Base Metal Stocks Articles

Semi-finished Steel Products Trade Log, April 30, 2018

May 01, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. ...Read More

Flat Steel Products Trade Log, April 30, 2018

May 01, 2018 / Staff reporter

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDGHot-rolled coil China, export, hot-rolled coil (2mm), offered at $620-630 per tonne cfr, to the UAE. India, export, hot-rolled coil (2mm),...Read More

GULF FLAT STEEL IMPORTS: Prices stable, demand limited

May 01, 2018 / Serife Durmus

Flat steel import prices in the United Arab Emirates and Saudi Arabia remained unchanged this week on limited demand, sources told Metal Bulletin on Tuesday May 1. Buyers preferred to postpone bookings ahead of the Islamic holy month of Ramadan, which starts in mid-May and will lead to a further reduction in market activity. And market participants are expecting prices to fall. UAE Metal Bull...Read More

Further exemption from Section 232 only prolongs uncertainty in Europe, EC and Eurofer say

May 01, 2018 / Maria Tanatar

The United States decision to extend Europe's exemption from Section 232 tariffs until June 1 only serves to prolong the uncertainty, the European Commission (EC) and European steel association, Eurofer, said on Tuesday May 1.The US authorities postponed imposing Section 232 tariffs on steel and aluminium imported from the European Union, Canada and Mexico on April 30. Originally, the EU was...Read More

GLOBAL MANGANESE WRAP: Ore, alloy prices drop further on weak demand in China

May 01, 2018 / Janie Davies

Manganese ore and alloy prices have continued to slide in China due to deteriorating downstream demand, while prices also weakened in Europe and held in the United States. Ore prices drop almost 5% in China  Lower silico-manganese tenders squeeze smelter margins  Indian alloy prices track ore lower  European alloy prices weaken as prompt demand dries up  US contract negotiation...Read More

GLOBAL TUNGSTEN WRAP: Chinese environmental inspections continue to boost APT prices

May 01, 2018 / Anna Xu

Continued concerns about output in major production hub Jiangxi province amid a new round of environmental inspections there boosted ammonium paratungstate (APT) and concentrates prices last week, while ferro-tungsten prices were under pressure due to weakening demand. Production disruptions in Ganzhou, Jiangxi province, support APT prices  Ferro-tungsten prices under pressure amid weakening...Read More

FOCUS: Global HBI market to continue to grow, IIMA says

May 01, 2018 / Marina Shulga

The global hot-briquetted iron (HBI) export market will continue growing on increased demand and higher output levels, according to Chris Barrington, secretary general of the International Iron Metallics Association (IIMA). "There is increasing production of flat products via the [electric-arc furnace] (EAF) route and, to achieve the required quality, steelmakers can't rely totally on scrap, so th...Read More

FREE WEB SEMINAR: Next steps for Metal Bulletin's benchmark cobalt prices

May 01, 2018 / Charlotte Radford

Metal Bulletin has reviewed its benchmark cobalt prices to ensure they are relevant and fit for application in a rapidly evolving market. Metal Bulletin is hosting a free web seminar on Tuesday May 8 at 9am London time to summarize the findings from its recent industry-wide consultation into its cobalt prices, and changes that will be implemented from January 2019. Date: Tuesday May 8, 2018 Time:...Read More

Swedish special steel producer Ovako's Q1 earnings up 32.3%

May 01, 2018 / Carrie Bone

Swedish special steel producer Ovako has attributed a 32.3% year-on-year rise in first-quarter pre-tax profits to "persistently strong" markets.Ovako's earnings before interest, taxes, depreciation and amortization (Ebitda) rose to ?,?41 million ($49.6 million) for the first quarter of 2018, compared with ?,?31 million in the first quarter of last year, the company said last week in...Read More

Trump administration extends steel, aluminium import tax exemption for Canada, Mexico and EU until June 1

May 01, 2018 / Archie Hunter

The United States has postponed imposing Section 232 tariffs on steel and aluminium imported from the European Union, Canada and Mexico, until June 1.President Donald Trump's administration announced the extension of temporary exemptions for the key trading blocs at the last moment on Monday April 30. A 10% import tax on aluminium and a 25% import tax on steel were due to come into effect on...Read More

POSITIONAL HOLD / CARRY Copper Carry – BUY Copper JUN at CMP 453 Add more at price 451 with SL 449.60 for Target 457 -458

30/04/2018 8:01 PM / Het Commodity

Copper Carry – BUY Copper JUN at CMP 453 Add more at price 451 with SL 449.60 for Target 457 -458AFTER POST CONTENT Read More

