Major Chinese stainless steel mills Tsingshan Group, Baosteel and Taiyuan Iron & Steel (Tisco) have lowered their high-carbon ferro-chrome monthly tender prices for May delivery due to the uncertain outlook for the stainless steel market and the expectation of wider availability of ferro-chrome and chrome ore in the domestic market.Tsingshan has set its May high-carbon ferro-chrome tender price at...Read More
Ferrous scrap prices in the major global markets remained firm during the working week from Monday April 30 to Friday May 4, with single exception of the United States.Although Turkish steel producers halted their deep-sea scrap purchases at the end of last week, suppliers have kept their offers strong this week.But the decreases in Turkish import prices seen in previous weeks have only now been r...Read More
The light iron scrap market in the United Kingdom was steady for a fourth week in the week to Friday May 4, with a steady fall in sterling against the dollar in the past fortnight enough to shore up support for prices, industry sources told Metal Bulletin.Market sentiment suggests a potential increase in export demand for British steel scrap because of moves in the dollar-pound exchange rate, whic...Read More
Prices for containerized shredded scrap imports into India went up this week on better levels of demand, market sources told Metal Bulletin on Friday May 4.Metal Bulletin's weekly index for containerized imports of shredded scrap into India was $390.73 per tonne cfr Nhava Sheva on May 4, up by $5.58 week-on-week from $385.15 per tonne cfr Nhava Sheva last week.This week's price rise for containeri...Read More
Iron ore futures on the Dalian Commodity Exchange have gained increasing influence over the physical market since listing in 2013. Their trading volume reached 657.49 million lots, or 65.749 billion tonnes in 2017, down 3.95% on the year, according to the exchange. China imported 1.075 billion tonnes of iron ore last year, a year-on-year increase of 5%, the National Bureau of Statistics reported....Read More
Turkish steel mills were said to be waiting for next week's conference of the International Rebar Producers & Exporters Association (Irepas) to bring market clarity before they resume their May-delivery bookings of material in the deep-sea scrap market, sources said on Friday May 4.After booking around 20 cargoes, Turkish steel producers went silent at the end of last week, following an uptick in...Read More
The UK inter-merchant price range for austenitic alloy steel scrap widened upwards by ?20 per tonne over the week, with sterling weakening and the price of nickel stabilizing, sources said on Friday May 4.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?950-1,000 ($1,290-1,358) per tonne delivered on Friday, compared with ?950-980 per tonne on Ap...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. Latest transactions: iron oreIron oreBeijing Iron Ore Trading Center, 170,000 tonnes of 61% Fe Pilbara...Read More
The Chinese Stainless Steel Exchange (CSSE) based in Wuxi city, Jiangsu province, is growing in importance as Asia's biggest stainless steel exchange center. Its function in the spot physical market is increasingly crucial for traders, who look to it for daily spot price direction. CSSE has a variety of contracts traded on its platform, including silver, nickel, stainless steel cold-rolled coil, i...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Metal Bulletin minor metals prices changed on Friday May 4:Minor metalsAntimony MB free market regulus, $/tonne: $8,000-8,300 per tonne from $8,150-8,300Antimony MMTA standard grade II, $/tonne: $8,000-8,250 per tonne from $8,150-8,300Cobalt MB free market high grade, $/lb: $43.50-44.25 per lb from $43.50-44.35Cobalt MB free market low...Read More
The London Metal Exchange's strategic pathway is on track with numerous new developments expected to come to the market over the next few years. When the strategic pathway vision was launched in September 2017, it highlighted a number of areas that the LME wanted to develop or expand, and new contracts that it wanted to present to the market. "When we first launched the strategic pathway we were w...Read More
Flat and long stainless steel product prices in Europe remained unchanged over the past week amid public holidays across Europe, sources told Metal Bulletin on Friday March 5.Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet was stable week on week at ?,?1,050-1,100 ($1,258-1,318) per tonne delivered in Northern Europe on Friday."Market ac...Read More
China's domestic stainless steel prices dropped mid-week on high selling interest but subsequently recovered most of their losses on good demand and higher nickel charges, leaving prices widened slightly lower from the previous week. Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,234-2,328) per tonne includi...Read More
All MB non-ferrous European scrap prices were unchanged on Friday May 4.All MB...Read More
Chinese aluminium alloy producers have forecast imminent price rises for their products after the government slapped a one-month ban on non-ferrous scrap imports from the United States.The Chinese Certification and Inspection Group (CCIC) North America notified US exporters on May 3 that they would be unable to bring non-ferrous scrap into China until June 4."The impact for this industry is huge,"...Read More
Import prices for containerized heavy melting scrap (HMS) in Taiwan remained stable this week due to unchanged market fundamentals.Metal Bulletin's price assessment for United States-origin HMS 1&2 (80:20) sold into Taiwan remained at $340-343 per tonne cfr on Friday May 4.US-origin scrap was on offer at $343-348 per tonne cfr Taiwan this week, up $3-5 per tonne from the preced...Read More
In 2017, trading volume on the Shanghai Futures Exchange shrank by almost one fifth to 1.36 billion lots, mainly led by a drop in rebar and bitumen trading, official data shows, yet trading turnover rose by 5.8% to 89.9 trillion yuan ($14.1 trillion). The SHFE's trading turnover accounted for a 47.9% share of China's futures markets, followed by Dalian Commodity Exchange, which accounted for...Read More
Iron ore futures on the Dalian Commodity Exchange have gained increasing influence over the physical market since listing in 2013. Their trading volume reached 657.49 million lots, or 65.749 billion tonnes in 2017, down 3.95% on the year, according to the exchange. China imported 1.075 billion tonnes of iron ore last year, a year-on-year increase of 5%, the National Bureau of Statistics reported....Read More
Singapore Exchange (SGX) achieved a record net profit in the January-March quarter of 2018, with revenue from the derivatives business rising on a year-on-year basis. The exchange posted a net profit of S$100 million ($75 million) in the March quarter, up 21% year on year. Revenue stood at S$ 222.2 million in the period, up 10% in an annual comparison. The derivatives business accounted for 41% of...Read More