TimkenSteel will raise its special bar quality (SBQ) product prices by $50-150 per ton effective Wednesday March 28, the company said in a leading move on Tuesday. The move comes after SBQ mills in the United States slated base price increases effective with April 1 shipments. US producers raised SBQ base prices three times...Read More
Brazilian steel and iron ore producer Companhia Sider??rgica Nacional (CSN) expects to conclude asset sales worth 2-3 billion Reais ($604-906 million) this year, in order to reduce its debt levels."You can expect in 2018 a de-leveraging of 2-3 billion [Reais], with respect to asset sales, and we are committed to this effort, along with additional efforts in operation performance," chief executive....Read More
Brazilian steel and iron ore producer Companhia Sider??rgica Nacional (CSN) made adjusted earnings of 1.20 billion Reais ($363 million) in the fourth quarter of 2017, the company said late on Monday March 26.The quarter's figure for adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) compared with adjusted Ebitda of 1.25 billion Reais in the corresponding period of 201...Read More
Brazilian steel producer Companhia Sider??rgica Nacional (CSN) is planning an increase of 7.50% in its flat steel prices to distributors and industrial clients in June, Metal Bulletin has learnt."I expect our revenues to grow by 20% this year, considering volumes and prices," chief executive officer Benjamin Steinbruch said on Tuesday March 27.The increase is due to a better domestic market and hi...Read More
The latest metal markets news and price moves to start the North American day on Tuesday March 27. Base metals prices on the London Metal Exchange were higher across the board during morning trading. The market mostly ignored possible trade tensions between the United States and China and market sentiment has improved to boost prices. "It seems that the risks of a possible trade war between the US...Read More
At Metal Bulletin's 19th Asian Ferro-alloys conference in Hong Kong on March 20-22, Asia editor Shivani Singh asked delegates questions about the three Ps: products, prices and places.Click on the image above to download the results of the poll. Read More
Brazil-focused Canadian vanadium producer Largo Resources' revenue in the 2017 fiscal year, ended on December 31, more than doubled from 2016, the company said in its annual report Friday March 23.The company achieved a revenue of C$167,723 ($130,849) in 2017, a 106% surge from the C$81,233 achieved in the same period of 2016. Its V2O5 production increased 16.7% from 2016, reaching 9,297 tonnes. V...Read More
Anglo American has resumed iron ore output at its Brazilian Minas-Rio operation on Tuesday March 27, following an approval granted by the country's environmental institute, Ibama.Operations will return to their normal pace immediately, the miner told Metal Bulletin.The company stopped iron ore production at Minas-Rio on March 12, after a slurry pipeline designed to transport material from the mini...Read More
Rio Tinto has entered into a binding agreement with a consortium comprising private equity manager EMR and PT Adaro Energy, an Indonesian listed coal company, for the sale of its 80% interest in the Kestrel underground coal mine in Queensland, Australia, for $2.25 billion."The sale of Kestrel, together with the announced divestments of Hail Creek and our undeveloped coal projects, delivers excepti...Read More
Turkish deep-sea scrap import prices have inched downward after slightly lower offers were heard from the Baltic Sea region on Tuesday March 27.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $366.95 per tonne cfr, down by $1.15 per tonne day-on-day.The daily index for similar US-origin scrap closed at $376.96 per tonne cfr, down...Read More
European steel association Eurofer has called for a quick decision in the region's safeguard case investigating imported steel, it said on Tuesday March 27.The European Commission (EC) started the safeguard case into 26 steel product types on March 26, in an attempt to prevent the redirection of steel in the global export markets from the United States to the EU."The investigation must act fast an...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, 190,000 tonnes of...Read More
Base metals prices on the London Metal Exchange were higher across the board during morning trading on Tuesday March 27. The market mostly ignored possible trade tensions between the United States and China and market sentiment has improved to boost prices. "It seems that the risks of a possible trade war between the US and China are being ignored completely on the base metals markets today - whic...Read More
Seaborne coking coal prices remain under pressure, with a cargo of premium materials being offered below $200 per tonne fob Australia on Tuesday March 27. There was also talk about another cargo of similar materials being offered around $205 per tonne cfr China. A Chinese trader source attributed the sudden plunge in seaborne coking coal prices to the weakening downstream market."[Prices] had been...Read More
China's domestic rebar prices bounced back slightly on Tuesday March 27 amid a pick-up in trading activity following several days of big losses. Domestic Eastern China (Shanghai): 3,440-3,520 yuan ($547-560) per tonne, up 20-30 yuan per tonne Northern China (Beijing): 3,660-3,690 yuan per tonne, up 20-30 yuan per tonne Rebar futures rose sharply during the morning trading session, hitting a high o...Read More
China's hot-rolled coil prices recovered some losses on Tuesday March 27 following a rebound in the futures market.DomesticEastern China (Shanghai): 3,730-3,780 yuan ($593-601) per tonne, up 30 yuan per tonneNorthern China (Tianjin): 3,710-3,740 yuan per tonne, up 40 yuan per tonneThe paper market charted a recovery during the day after successive days of decreases, which provided support to the s...Read More
Metal Bulletin will launch a price assessment for cobalt sulfate, 20.5% min Co, ex-works China, published as a $ per lb adjustment to the low end of Metal Bulletin's existing benchmark low-grade cobalt price assessment.Cobalt sulfate is one of the key materials used to produce lithium-ion nickel-cobalt-manganese (NCM) and nickel-cobalt-aluminium (NCA) batteries used in electric vehicles (EV). Chin...Read More
China's ferrous futures rose during morning trading on Tuesday March 27, with the steel contracts posting a strong recovery in particular after a week of losses.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,455 yuan ($549) per tonne, up 71 yuan per tonne May hot-rolled coil: 3,608 yuan per tonne, up 80 yuan per tonne Dalian Commodity Exchange May iron ore: 446 yua...Read More
TODAY LEAD INTRADAY CALLToday Lead Intraday Call – Lead Mcx BUY Call 27d Given at price 153.10 Achieved 1st Target 154.10 & Achieved 2nd Target 154.60. CMP 155.05. Profit of 1.5 x 2 lot = 3 Points / Rs 15000TIPS ID 27d : Mcx Lead - BUY 2 lot Lead at CMP 153.10 for Target 154.10 - 154.60 with SL below price 152.0AFTER POST CONTENT Read More
(Kitco News) - The gold market is finally due for some excitement as the yellow metal is looking ready to break out of its narrow trading range and challenge January’s high of $1,366 an ounce, said TD Securities in a report.“After being locked in a fairly tight range between $1,302-1,340/oz for many weeks, traders took the yellow metal higher into a position to challenge the high of $1...Read More