Top Storieshttp://www.metalbulletin.com/RSS.aspx?FeedID=2429©2020 MB60Top StoriesWEEKLY BASE METAL PREMIUMS REPORT: 07/07A summary of base metals premiums from across the globe for the week to Tuesday July 7.http://www.metalbulletin.com/Article/3940709/WEEKLY-BASE-METAL-PREMIUMS-REPORT-0707.htmlTue, 07 Jul 2020 21:42:00 GMTTrade log: Cobalt alloy grade, in-whs Rotterdam, $/lb The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. http://www.metalbulletin.com/Article/3940710/Trade-log-Cobalt-alloy-grade-in-whs-Rotterdam-lb.htmlTue, 07 Jul 2020 17:38:00 GMTTrade log: Cobalt standard grade, in-whs Rotterdam, $/lb The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets. http://www.metalbulletin.com/Article/3940711/Trade-log-Cobalt-standard-grade-in-whs-Rotterdam-lb.htmlTue, 07 Jul 2020 17:35:00 GMTLIVE FUTURES REPORT 07/07: LME lead price finds support; copper flips to contangoThe three-month price of lead on the London Metal Exchange was at the top of the list of gains at the close of trading on Tuesday July 7, with the price appreciating by 1.5% to push above nearby resistance levels, while a continued rise in LME copper futures took the red metal to a six-month high. http://www.metalbulletin.com/Article/3940707/LIVE-FUTURES-REPORT-0707-LME-lead-price-finds-support-copper-flips-to-contango.htmlTue, 07 Jul 2020 17:25:00 GMTPRICING NOTICE: Proposal to discontinue 5 precious metals price assessmentsFastmarkets proposes to discontinue five precious metals price assessments due to the limited liquidity of the markets in question and to focus on its core markets. http://www.metalbulletin.com/Article/3939885/PRICING-NOTICE-Proposal-to-discontinue-5-precious-metals-price-assessments.htmlTue, 07 Jul 2020 17:08:00 GMTGULF FLAT STEEL IMPORTS: Low demand keeps prices broadly steadyHot-rolled coil import prices in the United Arab Emirates inched upward this week while hot-dipped galvanized coil prices narrowed downward, but demand was moderate, sources told Fastmarkets on Tuesday July 7. http://www.metalbulletin.com/Article/3940642/GULF-FLAT-STEEL-IMPORTS-Low-demand-keeps-prices-broadly-steady.htmlTue, 07 Jul 2020 16:10:00 GMTEUROPE HRC: Domestic prices inch up in north, mills to seek further risesDomestic transaction prices for hot-rolled coil in Northern Europe moved up slightly day on day on Tuesday July 7, with steelmakers insisting on further price rises, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3940643/EUROPE-HRC-Domestic-prices-inch-up-in-north-mills-to-seek-further-rises.htmlTue, 07 Jul 2020 15:36:00 GMTDAILY STEEL SCRAP: Prices steady on low demand but more bookings likelyTurkish steel producers continued to hold back from the deep-sea scrap markets on the second working day of the week because of the soft markets for finished long steel products, sources said on Tuesday July 7. http://www.metalbulletin.com/Article/3940644/DAILY-STEEL-SCRAP-Prices-steady-on-low-demand-but-more-bookings-likely.htmlTue, 07 Jul 2020 15:25:00 GMTFirst Quantum to resume full production at Cobre Panama copper projectFirst Quantum Minerals is to resume production at its Cobre Panama copper project after Panama's government lifted its Covid-19 suspension of operations at the site. http://www.metalbulletin.com/Article/3940611/First-Quantum-to-resume-full-production-at-Cobre-Panama-copper-project.htmlTue, 07 Jul 2020 14:54:00 GMTIRON ORE DAILY: Seaborne prices increase on futures markets gainsSeaborne iron ore prices stayed bullish on Tuesday July 7, largely following the upward trend observed in the futures market, sources told Fastmarkets.http://www.metalbulletin.com/Article/3940599/IRON-ORE-DAILY-Seaborne-prices-increase-on-futures-markets-gains.htmlTue, 07 Jul 2020 12:40:00 GMTCOKING COAL DAILY: Seaborne prices flat on lack of market driversSeaborne coking coal prices remained relatively flat on Tuesday July 7 due to a lack of drivers for the market, sources said.http://www.metalbulletin.com/Article/3940594/COKING-COAL-DAILY-Seaborne-prices-flat-on-lack-of-market-drivers.htmlTue, 07 Jul 2020 12:25:00 GMTNEWSBREAK: Demonstrations halt road transportation in South AfricaProtests on Tuesday July 7 have halted road freight transportation in South Africa. http://www.metalbulletin.com/Article/3940593/NEWSBREAK-Demonstrations-halt-road-transportation-in-South-Africa.htmlTue, 07 Jul 2020 11:48:00 GMTMANGANESE ORE ANALYTICS: July 6, 2020 The latest data for the global manganese ore market for the week ended Monday July 6, 2020.http://www.metalbulletin.com/Article/3940588/MANGANESE-ORE-ANALYTICS-July-6-2020.htmlTue, 07 Jul 2020 10:36:00 GMTMORNING VIEW: Base metals prices hold firm, most Asian equities weaker while China’s rally continuesWith the exception of China’s CSI 300, Asian-Pacific equities and pre-market major western equity futures were weaker this morning, Tuesday July 7, while base metals prices on the London Metal Exchange were mixed, although in general were holding up well. http://www.metalbulletin.com/Article/3940581/MORNING-VIEW-Base-metals-prices-hold-firm-most-Asian-equities-weaker-while-Chinas-rally-continues.htmlTue, 07 Jul 2020 09:09:00 GMTIN CASE YOU MISSED IT: 5 key stories from July 6Here are five Fastmarkets stories you might have missed on Monday July 6 that are worth another look.http://www.metalbulletin.com/Article/3940561/IN-CASE-YOU-MISSED-IT-5-key-stories-from-July-6.htmlTue, 07 Jul 2020 00:05:00 GMTKCM says