European mesh-quality wire rod prices were stable in both the north and south of the region over the past week, with few buyers or sellers coming to market.Metal Bulletin's weekly domestic price assessment for mesh-quality wire rod in Southern Europe [LINK1] stayed at ?,?540-560 ($631-654) per tonne delivered on Wednesday September 19, while the price for material in Northern Europe [LINK2] remain...Read More

Prices for rebar produced and delivered in Southern Europe continued to soften this week while domestic mills attempted to combat buyer interest in imported metal, sources told Metal Bulletin on Wednesday September 19.Metal Bulletin's weekly price assessment for domestic rebar in Southern Europe narrowed downward to ?,?530-545 ($619-637) per tonne delivered on Wednesday, compared with ?,?530-550 p...Read More

Prices for rebar produced and delivered in Northern Europe have narrowed downward by ?,?5 per tonne over the past week, but prices are expected to remain largely stable over the next few weeks, market sources told Metal Bulletin on Wednesday September 12.Metal Bulletin's weekly price assessment for domestic rebar in Northern Europe was ?,?560-570 ($654-666) per tonne delivered on September 19, com...Read More

Domestic prices for steel beams in Europe were unchanged this week, extending a two-month period during which, despite good demand, there has been no movement in prices, sources told Metal Bulletin on Wednesday September 19.Metal Bulletin's weekly price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe was ?,?630-640 ($736-748) per tonne delivered on September 19,...Read More

Key data from the Wednesday September 19 pricing session in Europe. Key driversMarket fundamentals remain firm in the European ferro-titanium market in active trading although some deals have widened the price range slightly lower. Industry sources say the market is awaiting bigger deals from consumers that should be done in the next two or three weeks. Until then, the market is likely to be relat...Read More

The following Metal Bulletin minor metals prices changed on Wednesday September 19:Minor metals Antimony MMTA standard grade II, $/tonne: $8,450-8,650 per tonne from $8,500-8,700 Cobalt MB free market high grade, $/lb: $33.50-34.40 per lb from $33.45-34.35 Cobalt MB free market low grade,...Read More

The following Metal Bulletin noble alloys and ores prices changed on Wednesday September 19:Noble alloys Molybdenum Europe drummed molybdic oxide, $/lb: $12.00-12.10 per lb from $12.25-12.40 Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $29.00-29.20...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 4 points in pre-opening trade. E-Trade (ETFC $53.76) is expected to open higher after Jefferies raised its rating on the stock to Buy from Hold.Humana (HUM $335.99) is expected to open higher after Sun Trust increased its target price to $380 to $350. Autozone (AZO $732.26) is expected to open higher after JP Morgan i...Read More

Jupiter Mines will pay a $0.05 per share dividend for its financial half-year ended August 31 on October 10 thanks to strong manganese ore prices and sales and cost reductions at South African miner Tshipi, Jupiter chairman Brian Gilbertson said.Jupiter's dividend is worth a total $98 million for the half-year ended August 31, compared with $82 million for the full 2018 financial year, which ended...Read More

Metal Bulletin proposes changes to the specification of its high carbon ferro-chrome prices for Japan and South Korea to bring the Cr content in the description in accordance with the name of the prices. At present, the chemical specifications of the two prices state all data points will be considered for material with a minimum Cr content of 60%. Metal Bulletin proposes amending the specification...Read More

Tharisa has restructured its acquisition of Salene Chrome Zimbabwe, under which it has been granted a call option to acquire a 90% stake at a par value of $90, subject to a $3.2 million exploration spend. The South African chrome and platinum group metals miner announced in May that it had acquired 90% of Salene, for an undisclosed sum, from the Leto Settlement Trust, which has family links to Tha...Read More

Stainless steel scrap metal prices in the United States remain in a downward spiral with demand beginning to falter."Demand has dropped off as consumer lead times have shortened due to the current oversupply of raw materials... Why buy now when you can buy cheaper tomorrow?" one US processor source asked."It seems the stainless scrap situation is getting worse by the week," one major dealer i...Read More

The Turkish deep-sea scrap import market was quiet on Wednesday September 19, while steel mills were waiting for the market to stabilize after the latest uptick in prices.There were rumors of sales in the market today at prices higher than before, but no transactions were confirmed.A steel mill in the Iskenderun region was said to be booking a Baltic Sea cargo comprising 10,000-12,000 tonnes of bo...Read More

Seaborne iron ore trading almost came to a halt on Wednesday September 19 with participants heading to a key industry conference in China, while a plan for steelmaking restrictions in Tangshan was finalized.Metal Bulletin 62% Fe Iron Ore Index: $69.46 per tonne cfr Qingdao, down by $0.36 per tonne.Metal Bulletin 62% Fe Pilbara Blend Fines Index: $68.49 per tonne cfr Qingdao, down by $0.36 per tonn...Read More

Market participants in the seaborne coking coal market are taking a breather on Wednesday September 19 following a flurry of transactions in the past week and a half. A premium mid-vol material with October 21-30 laycan was heard offered via a miner's tender during the day, although no transaction was heard at the time of writing.A northeastern Chinese mill source conceded that healthy steel...Read More

If your home were to be destroyed, where would you live?That’s the question that too many families are grappling with today following the devastation of Hurricane Florence.Homes in Wilmington, Columbia, Charleston and Myrtle Beach have been destroyed in the wake of the latest hurricane to hit the U.S. And today, there simply aren’t enough homes for displaced families to move into.Unfor...Read More

China's ferrous futures were mixed during morning trading on Wednesday September 19, with the coke and coking coal contracts rising but those of rebar and hot-rolled coil retreating.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,181 yuan ($609) per tonne, down 4 yuan per tonneJanuary hot-rolled coil: 4,007 yuan per tonne, down 21 yuan per tonneDalian Commodity...Read More

China's domestic rebar prices moved up on Wednesday September 19, while sellers cut procurement rates at higher prices.Domestic Eastern China (Shanghai): 4,580-4,620 yuan ($667-673) per tonne, up 30 yuan per tonneNorthern China (Beijing): 4,410-4,430 yuan per tonne, narrowed upward 10 yuan per tonneTraders raised prices in the morning on Tuesday's high sales volumes and early-hour futures gains on...Read More

China's hot-rolled coil prices were little changed on Wednesday September 19 amid weak demand both domestically and globally, sources told Metal Bulletin.DomesticEastern China (Shanghai): 4,310-4,320 yuan ($628-629) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 4,230-4,250 yuan per tonne, unchangedTrading nationwide was relatively thinner today compared with the previous two days, a S...Read More

South Korea's state-run Public Procurement Service (PPS) has purchased 2,000 tonnes of grade-A copper cathode through a tender that closed on Tuesday September 18, according to a notice posted on the PPS' website.Based on the announcement, Glencore International won the tender at $84 per tonne, basis cif Incheon port, an increase from the $75 per tonne, cig Incheon port, premium for...Read More