Base Metal Stock Articles

EUROPE BEAMS: Prices expected to rise in strong market

January 10, 2018 / Lee Allen

Domestic prices for steel beams in Europe are predicted to increase over the coming weeks while demand levels and ferrous scrap prices stay firm, market sources told Metal Bulletin on Wednesday January 10.Domestic prices have been unchanged since the end of last year, with the material trading at historic high prices.Mills are hoping to raise prices even higher, however, and one Northern European...Read More

DAILY SCRAP REPORT: Weather foils Turkish mills' attempts to push down prices

January 10, 2018 / Cem Turken

The Turkish deep-sea scrap market went quiet on Wednesday January 10, with the mills in the country trying to put downward pressure on prices.But while mills were trying to reduce scrap prices, suppliers remained firm because the heavy winter conditions increased their costs, sources said."The mills went quiet, waiting for a supplier who is in hurry to sell. Five or six Baltic Sea suppliers...Read More

IRON ORE PRICES: Benchmark index stays at $78 per tonne cfr China

January 10, 2018 / Sophie Zhao

Iron ore prices experienced a slight dip but managed to stay above $78 per tonne cfr China on Wednesday January 10 amid uncertainties resulting from a forecast cyclone in Australia.Metal Bulletin's 62% Fe Iron Ore Index Today: $78.31 per tonne cfr QingdaoDaily change: down by $0.16 per tonneMonth-to-date average: $76.79 per tonneMetal Bulletin's 58% Fe Premium Index Today: $62.71 per tonne cfr Qin...Read More

Seaborne iron ore prices dip amid cyclone jitters

January 10, 2018 / July Zhang

Seaborne iron ore prices retreated for the first time this year on Wednesday January 10 amid uncertainties over whether a forecast cyclone in Australia could result in supply disruptions.Key driversChina's ferrous futures retreated in the afternoon after trending upward in the morning. The benchmark iron ore contract ended slightly lower than a day earlier.A tender for a seaborne cargo of Pilbara...Read More

Buying muted in Iran's export billet, slab market as customers wait for clearer trend

January 10, 2018 / Vlada Novokreshchenova

Purchasing activity in the Iranian export semi-finished steel market was delayed in the week ended Wednesday January 10 because customers wanted to wait and see the market trend become clearer after the year-end holidays.Metal Bulletin's newly launched weekly assessment of the Iranian export billet price was $510-520 per tonne fob on January 10.Esfahan Steel, the country's sole blast oxygen furnac...Read More

CHINA REBAR: Domestic prices at standstill amid winter chill

January 10, 2018 / Jessica Zong

China's domestic prices for rebar held steady on Wednesday January 10 on weak demand despite gains in the futures market. Domestic Eastern China (Shanghai): 3,830-3,920 yuan ($587-601) per tonne, unchanged Northern China (Beijing): 3,870-3,900 yuan per tonne, unchanged Low temperatures in Shanghai and Beijing resulted in inactivity in the markets.As such, sellers were unable to raise prices even t...Read More

TITANIUM SNAPSHOT: Prices relatively steady amid firm fundamentals

January 10, 2018 / Declan Conway

Key data from the January 10 pricing session in Europe.Ferro-titanium 70% (max 4.5% Al) $ per kg, delivered duty-paid in EuropeToday Previous Change to midpoint of range Midpoint % change 4.80-5.60 4.80-5.60 0 0  Titanium scrap turnings, unprocessed (max 0.5% Sn) $ per lb, cif European ports  Titanium scrap turnings, unprocessed (0.5-2% Sn) $ per l...Read More

EUROPE SECTIONS: Southern EU mills boost offer prices on high demand

January 10, 2018 / Lee Allen

Prices for hollow steel sections in Southern Europe have increased this week, with producers in the region responding to firm demand, market sources told Metal Bulletin on Wednesday January 10.Metal Bulletin's price assessment for S235-grade square hollow steel sections made in Southern Europe moved up by ?,?15-20 per tonne to ?,?620-645 ($740-770) per tonne delivered on Wednesday.Prices for simil...Read More

TURKEY STEEL PIPE EXPORTS: Turkish pipe export prices rise on costlier HRC

January 10, 2018 / Cem Turken

Turkey's structural pipe export prices have continued to rise in line with increasing costs for hot-rolled coil (HRC), sources said on Wednesday January 10.Metal Bulletin's monthly price assessment for EN10219-standard, grade-S235 tube, with 2mm wall thickness, was $670-680 per tonne fob on January 10, up from $640-650 per tonne in December.Turkish pipemakers were offering material at around...Read More

Removal of rebar import duty a big blow for Turkish steel industry, ??IB says

January 10, 2018 / Cem Turken

The Turkish Steel Exporters' Assn (??IB) believes that the removal of import duty on rebar is a significant blow for the domestic Turkish steel industry, the association said on Wednesday January 10.Turkey's ministry of economy removed the country's import duty on rebar on Monday January 1.The ??IB does not expect the removal of the duty to result in a fall in steel prices in 2018, however. Rather...Read More

