Recent News

TURKEY STEEL BILLET: Rising scrap costs push up domestic, export billet prices

January 04, 2018 / www.metalbulletin.com

Turkish domestic and export billet prices have increased slightly in line with costlier imported scrap, while billet import prices were unchanged over the past week, sources said on Thursday January 4.Metal Bulletin's weekly price assessment for domestic billet on Thursday was $545-550 per tonne ex-works, up from the $540-545 per tonne of last week.However, the...Read More

TURKEY LONG STEEL EXPORTS: Rebar, wire rod prices rise despite weak demand

January 04, 2018 / www.metalbulletin.com

Turkish long steel export prices have continued to climb over the past week, in line with increasing scrap costs, sources said on Thursday January 4.Metal Bulletin's weekly price assessment for rebar exports out of Turkey was $570-580 per tonne fob, actual weight. This was up from the $560-570 per tonne of last week.But Turkish...Read More

Turkey reduces import duty on HRC for re-rollers

January 04, 2018 / www.metalbulletin.com

Turkey has reduced the import duty applied to incoming shipments of hot-rolled coil (HRC) intended for re-rollers to 3.5% from the previous 5%, with effect from Monday January 1.The duty remains at 9% for other HRC imports, Metal Bulletin has heard.Market...Read More

EGYPT STEEL BILLET, REBAR: Prices stable but rise expected for domestic rebar

January 04, 2018 / www.metalbulletin.com

Egypt's import billet and domestic rebar markets were slow in the week ended Thursday January 4, after the new year break."The market is so quiet [because of] the holiday season," a trader told Metal Bulletin on Thursday January 4.Now buyers expect local rebar prices to increase, another market participant said.They have...Read More

Semi-finished Steel Products Trade Log, January 4, 2018

January 04, 2018 / www.metalbulletin.com

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

TITANIUM SNAPSHOT: Prices find a floor amid tight supplies

January 04, 2018 / www.metalbulletin.com

Key data from the January 3 pricing session in Europe. Ferro-titanium 70% (max 4.5% Al) $ per kg, delivered duty-paid in EuropeKey drivers: - Ferro-titanium prices were unchanged this week, with business concluded across the range. However, sellers have upped their offers for subsequent inquiries with little free...Read More

NOBLE ALLOYS MIDWEEK: European moly, vanadium prices charge into 2018 with supply constraints in focus

January 04, 2018 / www.metalbulletin.com

Concerns over supplies for the year ahead and a strong purchasing appetite from traders and mills continued to provide momentum to noble alloys prices in the first few days of January. Molybdic oxide prices staged the most impressive gains in the (usually quiet) first days of the year, jumping to $10.70-11 per lb, in-warehouse Rotterdam, on Wednesday January 3. Prices were assessed up 10.2% f...Read More

2018 PREVIEW: Chinese vanadium market facing deficit on new rebar standards, ban on slag imports

January 04, 2018 / www.metalbulletin.com

The Chinese vanadium market may turn to a deficit this year, underpinned by revised standards for the tensile strength of rebar products and a ban on vanadium slag imports, sources told Metal Bulletin.The new standard proposes eliminating 335MPa-tensile strength rebar and replacing it with 600MPa-tensile strength rebar that will have greater earthquake resistance, which will mean produce...Read More

Brazilian ferrous scrap exports down 4% in 2017

January 04, 2018 / www.metalbulletin.com

Brazilian ferrous scrap export volumes fell by 3.64% in 2017, according to figures released by national foreign trade ministry MDIC on Thursday January 4.Shipments of ferrous scrap amounted to 589,041 tonnes last year, compared with 611,266 tonnes in 2016.Bangladesh was...Read More

Brazil's pig iron exports rise in 2017 on US, Italian demand

January 04, 2018 / www.metalbulletin.com

Brazilian pig iron export volumes increased by 4.59% in 2017 on an annual basis, mostly due to improved demand from the United States and Italy.Shipments totaled 2.28 million tonnes, compared with 2.18 million tonnes in 2016, according to figures released by the country's foreign trade ministry, MDIC, on Thursday January 4.Brazil exported around 1 million tonnes of pig iron to the US last year, up...Read More

