Prices for rebar produced and delivered in Southern Europe have widened downward by a further ?,?5 per tonne over the past week, with Italian mills lowering their offers, sources told Metal Bulletin on Wednesday June 13.Metal Bulletin's weekly domestic price assessment for rebar in Southern Europe was ?,?475-500 ($559-588) per tonne delivered on Wednesday, down from ?,?480-500 per tonne on June 6....Read More
UK ferrous scrap prices for monthly deliveries to consumers in June have been rolled over for a second month, trade sources told Metal Bulletin this week.A late flurry in Turkish demand, added to steady demand from Asia and the effects of exchange-rate movements, bolstered the UK market, they added.The market had initially looked as if prices would drop by ?5-10 per tonne at the start of negotiat...Read More
Turkish deep-sea scrap import prices increased on Wednesday June 13, with mills resuming purchases from the Baltic Sea region.A steel mill in the Marmara region booked a 40,000-tonne Baltic Sea cargo, comprising HMS 1&2 (80:20) at $344.50 per tonne and bonus scrap at $354.50 per tonne cfr late on Tuesday June 12. However, the cargo breakdown was not clear at the time of publication.On Wednesd...Read More
Iron ore lump premiums spiked on Wednesday June 13 amid expectations of limits being imposed on sintering activity in parts of China to cut pollution.Metal Bulletin 62% Fe Iron Ore Index: $67.02 per tonne cfr Qingdao, down by $0.21 per tonneMetal Bulletin 58% Fe Premium Index: $54.19 per tonne cfr Qingdao, down by $0.10 per tonneMetal Bulletin 65% Fe Iron Ore Index: $88.50 per tonne cfr Qingdao, u...Read More
The export price for steel billet from Iran picked up in the seven days that ended on Wednesday June 13, with new bookings reported at higher prices.Metal Bulletin's weekly price assessment for Iranian export billet was $505 per tonne fob on June 13, up by $5-10 per tonne week-on-week.Several cargoes of Iran-origin July-rolling billet were reported sold to Egypt and Southeast Asia at $505 per tonn...Read More
China's domestic rebar prices rose further on Wednesday June 13 with buyers raising their procurement rates. Domestic Eastern China (Shanghai): 4,100-4,150 yuan ($640-648) per tonne, up 50 yuan per tonne Northern China (Beijing): 3,920-3,960 yuan per tonne, up 20 yuan per tonne Gains in the futures market during the early trading hours led to buyer stepping up on purchases, which pushed up spot pr...Read More
China is expanding its global steel presence by pumping more investments into overseas assets. Other than its domestic and export prices leading global steel trade, its investments in steel mills around the world let Chinese steelmakers have a physical presence overseas - especially in developing countries where steel demand per capita is expected to continue growing.The latest Chin...Read More
China is expanding its global steel presence by pumping more investments into overseas assets. Other than its domestic and export prices leading global steel trade, its investments in steel mills around the world let Chinese steelmakers have a physical presence overseas - especially in developing countries where steel demand per capita is expected to continue growing.The latest Chin...Read More
Some prices of domestic hollow steel sections in Southern Europe dipped this week, which sources attributed to continuing political uncertainty causing a lack of transparency in the market.Metal Bulletin's price assessment for commodity-size, grade-S235 square hollow sections made and delivered in Northern Europe was ?,?630-650 ($742-765) per tonne delivered on Wednesday June 13, unchanged from la...Read More
Turkish pipe export prices have continued to weaken in June on low demand and falling raw materials prices, sources said on Wednesday June 13.Metal Bulletin's monthly export price assessment for EN10219-standard, grade-S235 tube, with 2mm wall thickness, was $620-640 per tonne fob on June 13, down from $640-650 per tonne on May 9.Turkish mills...Read More
China is expanding its global steel presence by pumping more investments into overseas assets. Other than its domestic and export prices leading global steel trade, its investments in steel mills around the world let Chinese steelmakers have a physical presence overseas - especially in developing countries where steel demand per capita is expected to continue growing.The latest Chin...Read More
Pakistan's National Tariff Commission (NTC) has imposed anti-dumping duties on color-coated coil (PPGI) from China and South Africa, the NTC said on Wednesday, June 13. PPGI imports more than 0.23mm thick and classified under HS codes 7210.7020, 7210.7090, 7212.4010 and 7212.4090 from Chinese producers will be subject to 5.36-10.88% duty. PPGI imports of the same specification...Read More
China is expanding its global steel presence by pumping more investments into overseas assets. Other than its domestic and export prices leading global steel trade, its investments in steel mills around the world let Chinese steelmakers have a physical presence overseas - especially in developing countries where steel demand per capita is expected to continue growing.The latest Chin...Read More
UK ferrous scrap prices for monthly deliveries to consumers in June have been rolled over for a second month, trade sources told Metal Bulletin this week.A late flurry in Turkish demand, added to steady demand from Asia and the effects of exchange-rate movements, bolstered the UK market, they added.The market had initially looked as if prices would drop by ?5-10 per tonne at the start of negotiat...Read More
Severstal and Novolipetsk Steel (NLMK), two of the largest rebar suppliers to Russia's Central region, cannot increase their rebar prices despite this being the peak of the construction season, sources told Metal Bulletin on Wednesday June 13.The reasons they give are the unexpected weakness in the secondary market and the lower offers heard from "alternative suppliers.""[Traders] are now selling...Read More
Key suppliers of hot rolled (HR) and cold rolled (CR) steel sheet to Russia's Central region around Moscow have reduced their prices because of the weak secondary market, Metal Bulletin was told this week.Metal Bulletin's weekly assessment of the price for Russia-origin 4mm HR sheet was 44,700-44,900 roubles ($711-714) per tonne cpt Moscow on Wednesday June 13, including VAT. This was down from 46...Read More
Domestic prices for mesh-quality wire rod produced and delivered in both Northern and Southern Europe have gone unchanged over the past week, sources said on Wednesday June 13.Metal Bulletin's weekly domestic price assessment for mesh-quality wire rod in Northern Europe was unchanged on Wednesday at ?,?535-545 ($630-641) per tonne delivered."There has been no change in prices this week, but we hav...Read More
The latest metal news and price moves to start the North American day on June 13.Base metals on the London Metal Exchange were mostly lower during morning trading on Wednesday June 13, with aluminium and tin dropping over 1% and copper, zinc and nickel edging lower, while lead made slight gains."Copper prices fell as concerns eased over disruption risks at BHP's Escondida...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday June 13.Base metals traded on Shanghai Futures Exchange were all down during Asian morning trading on Wednesday, with zinc, aluminium and tin prices dropping over 1%, following weaker-than-expected economic data from China overnight. China's total social financing growth, a broad mea...Read More
China is expanding its global steel presence by pumping more investments into overseas assets. Other than its domestic and export prices leading global steel trade, its investments in steel mills around the world let Chinese steelmakers have a physical presence overseas - especially in developing countries where steel demand per capita is expected to continue growing.The latest Chin...Read More