Young Poong's Sukpo zinc smelter is operating normally and has not been shutdown for environmental reasons, the company told Metal Bulletin in a statement today on August 16....Read More
Large volume inquiries for spot cobalt units returned in the first half of the week, leaving market participants to suggest prices are close to bottoming out after 15 consecutive weeks of declines. In addition to increased demand, buyers reported particular difficulty securing low-grade briquettes and broken cathodes in Rotterdam, pushing the market to a premium over high-grade material. Metal Bul...Read More
China's growing focus on antimony smuggling along the China-Vietnam border has left many in the antimony market worried they will not get their contracts fulfilled. ...Read More
The Turkish steel producers have extended their silence in the deep-sea scrap markets amid the uncertainty caused by the tensions between the United States and Turkey, sources said on Thursday August 16....Read More
The UK Competition and Markets Authority (CMA) has ordered European Metal Recycling (EMR) to sell five of the scrap metal waste yards that it bought from Metal Waste Recycling (MWR) because of concerns about reduced competition....Read More
Key data from the Wednesday August 15 pricing session in Asia. ...Read More
Comex copper prices saw some short-covering on the morning of Thursday August 16 in the United States amid hopes of a trade agreement between China and the US....Read More
News that trade talks between China and the United States will take place later this month has sparked risk-on sentiment in the London Metal Exchange base metals complex this morning. Also, the risk of a 'Lira contagion' has subsided considerably after Turkish central bank intervened. Further support arrived in the form of $15 billion investment from Qatar into the Turkish economy, shoring up stab...Read More
Large volume inquiries for spot cobalt units returned in the first half of the week, leaving market participants to suggest prices are close to bottoming out after 15 consecutive weeks of declines. In addition to increased demand, buyers reported particular difficulty securing low-grade briquettes and broken cathodes in Rotterdam, pushing the market to a premium over high-grade material. Metal Bul...Read More
The outlook for cold-rolled coil (CRC) in Europe remains positive despite a slow market, sources told Metal Bulletin on Thursday August 16....Read More
China's domestic hot-rolled coil prices have fallen following commodity futures losses on Thursday August 16, while a rebound in inventory dampened participants' sentiment....Read More
Eastern China's Jiangsu province is urging steel mills to upgrade in a move to build up advanced steel industry clusters along the Yangtze River and East China Sea, it said in a report released this month....Read More
The pricing spread for imported rebar has slightly widened following President Donald Trump's decision to double the Section 232 tariffs against Turkey, effectively halting Turkish steel shipments into the United States....Read More
Turkish domestic rebar and wire rod prices have gone down sharply when priced in US dollars despite increasing on a lira basis, sources said on Thursday August 16....Read More
Turkish rebar export prices have sharply declined this week while the trade tensions between Turkey and the US deepen, sources said on Thursday August 16....Read More
Buyers in the market for pig iron exports from the Commonwealth of Independent States have become cautious because of the trade tensions between the United States and Turkey, two of the commodity's major outlets....Read More
The import market for hot-briquetted iron (HBI) in Italy has been largely quiet this week because of summer holiday absences, Metal Bulletin heard on Thursday August 16....Read More
The Turkish steel producers have extended their silence in the deep-sea scrap markets amid the uncertainty caused by the tensions between the United States and Turkey, sources said on Thursday August 16....Read More
Turkish billet prices have gone down sharply over the past week amid the economic and political problems in the country, sources said on Thursday August 16....Read More
Steel billet import prices in Egypt continued to fall in the week to Thursday August 16, with lower offers coming in from the CIS and Turkey, while domestic rebar prices remained unchanged....Read More