Base Metal Stocks Articles

Japan producer hikes Aug HRC offer on bullish expectations

July 03, 2018 / Paul Lim

A leading Japanese steel major has hiked its offers for August-shipment hot-rolled coil (HRC) to $660-665 per tonne cfr Southeast Asia after market sentiment turned bullish.It is offering base-grade HRC at $660 per tonne and SS400 HRC at $665 per tonne to Malaysia. It is offering base-grade HRC at $660 per tonne and SAE1006 HRC at $665 per tonne to Indonesia. It is not offering any HRC to Vietnam....Read More

China AM: Futures drop amid physical weakness

July 03, 2018 / July Zhang

China's ferrous futures retreated across the board during morning trading on Tuesday July 3, especially the steel contracts, amid weakness in the physical markets.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,723 yuan ($562) per tonne, down 46 yuan per tonne October hot-rolled coil: 3,835 yuan per tonne, down 37 yuan per tonne Dalian Commodity Exchange Septemb...Read More

Long Steel Products Trade Log, July 3, 2018

July 03, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transactions: rebarRebarOman, export, rebar, traded at $615-620 per tonne cfr, theoretical weight, to the UAE.Oman,...Read More

RUSSIA REBAR: NLMK follows Severstal with domestic price cut

July 03, 2018 / Marina Shulga

Novolipetsk Steel (NLMK) has reduced its rebar prices for Russia's Central region, following similar action by fellow steelmaker Severstal, which decreased its offers last week.Metal Bulletin's domestic prices for Russian 12mm A500C rebar narrowed downward on July 2 by 1,000 roubles per tonne to 37,000-37,500 roubles ($585-593) per tonne cpt Moscow, including...Read More

CIS LONG STEEL: Market quiet on low buying activity, scarce offers

July 03, 2018 / Vlada Novokreshchenova

CIS export rebar and wire rod prices remained largely unchanged in the week ended Monday July 2 because buying activity was reduced.Metal Bulletin's weekly assessment of rebar export prices from the CIS widened downward by $5 per tonne to $545-575 per tonne fob Black Sea on July 2.There were not many offers of rebar because most mills have almost closed their order books for July.Several market pa...Read More

DAILY SCRAP REPORT: Prices set to fall in line with weakening product values

July 03, 2018 / Cem Turken

Turkish steel mills have remained quiet in the deep-sea scrap markets, waiting for lower prices from suppliers due to falling values for finished steel and billet, sources said on Tuesday July 3.The mills in the country booked a number of deep-sea cargoes from the United States last week but fell quiet later in the week. The material in the cargoes was priced around $354 per tonne cfr for HMS 1&2...Read More

IRON ORE DAILY: Australian lump continues to outperform fines

July 03, 2018 / July Zhang

Australian iron ore lump prices continued to rise on Tuesday July 3, while fines prices stayed rangebound.Metal Bulletin 62% Fe Iron Ore Index: $64.55 per tonne cfr Qingdao, up $0.01 per tonne Metal Bulletin 58% Fe Premium Index: $51.95 per tonne cfr Qingdao, up $0.03 per tonne Metal Bulletin 65% Fe Iron Ore Index: $91.50 per tonne cfr Qingdao, down $0.10 per tonne Metal Bulletin 62% Fe China Port...Read More

China AM: Futures drop amid physical weakness

July 03, 2018 / July Zhang

China's ferrous futures retreated across the board during morning trading on Tuesday July 3, especially the steel contracts, amid weakness in the physical markets.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,723 yuan ($562) per tonne, down 46 yuan per tonne October hot-rolled coil: 3,835 yuan per tonne, down 37 yuan per tonne Dalian Commodity Exchange Septemb...Read More

CIS STEEL BILLET: Prices fall again amid low trading activity

July 03, 2018 / Vlada Novokreshchenova

Prices in the steel billet export market in the Black Sea region continued to fall on Tuesday July 3, with customers in the major outlets still showing little interest in imported material.Metal Bulletin's CIS billet export index was $510 per tonne fob Black Sea on Tuesday, down by $6 per tonne day-on-day.Offer prices of the material varied mainly within the range of $515-520 per tonne fob Black S...Read More

GULF STEEL BILLET, REBAR: Prices steady as summer heat halts construction

July 03, 2018 / Serife Durmus

Prices for rebar in the United Arab Emirates were stable this week with demand being low for seasonal reasons, sources told Metal Bulletin on Tuesday July 3.Construction activity is at a very low level in the heat of summer, and demand is not expected to improve any time soon, sources said.Domestic rebarMajor rebar producers in the UAE rolled over their rebar prices again on June 29 and prices are...Read More

