Manganese ore prices are showing signs of recovery after a poor start to 2019 that was blamed largely on bearish sentiment around silico-manganese and steel markets in China.Low-grade manganese ore prices have edged up in late January amid a flurry of demand ahead of Chinese New Year, which meant some of the firmer offers in the market were successful, despite the fact that some miners had cut off...Read More

Copper's three-month price on the London Metal Exchange continued to trend lower at the close of trading on Tuesday February 12, with nickel futures also moving downward amid an increasingly negative appetite for risk across the commodity markets.Copper futures topped the complex for total volumes traded, with 13,960 lots changing hands by the close, but continue to trend lower after trading for a...Read More

Comex copper prices slipped on Tuesday morning in the United States amid a bout of technical selling despite a weakened dollar and solid jobs data. The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 3 cents to $2.76 per lb."The series of higher highs and lows since the start of...Read More

Seaborne iron ore prices fell across the board on Tuesday February 12 amid thin trading activity in the physical cargoes market, while low-grade iron ore was rangebound. MB 62% Fe Iron Ore Index: $87.65 per tonne cfr Qingdao, down $2.93 per tonne. MB 62% Fe Pilbara Blend Fines Index: $88.49 per tonne cfr Qingdao, down $2.93 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.08 per tonne cfr Qing...Read More

Turkish miner Eti Elektrometalurji (Etimet) has moved into the market for ultra-low ferro-chrome and refuted that this would cap the company's output of 0.10% carbon material.The Turkish miner began production of 0.015%, 0.025% and 0.030% carbon ferro-chrome this year because of the higher profits that can be made from this material instead of more common products such as 0.10% chrome ferro-chrome...Read More

The Turkish steel mills returned to silence in the deep-sea scrap markets on Tuesday February 12 after a strong buying spree over the past two weeks.Market participants believed that scrap prices were still becoming firmer, in line with the global price trend in raw materials and tightening supplies of scrap."The offers for HMS 1&2 (80:20) are going up to $335 per tonne cfr Turkey from suppliers i...Read More

Comex copper prices slipped on Tuesday morning in the United States amid a bout of technical selling despite a weakened dollar and solid jobs data. The copper price for March settlement on the Comex division of the New York Mercantile Exchange dipped 3 cents to $2.76 per lb."The series of higher highs and lows since the start of...Read More

Heavy highland rains in the Andean region prompted mining companies to temporarily halt some copper operations in northern Chile and southern Peru from Friday February 8, before resuming full capacity by Tuesday February 12.Codelco, the world's largest copper producer, had to suspend activities at its Chuquicamata and Ministro Hales divisions, the company said in a report on February 8. The impact...Read More

Fastmarkets discontinued its weekly premium assessments for special high grade (SHG) zinc basis in-warehouse Singapore and Malaysia on Tuesday February 12. The decision follows a month-long consultation period which did not receive any feedback. The decision is based on previous feedback that there is limited use for these premiums as reference prices, with the majority of market participants basi...Read More

Both copper and nickel prices on the London Metal Exchange were subdued during morning trading on Tuesday February 12, with broad strength in the dollar index capping gains while positive trade sentiment failed to spur buying momentum. Copper's three-month price fell to an intraday low of $6,109 per tonne this morning, with total volumes in the metal topping the complex at 4,751 lots traded by 9:4...Read More

Fastmarkets has today discontinued its weekly aluminium premium assessments for aluminium P1020A fob Singapore and aluminium P1020A fob Malaysia. The decision follows a month-long consultation period which did not receive any feedback.The decision is based on previous feedback that these markets see limited liquidity on an fob basis, with some sources noting that market participants in this region...Read More

Brazilian flat steel imports dropped by 27.48% year on year in January, while imports of long steel products dropped by 13.76% in the same comparison, according to figures released by the country's foreign trade ministry, MDIC.Shipments of flat steel products fell to 88,153 tonnes last month, compared with 121,552 tonnes in January 2018.Imports of flat steel from China amounted to 67,252 tonnes, u...Read More

Hot-rolled (HR) and cold-rolled (CR) steel sheet prices in Russia's Central Federal District around Moscow rose on reduced availability and a seasonal demand rebound in the secondary market, sources told Fastmarkets on Monday February 11. Fastmarkets' weekly price assessment for Russia-origin 4mm HR sheet was at 41,200-41,600 roubles ($627-633) per tonne cpt Moscow on Monday, including 20% VA...Read More

The prices for steel billet and rebar in the United Arab Emirates increased this week on higher offers from producers, but demand was only moderate, sources told Fastmarkets on Tuesday February 12.Domestic rebarLocal rebar producers in the UAE increased their offer prices.The country's largest producer, Emirates Steel, was offering rebar to be shipped in February at 2,007 dirhams ($546) per tonne...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet Oman, export, billet,...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebar UAE, domestic (Emirates Steel), rebar, offered at 2,007 dirhams ($546) per tonne ex-works,...Read More

Dubai-based multinational Dana Group has completed the construction of new mills for the manufacture of cold-rolled coil (CRC) and hot-dipped galvanized coil (HDG) in the United Arab Emirates sheikhdom, it said on Friday February 8.Installation and commissioning of the necessary machinery is now under way. The company did not give a date for the start of production, but it expects to produce 250,0...Read More

CIS rebar and wire rod producers pushed up offer prices this week following rises in raw materials and semi-finished steel costs last week, but customer caution limited buying activity.Ukrainian and Russian rebar, for shipment in late March and April, was on offer at $475-480 per tonne fob Black Sea on Monday February 11, sources told Fastmarkets - up from $455-470 per ton...Read More

The seaborne iron ore market agreed on the logic behind the rise in prices on the first day of trading after China's return from the Lunar New Year on Monday February 11 but by day two it failed to reach an agreement on the rally's sustainability.Fastmarkets MB 62% Fe Iron Ore Index stood at $90.58 per tonne cfr China on Monday, the highest level since March 2017, with market participants re-calib...Read More

Seaborne iron ore prices fell across the board on Tuesday February 12 amid thin trading activity in the physical cargoes market, while low-grade iron ore was rangebound. MB 62% Fe Iron Ore Index: $87.65 per tonne cfr Qingdao, down $2.93 per tonne. MB 62% Fe Pilbara Blend Fines Index: $88.49 per tonne cfr Qingdao, down $2.93 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $89.08 per tonne cfr Qing...Read More