The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletCIS, export, billet, offered at $525 per tonne fob...Read More
Prices for rebar produced and delivered in Northern Europe have remained stable over the past week, with market demand remaining low, market participants told Metal Bulletin on Wednesday March 28."There hasn't been any buying activity recently, but overall consumption of rebar remains quite good," one trader in Northern Europe said.Metal Bulletin's weekly price assessment for domestic rebar in Nor...Read More
Prices for rebar produced and delivered in Southern Europe fell by ?,?10 per tonne this week when Italian mills lowered their prices amid a fall in domestic scrap values and continued weak demand, sources told Metal Bulletin on Wednesday March 28.Metal Bulletin's weekly domestic price assessment for rebar in Southern Europe narrowed downward to ?,?515-530 ($640-658) per tonne delivered on Wednesda...Read More
The following Metal Bulletin noble alloys and ores prices changed on Wednesday March 28:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $12.60-12.70 per lb from $12.60-12.80 per lbFerro-molybdenum MB Chinese free market concentrate, yuan/mtu: 1,680-1,700 yuan per mtu...Read More
Tungsten miner W Resources has secured a development grant of ?,?5.3 million ($6.58 million) for its La Parilla tungsten development in southwest Spain from the regional government, the Junta de Extremadura, it said on Wednesday March 28. The grant equates "to 32% of the ?,?16.6 million plant and facilities package that qualified for grant contribution," it said. Last month, W Resources secured a&...Read More
European spot prices for molybdic oxide have eased due to low key trading activity so far this week, while the ferro-molybdenum spot market has been steady, stabilizing the losses made earlier in March.Both markets have been relatively quiet this week, with market participants reluctant to commit to purchases before the Easter holiday in Europe this weekend, lasting from Friday through Monday. Met...Read More
Metal Bulletin has gathered some of the major talking points from its 19th Asian Ferro-Alloys conference in Hong Kong on March 20-22. 1. Demand for steel and ferro-alloys will come from India, Russia, OBOR and Southeast Asia "From my point of view, market means population. China [has a population of] 1.4 billion people," Mark Shujun Ma, chairman and chief executive officer of metals technology and...Read More
The latest metal markets news and price moves to start the North American day on Wednesday March 28. Base metal prices on the London Metal Exchange were lower across the board during morning trading on Wednesday March 28, with copper recording the biggest decline. The three-month copper price was down $28 per tonne after a third straight day of deliveries into LME warehouses. On-warrant copper sto...Read More
Falling ferro-silicon prices have been a major point of concern since the beginning of this year, but according to Ms Lucy Wang, general manager of Beijing LY Metals and Mining, the market will correct itself soon."There has been stable demand from countries such as Japan and South Korea, importing more ferro-silicon in 2017 compared to 2016, and this will likely continue in 2018," Wang said on th...Read More
Jupiter Mines has announced that the exposure period on its $185-million initial public offering (IPO) has been extended by a week to allow the Australian Securities and Investment Committee more time to view the prospectus.A revised timetable will be released in the near future, the company said. Jupiter, which owns Tshipi - South...Read More
The United States' bulk ferrous scrap export prices made strong gains in two cargo trades to emerging markets this past week, prompting East Coast exporters to raise dock buying prices ahead of what might be another upswing in domestic scrap pricing. In the first deal, a full cargo of shredded scrap was sold to Bangladesh at $435 per tonne cfr, while a second cargo containing an 80:20 mix of No. 1...Read More
Stainless steel scrap dealers and processors in the United States are keeping prices within a very tight range, expressing little trust in the current market."We are treading water at the moment with no movement in prices in any direction. I don't feel that we are on stable footing, with prices being vulnerable to any economic or political event or non-event that may arise," one major US dealer so...Read More
Turkish steel producers have returned to the deep-sea scrap markets after two weeks of silence but prices remained largely stable with the news of a European transaction heard on Wednesday March 28.A steel mill in the Marmara region booked a European cargo, comprising 5,000 tonnes of HMS 1&2 (75:25), 20,000 tonnes of shredded and 5,000 tonnes of bonus at an average price of $375 per tonne cfr.Meta...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, 100,000 tonnes of 61% Fe...Read More
Iron ore prices fell further on Wednesday March 28 despite a slight improvement in the Chinese steel market. Metal Bulletin's 62% Fe Iron Ore Index Today: $63.12 per tonne cfr Qingdao Daily change: down by $2.05 per tonne Month-to-date average: $70.47 per otnne Metal Bulletin's 58% Fe Premium Index Today: $52.34 per tonne cfr Qingdao Daily change:...Read More
Prices and trading activity in the iron ore market softened again on Wednesday March 28 despite some improvement in China's steel market.Key driversThe Chinese ferrous futures market was mixed during the day, with the most-traded steel contracts closing slightly higher than the preceding day's settlement prices, while the benchmark contracts for steelmaking raw materials all ended in negative terr...Read More
Both of Metal Bulletin's premium hard coking coal indices, which track prices in the seaborne market, have fallen below $200 per tonne for the first time since November last year.The Metal Bulletin cfr China Premium Hard Coking Coal Index fell $4.16 per tonne on Wednesday March 28 to $198.76 per tonne while the fob Australia index shed $6.57 per tonne to $193.81 per tonne.An offer for a cargo of p...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday March 28*Copper -$90.85 (-571.68 yuan) Aluminium -$362.14 (-2,278.88 yuan) Zinc -$98.69 (-621.03 yuan) Nickel -$465.12 (-2,926.88 yuan) *The physical arbitrage numbers...Read More
Rotterdam tin premiums rose week on week on March 27 concurrent with expectations of Indonesian exports lowering in coming months, while US and China premiums held steady ahead of the upcoming Easter holidays.Rotterdam 99.9% premium rises US and China premiums steady Indonesian exports expected to slow down Rotterdam 99.9% premium up again while Indonesian supply tightness looms The...Read More
The following Metal Bulletin minor metals prices changed on Wednesday March 28:Minor metals Antimony MB free market regulus, $/tonne: $8,500-8,750 per tonne from $8,500-8,775 per tonneAntimony MMTA standard grade II, $/tonne: $8,500-8,660 per tonne from $8,500-8,675 per tonneAntimony MB Chinese free market MMTA standard grade...Read More