portion of Nchanga open-pit copper mine set to collapseKonkola Copper Mines (KCM) has predicted an impending collapse of a portion of its Nchanga open-pit copper mine in Zambia after a series of geotechnical assessments found some slope instability. http://www.metalbulletin.com/Article/3940549/KCM-says-portion-of-Nchanga-open-pit-copper-mine-set-to-collapse.htmlMon, 06 Jul 2020 22:18:00 GMTNarrow smelter margins, cautious buying put further pressure on manganese ore prices Seaborne manganese ore prices continued to face pressure last week against a backdrop of falling portside ore prices, weak alloy futures contracts, and lower-than-expected tender price for July-delivery silico-manganese from Hebei Steel, China’s second largest steel mill. http://www.metalbulletin.com/Article/3940390/Narrow-smelter-margins-cautious-buying-put-further-pressure-on-manganese-ore-prices.htmlMon, 06 Jul 2020 17:25:00 GMTLIVE FUTURES REPORT 06/07: LME nickel price continues rally; copper clears $6,100The three-month nickel price on the London Metal Exchange was the standout performer at the close of trading on Monday July 6, with turnover at its highest since June 2, while copper futures similarly found momentum over the afternoon, closing above nearby resistance. http://www.metalbulletin.com/Article/3940523/LIVE-FUTURES-REPORT-0607-LME-nickel-price-continues-rally-copper-clears-6100.htmlMon, 06 Jul 2020 17:08:00 GMTDAILY STEEL SCRAP REPORT: Turkish mills book cargoes from UK, Baltic Sea; prices slip backTurkish steel producers continued their deep-sea scrap purchases for late July and August shipments, although prices slipped back after spiking on Friday, sources told Fastmarkets on Monday July 6. http://www.metalbulletin.com/Article/3940444/DAILY-STEEL-SCRAP-REPORT-Turkish-mills-book-cargoes-from-UK-Baltic-Sea-prices-slip-back.htmlMon, 06 Jul 2020 16:38:00 GMTCIS FLAT STEEL: Market dull with Turkish traders fully stockedThe export market for flat steel products from the Commonwealth of Independent States was quiet during the week ended Monday July 6, on low trading activity. http://www.metalbulletin.com/Article/3940509/CIS-FLAT-STEEL-Market-dull-with-Turkish-traders-fully-stocked.htmlMon, 06 Jul 2020 16:25:00 GMTRESEARCH: Key takeaways from the latest Steel Scrap, Metallics Market TrackerThe latest forecasts from Fastmarkets’ team of analysts are ready to view.http://www.metalbulletin.com/Article/3940415/RESEARCH-Key-takeaways-from-the-latest-Steel-Scrap-Metallics-Market-Tracker.htmlMon, 06 Jul 2020 16:20:00 GMTPRICING NOTICE: Proposal to increase pricing frequency of cobalt hydroxide index cif China Fastmarkets is proposing to increase the pricing frequency of its cobalt hydroxide index, 30% Co min, cif China to fortnightly from monthly at present. http://www.metalbulletin.com/Article/3935198/PRICING-NOTICE-Proposal-to-increase-pricing-frequency-of-cobalt-hydroxide-index-cif-China.htmlMon, 06 Jul 2020 16:13:00 GMTEUROPE HRC: Northern European prices up but mills seek further risesDomestic transaction prices for hot-rolled coil in Northern Europe inched upward day on day on Monday July 6 with steelmakers insisting on further price rises, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3940481/EUROPE-HRC-Northern-European-prices-up-but-mills-seek-further-rises.htmlMon, 06 Jul 2020 15:50:00 GMTCodelco suspends El Teniente copper mine expansion to combat Covid-19 Codelco had demobilized staff and suspended construction at its El Teniente project in Chile to contain the rapidly spreading Covid-19 virus in the region, the company said on Saturday July 4. http://www.metalbulletin.com/Article/3940398/Codelco-suspends-El-Teniente-copper-mine-expansion-to-combat-Covid-19.htmlMon, 06 Jul 2020 14:40:00 GMTIRON ORE DAILY: Seaborne prices rise on active tradingIron ore prices rose again on Monday July 6 amid active trading in the seaborne and futures markets. http://www.metalbulletin.com/Article/3940363/IRON-ORE-DAILY-Seaborne-prices-rise-on-active-trading.htmlMon, 06 Jul 2020 14:30:00 GMTRUSSIA FLAT STEEL: Prices widen on higher mill offersDomestic sheet steel prices in Russia’s Central Federal district around Moscow widened upward in the week to Monday July 6 due to higher offers from producers, although buying activity remained moderate, sources told Fastmarkets on Monday. http://www.metalbulletin.com/Article/3940400/RUSSIA-FLAT-STEEL-Prices-widen-on-higher-mill-offers.htmlMon, 06 Jul 2020 14:00:00 GMTWEBINAR: Infrastructural steel, ferro-alloys have ‘great prospects’ in H2 China’s infrastructure spending has aided the steel market’s recovery from the effects of Covid-19 shutdowns and is very likely to facilitate “a great prospective” for the consumption of steel and ferro-alloys used in infrastructure, delegates heard at Fastmarkets’ “Covid-19 and Asian ferro-alloys market” webinar on Tuesday June 30. http://www.metalbulletin.com/Article/3940340/WEBINAR-Infrastructural-steel-ferro-alloys-have-great-prospects-in-H2.htmlMon, 06 Jul 2020 12:49:00 GMTCOKING COAL DAILY: Seaborne premium prices edge down; sentiment turns negativeSeaborne premium hard coking coal prices edged down on Monday July 6, with no transactions heard and market sentiment turning negative. http://www.metalbulletin.com/Article/3940387/COKING-COAL-DAILY-Seaborne-premium-prices-edge-down-sentiment-turns-negative.htmlMon, 06 Jul 2020 12:47:00 GMTEUROPE HRC WRAP: Domestic prices