Asian scrap demand to grow while steel exports stay low in 2018, Irepas says

January 10, 2018 / Lee Allen

Export volumes of steel products from China will stay low in 2018, which will raise demand for scrap in other Asian countries, the International Rebar Producers & Exporters Association (Irepas) said on Wednesday January 10."For the first quarter of 2018, we can expect steel exports from China to remain reduced, which will continue to drive local steel mill demand elsewhere," Irepas said."Many coun...Read More

EUROPE PLATE: Domestic prices to rise on higher production costs

January 10, 2018 / Maria Tanatar

Domestic prices for heavy steel plate in Europe are expected to move upward on higher costs for slab and other raw materials, sources told Metal Bulletin on Wednesday January 10.In the meantime, however, prices have been largely unchanged this week with the market still slow after Christmas holidays.Metal Bulletin's weekly price assessment for domestic grade-S235JR heavy steel plate in Southern Eu...Read More

Asian scrap demand to grow while steel exports stay low in 2018, Irepas says

January 10, 2018 / Lee Allen

Export volumes of steel products from China will stay low in 2018, which will raise demand for scrap in other Asian countries, the International Rebar Producers & Exporters Association (Irepas) said on Wednesday January 10."For the first quarter of 2018, we can expect steel exports from China to remain reduced, which will continue to drive local steel mill demand elsewhere," Irepas said."Many coun...Read More

SOUTHERN EUROPE REBAR: Prices move up on higher scrap costs, returning demand

January 10, 2018 / Viral Shah

Domestic prices for rebar in Southern Europe have narrowed upward over the past week, on higher scrap costs and the return of market participants from seasonal holidays, sources told Metal Bulletin on Wednesday January 10.Metal Bulletin's weekly domestic price assessment for Southern European rebar rose to ?,?520-530 ($621-633) per tonne delivered on Wednesday, from ?,?505-530 per tonne on January...Read More

EUROPE CRC: Domestic producers to seek higher prices

January 10, 2018 / Maria Tanatar

European mills are expected to increase their domestic offer prices for cold-rolled coil (CRC), with supported from the lack of competitive import offers, sources told Metal Bulletin this week.Metal Bulletin's weekly price assessment for domestic CRC in Northern Europe was ?,?610-640 ($728-764) per tonne ex-works on Wednesday December 10, unchanged over the week.The assessment reflected "workable"...Read More

NORTH AMERICAN MORNING BRIEF 10/01: LME base metals prices recover; seaborne iron ore prices retreat; base metals premiums wraps

January 10, 2018 / Tanya Ashreena

The latest metal markets news and price moves to start the North American day on Wednesday January 10.Base metals prices on the London Metal Exchange were mostly higher this morning, with nickel prices continuing to outperform the rest of the complex.The main supporting factors are falling stocks, increased fees for material entering China since the beginning of the year and higher long-term contr...Read More

EUROPEAN MORNING BRIEF 10/01: SHFE trades mostly lower; global aluminum premiums; US non-ferrous scrap exports backpedal

January 10, 2018 / Karen Ng

Good morning from Metal Bulletin's office in Singapore, as we bring you the latest news and pricing stories on Wednesday January 10.Base metals prices on the Shanghai Futures Exchange were mostly lower during Asian morning trading on Wednesday following mixed consumer price index and producer price index readings from China earlier in the day. Nickel and tin prices bucked the general weakness, how...Read More

EXPERT VIEW: New contracts, IB membership category key strategies for LME in 2018

January 10, 2018 / Martin Hayes

After a year focused on re-establishing stability, the London Metal Exchange has started 2018 with its attention on driving more liquidity to the bourse by launching the Introducing Broker membership category and broadening its contract portfolio, says senior metals market consultant Martin Hayes. Twelve months ago, it was fair to say that the LME was facing a period of uncertainty - it had lost i...Read More

LIVE FUTURES REPORT 10/01: LME base metals prices end higher; nickel rally extends

January 10, 2018 / Alice Mason

Nickel continued to rally on the London Metal Exchange during afternoon trading on Wednesday January 10, closing in positive territory alongside the rest of the metals.The three-month nickel price closed up 1.8% on Tuesday's close, having hit an intraday high of $13,200 per tonne earlier, thanks to a tighter market and robust demand from the stainless steel sector."We have a constructive view over...Read More

LME Dec ADV climbs 19% vs last year; total volume little changed in 2017

January 10, 2018 / Alice Mason

The London Metal Exchange closed 2017 in positive fashion as average daily volume (ADV) climbed 19.3% after two previous months of decline. Lead was the strongest performer, with ADV climbing over 50% from December 2016 with 55,717 lots. Last month, lead was the only base metal to record a significant year-on-year increase. Copper's ADV was up 24.3% from the previous year to 150,723 lots, after it...Read More

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