Fastmarkets MB has corrected its monthly alloy surcharges for Europe domestic grade-304 and grade-316 stainless steel cold-rolled sheet (2mm) for April, which were published incorrectly on March 29, 2019 due to an error.The incorrect ranges were published because one of the stainless steel mills - whose surcharges comprise the ranges - was late in publishing them for April. The range for grade-304...Read More

With LME Asia Week fast approaching, Fastmarkets MB takes an in-depth look at one of the topics likely to dominate discussions at this year's event: the growing risk of supply-side headwinds for nickel prices.Nickel prices face considerable downside pressure from increasing supply of two nickel-containing stainless steel raw materials - nickel pig iron (NPI) and nickel plate - as well as an abunda...Read More

Market sources surveyed by Fastmarkets last week broadly agreed that the prospects for steel exports out of Turkey remained poor at the end of April, with no recovery likely soon because of trade barriers erected by authorities in the country's principal outlet markets.This will affect steel output in Turkey, with local demand also limited by the country's economic uncertainty and the decline in t...Read More

Steel production has stopped at the Algerian steel mill of Turkish steelmaker Tosyali after a workers' strike began on Wednesday April 24, according to local newspaper reports. Tosyali could not be reached for comment at the time of publication. "Production at Tosyali has stopped, and in the past two or three days, we have seen increased Algerian interest for wire rod imports from Italy and Spain,...Read More

If the United States places import tariffs on cars produced in Germany it could trigger an economic slowdown in Germany, corporate audit director of Czech steel distributor Ferona, Jan Moravec, said at Eurometal's Regional Meeting in Central Europe held in Prague on April 25.One of the major risks to the German steel industry is the import tariffs in the United States, Moravec said.Tariffs on impo...Read More

Tata Steel aims to produce 32 million tonnes per year of crude steel at its Indian operations by 2025, the company said.The 2025 capacity target in India would constitute the entirety of the steelmakers' global crude capacity following the planned divestment of operations in Asia and a planned joint venture of European flat steel operations with Germany's ThyssenKrupp.Of the Indian steelmaker's cu...Read More

Ferro-silicon prices in the Chinese domestic market have begun to fall again after a brief period of stability when weak demand in the magnesium sector dragged down the bulk alloy market.For its part, the European ferro-silicon market also dropped in the week to Monday April 29, with producers failing to support prices while consumers continued to settle delivery contracts at ever-lower values. Sl...Read More

Warehouse operator Access World has significantly increased its London Metal Exchange warehouse presence in Port Klang, Malaysia, by listing 25 new LME-registered warehouses there over the past two weeks.Nineteen Access World-owned warehouses in Port Klang were listed on Monday April 29, according to an LME notice. Six had previously been listed on April 17 in Port Klang. Before the mass listing o...Read More

Fastmarkets summarizes five key points we learned at Antaike's 2019 China Industry Silicon Conference in Guizhou, China, over April 24-26. Domestic silicon consumption in China likely to fall; concern growing over export prices Demand in China's silicon market is likely fall in the near term while the secondary aluminium market struggles with restrictions on imports of non-ferrous scrap metal, mar...Read More

Aluminium's three-month price on the London Metal Exchange fell by more than 1% at the close of trading on Monday April 29, reaching its lowest level since January amid fresh inflows of more than 50,000 tonnes. The light metal closed at $1,828 per tonne this afternoon, with volumes traded leading the complex, with more than 12,400 lots changing hands by the close, while open interest has climbed b...Read More

Here are five Fastmarkets MB stories you might have missed on Monday April 29 that are worth another look.Demand in China's silicon market is likely fall in the near term while the secondary aluminium market struggles with the impending restrictions on imports of non-ferrous scrap metal, market sources told Fastmarkets on the sidelines of Antaike's 2019 China Industry Silicon Conference in Gu...Read More

Warehouse operator Access World has significantly increased its London Metal Exchange warehouse presence in Port Klang, Malaysia, by listing 25 new LME-registered warehouses there over the past two weeks.Nineteen Access World-owned warehouses in Port Klang were listed on Monday April 29, according to an LME notice. Six had previously been listed on April 17 in Port Klang. Before the mass listing o...Read More

Aluminium's three-month price on the London Metal Exchange fell by more than 1% at the close of trading on Monday April 29, reaching its lowest level since January amid fresh inflows of more than 50,000 tonnes. The light metal closed at $1,828 per tonne this afternoon, with volumes traded leading the complex, with more than 12,400 lots changing hands by the close, while open interest has climbed b...Read More

Treatment charges (TCs) paid for zinc concentrates on the spot market declined in April, with Chinese smelters and traders actively acquiring tonnages at lower levels than before.Fastmarkets monthly assessment for zinc concentrate spot TCs, cif Asia Pacific, was at $260-290 per tonne on April 26, down from $270-305 per tonne on March 29.The drop marks a break in the uptrend for sharply rising zinc...Read More

Investing.com - Gold prices slipped on Monday in Asia as markets await the outcome of the next FOMC meeting.Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.1% at $1,287.05 per ounce by 1:16 AM ET (05:16 GMT).The Fed will conclude its two-day meeting on Wednesday amid expectations that interest rates will remain on hold. The meeting is c...Read More

James Hyerczyk20 hours ago (Apr 29, 2019 4:37 AM GMT)Gold futures rebounded from early session weakness to post a potentially bullish closing price reversal bottom last week. Despite the strong U.S. Dollar, which hit a 2-year high last week, gold prices rallied because of a drop in U.S. Treasury yields. They were part of global weakness in the government debt markets that started after the release...Read More

Treatment charges (TCs) paid for zinc concentrates on the spot market declined in April, with Chinese smelters and traders actively acquiring tonnages at lower levels than before.Fastmarkets monthly assessment for zinc concentrate spot TCs, cif Asia Pacific, was at $260-290 per tonne on April 26, down from $270-305 per tonne on March 29.The drop marks a break in the uptrend for sharply rising zinc...Read More

Here are five Fastmarkets MB stories you might have missed on Monday April 29 that are worth another look.Demand in China's silicon market is likely fall in the near term while the secondary aluminium market struggles with the impending restrictions on imports of non-ferrous scrap metal, market sources told Fastmarkets on the sidelines of Antaike's 2019 China Industry Silicon Conference in Gu...Read More

Aluminium billet import premiums in Brazil for material from Aluar - the sole producer in neighboring Argentina - were at $460-490 per tonne cif during the first quarter of the year, the company told Fastmarkets MB.In March and April, the import premiums were slightly closer to the low end of the range but have averaged nearer $470 per tonne this month. The most recent deal heard for the Argentini...Read More

The United States' copper market suffered minor losses on Monday April 29 morning amid a lack of business activity and signs that the second-quarter will produce weak demand.The copper price for July settlement on the Comex division of the New York Mercantile Exchange dipped 0.40 cents to $2.89 per lb. The red metal has been unable to set a clear price direction over the past few weeks, with a vol...Read More