The price of US domestic rebar will remain unchanged due to a lack of market activity, while import prices have dipped on the Section 232 tariffs on steel imports from Canada, Mexico, and the EU, which have effectively priced foreign products out of domestic markets.American Metal Market's price for US domestic rebar remained at $35-36 per hundredweight ($700-720 per ton), according to the la...Read More

The Angolan Council of Ministers (Cabinet) last week approved a new policy on the commercialisation of diamonds. This is intended to stimulate more investments in the production of the precious stones, as well as to open the market to all those interested in it, explained Mineral Resources and Petroleum Minister Diamantino Azevedo. Speaking on the sidelines of the Ministry’s first Consultati...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, HDG, PPGIHot-rolled coilTurkey, domestic, hot-rolled coil, traded at $615-625 per tonne ex-works, September production.Turkey, domestic, hot-rolled coil, offered...Read More

Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materialsTurkish mills were absent from the global scrap markets during the week ending on July 6, owing to weaker finished steel demand and a wait-and-see attitude.Taiwanese scrap prices ticked up on steady mill demand, while Indian prices were subdued for a second week.Metal Bulletin announced the...Read More

Flat steel prices in Turkey's domestic and export markets were largely unchanged this week, while import prices pushed up despite the summer lull limiting demand, sources told Metal Bulletin on Friday July 6. Domestic producers are accepting orders for September production, and have already filled most of their order books for the month. Domestic prices Hot-rolled coil (HRC) producers in Turkey so...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet CIS, export, billet, offered at $510-515 per tonne...Read More

Steel slab prices in July will be relatively stable in Brazil thanks to steady fundamentals, and will hold up in Asia despite soft demand, market participants told Metal Bulletin on Friday July 6.But slab prices are expected to rise in the Commonwealth of Independent States (CIS) amid increasing prices for finished flat steel products and an expected reduction in supply.AsiaSoutheast Asia's and Ea...Read More

India's Tata Steel increased its domestic and European steel output in the quarter ending June 30, the company said on Friday July 6.The steelmaker produced 3.17 million tonnes of crude steel in India during the April-June period, up 7.82% from an output of 2.94 million tonnes in the corresponding period one year earlier.The increase was attributed to a ramp-up of its Kalinganagar operations in Od...Read More

The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday July 6:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $10.65-10.80 per lb from $10.55-10.65 Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $26.60-26.80 per kg from $26.40-26.60 Ferro-molybdenum US 65-70% Mo, $/Ib: $12.35-12.55 per Ib from $12.20-12.75 Tungsten European free mark...Read More

China's domestic spot battery-grade lithium carbonate prices fell on Thursday July 5 due to continued weak demand and the availability of cheaper material; hydroxide prices held steady with most producers maintaining their offers although lower prices are starting to be offered. Chinese lithium carbonate prices fell on lower consumption  Cheaper battery and industrial-grade carbonate prices o...Read More

Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Metal Bulletin.Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back.Metal Bulletin pricesClick here for Metal Bulletin's price assessment for lithium carbonate min 99.5% Li2CO3 battery grade, spot price range, ex-works China, yuan per tonneM...Read More

Three-month base metals prices on the London Metal Exchange were mixed on the morning of Friday July 6, with nickel (-0.8%), zinc (+1.1%) and aluminium (+0.3%) the main movers, while copper at $6,326 per tonne and tin at $19,455 per tonne were little changed. That said, copper did spike down to a low of $6,221.50 per tonne at around 4am London time. Volume has been high with 16,267 lots traded as...Read More

Global steel scrap prices softened in the week ended Friday July 6, amid a fall in demand across most regions. Turkey booked no new deep-sea cargoes and the Indian market was also quiet, while prices on the East Coast of the United States remained flat due to a lack of deals.Bucking the trend, prices in Taiwan edged upward with improved demand, after there being no changes last week.Turkey imports...Read More

Prices for US East Coast shredded scrap and West Coast heavy melting scrap have been trending in opposite directions, with shred in high demand and prices gaining momentum in the international market.A Turkish mill bought 30,000 tonnes of shredded scrap on Thursday June 28, while a South Korean mill bought 35,000 tonnes of an 80:20 mix of No 1 and No 2 heavy...Read More

The Turkish steel producers extended their absence from the deep-sea scrap market on Friday July 6 because of weak demand for finished steel products, but they are expected to come back for August cargoes soon.The sluggish rebar demand in the country's domestic and export markets has kept the mills out of the deep-sea scrap markets since the end of last week.The domestic rebar market was expected...Read More

Prices for austenitic alloy steel scrap in the UK and Europe fell this week on losses in the nickel market.Metal Bulletin's weekly price assessment for 18/8 stainless steel solids imported into mainland Europe was ?,?1,160-1,180 ($1,355-1,379) per tonne cif main European ports on Friday July 6, down by ?,?40 per tonne from ?,?1,200-1,220 per tonne one week earlier."The double whammy of the euro st...Read More

Low-alumina Brazilian iron ore remained strongly priced on Friday July 6 while higher-alumina Australian products were traded at wider discounts.Metal Bulletin 62% Fe Iron Ore Index: $63.84 per tonne cfr Qingdao, up $0.70 per tonneMetal Bulletin 62% Fe Pilbara Blend fines Index: $62.22 per tonne cfr Qingdao, up $0.31 per tonneMetal Bulletin 58% Fe Premium Index: $51.52 per tonne cfr Qingdao, down...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 4 points in pre-opening trade.Index futures moved higher following release of economic news at 8:30 AM EDT. Consensus for June Non-farm Payrolls was 195,000 versus an upwardly revised 244,000 in May. Actual was 213,000. Consensus for the June U.S. Unemployment Rate was unchanged from May at 3.8%. Actual was an increase...Read More

Katoen Natie Singapore (Jurong) Pte Ltd has withdrawn from London Metal Exchange warehouse services with immediate effect, with the operator and name of the shed switching to Henry Bath Singapore, the LME said on Friday July 6. The Belgian-based logistics provider had listed Singapore as an LME-approved warehouse in November 2016 and had only 75 tonnes of stock in May, according to the latest inve...Read More

In the face of increasingly volatile markets in Asia, it is becoming more and more crucial for participants to engage in hedging to cut their risks of incurring losses, industry sources told Metal Bulletin."Hedging is very important as sharp fluctuations in spot prices can happen outside of the more normal market forces of supply and demand," GFI Group steel derivatives broker Henry Herbert said.U...Read More