Base Metal Stocks Articles

Vietnam HRC import prices slide after Russia's MMK lowers offers

September 24, 2018 / Paul Lim

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

RUSSIA REBAR: Market softens on signs of weakening demand

September 24, 2018 / Marina Shulga

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 LONG STEEL: Prices soften as Turkish market weakens

September 24, 2018 / Vlada Novokreshchenova

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 drop on lower Ukrainian offers

September 24, 2018 / Paul Lim

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

DAILY SCRAP REPORT: Mills struggle with weak rebar demand, tight scrap supply

September 24, 2018 / Cem Turken

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

TURKEY FERROUS SCRAP: Auto bundle, ship scrap prices show mixed dynamics

September 24, 2018 / Cem Turken

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 DAILY: Seaborne market muted amid China Holiday

September 24, 2018 / Alex Theo

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 drops, consumption rises in August

September 24, 2018 / Felipe Peroni

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

Most ferro-chrome market sources predict 15-cent drop in ferro-chrome benchmark

September 24, 2018 / Janie Davies

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 drops, consumption rises in August

September 24, 2018 / Felipe Peroni

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 drops, consumption rises in August

September 24, 2018 / Felipe Peroni

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

RUSSIA REBAR: Market softens on signs of weakening demand

September 24, 2018 / Marina Shulga

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

LIVE FUTURES REPORT 24/09: LME zinc price firm, nickel prices suffer; new US-Sino tariffs dent sentiment

September 24, 2018 / Hassan Butt

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

CIS FLAT STEEL: Coil prices down on reports of oversupply issues

September 24, 2018 / Marina Shulga

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

NORTH AMERICAN MORNING BRIEF 24/09: Kyen founder leaves company; cobalt makes steady gains; APT prices recover

September 24, 2018 / Alice Mason

The latest metal markets news and price moves to start the North American day on Monday September 24. ...Read More

EUROPEAN MORNING BRIEF 24/09: Heightened trade tensions sink LME base metals; US extends Rusal deadline; Europe ali scrap prices dragged lower

September 24, 2018 / Mia Aureus

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

LIVE FUTURES REPORT 24/09: LME zinc price firm, nickel prices suffer; new US-Sino tariffs dent sentiment

September 24, 2018 / Hassan Butt

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

LIVE FUTURES REPORT 25/09: Comex copper hits 3-day rally to open week

September 24, 2018 / Dalton Barker

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 DAILY: Seaborne market muted amid China Holiday

September 24, 2018 / Alex Theo

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

DAILY SCRAP REPORT: Mills struggle with weak rebar demand, tight scrap supply

September 24, 2018 / Cem Turken

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

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