Prices for CIS-origin hot-rolled coil (HRC) and cold-rolled coil (CRC) remain high, with producers almost sold out of February-rolled material."The market is frozen because mills don't have material," a trader told Metal Bulletin on Monday January 22. He added that it was possible to buy CRC from Russian mills, but HRC was totally sold out.Meanwhile, March-rolled material was available from Ukrain...Read More
Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More
CIS export rebar and wire rod prices continued to climb in the week ended Monday January 22 despite the downbeat mood in the steel billet segment.This was due to the reduced availability of material, mostly wire rod, in the markets because mills have already sold out their February volumes.Metal Bulletin's weekly price assessment for CIS wire rod exports was $585-590 per tonne fob Black Sea on Jan...Read More
A new mill with capacity for 300,000-500,000 tonnes per year of reinforcing steel "could be the solution to a supply gap looming over the UK in the next decade," Andy Kirkcaldy, chairman of the British Independent Reinforcement Fabricators Association (Birfa), said on Monday January 22.Domestic rebar demand in the UK is expected to rise to 1.23 million tpy by 2030, up from 843,000 tonnes in 2015,...Read More
Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More
Turkish steel mills continued their deep-sea scrap bookings for February and March on Monday January 22 with prices remaining largely stable.A steel mill in the Iskenderun region booked a US cargo, comprising 12,000-15,000 tonnes of plate and structural scrap (P&S) at $373 per tonne and 6,000 tonnes of shredded at $368 per tonne, while the rest of the 38,000-tonne cargo was HMS 1&2 (80:20) at $363...Read More
Turkish domestic scrap prices continued to increase amid strong demand over the past week, sources said on Monday January 22.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) was $1,300-1,440 ($342-379) per tonne delivered, up from last week's $1,260-1,400 per tonne.The upward movement came after several steel mills raised their buy prices for the materi...Read More
Iron ore prices experienced little movement on Monday January 22 amid inactivity in the seaborne market. Metal Bulletin's 62% Fe Iron Ore Index Today: $76.61 per tonne cfr Qingdao Daily change: down by $0.14 per tonne Month-to-date average: $76.65 per tonne...Read More
Sentiment in the CIS export billet market turned negative in the week ended Monday January 22 amid a lack of activity and pressure arising from weakness in Chinese prices, Metal Bulletin has heard.There was almost no trading activity for CIS billet exports during the week."The market seems to have completely stopped," one trader said. "There is no liquidity."Another trader told Metal Bulletin that...Read More
Import prices for steel billet and slab in Southeast Asia held steady over the past week, with end-users of the former and non-Chinese mills being slow to react to lower offers from China, while the rainy season dampened demand for the latter.Metal Bulletin's assessment of import prices for billet in Southeast Asia was $530-545 per tonne cfr for the week ended Monday January 22, unchanged from a w...Read More
China's domestic rebar prices charted a strong rebound on Monday January 22 on big gains in the billet market over the weekend. Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($609-617) per tonne, up 100 yuan per tonne Northern China (Beijing): 4,000-4,030 yuan per tonne, up 180 yuan per tonne The price of billet rose 50 yuan per tonne during the weekend on active trading, which sparked bulli...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China. Blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals are taken into consideration.To view the latest price quotations, follow the links below:China- APT, fob China- Ferro-tungsten, fob ChinaEurope- APT, cif Rotterdam- Ferro-tungsten, in-warehouse RotterdamF...Read More
Import prices for steel billet and slab in Southeast Asia held steady over the past week, with end-users of the former and non-Chinese mills being slow to react to lower offers from China, while the rainy season dampened demand for the latter.Metal Bulletin's assessment of import prices for billet in Southeast Asia was $530-545 per tonne cfr for the week ended Monday January 22, unchanged from a w...Read More
CIS export rebar and wire rod prices continued to climb in the week ended Monday January 22 despite the downbeat mood in the steel billet segment.This was due to the reduced availability of material, mostly wire rod, in the markets because mills have already sold out their February volumes.Metal Bulletin's weekly price assessment for CIS wire rod exports was $585-590 per tonne fob Black Sea on Jan...Read More
Russian producers have announced increasing prices for hot- and cold-rolled steel sheet from February production for domestic buyers, citing high prices and demand in the export market."It was predictable that mills would increase prices, because we are seeing rising export prices and a strong market for [steel] slab," a trader told Metal Bulletin.Metal Bulletin's price assessment for Russian 4mm...Read More
Prices for CIS-origin hot-rolled coil (HRC) and cold-rolled coil (CRC) remain high, with producers almost sold out of February-rolled material."The market is frozen because mills don't have material," a trader told Metal Bulletin on Monday January 22. He added that it was possible to buy CRC from Russian mills, but HRC was totally sold out.Meanwhile, March-rolled material was available from Ukrain...Read More
Base metals prices on the London Metal Exchange mostly closed in positive territory on Monday January 22 on continued support from the weaker dollar.Lead prices closed back above $2,600 per tonne and close to seven-year high levels. The global refined lead market recorded a deficit of 169,000 tonnes year-to-date through November 2017, according to the International Lead & Zinc Study Group. "The st...Read More
The latest metal markets news and price moves to start the North American day on Monday January 22.Base metals prices on the London Metal Exchange were higher across the board in morning trading, with the dollar still weak.The three-month lead price remains robust on Monday. It climbed above $2,600 per tonne this morning, before retreating slightly, supported by tightness in the market and a bulli...Read More
Good morning from Metal Bulletin's office in Shanghai, as we bring you the latest news and pricing stories on Monday January 22.Copper prices on the Shanghai Futures Exchange edged lower during Asian morning trading on Monday, following a further increase in SHFE deliverable red metal stocks last week.Copper recorded the biggest stock increase across the SHFE base metals complex last week, with SH...Read More
Total volumes in all of the London Metal Exchange's futures and options contracts rose by 0.5% last year, which is hardly a dramatic result one way or the other, although it did at least halt a run of annual declines.Declines in aluminium and copper turnover were to an extent offset by increases in zinc, nickel and lead. As well, the exchange's new gold and silver contracts chipped in with some us...Read More