start to rise despite weak demand recoveryDomestic prices for steel hot-rolled coil moved up across Europe in the week ended Friday July 3 despite the revival in demand being slow. http://www.metalbulletin.com/Article/3940388/EUROPE-HRC-WRAP-Domestic-prices-start-to-rise-despite-weak-demand-recovery.htmlMon, 06 Jul 2020 12:10:00 GMTEuropean ferro-chrome benchmark stable at $1.14 per lb for Q3 The European charge and high carbon ferro-chrome benchmark for the third quarter of 2020 is $1.14 per lb, unchanged quarter on quarter. http://www.metalbulletin.com/Article/3940361/European-ferro-chrome-benchmark-stable-at-114-per-lb-for-Q3.htmlMon, 06 Jul 2020 12:03:00 GMTCHINA REBAR: Trading active despite heavy rainsChina’s rebar market in the east posted active trading on Monday July 6 amid high futures prices, although demand overall is expected to be weak due to the heavy rains in the south and east. http://www.metalbulletin.com/Article/3940349/CHINA-REBAR-Trading-active-despite-heavy-rains.htmlMon, 06 Jul 2020 11:08:00 GMTMORNING VIEW: Base metals prices firmer amid strength in broader markets in AsiaAsian equities markets were stronger this morning, Monday July 6, and that has helped drive gains averaging 0.8% across the three-month bases metals prices on London Metal Exchange.http://www.metalbulletin.com/Article/3940342/MORNING-VIEW-Base-metals-prices-firmer-amid-strength-in-broader-markets-in-Asia.htmlMon, 06 Jul 2020 08:29:00 GMTSHFE STOCKS REPORT 03/07: Lead inventories climb 17.3%; tin down 3.4%Deliverable lead stocks in Shanghai Futures Exchange-registered warehouses rose the most in percentage terms among the base metals in the week to Friday July 3, with an increase of 4,029 tonnes (17.3%) to 27,362 tonnes.http://www.metalbulletin.com/Article/3940337/SHFE-STOCKS-REPORT-0307-Lead-inventories-climb-173-tin-down-34.htmlMon, 06 Jul 2020 03:21:00 GMTIN CASE YOU MISSED IT: 5 key stories from July 3Here are five Fastmarkets stories you might have missed on Friday July 3 that are worth another look.http://www.metalbulletin.com/Article/3940324/IN-CASE-YOU-MISSED-IT-5-key-stories-from-July-3.htmlFri, 03 Jul 2020 23:05:00 GMTBrazilian slab export prices narrow downward in recent dealsBrazilian export prices for steel slab inched downward in the week ended Friday July 3 with recent deals closed near the lower end of the assessed range and higher offers being rejected. http://www.metalbulletin.com/Article/3940332/Brazilian-slab-export-prices-narrow-downward-in-recent-deals.htmlFri, 03 Jul 2020 20:00:00 GMTSouth American steel import prices mostly stable as September negotiations startThe majority of import prices for flat-rolled steel in South America were static during the week to Friday July 3 with market participants gauging the interest for September-shipment cargoes in the region, but some prices increased due to higher offers from China. http://www.metalbulletin.com/Article/3940328/South-American-steel-import-prices-mostly-stable-as-September-negotiations-start.htmlFri, 03 Jul 2020 19:15:00 GMTWEEKLY SCRAP WRAP: Prices down globally amid thin demandSteel scrap prices in the global markets continued to fall in the working week ended Friday July 3, with the exception of Turkey, which secured a cargo at a higher price as the week closed. http://www.metalbulletin.com/Article/3940120/WEEKLY-SCRAP-WRAP-Prices-down-globally-amid-thin-demand.htmlFri, 03 Jul 2020 18:30:00 GMTUS PIG IRON: Market soft before holiday on lower scrap price expectationsThe pig iron market in the United States was soft and quiet during the week ended Friday July 3 because of the country’s Independence Day holiday and expectations of lower scrap prices. http://www.metalbulletin.com/Article/3940317/US-PIG-IRON-Market-soft-before-holiday-on-lower-scrap-price-expectations.htmlFri, 03 Jul 2020 18:05:00 GMTUK STEEL SCRAP WEEKLY: Market stability continues on low deliveries into yardsThe inter-merchant spot price for light iron scrap in the UK was steady in the week ended Friday July 3, extending a run of stability into a third week, with the market supported by relatively low volumes of scrap being delivered into yards, trade sources said. http://www.metalbulletin.com/Article/3940321/UK-STEEL-SCRAP-WEEKLY-Market-stability-continues-on-low-deliveries-into-yards.htmlFri, 03 Jul 2020 17:50:00 GMTProduction resumes at Hydro’s Paragominas mine, Alunorte alumina refinery The power supply to the Paragominas bauxite mine, in the state of Pará in northern Brazil, has been restored, producer Hydro said on Friday July 3. http://www.metalbulletin.com/Article/3940198/Production-resumes-at-Hydros-Paragominas-mine-Alunorte-alumina-refinery.htmlFri, 03 Jul 2020 16:27:00 GMTNOBLE ALLOYS MARKET REPORT 03/07: Molybdenum edges down as buying appetite from Asia slows An overview of the noble alloys markets and the reasons for any price moves.http://www.metalbulletin.com/Article/3940189/NOBLE-ALLOYS-MARKET-REPORT-0307-Molybdenum-edges-down-as-buying-appetite-from-Asia-slows.htmlFri, 03 Jul 2020 16:14:00 GMTINDIA STEEL SCRAP: Weak market knocks prices down furtherThe price of ferrous scrap in containers imported into India edged downward again over the past week, with demand remaining at low levels, sources told Fastmarkets on Friday July 3. http://www.metalbulletin.com/Article/3940196/INDIA-STEEL-SCRAP-Weak-market-knocks-prices-down-further.htmlFri, 03 Jul 2020 15:40:00 GMTRio Tinto