The latest metal markets news and price moves to start the North American day on Tuesday 13 February.Aluminium prices on the London Metal Exchange have retreated from early morning highs after a significant delivery into LME-listed warehouses in Asia caused on-warrant stock to surge by 18%.The three-month price was trading at a high of $2,151 per tonne - a $27 per tonne increase compared to Monday...Read More

Trading companies in Russia are not interested in buying hot-rolled (HR) and cold-rolled (CR) sheet steel because the high prices do not reflect the low demand in the secondary market. "We don't see strong demand from end users, [so] we are not ready to accept high offers - we are waiting for lower prices," a trader told Metal Bulletin. Metal Bulletin's price assessment for Russian 4mm h...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, HDGHot-rolled coilChina, export, hot-rolled coil, offered at $630-650 per tonne cfr, to the UAE.Taiwan, export, hot-rolled coil, offered at $640-650 per tonne cf...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebarTurkey, export, rebar, offered at $560-570 per tonne cfr, theoretical weight,...Read More

Flat steel import offer prices in the United Arab Emirates and Saudi Arabia continued to increase this week, on stable demand, sources told Metal Bulletin on Tuesday February 13. UAE Hot-rolled coil was being offered to the UAE at $630-650 per tonne cfr from China and at $640-650 per tonne cfr from Taiwan. About 5,000 tonnes of HRC was booked from Taiwan at $620 per tonne cfr. HRC was on offe...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBilletIran, export, billet, offered...Read More

China's hot-rolled coil prices held steady on Tuesday February 13 with major markets at a virtual standstill despite a second day of gains in the futures market.DomesticEastern China (Shanghai): 4,110-4,130 yuan ($650-654) per tonne, unchangedNorthern China (Tianjin): 4,000-4,030 yuan per tonne, unchangedDomestic prices held steady amid sparse trading in major markets including Shanghai and Tianji...Read More

Chinese vanadium markets flattened last week ahead of the Chinese New Year holiday, while US and European prices continued to be reinforced by falling regional inventories. Chinese price flatlines ahead of Chinese New Year holiday  European market rebounds on spot demand uptick, tight market  US market resumes strength on continued supply concerns Few exporters were quoting over the pas...Read More

Global manganese ore supply grew by 26% in 2017 to 19.13 million tonnes of manganese units, according to the latest data from the International Manganese Institute (IMnI). The figure is equivalent to 58.2 million wet metric tonnes of manganese ore. In December 2017 alone, global production reached 1.89 million tonnes of manganese ore units, up 50% year on year, as world demand increased 18.5% to 1...Read More

UK ferrous scrap prices for monthly deliveries to consumers in February have settled with decreases of around ?20-25 per tonne compared with January's settlements, trade sources told Metal Bulletin this week.One main factor in settling February contracts was the steady drop in the scrap import price into Turkey, a key export market for British steel scrap, sources said.Turkish buyers shied away f...Read More

Iron ore prices jumped past $77 per tonne cfr China on Tuesday February 13 following gains in the paper market. Metal Bulletin's 62% Fe Iron Ore Index Today: $77.36 per tonne cfr Qingdao Daily change: up by $1.12 per tonne Month-to-date average: $75.94 per tonne Metal Bulletin's...Read More

Physical iron ore trading continued to slow down on Tuesday February 13, ahead of the Chinese New Year holiday, despite gains in the paper markets.Key driversChina's ferrous futures prices advanced across the board, with the benchmark iron ore contract outperforming other products, rising by 1.3% from the preceding day's settlement.Very limited iron ore trading activity was reported in the seaborn...Read More

There was little movement in the seaborne coking coal spot market on Tuesday February 13 with most buyers in China already away for the Chinese New Year holiday."Coking coal prices will not be able to drop after the Chinese New Year because they are supported by the optimistic sentiment in the downstream sector. Coke prices have also bottomed out," a coke plant source in Tangshan said. "There are...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 oreRio Tinto,...Read More

Ferrous scrap export volumes from Japan fell by 9% year on year to 767,157 tonnes in December, according to the country's Ministry of Finance.Its yearly export volumes totaled 8.22 million tonnes in 2017, a decline of 6% from the prior year.On a regional basis, Japan's ferrous scrap exports to South Korea increased by 28% year on year in December.The country exported 398,228 tonnes of ferrous scra...Read More

Domestic coking coal prices in China rose in the beginning of February amid tighter supply of premium products and higher demand for thermal coal in the country. Metal Bulletin's assessment of domestic prices for hard coking coal in Shanxi delivered to Tangshan was 1,570-1,950 yuan ($248-309) per tonne for the week to Friday February 9, up 75-100 yuan per tonne compared with a month earlier. Offer...Read More

The arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday February 13* Copper -$72.96 (-463.21 yuan) Aluminium -$453.29 (-2877.91 yuan) Zinc -$126.22 (-801.37 yuan) Nickel -$389.03 (-2527.07 yuan) *The physical arbitrage numbers...Read More

Aluminium prices on the London Metal Exchange have retreated from early morning highs after a significant delivery into LME-listed warehouses in Asia caused on-warrant stock to surge by 18%. The three-month price was trading at a high of $2,151 per tonne - a $27 per tonne increase compared to Monday's close price - before warehouse stock data was released at 9am UK time. Some 166,225 tonnes were d...Read More

Base metals on the London Metal Exchange are recovering again this morning, Tuesday February 13, with prices up by an average of 0.7%. Copper ($6,924 per tonne) and nickel lead the way with gains of 0.9%, while lead is the laggard with a 0.3% increase.Volume has been average with 8,757 lots traded as of 07.07 am London time, although half of that has been in copper. This follows gains on Monday fo...Read More

Argentina's national government is pressing ahead with its intentions to make of mining one of the pillars of job creation, and it's holding talks with the leaders of the three provinces that declined to sign a 2017 mining act, which harmonizes taxes and regulations in hopes of attracting investment.Mining secretary, Daniel Meil??n, told local paper El Diario that the government wants the leaders...Read More