Chinese ferro-silicon prices continued their downward trend over the past week, pressured by ample stocks and a negative outlook for the market due to weakness in the country's steel sector. Metal Bulletin assessed the Chinese domestic spot ferro-silicon (basis 75% silicon) price at 6,100-6,500 yuan ($971-1,035) per tonne on Friday March 30, compared with 6,500-7,000 yuan per tonne a week earlier....Read More
Turkish steel producers have resumed their deep-sea scrap purchases following the recent sharp decrease in prices, sources said on Tuesday April 3.A steel producer in the Marmara region booked a European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25), 10,000 tonnes of shredded, 5,000 tonnes of a mixture of HMS 1 and plate and structural scrap (P&S), and 5,000 tonnes of new cuttings, at an aver...Read More
Turkish domestic scrap prices have fallen over the past week amid weakening imported scrap prices, sources said on Tuesday April 3.Metal Bulletin's weekly price assessment for domestic auto bundle (DKP grade) scrap in Turkey was TRY1,270-1,500 ($320-378) per tonne delivered, down from last week's TRY1,300-1,520 per tonne.A number of steel mills and a major scrapyard have reduced their buy prices f...Read More
Comex copper prices sustained momentum in the US morning on Tuesday April 3 with the fundamental outlook optimistic for the remainder of the year. Copper for May settlement on the Comex division of the New York Mercantile Exchange ticked up 0.10 cents or 0.1% to $3.0510 per lb. "While it is too early to assert that the rebound in copper will last, we think the bull market in copper will prevail th...Read More
Base metals prices on the London Metal Exchange are for the most part stronger this morning, Tuesday April 03, with prices up by an average of 0.7%. Copper, aluminium and nickel lead the advance with gains averaging 1.1% - with copper at $6,811 per tonne, followed by tin and zinc that are up by 0.7% and 0.3% respectively, while lead is bucking the trend with a 0.1% decline.Volume has been high wit...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia are expected to fall this week although some deals have been heard, sources told Metal Bulletin on Tuesday April 3.Demand was moderate in the UAE but continued to be weak in Saudi Arabia.UAEA cargo of 3,000 tonnes of hot-rolled coil (HRC) was booked at $620 per tonne cfr from China, while offers from the same origin were heard a...Read More
India's Tata Steel hit a peak hot-metal output of 10.95 million tonnes in the financial year ending March 2018 at its blast furnaces in Jamshedpur, compared with 10.83 million tonnes a year ago.It also achieved its best ever saleable steel production of 9.78 million tonnes in the financial year ending March 2018, compared to 9.7 million tonnes in the same period last year, the company said last we...Read More
Trading activity in China's hot-rolled coil market continued at a sluggish pace on Tuesday April 3 with both buyers and sellers waiting for a clearer pricing trend to emerge.DomesticEastern China (Shanghai): 3,850-3,880 yuan ($613-618) per tonne, widened downward by 10 yuan per tonneNorthern China (Tianjin): 3,840-3,870 yuan per tonne, widened downward by 10 yuan per tonneHRC prices widened downwa...Read More
Prices for imported billet in the United Arab Emirates were unchanged this week, while import rebar prices fell, sources told Metal Bulletin on Tuesday April 3. Demand for imported rebar in both the UAE and Saudi Arabia remained weak. Domestic rebar The major rebar producers in the UAE announced new rebar prices on March 26. The biggest steel producer, Emirates Steel, increased its rebar...Read More
India's Tata Steel hit a peak hot-metal output of 10.95 million tonnes in the financial year ending March 2018 at its blast furnaces in Jamshedpur, compared with 10.83 million tonnes a year ago.It also achieved its best ever saleable steel production of 9.78 million tonnes in the financial year ending March 2018, compared to 9.7 million tonnes in the same period last year, the company said last we...Read More
China's Guiling Pinggang Iron & Steel is to commission a new electric-arc furnace (EAF) mill by the second quarter of 2019, Metal Bulletin has learned.It will have a tapping weight of 120 tonnes and a 120-tonne twin ladle furnace.The EAF will be built in a new production facility in Pingle, Guilin, and aims to serve a growing rebar market, equipment maker Primetals said.It can be charged with ferr...Read More
Turkish steel producers have resumed their deep-sea scrap purchases following the recent sharp decrease in prices, sources said on Tuesday April 3.A steel producer in the Marmara region booked a European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25), 10,000 tonnes of shredded, 5,000 tonnes of a mixture of HMS 1 and plate and structural scrap (P&S), and 5,000 tonnes of new cuttings, at an aver...Read More
Turkish domestic scrap prices have fallen over the past week amid weakening imported scrap prices, sources said on Tuesday April 3.Metal Bulletin's weekly price assessment for domestic auto bundle (DKP grade) scrap in Turkey was TRY1,270-1,500 ($320-378) per tonne delivered, down from last week's TRY1,300-1,520 per tonne.A number of steel mills and a major scrapyard have reduced their buy prices f...Read More
Seaborne iron ore prices weakened slightly on Tuesday April 3 amid a subdued futures market, though buying interest appears to have increased. Metal Bulletin 62% Fe Iron Ore Index: $63.76 per tonne cfr Qingdao, down by $2.04 per tonne Metal Bulletin 58% Fe Premium Index: $52.09 per tonne cfr Qingdao, down by $0.40 per tonne Metal Bulletin 65% Fe Iron Ore Index: $81.50 per tonne cfr Qingd...Read More
India's Tata Steel hit a peak hot-metal output of 10.95 million tonnes in the financial year ending March 2018 at its blast furnaces in Jamshedpur, compared with 10.83 million tonnes a year ago.It also achieved its best ever saleable steel production of 9.78 million tonnes in the financial year ending March 2018, compared to 9.7 million tonnes in the same period last year, the company said last we...Read More
China's rebar prices lost their momentum and dropped on Tuesday April 3 on less bullish sentiment led by losses in the billet market as well as a softer futures market. Domestic Eastern China (Shanghai): 3,650-3,700 yuan ($581-589) per tonne, down 40-50 yuan per tonne Northern China (Beijing): 3,730-3,750 yuan per tonne, down 50 yuan per tonne Billet prices dropped late on Monday due to lower...Read More
Import offers for billet in Southeast Asia decreased over the past week amid sparse trading, while bids for slab have risen amid limited offers and growing demand for the product.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $540-550 per tonne cfr for the week ended Monday April 2, down $10-15 per tonne from a week earlier.Market participants said they did not...Read More
Chinese vanadium exporters experienced increased activity over the past week, while ferro-vanadium tightness continued to bolster prices in the United States and Europe. Chinese exporters see uptick in activity levels; V2O5 offers up on limited availability European ferro-vanadium market edges upward despite slowed spot market ahead of holidaysUS ferro-vanadium market continues ascent on supply co...Read More
Chinese ferro-silicon prices continued their downward trend over the past week, pressured by ample stocks and a negative outlook for the market due to weakness in the country's steel sector. Metal Bulletin assessed the Chinese domestic spot ferro-silicon (basis 75% silicon) price at 6,100-6,500 yuan ($971-1,035) per tonne on Friday March 30, compared with 6,500-7,000 yuan per tonne a week earlier....Read More
SHANGHAI, Apr 3 (SMM) – Nonferrous metals saw mixed trading today. SHFE zinc fell 1.2%, lead slid over 1%, nickel dipped, while aluminium gained 1.6%. Copper and tin inched up.Most ferrous metals fell. Iron ore lost 1.6%, coking coal and hot-rolled coil edged down slightly, while rebar and coke closed a bit higher.Copper: The SHFE 1805 contract traded rangebound around moving avera...Read More