sees 15% less copper reserves in Oyu Tolgoi after plan changes The volume of recoverable copper reserves at Rio Tinto's Oyu Tolgoi mine has dropped by 15% in the latest mine plan, according to a regulatory filing released on Friday July 3. http://www.metalbulletin.com/Article/3940187/Rio-Tinto-sees-15-less-copper-reserves-in-Oyu-Tolgoi-after-plan-changes.htmlFri, 03 Jul 2020 15:40:00 GMTTURKEY FLAT STEEL: Market slows down, prices remain stableDomestic prices for hot-rolled and cold-rolled coil remained stable in Turkey during the week ended Friday July 3, with demand weak, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3940188/TURKEY-FLAT-STEEL-Market-slows-down-prices-remain-stable.htmlFri, 03 Jul 2020 15:10:00 GMTTata Steel seals deal with union in Netherlands to end industrial actionTata Steel has reached an agreement with trade union FNV Metaal over its Dutch assets, bringing an end to 25 days of industrial action, the company said on Friday July 3. http://www.metalbulletin.com/Article/3940134/Tata-Steel-seals-deal-with-union-in-Netherlands-to-end-industrial-action.htmlFri, 03 Jul 2020 15:03:00 GMTIRON ORE DAILY: 62% Fe index returns to $100-mark amid gains in futuresSeaborne iron ore prices went up on Friday July 3, crossing the $100 per tonne threshold once more after falling below the mark in late June. http://www.metalbulletin.com/Article/3940184/IRON-ORE-DAILY-62-Fe-index-returns-to-100-mark-amid-gains-in-futures.htmlFri, 03 Jul 2020 13:17:00 GMTCOKING COAL DAILY: Seaborne prices diverge; most market participants standbySeaborne coking coal prices diverged on Friday July 3, with market participants taking a wait-and-see attitude toward the market, Fastmarkets was told.http://www.metalbulletin.com/Article/3940178/COKING-COAL-DAILY-Seaborne-prices-diverge-most-market-participants-standby.htmlFri, 03 Jul 2020 12:45:00 GMTChinese alumina market ‘lights up’ as SHFE aluminium price hits six-month high Market activity in the domestic Chinese alumina market jumped up in the second half of the week to Thursday July 2 after the Shanghai Futures Exchange aluminium futures price rose to its highest since January 23. http://www.metalbulletin.com/Article/3940133/Chinese-alumina-market-lights-up-as-SHFE-aluminium-price-hits-six-month-high.htmlFri, 03 Jul 2020 11:33:00 GMTLIVE FUTURES REPORT 03/07: LME nickel price bucks downtrend with 1.3% climb; copper spread swings to backwardation The three-month nickel price on the London Metal Exchange surged by more than 1% during morning trading on Friday July 3 amid strong turnover, while tight forward spreads cooled interest in LME copper futures. http://www.metalbulletin.com/Article/3940135/LIVE-FUTURES-REPORT-0307-LME-nickel-price-bucks-downtrend-with-13-climb-copper-spread-swings-to.htmlFri, 03 Jul 2020 10:44:00 GMTFive key drivers in the aluminium Rotterdam duty-paid market for Q3With the first half of a volatile 2020 finished, participants in the aluminium Rotterdam duty-paid market expect United States-Canada trade policies, premium forwards, spreads and a complicated 2021 mating season to drive premiums in the coming months. http://www.metalbulletin.com/Article/3940090/Five-key-drivers-in-the-aluminium-Rotterdam-duty-paid-market-for-Q3.htmlFri, 03 Jul 2020 09:00:00 GMTMORNING VIEW: Metals pause for thought, but remain buoyant overallMarkets were mixed this morning, Friday July 3, with Asian-Pacific equities generally higher and pre-market western equity index futures weaker, while the base metals and precious metals were mixed.http://www.metalbulletin.com/Article/3940125/MORNING-VIEW-Metals-pause-for-thought-but-remain-buoyant-overall.htmlFri, 03 Jul 2020 08:53:00 GMTChina’s top copper smelters slash Q3 TC/RCs buying floor amid supply concernsChina’s top copper smelters have slashed the treatment and refining charges (TC/RCs) purchase price floor for the third quarter of 2020 by around 18% from the prior quarter, a source with direct knowledge of the matter told Fastmarkets.http://www.metalbulletin.com/Article/3940121/Chinas-top-copper-smelters-slash-Q3-TCRCs-buying-floor-amid-supply-concerns.htmlFri, 03 Jul 2020 08:27:00 GMTFOCUS: 5 things to look out for in seaborne met coal market in H2The Covid-19 pandemic that is sweeping across the world this year has changed the landscape of the seaborne coking coal market drastically.http://www.metalbulletin.com/Article/3939764/FOCUS-5-things-to-look-out-for-in-seaborne-met-coal-market-in-H2.htmlFri, 03 Jul 2020 08:00:00 GMTIN CASE YOU MISSED IT: 5 key stories from July 2Here are five Fastmarkets stories you might have missed on Thursday July 2 that are worth another look.http://www.metalbulletin.com/Article/3940115/IN-CASE-YOU-MISSED-IT-5-key-stories-from-July-2.htmlFri, 03 Jul 2020 00:05:00 GMTChilean copper production up 1% in May - CochilcoChile produced 492,500 tonnes in copper content during May, up 1% from 487,800 tonnes in the corresponding month of 2019, according to data from the country’s copper commission Cochilco on Thursday July 2.http://www.metalbulletin.com/Article/3940107/Chilean-copper-production-up-1-in-May-Cochilco.htmlThu, 02 Jul 2020 22:47:00 GMTEUROPE CRC: Domestic prices up on demand recovery, higher feedstock costsEuropean domestic prices for cold-rolled coil moved up over the week ended Wednesday July 1, supported by a degree of demand revival and higher prices for hot-rolled coil