The United States is expected to announce the official Section 232 import tariffs in the next five hours - keep up to date with all the 232-related news.To see...Read More

The Mexican government has imposed final anti-dumping duties on imports of welded tube from China, the country's economy secretariat said.The decision follows confirmation that Chinese products were entering the country at lower prices than domestic ones, resulting in significant dumping margins, it added on Thursday March 8.Goods shipped by Chinese exporter Huludao will...Read More

And so it begins. The United States will impose import tariffs on steel and aluminium, and with depressing inevitability other nations and trading blocs will cry "foul" and reach for the drawer marked "retaliation", almost certainly leading to a wider and broader trade war.It is not difficult to imagine how this will pan out for the wider global economy, geopolitics, overall trade flows and even t...Read More

Comex copper prices softened to the lowest point since mid-February on Thursday March 8 amid ongoing uncertainty relating to US steel and aluminium tariffs. Copper for May settlement on the Comex division of the New York Mercantile Exchange dipped 5.20 cents or 1.7% to $3.0820 per lb. Earlier today, the contract touched $3.0795, the lowest since February 12. Questions over US trade policy and poss...Read More

Glencore Canada Corp is to supply Noranda Income Fund with all of its zinc concentrate requirements and purchase all the fund's zinc metal for a four-year period ending April 30, 2022. Noranda Income Fund said that until April 30 2019 it will buy the zinc concentrate and sell the zinc metal based on fixed market terms for both concentrate and metal. After that, terms will be agreed annua...Read More

Metal Bulletin's London office brings you the latest news and pricing stories on Thursday March 8.The London Metal Exchange three-month copper price was over $100 per tonne lower in morning trading today, while nickel price dropped 2.8% from yesterday's 5pm close. A firmer dollar and geopolitical concerns over a potential trade war have led to the sustained weakness. Meanwhile, aluminium was...Read More

Representatives of the Democratic Republic of Congo (DRC) mining industry are to start discussions on the mining code with the country's government following a meeting with the DRC president this week. The purpose of the meeting, which took place on Wednesday March 7, was to clarify certain aspects of the country's proposed new mining code. The code was passed by both houses of parliament in Janua...Read More

Increased supply of bauxite from Indonesia is likely to prevent any price rally and could even weaken prices in 2018 after Jakarta relaxed its export ban on the raw material last year, market participants said.Indonesian bauxite is attractive to Chinese alumina refineries because of very competitive pricing due to its low-cost production and cheap freight costs to China, they added."With...Read More

The Brazilian government and national steel institute A??o Brasil are deciding whether to "immediately file an appeal" with the United States government against its "extreme" decision to impose a 25% tariff on steel imports, the association said late on Thursday March 8.The group understands that the "blockage" of Brazilian steel exports to the US market - mostly slab steel, which is re-rolled by...Read More

Domestic prices for hot-dipped galvanized coil (HDG) in the European Union have been largely unchanged this week, but the price trend remains positive, sources told Metal Bulletin.The upward trend is supported by good order books of domestic mills and bullish sentiment in the hot-rolled coil (HRC) market.Metal Bulletin's weekly price assessment for domestic HDG in Northern Europe was sta...Read More

Turkish domestic rebar and wire rod prices have increased further this week, thanks to strong demand and rising costs for scrap and billet, sources said on Thursday March 8.Metal Bulletin's weekly price assessment for domestic rebar was $620-635 per tonne ex-works, up from the $605-625 per tonne of last week.The local rebar price in the Izmir region was $620-625 per tonne...Read More

Spot prices for European molybdic oxide and ferro-molybdenum have been relatively stable in Metal Bulletin's midweek assessment, with market activity muted while dealers await the result of second-quarter delivery tenders from consumers in the steel sector. Oxide prices have been unchanged on only 20 tonnes of reported trades, while the alloy market price range has widened on reported trades of ab...Read More

Tungsten miner Wolf Minerals saw its losses narrow in the second half of last year, supported by a significant increase in revenue from its tungsten concentrate and tin businesses during the period. Wolf recorded a net loss of $35.4 million after tax for the half year ended December 31, down by 6% from a loss of $37.7 million in the corresponding period of 2016, according to the company's interim...Read More

Turkish steel producers spent Thursday March 8 without making any deep-sea scrap transactions, but they are still expected to book more cargoes for April, according to market sources.The mills have booked a number of deep-sea cargoes this week, leading to an increase in the prices."Today, the scrap market was quiet, but Turkish mills need more...Read More

China's coke export offers have risen to track domestic price increases after the country's Chinese New Year break, but trading activity has yet to pick up.Metal Bulletin's price assessment for Chinese coke exports with 65% coke strength after reaction (CSR), 12.5% ash, and in physical sizes of 30-90mm, was $355-365 per tonne fob China for the week ended Tuesday March 6.This has widened upward fro...Read More

Iron ore prices tumbled to $73 per tonne cfr China on Thursday March 8 amid a weakening Chinese steel market.Metal Bulletin's 62% Fe Iron Ore Index Today: $73.23 per tonne cfr QingdaoDaily change: down by $2.61 per tonneMonth-to-date average: $76.65 per tonneMetal Bulletin's 58% Fe Premium Index Today: $59.28 per tonne cfr QingdaoDaily change: down by $1.05 per tonneMonth-to-date average: $60.78 p...Read More

Seaborne coking coal buyers are expecting prices for premium hard coking coal to fall amid ample availability of cargoes in the market. A shipment of premium low-vol materials was heard to have traded at $235 per tonne cfr China on Thursday March 8. Half of the 10 cargoes of premium materials offered in the market have a March-laycan while the rest are scheduled for loading in April, according to...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreBeijing Iron...Read More

Physical iron ore prices continued to drop on Thursday March 8 with the April swaps contract hitting the $70-per-tonne-cfr-China mark amid a weakening Chinese steel market.Key driversChina's ferrous futures tanked across the board for a second day, with the benchmark contracts falling 2.9-3.8% from the settlement levels a day earlier. The iron ore contract had the worst performance, ending just ab...Read More

China's ferrous futures, especially those of finished steel, remained weak during morning trading on Thursday March 8.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,858 ($610) per tonne, down 27 yuan per tonne May hot-rolled coil: 3,940 yuan per tonne, down 21 yuan per tonne Dalian Commodity Exchange May iron ore: 512.50 yuan per tonne, down 0.50 yuan per tonneMay...Read More