Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week.UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources to...Read More
Prices for alloy steel scrap in the UK and Europe were stable this week amid heavily subdued trading and largely flat nickel prices, Metal Bulletin learnt on Friday July 13.Metal Bulletin's weekly price assessment for 18/8 stainless steel solids imported into mainland Europe was ?,?1,160-1,180 ($1,354-1,378) per tonne cif main European ports on July 13, unchanged week on week.In the UK, the domest...Read More
Pig iron buyers in the United States did not fulfill expectations and resume their booking activities this week, because bids and offers in the market diverged.Metal Bulletin's price assessment for US pig iron imports was unchanged at $410-415 per tonne cfr on Friday July 13 because no new bookings have been heard.Bids from buyers in the country came at $405 per tonne cfr, $5-10 per tonne...Read More
Brazilian slab export prices widened downward this week with offers and deals for Brazilian material starting to be seen out of the North American market.Metal Bulletin's weekly assessment of Brazilian slab export prices was $520-595 per tonne fob on Friday July 13, compared with $585-595 per tonne fob on July 6.Most of the volumes booked this week were at prices within the range of $585-595 per t...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week.UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources to...Read More
The European stainless steel market is quiet and stable, with the slow summer season having fully taken effect this week and participants awaiting the European Commission's (EC) announcement on the possible introduction of safeguarding measures. Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet in Northern Europe was stable at ?,?1,000-1,050 ($...Read More
Germany's independent competition authority, Deutsches Bundeskartellamt (German Federal Cartel Office), has imposed fines totaling ?,?205 million ($239 million) on "six special steel companies, a trade association and ten individuals" for fixing prices, it said."For years, the companies have coordinated on important price components for the sale of special steel," Bundeskartellamt president Andrea...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week.UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources to...Read More
Germany's independent competition authority, Deutsches Bundeskartellamt (German Federal Cartel Office), has imposed fines totaling ?,?205 million ($239 million) on "six special steel companies, a trade association and ten individuals" for fixing prices, it said."For years, the companies have coordinated on important price components for the sale of special steel," Bundeskartellamt president Andrea...Read More
China's finished steel exports increased in June from a year earlier and continued to rise on a month-on-month basis, according to preliminary Chinese customs data. The country shipped 6.94 million tonnes of finished steel abroad last month, up 1.9% from 6.81 million tonnes a year earlier, the country's customs agency said on Friday July 13. Last month's shipments are also 0.9% higher...Read More
The prices for flat steel imported into South America were virtually unchanged this week, on stable offers from China.The import price of hot-rolled coil (HRC) narrowed downward to $630-635 per tonne cfr on Friday July 13, from $630-640 per tonne cfr a week earlier.The price of...Read More
Copper concentrate treatment and refining charges (TCs/RCs) rose to ten-month highs in mid-July when miners began to sell tonnages at higher prices and smelters consolidated their purchasing with terms around $90 per tonne/$0.09 per lb.The Metal Bulletin copper concentrates index jumped by $6.30/$0.63 to $86.10/$0.861, the highest level since October 2017.The volume of tonnages traded has reduced...Read More
An overview of the battery raw materials markets and their price moves from the past week....Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish steel producers resumed scrap bookings in the deep-sea markets for August deliveries, with prices falling through the week.UK ferrous scrap prices for deliveries in July have mostly gone up after a jump in prices to Europe's key export destination of Turkey in June, trade sources to...Read More
The latest news and price moves to start the North American day on Friday July 13.Base metals price on the London Metal Exchange edged mostly lower during morning trading, pressured by further uncertainty over US-Sino trade relations after the bilateral trade surplus between the two countries widened to record levels in June.Here's how base metals prices looked at 12pm London time:Read...Read More
Good morning from Metal Bulletin's office in Asia as we bring you the latest news and pricing stories on Friday July 13.Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Friday, with the market still troubled by the escalating trade war between China and the United States. Zinc led the SHFE base metals complex lower during the early trading sessi...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week.Base metals The main union at Escondida, the world's largest copper mine, has rejected the company's latest contractual offer and threatened to strike if BHP do not make substantial changes to its wage offer. Two companies have exited the London Metal Exchange warehousing business in t...Read More
The supervisory board of German steelmaker ThyssenKrupp has "unanimously appointed" Guido Kerkhoff as its interim ceo, it said on Friday July 13.Kerkhoff, who was previously the company's chief finance officer, will, "run the company until the supervisory board has completed the structured process of finding...Read More
Indonesia's growing presence in the international market as a stainless steel exporter - made possible by an influx of Chinese-backed producers in the country - presents a potential challenge to China's dominance of the Asian markets, participants told Metal Bulletin.Playing a key role in the market and squeezing China's market share currently is PT Indonesia Tsingshan Stainless Steel, a low-cost...Read More
Nickel prices on the London Metal Exchange once again fell below $14,000 per tonne at the close of trading on Friday July 13, with broad gains across the complex capped by the ongoing trade dispute between the US and China. The metal's three-month price continues to exhibit volatile price shifts, exemplified in today's intraday trading range of $390 per tonne. "Broad-based weakness in the bas...Read More