Metals packaging firm Ball Corp is to cease production at its beverage packaging plant in Cuiab??, Brazil, and will provide for customers' needs through others of the company's units in the country.The Cuiab?? plant opened in 1998 and employs about 70 people, some of whom will transfer to other Ball locations."Absorbing this one line-can plant into Ball's remaining network of 13 plants in...Read More
The latest metal markets news and price moves for the start of the North American day on Thursday July 5.Base metals on the London Metal Exchange ticked higher across the board during morning trading with lead prices climbing by 1.7% after a fresh 15,000 tonne cancelation in Antwerp. Here's how base metals prices look at 12:12pm London time:Read our live futures report here."With the LME nearby sp...Read More
GFG Alliance, the parent company of international metals group Liberty House, has acquired the freehold and cargo-handling services of Bird Port in Newport, South Wales, UK, it said on Thursday July 5.Bird Port, which will be renamed SIMEC Bird Port following completion of the deal, handles cargoes totaling as much as 800,000 tonnes per year, mainly steel and bulk products. The port is also used b...Read More
Turkish billet import prices have gone down this week on sluggish demand, while domestic and export prices have remained largely stable, sources said on Thursday July 5.Metal Bulletin's weekly price assessment for billet imports into Turkey was $520-530 per tonne cfr, down from last week's $530-540 per tonne.The downward movement in the assessment came after CIS suppliers lowered their offers to $...Read More
Turkish domestic rebar and wire rod prices have gone down over the past week due to sluggish demand, sources said on Thursday July 5.Metal Bulletin's weekly price assessment for domestic rebar in Turkey was $550-560 per tonne ex-works on Thursday, narrowing downward from last week's $550-565 per tonne."Time has passed since the [presidential and parliamentary] elections [in Turkey on...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom.Latest transaction: billetBilletCIS,...Read More
Turkish rebar export prices have gone down slightly over the past week, amid sluggish buying. But market participants were generally optimistic and expected demand to improve, sources said on Thursday July 5.Metal Bulletin's weekly price assessment for rebar exports out of Turkey was $545-555 per tonne fob on an actual weight basis, narrowing downward from the $545-560 per tonne of last week.Turki...Read More
Imported steel billet prices decreased this week in Egypt with lower offers heard in the market, but domestic rebar prices remained unchanged, sources told Metal Bulletin on Thursday July 5.Metal Bulletin's weekly price assessment for domestic rebar in Egypt on Thursday July 5 was unchanged at E ?12,525-12,528 ($699) per tonne ex-works. The country's major rebar producer, Ezz Steel, continued offe...Read More
Metal Bulletin is proposing to amend the minimum tonnage used in the calculation of its CIS Billet Index.The index is a tonnage-weighted calculation intrinsically linked to market transactions. Following internal analysis, Metal Bulletin is proposing to lower the minimum tonnage included in the index in order to ensure that concluded transactions have the largest effect on the final index calculat...Read More
Baowu Steel, China's largest steelmaker, is adding 4.03 million tonnes to its hot metal capacity and 3.61 million tonnes to crude steel capacity at its Zhanjiang city production site in Guangdong province, south China.The increases come at the expense of production cuts at operations in Shanghai and in Jiangsu province.Baowu cut 1.18 million tons of capacity at its Nanjing-based subsidiary Shangha...Read More
Metal Bulletin proposes to divide its existing 0.10% C low-carbon ferro-chrome product into two products according to chromium content. At present Metal Bulletin includes all price points for low-carbon ferro-chrome with a carbon and chromium content of 0.10% and 60-70% chrome respectively into the existing low-carbon ferro-chrome (0.10% C avg 60-64.9% Cr) delivered consumer works Europe $/lb...Read More
Molybdic oxide prices in Europe have dropped slightly amid slow trading activity this week, while the ferro-molybdenum price range widened.Market participants with either long or short positions are jostling to set a price platform in readiness for expected renewed demand in the latter half of the current quarter.The likelihood is that prices are set to hold around the current range until August,...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price quotations, follow the links below:China- APT, fob China- Ferro-tungsten, fob ChinaEurope- APT, cif Rotterdam- Ferro-tungsten, in-warehouse Rotterdam...Read More
Key data from Metal Bulletin's Wednesday July 4 pricing session in China.Molybdenum concentrate MB Chinese free market, 45% Mo, in-warehouse China, RMB/mtuKey drivers:- Demand from steel mills for downstream ferro-molybdenum picked up due to lower prices- As a result, prices for moly concentrates, feedstock of ferro-molybdenum, began to increase on...Read More
Stainless steel scrap supply remains plentiful in the United States amid strong demand, leaving prices stable, although transportation to haul scrap is getting more difficult."Prices are flat, but the big problem is getting trucks to pick up loads!" one scrap dealer said."Overall things are stable heading into July as nickel seems to have settled into a steady trading range as supply and demand se...Read More
Prices for Australian iron ore fines softened further on Thursday July 5 with the benchmark product of Pilbara Blend fines being offered at bigger discounts.Metal Bulletin 62% Fe Iron Ore Index: $63.14 per tonne cfr Qingdao, down $1.06 per tonneMetal Bulletin 62% Fe Pilbara Blend fines Index: $61.91 per tonne cfr Qingdao, down $1.06 per tonneMetal Bulletin 58% Fe Premium Index: $51.55 per tonne cf...Read More
Three-month base metals prices on the London Metal Exchange broadly continued their recent run of weakness on the morning of Thursday July 5. Nickel prices were unchanged, while the rest of the complex was down by between 0.3% for copper ($6,382 per tonne) and 0.7% for aluminium ($2,089 per tonne). Volume has been above average with 8,855 lots traded as at 7:17am London time. This follows a genera...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 21 points in pre-opening trade. Futures are responding to weakness in the U.S. Dollar Index.Index futures were virtually unchanged following release of economic news. Consensus for June ADP employment was 180,000 versus revised 189,000 in May. Actual was 177,000. Consensus for Weekly Jobless Claims was 225,000 versus r...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto,...Read More
Chinese buyers remain on the sidelines of the seaborne coking coal market amid sustained bearishness."There are still some pockets of demand in China but the weakened yuan [has made dollar-denominated cargoes more expensive for Chinese buyers]," an international trader source told Metal Bulletin on Thursday July 5. Earlier in the day, an end-user source submitted a firm bid for a cargo of premium...Read More