Prices for steel billet in the major markets showed mixed dynamics during the working week to Friday September 21. Weak demand drove prices down in the Chinese export, Southeast Asian import and Turkish domestic and export markets.However, tightening supply in the Commonwealth of Independent States region pushed prices up in the CIS export and Turkish import markets.ChinaPrices for billet in the C...Read More
Prices for steel billet in the major markets showed mixed dynamics during the working week to Friday September 21. Weak demand drove prices down in the Chinese export, Southeast Asian import and Turkish domestic and export markets.However, tightening supply in the Commonwealth of Independent States region pushed prices up in the CIS export and Turkish import markets.ChinaPrices for billet in the C...Read More
The prices of base metals on the London Metal Exchange were predominantly lower at the close of trading on Monday September 24, broadly capped by weakening investor sentiment amid another round of US-imposed tariffs on approximately $200 billion worth of Chinese goods....Read More
Comex copper prices maintained Friday's surge during morning trading on September 24 in the US, with a softer dollar supporting the red metal amid ongoing concerns of a long-term trade war between the US and China....Read More
An investigation committee deciding the fate of the 400,000 tonne per year Tuticorin copper smelter said the majority of representatives supported its closure, according to local media reports on Sunday September 23. ...Read More
Manganese ore prices have been boosted by expectations of increased demand for alloy after the Chinese government issued new standards for steel products to take effect in November....Read More
The majority of European ferro-chrome market participants expect the ferro-chrome benchmark price to drop for the fourth quarter, with predictions for the settlement coming in at $1.23 per lb on average. Such a reduction would represent a fall of $0.15 per lb or 9.2% for the fourth quarter compared with the third quarter price of $1.38, which was in itself a 2.8% or 4 cent reduction from the secon...Read More
Manganese ore prices have been boosted by expectations of increased demand for alloy after the Chinese government issued new standards for steel products to take effect in November....Read More
An investigation committee deciding the fate of the 400,000 tonne per year Tuticorin copper smelter said the majority of representatives supported its closure, according to local media reports on Sunday September 23. ...Read More
The majority of European ferro-chrome market participants expect the ferro-chrome benchmark price to drop for the fourth quarter, with predictions for the settlement coming in at $1.23 per lb on average. Such a reduction would represent a fall of $0.15 per lb or 9.2% for the fourth quarter compared with the third quarter price of $1.38, which was in itself a 2.8% or 4 cent reduction from the secon...Read More
Key data from the pricing sessions in London and Shanghai on Friday September 21. ...Read More
Cobalt prices made steady gains in the spot market last week, supported by a continuous stream of post-summer consumer purchases. Metal Bulletin assessed low-grade cobalt prices at $33.50-34.25 per lb on Friday September 21, stable compared with the midweek assessment, and up from $33.35-34.10 per lb a week earlier. High-grade cobalt prices ended last week at $33.60-34.50 per lb, in-ware...Read More
Turkish long steel mills are continuing to struggle with weak finished steel demand and tight scrap supply, sources said on Monday September 24....Read More
Turkish domestic scrap prices moved in different directions over the past week with auto bundle scrap prices going down while ship scrap prices rose, sources said on Monday September 24....Read More
Comex copper prices maintained Friday's surge during morning trading on September 24 in the US, with a softer dollar supporting the red metal amid ongoing concerns of a long-term trade war between the US and China....Read More
Three-month base metals prices on the London Metal Exchange were initially unchanged to weaker on the morning of Monday September 24, with prices down by an average of 0.5%. Trading had been quiet with Chinese and Japanese markets closed for holidays, but prices firmed after European trading picked up.Nickel led the decline with a 1.4% drop, followed by lead and zinc - which were off either side o...Read More
Manganese ore prices have been boosted by expectations of increased demand for alloy after the Chinese government issued new standards for steel products to take effect in November....Read More
Cobalt prices made steady gains in the spot market last week, supported by a continuous stream of post-summer consumer purchases. Metal Bulletin assessed low-grade cobalt prices at $33.50-34.25 per lb on Friday September 21, stable compared with the midweek assessment, and up from $33.35-34.10 per lb a week earlier. High-grade cobalt prices ended last week at $33.60-34.50 per lb, in-ware...Read More
Brazilian crude steel production decreased by 3.70% year on year in August, while apparent steel consumption grew by 11.40% in the same comparison, according to national steel association A??o Brasil. ...Read More
Export prices for hot-rolled coil (HRC) from the Commonwealth of Independent States have softened again because of oversupply, Metal Bulletin heard on Monday September 24....Read More