Nov 14 (Reuters) -For other diaries, please see:Top Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYPolitical and General NewsPOL/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY ----------------------------------------------------------- This Diary is filed daily. ** Indicates new events -----------------------------------------------...Read More
Nov 13 (Reuters) -For other diaries, please see:Political and General NewsPOL/DIARYTop Economic EventsM/DIARYEmerging Markets Economic Events EMRG/DIARYGovernment Debt AuctionsD/DIARYU.S. Federal ReserveFED/DIARYToday in WashingtonWASH/DIARY----------------------------------------------------------- This Diary is filed daily. ** Indicates new events ------------------------------------------------...Read More
The Comex copper price staged a modest recovery in the US morning on Tuesday November 13, with the dollar index showing some weakness and allowing the price to climb.The copper price for December settlement on the Comex division of the New York Mercantile Exchange recovered 1.75 cents to $2.6940 per lb.Also, renewed hopes for a US-China trade deal is lending support to the metals...Read More
The Turkish steel mills have continued their silence in the deep-sea scrap markets because of a downturn in rebar export values, sources said on Tuesday November 13.After booking two cargoes from the United States late last week, Turkish mills paused their purchases and started to watch the finished steel markets.But a couple of the latest rebar sales have indicated a decrease in prices, so the mi...Read More
The latest news and price moves to start the Asian day on Wednesday November 14.Base metal closing prices on the London Metal Exchange were mixed on Tuesday November 13, with lead showing the biggest positive move of the day while zinc failed to close above its nearby support level amid record-low LME inventories for both metals. Read more in our live futures report.Here are how prices l...Read More
A summary of base metals premiums from across the globe for the week to Tuesday November 13.Please click...Read More
Novelis will spend $175 million on expanding facilities at its Pindamonhangaba plant in South America, driven by solid consumer packaging demand, the US-headquartered firm said on Tuesday November 13. The rolled and recycled aluminium producer said the new facilities will expand rolling production by 100,000 tonnes to 680,000 tonnes per year of aluminium sheet, and recycling by 60,000 tonnes to 45...Read More
The export market for flat steel products from the Commonwealth of Independent States (CIS) softened further in the week ended Monday November 12 on low demand and a strong dollar.Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) narrowed downward to $490-495 per tonne fob Black Sea on November 12, from $490-510 per tonne fob Black Sea a week earlier."Prices are...Read More
Domestic rebar prices in the United Arab Emirates (UAE) have fallen along with low bids from customers, while imported rebar prices have remained stable over the past week.Steel billet prices, meanwhile, were becoming firmer because raw material prices have strengthened, while Iran-origin material was now absent from the market, sources told Fastmarkets on Tuesday November 13.Domestic rebarLocal p...Read More
Flat steel import prices in Saudi Arabia and the United Arab Emirates (UAE) have remained steady over the past seven days due to weak demand, but a recovery is likely in the next few weeks because of stronger pricing for raw materials, sources told Fastmarkets on Tuesday November 13.UAEPrices on Russia-origin offers of hot-rolled coil (HRC) into the UAE have been unchanged at $560-565 per tonne cf...Read More
The latest metal markets news and price moves to start the North American day on Tuesday November 13.Base metals on the London Metal Exchange were predominantly higher during morning trading on Tuesday November 13, with upward price action largely impervious to a continued surge in the US dollar index and optimism over US-China trade relations boosting commodity investments.Here's how base metals...Read More
CIS export slab prices inched up in the week ended Monday November 12 due to demand in Europe and Turkey helping CIS exporters to push to a somewhat higher level than previously expected.Fastmarkets' weekly CIS export slab price assessment was $455-465 per tonne fob Black Sea on November 12, up from $450-460 per tonne fob Black Sea a week earlier.Ukraine's Metinvest returned to the market - after...Read More
China's hot-rolled coil exporters lowered their offer prices on Tuesday November 13 to stimulate sales despite domestic prices being largely stable.DomesticEastern China (Shanghai): 3,800-3,820 yuan ($546-548) per tonne, narrowing downward by 10 yuan per tonneNorthern China (Tianjin): 3,820-3,840 yuan per tonne, unchangedTrading activity was moderate during the day after prices slumped a day earli...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: hot-rolled coilHot-rolled coilEast China, domestic,...Read More
The domestic Chinese ferro-silicon market was stable in the week ended Friday November 9, while the European price stabilized after the prior week's drop and the US ferro-silicon spot market held week on week. Chinese suppliers focus on domestic market, export price lower on yuan depreciation Europe steadies losses, awaits outcome of industry conference US market focuses on long-term...Read More
Low-grade manganese ore prices ticked up again on better demand, while thin trading knocked high-grade prices. Low-grade prices rise againHigh-grade prices slideSilico-manganese holds in China, ferro-manganese stirs upwardHigh-carbon ferro-manganese ticks up in Europe, drops in United States Silico-manganese holds in Europe, US Low-grade manganese ore prices continued edging up on Friday Nove...Read More
Ore and alloy prices weakened further in China, Europe and the United States as buyers in all three markets held back interest. Ore prices dip again in ChinaSpot domestic and imported ferro-chrome prices still sliding in ChinaAlloy prices hold in Japan, South KoreaAlloy prices weaken in Europe, US Chrome ore and alloy prices continued to soften in China on Friday November 9 amid minimal prompt dem...Read More
European ferro-vanadium and vanadium pentoxide (V2O5) prices gained further strength on the back of limited supply availability in the week ended November 9, while in the United States and China vanadium prices stabilized on subdued market activity.?EUR? Chinese export prices stabilize amid thin export activity due to favorable domestic market ?EUR? Europe FeV prices rise amid the lack of supply a...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 oreVale, tender, 82,728 tonnes of 62.93%...Read More
Seaborne iron ore prices continued to weaken on Tuesday November 13, yet higher premiums were paid for 62% Fe Australian fines.MB 62% Fe Iron Ore Index: $75.73 per tonne cfr Qingdao, down $0.32 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.53 per tonne cfr Qingdao, down $0.32 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $77.72 per tonne cfr Qingdao, down $1.06 per tonne.MB 58% Fe Premium I...Read More