feedstock, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3940103/EUROPE-CRC-Domestic-prices-up-on-demand-recovery-higher-feedstock-costs.htmlThu, 02 Jul 2020 18:14:00 GMTEUROPE HRC: Transaction prices inch further up in the northThe daily index for hot-rolled coil in Northern Europe has inched up further supported by demand recovery and the continuing lack of competitive imports, sources told Fastmarkets on Thursday July 2. http://www.metalbulletin.com/Article/3940097/EUROPE-HRC-Transaction-prices-inch-further-up-in-the-north.htmlThu, 02 Jul 2020 18:05:00 GMTLIVE FUTURES REPORT 02/07: Positive US jobs data boosts LME base metals; copper spread narrowsThree-month prices for base metals on the London Metal Exchange were higher at the close of trading on Thursday July 2, with positive employment statistics from the United States lending support to the complex, while forward-buying in LME copper futures prompted a tightening of the metal’s forward curve. http://www.metalbulletin.com/Article/3940091/LIVE-FUTURES-REPORT-0207-Positive-US-jobs-data-boosts-LME-base-metals-copper-spread-narrows.htmlThu, 02 Jul 2020 17:02:00 GMTDAILY STEEL SCRAP: Market quiet while mills await clear price directionThe Turkish scrap import market was quiet on Thursday July 2, following two bookings on Wednesday, with mills stepping back to wait for lower prices, sources told Fastmarkets. http://www.metalbulletin.com/Article/3940076/DAILY-STEEL-SCRAP-Market-quiet-while-mills-await-clear-price-direction.htmlThu, 02 Jul 2020 16:39:00 GMTTURKEY FLAT STEEL WRAP: Prices rally mid-June with modest buying activity Most Turkish flat steel prices hit a monthly peak on June 12, following feedstock prices, before edging back down when buyers concluded their procurement activity, market participants told Fastmarkets on Thursday July 2. http://www.metalbulletin.com/Article/3940014/TURKEY-FLAT-STEEL-WRAP-Prices-rally-mid-June-with-modest-buying-activity.htmlThu, 02 Jul 2020 16:22:00 GMTHOTTER ON METALS: Looking for (LME) optionsThe London Metal Exchange is looking for ways to boost its options market, which has been struggling for some years to replicate the growth seen in the same sector among its peers. http://www.metalbulletin.com/Article/3940017/HOTTER-ON-METALS-Looking-for-LME-options.htmlThu, 02 Jul 2020 15:40:00 GMTBHP to scale down operations, cut jobs at Cerro Colorado copper mine in ChileBHP is to scale down operations and cut jobs at its Cerro Colorado copper mine in Chile's Atacama Desert, the company said on Thursday July 2. http://www.metalbulletin.com/Article/3939981/BHP-to-scale-down-operations-cut-jobs-at-Cerro-Colorado-copper-mine-in-Chile.htmlThu, 02 Jul 2020 15:31:00 GMTHebei Steel slashes July silico-manganese tender price by $127/tHebei Steel, China’s second-largest steel mill, has finalized its purchase price for July-delivery silico-manganese at 6,500 yuan ($920) per tonne, market participants told Fastmarkets on Thursday July 2. http://www.metalbulletin.com/Article/3939986/Hebei-Steel-slashes-July-silico-manganese-tender-price-by-127t.htmlThu, 02 Jul 2020 15:25:00 GMTIRON ORE DAILY: Seaborne prices stable in active tradingIron ore prices maintained their current level on Thursday July 1 amid active trading in the seaborne market and the ports in China, sources told Fastmarkets.http://www.metalbulletin.com/Article/3939976/IRON-ORE-DAILY-Seaborne-prices-stable-in-active-trading.htmlThu, 02 Jul 2020 12:38:00 GMTKey takeaways from the latest Stainless Steel TrackerThe latest forecasts from Fastmarkets' team of analysts is ready to view.http://www.metalbulletin.com/Article/3939969/Key-takeaways-from-the-latest-Stainless-Steel-Tracker.htmlThu, 02 Jul 2020 12:12:00 GMTTRADE CASE MONITOR: Around the world's steel markets in June 2020With competition in the global steel markets remaining fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world for June 2020.http://www.metalbulletin.com/Article/3939953/TRADE-CASE-MONITOR-Around-the-worlds-steel-markets-in-June-2020.htmlThu, 02 Jul 2020 11:53:00 GMTMORNING VIEW: Markets buoyant on vaccine hope; all eyes on today’s US employment reportMarkets participants are in an optimistic mood while they focus on economic data that is improving and hopes of a Covid-19 vaccine this morning, Thursday July 2, while apparently choosing not to focus on the havoc that the pandemic is causing.http://www.metalbulletin.com/Article/3939958/MORNING-VIEW-Markets-buoyant-on-vaccine-hope-all-eyes-on-todays-US-employment-report.htmlThu, 02 Jul 2020 09:45:00 GMTBP shift to renewables set to boost steel demandGlobal oil major BP's shift to renewable energy is set to significantly increase demand for steel. http://www.metalbulletin.com/Article/3939946/BP-shift-to-renewables-set-to-boost-steel-demand.htmlThu, 02 Jul 2020 09:02:00 GMTEXCLUSIVE: Antofagasta signs H1 2021 copper TC/RC contracts with Tongling, Jiangxi Copper in low $60s/tChilean copper miner Antofagasta has agreed to supply major Chinese smelters Tongling Nonferrous and Jiangxi Copper with copper concentrates in the first half of 2021, Fastmarkets understands.http://www.metalbulletin.com/Article/3939952/EXCLUSIVE-Antofagasta-signs-H1-2021-copper-TCRC-contracts-with-Tongling-Jiangxi-Copper-in-low-60st.htmlThu, 02 Jul 2020 08:53:00 GMTIRON ORE MONTHLY: SGX 65% Fe contract trading volumes hit new highRobust steel production rates in China kept seaborne iron ore prices above $100 per