Base Metal Stock Articles

INDIA IMPORT SCRAP: Price rise hampered by exchange rate

August 31, 2018 / Maria Tanatar

Prices for containerized shredded scrap imported into India have risen this week, supported by good demand and an increase in international scrap prices, sources told Metal Bulletin....Read More

DAILY SCRAP REPORT: Prices tick down as Turkish mills continue bookings

August 31, 2018 / Cem Turken

Turkish steel producers continued to book deep-sea scrap on Friday August 31 with prices moving downward, albeit slowly....Read More

IRON ORE DAILY: Lump premiums rise further

August 31, 2018 / July Zhang

Seaborne iron ore lump premiums traded notably higher on Friday August 31, while fines prices also edged up....Read More

COKING COAL DAILY: Active buying keeps seaborne prices supported

August 31, 2018 / Sophie Zhao

Buying activity in the seaborne coking coal spot market largely gave prices a boost on Friday August 31....Read More

SHFE vs LME physical arbitrage 31/08: Copper, aluminium, zinc, nickel

August 31, 2018 / Susan Zou

The arbitrage for copper, aluminium, zinc and nickel imported into China on Friday August 31*...Read More

CHINA HRC: Prices continue to drop on expected supply rise

August 31, 2018 / Miranda Song

China's domestic hot-rolled coil prices continued to drop on Friday August 31 amid expectations of supply picking up in the days to come with the lifting of restrictions on steel production in Tangshan in the country's northern region....Read More

SHFE STOCKS REPORT 31/08: Copper stocks fall nearly 6% w-o-w on arb opportunities

August 31, 2018 / Anna Xu

Deliverable copper stocks at Shanghai Futures Exchange-approved warehouses dropped by 8,589 tonnes or 5.9% over the past week to 138,001 tonnes as of Friday August 31. ...Read More

MINOR METALS MARKET REPORT 31/08: Antimony continues its uptrend on material tightness

August 31, 2018 / Jethro Wookey

An overview of the minor metals markets and the reasons for any price moves.Read More

MB NON-FERROUS PRICE CHANGES 31/08: Minor metals

August 31, 2018 / editorial@metalbulletin.com

The following Metal Bulletin minor metals prices changed on Friday August 31:...Read More

SILICON SNAPSHOT: Chinese silicon export prices dip despite Japanese buying

August 31, 2018 / Jethro Wookey

Key data from the pricing sessions in London and Shanghai on Friday August 31....Read More

METALS MORNING VIEW 31/08: Pick-up in China's PMI data fails to excite base metals prices

August 31, 2018 / William Adams

The rebounds in the base metals have paused in recent days; we wait to see if the better-than-expected Chinese official manufacturing purchasing managers' index (PMI) acts as a boost as we approach September and the end of the summer slowdown. The PMI edged up to 51.3 in August from 51.2 in July, but it also came in better than the 51.0 that was expected. Three-month base metals prices on the Lond...Read More

SSAB shuts down Oxel??sund blast furnace for unplanned repairs

August 31, 2018 / Maria Tanatar

Swedish steelmaker SSAB has decided temporarily to shut down blast-furnace operations at its special steel mill in Oxel??sund, Sweden, the company said on Thursday August 30....Read More

MB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 31/08

August 31, 2018 / editorial@metalbulletin.com

The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday August 31:...Read More

STEEL WEEK IN BRIEF: Trump grants limited 232 exemptions, Turkish mills resume scrap bookings

August 31, 2018 / Viral Shah

Metal Bulletin reviews the major stories that have affected the steel market over the week ending Friday August 31....Read More

Italian unions announce September 11 strike action at Ilva over sale uncertainty

August 31, 2018 / Viral Shah

Italian steel trade unions have announced company-wide strike action at troubled Italian steelmaker Ilva, to take place on Tuesday September 11, four unions said in a joint statement on Friday August 31.The statement was co-signed by Fim-Cisl, Fiom-Cgil, Uilm and Usb.The decision to strike comes amid continued uncertainty over the future of the flat steel producer, after Luigi Di Maio, Italy's min...Read More

Italian unions announce September 11 strike action at Ilva over sale uncertainty

August 31, 2018 / Viral Shah

Italian steel trade unions have announced company-wide strike action at troubled Italian steelmaker Ilva, to take place on Tuesday September 11, four unions said in a joint statement on Friday August 31.The statement was co-signed by Fim-Cisl, Fiom-Cgil, Uilm and Usb.The decision to strike comes amid continued uncertainty over the future of the flat steel producer, after Luigi Di Maio, Italy's min...Read More

STEEL WEEK IN BRIEF: Trump grants limited 232 exemptions, Turkish mills resume scrap bookings

August 31, 2018 / Viral Shah

Metal Bulletin reviews the major stories that have affected the steel market over the week ending Friday August 31.Raw materialsSeaborne iron ore lump premiums traded notably higher on Friday amid robust prices for pellets, which can be partially replaced by lumps in blast furnaces, and relatively limited spot availability at Chinese ports.Stringent port inspections and a forthcoming major holiday...Read More

Gold Holds Precariously Just Above $1,200

Aug 30 2018 5:59PM / Kitco Commentary

As of 4:00 PM Eastern standard time, spot gold is trading just above $1,200 at $1,200.09. This occurred after trading to a low today of $1,196.45 before slightly recovering. Although dollar strength can be cited as an underlying force, it is selling pressure that is dominating the markets today. According to the KGX (Kitco Gold Index), today’s decline of $6.10 is composed of mostly selling p...Read More

Trump wants to move ahead with tariffs on Chinese imports worth $200 billion next week: Bloomberg

Aug 30 2018 3:09PM / Reuters

WASHINGTON (Reuters) - U.S. President Donald Trump is ready to increase trade tensions with China, telling aides he wants to impose tariffs on $200 billion more in Chinese imports after a comment period ends next week, Bloomberg News reported on Thursday.The White House declined comment on the Bloomberg report.The report, which cited six unidentified sources, pressured markets. The S&P hit ses...Read More

Argentine peso in free-fall despite central bank rate hike to 60 percent

Aug 30 2018 3:05PM / Reuters

BUENOS AIRES (Reuters) - Argentina's peso lost as much as nearly one-fifth of its value on Thursday despite the central bank's hiking its benchmark interest rate to a dizzying 60 percent as investors panicked over President Mauricio Macri's handling of an economic crisis.Onerous borrowing costs combined with government spending cuts and a drought that crippled the agricultural sector this year hav...Read More

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