China's domestic rebar prices moved up slightly on Monday October 8 following some gains in the futures market after a weeklong holiday in the country....Read More
Major steel mills in China have concluded their ferro-silicon tenders for October at slightly lower levels than in September, sources in China said. ...Read More
The Brazilian automotive association, Anfavea, has adjusted its forecasts for production, sales and exports this year, to better reflect rising domestic sales and lower shipments to Argentina....Read More
Demand for flat steel in Turkey was expected to remain slow throughout October, but prices were not expected to fall because they did so in September, and export demand was now strong, market participants told Fastmarkets on Wednesday October 3.Local producers have filled their order books until November, they said.The price falls in September were in part a result of the Turkish lira losing a sig...Read More
The Brazilian government has started a review of its anti-dumping duties on imports of heavy plate from China, Ukraine, South Korea and South Africa.The duties, which were due to expire in October, will remain in place until the conclusion of the review, according to an announcement by the country's foreign trade secretariat, Secex, published in the Brazilian official gazette o...Read More
The iron ore market remained at a standstill on Wednesday October 3 with China still halfway into its Golden Week, even as the Australian government published its forecast of a gradual drop in imports of the steelmaking raw material by the world's biggest consumer.Metal Bulletin 62% Fe Iron Ore Index: $69.24 per tonne cfr Qingdao, unchanged.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $68.27 p...Read More
The prices of base metals on the London Metal Exchange were mostly lower at the close of trading on Monday October 8, pressured lower by strength in the US dollar while trade tensions continue to deter commodity investment. ...Read More
The export markets for flat steel exports from the Commonwealth of Independent States have remained weak on oversupply and buyers' fears of further price reductions, Fastmarkets heard on Monday October 8....Read More
Turkish steel producers have resumed their deep-sea scrap booking activities with two mills paying slightly higher prices for Baltic Sea cargoes, sources said on Monday October 8....Read More
Comex copper prices was little changed in the US morning on Monday October 8, with the start of LME Week in London diminishing liquidity and market participants expected to be sidelined over the next several days....Read More
The latest news and price moves to start the Asian day on Tuesday October 9.Base metal prices on the London Metal Exchange were split at the close of trading on Monday October 8, with some metals caving in to pressure from a stronger US dollar while trade tensions continue to deter commodity investment. Read more in our live futures report.Here are how prices looked at the close of tradi...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Monday October 8....Read More
When the London Metal Exchange finished its 12-step warehouse reform package, it proved once more that you cannot please all of the people all of the time. It faced some inevitable criticism of the rules, in particular that the LME went too far in certain areas and should consider tweaking or rolling back some of its reforms. In particular, the focus of attention was on the load-in, load-out (LILO...Read More
Supply disruption, strong demand, multi-year prices highs and subsequent supply responses have meant for another year of price swings and volatility across many of the minors metals, ores and ferro-alloys markets. And now, with LME Week and contract negotiating season coming around again, players must contend with Trump administration tariffs on imports of a number of China produced goods, includi...Read More
The depreciation of the South African rand since early August has sparked a debate in the chrome ore market over whether South African suppliers should be expected to cut offers prices into China. Chrome ore buyers in China have been anticipating lower offer prices for chrome ore, arguing that the rand depreciation means South African producers are earning more in their own currency when they sell...Read More
Stefan Boel, who left German copper smelter Aurubis in July, has joined the Geneva-based commercial group Industrial Minerals, Fastmarkets learned on Monday October 8. ...Read More
Bob Flynn, global head of refined copper at physical metals merchant Gerald, is to retire from January 1, 2019. ...Read More
The prices of base metals on the London Metal Exchange were mostly lower at the close of trading on Monday October 8, pressured lower by strength in the US dollar while trade tensions continue to deter commodity investment. ...Read More
Comex copper prices was little changed in the US morning on Monday October 8, with the start of LME Week in London diminishing liquidity and market participants expected to be sidelined over the next several days....Read More
Seaborne iron ore prices picked up some strength on Monday October 8 following the return of Chinese market participants after a week-long holiday to mark China's national day. ...Read More