The price of steel billet imported into Egypt increased slightly this week while local rebar prices were unchanged, sources told Metal Bulletin on Thursday May 3.The country's biggest producer, Ezz Steel, is still offering rebar at E ?12,528 ($707) per tonne ex-works, including 14% VAT, while Beshay Steel, also a major domestic producer, is offering rebar...Read More

Turkish domestic and export billet prices have increased over the past week, which reflects a recovery both in demand and in domestic long steel prices, sources said on Thursday May 3.Metal Bulletin's weekly price assessment for domestic billet was $535-540 per tonne ex-works, narrowing upward from $530-540 per tonne last week.A weakening of the lira against US dollar was propelled domestic rebar...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletCIS, export, billet, traded at $533 per tonne...Read More

Turkish domestic prices for rebar and wire rod have recovered by $10-15 per tonne because of stronger demand over the past week, sources said on Thursday May 3.Metal Bulletin's weekly price assessment for domestic rebar in Turkey was $570-580 per tonne ex-works, compared with last week's $555-570 per tonne.The domestic prices climbed in line with the strengthening of the US dollar against the Turk...Read More

South African miner Kudumane Manganese Resources (KMR) has delayed deliveries of some of its manganese ore shipments following heavy rains in the country's Northern Cape region.Supplies from the company's mine in Northern Cape will be affected until August, KMR said."The heavy rains did necessitate the rescheduling of one or two shipments over [May-August]," KMR chief executive officer Thembelani...Read More

The latest ferro-vanadium and vanadium pentoxide (V2O5) transactions, bids, offers and assessments in Europe.To view the latest price quotations, follow the links below:Europe- Ferro-vanadium delivered duty-paid in Europe- Vanadium pentoxide in-warehouse RotterdamChina- Ferro-vanadium, 78% min, fob China, $ per kg V- Vanadium pentoxide, 98% min, fob China, $ per lb V2O5Friday April 27Ferro-vanadiu...Read More

Physical iron ore prices were rangebound on Thursday May 3 amid mixed signals from the futures and steel markets.Metal Bulletin 62% Fe Iron Ore Index: $66.87 tonne cfr Qingdao, down by $0.11 per tonne Metal Bulletin 58% Fe Premium Index: $56.02 per tonne cfr Qingdao, up by $0.08 per tonne Metal Bulletin 65% Fe Iron Ore Index: $85.30 per tonne cfr Qingdao, unchanged Metal Bulletin 62% Fe China Port...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreRio Tinto, tender, 170,000 tonnes...Read More

The seaborne coking coal spot market rose on Thursday May 3 following higher bids from market participants. A top Australia brand had changed hands at $193 per tonne cfr China and a lower-ranked second-tier hard coking coal traded around $160-161 per tonne fob Australia, according to various sources. In the pulverized coal injection (PCI) segment, a low-vol PCI transacted at around $144-145 per to...Read More

Ferrous futures in China were down during morning trading on Thursday May 3, with sentiment turning more cautious among market participants after a bullish start to the working week.Futures closing prices - morning session Shanghai Futures Exchange October rebar: 3,688 yuan ($579) per tonne, down 25 yuan per tonne October hot-rolled coil: 3,770 yuan per tonne, down 16 yuan per tonne Dalian Commodi...Read More

Base metals prices on the London Metal Exchange were for the most part little changed on the morning of Thursday May 3, with copper prices up just 0.1% at $6,825 per tonne.The exceptions were zinc prices, which were down by 1% at $3,080 per tonne, and lead prices that were up by 0.5% at $2,290 per tonne.Volume on the LME has been average, with 6,196 lots traded as at 07.02 am London time. This fol...Read More

Glencore produced 7,000 tonnes of cobalt in the first quarter of 2018, up 11% from 6,300 tonnes in the same quarter of last year, according to the company's production report on Thursday May 3.Production from its African copper assets contributed 6,100 tonnes of cobalt in the first quarter compared with 5,700 tonnes in the corresponding period of 2017. The rise in production was reflective of a 50...Read More

The China cobalt sulfate price has softened from the brief momentum of activity between late March and mid-April due to lackluster demand.The Metal Bulletin cobalt sulfate, 20.5% min Co, ex-works China, price is calculated as an adjustment to the low end of Metal Bulletin's existing benchmark low-grade cobalt price assessment on a 20.5% Co basis, which was assessed at a discount of $0.51-0.82 per...Read More

Metal Bulletin has launched a price assessment for cobalt sulfate, 20.5% min Co, ex-works China, published as a $ per lb adjustment to the low end of Metal Bulletin's existing benchmark low-grade cobalt price assessment.After a consultation period, Metal Bulletin has launched a price assessment to cover the Chinese cobalt sulfate market. Cobalt sulfate, of which China is the largest producer in th...Read More

East Asia's stainless steel market was quiet due to the long weekend, with prices steady at high levels over the past week.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,170-2,300 per tonne cif East Asian ports for the week ended Wednesday May 2, the same as a week earlier. Metal Bulletin's assessment of prices for benchmark 304 stainless trim...Read More

Key data from the Wednesday May 2 pricing session in Shanghai.Please click on the above tables to view more in-depth pricing data about these assessments in Metal Bulletin's price book.Key drivers- A post-holiday lull descended over the Chinese market after the country's Labor Day break (April 30 and May 1), with a number of participants taking...Read More

Eight of the thirteen gold miners trapped underground at Sibanye-Stillwater's (JSE:SGL) (NYSE:SBGL) Masakhane mine in South Africa remain missing, the company said after a seismic event caused a fall of ground in an operating stope at one of the company's gold mines.Contact was made with six workers earlier on Thursday and two two were brought to surface safely, the firm said, but one of them reg...Read More

Australia's Lucapa Diamond (ASX:LOM) has discovered yet another large diamond at its prolific Lulo mine in Angola - a 46-carat pink stone, the largest coloured gem-quality rock ever recovered there.The company said the gem-quality coloured diamond eclipsed both the 43-carat yellow gem found in January and the almost 39-carat pink dug up in September last year."The frequent recovery of large and...Read More

South African gold producers signed Thursday a class action settlement with law firms representing thousands of miners who contracted the fatal lung diseases silicosis and tuberculosis while working for them.The 5 billion rand-settlement (about $400 million at today's exchange rate), reached following three years of negotiations, puts an end to the country's largest and most expensive class acti...Read More

Yamana Gold (TSX:YRI)(NYSE:AUY) announced today that gold production exceeded its plan for the first quarter of 2018.In a media statement, management detailed that gold equivalent ounce production from Yamana mines for the first quarter was 211,246, including 199,555 ounces of gold and 899,261 ounces of silver. Total attributable gold production was 248,088 ounces of gold, including attributable p...Read More