The latest bids, offers and deals in the global markets for steel billet, slab and bloom. ...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, HDGHot-rolled coilIndia, export, hot-rolled coil (2mm), offered at $640-650 per tonne cfr, to the UAE. China, export, hot-rolled coil (2mm), offered at $620-630...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebar Turkey, export, rebar, offered at $615-620 per tonne cfr on theoretical weight basis, to...Read More
The latest metal markets news and price moves to start the North American day on Tuesday March 13. Base metals prices on the London Metal Exchange edged higher during morning trading, with most metals recovering from Monday's lull."The LME complex is a mixed bag with zinc and nickel finding some [arbitrage]-related buying and aluminium [finding] some light consumer demand to help lift [prices] off...Read More
Upper group two (UG2) chrome ore and charge chrome prices were firmer on good demand and appreciation of the South African rand, while Asian ferro-chrome prices were mixed and US and European ferro-chrome prices were stable. UG2 chrome ore and charge chrome prices rise in ChinaChine ferro-chrome prices widen as stocking activity continues in East and South ChinaEurope and US ferro-chrome prices st...Read More
Due to an administration error, the Metal Bulletin 44% manganese ore index was calculated incorrectly on March 9. Metal Bulletin has corrected its 44% manganese ore index, which was published incorrectly on Friday due to an administrative error.It was incorrectly published at $8.81 per dmtu on Friday, which has now been corrected to 8.63 cents per dmtu. Metal Bulletin's price book a...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price quotations, follow the links below:China- APT, fob China- Ferro-tungsten, fob ChinaEurope- APT, cif Rotterdam- Ferro-tungsten, in-warehouse Rotterdam...Read More
Traders in China are playing a key role in continuing the rally in manganese ore prices, nearly two weeks after end-users met to agree a price ceiling, market sources told Metal Bulletin.Manganese alloy smelters held a meeting earlier this month and agreed not to buy ore above $8.00 per dry metric tonne unit (dmtu), on a cif basis in China. The agreement has so far failed to cap prices, which shot...Read More
The Chinese vanadium market edged upward despite limited trading activity, while the European and US ferro-vanadium markets surged on significant supply concerns. Chinese vanadium suppliers raise offers despite limited activity European market surges on increasingly tight supply US ferro-vanadium market strengthens again, supply squeeze supportsChinese ferro-vanadium export prices continued to tre...Read More
Iron ore prices stayed above $69 per tonne cfr China on Tuesday March 13 on a lack of trading activity. Metal Bulletin's 62% Fe Iron Ore Index Today: $69.78 per tonne cfr Qingdao Daily change: down by $0.15 per tonne Month-to-date average: $74.41 per tonne Metal Bulletin's 58% Fe...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
The seaborne coking coal market lost ground on Tuesday March 13 after a trade was reportedly done at a lower level. A top Australian brand with a March-laycan changed hands at around $220-221 cfr China, according to various sources. End users in China continued to stay on the sidelines in anticipation of lower prices, after as premium hard coking coal cargoes transacted some $6-14 per tonne cfr Ch...Read More
Due to a change in publication time by the London Bullion Market Association (LBMA) to midnight on the day of publication, the daily LBMA gold and silver prices will be published by Metal Bulletin on the following day. The change will apply to the prices below from April 1, 2018: Gold London Morning Daily Price $ per troy oz Gold London Morning Daily price ? per troy oz Gold London Afternoon...Read More
Low and high grade cobalt prices converged and continued to rise last week, amid heightening tightness for broken cathode and sellers' reluctance to offer to spot inquiries. High and low-grade cobalt prices were both assessed at $39.50-40.75 per lb, in-warehouse, on Friday March 9. The two grades were last assessed at parity on December 1. The high-grade price increased from $39.40-40.45 per lb on...Read More
Hiroki Oda has been appointed vice president, marketing and sales, for Freeport Cobalt, based in Tokyo, Japan, US-based parent company Freeport-McMoRan has announced.Oda will be responsible for strategy development, marketing and global sales for the entire Freeport Cobalt product line, and will report to Stephen Higgins, president of Freeport Cobalt.He was previously Freeport Cobalt's global busi...Read More
Despite the better-than-expected 2018 Chinese government's subsidy policy on electric vehicles (EVs), cobalt demand in local market is likely to be subdued after transitional period specified in the new policy expires in June, market participants told Metal Bulletin.As the market had expected, China's 2018 EV subsidy policy prioritizes pure EVs with a higher driving range and energy density. Yet,...Read More
Shorter lead times, smaller volumes and less onerous financing arrangements have seen portside iron ore trading grow in popularity over the past three-to-four years. Portside iron ore prices in China have largely remained at a discount to seaborne levels so far this year amid a slowdown in construction activity and high stock levels.According to estimates from a local information provider in China...Read More
Selling pressure in gold, as well as a strong U.S. dollar, have canceled each other out to leave gold unchanged on the day. As of 3:30 PM Eastern standard time, April gold futures are currently unchanged and trading at $1,324 per ounce.Spot gold is currently fixed at $1,322.90, which is a net loss of $0.20 on the day. According to the Kitco Gold Index, a weakening U.S. dollar is adding $3.40 value...Read More
(Kitco News) - Gold and silver prices were ending the U.S. day session modestly weaker Monday. Keener risk appetite in the world marketplace at present is keeping the buyers of the safe-metals squelched. A weaker U.S. dollar index today did allow gold and silver to move off of their daily lows that were scored in early dealings. April Comex gold futures were last down $3.90 an ounce at $1,320.20....Read More
(Kitco News) - The gold market could struggle to attract buyers in the near-term as markets focus on the impending Federal Reserve interest rate hike next week, but one investment firm sees the potential for the yellow metal in the second half of the year as focus turn to a lackluster U.S. dollar.In a recent interview with Kitco News, Maxwell Gold, director of investment strategy and research at E...Read More