China's steel futures began the morning trading session on Monday August 20 with gains following up from the morning session on Friday August 17, while coke futures bucked the uptrend....Read More
CIS export wire rod and rebar prices fell in the week ended Monday August 20 following the crash in the Turkish market that was triggered when the United States doubled to 50% its import duty on Turkey-origin steel imports....Read More
The export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States softened during the week ended Monday August 20 on low demand in the Middle East-North Africa (Mena) region....Read More
Sellers of UG2 chrome ore have lowered their offers over the past week while the yuan softened against the dollar and inventories continued to rise....Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Monday August 20, boosted by growing optimism over US-Sino trade relations amid a slight retreat in the dollar index. ...Read More
The latest metal markets news and price moves to start the North American day on Monday August 20....Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday August 20.Base metals prices on the Shanghai Futures Exchange were up across the board during morning trading on Monday, with the complex finding support from an apparent easing in trade tensions between China and the United States.Check Metal Bulletin's live futures report here.The US...Read More
The global steel and ferrous scrap markets have been turned upside down on a flurry of unexpected trade flows caused by a combination of economic jitters in Turkey, trade defences by the United States and production cuts in China....Read More
Base metals prices on the London Metal Exchange were mostly higher at the close of trading on Monday August 20, boosted by growing optimism over US-Sino trade relations amid a slight retreat in the dollar index. ...Read More
More concerns over steelmaking restrictions in China boosted steel prices on Monday August 20 while demand for iron ore cooled....Read More
The seaborne premium hard coking coal market was quiet on Monday August 20, with Chinese buyers blaming adverse currency movements and port restrictions for their reluctance to procure imported materials. ...Read More
Turkish steel producers did not participate in the market on Monday August 20 and many expected there to be no trading this week because of the Islamic Eid al-Adha holiday....Read More
High growth in demand for lithium batteries is spurring a three-fold growth in mine production of the material over the next four years, according to analytics firm GlobalData. According to the company, 86,000 tonnes of new lithium metal capacity is slated to come on stream, tapping into the push toward the electrification of mobility, and in particular, growth in the development of batteries for...Read More
Turkey has requested dispute consultations with the United States at the World Trade Organization (WTO) regarding the doubling of US duties on certain imported steel and aluminium products, the trade group said on Monday August 20."Turkey claims that the measures are inconsistent with a number of provisions of the WTO's Agreement on Safeguards and the General Agreement on Tariffs & Trade [Gatt] 19...Read More
Alumina prices fob Australia continued to rise on Monday August 20 due to increased tightness in the spot market, with expectations of further price rises in the coming weeks. ...Read More
An "independent body" will decide in six weeks' time whether to close Sterlite's Tuticorin copper smelter in the southern Indian state of Tamil Nadu, according to local media reports on Monday August 20....Read More
Workers will not strike at Escondida, the world's largest copper mine, after an agreement was sealed between the union and operator BHP late last week. A new collective contract was signed on the afternoon of Friday August 17 between the company and Union No 1 representing around 2,500 Escondida mine workers, BHP said in a statement on Friday. The miner declined to provide details of the agreement...Read More
The latest metal markets news and price moves to start the North American day on Monday August 20....Read More
Base metal prices on the London Metal Exchange pushed higher during morning trading on Monday August 20, bolstered by a stronger yuan amid renewed talks between the United States and China. ...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday August 20*...Read More