Saudi Arabia's state-owned steel producer Hadeed Sabic has registered with Egypt's General Organization for Export and Import Control to export rebar to the country, Egyptian sources told Metal Bulletin on Sunday June 10. It is compulsory to be registered with the organization to export rebar to Egypt. Sabic is the second registered Saudi Arabian steel producer to export rebar to Egypt after Al Ra...Read More
Import prices for rebar in Singapore increased slightly over the past week amid improved spot demand.Metal Bulletin's assessment of import prices for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $540-550 per tonne cfr for the week to Monday June 11, up from $540-545 per tonne from the preceding week.Major Chinese mills offered thei...Read More
Turkish steel producers were silent in the deep-sea scrap markets at the beginning of this week after booking almost 250,000 tonnes of material last week, sources said on Monday June 11.The mills in the country had been in the market for July deliveries and booked seven deep-sea cargoes in the week ended June 8.But the prices have now started to pick up again because of the stronger Turkish demand...Read More
Physical iron ore prices were rangebound amid lackluster trading activity on Monday June 11.Metal Bulletin 62% Fe Iron Ore Index: $66.75 per tonne cfr Qingdao, down by $0.69 per tonneMetal Bulletin 58% Fe Premium Index: $53.84 per tonne cfr Qingdao, down by $0.22 per tonneMetal Bulletin 65% Fe Iron Ore Index: $88.40 per tonne cfr Qingdao, up by $0.50 per tonneMetal Bulletin 62% Fe China Port Price...Read More
China's ferrous futures were mixed during morning trading on Monday June 11, with steel and iron ore contracts moving up slightly while those for coking coal and coke fell.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,786 yuan ($591) per tonne, up 3 yuan per tonne October hot-rolled coil: 3,931 yuan per tonne, up 7 yuan per tonne Dalian Commodity Exchange Sept...Read More
Prices in the CIS export billet market have become firmer, with customers finally accepting higher prices, Metal Bulletin heard on Monday June 11.Mills continued to increase their offer prices, citing positive developments in the scrap market in Turkey, and the imminent end of the Islamic holy month of Ramadan, which will see a restoration of normal levels of business activity.There is reduced com...Read More
The latest metal markets news and price moves to start the North American day on Monday June 11.Base metals on the London Metal Exchange were mostly lower during morning trading on Monday June 11, with copper and nickel prices decreasing while lead was the only metal to trade higher.Here's how...Read More
Brazilian slab export prices remained unchanged last week, as buyers were hesitant about placing bids after recent developments related to Donald Trump's Section 232 investigation in the United States.Metal Bulletin's weekly price assessment for slab exports from Brazil was $580-590 per tonne fob on Friday June 8, stable from the previous week.The market was momentarily halted...Read More
The Chinese domestic ferro-silicon market increased on expected tighter supply, with producers encountering environmental checks that could cut production in coming weeks, while the European market has been stable in June, ahead of the third-quarter delivery settlements conclusion between alloy suppliers and consumers in the steel sector. China adds to price gains on supply worries Could bec...Read More
Seaborne coking coal prices rose to their highest in over two months last week - on Monday June 11, Metal Bulletin's fob Australia Premium Hard Coking Coal Index was 35% higher than where it was a year earlier - with supply concerns emerging as a key factor affecting the outlook for the market.Changes made by Queensland's rail freight operator Aurizon to its operational and maintenance practices h...Read More
China's car production and sales extended their year-on-year growth in May but were both down on the month, the China Association of Automobile Manufacturers (CAAM) said today. The country produced 2.34 million vehicles last month, up 12.8% from 2.09 million units in May 2017, the association said on Monday June 11. Vehicle sales reached 2.29 million units...Read More
Seaborne coking coal prices rose to their highest in over two months last week - on Monday June 11, Metal Bulletin's fob Australia Premium Hard Coking Coal Index was 35% higher than where it was a year earlier - with supply concerns emerging as a key factor affecting the outlook for the market.Changes made by Queensland's rail freight operator Aurizon to its operational and maintenance practices h...Read More
Brazilian slab export prices remained unchanged last week, as buyers were hesitant about placing bids after recent developments related to Donald Trump's Section 232 investigation in the United States.Metal Bulletin's weekly price assessment for slab exports from Brazil was $580-590 per tonne fob on Friday June 8, stable from the previous week.The market was momentarily halted...Read More
Long steel demand in European Union markets is likely to remain relatively weak through June amid relatively high stock levels at distributors and uncertainty around Europe's import safeguard investigation, market sources told Metal Bulletin.The European Commission (EC) is expected to impose preliminary safeguard measures on steel imports in early July and, following World Trade Organization rules...Read More
Prices in the CIS export billet market have become firmer, with customers finally accepting higher prices, Metal Bulletin heard on Monday June 11.Mills continued to increase their offer prices, citing positive developments in the scrap market in Turkey, and the imminent end of the Islamic holy month of Ramadan, which will see a restoration of normal levels of business activity.There is reduced com...Read More
Turkish steel producers were silent in the deep-sea scrap markets at the beginning of this week after booking almost 250,000 tonnes of material last week, sources said on Monday June 11.The mills in the country had been in the market for July deliveries and booked seven deep-sea cargoes in the week ended June 8.But the prices have now started to pick up again because of the stronger Turkish demand...Read More
Base metals on the London Metal Exchange closed mostly lower at the end of trading on Monday June 11, with copper, nickel and tin prices recording losses while lead and aluminium made marginal gains. Falling 0.7% over the afternoon, copper's three-month price has dipped from the five-year highs that pushed its price up to $7,300 per tonne last week. Uncertainty over labor negotiations at BHP...Read More
The latest metal markets news and price moves to start the North American day on Monday June 11.Base metals on the London Metal Exchange were mostly lower during morning trading on Monday June 11, with copper and nickel prices decreasing while lead was the only metal to trade higher.Here's how...Read More
Good morning from Metal Bulletin's offices in Asia, bringing the latest news and pricing stories on Monday June 11.Base metals prices on the Shanghai Futures Exchange were up across the board during Asian morning trading on Monday, with copper leading the advance following the release of healthy Chinese economic data over the weekend.China's consumer inflation (CPI) rose by 1.8% year on year in Ma...Read More
Seaborne coking coal prices rose to their highest in over two months last week - on Monday June 11, Metal Bulletin's fob Australia Premium Hard Coking Coal Index was 35% higher than where it was a year earlier - with supply concerns emerging as a key factor affecting the outlook for the market.Changes made by Queensland's rail freight operator Aurizon to its operational and maintenance practices h...Read More