The CIS export billet price inched downward on Tuesday June 5 with buying still sluggish amid market uncertainty and the traditionally lower activity during the Islamic holy month of Ramadan in the Middle East.Metal Bulletin's CIS billet export index was $498 per tonne fob Black Sea on June 5, down by $2 per tonne day-on-day.A cargo of Russia-origin billet was reported sold to Turkey around $510 p...Read More
Some steel prices in the United Arab Emirates rose this week, with producers optimistic about future demand, while local rebar demand was strong, sources told Metal Bulletin on Tuesday June 5.Domestic rebar Major rebar producers in the UAE announced new rebar prices on May 23. The biggest steel producer, Emirates Steel, is offering rebar at 2,295 dirhams ($625) per tonne ex-works. Compatriot produ...Read More
China's rebar market was mixed on Tuesday June 5, with domestic prices in the eastern region falling even though those in the north held steady, while export prices posted some gains.Domestic Eastern China (Shanghai): 3,940-3,970 yuan ($614-619) per tonne, down 10-30 yuan per tonne Northern China (Beijing): 3,880-3,910 yuan per tonne, unchanged In Shanghai, sellers discouraged by early losses in t...Read More
The Chinese domestic ferro-silicon market continued to strengthen after environmental regulators in the country enforced production cuts, while the US and European markets were largely stable amid thin trading activity. China domestic market bolstered by enforced cutbacks European FeSi market stabilizes amid quiet spot demand US spot market firms on elevated replacement costs Chinese domestic pric...Read More
Chinese ferro-vanadium exporters held their offer prices steady amid increased buying interest, while European ferro-vanadium prices continued their ascent on supply concerns. Chinese ferro-vanadium prices stabilized amid spike in trading buying interest European ferro-vanadium prices continue rebound on thinning available inventories US ferro-vanadium market slightly softer on sluggi...Read More
Manganese ore prices stabilized in China for the first time in several weeks after reclaiming some losses a week ago. Ore prices stable in China after brief rebound Chinese silico-manganese prices rise on higher offers Indian silico-manganese prices stabilize after weeks of decline European alloy prices steady Ferro-manganese prices drop in US, while silico-manganese edges up Manganese ore prices...Read More
The Mexican government will launch a dispute settlement process against the United States at the World Trade Organization (WTO) regarding tariffs imposed on shipments of steel and aluminium from Mexico to its North American neighbor."The Mexican government highlights that its actions will continue to comply with international trade laws and will be proportional to the damages received...Read More
A summary of base metals premiums from across the globe for the week to Tuesday June 5.Please click...Read More
The CIS export billet price inched downward on Tuesday June 5 with buying still sluggish amid market uncertainty and the traditionally lower activity during the Islamic holy month of Ramadan in the Middle East.Metal Bulletin's CIS billet export index was $498 per tonne fob Black Sea on June 5, down by $2 per tonne day-on-day.A cargo of Russia-origin billet was reported sold to Turkey around $510 p...Read More
Pig iron exporters in the Commonwealth of Independent States managed to obtain higher prices for their material in the second half of May, when buyers started to restock, because of reduced material availability.Brazilian suppliers, meanwhile, were concentrating on their domestic market and contending with issues of raw materials supply because of a truck drivers' strike in the country.ItalyMetal...Read More
Zinc prices on the London Metal Exchange ended 2.4% higher at the close of trading on Tuesday June 5, reaching their highest since April 24, while three-month nickel and copper also finished strongly.Outperforming the rest of the complex, zinc's three-month price reached a high of $3,201 per tonne during the afternoon ring. It has climbed more than 4.5% since its June 4 low of $3,056 per tonne. "W...Read More
The latest metal markets news and price moves to start the North American day on Tuesday June 5. All base metals prices on the London Metal Exchange recorded positive moves up during morning trading, with zinc's three-month price leading the complex higher amid a weaker US dollar index.The zinc price climbed 1.4% to reach a high of $3,175 per tonne over the morning. Sister-metal lead was trading i...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday June 5.Lead prices on the Shanghai Futures Exchange outperformed during Asian morning trading on Tuesday, supported by low inventory levels and supply-side concerns.Meanwhile, copper prices continued their recent run of strength, albeit at a slower pace, after trading activity thinned...Read More
Zinc prices on the London Metal Exchange ended 2.4% higher at the close of trading on Tuesday June 5, reaching their highest since April 24, while three-month nickel and copper also finished strongly.Outperforming the rest of the complex, zinc's three-month price reached a high of $3,201 per tonne during the afternoon ring. It has climbed more than 4.5% since its June 4 low of $3,056 per tonne. "W...Read More
There is still room for seaborne coking coal prices to increase amid expectations of tightening supply and robust Chinese demand, market participants said on Tuesday June 5. A premium category cargo was heard to have changed hands at around $194 per tonne fob Australia late evening, market sources said. "Demand from Chinese buyers is robust and steelmakers expect to be able to get a better deal on...Read More
All base metals prices on the London Metal Exchange recorded positive moves up during morning trading on Tuesday June 5, with zinc's three-month price leading the complex higher amid a weaker US dollar index. The zinc price climbed 1.4% to reach a high of $3,175 per tonne over the morning. Sister-metal lead is trading in similar form, with this week's push above $2,500 per tonne keeping firmly in...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia increased slightly this week but demand was limited because of the damping effect on business of the Islamic holy month of Ramadan, sources told Metal Bulletin on Tuesday June 5.Buyers prefer to postpone bookings during the holy month, which started in mid-May.Working hours are reduced in Saudi Arabia; Ramadan is always a slow m...Read More
Some steel prices in the United Arab Emirates rose this week, with producers optimistic about future demand, while local rebar demand was strong, sources told Metal Bulletin on Tuesday June 5.Domestic rebar Major rebar producers in the UAE announced new rebar prices on May 23. The biggest steel producer, Emirates Steel, is offering rebar at 2,295 dirhams ($625) per tonne ex-works. Compatriot produ...Read More
Comex copper prices ticked higher on Tuesday June 5, while concerns over material supply loom following disruptions in Chile and India.Copper for July settlement on the Comex division of the New York Mercantile Exchange rose 4.05 cents or 1.29% to $3.175 per lb."Copper finished higher yesterday as Chilean labor talks come...Read More
All base metals prices on the London Metal Exchange recorded positive moves up during morning trading on Tuesday June 5, with zinc's three-month price leading the complex higher amid a weaker US dollar index. The zinc price climbed 1.4% to reach a high of $3,175 per tonne over the morning. Sister-metal lead is trading in similar form, with this week's push above $2,500 per tonne keeping firmly in...Read More