The European Commission's imposition of tariff rate quotas on 23 steel products earlier this year is severely threatening non-integrated downstream wire rod consumers who have become increasingly reliant on imports over the last few years, the European Non-Integrated Wire Rod Processors Association (Eunirpa) said. Wire rod imports into Europe have increased sharply in the past three years - the ti...Read More

Seaborne iron ore prices were rangebound amid a quiet market on Monday October 15 with uncertainties emerging over steelmaking restrictions in east China.MB 62% Fe Iron Ore Index: $71.66 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Pilbara Blend Fines Index: $70.69 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $76.34 per tonne cfr Qingdao, down by...Read More

The European market for standard-grade ferro-silicon was unchanged for the third consecutive week on Friday October 12, with suppliers in talks about selling alloy within the present spot price range, while Chinese prices were beginning to slide on slow demand. European market solidifies price position Outlook slow, but stable for the near term Chinese market starts to slip on lackluster demand US...Read More

The prices of base metals on the London Metal Exchange were mostly lower day-on-day at the close of trading on Monday October 15, with a softer US dollar having little effect on prices but trade tensions and weak stock markets keeping investors cautious.The three-month lead price rose by 1.6% over the afternoon to reach an intraday high of $2,116 per tonne, its highest level since September 4.Whil...Read More

The biggest question facing miners when planning for trade cycles is how flows will be redirected or constrained as a result of discussions between China and the United States, according to the president of marketing and supply at BHP. Arnoud Balhuizen said that BHP's commodities have been flowing as they always have, and the impact on prices has been relatively muted on a historical basis. How th...Read More

Bismuth prices were under pressure in Europe in the week ended Friday October 12, with prices reaching their lowest level so far this year on surplus production and weak demand. Fastmarkets MB assessed the European bismuth price at $3.90-4.40 per lb on Friday October 12, down by $1.20 on the low end of the range from Wednesday's assessment. Abundant supply and a lack of sufficient demand to a...Read More

The latest news and price moves to start the Asian day on Tuesday October 16.Base metal prices on the London Metal Exchange were mostly lower at the close of trading on Monday October 15 compared with Friday, with a softer United States' dollar having little effect on prices but trade tensions and weak stock markets keeping investors cautious. Read more in our live futures report. Here are ho...Read More

The latest metal markets news and price moves to start the North American day on Monday October 15. Base metals prices on the London Metal Exchange were predominantly lower during morning trading due to a firm dollar index, while the lead price continued its recovery.Here's how base metals prices looked at...Read More

Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday October 15.Most base metals prices on the Shanghai Futures Exchange were little changed to weaker during Asian morning trading on Monday, with a resurgent dollar putting downward pressure on the complex. Lead was the lone metal to record any price gains.The dollar index, at 95.33 as at...Read More

The prices of base metals on the London Metal Exchange were mostly lower day-on-day at the close of trading on Monday October 15, with a softer US dollar having little effect on prices but trade tensions and weak stock markets keeping investors cautious.The three-month lead price rose by 1.6% over the afternoon to reach an intraday high of $2,116 per tonne, its highest level since September 4.Whil...Read More

Comex copper prices rose to a multi-week high in morning trading on Monday October 15 amid a weaker dollar and optimism from LME Week in London last week. The copper price for December settlement on the Comex division of the New York Mercantile Exchange gained 3.00 cents to $2.83 per lb - the highest since October 4. While the rest of the complex...Read More

Seaborne iron ore prices were rangebound amid a quiet market on Monday October 15 with uncertainties emerging over steelmaking restrictions in east China.MB 62% Fe Iron Ore Index: $71.66 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Pilbara Blend Fines Index: $70.69 per tonne cfr Qingdao, down by $0.01 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $76.34 per tonne cfr Qingdao, down by...Read More

NEW DELHI, Oct 15 (Reuters) - India's September trade deficit hit its lowest level in five months at $13.98 billion, the country's trade ministry said in a statement on Monday.The figure is despite a rising oil import bill for India, the world's third-biggest crude importer, amid concerns that U.S. sanctions against Iran next month would remove a substantial volume of crude oil from the world mark...Read More

* Tensions mount over disappearance of Saudi journalist* IEA cuts forecasts for oil consumption and demand for OPEC crude* Gasoline crack spread at weakest since February 2017 (Updates with settlement prices, adds commentary)By Stephanie KellyNEW YORK, Oct 15 (Reuters) - Oil prices steadied on Monday, supported by geopolitical tension over the disappearance of a Saudi journalist that has stoked wo...Read More

* Tensions mount over disappearance of Saudi journalist* IEA cuts forecasts for oil consumption and demand for OPEC crude* SocGen raises Brent forecast for fourth quarter (Updates throughout, changes dateline from BEIJING)By Christopher JohnsonLONDON, Oct 15 (Reuters) - Crude oil futures rose on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked supply wo...Read More

Fastmarkets MB's weekly price assessments for the CIS export steel market will not be published on October 15 because of a public holiday in Ukraine. Instead, the prices will be published on October 16, 2018. The prices affected are:CIS export cold rolled coil $ per tonne fob Black SeaCIS export hot rolled coil $ per tonne fob Black SeaCIS export heavy plate (10-50mm) $ per tonne fob Black SeaCIS...Read More

The Chinese silicon export price moved up following a series of domestic ex-works deals since mid-September, while in the US the price fell for the seventh consecutive month.The Chinese grade 553 silicon export price was assessed at $1,660-1,730 per tonne on Friday October 12, up 0.6% from $1,650-1,720 per tonne previously. Domestic Chinese ex-works prices have been rising since mid-September, whi...Read More

Oct 15 (Reuters) - Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of October 12, 2018. COMPANYINSTRUMENTRATINGAMOUNT MOVEMENT(RS.MLN) ------------------------------ --------- SHORT TERM RATINGS: ------------------- Ambey Mining Pvt LtdST Bk FacCARE A12750Reaffirmed (enhanced from 200.0 Crore) B.G. Shirke Construction Technology PvCP-Proposed...Read More

Copper concentrate treatment and refining charges (TC/RCs) rose to their highest in a year as the market gathered in London for LME Week.The Fastmarkets copper concentrate TC/RC index came in at $89 per tonne / 8.9 cents per lb on Monday October 15, a gain of $2.60 / 0.26 cents week on week to the index's highest level since October last year.Spot copper concentrates trading has been limited, with...Read More

The fate of the Tuticorin copper smelter in the southern Indian state of Tamil Nadu will be decided at the end of November because more time is required to investigate the allegedly polluting project, local media reported on Monday October 15.The Times of India reported that a panel formed by the National Green Tribunal, India's environmental safeguarding body, wanted to listen to more views from...Read More