Following extensive market engagement, Metal Bulletin has decided to extend the consultation period for the proposal to split Metal Bulletin's 0.10% C low-carbon ferro-chrome Europe price specification to provide additional time for feedback. At present, Metal Bulletin includes all price points for low-carbon ferro-chrome with a carbon and chromium content of 0.10% and 60-70% chrome respectively i...Read More
Exporters of hot-rolled coil (HRC) and cold-rolled coil (CRC) from the Commonwealth of Independent States intend to increase their prices for September-rolling products, but demand remains seasonally low, sources said....Read More
Global aluminium producer Alcoa has filed a number of product exclusion applications with the US Department of Commerce, requesting a one-year exemption from the country's Section 232 tariffs on imports of certain primary aluminium alloyed slab produced in Canada....Read More
The London Metal Exchange has approved the listing of an Edgemere Terminals warehouse in Baltimore, eight months after the company ceased operating in the United States, the LME said in a note to members on Monday August 6. ...Read More
Electric vehicles are exerting a significantly disruptive effect on the automotive industry and will transform the sector over the next five years, according to analytics firm GlobalData....Read More
Metal Bulletin is running a one-month consultation to seek feedback on whether to keep or amend the minimum tonnage used in the assessments of its zinc premiums for European countries. At present, Metal Bulletin publishes four weekly assessments for European zinc premiums: Zinc SHG ingot FCA duty-paid Rotterdam Zinc SHG ingot FCA duty-paid Antwerp Zinc SHG ingot FCA duty-paid Italy Zinc SHG ingot...Read More
Comex copper prices were once again under pressure on Monday August 6 with trade worries and escalating tariffs sinking the base metals complex. ...Read More
China announced a 10% tariff on US lead ores and concentrates, which took up one-sixth of its imports last year, a move that could possibly exacerbate the tightness of lead raw material supply, according to a release by China's Ministry of Finance last Friday....Read More
Plate prices in the United States have inched down on divided sentiment about whether the market has peaked....Read More
Russia's Novolipetsk Steel (NLMK) is testing potential new supplies of steel slab to its assets in the United States, after a 25% import tariff was imposed on deliveries of its own semi-finished product from Russia....Read More
The latest metal markets news and price moves to start the North American day on Monday August 6. Base metals on the London Metal Exchange were lower across the board during morning trading on Monday August 6, limited by a firm uptick in the dollar index while the market continues to adjust to intensifying United States-China trade relations.Edging lower over the morning, zinc's three-month price...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. ...Read More
While August traditionally sees markets enter the summer lull, action so far has been far from slow while increasingly fractious US-China trade relations drive volatility higher. No let-up is expected any time soon after China's finance ministry unveiled retaliatory tariffs on $60 billion of goods from the United States and accused the country of blackmail. As a result, July trade figures from Chi...Read More
Chinese ferro-silicon prices are holding ahead of an expected upturn in prices later this month on higher-priced tenders from steel mills, a jump in futures and reduced supplies from pollution controls, while the US and European markets keep steady....Read More
Ample supply continued to push ammonium paratungstate prices down in the week ended Friday August 3 following the end of environmental-related suspensions in Jiangxi province. ...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Monday August 6.Base metals prices on the Shanghai Futures Exchange were up across the board during morning trading on Monday, with a retreat in the dollar index and stronger yuan providing support to the complex.Check Metal Bulletin's live futures report here.Canadian resource firm Cobalt Blo...Read More
SATURDAY, AUGUST 4, 2018 WITH YOUR HOST, MARK LEIBOVIT GUESTS INCLUDE: DON VIALOUX, JIM ROHRBACH, RAY MERRIMAN, SINCLAIR NOE, HARRY BOXER, AND HENRY WEINGARTENhttps://tinyurl.com/ycjrpdte The Bottom LineThe summer swoon in North American equity markets continued last week. Seasonal influences normally turn Negative from the third week in July to mid-October. More signs of a seasonal peak appe...Read More
Turkish domestic ship scrap prices have gone down over the past week due to the weakening lira and poor demand for finished steel, while auto bundle scrap prices have remained largely stable, sources said on Monday August 6....Read More
Physical iron ore was traded at markedly higher prices on Monday August 6 following a surge in futures price attributed to concerns about reductions in shipments by one miner supplying the seaborne market....Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More