Taiwan's ferrous scrap imports increased by 11% on the year in May, according to the territory's customs agency....Read More
Base metals on the London Metal Exchange were mostly lower during morning trading on Wednesday July 18, impeded by a strong advance in the US dollar index amid persistent pressure from escalating global trade tensions. ...Read More
China's domestic rebar prices stopped falling on Wednesday July 18 amid stability in the futures market. ...Read More
The following Metal Bulletin minor metals prices changed on Wednesday July 18:...Read More
An overview of the minor metals markets and the reasons for any price moves. Read More
The European Commission has set preliminary safeguard measures for imports of 23 steel products, it said on Wednesday July 18.The provisional measures will take the form of a Tariff Rate Quota (TRQ) for each of the 23 categories of product. Tariffs of 25% will only be imposed once imports exceed the average of imports over the past three years.The quota will be allocated "on a first come, first se...Read More
Stainless steel scrap prices in the United States have followed the downward trend in the London Metal Exchange's cash nickel contract....Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday July 18:...Read More
Metal Bulletin is proposing to launch four weekly grade-316 alloy steel scrap assessments - two for the UK and two for Europe.Metal Bulletin is proposing to launch two weekly UK domestic grade-316 alloy steel scrap assessments on a delivered to merchant basis, ? per tonne.Metal Bulletin is also proposing to launch two weekly Europe import grade-316 alloy steel scrap assessments on a cif main Euro...Read More
UK long steel producer British Steel has announced plans to upgrade its wire rod line at Scunthorpe in England in 2019, to produce material in a wider range of sizes (up to 28mm) and to tighter tolerances, with better surface quality and micro-structural properties....Read More
Brazilian flat steel import volumes rose by 23.13% year-on-year in June 2018, mostly because of higher inbound shipments from China....Read More
Gold broke below its major support level at $1,238 today in reaction to the Federal Reserve Chairman Jerome Powell’s testimony to the Senate Banking Committee. Gold futures (August Comex contract) closed dramatically lower settling at $1,227.50, losing $12.20, a net decline of almost a full percentage point.Spot gold pricing lost $12.20 by 4:00 PM Eastern standard time and is currently fixed...Read More
NEW YORK, July 17 (Reuters) - China and Japan increased their holdings of U.S. government debt in May, as foreign purchases of Treasuries rose for the first time in three months while benchmark 10-year yield hit a near seven-year peak, data from the Treasury Department showed on Tuesday.Overseas investors bought $26.7 billion in Treasuries in May, compared with $4.78 billion in sales in April.Chin...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump tried on Tuesday to calm a storm over his failure to hold Russian President Vladimir Putin accountable for meddling in the 2016 U.S. election, saying he misspoke in a joint news conference in Helsinki on Monday.Trump stunned the world by shying away from criticizing the Russian leader for Moscow’s actions to undermine the election and cast d...Read More
Nickel Intraday – Buy Nickel Jul at CMP 930.20 for Target 937.50 – 942.60 with SL below price 924.60 Read More
Mcx Lead Tips – Buy Lead at CMP 148.60 Add more at price 148 for Target 149.60 – 150.10 with SL below price 147.50 Read More
DAILY LME STOCK INVENTORY : 17/04/2018Aluminium up by 19375MT,Copper up by 2525MT,Lead unchange MT,Nickel down by -222MTZinc down by -2425MT. Read More
Zinc Trading Hold Call – Zinc Jul Buy Hold call bc7 given at price 171.70 (172.20+171.20) Achieved 1st Target 173.80. CMP 174.60 Near to 2nd target. Profit of 2.9 x 2 lot = 5.8 PointsTIPS ID bc7 : Zinc Hold Carry Call - BUY Zinc Jul at CMP 172.20 Add more at price 171.20 with SL 170.50 for Target 173.80 - 175 Read More
Zinc Target Call – Zinc Buy Call bd8 given at price 171.85 Achieved 2nd Target 173.60. CMP 173.70. Total profit of 1.75 Points per lotCALL ID bd8 : Today Zinc Call - BUY Zinc at CMP 171.85 for Target 172.90 - 173.60 with SL below price 170.75 Read More
(Kitco News) - Gold and silver prices are solidly lower and notched new 12-month lows in early-afternoon U.S. trading Tuesday. The precious metals dropped in conjunction with comments from Federal Reserve Chairman Jerome Powell today that suggested the U.S. economy is strong and inflation is tame. Powell’s remarks lifted the U.S. dollar index to its daily high. August gold futures were last...Read More