Brazil's iron ore exports to China up 16% in 2017 as prices rise

January 04, 2018 / www.metalbulletin.com

Brazilian iron ore export volumes to China increased by 15.75% year-on-year in 2017, amid higher sales prices, Metal Bulletin has learnt.Shipment totals came to 217.94 million tonnes, against 214.56 million tonnes in 2016, according to figures released by Brazilian foreign trade ministry MDIC on Thursday January 4.Over the same period, the average fob iron ore export price to China rose to $47.67....Read More

Steelmaking Raw Materials Trade Log, January 4, 2018

January 04, 2018 / www.metalbulletin.com

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

Seaborne iron ore prices up despite tumble in Chinese rebar market

January 04, 2018 / www.metalbulletin.com

The seaborne iron ore market reported higher prices on Thursday January 4 despite a big drop in spot rebar prices in east China.Key driversChina's steel markets continued to soften during the day with spot rebar prices in the eastern region tumbling 170-180 yuan ($26-28) per tonne as bad weather dampened downstream demand.The benchmark iron ore futures contract picked up in the afternoon after dec...Read More

Nickel prices will continue to fall: BMI

January 04, 2018 / www.mining.com

A new report by BMI research says that refined nickel prices will continue to lose steam in the coming months due to increased supply from Indonesia, subdued demand from China and fading overly-optimistic demand expectations from electric vehicle production."We have kept our nickel price forecast at $10,000/tonne for 2018 and expect prices to head lower over our forecast period from 2017-2021 as t...Read More

Alba wants to reopen gold mine behind three generations of royal wedding rings

January 04, 2018 / www.mining.com

Prince Harry's recent engagement combined with the massive success of Netflix's series The Crown has reignited people's and media's interest in the British monarchy.This is probably why newspapers and news sites around the UK paid special attention this week to the fact that later in 2018 the Clogau St David's mine, located near Bontddu in North Wales, might reopen after two decades of inactivity....Read More

IRON ORE PRICES: Benchmark index rises past $76 per tonne cfr China

January 04, 2018 / www.metalbulletin.com

Iron ore prices rose above $76 per tonne cfr China on Thursday January 4 despite a subdued Chinese steel market.Metal Bulletin's 62% Fe Iron Ore Index Today: $76.54 per tonne cfr QingdaoDaily change: up by $1.57 per tonneMonth-to-date average: $75.41 per tonneMetal Bulletin's 58% Fe Premium Index Today: $61.94 per tonne cfr QingdaoDaily change:...Read More

Drilling in Stars

January 04, 2018 / www.mining.com

Vancouver-based ML Gold Corp.(TSXV: MLG) announced that is has started a winter drilling program on the Stars property, located 40 kilometres south-west of Houston, British Columbia. The company acquired the mine in November from Pacific Empire Minerals Corp. and Divitiae Resources.In a press release, ML Gold informed that it has mobilized a diamond drill rig and drilling is underway. The program...Read More

LIVE FUTURES REPORT 04/01: Rallies in LME copper, nickel restart; other base metals prices strengthen

January 04, 2018 / www.metalbulletin.com

Base metals prices on the London Metal Exchange were universally higher during morning trading on Thursday January 4, with copper and nickel climbing more than 1%.After pausing to consolidate December's gains, the three-month copper price has gained more over $100 per tonne. Copper closed 2017 up 30% and is well placed to move higher this year."Most metals prices are making moderate...Read More

SHFE vs LME physical arbitrage 04/01: Copper, aluminium, zinc, nickel

January 04, 2018 / www.metalbulletin.com

Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday January 4*Copper-$128.62 (-838.43 yuan) Aluminium-$499.71 (-3,257.51 yuan) Zinc -$157.06 (-1,023.85 yuan) Nickel-$436.40 (-2,844.83 yuan) *The physical arbitrage numbers are calculated daily by Metal Bulletin using SHFE...Read More

2018 PREVIEW: MiFID II to drive transparency in 2018

January 04, 2018 / www.metalbulletin.com

The drive for greater transparency in financial markets will power into fifth gear from the start of January as the second iteration of Europe's Markets in Financial Instruments Directive (MiFID II) comes into effect. MiFID II - the European Union's first regulatory update to the directive since 2004 - will kick in on Wednesday January 3 and is designed to make European markets safer and more tran...Read More

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