Domestic prices for steel beams in Northern Europe went up again this week following mills' price increase last week, sources told Metal Bulletin on Wednesday July 4.Metal Bulletin's weekly price assessment for domestic S235-grade, 200x200mm category-2 H-beam in Northern Europe rose by ?,?10 per tonne to ?,?590-630 ($687-733) per tonne delivered on Wednesday, from ?,?580-620 per tonne delivered on...Read More

Italian re-rollers have increased domestic plate offers again this week after the previous price rise was reflected in a handful of transactions, sources told Metal Bulletin.Metal Bulletin's price assessment for domestic grade-S235JR heavy steel plate in Southern Europe was ?,?570-580 ($664-676) per tonne ex-works on July 4, up from ?,?560-570 per tonne ex-works a week earlier. The price rose ?,?1...Read More

Prices for rebar produced and delivered in Northern Europe widened upward by ?,?15 per tonne over the past week after mills began to push through price rises for July, sources told Metal Bulletin on Wednesday July 4. Metal Bulletin's weekly price assessment for domestic rebar in Northern Europe was ?,?535-560 ($623-652) per tonne delivered on Wednesday, up from ?,?535-545 per tonne delivered...Read More

Turkey exported 484,858 tonnes of flat steel products in May 2018, according to figures released by the Turkish Statistical Institute (TUIK) on Monday July 2.This volume was up by 8.36% from the 447,462 tonnes exported in May 2017, the institute said.The reason for the increase being small was that Turkey had tripled its export volumes year-on-year in May 2017, so the country was maintaining its s...Read More

Saskatoon, Saskatchewan: 3 July 2018 - The Board of Executive Directors of K+S Aktiengesellschaft (K+S AG) is pleased to announce that as of July 1, 2018, Mr. Sam Farris has succeeded Dr. Ulrich Lamp as President of K+S Potash Canada (KSPC) following Lamp's retirement.Farris, who is born and raised in Saskatchewan, has been working for K+S since August 2011, most recently in the role of Senior Vic...Read More

Key data from the Wednesday July 4 pricing session in Europe. Key drivers - Ferro-titanium prices stable despite illiquid trading in the first week of the seasonal slowdown in the northern hemisphere's summer, with most sources putting $5 per kg delivered duty-paid as a midpoint in the current price range. - One supplier was reaching for...Read More

The following Metal Bulletin noble alloys and ores prices changed on Wednesday July 4:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $10.55-10.65 per lb from $10.60-10.70 Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $26.40-26.60 per...Read More

(Kitco News) - Kitco aficionados, it is now time to have your say in where you think gold prices are heading in the short-term.Will gold prices go higher, lower or remain unchanged next week? Kitco readers will have until 9 a.m. EDT, Friday to cast their vote. The results will be tabulated and released after noon (12 PM EDT) along with the results from our market professional survey.Readers can al...Read More

The impact of America’s historic tax cuts passed in December will be felt in the second quarter, according to economists from CIBC World Markets. The bank expects U.S. second quarter growth to exceed 4%. “While the remainder of the year won’t look as hot, expected strength in business capital spending will be enough to propel 2018 just under 3% growth,” the analysts say. Ho...Read More

(Kitco News) - Rising inflation fears could be the reason why gold is not doing better with the U.S. and China on the brink of a full-fledged trade war, according to the chief economist at CME Group.Although U.S. investors have a small reprieve from trade-war talks as markets are closed in celebration of Independence Day, many are waiting to see what will happen after the holiday. Friday is the U....Read More

Pellet production volumes at Ukraine-focused iron ore producer Ferrexpo fell by 1.24% year-on-year to 5.10 million tonnes in the first half of 2018, because of planned outages for equipment maintenance.The company refurbished one of its four pelletizing lines over a 65-day shutdown period during the second quarter of the year.Among the total of 5.10 million tonnes of pellet produced in January-Jun...Read More

By Peter KennedyDrilling operations at Nickel Creek Platinum's 100%-owned Nickel Shaw Project in the Yukon Territory. Source: Nickel Creek Platinum Ltd.Nickel Creek Platinum Ltd. [NCP-TSX; NCPCF-OTCQX], a company previously known as Wellgreen Platinum, is hitching itself onto the electric vehicle revolution in a bid to improve the economic viability of its Yukon project, attract more investors int...Read More

* Euro/dollar stays in tight range in light trading* U.S. public holiday keeps some traders on sidelines* Yuan bounces off 11-month low after Tuesday’s PBOC comments* Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVhBy Tommy WilkesLONDON, July 4 (Reuters) - The euro fell on Wednesday as weaker confidence in the euro zone overshadowed better-than-expected data on business activity, while con...Read More

Brazilian products continued to command a big premium over Australian materials in the seaborne iron ore market on Wednesday July 4.Metal Bulletin 62% Fe Iron Ore Index: $64.20 per tonne cfr Qingdao, down $0.35 per tonne Metal Bulletin 62% Fe Pilbara Blend fines Index: $62.97 per tonne cfr Qingdao, down $0.49 per tonneMetal Bulletin 58% Fe Premium Index: $51.66 per tonne cfr Qingdao, down $0.29 pe...Read More

LONDON (Reuters) - The pound rose on Wednesday after a survey showing Britain’s dominant services industry gained momentum last month fuelled expectations of a Bank of England interest rate rise this summer.After a sluggish start to 2018, the British economy is showing tentative signs of a recovery with surveys this week for the manufacturing, construction and services sectors beating expect...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, 210,000 tonnes of 61% Fe Pilbara Blend fines, sold at $61.95 per tonne cfr China, laycan July 21-30.Vale, Global...Read More

CALGARY/LONDON (Reuters) - Brent oil rose on Wednesday, driven higher by a threat from an Iranian commander and a drop in U.S. crude inventories for the second week in a row.The price rose above $78 a barrel after an Iranian Revolutionary Guards commander said he was ready to prevent regional crude exports if Iranian oil sales were banned by the United States.The most-active Brent LCOc1 futures co...Read More

The seaborne coking coal spot market took a breather on Wednesday July 4 with buyers withdrawing to the sidelines in anticipation of prices to drop. "Coking coal prices are propped up due to speculation and rumors fueling supply concerns but the reason feels weak and unconvincing," a North Asian end-user source said. A South Asian end-user source concurred, saying "the market is definitely going s...Read More

NEW YORK/HONG KONG (Reuters) - China’s embattled ZTE Corp (0763.HK) has received a temporary reprieve from the U.S. government to conduct business needed to maintain existing networks and equipment as it works toward the lifting of a U.S. supplier ban.ZTE (000063.SZ), which makes smartphones and networking gear, was forced to cease major operations in April after the United States slapped it...Read More

China's ferrous futures picked up across the board during morning trading on Wednesday July 4.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,812 yuan ($572) per tonne, up 47 yuan per tonne October hot-rolled coil: 3,917 yuan per tonne, up 51 yuan per tonne Dalian Commodity Exchange September iron ore: 464.50 yuan per tonne, up 3.50 yuan per tonne September coki...Read More