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 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
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
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
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. ...Read More
The UK steel industry has raised several concerns over the implications of a "no-deal" Brexit scenario, industry group UK Steel said in a briefing paper released last week....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
Key data from Metal Bulletin's Wednesday August 15 pricing session in China....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, shori...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Thursday August 16....Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 14 points in pre-opening trade. Index futures are responding to news of renewed trade talks between China and the U.S. as well as better than expected quarterly reports by two Dow Jones Industrial stocks. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobl...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
Physical iron ore was traded at lower prices on Thursday August 16 following further losses in the paper market....Read More
Lower offers on a trading platform in contrast with actual transactions for seaborne coking coal on Thursday August 16 have left market participants in a state of confusion....Read More
China's metallurgical coke market is picking up strength in August, with domestic prices soaring amid supply concerns, pushing up export offers....Read More
China's ferrous futures picked up strength during the early trading session on Thursday August 16 after two subdued mornings, with the rebar and coke contracts leading the charge....Read More
Base metals prices on the London Metal Exchange were broadly higher during morning trading on Thursday August 16, recovery slightly after reaching fresh 2018 lows at the close of trading on Wednesday. ...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