Import prices for rebar in Singapore were stable over the past week with transactions still being negotiated at levels similar to those a week earlier. Metal Bulletin's assessment of import prices for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $535-545 per tonne cfr for the week to Monday September 10, unchanged from the precedin...Read More
The Turkish steel producers were inactive in the deep-sea scrap market at the start of this week because they were digesting the latest transactions, sources said on Monday September 10.The mills in the country have booked at least nine deep-sea cargoes over the past week, totaling more than 240,000 tonnes.But they need to make sure that rebar export sales will continue if they are to book more de...Read More
Turkish domestic scrap prices have continued to climb over the past week, due to firm demand for the material, sources said on Monday September 10.Metal Bulletin's weekly price assessment for auto bundle (DKP grade) ferrous scrap was TRY1,750-2,020 ($273-315) per tonne delivered, up from last week's TRY1,700-1,838 per tonne.The increase in the assessment came after steel mills and a major scrapyar...Read More
Physical iron ore trading was lackluster on Monday September 10, although some index-linked cargoes of Australian fines were traded at slightly improved prices.Metal Bulletin 62% Fe Iron Ore Index: $67.81 per tonne cfr Qingdao, down by $0.67 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $66.84 per tonne cfr Qingdao, down by $0.67 per tonne.Metal Bulletin 62% Fe Iron Ore Index Low Alum...Read More
Brazilian slab export prices fell last week in deals in North America and in rumored offers to Asia.Metal Bulletin's weekly assessment of Brazil's slab export prices dropped to $520-540 per tonne fob on Friday September 7, from $520-565 per tonne fob a week before.Deals and bids involving Brazil-origin slab in the United States were reported within the range of $530-540 per tonne fob, while prices...Read More
The market for exports of steel billet from the Commonwealth of Independent States improved on Monday September 10 when trading activity resumed after the weekend at higher prices because of better market sentiment.Metal Bulletin's daily CIS export billet index was $482 per tonne fob on September 10, up from $476 per tonne fob on September 7.One deal was heard at $480 per tonne fob Black Sea to No...Read More
Import prices for rebar in Singapore were stable over the past week with transactions still being negotiated at levels similar to those a week earlier. Metal Bulletin's assessment of import prices for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical weight basis - was $535-545 per tonne cfr for the week to Monday September 10, unchanged from the precedin...Read More
The Chinese ferro-silicon market has dropped in the week to Friday September 7 ahead of the imminent arrival of new cargoes of alloy and expected winter steel production cut, while the price spread has widened in Europe amid illiquid trading conditions. China market pressured on expected renewed supply Consumption in focus as steel cuts loom Europe awaits new deals as price range wide...Read More
Imported UG2 ore prices rose on Friday September 7 while charge chrome quotations remained stable and China's domestic spot alloy price slipped in Metal Bulletin's latest pricing sessions. Restocking halts ore and alloy import price falls in ChinaDemand slows in Chinese domestic spot marketSouth Korea and Japan markets stableHigh-carbon imports into Europe, US unmoved The UG2 chrome ore market ap...Read More
Export prices for Chinese ammonium paratungstate (APT) and ferro-tungsten fell further in the week ended Friday September 7 amid lower domestic prices and lackluster demand from overseas markets, while market prices in Europe were unchanged in a slow week there. Fob China ammonium paratungstate prices were under continued pressure due to sluggish demand from overseas markets and falls in domestic...Read More
Seaborne iron ore concentrate prices rose on active buying while domestic supply thins.Metal Bulletin's weekly 66% Fe Iron Ore Index cfr China stood at $98.74 per tonne last Friday, up $3.43 per tonne.The daily 65% Fe Iron Ore Index averaged $95.48 per tonne cfr China last week, compared with an average of $94.04 per tonne cfr China the previous week. With limited supply in the Chinese market, som...Read More
Aluminium prices on the London Metal Exchange were higher at the close of trading on Monday September 10, supported by continued uncertainty about supply flows while US sanctions against Russian producer Rusal keep investors cautious.With total on-warrant aluminium stocks dwindling to their lowest level since July 2007 at 765,025 tonnes, the three-month aluminium price has largely ignored underlyi...Read More
The export market for hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States remained weak as buyers continued to show little interest in bookings. Metal Bulletin's weekly price assessment for CIS-origin HRC exports was unchanged at $535-545 per tonne fob Black Sea on Monday September 10."There is no reason for price increase, Chinese market is weak, consuming...Read More
Brazilian slab export prices fell last week in deals in North America and in rumored offers to Asia.Metal Bulletin's weekly assessment of Brazil's slab export prices dropped to $520-540 per tonne fob on Friday September 7, from $520-565 per tonne fob a week before.Deals and bids involving Brazil-origin slab in the United States were reported within the range of $530-540 per tonne fob, while prices...Read More
The market for exports of steel billet from the Commonwealth of Independent States improved on Monday September 10 when trading activity resumed after the weekend at higher prices because of better market sentiment.Metal Bulletin's daily CIS export billet index was $482 per tonne fob on September 10, up from $476 per tonne fob on September 7.One deal was heard at $480 per tonne fob Black Sea to No...Read More
The latest metal markets news and price moves to start the North American day on Monday September 10.Base metals prices on the London Metal Exchange drifted mostly lower during morning trading capped by a downtrend in Asian equity markets amid continued risk aversion due to escalating US-Sino trade tensions.Here is how base metals prices...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday September 10.Base metals prices on the Shanghai Futures Exchange registered gains across the board during Asian morning trading on Monday, following the release of better-than-expected trade data from China over the weekend despite deteriorating relations with the United States. Check M...Read More
Aluminium prices on the London Metal Exchange were higher at the close of trading on Monday September 10, supported by continued uncertainty about supply flows while US sanctions against Russian producer Rusal keep investors cautious.With total on-warrant aluminium stocks dwindling to their lowest level since July 2007 at 765,025 tonnes, the three-month aluminium price has largely ignored underlyi...Read More
Physical iron ore trading was lackluster on Monday September 10, although some index-linked cargoes of Australian fines were traded at slightly improved prices.Metal Bulletin 62% Fe Iron Ore Index: $67.81 per tonne cfr Qingdao, down by $0.67 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $66.84 per tonne cfr Qingdao, down by $0.67 per tonne.Metal Bulletin 62% Fe Iron Ore Index Low Alum...Read More
Metal Bulletin launched two daily low-vol pulverized coal injection (PCI) indices on Monday September 10 in response to market feedback on the need for references tracking this segment of the coking coal market.Metal Bulletin's cfr China Low-vol PCI Index stood at $141.05 per tonne during the day, while the fob Australia index was at $129.89 per tonne."There is appetite in China for mid-vol PCI th...Read More