A roundup of changes to aluminium billet premiums, as assessed by Metal Bulletin, in the past month.   ...Read More

Comex copper prices were once again trading in negative territory on Friday January 19 despite the dollar trading at the lowest point since January 2015. Copper for March settlement on the Comex division of the New York Mercantile Exchange declined 0.85% or 0.3% to $3.1905 per lb. Since the beginning of the month, the...Read More

The latest metal markets news and price moves to start the North American day on Friday January 19.Base metals prices on the London Metal Exchange were trading higher across the board, supported by fresh cancellations of LME stocks and the weakening dollar.The three-month zinc price set a 10-year high this morning of $3,438 per tonne after 24,175 tonnes of metal was freshly cancelled...Read More

Now that the Chinese government has raised the refined nickel import tax to 2%, Chinese nickel market participants are looking to nickel briquettes from Australia and Madagascar due to their lower premiums compared with nickel full plates, Metal Bulletin understands.Non-duty-free nickel briquette prices from London Metal Exchange warehouses or Shanghai-bonded warehouses were assessed at $130-140 p...Read More

TSX VENTURE: WGOwww.whitegoldcorp.ca Mr. David D'Onofrio reports:TORONTO, ONTARIO--(Marketwired - Jan. 19, 2018) - White Gold Corp. (TSX VENTURE:WGO) (the "Company") is pleased to announce final reverse circulation ("RC") drill results for the White Gold Property, Yukon from its 2017 exploration program. This final batch includes 2 holes from the historical Golden Saddle deposit (the "Golden Saddl...Read More

Nickel briquette premiums cif China were steady week on week in spite of a production outage at the Ambatovy project in Madagascar. Premiums for nickel briquette from LME warehouses cif China remained at $130-140 per tonne in the week ended Friday January 19, sources told Metal Bulletin. Meanwhile, duty-free nickel briquettes from Australia and Madagascar are being offered at premiums of $350-360...Read More

TSX VENTURE: MTOwww.metanor.ca Mr. Gregory Gibson reports:VAL-D'OR, QUEBEC--(Marketwired - Jan. 19, 2018) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to announce new high-grade intercepts of 14.3g/t Au over 4.6 metres and 10.4 g/t Au over 4.5 metres at the Barry project located in the Urban township, 110 km south of the Bachelor mill. These new exploration drill results conti...Read More

The decision by the Brazilian government not to impose final trade sanctions against imports of hot-rolled coil (HRC) from China and Russia is expected to create import windows and to raise the pressure on local producers, according to market participants.The option to immediately suspend the sanctions came despite the confirmation of dumping practices by the two nations."The Chinese and Russian e...Read More

UK long steel producer British Steel has decided to permanently close its heavy plate mill in Scunthorpe, northern England, the company announced on Friday January 19.The plate mill was idled by former owner Tata Steel in October 2015.Tata Steel's two...Read More

Severstal, Russia's major steelmaker, increased its exports by nearly 16% in the fourth quarter of 2017 through higher shipment volumes of billet and slab, the company said on Friday January 19.Over October-December last year, the company exported around 1.18 million tonnes of steel products. That was almost 16% more than in July-September.Exports of semi-finished steel products rapidly increased...Read More

Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices ended the week on the rise, after some falls over the period. Metal Bulletin's 62% Fe Iron Ore Index hit $76 per tonne on Friday, boosted by gains in China's futures market.Buyers of seaborne coking coal are waiting on the market sidelines in expectation of lower prices in the weeks ahea...Read More

Indian local secondary billet prices were showing signs of weakness on Friday January 19 despite making a week-on-week gain of 400 rupees ($6) per tonne.Prices for Indian domestic secondary billet, mainly produced in induction furnaces, ended the week at 32,300-32,500 rupees ($506-509) per tonne ex-mill. This was an increase of 400 rupees per tonne compared with Metal Bulletin's assessment last we...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, offered at $630-640 per tonne ex-works, March and early-April production.Turkey, domestic, hot-rolled...Read More

The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday January 19:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $11.70-12 per lb from $11.40-11.65 Molybdenum US canned molybdic oxide, $/Ib $11.75-12 per Ib from $11.00-11.30 Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $29-29.70 per kg from $28-28.80 Ferro-molybdenum US 65-70% Mo,...Read More

The UK inter-merchant price range for austenitic alloy steel scrap fell by ?40-60 per tonne this week as both the US dollar and nickel prices weakened, sources said on Friday January 19.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?900-940 ($1,247-1,302) per tonne delivered on Friday, compared with ?960-980 per tonne on January 12.The London Metal...Read More

The scrap prices in the major markets, other than the United States, have softened in line with weak demand from Turkish steel producers during the working week from Monday January 15 to Friday January 19.However, the US market was also expected to follow the trend, with Baltic Sea and European suppliers having already agreed to sell material to Turkey at lower prices at the end of the week.Turkey...Read More

Prices for containerized imports of ferrous scrap into India fell this week, with negative sentiment and a drop in demand weakening the market, sources told Metal Bulletin on Friday January 19.Indian import scrap markets achieved their highest prices for more than three years a fortnight ago, but the market undid those gains after a sharp decline in buying activity in Pakistan.Metal Bulletin's ind...Read More

Turkish steel producers returned to the deep-sea scrap markets on Friday January 19, after they managed to get lower prices from Baltic Sea and European suppliers.With the news of three cargoes traded, the daily scrap indices went down sharply at the end of the week.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed at $352.89 per tonne cfr, down by $14.10 per tonne day-on-d...Read More

The market in the United Kingdom for grade 5C ferrous scrap has edged downward in the past week, with prices easing while buying interest in the key export market of Turkey cools because of the strengthening of sterling versus the dollar.The UK market is seeing more availability domestically as a consequence, while buyers in India are also balking at current European export prices that have been r...Read More

Firm market conditions have led export prices for Brazilian pig iron to rise for the second week in a row.Metal Bulletin's weekly price assessment for Minas Gerais-origin pig iron exports increased to $370-375 per tonne fob on Friday January 19, from last week's $360-370 per tonne fob.A 30,000-tonnes cargo of material produced in Brazil's south-eastern Minas Gerais state was sold at $370 per tonne...Read More