POSITIONAL HOLD / CARRY Nickel Carry – BUY Nickel at CMP 916 for Target at price 926 – 932 with SL below price 907

30/04/2018 7:10 PM / Administrator

Nickel Carry – BUY Nickel at CMP 916 for Target at price 926 – 932 with SL below price 907AFTER POST CONTENT Read More

NEWS UPDATE World Economic Data : Core PCE Price Index, Personal Spending m/m & Personal Income m/m

30/04/2018 6:18 PM / Mcx Data

Core PCE Price Index m/m: prior 0.2% Exptd 0.2% Actual 0.2%Personal Spending m/m: Prior 0.2% Exptd 0.4% Actual 0.4% Neutral Data for Base MetalsPersonal Income m/m: Prior 0.4% Exptd 0.4% Actual 0.3%Negative Data for base metalAFTER POST CONTENT Read More

U.S. wants four-year phase-in for higher NAFTA auto content thresholds

Apr 30 2018 4:08PM / Reuters

WASHINGTON (Reuters) - The latest U.S. proposal for updating NAFTA's automotive rules would carry a four-year phase-in to meet a higher, 75 percent regional value threshold as well as new labor content rules requiring substantial work at hourly wages of at least $16.A summary of the proposal, seen by Reuters and circulating among auto industry officials based on descriptions from Canadian and Mexi...Read More

Dollar near three-month highs against euro

Apr 30 2018 4:02PM / Reuters

NEW YORK (Reuters) - Weaker-than-expected German data hurt the euro against the U.S. dollar on Monday, with investors further unwinding short positions on the greenback that were based on assumptions that the European Central Bank was nearer to unwinding its stimulus.German monthly retail sales unexpectedly dropped in March, dampening cheer around a consumer-led upswing in Europe’s biggest e...Read More

The Fed Needs To Slow Down; Look For Gold To Benefit - Sprott Asset Management

Apr 30 2018 3:03PM / Kitco News

(Kitco News) - The U.S. Federal Reserve is likely to scale back its planned rate hikes by yearend, providing a powerful tailwind for gold, according to a recent report from Sprott Asset Management.“Fed policy reversal would be the final component of a potent combination of fundamentals which has been developing in gold’s favor during the past several quarters,” the report said.Th...Read More

SL HIT / LOSS Zinc Tips – Today Zinc Sell tips 72b given at price 210 Triggered SL hit at price 211.10. Total 1.10 Points SL hit

30/04/2018 2:30 PM / Dharma Investment

Zinc Tips – Today Zinc Sell tips 72b given at price 210 Triggered SL hit at price 211.10. Total 1.10 Points SL hit72b : Zinc Intraday - SELL Zinc at CMP 210.0 with SL Above 211.10 for Target 209 - 208.40 AFTER POST CONTENT Read More

Gold, Oil Rise As Israel's Netanyahu Said Iran Ran Secret Weapons Program

Apr 30 2018 2:09PM / Kitco News

(Kitco News) - Commodity prices, particularly gold and oil have jumped higher Monday after Israel's Prime Minister Benjamin Netanyahu said that Iran ran a secret program to produce nuclear weapons.In a speech on Monday, Netanyahu released thousands of pages of documents, which he said were copied from a "highly secret location" in Iran that detailed an effort to build nuclear arms.He sai...Read More

Strong Dollar Stymies Gold, Silver Bulls

Apr 30 2018 1:14PM / Kitco News

(Kitco News) - Gold and silver prices were moderately down in early afternoon trading Monday. However, both markets were well up from their daily lows to begin to suggest the bears are now exhausted from their recent downside assault. Early on today gold sank to a two-month low and silver dropped to a five-week bottom. The recent solid rally in the U.S. dollar index continues to curtail buying int...Read More

Mcx Aluminium Trading – Aluminium SELL Call 728 given at price 148.65 Achieved 1st Target 147.80. Made 147.70. Total Profit of 0.85 x 2 lot = 1.70 Points

30/04/2018 1:07 PM / Vaidik Calls

Mcx Aluminium Trading – Aluminium SELL Call 728 given at price 148.65 Achieved 1st Target 147.80. Made 147.70. Total Profit of 0.85 x 2 lot = 1.70 PointsTIPS ID 728 : Aluminium Tips - SELL Aluminium at CMP 148.65 for Target 147.80 - 147.10 with SL Above price 149.80 Trade with 2 lotsAFTER POST CONTENT Read More

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