Manganese ore prices showed early signs of weakness in the latest pricing session after alloy smelters continued to protest the recent rally, launching aggressive bids. Low-grade ore prices dip amid aggressive smelter bidsHigh-grade ore prices keep risingSpot silico-manganese prices weaken in ChinaAlloy prices hold in Europe and IndiaUS refined manganese alloys bolstered by shipping issues Mangane...Read More
A Brazilian court has ordered iron ore mining company Min?(C)rios Nacional, owned by local steel and iron ore producer Companhia Sider??rgica Nacional (CSN), to take emergency action to ensure the stability of two tailing dams in the country's south-eastern Minas Gerais state.The dams belong to CSN's Fernandinho mining complex, in Rio Acima city. The mine's iron ore output, currently around 18,000...Read More
The Turkish steel mills extended their silence in the deep-sea scrap market on Monday March 19, amid weak rebar demand in the country's export markets.There were rumors of a Baltic Sea cargo sold to a steel mill in the Iskenderun region, but no market participants could confirm such a transaction.Rebar demand in the country's export markets has slowed down significantly, after the Section 232 anno...Read More
Turkish domestic scrap prices have continued to rise in line with strong finished steel values and the weakening of the Turkish lira, sources said on Monday March 19.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) in Turkey on Monday was TRY1,300-1,520 ($331-387) per tonne delivered, up from last week's TRY1,260-1,420 per tonne.The upward movement in the assessm...Read More
Iron ore prices tumbled on Monday March 19 following big losses in China's steel and futures markets.Metal Bulletin's 62% Fe Iron Ore Index Today: $67.45 per tonne cfr QingdaoDaily change: down by $2.39 per tonneMonth-to-date average: $73.13 per tonneMetal Bulletin's 58% Fe Premium Index Today: $54.58 per tonne cfr QingdaoDaily change: down by $2.33 per...Read More
The seaborne coking coal market continued to show signs of strengthening at the start of the week, with sellers holding on to their cargoes after prices picked up last week.An April-laycan cargo of premium mid-vol hard coking coal was traded at $218 per tonne fob Australia to the ex-China market, sources told Metal Bulletin on Monday March 19. "We are still watching where the market is headed now,...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,...Read More
Seaborne iron ore prices continued to fall toward the $65-per-tonne-cfr-China mark on Monday March 19 amid heavy losses in China's steel and futures markets.Key driversChina's ferrous futures tumbled across the board again, with the benchmark iron ore contract recording the biggest loss in percentage terms - 4.5% - compared with last Friday's settlement price.The country's spot rebar and hot-rolle...Read More
Taiwan saw its ferrous scrap imports rise 11.4% year on year in January, according to the territory's customs agency.The island imported 237,206 tonnes of ferrous scrap during that month, 24,282 tonnes higher than the 212,924 tonnes it took in a year earlier, data from its Customs Administration showed.January's imports are just slightly higher than the...Read More
Silicon prices in China moved down over the past week on reduced demand, while European prices were mixed.Chinese silicon export prices dropped due to sluggish demand after Japanese buying appetites waned.The Chinese grade 553 silicon export price fell 1.2% to $1,980-2,030 per tonne on Friday March 16 from $2,010-2,050 per tonne a week earlier.Despite low operational rates for grade 553 silicon pr...Read More
European antimony prices were steady in the latest pricing session due to supply tightness, while the Chinese market remained quiet with limited spot activity taking place. Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,600-8,800 per tonne on Friday March 16, unchanged from Wednesday's assessment, when prices had also stayed stable. Trioxide grade...Read More
Lithium mostly hits the headlines in debate about increasing battery production, but it's probably not presently the mineral that worries the industry most. That distinction likely goes to cobalt, for a few reasons. It is - with today's technology - a vital part of lithium-ion batteries, which are those used in smartphones, laptops and other devices, including, importantly, the current generation...Read More
Key data from the Friday March 16 pricing session in Shanghai.Cobalt Metal MB China domestic min 99.8% RMB/tonneKey drivers- The Metal Bulletin-assessed Chinese cobalt (min 99.8%) price jumped to 665,000-680,000 yuan per tonne (equivalent to $40.72-41.64 per lb, ex-China value-added tax) on March 16, supported by the lingering momentum of a rally in cobalt futures prices seen since early last week...Read More
Strong demand from India is continuing to support the cadmium market, with the price for higher-grade material reaching fresh highs this week, even with the end of the fiscal year approaching, market sources told Metal Bulletin.But many companies are said to be putting off payments for the next couple of weeks.Metal Bulletin assessed the 99.99% cadmium quotation at 155-175 cents per lb on Friday M...Read More
After suffering for some seven years through to 2015, the world's steelmakers have had cause for cheer over the past couple of years. After some heavy losses and write-downs, they finally appear to have emerged from the wreckage of the global financial crisis. An economic upswing has taken root in most regions of the world, Chinese steel output and export growth has slowed noticeably, and steel pr...Read More
After suffering for some seven years through to 2015, the world's steelmakers have had cause for cheer over the past couple of years. After some heavy losses and write-downs, they finally appear to have emerged from the wreckage of the global financial crisis. An economic upswing has taken root in most regions of the world, Chinese steel output and export growth has slowed noticeably, and steel pr...Read More
After suffering for some seven years through to 2015, the world's steelmakers have had cause for cheer over the past couple of years. After some heavy losses and write-downs, they finally appear to have emerged from the wreckage of the global financial crisis. An economic upswing has taken root in most regions of the world, Chinese steel output and export growth has slowed noticeably, and steel pr...Read More
After suffering for some seven years through to 2015, the world's steelmakers have had cause for cheer over the past couple of years. After some heavy losses and write-downs, they finally appear to have emerged from the wreckage of the global financial crisis. An economic upswing has taken root in most regions of the world, Chinese steel output and export growth has slowed noticeably, and steel pr...Read More
After suffering for some seven years through to 2015, the world's steelmakers have had cause for cheer over the past couple of years. After some heavy losses and write-downs, they finally appear to have emerged from the wreckage of the global financial crisis. An economic upswing has taken root in most regions of the world, Chinese steel output and export growth has slowed noticeably, and steel pr...Read More
After suffering for some seven years through to 2015, the world's steelmakers have had cause for cheer over the past couple of years. After some heavy losses and write-downs, they finally appear to have emerged from the wreckage of the global financial crisis. An economic upswing has taken root in most regions of the world, Chinese steel output and export growth has slowed noticeably, and steel pr...Read More