tonne cfr China for the whole of June, but meager profit margins are beginning to keep Chinese mills away from higher grades of the steelmaking raw material. http://www.metalbulletin.com/Article/3939763/IRON-ORE-MONTHLY-SGX-65-Fe-contract-trading-volumes-hit-new-high.htmlThu, 02 Jul 2020 08:45:00 GMTChina's stainless steel prices rise on increase in restocking activityChina’s domestic stainless steel prices edged up over the past week due to stock replenishing activity, with export prices following the upward move. http://www.metalbulletin.com/Article/3939950/Chinas-stainless-steel-prices-rise-on-increase-in-restocking-activity.htmlThu, 02 Jul 2020 08:38:00 GMTShanghai bonded copper, aluminium stocks fall on open arb; zinc, nickel inventories upCopper stocks at Shanghai bonded warehouses fell to a fresh all-time low at the end of June following the reopening of the import arbitrage window in China, while aluminium inventories also declined for the same reason. http://www.metalbulletin.com/Article/3939852/Shanghai-bonded-copper-aluminium-stocks-fall-on-open-arb-zinc-nickel-inventories-up.htmlThu, 02 Jul 2020 05:04:00 GMTIN CASE YOU MISSED IT: 5 key stories from July 1Here are five Fastmarkets stories you might have missed on Wednesday July 1 that are worth another look.http://www.metalbulletin.com/Article/3939941/IN-CASE-YOU-MISSED-IT-5-key-stories-from-July-1.htmlThu, 02 Jul 2020 00:05:00 GMTLogistical uncertainty, tight nearby supply keep cobalt hydroxide prices, payables underpinned Spot availability for cobalt hydroxide remained tight in late June, with many suppliers sold out for July cargoes and taking time to gauge how much material they will be able to offer in August amid shipment uncertainties from South Africa, sources told Fastmarkets this week.http://www.metalbulletin.com/Article/3939925/Logistical-uncertainty-tight-nearby-supply-keep-cobalt-hydroxide-prices-payables-underpinned.htmlWed, 01 Jul 2020 23:32:00 GMTBrazilian iron ore export volumes recover in JuneBrazilian iron ore export volumes increased by 1.3% year on year in June, according to figures released by the country’s economy ministry on Wednesday July 1.http://www.metalbulletin.com/Article/3939938/Brazilian-iron-ore-export-volumes-recover-in-June.htmlWed, 01 Jul 2020 23:19:00 GMTEU should eliminate tariffs on low-carbon aluminium, En+ Group chair saysTariffs on low-carbon aluminium imports into the European Union should be eliminated to help power the region’s Covid-19 recovery package and climate transition strategy, according to the chairman of En+ Group. http://www.metalbulletin.com/Article/3939902/EU-should-eliminate-tariffs-on-low-carbon-aluminium-En+-Group-chair-says.htmlWed, 01 Jul 2020 22:54:00 GMTGLOBAL TIN WRAP: Backwardation, Covid-19 concerns pressure premiums in US, Europe; Shanghai premium holdsTin premiums in the United States and Europe were subject to pressure in the two weeks to Wednesday July 1, with a wide backwardation in the metal’s forward curve on the London Metal Exchange limiting business while a narrowing arbitrage window to import tin into China supported current levels. http://www.metalbulletin.com/Article/3939911/GLOBAL-TIN-WRAP-Backwardation-Covid-19-concerns-pressure-premiums-in-US-Europe-Shanghai-premium-holds.htmlWed, 01 Jul 2020 22:42:00 GMTUS metals groups cheer as USMCA takes effectIndustry associations up and down the steel and metals supply chain applauded the United States-Mexico-Canada Agreement (USMCA) trade pact going into effect on Wednesday July 1.http://www.metalbulletin.com/Article/3939932/US-metals-groups-cheer-as-USMCA-takes-effect.htmlWed, 01 Jul 2020 21:48:00 GMTZinc TCs rise in June as Antamina shipments cool smelter nerves; lead terms dropZinc concentrate treatment charges rose from an 18-month low in June 2020, with market shorts facing less of a rush to cover positions on the spot market.http://www.metalbulletin.com/Article/3939908/Zinc-TCs-rise-in-June-as-Antamina-shipments-cool-smelter-nerves-lead-terms-drop.htmlWed, 01 Jul 2020 21:42:00 GMTEUROPE HRC: Transaction prices start to rise across EuropeEuropean producers of hot-rolled coil have achieved a transaction price increase supported by the lack of import offers and a degree of demand improvement, sources told Fastmarkets on Wednesday July 1.http://www.metalbulletin.com/Article/3939899/EUROPE-HRC-Transaction-prices-start-to-rise-across-Europe.htmlWed, 01 Jul 2020 20:48:00 GMTChallenging years ahead for global OCTG demand: Key takeaways from Fastmarkets’ latest OCTG Intelligence Service Forecast UpdateThe latest forecasts from Fastmarkets’ team of analysts are ready to view.http://www.metalbulletin.com/Article/3939918/Challenging-years-ahead-for-global-OCTG-demand-Key-takeaways-from-Fastmarkets-latest-OCTG.htmlWed, 01 Jul 2020 20:47:00 GMTEUROPE WIRE ROD: Prices widen in north, stable in southDomestic prices for steel mesh-quality wire rod in Europe were largely unchanged in most regions over the past week, supported by improving demand, sources told Fastmarkets on Wednesday July 1. http://www.metalbulletin.com/Article/3939798/EUROPE-WIRE-ROD-Prices-widen-in-north-stable-in-south.htmlWed, 01 Jul 2020 19:25:00 GMTEUROPE REBAR: Italian mills push for further rises, prices flat in northDomestic steel rebar prices have ticked upward in the south of Europe, supported by improved buying activity, but were steady in the north, sources told