Plate prices in the United States have slipped for the second week in a row despite prevailing market sentiment that demand has been stable.American Metal Market's price assessment for cut-to-length plate has dipped to $46.25 per hundredweight ($925 per ton), down 0.5% from $46.50 per cwt ($930 per ton) previously.Despite falling 1.6% from a year-to-date peak of $47 per cwt ($940 per ton) reached...Read More
Overcapacity in the domestic Italian rebar market could be a problem in the medium to long term, possibly amplified by the loss of demand from Algeria, Andrea Floreani, sales manager at Italian long steel producer Pittini, has told Metal Bulletin."Algeria is the end of a good movie - and hardly any other export market could substitute for it in such volumes," Floreani said late last month.Algeria'...Read More
Prices in the Black Sea billet export market picked up by $9 per tonne over the week ended Monday May 14 with customers accepting higher prices from CIS-region suppliers, Metal Bulletin has learnt.The fact that the US threatened last week to reimpose international trading sanctions on Iran, which may result in reduced billet export volumes from the Middle Eastern country, gave additional support t...Read More
Turkey may take counter-measures against the Section 232 import tariffs imposed by the United States, economy minister Nihat Zeybek??i said on Saturday May 12.The US imposed a global 25% duty on steel imports and 10% on aluminium imports after concluding its Section 232 trade investigation of imports with a bearing on the country's national security, but announced temporary exemptions for countrie...Read More
Core earnings at Brazilian ferro-alloys producer Ferbasa declined by 10.16% in the first quarter of 2018, affected by higher costs for energy and raw materials on an annual comparison, Metal Bulletin has learnt.Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) came to 94.4 million Brazilian Reais ($26.2 million) in January-March, against 101.6 million Reais in the co...Read More
Afarak has confirmed a first-quarter loss of ?,?700,000 ($836,000) due to lower ferro-chrome prices, higher costs and a stronger South African rand.The London and Helsinki-listed mining and metallurgical group, which owns the Mogale ferro-alloys plant in South Africa, reported negative earnings before interest, tax, depreciation and amortization (Ebitda) of ?,?700,000 compared with positive Ebitda...Read More
The Turkish steel mills prefer to stay out of the deep-sea scrap market for a second consecutive week this week because of the approach of the Islamic holy month of Ramadan and the current low demand for their finished steel products, sources said on Monday May 14.The mills booked a number of deep-sea cargoes in the week before last, and are still expected to buy more scrap for delivery in May. Bu...Read More
Turkish domestic scrap prices have shown mixed dynamics over the past week with auto bundle scrap prices going up while ship scrap prices weakened, sources said on Monday May 14.A number of steel mills have raised their auto bundle scrap prices because of strengthening demand, with the country's steel producers being quiet in the deep-sea scrap import markets.Alloy long steel producer Asil ??elik...Read More
Trading activity remained thin in the physical iron ore market on Monday May 14, though prices rose amid gains in the steel and futures segments.Metal Bulletin 62% Fe Iron Ore Index: $68.93 per tonne cfr Qingdao, up by $1.51 per tonne Metal Bulletin 58% Fe Premium Index: $55.70 per tonne cfr Qingdao, up by $0.63 per tonne Metal Bulletin 65% Fe Iron Ore Index: $87.20 per tonne cfr Qingdao, up by $1...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More
Activity in the seaborne iron ore concentrates market increased in the week to Monday May 14, on falling premiums for June-shipment Australian brands. Metal Bulletin's weekly 66% Fe Iron Ore Concentrate Index was $90.89 per tonne cfr China on Friday May 14, up $0.36 per tonne, or 0.4%, from a week earlier. The daily Metal Bulletin 65% Fe Iron Ore Index averaged $85.40 per tonne cfr China on F...Read More
Seaborne coking coal market participants retreated to the sidelines on Monday May 14 to wait for a clearer direction to emerge.A seller source conceded that there was some downside risks with bids for premium low-vol materials being made around $190-195 per tonne cfr China, compared with a transaction concluded last Friday at $198 per tonne cfr China. "Some [coking coal] miners in Shanxi [province...Read More
China's ferrous futures fluctuated in an upward direction during morning trading on Monday May 14, with the coke contract taking the lead by ending the session with the biggest gains.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,674 yuan ($580) per tonne, up 9 yuan per tonne October hot-rolled coil: 3,771 yuan per tonne, up 5 yuan per tonne Dalian Commodity Ex...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Monday May 14*Copper -$96.26 (-611.70 yuan) Aluminium -$504.22 (-3,204 yuan) Zinc -$57.47 (-365.19 yuan) Nickel -$648.30 (-4,119.55 yuan) *Metal Bulletin calculates the physical arbitrage for import into...Read More
The Chinese silicon export market prices fell on Friday May 11 on looming operation restarts at silicon refineries in Sichuan and Yunnan provinces during the rainy season, while European prices also weakened. Metal Bulletin's Chinese grade 553 silicon export prices moved lower to $1,890-1,950 per tonne on Friday's assessment, down 0.8% from $1,910-1,960 per tonne previously. On one hand, very...Read More
Cobalt trade log including business, bids and offers reported to Metal Bulletin. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Metal Bulletin prices Click here for Metal Bulletin's price assessment for low-grade cobalt, in-warehouse, $ per lb Click here for Metal Bulletin's price assessment for high-grade cobalt, in-warehouse, $ per lb I...Read More
A supply squeeze on trioxide grade antimony in Europe pushed prices for the grade up on Friday May 11, while grade II remained unchanged due to sluggish demand for the minor metal; In China, grade II prices fell again on weak consumption rates and a gloomy outlook. Metal Bulletin assessed the MMTA standard grade II antimony, in-warehouse Rotterdam price at $8,000-8,250 per tonne on Friday May...Read More
Zinc BUY Call 86d given at price 208.50 CMP 208.40. Low risk taker exit at Cost to Cost. RISK Taker Hold Carry call86d : Free Zinc Call Today - BUY Zinc at CMP 208.50 for Target 209.50 - 210.20 with SL below price 207.40AFTER POST CONTENT Read More
Free Zinc Call Today – BUY Zinc at CMP 208.50 for Target 209.50 – 210.20 with SL below price 207.40AFTER POST CONTENT Read More
U.S. dollar strength has been prevalent throughout this year. Its effect has resulted in strong headwinds for the precious metals complex. Dollar strength has been the most significant force involved with limiting any real upside movement. On February 16, the dollar index traded to the lowest price point this year when it reached 88.15. From February up until this week, the dollar has gained almos...Read More