Indian mining company Vedanta Resources on Tuesday July 31 announced its results for the quarter ended on June 30, revealing record aluminium production.Aluminium: record quarterly production of 482,000 tonnes, up by 37% year-on-year Aluminium production targeting 2 million tonnes in the 2019 financial year (FY), from April 2018 to March 2019, versus 1.675 million tonnes in FY 2018. Al...Read More
A summary of Norilsk's second quarter and first half 2018 production results.Nickel - Q2 production 49,000 tonnes (down 9%)In the second quarter of 2018, consolidated nickel production decreased by 9% quarter-on-quarter. The nickel output from the company's own Russian feed decreased by 8% quarter-on-quarter to 49,000 tonnes.The reduction was due to scheduled annual repairs at its Harjavalta nicke...Read More
The chief aluminium trader at Switzerland-based Mercuria, Erik Bay Gundersen, has left the company with his Europe-centred book being wound down, Metal Bulletin understands.Gundersen took over as head of aluminium in 2015, but departed last week with no direct replacement. Mercuria declined to comment when contacted on Tuesday July 31.Energy and commodities trader Mercuria...Read More
Rebounds...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.S...Read More
Risk sentiment remains sluggish General risk...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest is...Read More
Aluminium LME aluminium continues to consolidate around $2,050...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus...Read More
Earnings at Novolipetsk Steel (NLMK), Russia's largest steelmaker, soared by 52% year-on-year in the second quarter of 2018 on better prices and increased sales volumes, the company said in a financial report on Tuesday July 31.In April-June, NLMK's earnings before interest, taxes, depreciation and amortization (Ebitda) totaled $915 million, against $603 million in the corresponding period last ye...Read More
In this week’s analysis, we aim...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as s...Read More
Fundamentals weaker, but supply still...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
Price rebound lacking follow-through buying at the moment... Even though the selling momentum since the June high has started to slow and a price rebound was seen last week, nickel has run into resistance ahead of $14,000 per tonne. The lack of follow-through buying in nickel and the other base metals suggests that overall sentiment is still hesitant, which is understandable given continuing worri...Read More
In this week’s analysis, we review...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue a...Read More
With miners’ Q2 reporting season underway,...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More
UK long steel producer British Steel has announced that it intends to increase the price of its structural sections by ?30 ($39) per tonne with effect from deliveries from August 1."Due to continued strong demand and low stocks in the supply chain, we're increasing the prices of our structural sections," Richard Farnsworth, British Steel's managing director for construction materials, said."UK de...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
European steel buyers are likely to turn to the import market to purchase material in the coming months until the quotas recently applied by the EU are filled, Metal Bulletin Research (MBR) believes.Long steel buyers have shunned imports in recent weeks amid uncertainty about the form that the EU's preliminary safeguard measures would take.But attractive import prices, together with fears of being...Read More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for June Personal Income was an increase of 0.4% versus a gain of 0.4% in May. Actual was an increase of 0.4%. Consensus for June Personal Spending was an increase of 0.4% versus a gain of 0...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, HDGHot-rolled coilChina, export, hot-rolled coil (2mm), offered at $620 per tonne cfr, to the UAE.India, export, hot-rolled coil (2mm), offered at $595-600 per t...Read More
Chinese ferro-silicon prices strengthened despite lackluster domestic trading activity, driven primarily by a tightened supply and currency depreciation, while US and European markets remained stagnant amid the summer slowdown.Chinese domestic market inactive, prices rise on currency depreciation Chinese export prices inch up despite limited activity European ferro-silicon market remains on hold i...Read More
Global vanadium prices largely remained firm despite a slowdown in trading activity during the summer holidays in Europe and the United States.Chinese export activity sees slow trading amid European summer holidays European vanadium market stalls on summer slowdown US ferro-vanadium market dormant, limited to small-volume transactions The Chinese vanadium export market was quiet last week, marked...Read More