CHINA REBAR: Domestic prices down on weak demand

July 03, 2018 / Jessica Zong

China's domestic rebar prices kept dropping on Tuesday July 3 amid weak demand. Domestic Eastern China (Shanghai): 3,950-3,990 yuan ($593-599) per tonne, down 30 yuan per tonne Northern China (Beijing): 3,860-3,900 yuan per tonne, widened downward by 10 yuan per tonne Bad weather led construction sites to shorten their working hours, which sapped demand for rebar, a trader in east China said. The...Read More

Finnfjord to carry out maintenance work at ferro-silicon furnace in Q3, source says

July 03, 2018 / Declan Conway

Norwegian ferro-silicon producer Finnfjord Smelteverk will cut about 3,500 tonnes of production between July and August of this year because of planned maintenance to one of its furnaces, according to an industry source. The company, which has its plant in the north of the country, operates three furnaces, one with capacity for 20,000 tonnes per year and two with capacities for 40,000 tpy. Mainten...Read More

GLOBAL CHROME WRAP: Chinese ferro-chrome spot prices, tenders jump amid widespread smelter shutdowns

July 03, 2018 / Janie Davies

Domestic Chinese ferro-chrome prices have risen in line with July tender prices from leading stainless steel mills. Spot domestic ferro-chrome prices rise in China Chrome ore, charge chrome import prices slideJapanese alloy prices edge upFerro-chrome prices rise in Europe Alloy markets flat in South Korea, United StatesChinese spot domestic ferro-chrome prices rose 4% in the week to Friday June 29...Read More

GLOBAL VANADIUM WRAP: Tight supply continues to fuel global ferro-vanadium prices

July 03, 2018 / Charlotte Radford

Vanadium prices resumed their rally in earnest last week after buyers paid higher prices to secure scarce units, with no signs of change to the persistent tight supply situation. Chinese export prices jump with spot units in limited supply amid persistent foreign inquiries European ferro-vanadium prices surge in the second half of the week after sellers hold firm with their offers Thin spot supply...Read More

RUSSIA REBAR: NLMK follows Severstal with domestic price cut

July 03, 2018 / Marina Shulga

Novolipetsk Steel (NLMK) has reduced its rebar prices for Russia's Central region, following similar action by fellow steelmaker Severstal, which decreased its offers last week.Metal Bulletin's domestic prices for Russian 12mm A500C rebar narrowed downward on July 2 by 1,000 roubles per tonne to 37,000-37,500 roubles ($585-593) per tonne cpt Moscow, including...Read More

LIVE FUTURES REPORT 03/07: LME zinc falls to 11-mth low; copper edges below $6.5k/t

July 03, 2018 / Hassan Butt

Zinc prices on the London Metal Exchange struggled at the close of trading on Tuesday July 3, falling 1.1% over the afternoon and dipping below $2,800 per tonne for the first time since August 2017 amid broadly bearish trading conditions. "The base metals complex this morning remains uninspiring, with most metal prices struggling to attract dip-buying interest. The LME zinc price is still trading...Read More

CIS LONG STEEL: Market quiet on low buying activity, scarce offers

July 03, 2018 / Vlada Novokreshchenova

CIS export rebar and wire rod prices remained largely unchanged in the week ended Monday July 2 because buying activity was reduced.Metal Bulletin's weekly assessment of rebar export prices from the CIS widened downward by $5 per tonne to $545-575 per tonne fob Black Sea on July 2.There were not many offers of rebar because most mills have almost closed their order books for July.Several market pa...Read More

CIS STEEL BILLET: Prices fall again amid low trading activity

July 03, 2018 / Vlada Novokreshchenova

Prices in the steel billet export market in the Black Sea region continued to fall on Tuesday July 3, with customers in the major outlets still showing little interest in imported material.Metal Bulletin's CIS billet export index was $510 per tonne fob Black Sea on Tuesday, down by $6 per tonne day-on-day.Offer prices of the material varied mainly within the range of $515-520 per tonne fob Black S...Read More

NORTH AMERICAN MORNING BRIEF 03/07: LME base metals prices tick higher; Glencore subpoenaed; Japan producer ups HRC offers

July 03, 2018 / editorial@metalbulletin.com

The latest metal markets news and price moves for the start of the North American day on Tuesday July 3.Base metals on the London Metal Exchange edged higher during morning trading, supported by a downtick in the dollar index, while turbulent trade relations between the United States and major economies continue to destabilize commodities.Here's how base metals prices looked at 11:56am London time...Read More

EUROPEAN MORNING BRIEF 03/07: Firmer dollar caps gains in SHFE base metals prices; cobalt prices dip below $40 per lb; oil companies tapping into electromobility revolution

July 03, 2018 / Karen Ng

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday July 3.Base metals prices on the Shanghai Futures Exchange were little changed to slightly stronger during Asian morning trading on Tuesday, with a firmer dollar following healthy data releases from the United States putting a cap on any price gains. Lead was the outperformer of the SH...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok