Seaborne iron ore prices picked up on Thursday September 6 with index-linked shipments of Pilbara Blend fines traded at little or no discount.Metal Bulletin 62% Fe Iron Ore Index: $68.39 per tonne cfr Qingdao, up by $1.60 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $67.42 per tonne cfr Qingdao, up by $1.60 per tonne.Metal Bulletin 62% Fe Iron Ore Index, Low Alumina: $74.60 per tonne...Read More
China's ferrous futures rose during morning trading on Thursday September 6, following the confirmation of steel production restrictions in Tangshan for this month, which had been issued earlier this week only to be withdrawn shortly after.Futures closing prices - morning sessionShanghai Futures ExchangeJanuary rebar: 4,137 yuan ($605) per tonne, up 39 yuan per tonneJanuary hot-rolled coil: 4,135...Read More
Demand for flat steel in Turkey is expected to remain slow throughout September, but prices are not expected to fall because there is strong export demand, market participants told Metal Bulletin on Thursday September 6.Local producers have filled their order books until the end of October, and are planning to increase their prices for November bookings, despite weak local demand.On August 10, Uni...Read More
Turkish billet prices have strengthened over the past week, in line with the increasing scrap values, sources said on Thursday September 6.Although, the demand for imported billet in Turkey was sluggish with mills focusing on scrap imports instead, market participants said.Metal Bulletin's weekly price assessment for billet imports into Turkey was $485-490 per tonne cfr on September 6, up from $47...Read More
Steel billet import prices in Egypt widened in the week ended Thursday September 6, with several deals heard from the CIS region and Iran, while domestic rebar prices were stable.Metal Bulletin's weekly price assessment for steel billet imported into Egypt was $495-503 per tonne cfr on Thursday, widening from $500 per tonne cfr when it...Read More
The molybdenum markets in Europe moved up in the middle of the week that began on Monday September 3, with values being pushed up by increased prices for ferro-molybdenum and signs of stronger deals in Asia, sources told Metal Bulletin this week.But suppliers remained wary about committing to business before consumer businesses were fully staffed again after the summer holiday period, which will p...Read More
Import prices for stainless steel in East Asia dipped over the past week, pressured by soft regional demand and a downtrend in the nickel market, although some sellers in China were still reluctant to lower their offers. Metal Bulletin's assessment of import prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,150-2,195 per tonne cif East Asian ports for the week ended Wednesday...Read More
German steel conglomerate ThyssenKrupp is planning to build a new hot-dipped galvanizing line in Dortmund, Germany, the company said earlier this week.The new line will be built next to the existing one to allow them to share technical and supply services. The new unit will increase the site's capacity for hot-dipped coated products by 500,000 tonnes per year to a total of 1 million tpy.The announ...Read More
Demand for flat steel in Turkey is expected to remain slow throughout September, but prices are not expected to fall because there is strong export demand, market participants told Metal Bulletin on Thursday September 6.Local producers have filled their order books until the end of October, and are planning to increase their prices for November bookings, despite weak local demand.On August 10, Uni...Read More
Steel industry associations in Mexico and Canada have called on the governments of Mexico, Canada and the United States to eliminate all trade restrictions on steel and aluminium between North American trading partners as part of the renegotiation of the North American Free Trade Agreement.In a joint statement between the Canadian Steel Producers Association (CSPA) and Mexico's C??mara Nacional de...Read More
The molybdenum markets in Europe moved up in the middle of the week that began on Monday September 3, with values being pushed up by increased prices for ferro-molybdenum and signs of stronger deals in Asia, sources told Metal Bulletin this week.But suppliers remained wary about committing to business before consumer businesses were fully staffed again after the summer holiday period, which will p...Read More
Demand for flat steel in Turkey is expected to remain slow throughout September, but prices are not expected to fall because there is strong export demand, market participants told Metal Bulletin on Thursday September 6.Local producers have filled their order books until the end of October, and are planning to increase their prices for November bookings, despite weak local demand.On August 10, Uni...Read More
Copper prices on the London Metal Exchange were up by approximately 1% at the close of trading on Thursday September 6, propped up by a raft of fresh buying and a softer dollar index, while a downswing in aluminium prices came amid escalating US-Sino trade tensions. With more than 100,000 tonnes booked for removal since August 20, total on-warrant copper inventory remains at its lowest level since...Read More
The London Metal Exchange's senior vice president of business development, Marko Kusigerski, has left the exchange after more than four years, Metal Bulletin has learned, while Mario Quonils has joined the bourse as chief technology officer. Kusigerski joined the LME in 2014 as a business development project manager for the newly established LMEbullion electronic auction system, working up to assi...Read More
The latest metal markets news and price moves to start the North American day on Thursday September 6. The prices of base metals traded on the London Metal Exchange were mostly higher during morning trading on Thursday September 6, spurred by a bout of fresh buying due to a weaker dollar and progress in the United States and Canada trade talks.Appreciating by more than 1% during the morning, coppe...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday September 6.Base metals prices on the Shanghai Futures Exchange were broadly up during Asian morning trading on Thursday, with zinc and copper pulling the rest of the complex higher. Lead and tin bucked the general strength, with both metals' prices undergoing a correction following r...Read More
The London Metal Exchange's senior vice president of business development, Marko Kusigerski, has left the exchange after more than four years, Metal Bulletin has learned, while Mario Quonils has joined the bourse as chief technology officer. Kusigerski joined the LME in 2014 as a business development project manager for the newly established LMEbullion electronic auction system, working up to assi...Read More
Copper prices on the London Metal Exchange were up by approximately 1% at the close of trading on Thursday September 6, propped up by a raft of fresh buying and a softer dollar index, while a downswing in aluminium prices came amid escalating US-Sino trade tensions. With more than 100,000 tonnes booked for removal since August 20, total on-warrant copper inventory remains at its lowest level since...Read More
The London Metal Exchange's senior vice president of business development, Marko Kusigerski, has left the exchange after more than four years, Metal Bulletin has learned, while Mario Quonils has joined the bourse as chief technology officer. Kusigerski joined the LME in 2014 as a business development project manager for the newly established LMEbullion electronic auction system, working up to assi...Read More
Comex copper prices continued to demonstrate that Tuesday's sell-off was not a new trend on Thursday September 6 morning in the US, with the base metals group benefiting from a weaker dollar and solid US data.Copper prices for December settlement on the Comex division of the New York Mercantile Exchange rose 3.70 cents, or 1.4%, to $2.6470 per lb.Following the Labor Day weekend, copper prices tumb...Read More