* NSE index end up 0.4 pct, BSE index 0.6 pct higher* Nifty IT index up 2.9 pct, Yes Bank top pct loserNov 28 (Reuters) - Indian shares closed higher for the third straight session on Wednesday, helped by IT stocks such as Tata Consultancy Services Ltd TCS.NS and Infosys Ltd INFY.NS , although investor sentiment was cautious ahead of the expiry of futures and options contracts later this wee...Read More

* Plant shut in May after 13 people killed in protests* Vedanta not given notice, opportunity to explain its position* National Green Tribunal to give verdict on Dec. 7 (Adds quotes, details of plant)By Mayank Bhardwaj and Sudarshan VaradhanNEW DELHI, Nov 28 (Reuters) - An Indian court-appointed panel said on Wednesday that there were insufficient grounds to permanently close Vedanta Ltd's VDAN.NS...Read More

(Repeats to additional subscribers without change to text)* Plant shut in May after 13 people killed in protests* Vedanta not given notice, opportunity to explain its position* National Green Tribunal to give verdict on Dec. 7By Mayank Bhardwaj and Sudarshan VaradhanNEW DELHI, Nov 28 (Reuters) - An Indian court-appointed panel said on Wednesday that there were insufficient grounds to permanently c...Read More

NEW DELHI, Nov 28 (Reuters) - An Indian court-appointed panel said a government order to close down resources company, Vedanta Ltd's VDAN.NS copper smelter after protests by environment activists turned violent was a case of administrative overreach, said lawyers involved in the case.The committee set up by the National Green Tribunal said the closure of the plant in southern Tamil Nadu (NS:TNNP)...Read More

The Turkish steel producers have continued to hold back from the deep-sea scrap markets and were not expected to resume purchasing activity any time soon, sources said on Wednesday November 28.The mills in the country booked three deep-sea cargoes at the end of last week, following a downturn in prices. But this activity did not last long because of concerns about price falls in the Asian steel ma...Read More

The price for rebar produced and delivered in Southern Europe was flat on Wednesday November 28, with consumers continuing to snub higher offers from producers for material with first-quarter delivery dates.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe stayed at ?,?530-540 ($600-611) per tonne delivered on Wednesday.While some producers had hoped for a big purchasing r...Read More

Philipp Schl? 1/4 ter has become chief executive officer of Trimet Aluminium, the company said on Monday November 26. "Philipp Schl? 1/4 ter will be moving from the supervisory board to the executive management of the company and become the CEO of Trimet Aluminium SE," chairman Thomas Ludwig...Read More

Zinc premiums made gains in the Taiwanese and Indian markets on Tuesday November 27 with residual supply not sufficient to appease demand. Lead markets are focused on annual contracts, with US spot market activity diminished for this reason. Zinc premiums rise in Taiwan and India  Annual zinc premiums start to settle lower in Europe  Lead premiums flat on spot as market eyes annual cont...Read More

The price of copper on the Comex exchange in the United States rebounded in morning trading on Wednesday November 28 ahead of the upcoming meeting in Argentina of leaders from the G20 group of nations.The copper price for March settlement on the Comex division of the New York Mercantile Exchange rose by 4.15 cents per lb to $2.7675 per lb on Wednesday.Despite recent remarks from US President Donal...Read More

The latest metal markets news and price moves to start the North American day on Wednesday November 28. Base metal prices on the London Metal Exchange rebounded in morning trading on Wednesday after having suffered heavy losses at the start of the week. Aluminium prices, meanwhile, have failed to be spurred by the news...Read More

China Hongqiao Group has started to cut its aluminium production as part of local government winter curtailment orders, according to a document released by the Binzhou government earlier this week. The winter cuts document published on the City of Binzhou official website lists five closures of Hongqiao's smelters, which have aluminium capacity of nearly 6.46 million tonnes per year. Based on the...Read More

Base metal prices on the London Metal Exchange rebounded in morning trading on Wednesday November 28 after having suffered heavy losses at the start of the week.The LME's three-month copper contract rallied up by $33.5 per tonne to $6,155 per tonne; this morning news broke that Indonesian copper smelter Gresik will be out of the market until December.Aluminium prices, meanwhile, have failed t...Read More

The latest news and price moves to start the Asian day on Thursday November 29.Base metal prices were resurgent on the London Metal Exchange on Wednesday November 28, with prices for the entire complex closing higher compared with the previous day. Read more in our live futures report.Here are how prices looked at the close of trading:Turkish long steel producer Ko?? Metalurji intends to halt...Read More

Long steel demand in Brazil fell year on year in October but growth expectations remain in place for this year and 2019, Gerdau chief executive officer Gustavo Werneck said."We had already envisioned some slowdown during the fourth quarter as seasonal factors kick in," Werneck told Fastmarkets on the sidelines of a partnership launching event on Wednesday November 28. "What is important is that 20...Read More

Turkish long steel producer Ko?? Metalurji intends to halt steel production to allow maintenance work during the first month of 2019, a mill source told Fastmarkets on Wednesday November 28.Production operations at Ko?? Metalurji will stop from Tuesday January 1 until Thursday January 31. The mill may return to the market later than the end of January, however, depending on trading conditions."We...Read More

Steelmakers in Ukraine were continuing operations and shipments as normal on Wednesday November 28, despite the country imposing martial law at 9am local time after the latest military clash with Russia.ArcelorMittal Kryvyi Rih and Metinvest were the steelmakers most likely to be affected by the dispute, which centered on the seizure by Russia of Ukrainian ships in the Kerch Strait, which links th...Read More

Prices for hollow steel sections in Northern Europe moved down this week following falls in feedstock prices, market participants told Fastmarkets MB.Fastmarkets MB's domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was ?,?635-650 ($718-735) per tonne delivered on Thursday November 28, down from ?,?640-660 per tonne delivered on November 21.Th...Read More

Iranian exporters of semi-finished steel products, billet in particular, have come under pressure from the increasing presence of Chinese suppliers in the global market.The domestic billet price in northern China has fallen by 380 yuan per tonne since the beginning of the week, reaching 3,050 yuan ($439) per tonne ex-works on November 28.The drop in the domestic price made the export market more a...Read More

The following Fastmarkets noble alloys and ores prices changed on Wednesday November 28:Noble alloysMolybdenum Europe drummed molybdic oxide, $/lb: $12.00-12.10...Read More

Key data from the Wednesday November 28 pricing session in Europe.Key drivers European suppliers appear to have been successful in holding up prices despite earlier downward pressure from some Russian exports into Europe. The move follows a downward trend in alloy prices that started on September 12, when the market was assessed at $5.80-6.05 per kg, and stopped around the start of November....Read More