Gold prices settled lower on Monday, suffering a monthly decline, as the dollar index was on track to notch its best month in more than a year. June gold GCM8, +0.15% fell $4.20, or 0.3%, at $1,319.20 an ounce, ending off its lows of the session. June gold notched a 0.6% monthly decline, based on the closing level on March 29. The ICE U.S. dollar index DXY, +0.70% was up 0.2% at 91.78. Its moves...Read More

Spot zinc concentrate treatment charges basis CIF to major East Asian ports remained flat while lead concentrate terms declined marginally in April.The market remains extremely tight for spot concentrates, with mine supply yet to translate into markedly higher terms paid for cargoes.In China, the domestic zinc market's delivered TCs fell further, while mines struggled to ramp up and feed demand fr...Read More

Manganese ore prices increased by as much as 70% between early December and late in March when they started to slide again.In March, Metal Bulletin's 37% fob index rose as high as $7.57 per dry metric tonne unit (dmtu) and the 44% cif index as high as $8.82 per dmtu. Metal Bulletin examines the effects of the recent manganese ore rally on miners, traders and consumers. Smaller...Read More

The latest news and price moves to start the Asian day on Wednesday May 2. Base metals on the London Metal Exchange were split at the close of trading on Tuesday May 1, with copper, zinc and lead ending the day lower due to pressure from a stronger dollar index. Read more in our live futures report.Here are how prices looked at Tuesday's close:Spot zinc concentrate treatment charges...Read More

A summary of base metals premiums from across the globe for the week to Tuesday May 1.Please click...Read More

The latest metal markets news and price moves to start the North American day on Tuesday May 1. Base metals prices on the London Metal Exchange were broadly lower during morning trading, with tin the only metal to buck the trend.The complex was trading at lower volumes over the morning, with Chinese markets closed for a national holiday.Here is how the LME base metals complex looked at 1pm London...Read More

Spot treatment and refining charges (TC/RC) for copper concentrates firmed moderately in the last two weeks of April, with the market continuing to weigh strong, short-term market availability against potential major disruptions in the coming months.Metal Bulletin's copper concentrates TC/RC index ticked higher for the second consecutive fortnight to $68.10 per tonne/6.81 cents per lb on April 30,...Read More

Base metals prices on the London Metal Exchange were broadly lower during morning trading on Tuesday May 1, with tin the only metal to buck the trend. The complex is trading at lower volumes over the morning, with Chinese markets closed for a national holiday. Nickel's three-month price is drifting further from the $14,000 per tonne support level, reaching a low of $13,555 this morning. The metal'...Read More

Base metals prices on the London Metal Exchange were mixed in the morning of Tuesday May 1, with copper (-0.7% at $6,775 per tonne), aluminium (-0.2%) and zinc (-0.4%) prices lower, while tin prices are untraded and lead and nickel prices are both up 0.3%. Chinese markets are closed for a national holiday today, meaning volume has been light with 1,225 lots traded as of 6.24am London time. This fo...Read More

The 250,000 tonnes per year pipe mill of United Arab Emirates-based Conares Steel started production on Sunday April 29, the company's chief executive officer Bharat Bhatia told Metal Bulletin on Monday April 30.Located in the Jebel Ali Free Zone, the mill can produce up to 12-inch pipes and the coil used to produce the pipe will be purchased from India,...Read More

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 coil China, export, hot-rolled coil (2mm), offered at $620-630 per tonne cfr, to the UAE. India, export, hot-rolled coil (2mm),...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia remained unchanged this week on limited demand, sources told Metal Bulletin on Tuesday May 1. Buyers preferred to postpone bookings ahead of the Islamic holy month of Ramadan, which starts in mid-May and will lead to a further reduction in market activity. And market participants are expecting prices to fall. UAE Metal Bull...Read More

The United States decision to extend Europe's exemption from Section 232 tariffs until June 1 only serves to prolong the uncertainty, the European Commission (EC) and European steel association, Eurofer, said on Tuesday May 1.The US authorities postponed imposing Section 232 tariffs on steel and aluminium imported from the European Union, Canada and Mexico on April 30. Originally, the EU was...Read More

Manganese ore and alloy prices have continued to slide in China due to deteriorating downstream demand, while prices also weakened in Europe and held in the United States. Ore prices drop almost 5% in China  Lower silico-manganese tenders squeeze smelter margins  Indian alloy prices track ore lower  European alloy prices weaken as prompt demand dries up  US contract negotiation...Read More

Continued concerns about output in major production hub Jiangxi province amid a new round of environmental inspections there boosted ammonium paratungstate (APT) and concentrates prices last week, while ferro-tungsten prices were under pressure due to weakening demand. Production disruptions in Ganzhou, Jiangxi province, support APT prices  Ferro-tungsten prices under pressure amid weakening...Read More

The global hot-briquetted iron (HBI) export market will continue growing on increased demand and higher output levels, according to Chris Barrington, secretary general of the International Iron Metallics Association (IIMA). "There is increasing production of flat products via the [electric-arc furnace] (EAF) route and, to achieve the required quality, steelmakers can't rely totally on scrap, so th...Read More

Metal Bulletin has reviewed its benchmark cobalt prices to ensure they are relevant and fit for application in a rapidly evolving market. Metal Bulletin is hosting a free web seminar on Tuesday May 8 at 9am London time to summarize the findings from its recent industry-wide consultation into its cobalt prices, and changes that will be implemented from January 2019. Date: Tuesday May 8, 2018 Time:...Read More

Swedish special steel producer Ovako has attributed a 32.3% year-on-year rise in first-quarter pre-tax profits to "persistently strong" markets.Ovako's earnings before interest, taxes, depreciation and amortization (Ebitda) rose to ?,?41 million ($49.6 million) for the first quarter of 2018, compared with ?,?31 million in the first quarter of last year, the company said last week in...Read More

The United States has postponed imposing Section 232 tariffs on steel and aluminium imported from the European Union, Canada and Mexico, until June 1.President Donald Trump's administration announced the extension of temporary exemptions for the key trading blocs at the last moment on Monday April 30. A 10% import tax on aluminium and a 25% import tax on steel were due to come into effect on...Read More