Domestic steel prices in China are expected to experience downward pressure over the next few months due to less stringent limits being implemented by the authorities in the country's northern region where the bulk of the country's steelmaking capacity is located.Steelmakers in Hebei province's Tangshan city, China's steelmaking hub, will be allowed to maintain their production rates if they meet...Read More

Ferrous scrap prices moved in different directions in the various global markets during the working week from Monday October 8 to Friday October 12, Fastmarkets has learnt.Import prices in Turkey and India inched upward week-on-week, while Taiwanese import prices slipped on poor demand. Offers from the United States to Turkey remained firm, but some US exporters lowered their buying prices in prep...Read More

Indian local secondary billet prices fell in the second week of October by about 100 rupees per tonne while demand for semi-finished steel products remained weak and the number of buyer inquiries dwindled further, Fastmarkets has heard.The price for Indian domestic billet, which is mainly produced through the induction furnace method, was assessed by Fastmarkets on Friday October 12 at 33,200-33,4...Read More

An overview of the battery raw materials markets and their price moves from the past week.Read More

European stainless steel base prices were assessed as being stable this week, although bearish sentiment still pervaded the market because of excess supply, Fastmarkets heard on Friday October 12.The situation was largely unchanged from what was seen in the previous two weeks. A sharp drop in the alloy surcharges for October resulted in substantially lower transaction prices for material produced...Read More

The latest metal markets news and price moves to start the North American day on Friday October 12. The prices of base metals on the London Metal Exchange were for the most part higher during morning trading, with prices stabilizing after a mid-week sell-off resulted in Asian equity markets falling to a 19-month low, prompting risk-averse investors to curb buying. While price action across th...Read More

Good morning from Metal Bulletin's offices in Asia as we bring you the latest news and pricing stories on Friday October 12.Base metals prices on the Shanghai Futures Exchange were mostly up during Asian morning trading on Friday October 12, with the weakening dollar supporting investor confidence.  Check Fastmarket MB's live futures report here.Codelco's Chuquicamata division will be&nb...Read More

Metal Bulletin reviews the major stories that have affected the steel market during the week ended Friday October 5.Raw materials The Singapore Exchange (SGX) will launch a high-grade iron ore derivative product to be settled against the daily MB 65% Fe iron ore index published by Fastmarkets. Subsequently, market participants hailed the decision, saying it will serve the burgeoning need for bette...Read More

Domestic steel prices in China are expected to experience downward pressure over the next few months due to less stringent limits being implemented by the authorities in the country's northern region where the bulk of the country's steelmaking capacity is located.Steelmakers in Hebei province's Tangshan city, China's steelmaking hub, will be allowed to maintain their production rates if they meet...Read More

Indian iron ore pellet producer KIOCL is looking to tap into the thriving seaborne market for the steelmaking raw material with plans underway to add a 2-million-tonnes-per-year plant in Visakhapatnam over the next 2-3 years. "We expect to get the approvals for this plant over the next six months and it should be completed in 18-24 months after approvals have been obtained," its chairman and manag...Read More

Movements in the prices of base metals on the London Metal Exchange were mostly upward at the close of trading on Friday October 12.This was supported by the emergence of fresh buying amid a softer US dollar index and increased market optimism about trade talks between the United States and China.Most prominent among the gains in the complex over the afternoon was the rise in the three-month lead...Read More

Fastmarkets MB rounds up some of the key news and price moves across the global metal markets this week.Base metals In breaking news this afternoon, the US Treasury Department has further extended the expiration date of general licenses relating to UC Rusal until December 12.Codelco's Chuquicamata division will be running at reduced operating rates until mid-November following a technical fault at...Read More

Seaborne coking coal spot prices moved in opposite directions on Friday October 12 following the emergence of a lower offer in the fob Australia segment, even as a cargo of premium hard coking coal fetched a higher cfr China price.A top Australian brand was traded at $216.50 per tonne cfr China, sources said. This is $0.50 per tonne higher than the last transaction involving the same brand two wee...Read More

MUMBAI, Oct 12 (Reuters) - India's core consumer inflation was seen at 5.8 percent in September, compared with around 6 percent in August, four analysts estimated from the inflation numbers released on Friday.India's retail inflation rate INCPIY=ECI slightly picked up to 3.77 percent in September from August's 3.69 percent, government data showed on Friday, lower than the 4.0 percent that analysts...Read More

By Sumeet ChatterjeeNUSA DUA, Indonesia, Oct 12 (Reuters) - State Bank of India SBI.NS , the country's largest lender, sees its provision for bad loans remaining high for at least the next two quarters, after which it will start softening as it steps up efforts to improve asset quality, its chairman said on Friday.The state-run lender is also seeing a slowdown in "accretion" of new bad loans, Ra...Read More

Investing.com - Here are the top five things you need to know in financial markets on Friday, October 12:1. Big Banks Report EarningsResults from three of the four big banks are expected before the opening bell on Friday. Investors are waiting to see whether bank stocks remain a safe haven after the volatile week in the stock market, as JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC) and Citigro...Read More

Investing.com - Gold prices were lower on Friday as the greenback recovered from a two-week low as inflation pressures eased.Comex gold futures for December delivery fell 0.39% to $1,222.80 a troy ounce as of 8:58 AM ET (12:58 GMT), after recording its largest daily percentage gain on Thursday since June 2016 amid a selloff in equities.Cooling inflation data and rate hike expectations lead to a ri...Read More

(Adds company news items and futures)Oct 12 - Britain's FTSE 100 .FTSE index is seen opening 27 points higher at 7,034 with FTSE 100 futures .FFIc1 up 0.51 percent ahead of the cash market open on Friday, according to financial bookmakers.* ASHMORE: Emerging markets-focused fund manager Ashmore ASHM.L said assets under management rose 3 percent in its first quarter, boosted by inflows of client...Read More

Oct 12 - Britain's FTSE 100 .FTSE index is seen opening 27 points higher at 7,034 on Friday, according to financial bookmakers.* ATALAYA MINING: Copper producer Atalaya Mining ATYM.L , AYM.TO , which is backed by Swiss trading giant Trafigura, is looking for a buyer, two banking sources said on Thursday. PATISSERIE VALERIE: The owner of Britain's Patisserie Valerie café chain warned on Thur...Read More

Fastmarkets' weekly prices assessments for alloy steel scrap imported into mainland Europe were unchanged this week amid 'very slow' market activity and relatively stable nickel prices.Demand has been below expectations since the end of the summer, when the usual post-holiday recovery failed to fully materialise. And it weakened further when stainless steel prices dropped sharply in October, with...Read More