Vietnamese HRC import prices fell this week after Russia's Magnitogorsk Iron & Steel Works (MMK) lowered its offer prices for re-rolling-grade hot-rolled coil.Metal Bulletin's weekly price assessment for HRC imports in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $570-580 per tonne for the week ending Monday September 24, down from...Read More
The steel rebar market in Russia's Central Federal District, the major steel-consuming region in the country, has started to show signs of softening on lower demand from end-users....Read More
CIS export wire rod and rebar prices decreased in the week ended Monday September 24, on the downtrend in the Turkish market that is being driven by modest demand in both the export and domestic markets....Read More
Singapore rebar import prices dropped over the past week after traders started offering Ukrainian rebar at prices below Turkish and Qatari offers.Ukrainian rebar offer prices were at $530 per tonne cfr Singapore on Monday September 24, while Turkish and Qatari rebar was on offer at $540 per tonne cfr Singapore.Market sources said negotiation levels were at $530 per tonne cfr Singapore, tracking th...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
Iron ore prices were flat on Monday September 24 due to a public holiday in China.Metal Bulletin 62% Fe Iron Ore Index: $69.13 per tonne cfr Qingdao, unchanged.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $68.16 per tonne cfr Qingdao, unchanged.Metal Bulletin 62% Fe Iron Ore Index Low Alumina: $75.07 per tonne cfr Qingdao, unchanged.Metal Bulletin 58% Fe Premium Index: $56.14 per tonne cfr Qin...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
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
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
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
The steel rebar market in Russia's Central Federal District, the major steel-consuming region in the country, has started to show signs of softening on lower demand from end-users....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
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
The latest metal markets news and price moves to start the North American day on Monday September 24. ...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday September 24.Three-month base metals prices on the London Metal Exchange were down across the board during early trading on Monday, with a ratcheting up of global trade tensions sapping the positivity seen in the market last week.The base metals' weaker showing this morning follows Chin...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
Iron ore prices were flat on Monday September 24 due to a public holiday in China.Metal Bulletin 62% Fe Iron Ore Index: $69.13 per tonne cfr Qingdao, unchanged.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $68.16 per tonne cfr Qingdao, unchanged.Metal Bulletin 62% Fe Iron Ore Index Low Alumina: $75.07 per tonne cfr Qingdao, unchanged.Metal Bulletin 58% Fe Premium Index: $56.14 per tonne cfr Qin...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