Base Metal Stock Articles

CISA CONF 2018: Seven things we learned about China steel up to 2020

April 04, 2018 / Paul Lim

Metal Bulletin looks at seven key things discussed in Xi'an last month at China Iron & Steel Association's 16th International Steel Market and Trade Conference that will have a major impact on the Asian and Chinese steel markets in the coming years.China plans to cut another 30 million tonnes of steel capacity in 2018China is planning to cut another 30 million tonnes of steel capacity in 2018 as p...Read More

LIVE FUTURES REPORT 04/04: Comex copper rally hits roadblock

April 04, 2018 / Dalton Barker

Comex copper prices dropped nearly 2% on Wednesday April 4 amid growing fears of a possible trade war between the United States and China following a fresh round of tariffs issued by both countries. Copper for May settlement on the Comex division of the New York Mercantile Exchange tumbled 5.90 cents or 1.9% to $3.0045 per lb. Over the past few weeks, tensions between China and the US have escalat...Read More

METALS MORNING VIEW 04/04: Continuing trade tensions weigh on sentiment

April 04, 2018 / William Adams

Base metals prices on the London Metal Exchange are down by an average of 0.4% this morning, Wednesday April 4. Tin is the only metal showing any gains, while the rest are down between 0.4% and 0.7%, with copper off by 0.4% at $6,783 per tonne.Volume has been average with 7,996 lots traded as of 07.36am London time. This follows a general day of gains on Tuesday when the complex closed with averag...Read More

China announces VAT cut on all imported goods [UPDATED]

April 04, 2018 / Archie Hunter

China will cut value-added tax (VAT) on all imported goods by 1 percentage point, 5.9%, effective from May 1, the Finance Ministry and State Administration of Taxation said in a filing late on Wednesday April 4. China currently applies two VAT rates for different products; 17% for almost all products and 11% for some products, including agriculture. The rates will be...Read More

EUROPE PLATE: Domestic prices stable in slow market

April 04, 2018 / Maria Tanatar

Domestic prices for heavy steel plate in Europe have been flat over the past week because buying has yet to pick up after the Easter holidays in the EU, sources told Metal Bulletin on Wednesday April 4.Metal Bulletin's assessment of prices for domestic grade-S235JR heavy steel plate in Southern Europe was ?,?570-580 ($700-713) per tonne ex-works for the week ended Wednesday, unchanged from a week...Read More

CISA CONF 2018: Seven things we learned about China steel up to 2020

April 04, 2018 / Paul Lim

Metal Bulletin looks at seven key things discussed in Xi'an last month at China Iron & Steel Association's 16th International Steel Market and Trade Conference that will have a major impact on the Asian and Chinese steel markets in the coming years.China plans to cut another 30 million tonnes of steel capacity in 2018China is planning to cut another 30 million tonnes of steel capacity in 2018 as p...Read More

SOUTHERN EUROPE REBAR: Domestic prices weaken on continued low demand

April 04, 2018 / Viral Shah

Prices for rebar produced and delivered in Southern Europe widened downward by ?,?5 per tonne this week amid continued low demand, sources told Metal Bulletin on Wednesday April 4.Metal Bulletin's weekly domestic price assessment for rebar in Southern Europe widened downward to ?,?510-530 ($627-651) per tonne delivered on Wednesday, compared with ?,?515-530 per tonne delivered one week ago.The ass...Read More

EUROPE SECTIONS: Southern EU mills still accepting lower prices to secure orders

April 04, 2018 / Lee Allen

Prices for hollow steel sections in Southern Europe have fallen by ?,?5-15 per tonne this week with producers continuing to look for orders, market sources said on Wednesday April 4.A low volume of completed sales of hollow sections on the spot market has led Southern European producer sources to lower their price expectations in recent weeks."Producers in Italy are more keen to get orders than th...Read More

China announces VAT cut on all imported goods [UPDATED]

April 04, 2018 / Archie Hunter

China will cut value-added tax (VAT) on all imported goods by 1 percentage point, 5.9%, effective from May 1, the Finance Ministry and State Administration of Taxation said in a filing late on Wednesday April 4. China currently applies two VAT rates for different products; 17% for almost all products and 11% for some products, including agriculture. The rates will be...Read More

DAILY SCRAP REPORT: Turkish mills book more deep-sea scrap at prices stable

April 04, 2018 / Cem Turken

Turkish steel producers started their May bookings with mostly steady prices on Wednesday April 4.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 19,000 tonnes of HMS 1&2 (80:20) at $356 per tonne, 9,000 tonnes of HMS 1&2 (90:10) and 5,000 tonnes of shredded at $361 per tonne, and 5,000...Read More

