Turkey's import volumes of flat steel increased by 4.06% year-on-year in January 2018, according to the Turkish Statistical Institute (TUIK).The country imported 682,069 tonnes of flat steel, compared with 655,477 tonnes in January 2017, TUIK statistics published on Friday March 2 showed.Demand for flat steel is strong in Turkey, with local producers fully booked until late May, so import volumes...Read More
The Chinese ferro-silicon market dropped on Friday March 2, with one major tender signaling a slower return in demand from Chinese consumers after the recent national week-long holiday. Chinese steel tenders signal shift in demand Other consumer markets also dropped European market moves sideways, eyes March business US steady on reduced imports Chinese domestic ferro-silicon pr...Read More
Low-grade manganese ore prices sailed through the $8 per dry metric tonne unit (dmtu) mark on Friday March 2 in China after producers ratcheted up their offers and on continued demand. Low-grade ore prices exceed $8 per dmtu in ChinaHigh-grade ore market lags in thin tradingSmelter backlash fails to slow rallyAlloy prices hold in most regionsUS ferro-manganese prices edge higher Low-grade mangane...Read More
Export volumes of Brazilian pig iron fell by 24.77% year-on-year in February, mainly due to reduced buying activity in the United States and Italy.Shipments totaled 178,260 tonnes, against 236,952 tonnes a year before, according to figures released by Brazilian foreign trade ministry MDIC on Monday March 5.Brazil exported 75,784 tonnes of pig iron to the US last month, down from 106,137 tonnes in...Read More
Brazilian iron ore export volumes to China were virtually unaltered in February, decreasing by only 0.58% on an annual basis, amid lower sales prices.Shipments totaled 13.67 million tonnes, compared with 13.75 million tonnes a year before, according to figures released by Brazilian foreign trade ministry MDIC on Monday March 5.In the same comparison, the average fob iron...Read More
Turkish domestic scrap prices strengthened over the past week, in line with rising imported scrap costs, sources said on Monday March 5.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) was TRY1,260-1,400 ($331-367) per tonne delivered on March 5, narrowing upward from last week's TRY1,230-1,400 per tonne.The change came about after a number of steel mil...Read More
Iron ore prices fell on Monday March 5 after China's ferrous futures weakened across the board.Metal Bulletin's 62% Fe Iron Ore Index Today: $77.03 per tonne cfr QingdaoDaily change: down by $1.31 per tonneMonth-to-date average: $78.25 per tonneMetal Bulletin's 58% Fe Premium Index Today: $60.78 per tonne cfr QingdaoDaily change: down by $0.89 per tonneMonth-to-date average: $61.50 per tonneMetal....Read More
Seaborne iron ore prices softened on Monday March 5 amid a weakening of ferrous futures in China. Key drivers The decline in the futures market weighed on the spot prices for both steel and iron ore. A number of traders lowered their offers to generate some buying interest. For instance, March-delivery cargoes of 61% Fe Pilbara Blend fines were offered at $75-75.25 per tonne cfr. There were also M...Read More
The seaborne coking coal market took a breather on Monday March 5 with end-users still waiting on the sidelines for a clearer trend to form. A prompt cargo of lower-ranked second-tier product was transacted at $200 per tonne cfr China, sources said. There are at least nine March- and April-laycan cargoes of premium materials being offered in the seaborne market, according to various sources. "Thre...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 ore Iron oreAnshan Iron & Steel, Beijing Iron Ore Trading Center (Corex),...Read More
Chinese silicon metal export prices continued to edge up on Friday March 2 amid renewed buying interest from Japanese buyers last week. Metal Bulletin's Chinese grade 553 silicon metal export price moved up to $2,010-2,050 per tonne on Friday, up 0.2% from the previous week. Tightness on spot availability persisted and is expected to be a dominant theme for March as a result of the halt of op...Read More
Supply tightness pushed European antimony prices higher again over the past week, while the Chinese market was quiet with most consumers adopting a wait-and-see stance following the break for Chinese New Year.The European antimony market strengthened again this past week, with many sellers reluctant to part with material ahead of any further increases prompted by recovering Chinese demand. But som...Read More
Base metals traded on the London Metal Exchange are for the most part weaker this morning, Monday March 5, with the complex down by an average of 0.4%.Nickel leads on the downside with a 1.1% fall, copper prices are down by 0.4% at $6,887 per tonne and tin is the only metal where prices are higher, up by 0.2% at $21,595 per tonne.Volume has been high with 10,045 lots traded as of 07.30am London ti...Read More
A high availability of scrap put pressure on European floated frag and cast prices on Friday March 2, with Metal Bulletin's assessments dropping for the first time since September 15, 2017. Metal Bulletin's prices for floated frag for delivery in Europe, fell to ?,?1,280 -1,310 ($1,577-1,614) per tonne in Friday's assessment from ?,?1,300-1,330 per tonne seven days earlier, while European cas...Read More
So President Trump confirmed, last week, that from later this week, he will formally introduce a blanket tariff on steel imports, at 25%, and aluminium, at 10%.Both tariffs are in fact higher than those recommended by the DOC (Dept. of Commerce). In return, he stated to a number of metal manufacturers Thursday (March 1) "You'll have to regrow your industries; that's all I'm asking". To be fair to...Read More
So President Trump confirmed, last week, that from later this week, he will formally introduce a blanket tariff on steel imports, at 25%, and aluminium, at 10%.Both tariffs are in fact higher than those recommended by the DOC (Dept. of Commerce). In return, he stated to a number of metal manufacturers Thursday (March 1) "You'll have to regrow your industries; that's all I'm asking". To be fair to...Read More
So President Trump confirmed, last week, that from later this week, he will formally introduce a blanket tariff on steel imports, at 25%, and aluminium, at 10%.Both tariffs are in fact higher than those recommended by the DOC (Dept. of Commerce). In return, he stated to a number of metal manufacturers Thursday (March 1) "You'll have to regrow your industries; that's all I'm asking". To be fair to...Read More
So President Trump confirmed, last week, that from later this week, he will formally introduce a blanket tariff on steel imports, at 25%, and aluminium, at 10%.Both tariffs are in fact higher than those recommended by the DOC (Dept. of Commerce). In return, he stated to a number of metal manufacturers Thursday (March 1) "You'll have to regrow your industries; that's all I'm asking". To be fair to...Read More
This has been yet another week in which events transpired that profoundly influenced the financial landscape. It seems as though volatility and uncertainty have become intrinsic outcomes of statements recently made by those that run our country. The hawkish testimony on Tuesday to Congress by newly appointed Federal Reserve Chairman Jerome Powell resulted in a dynamic selloff in U.S. equities. Thi...Read More
(Kitco News) - U.S. President Donald Trump once again has shown his affinity for gold, coming to the market’s rescue Thursday as prices fell to a two-month low.The gold market is heading into the weekend, benefiting from renewed market volatility and geopolitical uncertainty as investors digest the implication of a possible global trade war after Trump announced that his administration would...Read More