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: HDG, PPGIHot-dipped galvanized coil Turkey, domestic, hot-dipped galvanized coil (0.50mm), offered...Read More
The ascent in ammonium paratungstate (APT) prices paused last week after a few consecutive weeks of increases. Chinese, European APT prices stabilize Low availability continues to support APT prices but fewer inquiries seen European ferro-tungsten edges down amid weak demand Chinese ammonium paratungstate (APT) export market slowed down last week amid fewer inquiries from overseas and...Read More
Miners successfully raised offer prices for manganese ore amid price increases across the supply chain in the week to Friday June 22. Manganese ore prices rise on miners' higher offersAlloy prices jump on tight supplyAlloy prices hold in India, Europe Manganese ore prices rose again on Friday June 22 after high producer offers were snapped up in China amid busy trading. Metal Bulletin's 37%...Read More
Ferro-chrome benchmark price negotiations for the third quarter of 2018 are revealing a fresh spin on some familiar topics and a more detailed look at regional price differences across the supply chain. Metal Bulletin reported last week that the widely-expected reduction in the third-quarter settlement is likely to be smaller than previously anticipated, due to strengthening ferro-chrome markets,...Read More
Pig iron import prices continued to increase in the United States, with buyers likely to start restocking soon and scrap prices expected to increase further in July. Metal Bulletin's weekly price assessment for US pig iron imports was $415-420 per tonne cfr on Friday June 22, up from $410-415 per tonne a week earlier. A deal for Ukraine-origin pig iron was heard at about $415 per...Read More
Turkish domestic scrap prices have risen over the past week amid an uptick in pricing for imported scrap and that for rebar in the country's domestic market, sources said on Monday June 25.Steel producers in Turkey have increased their buying prices for auto bundle scrap by around TRY40-170 ($9-36) per tonne during the past week.Alloy long steel producer Asil ??elik and long and flat ste...Read More
Global direct-reduced iron (DRI) output increased by 16.74% year on year in May 2018, according to new statistics published by the World Steel Association (Worldsteel) on Monday June 25. Total output was 7.12 million tonnes in May 2018 compared with 6.10 million tonnes a year previously, an increase of just over 1 million tonnes. Production was also up on a monthly basis,...Read More
Iron ore prices increased on Monday June 25 while lump premiums continued to rise amid ongoing restrictions on production in China's steelmaking hub of Tangshan.Metal Bulletin 62% Fe Iron Ore Index: $65.49 per tonne cfr Qingdao, up $0.15 per tonneMetal Bulletin 58% Fe Premium Index: $53.06 per tonne cfr Qingdao, down $0.51 per tonneMetal Bulletin 65% Fe Iron Ore Index: $89.60 per tonne cfr Qingdao...Read More
Seaborne coking coal prices continued to descend on Monday June 25 amid uncertainty over macroeconomic conditions in China and the availability of cheaper domestic materials in the country. A tender for a cargo of premium mid-vol hard coking coal was concluded last Friday at $200.06 per tonne cfr China, while a shipment of pulverized coal injection (PCI) product changed hands at $145.50 per tonne...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade. Futures are responding to rising concerns about a trade war. The U.S. Dollar Index moved lower.Harley Davidson dropped $0.71 to $43.45 after the European Union increased its tariffs on motor cycles from 6% to 31%.BlackBerry slipped $0.06 to $10.62 after MKM Partners lowered its target p...Read More
Restrictions on sintering and pellet output to reduce pollution in China, along with high mill margins, have led to iron ore pellet premiums rising as mills favour the least-polluting material tomaintain output and meet emissions targets.PelletsMetal Bulletin's 65% Fe Blast Furnace Pellet Index was at $114.48 per tonne for the week ending Friday June 22, up $2.44 per tonne - or 2.2% - from $112.04...Read More
China's domestic rebar prices moved down further on Monday June 25 following a weakening of the billet and futures markets. Domestic Eastern China (Shanghai): 4,030-4,070 yuan ($619-626) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,870-3,920 yuan per tonne, down 10 yuan per tonne Billet prices dropped sharply over the weekend due to soft demand. Rebar futures also continued last F...Read More
Chinese silicon export prices continued to fall amid thin buying appetite and a stronger dollar last week while the European market remained quiet. Metal Bulletin's Chinese grade 553 silicon metal export price dropped to $1,740-1,800 per tonne on Friday June 22, from $1,760-1,850 per tonne the week before. In China, continued environmental scrutiny has weakened demand from silicon metal consu...Read More
Swedish engineering group Sandvik has signed an agreement to sell its stainless wire business to Zapp Group. The deal includes the production unit in Sandviken, Sweden and the global sales organization, along with selected trademarks and patents and approximately 145 employees, the majority of which are in Sandviken. Revenues for the stainless wire business were 310 million SEK ($34.9 million) in...Read More
China is working toward implementing a complete ban on imports of solid waste, including all metal scrap, by the end of 2020, the country's State Council said on Sunday June 24. The cabinet said the country vows to substantially cut the amount of solid waste imports and eventually prohibit its imports in less than two years' time in an attempt to reduce soil pollution caused by waste processing, a...Read More
The European Commission (EC) needs to wait before making a decision in the safeguard case until trade flow changes become clear because, currently, there is no threat to the EU steel market from imports, Tommaso Sandrini, president of Italian steel distributors' association Assofermet told Metal Bulletin.The EC opened an investigation in late March, in an attempt to prevent steel shipments being r...Read More
Restrictions on sintering and pellet output to reduce pollution in China, along with high mill margins, have led to iron ore pellet premiums rising as mills favour the least-polluting material tomaintain output and meet emissions targets.PelletsMetal Bulletin's 65% Fe Blast Furnace Pellet Index was at $114.48 per tonne for the week ending Friday June 22, up $2.44 per tonne - or 2.2% - from $112.04...Read More
Ferro-chrome benchmark price negotiations for the third quarter of 2018 are revealing a fresh spin on some familiar topics and a more detailed look at regional price differences across the supply chain. Metal Bulletin reported last week that the widely-expected reduction in the third-quarter settlement is likely to be smaller than previously anticipated, due to strengthening ferro-chrome markets,...Read More
Ferro-chrome benchmark price negotiations for the third quarter of 2018 are revealing a fresh spin on some familiar topics and a more detailed look at regional price differences across the supply chain. Metal Bulletin reported last week that the widely-expected reduction in the third-quarter settlement is likely to be smaller than previously anticipated, due to strengthening ferro-chrome markets,...Read More
Although gold closed modestly higher on the day, the precious yellow metal scored its second consecutive week of lower pricing. Gold futures opened on Monday at $1281 per ounce and traded to a high of $1286. However, it was the weekly low of $1263 that fostered the greatest concern. Considering that gold opened just above $1,300 per ounce at the beginning of the year, the last two weeks have resul...Read More