Low tenders from major Chinese mills for August production weighed on domestic and imported ferro-chrome prices over the week that ended on Friday August 3, while chrome ore inventories hit record highs....Read More
Following extensive market engagement, Metal Bulletin has decided to extend the consultation period for the proposal to split Metal Bulletin's 0.10% C low-carbon ferro-chrome Europe price specification to provide additional time for feedback. At present, Metal Bulletin includes all price points for low-carbon ferro-chrome with a carbon and chromium content of 0.10% and 60-70% chrome respectively i...Read More
Low tenders from major Chinese mills for August production weighed on domestic and imported ferro-chrome prices over the week that ended on Friday August 3, while chrome ore inventories hit record highs....Read More
China announced a 10% tariff on US lead ores and concentrates, which took up one-sixth of its imports last year, a move that could possibly exacerbate the tightness of lead raw material supply, according to a release by China's Ministry of Finance last Friday....Read More
Rusal's sales of primary aluminium and alumina fell by 19.2% and 11.4% respectively in the second quarter of 2018 from the previous quarter due to US sanctions against the Russian producer. The decreases were partly offset by the sharp increase in the prices of aluminium and alumina over the period, but Rusal nevertheless posted a drop of nearly 18% in revenues over the quarter, while production w...Read More
Benchmark cobalt prices continued to fall last week, albeit at a slower pace than before, with sellers facing less urgent pressure to destock and spot trade returning to its slower summer pace....Read More
Key data from the Friday August 3 pricing session in Shanghai.Cobalt metal - China's domestic cobalt metal price dropped to 490,000-530,000 yuan ($71,718-77,572) per tonne ($28.10-30.40 per lb China VAT-free), with the seasonal lull continuing to the downside. - Spot sales and quotations for Jinchuan cobalt stood around 490,000-505,000 yuan per tonne, while those for imported cobalt were around 52...Read More
The Turkish steel mills have returned to the deep-sea scrap markets following a downturn in prices, sources said on Monday August 6....Read More
Turkish domestic ship scrap prices have gone down over the past week due to the weakening lira and poor demand for finished steel, while auto bundle scrap prices have remained largely stable, sources said on Monday August 6....Read More
Metal Bulletin is running a one-month consultation to seek feedback on whether to keep or amend the minimum tonnage used in the assessments of its zinc premiums for European countries. At present, Metal Bulletin publishes four weekly assessments for European zinc premiums: Zinc SHG ingot FCA duty-paid Rotterdam Zinc SHG ingot FCA duty-paid Antwerp Zinc SHG ingot FCA duty-paid Italy Zinc SHG ingot...Read More
Benchmark cobalt prices continued to fall last week, albeit at a slower pace than before, with sellers facing less urgent pressure to destock and spot trade returning to its slower summer pace....Read More
Key data from the Friday August 3 pricing session in Shanghai.Cobalt metal - China's domestic cobalt metal price dropped to 490,000-530,000 yuan ($71,718-77,572) per tonne ($28.10-30.40 per lb China VAT-free), with the seasonal lull continuing to the downside. - Spot sales and quotations for Jinchuan cobalt stood around 490,000-505,000 yuan per tonne, while those for imported cobalt were around 52...Read More
Electric vehicles are exerting a significantly disruptive effect on the automotive industry and will transform the sector over the next five years, according to analytics firm GlobalData....Read More
Steel producers in Russia's central region around Moscow have increased their prices for hot-rolled (HR) and cold-rolled (CR) steel sheet on improved demand....Read More
Exporters of hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States intend to increase their prices for September-rolling products, but demand remains seasonally low, sources said....Read More
Turkey's finished steel output increased 9% year on year in January-June 2018, while consumption increased 11.5%, according to the latest data published by the Turkish Steel Producers Assn (T???oeD). Finished steel output reached 20.5 million tonnes in the first six months of 2018, up from 18.8 million tonnes in the corresponding period of 2017, while consumption was 18 million tonnes up from 16.2...Read More
Turkey's finished steel output increased 9% year on year in January-June 2018, while consumption increased 11.5%, according to the latest data published by the Turkish Steel Producers Assn (T???oeD). Finished steel output reached 20.5 million tonnes in the first six months of 2018, up from 18.8 million tonnes in the corresponding period of 2017, while consumption was 18 million tonnes up from 16.2...Read More
The latest metal markets news and price moves to start the North American day on Monday August 6. Base metals on the London Metal Exchange were lower across the board during morning trading on Monday August 6, limited by a firm uptick in the dollar index while the market continues to adjust to intensifying United States-China trade relations.Edging lower over the morning, zinc's three-month price...Read More
Singapore rebar import prices weakened over the past week following the issuance of low offers from a Turkish mill. Metal Bulletin's assessment of import prices for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $550 per tonne cfr for the week to Monday August 6, down $3-5 per tonne from the preceding week's $553-555 per tonne cfr."T...Read More
The Turkish steel mills have returned to the deep-sea scrap markets following a downturn in prices, sources said on Monday August 6....Read More