Non-ferrous metals producer Korea Zinc will increase sales of zinc from its directly owned smelting assets in 2018 by 8%, or 50,000 tonnes, while reducing its lead and silver volumes, it said on February 8.The company plans to cut sales of lead by 10,000 tonnes to a total of 410,000 tonnes, and to reduce silver sales by 10%, or 216 tonnes, to 1,900 tonnes.Zinc sales will increase to an annual tota...Read More
Domestic Chinese trading is preparing for a shake-up after the new International Energy Exchange (INE), a subsidiary of the Shanghai Futures Exchange (SHFE), has announced it will allow non-Chinese companies to trade crude oil futures contracts.Following the release of a one-line statement from the China Securities Regulatory Commission (CSRC) on February 9 that announced the launch of domestic cr...Read More
Low- and high-grade cobalt prices continued to overlap in the latest price assessment, with a supply squeeze coupled with strong demand for cobalt broken cathodes and briquettes for chemical applications at the core of new higher prices. Metal Bulletin assessed benchmark low-grade cobalt prices at $38-39.30 per lb, in-warehouse on Friday February 16, up by 25 cents on the low end of the range...Read More
The European antimony market continued to be supported last week by tightening supplies in Rotterdam while activity in the Chinese market slowed down due to the week-long Lunar New Year holidays.Metal Bulletin assessed MMTA standard grade II antimony in-warehouse Rotterdam prices at $8,400-8,700 per tonne on Friday February 16, unchanged from Wednesday when prices had moved up from $8,400-8,6...Read More
Turkish steel producers continued their deep-sea scrap purchases at the end of last week, which resulted in a rise in the daily scrap indices on Monday February 19....Read More
Turkish domestic prices for steel scrap have gone up slightly over the past week, in line with rising imported scrap costs, sources said on Monday February 19.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) was TRY1,260-1,390 ($336-370) per tonne delivered on Monday, widening upward from last week's TRY1,260-1,385 per tonne.The change in the weekly assessment ca...Read More
Import prices for containerized heavy melting scrap (HMS) in Taiwan were stable last week on thin trading due to a major holiday in the territory. Metal Bulletin's assessment of import prices for United States-origin HMS 1&2 (80:20) into Taiwan was $320-325 per tonne cfr for the week ended Friday February 16, the same as a week...Read More
Non-ferrous metals producer Korea Zinc will increase sales of zinc from its directly owned smelting assets in 2018 by 8%, or 50,000 tonnes, while reducing its lead and silver volumes, it said on February 8.The company plans to cut sales of lead by 10,000 tonnes to a total of 410,000 tonnes, and to reduce silver sales by 10%, or 216 tonnes, to 1,900 tonnes.Zinc sales will increase to an annual tota...Read More
The metals complex on the London Metal Exchange is down an average of 0.1%, with the exceptions of aluminium that is off 0.6% ($2,186 per tonne) and nickel that is up 0.8% ($13,775 per tonne). Copper prices are off 0.1% at $7,177 per tonne. Volumes have been light with 2,354 lots traded as of 07:53 am London time. This follows a mixed performance on Friday when aluminium and tin prices were up 2.1...Read More
Prices in the Commonwealth of Independent States' export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) have gone up again amid low availability of March-rolled material."Material allocation is very limited and producers are not ready to negotiate," one trader told Metal Bulletin.Metal Bulletin's weekly price assessment for CIS-origin HRC exports was $585-600 per tonne fob Black Sea...Read More
Import prices for re-rolling-grade hot-rolled coil sold into Vietnam were unchanged over the past week amid inactivity in the spot market.Metal Bulletin's assessment of HRC import prices in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $607-620 per tonne cfr for the week ended Monday February 19, unchanged...Read More
The Mexican government must look into the reciprocal sanctions it can take against the United States if it is included in action resulting from that country's Section 232 investigation into steel imports, national steel association Canacero has said."If [Mexico] is included in measures [resulting from the Section 232 investigation], we are obliged as a country to respond immediately with equivalen...Read More
Domestic Chinese trading is preparing for a shake-up after the new International Energy Exchange (INE), a subsidiary of the Shanghai Futures Exchange (SHFE), has announced it will allow non-Chinese companies to trade crude oil futures contracts.Following the release of a one-line statement from the China Securities Regulatory Commission (CSRC) on February 9 that announced the launch of domestic cr...Read More
Export prices for rebar and wire rod in the CIS region rose in the week ended Monday February 19 because of increased costs for semi-finished steel products.The market was supported by positive dynamics in the scrap and long steel product sectors in Turkey.Metal Bulletin's weekly price assessment for CIS rebar exports was $565-580 per tonne fob Black Sea on February 19, up from $555-560 per tonne...Read More
Metal Bulletin has discontinued its weekly domestic China pig iron price.After a consultation period, Metal Bulletin has suspended the price due to lack of liquidity in the market amid the growth of integrated steel mills in China. If you have any comments on the discontinuation please contact July Zhang by email at: pricing@metalbulletin.com. Please add the subject heading FAO: July Zhang, re: do...Read More
Turkish steel producers continued their deep-sea scrap purchases at the end of last week, which resulted in a rise in the daily scrap indices on Monday February 19....Read More
Domestic Chinese trading is preparing for a shake-up after the new International Energy Exchange (INE), a subsidiary of the Shanghai Futures Exchange (SHFE), has announced it will allow non-Chinese companies to trade crude oil futures contracts.Following the release of a one-line statement from the China Securities Regulatory Commission (CSRC) on February 9 that announced the launch of domestic cr...Read More
CIS export billet prices continued climbing in the week ending Monday February 19 as deals were heard concluded at higher prices, supported by positive dynamics in the scrap and finished long steel sector.Metal Bulletin's weekly export CIS Billet Index was $513 per tonne fob Black Sea on February 19, up from $498 per tonne fob.Buying activity was predominantly concentrated in the Turkish mark...Read More
The Mexican government must look into the reciprocal sanctions it can take against the United States if it is included in action resulting from that country's Section 232 investigation into steel imports, national steel association Canacero has said."If [Mexico] is included in measures [resulting from the Section 232 investigation], we are obliged as a country to respond immediately with equivalen...Read More
Domestic Chinese trading is preparing for a shake-up after the new International Energy Exchange (INE), a subsidiary of the Shanghai Futures Exchange (SHFE), has announced it will allow non-Chinese companies to trade crude oil futures contracts.Following the release of a one-line statement from the China Securities Regulatory Commission (CSRC) on February 9 that announced the launch of domestic cr...Read More