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
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara...Read More
China's ferrous futures decreased during morning trading on Monday April 2, losing the gains made during last Friday night's trading session.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,366 ($536) per tonne, down 61 yuan per tonne May hot-rolled coil: 3,707 yuan per tonne, down 37 yuan per tonne Dalian Commodity Exchange May iron ore: 445 yuan per tonne, down...Read More
Comex copper prices traded at a one-week high Monday morning in the United States following a wave of positive Chinese manufacturing data. Copper for May settlement on the Comex division of the New York Mercantile Exchange gained 2.15 cents - or 0.7% - to $3.0470 per lb. China's Caixin manufacturing purchasing managers' index (PMI) for March came in at 51 on Monday, which was below an expecte...Read More
European antimony prices weakened further last week after material continued to flow into warehouses in Rotterdam while demand remained muted. The Chinese market followed suit with domestic prices there also coming under pressure from feeble demand.Metal Bulletin assessed the MMTA standard grade II antimony in-warehouse Rotterdam price at $8,500-8,660 per tonne on Wednesday March 28, down by 0.1%...Read More
30 Mar 2018China Moly today's Margin Long Amount is 30,664 (x10000) yuan, Short Selling Volume is 27 (x10000) shares. Detail information is as followsMargin long Margin Long Margin Long Short Selling Short Selling Short close Balance Amount Close Balance Volume Volume Amount Amount Volume ----------- ----------- ----------- ------------- ------------- ------------- 29...Read More
30 Mar 2018Jinduicheng today's Margin Long Amount is 648 (x10000) yuan, Short Selling Volume is 0.00 (x10000) shares. Detail information is as followsMargin long Margin Long Margin Long Short Selling Short Selling Short close Balance Amount Close Balance Volume Volume Amount Amount Volume ----------- ----------- ----------- ------------- ------------- ------------- 49...Read More
MUMBAI, March 31 (Reuters) - Vedanta Ltd , theIndian unit of diversified mining group Vedanta Resources plc , said on Saturday it had won in an auction to acquirebankrupt Electrosteel Steels Ltd . The transaction, financial details of which were notdisclosed, is part of India's new bankruptcy law, which is aimedat cutting close to $150 billion of accumulated soured loans bypushing loan defaulter f...Read More
Mar 31(Reuters) - Saturday's Prices in rupees per tonne at the Bombay Metal Exchange: Saturday's Previous Copper Wire Bars (HCL*) 416,000 418,000 Aluminium Ingot 140,000 138,000 Zinc Slab 206,000 206,000 Lead Ingot 154,000 154,000 Tin Slab 1,370,000 1,370,000 Nickel Cathode 640,000 625,000 SCRAPCopper Cable 388,00...Read More
(Corrects paragraphs 12-13 to remove incorrect name ofdefendant's wife, who was not identified in court papers) By Jonathan Stempel and Brendan Pierson NEW YORK, March 30 (Reuters) - A research scientist atMassachusetts Institute of Technology was sentenced on Friday to15 months in prison after admitting to insider trading on amining company merger that his wife, a corporate lawyer, hadbeen workin...Read More
(Corrects paragraphs 11-12 to remove incorrect name ofdefendant's wife, who was not identified in court papers) By Jonathan Stempel and Brendan Pierson NEW YORK, March 30 (Reuters) - A research scientist atMassachusetts Institute of Technology was sentenced on Friday to15 months in prison after admitting to insider trading on amining company merger that his wife, a corporate lawyer, hadbeen workin...Read More
The latest news and price moves to start the Asian day on Friday March 30.Base metals prices on the London Metal Exchange were split into two camps at the close on Thursday March 29, with the market shutting down for a long Easter weekend. Read more here in our live futures report.Here are how LME prices looked at Thursday's close:The European secondary aluminium market is said to be in a sta...Read More
Metal-concentrates exchange Open Mineral has hired a new head of China to set up its office in Shanghai, tapping into one of the world's most significant metals concentrates markets, Metal Bulletin has learned. Wen Wang, former head of China for Cliveden and MRI, has joined the trading platform to oversee the region's business, the company's chief executive officer Boris Eykher told Metal Bulletin...Read More
The latest news and price moves to start the Asian day on Friday March 30.Base metals prices on the London Metal Exchange were split into two camps at the close on Thursday March 29, with the market shutting down for a long Easter weekend. Read more here in our live futures report.Here are how LME prices looked at Thursday's close:The European secondary aluminium market is said to be in a sta...Read More