A safeguard investigation begun by the Eurasian Economic Commission (EEC) was started primarily to protect the Russian market from imports originating in Ukraine, market sources have told Metal Bulletin.The EEC started a safeguard case investigating imported hot-rolled (HR), cold-rolled (CR) and coated flat steel on August 7. This was to prevent the redirection of imports from the United States an...Read More
Domestic prices for mesh-quality wire rod produced and delivered in Europe remained unchanged over the week, amid low market activity, sources told Metal Bulletin on Wednesday August 22....Read More
The following Metal Bulletin noble alloys and ores prices changed on Wednesday August 22:...Read More
Key data from the Wednesday August 22 pricing session in Europe. ...Read More
The depreciation of the South African rand since early August has sparked a debate in the chrome ore market over whether South African suppliers should be expected to cut offers prices into China. ...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Wednesday August 22.Base metals prices on the Shanghai Futures Exchange were mostly down during Asian morning trading on Wednesday August 22, after President Donald Trump's negative commentary on upcoming trade negotiations with China. Check Metal Bulletin's live futures report here. LME snaps...Read More
U.S. equity index futures moved lower this morning. S&P 500 futures dropped 8 points in pre-opening trade. Index futures responded to the overnight conviction of Paul Manafort and the plea agreement reached by Michael Cohen.The Canadian Dollar was virtually unchanged following release of June Canadian Retail Sales at 8:30 AM EDT. Consensus was a drop of 0.2% versus a revised gain of 2.2% in Ma...Read More
The 300-series stainless steel scrap prices continue to drive downward in the United States while nickel fluctuates in the mid-$6-per-lb range, the intrinsic value of chrome threatens to fall and iron values remain flat....Read More
US ferrous scrap export prices have fallen significantly since late June, with sales to Turkey and India cementing the market at $300 per tonne cfr for an 80:20 mix of No 1 and No 2 heavy melting scrap (HMS). ...Read More
Turkish steel producers concluded a third day without trading due to the religious holiday of Eid al-Adha on Wednesday August 22, with some fearing that traders may not come back to the market until September....Read More
China's ferrous futures largely trended upward during morning trading on Wednesday August 22, with the coking coal and coke contracts gaining the most on percentage basis....Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday August 22*...Read More
Base metals prices were mixed on the London Metal Exchange on the morning of Wednesday August 22, with weakness seen in copper,lead and zinc, while nickel and tin prices increased and aluminium remained unchanged. Copper was down by 0.6%, lead down 0.2% and zinc down 0.9%, while nickel was up 0.8% and tin up 0.3%. Three-month copper prices were recently quoted at $6,027 per tonne.Vo...Read More
Base metals prices on the Shanghai Futures Exchange were mostly down during Asian morning trading on Wednesday August 22, after President Donald Trump's negative commentary on upcoming trade negotiations with China....Read More
The following Metal Bulletin minor metals prices changed on Wednesday August 22:...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Minor metals suppliers are moving indium and other minor metals into the United States in anticipation they will be swept up in US President Trump's burgeoning trade war with China. "We have been shipping indium into the US because of the threat of duties," one trader told Metal Bulletin. "We sell a lot of indium in the US, and almost all of it comes from China." The US first imposed sweeping tari...Read More
The following Metal Bulletin UK non-ferrous scrap and foundry ingot prices changed on Wednesday August 22:...Read More
The depreciation of the South African rand since early August has sparked a debate in the chrome ore market over whether South African suppliers should be expected to cut offers prices into China. ...Read More
The depreciation of the South African rand since early August has sparked a debate in the chrome ore market over whether South African suppliers should be expected to cut offers prices into China. ...Read More