Fastmarkets on Wednesday July 1. http://www.metalbulletin.com/Article/3939792/EUROPE-REBAR-Italian-mills-push-for-further-rises-prices-flat-in-north.htmlWed, 01 Jul 2020 18:50:00 GMTMINOR METALS MARKET REPORT 01/07: Cadmium under pressure on falling bids; manganese flake edges downAn overview of the minor metals markets and the reasons for their latest price moves.http://www.metalbulletin.com/Article/3939853/MINOR-METALS-MARKET-REPORT-0107-Cadmium-under-pressure-on-falling-bids-manganese-flake-edges-down.htmlWed, 01 Jul 2020 18:43:00 GMTLIVE FUTURES REPORT 01/07: LME copper consolidates above $6,000/t amid high turnover; lead lags behindThe London Metal Exchange three-month copper price was slightly higher at the close on Wednesday July 1, with high turnover and strong demand from Asia keeping price action firmly above nearby support levels, while lead futures lagged behind over the day. http://www.metalbulletin.com/Article/3939906/LIVE-FUTURES-REPORT-0107LME-copper-consolidates-above-6000t-amid-high-turnover-lead-lags-behind.htmlWed, 01 Jul 2020 17:54:00 GMTDAILY STEEL SCRAP REPORT: Turkish mills resume deep-sea purchases at lower pricesTurkish steel producers have resumed their deep-sea scrap purchases for August shipments after achieving lower prices, sources said on Wednesday July 1. http://www.metalbulletin.com/Article/3939848/DAILY-STEEL-SCRAP-REPORT-Turkish-mills-resume-deep-sea-purchases-at-lower-prices.htmlWed, 01 Jul 2020 17:37:00 GMTPRICING NOTICE: Consultation period extended for proposed changes to P1020A cif spot Japan premium delivery window After market feedback, Fastmarkets is extending the consultation period for its proposal to widen the delivery window for its aluminium P1020A (MJP) spot premium, cif Japan.http://www.metalbulletin.com/Article/3939815/PRICING-NOTICE-Consultation-period-extended-for-proposed-changes-to-P1020A-cif-spot-Japan-premium.htmlWed, 01 Jul 2020 17:23:00 GMTLME starts discussion on electronic options market, automatic expiry The London Metal Exchange may introduce significant changes to its options offering, with plans to develop an electronic options market in tandem with the exchange's current inter-office method. http://www.metalbulletin.com/Article/3939799/LME-starts-discussion-on-electronic-options-market-automatic-expiry.htmlWed, 01 Jul 2020 14:43:00 GMTGLOBAL ZINC & LEAD WRAP: Covid-19 case rise hits US lead demand; zinc premiums flat globallyA new wave of Covid-19 infections in the United States has left the production ramp-up in the automotive sector pending, resulting in low lead spot trades and flat premiums in the week to Tuesday June 30, while global zinc premiums were stable on slow demand.http://www.metalbulletin.com/Article/3939795/GLOBAL-ZINC-and-LEAD-WRAP-Covid-19-case-rise-hits-US-lead-demand-zinc-premiums-flat-globally.htmlWed, 01 Jul 2020 13:59:00 GMTIRON ORE DAILY: Seaborne prices rangebound amid growing steel supply concernsSeaborne iron ore prices observed rangebound movements on Wednesday July 1 after concerns surrounding higher steel product inventories surfaced in the market, sources said.http://www.metalbulletin.com/Article/3939791/IRON-ORE-DAILY-Seaborne-prices-rangebound-amid-growing-steel-supply-concerns.htmlWed, 01 Jul 2020 12:30:00 GMTGLOBAL COPPER WRAP: China premiums hold on fresh import demand; Europe, US lacklusterA lack of arbitrage opportunities has put Shanghai copper premiums under strain while global copper premiums are stable amid weakening demand conditions in Europe and the US, Fastmarkets understands.http://www.metalbulletin.com/Article/3939771/GLOBAL-COPPER-WRAP-China-premiums-hold-on-fresh-import-demand-Europe-US-lackluster.htmlWed, 01 Jul 2020 12:20:00 GMTNEWSBREAK: China banning solid waste imports in 2021, but ferrous scrap exemptedChina will ban the import of all solid waste from 2021 for environmental reasons, but ferrous scrap will not be affected by the move.http://www.metalbulletin.com/Article/3939779/NEWSBREAK-China-banning-solid-waste-imports-in-2021-but-ferrous-scrap-exempted.htmlWed, 01 Jul 2020 11:30:00 GMTLIVE FUTURES REPORT 01/07: LME copper holds above $6,000/t; Ni below $12,700/tThe London Metal Exchange three-month copper price held the previous day’s gains, trading up 0.8% to $6,063.50 per tonne during the morning on Wednesday July 1, with ongoing supply concerns and positive China PMI shoring up demand and buoying copper futures.http://www.metalbulletin.com/Article/3939775/LIVE-FUTURES-REPORT-0107-LME-copper-holds-above-6000t-Ni-below-12700t.htmlWed, 01 Jul 2020 10:32:00 GMTMORNING VIEW: Markets torn between better economic data and worsening Covid-19 situationThere are many crosswinds for the markets to contend with this morning, Wednesday July 1, with better manufacturing data in Asia and interest rate cuts in China, but a deteriorating Covid-19 situation - especially in parts of the Americas - and raised geopolitical tension over Hong Kong.http://www.metalbulletin.com/Article/3939769/MORNING-VIEW-Markets-torn-between-better-economic-data-and-worsening-Covid-19-situation.htmlWed, 01 Jul 2020 09:18:00 GMTAustralia forecasts 915 mln tonnes of iron ore exports by 2021-22 Australia expects its iron ore exports to grow from 852 million tonnes in the 2019-20 period to 915 million by 2021-22 - a 7.4% increase.http://www.metalbulletin.com/Article/3939565/Australia-forecasts-915-mln-tonnes-of-iron-ore-exports-by-2021-22.htmlWed, 