The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday April 27:Noble alloys Molybdenum US canned molybdic oxide, $/Ib $12.30-12.50 per Ib from $12.00-12.30 Tungsten European free market APT, $/mtu: $327-336 per mtu from $325-328 Ferro-tungsten basis 75% W Rotterdam duty unpaid, $/kg: $39.30-40.50 per kg from $39.50-40.50 Ferro-vanadium basis 78% min, free deliver...Read More
Peruvian iron ore producer Shougang Hierro Per?? saw its net profit fall by 41.29% year-on-year in the first quarter of 2018, due to lower sales prices.The company's net profit totaled 180.63 million nuevos soles ($55.62 million), compared with 307.65 million nuevos soles a year earlier, it said in a note to Peruvian securities regulator SMV on...Read More
UAE long steel producer Emirates Steel has developed a light steel scrap shredder with capacity for 350,000 tonnes per year so it can use local scrap as an alternative feedstock during periods of high price volatility.Emirates Steel, which predominantly produces steel products via the direct-reduction iron (DRI) route, has gradually increased the volume of scrap it purchases to 225,000 tpy in 2017...Read More
Global ferrous scrap prices were mostly going down during the working week ended Friday April 27 due to thinner trading and weaker demand.A public holiday in Turkey reduced the demand for bulk cargoes, while a slight pickup in daily prices toward the end of the week did not boost week-on-week price changes. The weak bulk export sales in the United States added downward pressure to bulk prices, com...Read More
Prices for containerized shredded scrap imported into India were stable this week with buyers returning to the market following a lull in activity, sources told Metal Bulletin on Friday April 27.Metal Bulletin's weekly index for containerized imports of shredded scrap into India was largely unchanged this week at $385.15 per tonne cfr Nhava Sheva on April 25, down by $0.29 week-on-week, compared w...Read More
Brazilian pig iron export prices were unchanged for the third week in a row on Friday April 27, due to the lack of activity in the final trading days of April.Metal Bulletin's weekly price assessment for Caraj??s-origin pig iron exports was $405-410 per tonne fob on Friday, stable on a weekly basis.Over the same period, Metal Bulletin's weekly price assessment for Minas Gerais-origin pig iron expo...Read More
The UK inter-merchant price range for austenitic alloy steel scrap fell by ?30-60 per tonne this week, after the price of nickel weakened sharply, sources said on Friday April 27.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?950-980 ($1,324-1,366) per tonne delivered on Thursday, compared with ?980-1,040 per tonne on April 20, which was its highest...Read More
The latest metal markets news and price moves to start the North American day on Friday April 27.Base metals on the London Metal Exchange were lower during morning trading, except for zinc, which remained unchanged despite another delivery into Antwerp taking zinc's total stocks up to 60,050 tonnes.Here's how base metals prices looked at 12:15 London time:Read our live futures report here."Volatil...Read More
Most iron ore market participants stayed away on Friday April 27 to cut their risk ahead of a 4-day trading break in China due to a public holiday over the first two days of next week.Metal Bulletin 62% Fe Iron Ore Index: $65.68 per tonne cfr Qingdao, down by $0.60 per tonneMetal Bulletin 58% Fe Premium Index: $55.48 per tonne cfr Qingdao, down by $0.42 per tonneMetal Bulletin 65% Fe Iron Ore Inde...Read More
Trading activity in the seaborne coking coal market remained robust on Friday April 27 with traders procuring several cargoes ahead of a long weekend in China, sources said.A cargo of premium mid-vol hard coking coal was traded at $184 per tonne cfr China while a top Australian brand changed hands against an index at a 3% premium, they said. Several sources also told Metal Bulletin late on Friday...Read More
Base metals on the London Metal Exchange were lower during morning trading on Friday April 27, except for zinc, which remained unchanged despite another delivery into Antwerp taking zinc's total stocks up to 60,050 tonnes. Zinc deliveries have flooded Antwerp over the week, with some 30,000 tonnes delivered on Wednesday, followed by a further 20,000 tonnes delivered on Thursday and a fresh deliver...Read More
China's domestic hot-rolled coil market was mixed on Friday April 27, with active trading in the eastern region pushing up prices while inactivity in the north had the opposite effect.Domestic Eastern China (Shanghai): 4,110-4,140 yuan ($649-654) per tonne, up 10 yuan per tonne Northern China (Tianjin): 3,970-3,990 yuan per tonne, down 10 yuan per tonne In Shanghai, sales picked up on gains in the...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Metal Bulletin minor metals prices changed on Friday April 27:Minor metals Bismuth MB China domestic, yuan/tonne: 67,500-69,000 yuan per tonne from 68,000-69,000 yuan per tonneMagnesium European free market, $/tonne: $2,450-2,475...Read More
An overview of China's minor metals markets in the week of April 23-27 and the reasons for any price moves.Read More
Base metals prices on the London Metal Exchange were broadly down this morning, Friday April 27, with only aluminium in positive territory - up by 0.8% at $2,289 per tonne. The rest were all lower by an average of 0.3%.Volume is up from this time on Thursday, but at 4,449 lots as of 06.16 am London time is still below average. Thursday's trading started on a weak footing, but most of the metals en...Read More
Both flat and long stainless steel products' prices in Europe have remained unchanged over the past week amid continued low market activity, sources told Metal Bulletin on Friday April 27.Metal Bulletin's weekly base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet was stable week on week at ?,?1,050-1,100 ($1,276-1,336) per tonne delivered in Northern Europe on Friday."M...Read More
European alloy steel surcharges for May deliveries of grade-304 cold-rolled (CR) stainless steel sheet have risen for the fourth consecutive month on an increase in nickel costs.The May alloy surcharge for 2mm grade-304 CR stainless steel sheet - based on data published by Outokumpu, Acerinox and Aperam - is ?,?1,385-1,434 ($1,683-1,742) per tonne. This is up month-on-month from April's surcharge...Read More
The Turkish ministry of economy has started an investigation into the impact of steel imports on the country's domestic steelmaking industry, it said on Friday, April 27. Market participants believe the investigation is a precautionary measure against the Section 232 tariffs being introduced by the US, because Turkey may become an open market for dumped products once the US measures start to...Read More
China's domestic stainless steel prices narrowed over the past week amid a mixed outlook for the market. Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,300-14,800 yuan ($2,259-2,338) per tonne including VAT for the week ended Thursday April 26, compared with 14,100-15,000 yuan per tonne a week earlier. Customers booked stainles...Read More