg delivered duty paid. Traders seem to be more aggressive below that level on their offer prices. -...Read More
The following Metal Bulletin minor metals prices changed on Wednesday April 18:Antimony MB free market regulus, $/tonne: $8,350-8,450 per tonne from $8,450-8,550 Antimony MMTA standard grade II, $/tonne: $8,300-8,450 per tonne from $8,400-8,550 Cadmium MB free market min 99.95%, cents/lb: 150-160 cents per lb from 155-160 centsCadmium MB...Read More
The following Metal Bulletin noble alloys and ores prices changed on Wednesday April 18:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $11.75-12.00 per lb from $11.90-12.50 Ferro-molybdenum MB Chinese...Read More
Good morning from Metal Bulletin's office in Shanghai as we bring you the latest news and pricing stories on Wednesday April 18. Base metals prices on the Shanghai Futures Exchange were mostly down during Asian morning trading on Wednesday after the generally positive Chinese data released yesterday failed to motivate investors to chase prices higher.Meanwhile, aluminium succumbed to profit-taking...Read More
Tshipi sold 3.34 million tonnes of manganese ore in the twelve months to February 28, 2018, the manganese miner has announced.The figure represents a 47% increase in volume compared with the previous year. Tshipi, which became South Africa's largest manganese miner by export volumes in 2017, made a net profit of 1.9 billion South African rand ($158 million) in the year to February 28, compared wit...Read More
Shares in Jupiter Mines Ltd commenced trading on the Australian Securities Exchange on Wednesday April 18 following the completion of its A$240-million ($186-million) initial public offering (IPO).The shares commenced trading at A$0.40 per share, giving Jupiter a market capitalization of A$779 million. The IPO, which was significantly oversubscribed, was one of the largest in the resources sector...Read More
Brazil's exports of pig iron may exceed 3 million tonnes in 2018, mainly because of higher shipment volumes out of the south of the country, where local forests make charcoal-making possible, Metal Bulletin has learnt.Independent producers in Brazil use charcoal in the pig iron production process.In 2017, Brazil exported around 2.3 million tonnes of pig iron, according to the International Steel S...Read More
Prices for ferrous scrap exports from the United States were mixed this week, with those for bulk exports falling in two fresh cargo sales from the East Coast to Mexico and Turkey while containerized heavy melt pricing on the West Coast inched upward due to rebounding demand from Asia. Turkey returned to the US ferrous scrap export market on April 18 after being absent for weeks, booking a ca...Read More
Turkish steel producers have booked more deep-sea scrap for May deliveries, but prices fell amid weak finished steel markets, sources said on Wednesday April 18.One steel producer booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $355 per tonne and 15,000 tonnes of shredded at $360 per tonne cfr, late on Tuesday April 17. The cargo was scheduled to be shipped in the second hal...Read More
The latest bids, offers and deals in the global markets for ferrous scrap products. Latest transactions: HMS, shredded, bonus, railTurkey, import, 15,000 tonnes of HMS 1&2 (80:20) traded at...Read More
The seaborne iron ore market continued to pick up strength on Wednesday April 18 on a fixed-price basis though premiums for index-linked cargoes continued to soften.Metal Bulletin 62% Fe Iron Ore Index: $65.88 per tonne cfr Qingdao, up by $1.37 per tonneMetal Bulletin 58% Fe Premium Index: $53.10 per tonne cfr Qingdao, up by $0.88 per tonneMetal Bulletin 65% Fe Iron Ore Index: $83.90 per tonne cfr...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, sold at $64.13 per tonne cfr China, laycan May 4-13.Rio Tinto, 170,000 tonnes of 61% Fe Pilbara Blend...Read More
Seaborne coking coal prices fell further on Wednesday April 18 amid subdued demand for the steelmaking raw material. Half a Panamax cargo of a top Australian brand changed hands at $199.50 per tonne cfr China while the other half was traded against an index, sources told Metal Bulletin during the day. A similar product was heard offered at $198 per tonne cfr China on Wednesday. A cargo of premium...Read More
Nickel premiums in Shanghai fell to their lowest since July 2017 on a bigger negative arbitrage and concerns over potential sanctions on Nornickel, with US premiums stable on strong demand and Europe premiums unchanged while traders watch for potential sanctions. Chinese nickel premiums fall to nine-month low on concerns of potential sanctions Nickel premiums stable, with participants watchi...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday April 18*Copper -$98.37 (-619.99 yuan) Aluminium -$657.29 (-4142.78 yuan) Zinc -$59.67 (-376.12 yuan) Nickel -$1398.47 (-8814.25 yuan) * Metal Bulletin calculates the...Read More
The market for cobalt sulfate is becoming more mature, market participants said on the sidelines of Metal Bulletin's Battery Materials Conference, in Shanghai, which is being held Wednesday-Thursday April 18-19.Emerging traders are getting involved in the spot market and are showing extensive interest in considering the commodity as an investment material, just like cobalt metal, they added.Cobalt...Read More
Base metals prices on the London Metal Exchange are on divergent paths so far this morning, Wednesday April 18, despite the strong risk sentiment seen across wider financial markets following solid earnings results and the surprise monetary easing announced by China's central bank. Nickel (+3.5%), Aluminium (+1.2%) and copper (+0.7%) are trading positively, while the rest of the complex was down b...Read More
The Taiwanese authorities have initiated anti-dumping and countervailing duty investigations into imports of various Chinese steel products, as part of an attempt to be exempted from United States Section 232 import tariffs.The anti-dumping probe involves Chinese imports of stainless hot-rolled and cold-rolled carbon steel, according to an April 17 statement by the territory's Ministry of Finance....Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday April 18:Aluminium scrap Group 1 pure 99% & litho: ?1,390-1,440 per tonne from ?1,360-1,410 Commercial pure cuttings:...Read More