With miners’ Q2 reporting season underway,...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More
UK long steel producer British Steel has announced that it intends to increase the price of its structural sections by ?30 ($39) per tonne with effect from deliveries from August 1."Due to continued strong demand and low stocks in the supply chain, we're increasing the prices of our structural sections," Richard Farnsworth, British Steel's managing director for construction materials, said."UK de...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
European steel buyers are likely to turn to the import market to purchase material in the coming months until the quotas recently applied by the EU are filled, Metal Bulletin Research (MBR) believes.Long steel buyers have shunned imports in recent weeks amid uncertainty about the form that the EU's preliminary safeguard measures would take.But attractive import prices, together with fears of being...Read More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for June Personal Income was an increase of 0.4% versus a gain of 0.4% in May. Actual was an increase of 0.4%. Consensus for June Personal Spending was an increase of 0.4% versus a gain of 0...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. Latest transactions: HRC, CRC, HDGHot-rolled coilChina, export, hot-rolled coil (2mm), offered at $620 per tonne cfr, to the UAE.India, export, hot-rolled coil (2mm), offered at $595-600 per t...Read More
Chinese ferro-silicon prices strengthened despite lackluster domestic trading activity, driven primarily by a tightened supply and currency depreciation, while US and European markets remained stagnant amid the summer slowdown.Chinese domestic market inactive, prices rise on currency depreciation Chinese export prices inch up despite limited activity European ferro-silicon market remains on hold i...Read More
Global vanadium prices largely remained firm despite a slowdown in trading activity during the summer holidays in Europe and the United States.Chinese export activity sees slow trading amid European summer holidays European vanadium market stalls on summer slowdown US ferro-vanadium market dormant, limited to small-volume transactions The Chinese vanadium export market was quiet last week, marked...Read More
Prices for low-grade and high-grade manganese ore continued to diverge over the past week, with those for lower-grade material falling while quotations for higher-grade ore rose on the back of last-minute trades concluded at higher prices. Low grade ore prices slide while higher grade rises Chinese silico-manganese prices strengthen Indian silico-manganese prices dip at low end ...Read More
A summary of Glencore's second quarter production results for the three months ended June 30 (own-sourced output volume, year-on-year change):Copper - 350,800 tonnes, +10%Increase reflects the restart/ramp-up of Katanga operations in the Democratic Republic of Congo. Own-source copper sales during the period were some 32,000 tonnes lower due to timing of shipments H1 2018 production was up 8%...Read More
Tungsten prices retreated in the week to Friday July 27 after ammonium paratungstate supply from China resumed following the end of environmental-related suspensions in Jiangxi. Metal Bulletin assessed prices for ammonium paratungstate (APT) in the European free market at $323-330 per metric tonne unit, cif Rotterdam, on Friday, down from $333-341 per mtu the previous week. Prices had peaked...Read More
Charge chrome and ferro-chrome prices weakened in China last week amid poor demand and a protracted standoff in the ore market. Charge chrome import prices weaken in ChinaUG2 chrome ore prices drop in China Alloy prices fall in South Korea, Japan European, US alloy prices steadyImported chrome prices weakened in China on Friday July 27 due to poor demand that has left the chrome ore market in a st...Read More
Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Tuesday July 31. Base metals prices on the Shanghai Futures Exchange were up across the board during morning trading on Tuesday, with a weaker dollar providing broad support to the complex.Check Metal Bulletin's live futures report here. Talison Lithium plans to increase its current lithi...Read More
Talison Lithium plans to increase its current lithium concentrate production threefold to fulfill the lithium supply needs of the company's shareholders, Tianqi Lithium and Albemarle.Australia's Talison Lithium, currently operating in Greenbushes in Western Australia, is the world largest lithium concentrate mine and plans to triple its production capacity in three years. Talison said that their o...Read More
Turkish steel producers remained silent for a second day this week, keeping prices stable, while the market mulls the increased inflation forecast from Turkey's central bank on Tuesday July 31.The market was quiet today while it awaited the announcement, market participants told Metal Bulletin.Metal Bulletin's daily index for Northern European HMS 1&2 (80:20) closed the day at $328.72 per tonne cf...Read More
As a result of a technical error, coking coal prices for July 31 were published on the Metal Bulletin price book later than scheduled. Metal Bulletin's price book has been updated and the affected prices are showing as normal. To provide feedback on the delayed publication of the coking coal indices, please contact Deepali Sharma by email at: Deepali.sharma@metalbulletin.com. Please add the subjec...Read More
Seaborne iron ore fines traded at higher prices on Tuesday July 31 while a lump cargo changed hands at a weaker price, Metal Bulletin was told.Metal Bulletin 62% Fe Iron Ore Index: $68.19 per tonne cfr Qingdao, up by $0.54 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $67.17 per tonne cfr Qingdao, up by $0.59 per tonne.Metal Bulletin 58% Fe Premium Index: $55.21 per tonne cfr Qingdao,...Read More
Global direct-reduced iron (DRI) output increased 27.15% year on year in June 2018, according to new statistics published by the World Steel Association (Worldsteel) late last week.Total output was 7.31 million tonnes in June 2018 compared with 5.75 million tonnes a year previously, an increase of 1.56 million tonnes.Production was down on a monthly basis, with May figures 160,000 tonnes...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. Latest transactions: iron oreIron oreRio Tinto, tender, 190,000 tonnes of 61% Fe Pilbara Blend fines, sold at $65.89 per tonne cfr China, laycan August 15-24.Rio Tinto, Global Ore,...Read More