The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Iron oreBeijing Iron Ore Trading Center (Corex), joint cargo, 50,000 tonnes of 61% Fe Jimblebar fines and 120,000...Read More
China's ferrous futures stayed rangebound in morning trading on Wednesday December 26 amid a lingering holiday atmosphere.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,407 yuan ($494) per tonne, up 5 yuan per tonne May hot rolled coil: 3,366 yuan per tonne, unchanged Dalian Commodity Exchange May iron ore: 490 yuan per tonne, up 1 yuan per tonne May coking coal: 1...Read More
Comex copper prices recovered during mid-week trading, with shallow trading temporarily benefiting the base metals complex.The copper price for March settlement on the Comex division of the New York Mercantile Exchange rose 3.75 cents to $2.6985 per lb.Markets are expected...Read More
Ferro-chrome and chrome ore prices in China were unchanged in the week ended Friday December 21 amid low liquidity while market participants awaited January ferro-chrome tender prices from major Chinese stainless steel mills. Ferro-chrome, chrome ore prices in China unchangedJapanese, South Korean ferro-chrome prices stallHigh-carbon ferro-chrome prices decline in EuropeUS high-carbon ferro-chrome...Read More
Another wild day, this time in a bullish way! The Dow Jones Industrial Average advanced 1,086.25, an all-time record daily point gain. U.S. equity index shook off early weakness with a gain of 5%.Strongest sector/subsector was energy thanks to an 8.68% jump in the price of WTI Crude Oil StockTwits Released Yesterday @EquityClockTechnical action by S&P 500 stocks to 10:00: Quietly bearish....Read More
Base metals prices on the Shanghai Futures Exchange during Asian morning trading on Tuesday December 25 were broadly down led by nickel amid bearishness from a challenging macro-economic environment."The main factor pushing down base metals is the volatile macro-economic environment; last week the US Federal Reserve decided to raise interest rates again and there's still uncertainty over the...Read More
China's hot-rolled coil prices fell on Tuesday December 25 following plunges in the global financial markets with participants bearish on the macro-economic outlook, although exporters kept offer prices high due to a lack of urgency to sell.DomesticEastern China (Shanghai): 3,740-3,760 yuan ($542-545) per tonne, down 50 yuan per tonneNorthern China (Tianjin): 3,650-3,670 yuan per tonne,...Read More
China's ferrous futures dropped in morning trading on Tuesday December 25. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,368 yuan ($488) per tonne, down 51 yuan per tonne May hot rolled coil: 3,354 yuan per tonne, down 38 yuan per tonne Dalian Commodity Exchange May iron ore: 483 yuan...Read More
China's domestic rebar prices dropped on Tuesday December 25 amid weak demand on lower futures. Domestic Eastern China (Shanghai): 3,740-3,780 yuan ($542-548) per tonne, down 40 yuan per tonne Northern China (Beijing): 3,610-3,650 yuan per tonne, widened down 10 yuan per tonneRebar futures remained lower than Monday's settlement price of 3,465 yuan per tonne throughout Tuesday's tra...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. ...Read More
China's ferrous futures dropped in morning trading on Tuesday December 25. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,368 yuan ($488) per tonne, down 51 yuan per tonne May hot rolled coil: 3,354 yuan per tonne, down 38 yuan per tonne Dalian Commodity Exchange May iron ore: 483 yuan...Read More
China's domestic rebar prices dropped on Tuesday December 25 amid weak demand on lower futures. Domestic Eastern China (Shanghai): 3,740-3,780 yuan ($542-548) per tonne, down 40 yuan per tonne Northern China (Beijing): 3,610-3,650 yuan per tonne, widened down 10 yuan per tonneRebar futures remained lower than Monday's settlement price of 3,465 yuan per tonne throughout Tuesday's tra...Read More
Turkey produced 3.10 million tonnes of crude steel in November 2018, a 2.1% decrease compared with November 2017, according to the Turkish Steel Producers Association (T???oeD).In January-November 2018, crude steel production in the country was 34,429,000 tonnes, a 0.51% year-on-year rise compared with 34,256,000 tonnes produced in January-November 2017, T???oeD said last week.The country produced...Read More
Brazil's apparent steel consumption increased by 6.90% year on year in November, to 1.70 million tonnes, mostly due to an improved performance in the flat steel sector, according to the national steel association A??o Brasil.Apparent consumption of flat steel products grew by 11.70% in the same comparison, to 1.10 million tonnes, while long steel use declined by 0.80% year-on-year, to 606,000 tonn...Read More
Fastmarkets MB hosted the 22nd Middle East Iron & Steel conference in Dubai last week. Here are five things we learned...1 High-grade iron ore derivative will be an important tool for Middle East DRI industry A world-first 65% iron ore derivative launched by the Singapore Exchange in early December was hailed as an important hedging tool for the Middle East direct-reduced ironmaking (DRI) industry...Read More
China's hot-rolled coil prices fell on Tuesday December 25 following plunges in the global financial markets with participants bearish on the macro-economic outlook, although exporters kept offer prices high due to a lack of urgency to sell.DomesticEastern China (Shanghai): 3,740-3,760 yuan ($542-545) per tonne, down 50 yuan per tonneNorthern China (Tianjin): 3,650-3,670 yuan per tonne,...Read More
China's domestic rebar prices dropped on Tuesday December 25 amid weak demand on lower futures. Domestic Eastern China (Shanghai): 3,740-3,780 yuan ($542-548) per tonne, down 40 yuan per tonne Northern China (Beijing): 3,610-3,650 yuan per tonne, widened down 10 yuan per tonneRebar futures remained lower than Monday's settlement price of 3,465 yuan per tonne throughout Tuesday's tra...Read More
Base metals prices on the Shanghai Futures Exchange during Asian morning trading on Tuesday December 25 were broadly down led by nickel amid bearishness from a challenging macro-economic environment."The main factor pushing down base metals is the volatile macro-economic environment; last week the US Federal Reserve decided to raise interest rates again and there's still uncertainty over the...Read More
China's ferrous futures dropped in morning trading on Tuesday December 25. Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,368 yuan ($488) per tonne, down 51 yuan per tonne May hot rolled coil: 3,354 yuan per tonne, down 38 yuan per tonne Dalian Commodity Exchange May iron ore: 483 yuan...Read More
It's been nine months since the United States announced Section 232 tariffs, and over six months since a 10% tax was applied to imports of aluminium from Canada, Mexico and the European Union. There's been a huge debate over how successful the tariffs - imposed on the grounds of national security and also applied at a 25% rate to steel - have been. Much depends on who you talk to, and what their s...Read More