Michael Lillja will leave his position as head of marketing at Finnish speciality alloys company Afarak on September 1.He will start a new position within the steel and alloys sector on September 3."It has...Read More
Global ferro-vanadium and vanadium pentoxide (V2O5) prices experienced considerable gains over the past week, taking their cue from strength in the Chinese domestic market. Chinese ferro-vanadium, V2O5 export prices rise in response to strength in domestic market European ferro-vanadium prices strengthen in line with Chinese market European V2O5 prices surge on supply concerns US FeV market conti...Read More
Global ferro-vanadium and vanadium pentoxide (V2O5) prices experienced considerable gains over the past week, taking their cue from strength in the Chinese domestic market. Chinese ferro-vanadium, V2O5 export prices rise in response to strength in domestic market European ferro-vanadium prices strengthen in line with Chinese market European V2O5 prices surge on supply concerns US FeV market conti...Read More
Antimony prices were stable in Europe over the past week, while prices in China moved down slightly amid continued sluggish demand. Prices for antimony with bismuth content below 100ppm or trioxide-grade in-warehouse Rotterdam stood at $7,900-8,150 per tonne on Friday, unchanged from the mid-week assessment when prices had remained stable."I've been trying to get offers below the Metal Bulletin lo...Read More
Turkish steel producers have resumed their deep-sea purchases of scrap for delivery in August following a downturn in prices, sources said on Tuesday July 10.Four deep-sea cargoes were heard traded on Tuesday, three of which were sold out of the United States, Metal Bulletin was told.A steel mill in the Izmir region booked a US cargo, comprising 32,000 tonnes of HMS 1&2 (80:20) at $348 per tonne,...Read More
Comex copper prices slipped in morning trading on Tuesday July 10, with the threat of further tit-for-tat tariffs between the United States and China exacerbating concerns about demand for metals.Copper for September settlement on the Comex division of the New York Mercantile Exchange fell 1.3 cents or 0.5% to trade recently at $2.8370 per lb. Continued uncertainty surrounding trade relations...Read More
Brazilian domestic prices for hot-rolled coil (HRC) and hot-dipped galvanized coil (HDG) have increased only marginally in July, with local producers struggling to apply previously announced price increases.Flat steel companies in the country have been trying to raise prices since early June, but strong competition is getting in the way of the adjustment."The market got messy [and] each client is...Read More
Import prices for some flat steel products in the United Arab Emirates and Saudi Arabia decreased this week because of lower offer and deal prices, sources told Metal Bulletin on Tuesday July 10.There is a liquidity shortage among some contractors, who are not receiving payments on time, sources said, while the seasonal slowdown continues.UAEMetal Bulletin's weekly price assessment for UAE imports...Read More
China's domestic hot-rolled coil prices continued to rise on Tuesday July 10 on supply concerns in the country's steelmaking hub of Tangshan in the northern region.DomesticEastern China (Shanghai): 4,230-4,250 yuan ($639-642) per tonne, up 30 yuan per tonneNorthern China (Tianjin): 4,110-4,120 yuan per tonne, narrowing upward 10 yuan per tonneHRC prices rose following the circulation of a document...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebarOman, export, rebar, offered at $615-620 per tonne cfr, theoretical weight,...Read More
India's JSW Steel increased its crude steel production by 5% in April-June this year, producing 4.11 million tonnes, up from3.91 million tonnes in the same period in 2017.The company also produced 2.87 million tonnes of flat rolled products in the second quarter - which is the company's fiscal first quarter for 2018-2019 - a 4% year-on-year increase compared with the same quarter in 2017...Read More
The global pig iron market was quiet in June with purchasing activity being low in the United States, where buyers booked large volumes in May."When the largest consumer postpones bookings, it brings uncertainty to the market," one trader told Metal Bulletin. "Everyone waits until the trend-setter shows where the market will turn."United StatesBuyers in the US consume more than 50% of the pig iron...Read More
Turkish steel producers have resumed their deep-sea purchases of scrap for delivery in August following a downturn in prices, sources said on Tuesday July 10.Four deep-sea cargoes were heard traded on Tuesday, three of which were sold out of the United States, Metal Bulletin was told.A steel mill in the Izmir region booked a US cargo, comprising 32,000 tonnes of HMS 1&2 (80:20) at $348 per tonne,...Read More
The physical iron ore market stayed rangebound while steel prices rose on Tuesday July 10 amid more concerns over potential restrictions on blast furnaces in China's steelmaking hub.Metal Bulletin 62% Fe Iron Ore Index: $63.91 per tonne cfr Qingdao, down $0.01 per tonneMetal Bulletin 62% Fe Pilbara Blend fines Index: $62.82 per tonne cfr Qingdao, up $0.21 per tonneMetal Bulletin 58% Fe Premium Ind...Read More
China's domestic rebar prices experienced a sharp rebound on Tuesday July 10 amid anticipation of production cuts in the country's steelmaking hub of Tangshan in the northern region.Domestic Eastern China (Shanghai): 4,000-4,050 yuan ($604-612) per tonne, up 60-70 yuan per tonne Northern China (Beijing): 3,940-3,990 yuan per tonne, up 70-80 yuan per tonne A document is being spread around in the s...Read More
Global ferro-vanadium and vanadium pentoxide (V2O5) prices experienced considerable gains over the past week, taking their cue from strength in the Chinese domestic market. Chinese ferro-vanadium, V2O5 export prices rise in response to strength in domestic market European ferro-vanadium prices strengthen in line with Chinese market European V2O5 prices surge on supply concerns US FeV market conti...Read More
Import prices for steel billet in Southeast Asia were unchanged over the past week amid subdued demand, while those for slab in the wider region edged up ahead of an impending supply drop.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $540-550 per tonne cfr for the week ended Monday July 9, the same as a week earlier.Few bookings were reported over the past wee...Read More
Brazilian domestic prices for hot-rolled coil (HRC) and hot-dipped galvanized coil (HDG) have increased only marginally in July, with local producers struggling to apply previously announced price increases.Flat steel companies in the country have been trying to raise prices since early June, but strong competition is getting in the way of the adjustment."The market got messy [and] each client is...Read More
The global pig iron market was quiet in June with purchasing activity being low in the United States, where buyers booked large volumes in May."When the largest consumer postpones bookings, it brings uncertainty to the market," one trader told Metal Bulletin. "Everyone waits until the trend-setter shows where the market will turn."United StatesBuyers in the US consume more than 50% of the pig iron...Read More
Comex copper prices slipped in morning trading on Tuesday July 10, with the threat of further tit-for-tat tariffs between the United States and China exacerbating concerns about demand for metals.Copper for September settlement on the Comex division of the New York Mercantile Exchange fell 1.3 cents or 0.5% to trade recently at $2.8370 per lb. Continued uncertainty surrounding trade relations...Read More