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
The seaborne coking coal market continued to show signs of strengthening at the start of the week, with sellers holding on to their cargoes after prices picked up last week.An April-laycan cargo of premium mid-vol hard coking coal was traded at $218 per tonne fob Australia to the ex-China market, sources told Metal Bulletin on Monday March 19. "We are still watching where the market is headed now,...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,...Read More
Seaborne iron ore prices continued to fall toward the $65-per-tonne-cfr-China mark on Monday March 19 amid heavy losses in China's steel and futures markets.Key driversChina's ferrous futures tumbled across the board again, with the benchmark iron ore contract recording the biggest loss in percentage terms - 4.5% - compared with last Friday's settlement price.The country's spot rebar and hot-rolle...Read More
Taiwan saw its ferrous scrap imports rise 11.4% year on year in January, according to the territory's customs agency.The island imported 237,206 tonnes of ferrous scrap during that month, 24,282 tonnes higher than the 212,924 tonnes it took in a year earlier, data from its Customs Administration showed.January's imports are just slightly higher than the...Read More
Silicon prices in China moved down over the past week on reduced demand, while European prices were mixed.Chinese silicon export prices dropped due to sluggish demand after Japanese buying appetites waned.The Chinese grade 553 silicon export price fell 1.2% to $1,980-2,030 per tonne on Friday March 16 from $2,010-2,050 per tonne a week earlier.Despite low operational rates for grade 553 silicon pr...Read More