UK long steel producer British Steel remains confident about its wire rod export business despite growing protectionism in international steel markets, Richard Sims, the company's managing director for wire rod, told Metal Bulletin last week.This protectionist trend saw the European Commission (EC) start a safeguard investigation into imports of 26 steel products on March 26.This had the intention...Read More
Coated coil prices in Turkey fell this week because of lackluster demand in both the local and export markets, sources told Metal Bulletin on Friday April 27.Domestic pricesOne Northern Turkish producer was offering 0.50mm hot-dipped galvanized coil (HDG) at $780 per tonne ex-works this week.Southern Turkish producers were offering the product at $810 per tonne ex-works this week, down from $820-8...Read More
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, HDG, PPGIHot-rolled coilTurkey, domestic, hot-rolled coil, offered at $625-630 per tonne ex-works, June production.Turkey, domestic, hot-rolled coil, traded at $...Read More
Shahnawaz Islam, director of metals research and product development at CME Group, is leaving the exchange after nearly three years, a representative confirmed on Friday April 27.Shan, who was promoted from manager to director in March, will stay in London but will return to a...Read More
Spot, battery-grade lithium carbonate prices continued to fall in China this week on thin buying activity, with buyers in no rush to buy ahead of the Labour Day holiday (April 29-May 1) and cautious given recent price declines.Chinese lithium carbonate battery-grade spot prices fall due to softer demand Consumers of lithium carbonate battery-grade hold back on procuring material ahead of hol...Read More
The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday April 27:Noble alloys Molybdenum US canned molybdic oxide, $/Ib $12.30-12.50 per Ib from $12.00-12.30 Tungsten European free market APT, $/mtu: $327-336 per mtu from $325-328 Ferro-tungsten basis 75% W Rotterdam duty unpaid, $/kg: $39.30-40.50 per kg from $39.50-40.50 Ferro-vanadium basis 78% min, free deliver...Read More
Peruvian iron ore producer Shougang Hierro Per?? saw its net profit fall by 41.29% year-on-year in the first quarter of 2018, due to lower sales prices.The company's net profit totaled 180.63 million nuevos soles ($55.62 million), compared with 307.65 million nuevos soles a year earlier, it said in a note to Peruvian securities regulator SMV on...Read More
UAE long steel producer Emirates Steel has developed a light steel scrap shredder with capacity for 350,000 tonnes per year so it can use local scrap as an alternative feedstock during periods of high price volatility.Emirates Steel, which predominantly produces steel products via the direct-reduction iron (DRI) route, has gradually increased the volume of scrap it purchases to 225,000 tpy in 2017...Read More
Global ferrous scrap prices were mostly going down during the working week ended Friday April 27 due to thinner trading and weaker demand.A public holiday in Turkey reduced the demand for bulk cargoes, while a slight pickup in daily prices toward the end of the week did not boost week-on-week price changes. The weak bulk export sales in the United States added downward pressure to bulk prices, com...Read More
Prices for containerized shredded scrap imported into India were stable this week with buyers returning to the market following a lull in activity, sources told Metal Bulletin on Friday April 27.Metal Bulletin's weekly index for containerized imports of shredded scrap into India was largely unchanged this week at $385.15 per tonne cfr Nhava Sheva on April 25, down by $0.29 week-on-week, compared w...Read More
Brazilian pig iron export prices were unchanged for the third week in a row on Friday April 27, due to the lack of activity in the final trading days of April.Metal Bulletin's weekly price assessment for Caraj??s-origin pig iron exports was $405-410 per tonne fob on Friday, stable on a weekly basis.Over the same period, Metal Bulletin's weekly price assessment for Minas Gerais-origin pig iron expo...Read More
The UK inter-merchant price range for austenitic alloy steel scrap fell by ?30-60 per tonne this week, after the price of nickel weakened sharply, sources said on Friday April 27.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?950-980 ($1,324-1,366) per tonne delivered on Thursday, compared with ?980-1,040 per tonne on April 20, which was its highest...Read More
The latest metal markets news and price moves to start the North American day on Friday April 27.Base metals on the London Metal Exchange were lower during morning trading, except for zinc, which remained unchanged despite another delivery into Antwerp taking zinc's total stocks up to 60,050 tonnes.Here's how base metals prices looked at 12:15 London time:Read our live futures report here."Volatil...Read More
Most iron ore market participants stayed away on Friday April 27 to cut their risk ahead of a 4-day trading break in China due to a public holiday over the first two days of next week.Metal Bulletin 62% Fe Iron Ore Index: $65.68 per tonne cfr Qingdao, down by $0.60 per tonneMetal Bulletin 58% Fe Premium Index: $55.48 per tonne cfr Qingdao, down by $0.42 per tonneMetal Bulletin 65% Fe Iron Ore Inde...Read More
Trading activity in the seaborne coking coal market remained robust on Friday April 27 with traders procuring several cargoes ahead of a long weekend in China, sources said.A cargo of premium mid-vol hard coking coal was traded at $184 per tonne cfr China while a top Australian brand changed hands against an index at a 3% premium, they said. Several sources also told Metal Bulletin late on Friday...Read More
Base metals on the London Metal Exchange were lower during morning trading on Friday April 27, except for zinc, which remained unchanged despite another delivery into Antwerp taking zinc's total stocks up to 60,050 tonnes. Zinc deliveries have flooded Antwerp over the week, with some 30,000 tonnes delivered on Wednesday, followed by a further 20,000 tonnes delivered on Thursday and a fresh deliver...Read More
China's domestic hot-rolled coil market was mixed on Friday April 27, with active trading in the eastern region pushing up prices while inactivity in the north had the opposite effect.Domestic Eastern China (Shanghai): 4,110-4,140 yuan ($649-654) per tonne, up 10 yuan per tonne Northern China (Tianjin): 3,970-3,990 yuan per tonne, down 10 yuan per tonne In Shanghai, sales picked up on gains in the...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 April 27:Minor metals Bismuth MB China domestic, yuan/tonne: 67,500-69,000 yuan per tonne from 68,000-69,000 yuan per tonneMagnesium European free market, $/tonne: $2,450-2,475...Read More
An overview of China's minor metals markets in the week of April 23-27 and the reasons for any price moves.Read More