Huge amounts of zinc ingots from Spain, both new and old stock, continue to enter the Chinese market after a significant inflow last year, which is leading to inventory build-up and depressed premiums, market participants have told Metal Bulletin.For the first month this year, Spain remained the biggest supplier of refined zinc to China, providing one-quarter of the total of 67,111 tonnes imported...Read More

Comex copper prices slipped further Monday March 19 morning with the market in consolidation mode due to investors heading to the sidelines ahead of the Federal Reserve meeting.Copper for May settlement on the Comex division of the New York Mercantile Exchange dipped 1.95 cents or 0.6% to $3.0890 per lb."While the consolidation in copper prices may run a little further on the back of an overall we...Read More

The European Commission has warned that it is prepared to impose temporary safeguard duties on imports into the European Union of US-made steel and aluminium in response to new US import duties on aluminium and steel imports. The EC has released a draft list of products which may in future attract retaliatory duties, including a wide range of aluminium and steel products, such as bars, rods, angle...Read More

The latest metal markets news and price moves to start the North American day on Monday March 19.Base metals prices on the London Metal Exchange fell across the board during morning trading on Monday March 19, with copper the worst affected.Here's how base...Read More

Base metals prices on the London Metal Exchange fell across the board during morning trading on Monday March 19, with copper the worst affected. The three-month copper price is down $75 this morning and sits just above the $6,800 per tonne support barrier. The metal has come under pressure after supply concerns eased. "Base metals were largely weaker, led by copper, where concerns over supply disr...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Monday March 19* Copper -$94.47 (-599.38 yuan) Aluminium -$408.07 (-2,588.93 yuan) Zinc -$104.31 (-661.77 yuan) Nickel -$456.49 (-2,896.13 yuan) *Metal Bulletin calculates the physical...Read More

Brazilian crude steel output increased by 5.50% year-on-year in February, according to figures released by national steel institute A??o Brasil on Monday March 19.Production totaled 2.71 million tonnes, against 2.57 million tonnes a year before.Brazilian firms produced 1.83 million tonnes of finished steel last month, growth of 7.50% from February 2017's level of 1.70 million tonnes.In the same co...Read More

Competition regulators in the European Union have again postponed a decision on the sale of Italian steelmaker Ilva until May 23 this year, a spokesman for the European Commission (EC) confirmed to Metal Bulletin on Monday March 19.The decision was postponed because the EU authorities must review new commitments submitted on March 15 by the intended purchaser, AM Investco Italy, a consortium led b...Read More

Local rebar and import billet prices in Egypt increased again this week because of strong demand.Beshay Steel began offering rebar at E ?12,996 ($738) per tonne ex-works on Saturday March 17, up from the E ?12,768 per tonne ex-works announced on March 8.The country's...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletUkraine, 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: RebarRebarEgypt, domestic (Ezz Steel), rebar,...Read More

Spot prices for ammonium paratungstate (APT) continued to rise in last week's pricing session due to tightening supply in China. APT prices rise on tighter supply, slower Chinese output  Profit-taking prompts fall in ferro-tungsten prices in China  Cash flow pressure weighs on concentrates prices Metal Bulletin's benchmark cif Rotterdam quotation for APT rose to $325-334 per mtu on...Read More

Jupiter Mines is pursuing a A$240 million ($185 million) relisting on the Australian Securities Exchange (ASX), the company said on Monday March 19. The miner, which owns Tshipi - South Africa's largest manganese ore producer by export volume, lodged a company prospectus with the ASX today and expects its shares to start trading on April 18. Jupiter said in October 2013 it had been approved to del...Read More

The Chinese ferro-silicon spot market has stabilized losses in the past week, with support coming from magnesium production - a sizeable consumer of ferro-silicon. Chinese spot market halts downward drift but ample supply may drag in near term  Europe prices stable, awaits second quarter settlements  US market eases, but low stock levels offer support Chinese prices steady Chinese domes...Read More

Imported charge chrome prices outperformed Chinese ferro-chrome on Friday March 16, after the domestic market took a poor view of demand from the stainless sector. Charge chrome holds firm in ChinaChinese domestic ferro-chrome prices weakenAlloy prices holding in Japan, South KoreaUS alloy prices steadyEuropean spot prices weaken Charge chrome prices strengthened in China on Friday, supported by...Read More

Manganese ore prices showed early signs of weakness in the latest pricing session after alloy smelters continued to protest the recent rally, launching aggressive bids. Low-grade ore prices dip amid aggressive smelter bidsHigh-grade ore prices keep risingSpot silico-manganese prices weaken in ChinaAlloy prices hold in Europe and IndiaUS refined manganese alloys bolstered by shipping issues Mangane...Read More

A Brazilian court has ordered iron ore mining company Min?(C)rios Nacional, owned by local steel and iron ore producer Companhia Sider??rgica Nacional (CSN), to take emergency action to ensure the stability of two tailing dams in the country's south-eastern Minas Gerais state.The dams belong to CSN's Fernandinho mining complex, in Rio Acima city. The mine's iron ore output, currently around 18,000...Read More

The Turkish steel mills extended their silence in the deep-sea scrap market on Monday March 19, amid weak rebar demand in the country's export markets.There were rumors of a Baltic Sea cargo sold to a steel mill in the Iskenderun region, but no market participants could confirm such a transaction.Rebar demand in the country's export markets has slowed down significantly, after the Section 232 anno...Read More

Turkish domestic scrap prices have continued to rise in line with strong finished steel values and the weakening of the Turkish lira, sources said on Monday March 19.Metal Bulletin's weekly price assessment for domestic auto bundle scrap (DKP grade) in Turkey on Monday was TRY1,300-1,520 ($331-387) per tonne delivered, up from last week's TRY1,260-1,420 per tonne.The upward movement in the assessm...Read More

Iron ore prices tumbled on Monday March 19 following big losses in China's steel and futures markets.Metal Bulletin's 62% Fe Iron Ore Index Today: $67.45 per tonne cfr QingdaoDaily change: down by $2.39 per tonneMonth-to-date average: $73.13 per tonneMetal Bulletin's 58% Fe Premium Index Today: $54.58 per tonne cfr QingdaoDaily change: down by $2.33 per...Read More