The Turkish scrap import market has ended a second consecutive week with no deep-sea trading, sources said on Friday March 23.There have been no deep-sea scrap trades done since the mills in the country stepped back from the market on March 9, when the United States applied a 25% duty on imports of steel products following its Section 232 investigation.Market participants were still expecting the...Read More

The UK inter-merchant price range for austenitic alloy steel products went unchanged this week despite the fall in the price of nickel, sources said on Friday March 23."Prices have not changed this week, although the nickel prices decreased," a trader said."Scrap prices are most likely to decrease next week following the drop in nickel costs. But at the moment it is hard to say what the decline wi...Read More

Export prices for Brazilian pig iron have risen again this week, amid fresh activity and positive market conditions.A cargo produced in Brazil's south-eastern Minas Gerais state was reportedly sold for more than $385 per tonne fob this week for May shipment, according to local sources.Offers for similar material are now estimated at $390 per tonne fob, with shipments scheduled for June.At least on...Read More

China's coke export prices have fallen amid the country's weakening ferrous markets with demand not picking up as strongly as expected in the spring season.Metal Bulletin's assessment of export prices for Chinese coke with 65% coke strength after reaction (CSR), 12.5% ash, and in physical sizes of 30-90mm, was $340-350 per tonne fob China for the week ended Tuesday March 20.This is down $5-10 per...Read More

Iron ore prices fell below $65 per tonne cfr China on Friday March 23 after China's ferrous futures tumbled amid trade tensions between the country and the United States.Metal Bulletin's 62% Fe Iron Ore Index Today: $64.58 per tonne cfr QingdaoDaily change: down by $2.60 per tonneMonth-to-date average: $71.57 per tonneMetal Bulletin's 58% Fe Premium Index Today: $52.17 per tonne cfr QingdaoDaily c...Read More

Iron ore prices tumbled on Friday March 23 with China's ferrous market experiencing an across-the-board retreat amid concerns over a looming trade war between the country and the United States.Key driversChina's Ministry of Commerce is considering imposing a 15% tariff on a list of US products that includes steel pipe and a 25% tariff on a second list that includes aluminium products, it said on F...Read More

Seaborne coking coal prices fell further on Friday March 23, with ferrous futures in China tumbling during the day amid trade tensions between the country and the United States. On the Dalian Commodity Exchange, the most-traded May coking coal futures contract closed at 1,230 yuan ($194.30) per tonne at the end of the day, down 45.50 yuan per tonne from a day earlier. The most-traded May coke cont...Read More

China's rebar prices fell sharply in both the domestic and export markets on Friday March 23 after futures plunged in response to the country's brewing trade war with the United States. Domestic Eastern China (Shanghai): 3,500-3,580 yuan ($553-566) per tonne, down 110-120 yuan per tonne Northern China (Beijing): 3,750-3,780 yuan per tonne, down 80 yuan per tonne US President Donald Trump unveiled...Read More

China's hot-rolled coil prices tumbled on Friday March 23 along with the paper market amid mounting trade tensions between the country and the United States.DomesticEastern China (Shanghai): 3,760-3,800 yuan ($594-600) per tonne, down 120 yuan per tonneNorthern China (Tianjin): 3,710-3,740 yuan per tonne, down 160 yuan per tonneHRC futures slumped during Thursday night's trading session with risk...Read More

The US International Trade Commission (ITC) has voted that silicon metal imports from Australia, Brazil, Norway and Kazakhstan do not materially harm the US silicon industry. As a result, the Department of Commerce will not issue anti-dumping or countervailing duties on silicon metal shipments in the United States. The Department of Commerce had issued its final determinations in the trade ca...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

The following Metal Bulletin minor metals prices changed on Friday March 23:Antimony MB free market regulus, $/tonne: $8,500-8,775 per tonne from $8,650-8,800 Antimony MMTA standard grade II, $/tonne: $8,500-8,675 per tonne from $8,550-8,750 Bismuth MB China domestic, yuan/tonne: 69,000-70,000 yuan per tonne from 70,500-71,000 yuan Cadmium MB free market min 99.95%, cents/lb: 155-160 per lb from 1...Read More

An overview of China's minor metals markets in the week of March 19-23 and the reasons for any price moves.Read More

Aluminum Corp of China's (Chalco) gallium plant in the Chinese province of Guangxi will suspend operations for planned maintenance in April to mid-May, market sources told Metal Bulletin."The stoppage [in Guangxi] is for normal facility maintenance and will remove three to four tonnes of gallium from the physical market [during the period]," according to one market source. Chalco, which is the lar...Read More

Ferrous futures in China plunged during the morning trading session amid trade tensions between the country and the United States, with both announcing tariffs on each other's products.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,406 yuan per tonne, down 79 yuan per tonne May hot-rolled coil: 3,554 yuan per tonne, down 64 yuan per tonne Dalian Commodity Exchange...Read More

Domestic stainless steel prices in China remained in a downward trend over the past week amid a softening nickel market.Metal Bulletin's assessment of prices for benchmark 304 stainless CRC in the major market of Wuxi was 14,300-15,100 yuan ($2,259-2,386) per tonne including VAT for the week ended Thursday March 22, down 200 yuan per tonne from a week earlier....Read More

The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday March 23:Aluminium scrap Floated Frag: ?,?1,270-1,290 per tonne from ?,?1,270-1,300 Cast:...Read More

Shares in Condor Gold (LON:CNR) fell more than 2% in London on Friday after the Nicaragua-focused miner announced full year losses, partly offset by lower costs and impairments.The company, which also said it had raised ?2.5 million in a placing of about 5.1 million units to fund the final development stages of a processing plant at its La India gold project, said pre-tax loss dropped to ?3...Read More

Soaring cobalt and lithium prices are not just spurring an exploration frenzy as more and more companies want a piece of the attractive batteries metals pie, but they are also pushing some companies to look for them where others have not.Australian Neometals (ASX:NMT), which is building a plant to recover raw materials including lithium, cobalt, nickel and copper from expired batteries in Canada,...Read More

A 6.16-carat diamond called Farnese Blue will appear on the market for the first time in history this spring, after having remained in the same family for over three centuries.Sotheby's will be offering the gem at its Magnificent Jewels and Noble Jewels sale taking place in Geneva on May 15, 2018. The stone's value is calculated between $3,690,000 and $5,270,000. According to a press release issue...Read More