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
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'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
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
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
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
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
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 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
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
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
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
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
Comex copper prices were slightly lower on Tuesday July 3 morning in the US, with trade shallow ahead of the Fourth of July holliday.Copper for September settlement on the Comex division of the New York Mercantile Exchange inched down 0.10 cents or 0.1% to $2.9430 per lb. The contract now sits at its lowest point since August 2017.Base metals have...Read More
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
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
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
The US Midwest aluminium premium dropped for the third assessment in a row, as an ever-widening backwardation on the London Metal Exchange has pushed suppliers to offer at levels not seen since early April. American Metal Market's latest assessment of the US P1020 spot premium dropped to 20-20.75 cents per lb on Tuesday July 3, down from 20.5-21 cents per lb previously. The premium is now dow...Read More
A summary of base metals premiums from across the globe for the week to Tuesday July 3.Please click...Read More
Comex copper prices were slightly lower on Tuesday July 3 morning in the US, with trade shallow ahead of the Fourth of July holliday.Copper for September settlement on the Comex division of the New York Mercantile Exchange inched down 0.10 cents or 0.1% to $2.9430 per lb. The contract now sits at its lowest point since August 2017.Base metals have...Read More