IRON ORE DAILY: Seaborne market dips further ahead of Chinese holiday

April 04, 2018 / Metal Bulletin Editorial

The seaborne iron ore market softened further on Wednesday April 4 amid falling steel prices in China, with premiums for index-linked cargoes of Pilbara Blend fines remaining subdued. Metal Bulletin 62% Fe Iron Ore Index: $63.57 per tonne cfr Qingdao, down by $0.19 per tonneMetal Bulletin 58% Fe Premium Index: $51.79 per tonne cfr Qingdao, down by $0.30 per tonneMetal Bulletin 65% Fe Iron Ore Inde...Read More

China AM: Ferrous futures rise while trade war with US continues

April 04, 2018 / Jessica Zong

China's ferrous futures apart from iron ore rose during the morning trading session on Wednesday April 4 amid a proposal to increase import duties on Chinese steel products by the United States.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,367 ($535) per tonne, up 23 yuan per tonne May hot-rolled coil: 3,737 yuan per tonne, up 39 yuan per tonne Dalian Commodit...Read More

Iranian export billet, slab prices drop on downtrend in global market

April 04, 2018 / Vlada Novokreshchenova

Iranian exporters of semi-finished steel products came back to the market after the Persian new year holiday late last month with price reductions that followed the trend in the wider global markets.Metal Bulletin's weekly price assessment for Iranian billet exports decreased to $500-515 per tonne fob on Wednesday April 4, from the previous range of $515-530 per tonne fob.Local producers Khouzesta...Read More

CISA CONF 2018: Seven things we learned about China steel up to 2020

April 04, 2018 / Paul Lim

Metal Bulletin looks at seven key things discussed in Xi'an last month at China Iron & Steel Association's 16th International Steel Market and Trade Conference that will have a major impact on the Asian and Chinese steel markets in the coming years.China plans to cut another 30 million tonnes of steel capacity in 2018China is planning to cut another 30 million tonnes of steel capacity in 2018 as p...Read More

CHINA REBAR: Domestic prices stable ahead of holiday

April 04, 2018 / Jessica Zong

China's rebar prices were unchanged on Wednesday April 4 ahead of the Qing Ming Festival, or tomb-sweeping day, on April 5-6. Meanwhile, fluctuating futures provided participants with little direction as to where the market might be heading.Domestic Eastern China (Shanghai): 3,650-3,700 yuan ($580-588) per tonne, unchanged Northern China (Beijing): 3,730-3,750 yuan per tonne, unchangedSome end-use...Read More

US manganese alloy prices dip in quiet market conditions

April 04, 2018 / Chris Kavanagh

The US high-carbon ferro-manganese market weakened on Thursday March 29, as latent spot market demand and ample supplies wore on pricing. American Metal Market assessed spot prices for high-carbon ferro-manganese in-warehouse Pittsburg at $1,500-1,600 per long ton on Thursday, down 3.1% from $1,550-1,650 per long ton previously. The market has been bogged down by lackluster spot activity in r...Read More

China's domestic stainless steel prices down further in weak market

April 04, 2018 / Jessica Zong

China's domestic stainless steel prices fell again this week as high supply and weak demand continued to put pressure on the market.Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,000-14,800 yuan ($2,226-2,353) per tonne including VAT for the week ended Wednesday April 4, down 200-300 yuan per tonne from last Thursday. Buying in...Read More

Trade Log March 2018: Ferro-vanadium, vanadium pentoxide

April 04, 2018 / Chris Kavanagh

The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe.To view the latest price quotations, follow the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78% min, fob China, $ per kg V- Vanadium pentoxide, 98% min, fob China, $ per lb V2O5Thursday March 29Ferro-vanad...Read More

Notice: Qingming holiday schedule

Apr 04 2018 / Staff reporter

SMM offices will be closed from Thursday April 5 to Friday April 6 for the Qingming Festival holiday. There will be no news publication during this period. For queries, please contact Daisy Tseng at daisy@smm.cn  Read More

Notice: Qingming holiday schedule

Apr 04 2018 / Staff reporter

SMM offices will be closed from Thursday April 5 to Friday April 6 for the Qingming Festival holiday. There will be no news publication during this period. For queries, please contact Daisy Tseng at daisy@smm.cn  Read More

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