The latest news and price moves to start the North American day on Monday September 3. ...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday September 3.Base metals prices on the Shanghai Futures Exchange were mostly drifting lower during Asian morning trading on Monday, with lead the only metal to register any gains.An escalation in the trade spat between China and the United States shook sentiment in the base metals market...Read More
Lead prices on the London Metal Exchange climbed just over 2% by the close of trading on Monday September 3, buoyed by supply disruptions and falling LME inventory while the rest of the complex, bar the three-month zinc price, consolidated lower....Read More
Seaborne iron ore trading stayed muted on Monday September 3 with participants waiting for more clarity on production restrictions in China's steelmaking hub of Tangshan....Read More
Positive sentiment among participants in the seaborne coking coal spot market, particularly those in China, bolstered prices across the board on Monday September 3....Read More
Zijin Mining will take a 63% stake in Serbia's RTB Bor copper mining and smelting complex and will commit $1.46 billion over the next six years to expand its capacity, the company said on Sunday September 2. ...Read More
Copper concentrate treatment and refining charges (TC/RCs) firmed marginally at the end of August, with the market more assured of near-term supply following wage agreements made at the Escondida mine. ...Read More
Copper and zinc inventories at bonded warehouses in Shanghai dropped in August due to increased import activity during an open arbitrage window, while aluminum stocks remained flat and nickel stocks rose slightly. ...Read More
Terms for blister copper refining charges (RCs) in China dropped further in August amid rising demand from new smelters and a drop in shipments of copper scrap from the United States. ...Read More
The latest news and price moves to start the North American day on Monday September 3. ...Read More
Base metals prices on the London Metal Exchange were mixed during morning trading on Monday September 3, with nickel, aluminium and tin prices consolidating lower amid marginal upticks in three-month copper, zinc and lead prices. ...Read More
Daily PDFs will be downloadable until Monday September 3. After that, because of a national holiday, the next daily PDF will be downloadable on Wednesday September 5.Read More
A consortium including Indian steelmaker JSW Steel has completed the acquisition of debt-ridden compatriot steelmaker Monnet Ispat Steel, JSW chief executive officer Sajjan Jindal said late last week....Read More
The fledgling rebounds in the base metals seen in the second half of August have stalled and in the case of nickel have been reversed with prices setting fresh lows this morning, Monday September 3. China’s Caixin manufacturing purchasing managers’ index (PMI) disappointed with a drop to 50.6 for August, after a 50.8 reading in July, although Japan’s final manufacturing PMI came in...Read More
Turkey exported 590,685 tonnes of flat steel products in July 2018, according to the latest data from the Turkish Statistical Institute (TUIK). ...Read More
As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in August 2018....Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. ...Read More
China's hot-rolled coil prices were mixed on Monday September 3, with those in the eastern region rising on early futures gains while the market in the north weakened following news that the Tangshan government was making a U-turn on measures to cut production that had been announced earlier....Read More
Turkey imported 593,154 tonnes of flat steel in July 2018, down by 28.55% year on year from 830,197 tonnes in July 2017, according to the Turkish Statistical Institute (TUIK). ...Read More
Signs of bottoming out emerged in chrome ore and charge chrome markets over the seven days to Friday August 31 despite a softening of domestic ferro-chrome prices. ...Read More