Major Chinese stainless steel mill Tsingshan Group has raised its high-carbon ferro-chrome tender price for February delivery due to tight supplies both domestically and overseas on Monday January 29 after Baosteel and Taiyuan Iron & Steel (Tisco) raised ferro-chrome tender prices for February last week. Tsingshan Group raised its high carbon ferro-chrome tender price for February delivery to 7,89...Read More
Chrome ore and alloy prices rose in China late last week after tight domestic supply in the East Asian country prompted leading stainless steel mills to give higher February bid prices. Chrome ore and ferro-chrome prices rise in China after mills raise tendersAlloy prices edge higher in South KoreaEuropean alloy prices edge lowerAlloy prices stable in the United States Chrome ore and ferro-chrome...Read More
Turkish steel producers extended their silence in the deep-sea scrap markets at the start of this week, but they still expected to book more cargoes for February, sources said on Monday January 29.Turkish mills were expected by several market sources to book five or six more cargoes for shipping in February, but they were postponing their scrap purchases due to low demand for...Read More
Anglo American has been granted licenses for the expansion of its Minas-Rio iron ore operation in Brazil's south-eastern Minas Gerais state.The installation and preliminary permits were issued by Minas Gerais' mining chamber, CMI, on Friday January 26.With these licenses, the company is now allowed to start the work that will enable it to raise...Read More
Turkish domestic scrap prices have fallen over the past week, in line with weakening imported scrap values, sources said on Monday January 29.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) was TRY1,210-1,400 ($322-373) per tonne delivered, down from last week's $1,300-1,440 per tonne.The fall in the weekly assessment came after steel mills lowered their...Read More
Fortescue Metals Group (FMG) has changed the price adjustment for its 58.3% Fe Fortescue Blend fines to 33% for February shipments, Chinese mill and trading sources told Metal Bulletin on Monday January 29.In December the adjustment was 29% and the new rate is all-time high for the company's flagship product.For its 56.7% Fe Super Special fines, the miner is keeping the February adj...Read More
Iron ore prices softened but remained at the $74-per-tonne-cfr-China mark on Monday January 29 amid declining futures and a subdued steel market in ChinaMetal Bulletin's 62% Fe Iron Ore Index Today: $74.33 per tonne cfr Qingdao Daily change: down by $0.07 per tonne Month-to-date average: $76.12 per tonne Metal Bulletin's 58% Fe Premium Index Today: $60.70 per tonne...Read More
Seaborne iron ore prices softened on Monday January 29 amid weakening futures and a subdued steel market in China.Key driversBillet in China's Tangshan was traded at 3,590 yuan ($568) per tonne including VAT during the day, down 10 yuan per tonne from last Friday.Most mills have completed their restocking of seaborne cargoes, according to several trading sources. Restocking activity at Chinese por...Read More
The return of Chinese buyers to the spot coking coal market is lending stability to prices, though the approaching holiday season in China and parts of Asia may result in lower offers, market participants said on Monday January 29. A cargo of premium low-vol hard coking coal was traded at $217.50 per tonne cfr China at the end of last week, sources told Metal Bulletin. This was preceded by transac...Read More
Commodity markets were mixed on the morning of Monday January 29, with Comex copper picking up a little buying in start-of-week trading.Copper for March settlement on the Comex division of the New York Mercantile Exchange inched up 0.3 cents or 0.1% to trade recently at $3.2020 per lb. Prices have been volatile over the past week, with the weaker dollar - it remains around its lowest in more than...Read More
Key data from the Friday January 29 pricing session in Europe:Indium ingots MB $/kg in-warehouse Rotterdam Key drivers - Cutback in production before Chinese New Year - Tightness in crude supply...Read More
Tight supplies and trader buying continued to push spot cobalt prices higher in the week ended Friday January 26, but currency moves deterred large spot purchases of cobalt in the second half of last week.Metal Bulletin assessed low-grade cobalt prices at $36.95-38.25 per lb, in-warehouse, on Friday, up from $36.90-37.80 per lb at the midweek assessment, and $36.75-37.40 per lb on January 19....Read More
European antimony prices rose on a weekly comparison on Friday January 26 amid tightening supply while Chinese prices were unchanged. Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,200-8,500 per tonne on Friday, unchanged from the midweek assessment but higher week on week from $8,100-8,400 per tonne. Trioxide grade antimony prices in-warehous...Read More
Despite limited spot trades, the Chinese silicon price continued to inch higher on Friday January 26 on tightened supply in the local market, while the European market was stable on muted activity. Metal Bulletin assessed China's grade 553 silicon metal, basis 98.5%, export price at $1,940-2,000 per tonne on Friday, up 0.5% from previously. Most silicon refineries in southern China halted ope...Read More
Chinese cobalt tetroxide prices have risen steadily over the past week due to increased demand from downstream consumers.Metal Bulletin assessed the China cobalt tetroxide price, basis 72.6% cobalt, at 430,000-460,000 yuan ($68,040-72,787) per tonne on Friday January 26, narrowing upward from a range of 410,000-460,000 yuan per tonne previously. This was also 19% higher than the range of 370,000-3...Read More
Base metals prices on the London Metal Exchange are stronger by an average of 1% this morning, Monday January 29. Nickel and zinc prices lead the way with gains of around 2%, followed by lead prices that are up by 1% and copper prices ($7,147 per tonne) that are up by 0.8%, while aluminium and tin lag with gains of 0.2% and 0.1% respectively.Volume has been strong with 13,382 lots traded as of 07....Read More
Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) has been chosen by a French court to take over French speciality steelmaker Asco Industries (Ascometal), it said on Monday January 29.S+B will take over Ascometal's assets on Thursday February 1, with the exception of Ascoval, a joint venture between Ascometal and French tube & pipe producer Vallourec in Saint-Saulve i...Read More
Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) has been chosen by a French court to take over French speciality steelmaker Asco Industries (Ascometal), it said on Monday January 29.S+B will take over Ascometal's assets on Thursday February 1, with the exception of Ascoval, a joint venture between Ascometal and French tube & pipe producer Vallourec in Saint-Saulve i...Read More
There is more to excite the metals industry than the batteries boom, argues Lord Copper, with the global economy's gradual emergence from the 2008 recession boding well for metal demand. Talk to anybody about metals these days and they are almost guaranteed to turn the conversation to batteries, electric vehicles and the metals that produce the motive power. Tesla's Elon Musk certainly garners far...Read More
Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) has been chosen by a French court to take over French speciality steelmaker Asco Industries (Ascometal), it said on Monday January 29.S+B will take over Ascometal's assets on Thursday February 1, with the exception of Ascoval, a joint venture between Ascometal and French tube & pipe producer Vallourec in Saint-Saulve i...Read More