Latest newshttp://www.metalbulletin.com/RSS.aspx?FeedID=1854©2017 MB60Latest newsSTEEL WEEK IN BRIEF: Iron ore, seaborne coking coal extend losses, EU rebar export offers up, ThyssenKrupp/Tata sign MoUMetal Bulletin reviews the major stories affecting the steel market over the past week.http://www.metalbulletin.com/Article/3753632/STEEL-WEEK-IN-BRIEF-Iron-ore-seaborne-coking-coal-extend-losses-EU-rebar-export-offers-up.htmlFri, 22 Sep 2017 20:13:00 GMTUK alloy steel scrap prices continue fall on weaker nickel priceThe UK inter-merchant price range for austenitic alloy steel scrap fell by £20-30 per tonne this week as the nickel price continued to weaken, sources said on Friday September 22. http://www.metalbulletin.com/Article/3753623/UK-alloy-steel-scrap-prices-continue-fall-on-weaker-nickel-price.htmlFri, 22 Sep 2017 17:52:00 GMTLIVE FUTURES REPORT 20/09: LME base metals slide at week end; nickel continues to plummet Base metals prices on the London Metal Exchange were mostly lower at the close on Friday September 22, with only tin finishing the week in positive territory.http://www.metalbulletin.com/Article/3753636/LIVE-FUTURES-REPORT-2009-LME-base-metals-slide-at-week-end-nickel-continues-to-plummet.htmlFri, 22 Sep 2017 17:45:00 GMTVotorantim Metais files for IPO to raise funds for growth projects Brazil’s Votorantim Metais (VM Holding) has filed for an initial public offering (IPO) in New York and Toronto, as it seeks to raise additional funding to its growth projects. http://www.metalbulletin.com/Article/3753629/Votorantim-Metais-files-for-IPO-to-raise-funds-for-growth-projects.htmlFri, 22 Sep 2017 17:40:00 GMTPolish rebar transaction prices up $14-17 on limited availability Polish steelmakers increased transaction prices for rebar by 50-60 zloty ($14-17) per tonne this week as output was reduced by higher production costs, sources told Metal Bulletin on Friday September 22. http://www.metalbulletin.com/Article/3753619/Polish-rebar-transaction-prices-up-14-17-on-limited-availability.htmlFri, 22 Sep 2017 17:35:00 GMTIndian import scrap prices expected to fall as market turns negativePrices for ferrous scrap arriving in containers into India are likely to drop in the coming weeks with the mood among market participants rapidly dropping, sources told Metal Bulletin on Friday September 22. http://www.metalbulletin.com/Article/3753626/Indian-import-scrap-prices-expected-to-fall-as-market-turns-negative.htmlFri, 22 Sep 2017 17:33:00 GMTWeak demand pulls down domestic Indian billet pricesIndian domestic billet prices ended up flat week-on-week on Friday September 22, as demand tapered off, neutralising gains made earlier in the week. http://www.metalbulletin.com/Article/3753627/Weak-demand-pulls-down-domestic-Indian-billet-prices.htmlFri, 22 Sep 2017 17:23:00 GMTERG works with WEF to launch Global Battery Alliance for ethical cobalt supply chain [CORRECTED][This story was corrected at 17:22 London Time to clarify that the Alliance was formed by the World Economic Forum.]http://www.metalbulletin.com/Article/3753232/ERG-works-with-WEF-to-launch-Global-Battery-Alliance-for-ethical-cobalt-supply-chain-[CORRECTED].htmlFri, 22 Sep 2017 17:22:00 GMTWEEKLY SCRAP WRAP: Turkish scrap prices crash, other markets set to followTurkish scrap import prices have crashed this week, in line with market oversupply and weak demand from the country’s steel mills, while other market prices were expected to follow. http://www.metalbulletin.com/Article/3753608/WEEKLY-SCRAP-WRAP-Turkish-scrap-prices-crash-other-markets-set-to-follow.htmlFri, 22 Sep 2017 17:20:00 GMTCBG, Rio Tinto Alcan declare force majeure on bauxite shipments after protests Compagnie des Bauxites de Guinée (CBG) has declared force majeure on bauxite shipments as a result of civil unrest in the country’s Boké region, an official from the company told Metal Bulletin. http://www.metalbulletin.com/Article/3753190/CBG-Rio-Tinto-Alcan-declare-force-majeure-on-bauxite-shipments-after-protests.htmlFri, 22 Sep 2017 17:00:00 GMTEU stainless mills push through base price hikes on higher costs, demandEuropean stainless steel base prices for both flat and long products have risen as mills pushed through price rises in response to robust demand and rising production costs, sources told Metal Bulletin on Friday September 22. http://www.metalbulletin.com/Article/3753578/EU-stainless-mills-push-through-base-price-hikes-on-higher-costs-demand.htmlFri, 22 Sep 2017 16:58:00 GMTLME WEEK 2017: What’s on and where?London Metal Exchange Week, the largest annual gathering of mining and metals figures in the world, starts on October 29 this year.http://www.metalbulletin.com/Article/3753147/LME-WEEK-2017-Whats-on-and-where.htmlFri, 22 Sep 2017 16:51:00 GMTCHINA COKE WRAP: Upward price momentum fades, official policy will set toneChina’s domestic and export coke prices have largely been levelling off after another jump in the past fortnight, while market participants wait for more certainty on the government’s policy for production restrictions. http://www.metalbulletin.com/Article/3753563/CHINA-COKE-WRAP-Upward-price-momentum-fades-official-policy-will-set-tone.htmlFri, 22 Sep 2017 16:48:00 GMTMB NON-FERROUS EUROPEAN SCRAP PRICE CHANGES 22/09The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday September 22:http://www.metalbulletin.com/Article/3753615/MB-NON-FERROUS-EUROPEAN-SCRAP-PRICE-CHANGES-2209.htmlFri, 22 Sep 2017 16:45:00 GMTMB NON-FERROUS PRICE CHANGES 22/09: Noble alloys, bulk alloys & ores The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday September 22:http://www.metalbulletin.com/Article/3753611/MB-NON-FERROUS-PRICE-CHANGES-2209-Noble-alloys-bulk-alloys-and-ores.htmlFri, 22 Sep 2017 16:39:00 GMTEurope Q4 ferro-chrome benchmark jumps 26% to $1.39/lb The European charge and high-carbon ferro-chrome benchmark price has jumped 29 cents or 26.4% to $1.39 per lb for the fourth quarter of 2017. http://www.metalbulletin.com/Article/3753574/Europe-Q4-ferro-chrome-benchmark-jumps-26-to-139lb.htmlFri, 22 Sep 2017 16:23:00 GMTMB NON-FERROUS PRICE CHANGES 22/09: Minor metalsThe following Metal Bulletin minor metals prices changed on Friday September 22:http://www.metalbulletin.com/Article/3753607/MB-NON-FERROUS-PRICE-CHANGES-2209-Minor-metals.htmlFri, 22 Sep 2017 16:23:00 GMTLIVE FUTURES REPORT 22/09: Comex copper price extends rout into weekend Comex copper prices are set to move into the weekend on a dour note with the red metal trading around a one-month low on Friday September 22. http://www.metalbulletin.com/Article/3753569/LIVE-FUTURES-REPORT-2209-Comex-copper-price-extends-rout-into-weekend.htmlFri, 22 Sep 2017 16:15:00 GMTDAILY SCRAP REPORT: Canadian deal pushes prices down furtherTurkish scrap import prices fell further on Friday September 22 with news of a fresh Canadian deal. http://www.metalbulletin.com/Article/3753499/DAILY-SCRAP-REPORT-Canadian-deal-pushes-prices-down-further.htmlFri, 22 Sep 2017 16:07:00 GMTMINOR METALS MARKET REPORT 22/09: Antimony prices edge down in a quiet market; indium moves up as supply tightens An overview of the minor metals markets and the reasons for any price moves.http://www.metalbulletin.com/Article/3753567/MINOR-METALS-MARKET-REPORT-2209-Antimony-prices-edge-down-in-a-quiet-market-indium-moves-up-as-supply.htmlFri, 22 Sep 2017 16:05:00 GMTUK 5C scrap prices drop on reduced demand from Turkey, currency strengthUK light