Local prices for rebar in Brazil have increased early in May, which reflects efforts by several producers to put upward pressure on the market throughout the year to date.Rebar prices rose by around 8% last month, according to domestic sources.This lifted Metal Bulletin's monthly price assessment for Brazilian rebar to 2,380-2,580 Reais ($671-728) per tonne delivered on Friday May 4 from 2,200-2,4...Read More
Domestic prices for flat steel products in Brazil remained steady at the beginning of May, amid rumors about impending producer price hikes.Metal Bulletin's monthly price assessment for Brazilian hot-rolled coil (HRC) was steady month on month on Friday May 4, at 2,500-2,600 Reais ($705-733) per tonne ex-works.Over the same period, Metal Bulletin's monthly price assessment for Brazilian cold-rolle...Read More
Prices for imports of cold-rolled coil (CRC) into South America dropped in the first few days of trading in May, due to low-priced offers from China, while the prices for hot-rolled coil (HRC) and hot-dipped galvanized coil (HDG) were stable, Metal Bulletin has heard.Offers were placed by Chinese mills in the export market, after the Labor Day holidays on Monday April 30 and Tuesday May 1 in the A...Read More
Domestic prices for rebar in Poland have been unchanged this week because market activity was slow, sources told Metal Bulletin.Market activity was slow due to public holidays in the first half of this week, according to market sources.Metal Bulletin's weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,250-2,290...Read More
Key data from the pricing sessions in the week ending Friday May 4. China May tender prices from major stainless steel mills fell by around 500 yuan ($78) per tonne from April, hitting market sentiment. Charge chrome prices were brought down by more than...Read More
The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday May 4:Noble alloysMolybdenum Europe drummed molybdic oxide, $/lb: $12.30-12.40 per lb from $12.30-12.45Molybdenum US canned molybdic oxide, $/Ib $12.20-12.40 per Ib from $12.30-12.50Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $29.30-29.85 per kg from $29.70-30.00Tungsten European free mark...Read More
Chinese battery-grade lithium carbonate spot prices softened for the third consecutive week after cathode makers shifted their attention to preparing for high power and density production, reducing consumption for the lithium compounds. Battery-grade lithium carbonate spot prices fall Cheaper lithium carbonate from Qinghai province said to be major factor Downstream Chinese cathode mak...Read More
Daily PDFs will be downloadable until Monday May 7. After that, because of the UK's early May bank holiday, the next daily PDF will be downloadable on Wednesday May 9. Read More
South African miner Kudumane Manganese Resources (KMR) has delayed deliveries of some of its manganese ore shipments following heavy rains in the country's Northern Cape region.Supplies from the company's mine in Northern Cape will be affected until August, KMR said."The heavy rains did necessitate the rescheduling of one or two shipments over [May-August]," KMR chief executive officer Thembelani...Read More
Major Chinese stainless steel mills Tsingshan Group, Baosteel and Taiyuan Iron & Steel (Tisco) have lowered their high-carbon ferro-chrome monthly tender prices for May delivery due to the uncertain outlook for the stainless steel market and the expectation of wider availability of ferro-chrome and chrome ore in the domestic market.Tsingshan has set its May high-carbon ferro-chrome tender price at...Read More
Ferrous scrap prices in the major global markets remained firm during the working week from Monday April 30 to Friday May 4, with single exception of the United States.Although Turkish steel producers halted their deep-sea scrap purchases at the end of last week, suppliers have kept their offers strong this week.But the decreases in Turkish import prices seen in previous weeks have only now been r...Read More
The light iron scrap market in the United Kingdom was steady for a fourth week in the week to Friday May 4, with a steady fall in sterling against the dollar in the past fortnight enough to shore up support for prices, industry sources told Metal Bulletin.Market sentiment suggests a potential increase in export demand for British steel scrap because of moves in the dollar-pound exchange rate, whic...Read More
Prices for containerized shredded scrap imports into India went up this week on better levels of demand, market sources told Metal Bulletin on Friday May 4.Metal Bulletin's weekly index for containerized imports of shredded scrap into India was $390.73 per tonne cfr Nhava Sheva on May 4, up by $5.58 week-on-week from $385.15 per tonne cfr Nhava Sheva last week.This week's price rise for containeri...Read More
Iron ore futures on the Dalian Commodity Exchange have gained increasing influence over the physical market since listing in 2013. Their trading volume reached 657.49 million lots, or 65.749 billion tonnes in 2017, down 3.95% on the year, according to the exchange. China imported 1.075 billion tonnes of iron ore last year, a year-on-year increase of 5%, the National Bureau of Statistics reported....Read More
Turkish steel mills were said to be waiting for next week's conference of the International Rebar Producers & Exporters Association (Irepas) to bring market clarity before they resume their May-delivery bookings of material in the deep-sea scrap market, sources said on Friday May 4.After booking around 20 cargoes, Turkish steel producers went silent at the end of last week, following an uptick in...Read More
The UK inter-merchant price range for austenitic alloy steel scrap widened upwards by ?20 per tonne over the week, with sterling weakening and the price of nickel stabilizing, sources said on Friday May 4.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?950-1,000 ($1,290-1,358) per tonne delivered on Friday, compared with ?950-980 per tonne on Ap...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 transactions: iron oreIron oreBeijing Iron Ore Trading Center, 170,000 tonnes of 61% Fe Pilbara...Read More
The Chinese Stainless Steel Exchange (CSSE) based in Wuxi city, Jiangsu province, is growing in importance as Asia's biggest stainless steel exchange center. Its function in the spot physical market is increasingly crucial for traders, who look to it for daily spot price direction. CSSE has a variety of contracts traded on its platform, including silver, nickel, stainless steel cold-rolled coil, i...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 May 4:Minor metalsAntimony MB free market regulus, $/tonne: $8,000-8,300 per tonne from $8,150-8,300Antimony MMTA standard grade II, $/tonne: $8,000-8,250 per tonne from $8,150-8,300Cobalt MB free market high grade, $/lb: $43.50-44.25 per lb from $43.50-44.35Cobalt MB free market low...Read More