Flat steel import prices in the United Arab Emirates and Saudi Arabia decreased slightly this week on limited demand, sources told Metal Bulletin on Tuesday May 8. 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. However, prices are not falling sharply because of strong iron ore prices...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 coilChina, export, hot-rolled coil (2mm), offered at $620-630 per tonne cfr, to the UAE.India, export, hot-rolled coil (2mm), offered at $650-660 p...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBilletIran, export, billet, offered...Read More
An increasing threat of protectionism and the potential for retaliatory measures leading to a global trade war is the key risk to an otherwise positive outlook for the steel market in Europe, regional steel association Eurofer said on Tuesday May 8.In 2017, the European steel market performed healthily, supported by favorable conditions in both the domestic and international markets, the organizat...Read More
Chinese ferro-vanadium and vanadium pentoxide (V2O5) offers softened on limited export activity this past week, while the European markets were stagnant on a lack of spot market demand. Chinese vanadium export activity limited, offering prices slideEuropean vanadium markets inactive, prices flat US ferro-vanadium spot market activity picks up, prices narrow The Chinese ferro-vanadium export market...Read More
Ganzhou Tungsten Association (GTA) has raised its tungsten price forecasts for May in response to the recent rebound in prices on concerns of supply disruptions following a new round of environmental checks in major tungsten production hub, Jiangxi province, from mid-April.GTA forecast average prices for black tungsten concentrate 65% and ammonium paratungstate (APT) in May at 112,500 yuan ($17,70...Read More
Chinese ferro-silicon prices were stable last week, but shortened supply and more active trading suggest an uptick in pricing ahead. Chinese domestic market sees active trading, short supplyEuropean prices slide on thin trading activity US spot market stable amid spot inactivity Chinese domestic ferro-silicon market supported by tight supplyChinese domestic ferro-silicon prices were stable last we...Read More
Manganese ore prices dropped as much as 8.4% in the past week amid deteriorating downstream demand. Low-grade ore prices fall below $6 per dmtu High-grade ore prices drop more than 4% Chinese alloy prices weaken on poorer demand from mills Indian silico-manganese prices drop Alloy prices hold in Europe, United StatesManganese ore prices sustained heavy losses on Friday May 4 amid poor demand from...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, 170,000 tonnes of 61% Fe Pilbara Blend fines, sold at $65.81 per tonne cfr...Read More
Spot prices in the seaborne coking coal market pushed up on Tuesday May 8 after several transactions took place at higher rates. A premium mid-vol cargo with end May-laycan changed hands at $193 per tonne cfr China to an end-user, Metal Bulletin heard. A transaction involving a premium mid-vol cargo was said to have been agreed at $186.50 per tonne fob Australia, while a deal for a lower...Read More
China's iron ore imports edged up by 0.8% on the year in April with prices continuing to weaken.The world's largest buyer of the steelmaking raw material took in 82.92 million tonnes last month, up from 82.23 million tonnes a year...Read More
Chinese ferrous futures mostly increased during morning trading on Tuesday May 8, with the exception of the coking coal and coke contracts, which fell slightly.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,658 yuan ($575) per tonne, up 3 yuan per tonneOctober hot-rolled coil: 3,752 yuan per tonne, up 10 yuan per tonneDalian Commodity Exchange September iron or...Read More
BHP expects suppliers of high-quality steelmaking raw materials to benefit from the lift in Chinese steel utilisation rates and margins following China's supply side reforms. "We estimate about two-thirds of the lift in Chinese steel making utilization rates and margins since the introduction of supply side reform will be sustained in the long run," chief commercial officer Arnoud Balhuizen said i...Read More
Coal exports from Australia's metallurgical coal hub of Queensland nearly doubled in April in the absence of any weather event that disrupted coal supply last year. A total of 14.84 million tonnes of coal - including some thermal coal - were shipped last month, compared with 8.94 million tonnes a year earlier, according to data from the North...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday May 8*Copper -$71.28 (-454.52 yuan) Aluminium -$604.39 (-3854.19 yuan) Zinc -$51.91 (-331.01 yuan) Nickel -$554.06 (-3533.25 yuan) *Metal Bulletin calculates the physical arbitrage for import...Read More
Eastern China's domestic rebar prices maintained their downward trend on Tuesday May 8 due to softer demand, while in northern China prices were flat in stable trading.Domestic Eastern China (Shanghai)): 3,980-4,030 yuan ($625-633) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,890-3,940 yuan per tonne, unchangedIn eastern China, demand decreased for a second day because end use...Read More
China's domestic hot-rolled coil prices ran flat on Tuesday May 8 and demand remained stable as the futures market traded in a tight range throughout the day. DomesticEastern China (Shanghai): 4,200-4,220 yuan ($660-663) per tonne, unchangedNorthern China (Tianjin): 4,050-4,070 yuan per tonne, unchangedHRC futures moved in a narrow range between 3,726 yuan per tonne and 3,764 yuan per tonne today,...Read More
Base metals prices on the London Metal Exchange were for the most part stronger on the morning of Tuesday May 8, with all the metals, except tin (-0.7%), up by an average of 0.7%. Zinc led the advance with a 1% gain and copper was up by 0.2% at $6,858 per tonne.Volume on the LME has been average, with 7,927 lots traded as at 07.06 am London time. The precious metals were more diverse this morning...Read More
Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) forecasts a rise in both demand and prices for special steel long products in 2018, it said after reporting successful results for the first quarter of the year."We expect that the special long steel industry will continue to grow in 2018, both in terms of sales volumes and the value of products, as we anticipate a further shift...Read More
i24News is reporting that Israel has called up some reserve units for air defense, home front and intelligence as Defense Minister Avigdor Liberman consults with military leaders at IDF headquarters.Read full newsRead More