iron scrap prices fell this week as demand from Turkey declined and sterling picked up against the US dollar with the pound gaining about five cents over the past two weeks. http://www.metalbulletin.com/Article/3753482/UK-5C-scrap-prices-drop-on-reduced-demand-from-Turkey-currency-strength.htmlFri, 22 Sep 2017 16:05:00 GMTTaiwanese scrap import prices inch down in generally stable marketTaiwan’s prices for imports of containerised HMS-grade ferrous scrap have gone down slightly over the past week on lower deals heard, while domestic scrap was still preferred and local rebar demand has continued to be weak. http://www.metalbulletin.com/Article/3753497/Taiwanese-scrap-import-prices-inch-down-in-generally-stable-market.htmlFri, 22 Sep 2017 15:50:00 GMTCHINA MINOR METALS MARKET REPORT 22/09: Germanium recovers 1.3%; selenium dioxide drops nearly 3%An overview of China’s minor metals markets in the week of September 18-22 and the reasons for any price moves.http://www.metalbulletin.com/Article/3753315/CHINA-MINOR-METALS-MARKET-REPORT-2209-Germanium-recovers-13-selenium-dioxide-drops-nearly-3.htmlFri, 22 Sep 2017 14:18:00 GMTJinrun Tellurium restarts production; targets output of 2-3t in October Hunan Jinrun Tellurium ended its four-month suspension on Wednesday September 20 by restarting production at its new location of Yongxing Economic Development Zone’s Bolin industrial park, the company manager Wenwen Liu told Metal Bulletin. http://www.metalbulletin.com/Article/3753285/Jinrun-Tellurium-restarts-production-targets-output-of-2-3t-in-October.htmlFri, 22 Sep 2017 14:11:00 GMTINTERVIEW: LME sees new trading platforms as complementary – ceoNew trading platforms could serve a complementary function rather than a competitive role to the London Metal Exchange, ceo Matt Chamberlain said in an interview.http://www.metalbulletin.com/Article/3753348/INTERVIEW-LME-sees-new-trading-platforms-as-complementaryceo.htmlFri, 22 Sep 2017 13:15:00 GMTIRON ORE PRICES: Benchmark index falls below $65 per tonneSeaborne iron ore prices dropped further on Friday September 22, with worries about demand, prompted by impending steel output cuts, weighing further on the outlook. http://www.metalbulletin.com/Article/3753375/IRON-ORE-PRICES-Benchmark-index-falls-below-65-per-tonne.htmlFri, 22 Sep 2017 12:50:00 GMTWorldwide DRI output up 3% in August, Worldsteel saysGlobal output of direct reduced iron (DRI) increased by 2.57% year-on-year in August 2017, according to the World Steel Assn (Worldsteel). http://www.metalbulletin.com/Article/3753264/Worldwide-DRI-output-up-3-in-August-Worldsteel-says.htmlFri, 22 Sep 2017 12:48:00 GMTChina’s rebar prices plunge as futures tumble onChina’s spot rebar prices fell sharply on Friday September 22, having held steady a day earlier, as the futures market logged big losses. http://www.metalbulletin.com/Article/3753253/Chinas-rebar-prices-plunge-as-futures-tumble-on.htmlFri, 22 Sep 2017 12:38:00 GMTChina’s HRC prices dive as bearish sentiment risesChina’s hot rolled coil prices plunged on Friday September 22 as bearish sentiment intensified amid poor procuring interest and falling futures.http://www.metalbulletin.com/Article/3753251/Chinas-HRC-prices-dive-as-bearish-sentiment-rises.htmlFri, 22 Sep 2017 12:27:00 GMTINTERVIEW: LME is building tech to list multiple contracts in parallel – ceo The London Metal Exchange has been investing in and building on its technological capabilities, which will give it the ability to list many products simultaneously, ceo Matthew Chamberlain told Metal Bulletin. http://www.metalbulletin.com/Article/3753319/INTERVIEW-LME-is-building-tech-to-list-multiple-contracts-in-parallelceo.htmlFri, 22 Sep 2017 12:26:00 GMT