Turkish steel producers have continued to book scrap from the deep-sea market for September deliveries, with prices slightly firmer, sources said on Tuesday September 4.A steel mill in the Iskenderun region booked a cargo from the United States late on September 3, comprising 18,000 tonnes of HMS 1&2 (80:20) at $320 per tonne, 12,000 tonnes of shredded at $325 per tonne and 2,000 tonnes of plate a...Read More
Comex copper prices fell to a multi-week low during morning trading on September 4 in the US, due to a stronger dollar and persistent fears that tariffs will spread globally.Copper for December settlement on the Comex division of the New York Mercantile Exchange tumbled 7.55 cents or 2.8% to $2.5955 per lb. Earlier this morning, the contract fell to $2.58 per lb, the lowest since August 15."After...Read More
Three-month base metals prices on the London Metal Exchange were mixed this morning, Tuesday September 4, with price changes ranged between up by 0.7% for aluminium and down by 0.3% for nickel.Copper and zinc prices were up by 0.2%, with the former at $5,959 per tonne, while lead and tin prices were off by 0.2%.Volume has been low with 4,568 lots traded as at 06.28am London time. Precious metals p...Read More
Lithium producers' share prices have been under pressure all year and some investors are no doubt wondering whether that marks the end of the lithium boom?Metal Bulletin Research's forecast is for the lithium market to shift into a supply surplus this year and as such we have expected prices to fall, so it is understandable that producers' share prices are also suffering. But, with this just the d...Read More
First Cobalt has acquired the Iron Creek property in Idaho, US and eliminated its outstanding royalty, the company said.The move streamlines future permitting and development activities and accelerates the mine planning process, with the North American pure play cobalt company having begun a consultation process and collecting baseline data for future permitting requirements, it noted. The Iron Cr...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia have been mostly stable over the past week, with demand remaining poor, sources told Metal Bulletin on Tuesday September 4.Late August was the Islamic Hajj and Eid al-Adha religious celebrations and holidays in the Gulf region. Demand has remained low since then, with buyers waiting for prices to fall.UAEHot-rolled coil (HRC) wa...Read More
China's hot-rolled coil prices rose on Tuesday September 4 in line with strengthening futures, with participants expecting construction demand to rebound in the coming months.DomesticEastern China (Shanghai): 4,360-4,390 yuan ($639-643) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 4,250-4,270 yuan per tonne, up 10-20 yuan per tonneTransactions were mostly concluded around 4,360-4,37...Read More
Steel futures in China rose during morning trading on Tuesday September 4 despite the Tangshan government's U-turn a day earlier on planned production cuts for this month.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,116 yuan ($603) per tonne, up 31 yuan per tonne January hot-rolled coil: 4,128 yuan per tonne, up 32 yuan per tonne Dalian Commodity Exchange Jan...Read More
ArcelorMittal's Veri??a long products mill in the Asturias region in north-west Spain is to supply India's Delhi Metro Rail Corp with 6,350 tonnes rail steel.The head-hardened rail is destined for the Mumbai Metro rail project, the steelmaker told Metal Bulletin on Tuesday September 4, and deliveries for project are expected to start in 2019, ArcelorMittal said.The Veri??a rail mill has...Read More
Rebar producers have increased their prices for Russia's Central Federal District, the major steel-consuming region in the country, citing a shortage of material in the market.But traders have said that the shortage has been created by the producers and does not accurately reflect the level of demand.Metal Bulletin's weekly assessment of the domestic price for Russian 12mm A500C rebar, including V...Read More
Turkish steel producers have continued to book scrap from the deep-sea market for September deliveries, with prices slightly firmer, sources said on Tuesday September 4.A steel mill in the Iskenderun region booked a cargo from the United States late on September 3, comprising 18,000 tonnes of HMS 1&2 (80:20) at $320 per tonne, 12,000 tonnes of shredded at $325 per tonne and 2,000 tonnes of plate a...Read More
Seaborne iron ore trading stayed thin on Tuesday September 4, while transaction activity at Chinese ports increased.Metal Bulletin 62% Fe Iron Ore Index: $66.62 per tonne cfr Qingdao, up by $0.57 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $65.65 per tonne cfr Qingdao, up by $0.57 per tonne.Metal Bulletin 62% Fe Iron Ore Index Low Alumina: $71.95 per tonne cfr Qingdao, up by $0.20 p...Read More
Steel futures in China rose during morning trading on Tuesday September 4 despite the Tangshan government's U-turn a day earlier on planned production cuts for this month.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,116 yuan ($603) per tonne, up 31 yuan per tonne January hot-rolled coil: 4,128 yuan per tonne, up 32 yuan per tonne Dalian Commodity Exchange Jan...Read More
The market for exports of steel billet from the Commonwealth of Independent States (CIS) was muted this week because producers have closed their order books for September and increased their offer prices for October-rolled material.Metal Bulletin's daily CIS export billet index was $476 per tonne fob on Tuesday September 4, unchanged day-on-day."The CIS mills have sold out September-rolled billet...Read More
Prices for imported rebar in the United Arab Emirates increased during the week ending Tuesday September 4, even though demand continued to be limited, sources told Metal Bulletin.Market activity has failed to improve since the Islamic Eid al-Adha holiday at the end of August.Domestic rebarThe biggest steel producer in the UAE, Emirates Steel, was still offering rebar at 2,178 dirhams ($593) per t...Read More
Manganese ore prices gave up recent gains on Friday August 31 amid buyer resistance to recent offer prices, while alloy prices were steady or higher week on week. Ore prices drop as much as 10 cents in ChinaChinese physical manganese alloys markets tick up, futures weakenSilico-manganese prices rise in IndiaEuropean manganese alloys prices flatline Manganese ore prices dripped on Friday on poorer...Read More
ArcelorMittal's Veri??a long products mill in the Asturias region in north-west Spain is to supply India's Delhi Metro Rail Corp with 6,350 tonnes rail steel.The head-hardened rail is destined for the Mumbai Metro rail project, the steelmaker told Metal Bulletin on Tuesday September 4, and deliveries for project are expected to start in 2019, ArcelorMittal said.The Veri??a rail mill has...Read More
A summary of base metals premiums from across the globe for the week to Tuesday September 4.Please click...Read More
The European ferro-vanadium market has shown renewed signs of life over the past week, with prices beginning to rebound amid a return of consumer interest in the spot market, while Chinese export prices remained flat on a lack of interest among overseas buyers. Chinese export markets continue flat on buyer inactivity EU FeV market sees bump on return of consumer demand US FeV spot market continues...Read More
Nickel prices on the London Metal Exchange fell to their lowest point since January at the close of trading on Tuesday September 4, with prices down by 2.5% amid sharp drops in copper, zinc and lead ,while strength in the US dollar continued to put pressure on base metals.Three-month copper prices fell by 2.6% over the afternoon, continuing to edge away from the $6,000 per tonne support level, to...Read More