Anglo American has again halted iron ore output at its Brazilian Minas-Rio operation, with the company's shipments affected after a pulp leakage at its slurry pipeline on Thursday March 29."The supply is paralyzed, as the stock level of 700,000 tonnes of iron ore ended," the miner told Metal Bulletin on April 2."We are now negotiating [the issue] with each client," it added.The company supplies th...Read More
Big gains in the billet market over the weekend gave support to tender prices on the seaborne iron ore market on Monday April 2, though premiums for the most-liquid Pilbara Blend fines continued to weaken.Metal Bulletin 62% Fe Iron Ore Index: $65.80 per tonne cfr Qingdao, up by $0.81 per tonne Metal Bulletin 58% Fe Premium Index: $52.49 per tonne cfr Qingdao, up by $0.49 per tonne Metal Bulletin 6...Read More
The seaborne coking coal market was quiet on Monday April 2 with prices for premium hard coking coal falling by 5% - about $10 per tonne - over the past week. Metal Bulletin's fob Australia Premium Hard Coking Coal Index ended the day at $193.05 per tonne, while the cfr China index was at $195.78 per tonne, both unchanged from last Thursday.The indices were not published last Friday due...Read More
China's hot-rolled coil prices gained some strength on Monday April 2 though trading thinned after the paper market lost its steam during the day.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($615-618) per tonne, up 40 yuan per tonneNorthern China (Tianjin): 3,850-3,870 yuan per tonne, up 60 yuan per tonneHRC prices increased after the futures contract for the flat steel product opened high....Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Monday April 2.Base metals traded on the Shanghai Futures Exchange were all higher during Asian morning trading but gains were somewhat limited in some of the metals following the release of two sets of Chinese manufacturing data showing mixed results. China's Caixin manufacturing purchasi...Read More
Big gains in the billet market over the weekend gave support to tender prices on the seaborne iron ore market on Monday April 2, though premiums for the most-liquid Pilbara Blend fines continued to weaken.Metal Bulletin 62% Fe Iron Ore Index: $65.80 per tonne cfr Qingdao, up by $0.81 per tonne Metal Bulletin 58% Fe Premium Index: $52.49 per tonne cfr Qingdao, up by $0.49 per tonne Metal Bulletin 6...Read More
The seaborne coking coal market was quiet on Monday April 2 with prices for premium hard coking coal falling by 5% - about $10 per tonne - over the past week. Metal Bulletin's fob Australia Premium Hard Coking Coal Index ended the day at $193.05 per tonne, while the cfr China index was at $195.78 per tonne, both unchanged from last Thursday.The indices were not published last Friday due...Read More
China's hot-rolled coil prices gained some strength on Monday April 2 though trading thinned after the paper market lost its steam during the day.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($615-618) per tonne, up 40 yuan per tonneNorthern China (Tianjin): 3,850-3,870 yuan per tonne, up 60 yuan per tonneHRC prices increased after the futures contract for the flat steel product opened high....Read More
China's rebar prices experienced big gains on Monday April 2, especially in the domestic segment, following a surge in the billet market over the weekend.Domestic Eastern China (Shanghai): 3,700-3,740 yuan ($589-595) per tonne, up 140-150 yuan per tonneNorthern China (Beijing): 3,780-3,800 yuan per tonne, up 60-70 yuan per tonneBillet prices rose sharply during the weekend due to strong demand, wh...Read More
The Chinese silicon export market weakened further this past week, with exporters again lowering their quotations to attract business amid continued sluggish demand.The Chinese grade 553 silicon export price slipped to $1,940-1,980 per tonne on Friday March 30, from $1,960-2,000 per tonne a week earlier. The majority of quotations that buyers received from Chinese suppliers were around $1,950 per...Read More
Copper stocks in the Shanghai-bonded zone rose amid a closed import arbitrage while nickel and zinc stocks fell in March, according to Metal Bulletin's assessments.Copper Copper stocks in Shanghai-bonded warehouses were at 500,000-510,000 tonnes on Monday March 26, up from 460,000-470,000 tonnes a month earlier, according to Metal Bulletin's assessment. Import arbitrage opportunities bef...Read More
Good morning from Metal Bulletin's office in Singapore as we bring you the latest news and pricing stories on Monday April 2.Base metals traded on the Shanghai Futures Exchange were all higher during Asian morning trading but gains were somewhat limited in some of the metals following the release of two sets of Chinese manufacturing data showing mixed results. China's Caixin manufacturing purchasi...Read More
Base metals traded on the Shanghai Futures Exchange were all higher during Asian morning trading on Monday April 2, but gains were somewhat limited in some of the metals following the release of two sets of Chinese manufacturing data showing mixed results.The most-traded copper contract on the SHFE was at 50,210 yuan ($7,994) per tonne as of 10.56am Shanghai time, up by 30 yuan per tonne from Frid...Read More
Demand for flat steel in Turkey will remain moderate through April; and no price increases are expected, because end-user demand is not strong, market participants told Metal Bulletin. "Everyone expects prices to fall, but if demand from Europe remains good, producers may not decrease [their prices]. The market is uncertain for now," one market participant said on Thursday March 29. "Prices need t...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 transaction: Hot-rolled coilHot-rolled coilEast China,...Read More
With competition in the global steel markets remaining fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in March 2018.The case list below includes only updates. For other continuing cases...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet China,...Read More
Chinese tungsten concentrates market continued to fall, and exporters in ammonium paratungstate (APT) and ferro-tungsten markets adjusted offers lower accordingly. European ferro-tungsten went down again, but APT was flat over the past two weeks. Expectations that more miners will restart press down the tungsten concentrates prices in China Buying interest in APT decreased European mar...Read More
Brazilian iron ore export volumes fell by 17.7% year on year in March, according to figures released by national foreign trade ministry MDIC on Monday April 2.Iron ore shipments totaled 29.95 million tonnes during the month versus 36.39 million tonnes in March 2017.Export revenue declined by 27.9% to $1.68 billion from $2.33 billion in the same comparison due to lower iron ore...Read More
Canada-based Quebec Iron Ore (QIO), a subsidiary of Champion Iron Ltd, said last week it will ship 200,000 wet metric tonnes of high-grade 66% Fe iron concentrate to Asia. Champion Iron had acquired the Bloom Lake mine facilities in Quebec, Canada, from Cleveland-Cliffs (formerly Cliffs Natural Resources) in 2016. Operations at the mine restarted this past February."The first vessel is being loade...Read More