Prices for light iron scrap in the United Kingdom have dropped at the top end of their price range over the past week, with monthly settlements for deliveries to consumers in September set to follow, sources told Metal Bulletin on Friday September 7.The move down in the weekly inter-merchant light iron price follows a decline in supplier offer prices in the UK market after a fall in demand from ke...Read More
Steel scrap prices in the major markets have continued to rise in line with the revival in Turkish buying during the working week from Monday September 3 to Friday September 7.Export prices for scrap out of the United States have strengthened with a number of deep-sea cargoes sold to Turkey and to Vietnam.Turkey importsTurkish steel producers have booked at least nine deep-sea cargoes over the pas...Read More
Prices for ferrous scrap imported into India have increased over the past week, supported by good demand, sources told Metal Bulletin on Friday September 7.But despite the demand for both finished steel and ferrous scrap, buyers were cautious about making new deals because of the fluctuations in the exchange rate for the Indian rupee.Metal Bulletin's weekly index for containerized imports of shred...Read More
No deals were heard in the market for exports of steel billet from the Commonwealth of Independent States during week ended Friday September 7 because buyers were rejecting higher offer prices from mills.Metal Bulletin's daily CIS export billet index was $476 per tonne fob on September 7, up by $1 per tonne day-on-day.Offers of October-rolled billet from exporters in the Black Sea region were hear...Read More
China's domestic rebar prices moved up on Friday September 7 following gains in the billet and futures markets.Domestic Eastern China (Shanghai): 4,500-4,560 yuan ($658-667) per tonne, up 50-70 yuan per tonneNorthern China (Beijing): 4,350-4,380 yuan per tonne, up 20 yuan per tonneA few mills in Tangshan were censured by local authorities for restarting blast furnaces that had been idled in August...Read More
Base prices for both flat and long stainless steel products in Europe were unchanged in the week ended Friday September 7, but mills and distributors were offering material from stock at large discounts ahead of an expected fall in the alloy surcharge for October deliveries.Metal Bulletin's weekly domestic base price assessment for 2mm, grade-304 cold-rolled (CR) stainless steel sheet in Northern...Read More
ArcelorMittal has reached a provisional labor agreement with Italian trade unions regarding the acquisition of the country's flat steel producer Ilva."There is now a clear path toward closing the transaction and starting the important work of rehabilitating Ilva," Aditya Mittal, president, chief financial officer and chief executive officer of ArcelorMittal Group, said on Thursday September 6. "We...Read More
No deals were heard in the market for exports of steel billet from the Commonwealth of Independent States during week ended Friday September 7 because buyers were rejecting higher offer prices from mills.Metal Bulletin's daily CIS export billet index was $476 per tonne fob on September 7, up by $1 per tonne day-on-day.Offers of October-rolled billet from exporters in the Black Sea region were hear...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Lead prices on the London Metal Exchange were up around 2% at the close of trading on Friday September 7 while aluminium gained 1.4% on news that industrial action at Alcoa's alumina operations in Western Australia is set to continue. After more than 7,000 tonnes of material were booked for removal on Friday morning, three-month lead regained most of the losses made by Thursday's close. Marginal u...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The latest metal markets news and price moves to start the North American day on Friday September 7.The prices of base metals on the London Metal Exchange were mixed in morning trading on Friday, with slight upticks in aluminium, lead and tin prices being at odds with a fresh 2018 low in three-month nickel prices.Over the course of the week, nickel's three-month price has lost just under 5%, under...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Friday September 7.Base metals prices on the Shanghai Futures Exchange were split into two camps during Asian morning trading on Friday, with copper, zinc and lead edging higher, while the rest were little changed to weaker.The mixed performance by the base metals comes amid heightened risk-of...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week. Base metalsWorkers at Alcoa's alumina and bauxite operations in Western Australia have voted to extend industrial action, with around 80% of members rejecting a proposed workplace agreement, the Australian Workers Union (AWU) said in a statement on Friday September 7.Shanghai zinc premiums touc...Read More
Lead prices on the London Metal Exchange were up around 2% at the close of trading on Friday September 7 while aluminium gained 1.4% on news that industrial action at Alcoa's alumina operations in Western Australia is set to continue. After more than 7,000 tonnes of material were booked for removal on Friday morning, three-month lead regained most of the losses made by Thursday's close. Marginal u...Read More
Seaborne iron ore trading stayed relatively active on Friday September 7 after mainstream Australian fines changed hands in deals with no discount a day earlier.Metal Bulletin 62% Fe Iron Ore Index: $68.48 per tonne cfr Qingdao, up by $0.09 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $67.51 per tonne cfr Qingdao, up by $0.09 per tonne.Metal Bulletin 62% Fe Iron Ore Index, Low Alumin...Read More
Premium hard coking coal prices moved up on Friday September 7, with traders continuing to drive buying activity.A transaction involving a cargo of premium materials was sold at $192 per tonne fob Australia on Global Coal on Friday, $5 per tonne higher than the last trade involving a cargo in the same bracket on the platform on Tuesday.A transaction involving a cargo of premium mid-vol hard coking...Read More
Metal Bulletin rounds up some of the key news and price moves across the global metal markets this week. Base metalsWorkers at Alcoa's alumina and bauxite operations in Western Australia have voted to extend industrial action, with around 80% of members rejecting a proposed workplace agreement, the Australian Workers Union (AWU) said in a statement on Friday September 7.Shanghai zinc premiums touc...Read More
Prices for light iron scrap in the United Kingdom have dropped at the top end of their price range over the past week, with monthly settlements for deliveries to consumers in September set to follow, sources told Metal Bulletin on Friday September 7.The move down in the weekly inter-merchant light iron price follows a decline in supplier offer prices in the UK market after a fall in demand from ke...Read More
The US Midwest aluminium premium widened at the low end this week, amid talk of discounts because of falling scrap prices.American Metal Market's latest assessment of the P1020 spot premium placed it at 20.5-21 cents per lb, the low end down slightly from 20.75-21 cents per lb in the Friday August 31 assessment. Reports of deals made below published premiums suggest that the scant amount...Read More