* Tepid start to November* IT sector hit by firm rupee* Yes Bank top gainer on NSE, closes up 8.5 pctNov 1 (Reuters) - Indian shares ended little changed on Thursday as losses in IT stocks, pressured by a strong rupee, marginally outweighed gains in the financial sector.The broader NSE index .NSEI ended 0.06 percent lower at 10,380.45, while the benchmark BSE index .BSESN closed mostly flat at 3...Read More

* China's U.S. scrap copper imports down 80 y/y pct in Sept* Shipments from Japan increase to fill void* Surging alumina exports head to Iceland, IndiaBy Tom DalyBEIJING, Nov 1 (Reuters) - Chinese imports of scrap metal from the United States fell in September, according to customs data on Thursday, spelling out the impact of tariffs imposed by Beijing, while India and Iceland benefited from a boo...Read More

London Metal Exchange members are considering a multitude of ways to continue to service their EU clients in the event that a financial services deal is either not forthcoming or does not go far enough when the UK finally leaves the European Union. Some companies have even told their LME sales teams they need to be prepared to move to another major European city to be able to legally service their...Read More

Turkish domestic rebar and wire rod prices went down this week because the value of the country's lira strengthened against the dollar, even though demand remained moderate, sources said on Thursday November 1.Fastmarkets' weekly price assessment for domestic rebar on Thursday was TRY3,300-3,450 ($596-623) per tonne ex-works, including 18% VAT, down from last week's TRY3,380-3,520 per tonne.The lo...Read More

The latest news and price moves to start the Asian day on Friday November 2.Comex copper prices in New York, like most base metals on the London Metal Exchange, mostly recovered on Thursday November 1, with a weaker dollar providing support to the complex. Read more in our live futures report.Here are how prices looked at the close of trading:A 10-year low in LME zinc stock volumes...Read More

Brazilian multi-metals producer Nexa Resources has maintained its production and sales estimates for the full year of 2018, although metal prices are down, chief executive officer Tito Martins said on Thursday November 1.Prices and premiums for zinc will probably continue to resist the weakness seen in other metal prices, Martins said in a conference call on the company's third-quarter results. He...Read More

Total zinc stocks on the London Metal Exchange were at a 10-year low on Thursday November 1, prompting one of the metal's widest cash/three-month spread backwardations to date.Despite mixed market sentiment, however, the increasing tightness in zinc availability could boil down to supply flows.Zinc's cash/three-month spread ballooned to $63 per tonne on October 23 this year from $15 per tonne on O...Read More

The latest metal markets news and price moves to start the North American day on Thursday November 1.Base metals on the London Metal Exchange were collectively higher during morning trading on Thursday November 1, with most metals recovering from Wednesday's dip amid a softer US dollar index and a continued drawdown in LME inventories.Pushing back above $11,500 per tonne, the three-month nickel pr...Read More

The arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday November 1.*Copper -$116.03 (-809.22 yuan) Aluminium -$440.16 (-3,069.85 yuan) Zinc -$27.18 (-189.57 yuan) Nickel $671.76 (4,685.1 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More

Base metals on the London Metal Exchange were collectively higher during morning trading on Thursday November 1, with most metals recovering from Wednesday's dip amid a softer US dollar index and a continued drawdown in LME inventories. Pushing back above $11,500 per tonne, the three-month nickel price gathered support over the morning session, hitting an intraday high of $11,645 per tonne after f...Read More

ArcelorMittal reported a 41.8% year on year increase in its third-quarter earnings in a financial statement released on Thursday November 1, attributing the rise to higher steel prices.The company's quarterly earnings before interest, taxes, depreciation and amortization (Ebitda) increased to $2.7 billion in July-September 2018, up from $1.9 billion in the corresponding period of 2017."As expected...Read More

Turkey imported 27.06% less flat steel in September 2018 than it did in the corresponding month a year earlier, according to data released this week by the Turkish Statistical Institute (TUIK).The country imported 634,898 tonnes of such products, compared with 870,388 tonnes in September 2017, TUIK statistics showed.Demand for flat steel imports has been slow, especially so far in the second half...Read More

Turkish long steel export prices have remained stable over the past week on soft demand and despite the firm input costs, sources said on Thursday November 1.Fastmarkets' weekly price assessment for rebar exports out of Turkey was unchanged week on week on November 1 at $500-505 per tonne fob on an actual weight basis.The mills in the country were trying to keep their...Read More

Steel billet import prices in Egypt fell in the week to Thursday November 1, on continuing limited demand in the country. Fastmarkets' weekly price assessment for steel billet imported into Egypt was $477-480 per tonne cfr on Thursday, compared with $480-490 per tonne cfr last...Read More

ArcelorMittal Europe's third-quarter 2018 earnings inched up by 2.7% year on year due to higher steel prices, the company said on Thursday October 1.Earnings before interest, taxes, depreciation and amortization (Ebitda) at ArcelorMittal Europe increased to $871 million in July-September of 2018, slightly up from an Ebitda of $848 million in the corresponding period of 2017. The results increased,...Read More

World silico-manganese supply edged up to 1.47 million tonnes in September, with the largest monthly increase recorded in the Commonwealth of Independent States, according to the International Manganese Institute (IMnI). Production was up 2.7% from August and 7.4% year on year globally, while year-to-date production rose 25.3% year on year. Supply from the CIS reached 138,000 tonnes, up 9% from Au...Read More

Global manganese ore production rose by 1.4% month on month to 1.71 million tonnes of manganese units in September, driven by increased production in South Africa, but fell by 9% annually, according to the International Manganese Institute (IMnI). For the first nine months of the year, manganese ore output increased by 11.2% globally to feed demand from China. Supply from the Africa and Middle Eas...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 oreBHP, Global Ore, 90,000 tonnes of 62% Fe Newman fines, sold at the December average of a 62%...Read More

Ukrainian steelmaker Metinvest increased its output of sellable semi-finished products by 18% year on year, to 2.3 million tonnes over the first nine months of 2018, supported by favorable market conditions.In particular, Metinvest's sellable pig iron output increased by 21% year on year in January-September 2018, to 1.2 million tonnes against 989,000 tonnes.Fastmarkets' assessment for the CIS exp...Read More

Seaborne iron ore prices and premiums fell on Thursday November 1 following retreats in the futures market.MB 62% Fe Iron Ore Index: $75.25 per tonne cfr Qingdao, down $0.46 per tonne.MB 62% Fe Pilbara Blend Fines Index: $74.28 per tonne cfr Qingdao, down $0.46 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $78.16 per tonne cfr Qingdao, down $1.97 per tonne.MB 58% Fe Premium Index: $67.02 per ton...Read More