The United States decision to extend Europe's exemption from Section 232 tariffs until June 1 only serves to prolong the uncertainty, the European Commission (EC) and European steel association, Eurofer, said on Tuesday May 1.The US authorities postponed imposing Section 232 tariffs on steel and aluminium imported from the European Union, Canada and Mexico on April 30. Originally, the EU was...Read More
In this week’s analysis, we highlight...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 issu...Read More
The United States has postponed imposing Section 232 tariffs on steel and aluminium imported from the European Union, Canada and Mexico, until June 1.President Donald Trump's administration announced the extension of temporary exemptions for the key trading blocs at the last moment on Monday April 30. A 10% import tax on aluminium and a 25% import tax on steel were due to come into effect on...Read More
Q1 reporting season in full swing 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 a...Read More
As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in April 2018.The case list below includes only updates. For other continuing cases this year, see the updates for January, February and March.Click...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
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
Base metals prices on the London Metal Exchange were mixed in the morning of Tuesday May 1, with copper (-0.7% at $6,775 per tonne), aluminium (-0.2%) and zinc (-0.4%) prices lower, while tin prices are untraded and lead and nickel prices are both up 0.3%. Chinese markets are closed for a national holiday today, meaning volume has been light with 1,225 lots traded as of 6.24am London time. This fo...Read More
The United States decision to extend Europe's exemption from Section 232 tariffs until June 1 only serves to prolong the uncertainty, the European Commission (EC) and European steel association, Eurofer, said on Tuesday May 1.The US authorities postponed imposing Section 232 tariffs on steel and aluminium imported from the European Union, Canada and Mexico on April 30. Originally, the EU was...Read More
The United States has postponed imposing Section 232 tariffs on steel and aluminium imported from the European Union, Canada and Mexico, until June 1.President Donald Trump's administration announced the extension of temporary exemptions for the key trading blocs at the last moment on Monday April 30. A 10% import tax on aluminium and a 25% import tax on steel were due to come into effect on...Read More
As competition in the global steel markets remains fierce, Metal Bulletin provides an update on the new, progressing and closed trade cases from around the world in April 2018.The case list below includes only updates. For other continuing cases this year, see the updates for January, February and March.Click...Read More
Base metals on the London Metal Exchange were mostly lower at the close of trading on Tuesday May 1, coming under pressure from a stronger dollar index.Zinc was the largest faller of the day, down 2.5%. It bottomed out at $3,054 per tonne this afternoon, its lowest figure since December 2017. The metal's fundamental picture was rattled last week after more than 60,000 tonnes of zinc were delivered...Read More
Holidays in Turkey and across much of Europe for the traditional May 1 Labor Day meant that there was no 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 near t...Read More
Prices for domestic steel rebar and imported steel billet in the United Arab Emirates decreased this week on poor demand, sources told Metal Bulletin on Tuesday May 1.And demand for imported rebar in both countries remained almost non-existent.Domestic rebarThe major rebar producers in the UAE announced new prices on April 25.The biggest steel producer, Emirates Steel, is now offering rebar at 2,3...Read More
Chinese ferro-vanadium exporters increased their offer prices in the week to Friday April 27 amid recovering prices in Europe, while US ferro-vanadium prices stagnated due to inactivity in the spot market. Chinese ferro-vanadium export prices tick up on the back of European recovery European market firm week on week on thinning spot inventories US ferro-vanadium price stagnates on mar...Read More
The latest metal markets news and price moves to start the North American day on Tuesday May 1. Base metals prices on the London Metal Exchange were broadly lower during morning trading, with tin the only metal to buck the trend.The complex was trading at lower volumes over the morning, with Chinese markets closed for a national holiday.Here is how the LME base metals complex looked at 1pm London...Read More
Base metals on the London Metal Exchange were mostly lower at the close of trading on Tuesday May 1, coming under pressure from a stronger dollar index.Zinc was the largest faller of the day, down 2.5%. It bottomed out at $3,054 per tonne this afternoon, its lowest figure since December 2017. The metal's fundamental picture was rattled last week after more than 60,000 tonnes of zinc were delivered...Read More
Base metals prices on the London Metal Exchange were broadly lower during morning trading on Tuesday May 1, with tin the only metal to buck the trend. The complex is trading at lower volumes over the morning, with Chinese markets closed for a national holiday. Nickel's three-month price is drifting further from the $14,000 per tonne support level, reaching a low of $13,555 this morning. The metal'...Read More
Base metals prices on the London Metal Exchange were mixed in the morning of Tuesday May 1, with copper (-0.7% at $6,775 per tonne), aluminium (-0.2%) and zinc (-0.4%) prices lower, while tin prices are untraded and lead and nickel prices are both up 0.3%. Chinese markets are closed for a national holiday today, meaning volume has been light with 1,225 lots traded as of 6.24am London time. This fo...Read More
Spot zinc concentrate treatment charges basis CIF to major East Asian ports remained flat while lead concentrate terms declined marginally in April.The market remains extremely tight for spot concentrates, with mine supply yet to translate into markedly higher terms paid for cargoes.In China, the domestic zinc market's delivered TCs fell further, while mines struggled to ramp up and feed demand fr...Read More