Ukrainian steelmaker Metinvest has managed to increase pig iron exports by raising its production rate while decreasing production of merchant steel slab, the company said in its operational report for the first quarter of 2018.In January-March, Metinvest produced 474,000 tonnes of merchant pig iron. Traditionally, the company exports all its pig iron output.That figure was 14% higher than in the...Read More
Turkey imported 682,071 tonnes of flat steel in March 2018, down by 6.26% year-on-year from 727,647 tonnes in March 2017, according to the Turkish Statistical Institute (TUIK).Import volumes are expected to decrease further because of an investigation into the country's steel imports that started last week, and which will include hot-rolled coil (HRC), cold-rolled coil (CRC), coated coils, and all...Read More
Domestic prices for mesh-quality wire rod produced and delivered in both Northern and Southern Europe have widened downward week on week because of reduced demand, sources said on Wednesday May 2.Public holidays in several European countries this week have contributed to a drop in market activity.Southern European domestic prices for mesh-quality wire rod fell ?,?5 per tonne at the lower end of th...Read More
The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price quotations, follow the links below:China- APT, fob China- Ferro-tungsten, fob ChinaEurope- APT, cif Rotterdam- Ferro-tungsten, in-warehouse Rotterdam...Read More
Key data from the Wednesday May 2 pricing session in Europe.Key drivers - The ferro-titanium spot market has moved up in its trading range and about 600 tonnes of alloy was reported to have been traded. - All of the tonnage was reported sold at above $5 per kg delivered duty paid. There is a persistent divergence between what producers are reported being traded and what is being assessed by trader...Read More
The following Metal Bulletin noble alloys and ores prices changed on Wednesday May 2:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $12.30-12.45 per lb from $12.30-12.55 Ferro-molybdenum basis...Read More
The following Metal Bulletin minor metals prices changed on Wednesday May 2:Minor metals Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 51,000-51,500 yuan per tonne from 51,500-52,000 yuan...Read More
Brazilian iron ore export volumes increased by more than 7% year on year in April, according to figures released by national foreign trade ministry MDIC on Wednesday May 2.Iron ore shipments totaled 25.88 million tonnes last month versus 24.05 million tonnes in the same month last year.But export revenue fell by 8.6% to $1.48 billion from $1.62 billion in the same comparison...Read More
The Turkish deep-sea scrap import market remained quiet on Wednesday May 2, after a break for public holidays in Turkey and across much of Europe on May 1, but steel mills were still expected to book more cargoes for May delivery.Turkish steel mills have booked more than 20 deep-sea cargoes for May delivery so far, and more cargoes are expected to be bought in the next few days, according to marke...Read More
The seaborne iron ore market picked up after the May 1 public holiday, following the announcement by steel mills of price hikes for early May shipments. Metal Bulletin 62% Fe Iron Ore Index: $66.98 tonne cfr Qingdao, up by $1.55 per tonne Metal Bulletin 58% Fe Premium Index: $55.94 per tonne cfr Qingdao, up by $0.46 per tonne Metal Bulletin 65% Fe Iron Ore Index: $85.30 per tonne cfr Qi...Read More
Holidays in Turkey and across much of Europe for the traditional May 1 Labor Day meant that there was little change in prices for Turkish imports of deep-sea scrap from European and US suppliers, sources said on Tuesday May 1.Renewed business activity is expected later in the week when traders return to work, they added.Market sentiment is cautious about how much more prices may increase in the ne...Read More
The seaborne coking coal spot market was stable on Wednesday May 2, although market sentiment was generally more positive."The market had earlier fallen too much, and this is a normal correction," a trading source said. Premium low-vol cargoes with May and June laycan were heard offered against index with 4% premium, according to a northeastern end user. "We haven't started offering yet...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, 170,000 tonnes of...Read More
Comex copper prices bounced-back Wednesday morning in the US with the complex oversold after a five-day rout.Copper for July settlement on the Comex division of the New York Mercantile Exchange recovered 3.05 cents - or 1% - to $3.0680 per lb. "We are seeing a slight bounce in metals prices today, partly...Read More
The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday May 2*Copper -$74.53 (-475.02 yuan) Aluminium -$498.71 (-3,178.71 yuan) Zinc -$33.53 (-213.7 yuan) Nickel -$259.31 (-1,652.79 yuan) *Metal Bulletin calculates the physical arbitrage for import...Read More
Nickel premiums across all locations remained little changed in the week ending May 1, with national holidays leading to a quiet market. European premiums steady with lack of demand Thin market due to Labour Day holiday in China US firm for the seventh consecutive weekEuropean premiums stable in quiet market Metal Bulletin's European nickel premiums were stable on Tuesday, with a lack of tra...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
Base metals prices on the London Metal Exchange were for the most part firmer on the morning of Wednesday May 2, with five of the six base metals showing gains averaging 0.6%, while tin bucked the trend with a 0.1% decline. Copper led on the upside with a 1% gain to $6,816 per tonne.Volume on the LME has rebounded with the return of Chinese participants following public holidays in China on Monday...Read More
China's crude stainless steel output rose 6.5% in the first quarter of 2018, while both exports and imports also increased in the period.The country produced 6.53 million tonnes of crude stainless steel, up 399,000 tonnes from an adjusted 6.13 million tonnes in the first three months of last year, according to data released by the China Stainless Steel Council late on Friday April 27.Mills raised...Read More
All MB non-ferrous UK scrap and foundry ingot prices were unchanged on Wednesday May 02.NB: prices...Read More