China's hot-rolled coil prices fell on Tuesday October 23 amid sparse trading, dragged down by weak demand, sources told Fastmarkets MB.DomesticEastern China (Shanghai): 4,190-4,210 yuan ($604-607) per tonne, down 10-20 yuan per tonneNorthern China (Tianjin): 4,090-4,100 yuan per tonne, down 10 yuan per tonneTrading activity fell in comparison with that on Monday, sources said.The drop r...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebarOman, export, rebar, traded at $525-530 per tonne cfr, theoretical weight,...Read More

Prices for rebar and billet in the United Arab Emirates were mostly stable in the week to Tuesday October 23, although market participants expect to soon see an increase in import duties.Members of the Gulf Co-operation Council (GCC) will soon increase import duties on rebar and wire rod to 10% from the current 5%, sources told Fastmarkets on Tuesday, October 23.No official announcement has y...Read More

China's domestic rebar prices were flat on Tuesday October 23, with trading activity dipping below that seen a day earlier. Domestic Eastern China (Shanghai): 4,620-4,650 yuan ($666-670) per tonne, unchangedNorthern China (Beijing): 4,370-4,400 yuan per tonne, unchangedRebar futures fluctuated rapidly during the day before ending it with a slight drop, which sapped buying interest in the spot mark...Read More

Australian iron ore prices firmed up on Tuesday October 23 supported by limited availability, while there were softer prices for Brazilian material.MB 62% Fe Iron Ore Index: $74.31 per tonne cfr Qingdao, up by $0.51 per tonne.MB 62% Fe Pilbara Blend Fines Index: $73.34 per tonne cfr Qingdao, up by $0.51 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $78.70 per tonne cfr Qingdao, down by $0.30 per...Read More

China's ferrous futures were mixed during morning trading on Tuesday October 23, with steel contracts ending the session slightly lower than their opening prices while those for coke and coking coal ended higher.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,150 yuan ($598) per tonne, down 11 yuan per tonneJanuary hot rolled coil: 3,877 yuan per tonne, down 18...Read More

Prices for rebar and billet in the United Arab Emirates were mostly stable in the week to Tuesday October 23, although market participants expect to soon see an increase in import duties.Members of the Gulf Co-operation Council (GCC) will soon increase import duties on rebar and wire rod to 10% from the current 5%, sources told Fastmarkets on Tuesday, October 23.No official announcement has y...Read More

China's domestic rebar prices were flat on Tuesday October 23, with trading activity dipping below that seen a day earlier. Domestic Eastern China (Shanghai): 4,620-4,650 yuan ($666-670) per tonne, unchangedNorthern China (Beijing): 4,370-4,400 yuan per tonne, unchangedRebar futures fluctuated rapidly during the day before ending it with a slight drop, which sapped buying interest in the spot mark...Read More

It's proving to be an ugly day for the market. As of this writing, all major stock market indices are down at least 1.5%, dragging stocks to the lowest levels seen since the start of this summer. Simply put, the price action we're seeing in the broad market Tuesday doesn't paint a particularly rosy picture for stocks' staying power during the rest of 2018. But while Mr. Market gets gut-punched t...Read More

Import prices for steel slab in Southeast Asia and East Asia declined over the past week, mainly due to low buying interest and bearish sentiment among re-rollers.Adding to the downward pressure on prices was the ample supply of slab offered to the region despite Brazilian producers exiting the Asian market.Fastmarkets MB's import price assessment for slab in Southeast Asia and East Asia was $475-...Read More

Vanadium trade log including business, bids and offers reported to Fastmarkets MB.To view the latest price quotations, click the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78% min, fob China, $ per kg V- Vanadium pentoxide, 98% min, fob China, $ per lb V2O5Friday October 19Ferro-vanadium  - 10 tonnes sold a...Read More

Weak demand from domestic and export markets pushed the Chinese ferro-silicon market down, while the European market for standard-grade ferro-silicon was unchanged for the fourth consecutive week on Friday October 19, with suppliers holding offer prices despite slow consumer demand. European market cements stability  Chinese domestic demand weak, export market follows US market slips on soft...Read More

Investing.com - Gold prices inched up on Tuesday morning in Asia as Asian stock markets fell amidst escalating geopolitical tensions over the killing of journalist Jamal Khashoggi and concerns over Italy’s budget. Gold Futures for December delivery rose 0.16% to $1,226.7 per troy ounce by 11:15PM ET (03:15 GMT) on the COMEX metals division of the New York Mercantile Exchange. Gold prices wer...Read More

Brazilian steelmakers were dissuaded from trying to impose further price rises in the domestic market, because of falling Chinese prices and a stronger exchange rate for Brazil's Real, the president of national distributors' association Inda, Carlos Loureiro, said on Tuesday October 23.Flat-steel maker Usiminas, for example, had planned a 5% rise for November, according to Loureiro, "[but] this is...Read More

The price of ferro-vanadium continued to become firmer in the United States and Europe in the week ended Friday October 19, but both of those major markets continued to lag behind the price in the premium Chinese market.A late-week revival in consumer spot market demand in Europe helped to bolster prices for ferro-vanadium in that region.Spot prices for European ferro-vanadium were almost unchange...Read More

Movements in the prices of base metals on the London Metal Exchange were mixed at the close of trading on Tuesday October 23, with tin's strong performance leading the gains across the complex despite a strong US dollar index and broadly risk-averse investors.The three-month tin price has climbed by 2.8% since the start of October and reached an intraday high on Tuesday of $19,400 per tonne. It ha...Read More

The latest news and price moves to start the Asian day on Wednesday October 24.Base metal prices on the London Metal Exchange were mixed at the close of trading on Tuesday October 23, with tin's strong performance leading gains across half of the complex despite a strong US dollar index and broadly risk-averse investors. Read more in our live futures report.Here are how prices looke...Read More

The latest metal markets news and price moves to start the North American day on Tuesday October 23.Base metals prices on the London Metal Exchange were broadly lower during morning trading, hampered by broad risk-aversion amid a two-year low in European stock indices while a firm dollar index continues to limit price rallies.Here is...Read More

Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Tuesday October 23.Base metals prices on the Shanghai Futures Exchange were mostly down during Asian morning trading on Tuesday amid a firmer dollar and ongoing trade tensions, with only tin prices recording significant gains. Check Fastmarket MB's live futures report here.Prices for China-ori...Read More

* Wall St tumbles as weak industrial forecasts add to sour mood* Saudis could pump 1-2 million bpd more than today - Falih* Rising U.S. oil output to offset Iran: https://tmsnrt.rs/2ECCJ4T* U.S. crude oil stocks rise 9.9 mln bbls -API (Adds API data, price reaction)By Devika Krishna KumarNEW YORK, Oct 23 (Reuters) - Oil prices plunged about 5 percent on Tuesday to two-month lows as a sell-off in g...Read More