01 Jul 2020 08:48:00 GMTGLOBAL ALUMINIUM WRAP: Weak demand pressures global premiums; LME backwardation hits rates in Southern EuropeGlobal aluminium premiums were under pressure this week, with rates in Southern Europe, Brazil and Southeast Asia falling while illiquidity kept premiums elsewhere flat.http://www.metalbulletin.com/Article/3939760/GLOBAL-ALUMINIUM-WRAP-Weak-demand-pressures-global-premiums-LME-backwardation-hits-rates-in-Southern.htmlWed, 01 Jul 2020 06:36:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 30Here are five Fastmarkets stories you might have missed on Tuesday June 30 that are worth another look.http://www.metalbulletin.com/Article/3939752/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-30.htmlWed, 01 Jul 2020 00:05:00 GMT2020: The return of Turkish reinforcing bar to the US marketAfter dwindling throughout 2019, Turkish exports of reinforcing bar to the United States surged during the first half of 2020; Fastmarkets examines the domestic and global factors that limited those shipments - and drove their return.http://www.metalbulletin.com/Article/3939750/2020-The-return-of-Turkish-reinforcing-bar-to-the-US-market.htmlTue, 30 Jun 2020 22:58:00 GMTRESEARCH: Key takeaways from the latest Welded Linepipe and OCTG Market TrackerThe latest forecasts from Fastmarkets’ team of analysts are ready to view.http://www.metalbulletin.com/Article/3939732/RESEARCH-Key-takeaways-from-the-latest-Welded-Linepipe-and-OCTG-Market-Tracker.htmlTue, 30 Jun 2020 19:44:00 GMTRESEARCH: Key takeaways from the latest Ferro-alloys Market TrackerThe latest forecasts from Fastmarkets’ team of analysts are ready to view.http://www.metalbulletin.com/Article/3939731/RESEARCH-Key-takeaways-from-the-latest-Ferro-alloys-Market-Tracker.htmlTue, 30 Jun 2020 19:00:00 GMTPRICING NOTICE: Correction to high carbon ferro-chrome, Europe assessmentFastmarkets has corrected its assessment of the price for European high-carbon ferro-chrome, which was published incorrectly on Friday June 26 due to a rounding error. http://www.metalbulletin.com/Article/3939727/PRICING-NOTICE-Correction-to-high-carbon-ferro-chrome-Europe-assessment.htmlTue, 30 Jun 2020 18:30:00 GMTLIVE FUTURES REPORT 30/06: LME copper hits 6-month high on supply fearsThe London Metal Exchange three-month copper price closed above $6,000 per tonne for the first time since January 23 on Tuesday June 30. http://www.metalbulletin.com/Article/3939729/LIVE-FUTURES-REPORT-3006-LME-copper-hits-6-month-high-on-supply-fears.htmlTue, 30 Jun 2020 18:10:00 GMTDAILY STEEL SCRAP REPORT: Mills extend their silence, awaiting lower pricesTurkish steel producers continued to stay away from deep-sea scrap purchases in anticipation of lower prices, sources said on Tuesday June 30.http://www.metalbulletin.com/Article/3939657/DAILY-STEEL-SCRAP-REPORT-Mills-extend-their-silence-awaiting-lower-prices.htmlTue, 30 Jun 2020 17:17:00 GMTEUROPE HRC: Domestic mills push prices up despite demand struggleDomestic prices for hot-rolled coil in Northern Europe increased day on day on Tuesday June 30, despite the slow pace of demand recovery, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3939720/EUROPE-HRC-Domestic-mills-push-prices-up-despite-demand-struggle.htmlTue, 30 Jun 2020 16:15:00 GMT5G offers greatest long-term potential for minor metals demand post Covid-19 - panel The roll-out of fifth-generation (5G) networks and their associated infrastructure will provide the minor metals sector with the greatest potential for growth, panelists said in Fastmarkets’ recent minor metals webinar. http://www.metalbulletin.com/Article/3939488/5G-offers-greatest-long-term-potential-for-minor-metals-demand-post-Covid-19-panel.htmlTue, 30 Jun 2020 16:12:00 GMTMRI appoints Nunnenmacher new CEO; Paterson becomes PresidentSwiss metal merchant MRI Trading has appointed Markus Nunnenmacher as its new chief executive officer, with longstanding head Iain Paterson stepping down from the role effective from July 1.http://www.metalbulletin.com/Article/3939654/MRI-appoints-Nunnenmacher-new-CEO-Paterson-becomes-President.htmlTue, 30 Jun 2020 15:46:00 GMTGULF FLAT STEEL IMPORTS: HRC prices down but HDG demand improvesHot-rolled coil import prices in the United Arab Emirates and Saudi Arabia have decreased this week while hot-dipped galvanized coil prices have widened upward, with demand better than in previous weeks, sources told Fastmarkets on Tuesday June 30. http://www.metalbulletin.com/Article/3939627/GULF-FLAT-STEEL-IMPORTS-HRC-prices-down-but-HDG-demand-improves.htmlTue, 30 Jun 2020 14:42:00 GMTEurope ferro-silicon market drops to March 2016 low The European spot ferro-silicon price resumed its downturn last week, falling to a level last seen in March 2016 with consumers in the steel sector dragging down the cost of feedstock against a slump in end-user consumption. http://www.metalbulletin.com/Article/3939618/Europe-ferro-silicon-market-drops-to-March-2016-low.htmlTue, 30 Jun 2020 14:20:00 GMTWeak demand weighs on Europe's ferro-chrome marketsA correction has been issued for this article.http://www.metalbulletin.com/Article/3939620/Weak-demand-weighs-on-Europes-ferro-chrome-markets.htmlTue, 30 Jun 2020 14:14:00 GMTWEBINAR: Scope to grow tantalum output outside Central Africa if prices rise - panelThere is significant scope to grow tantalum output outside of Central Africa if prices keep increasing, Dharam Kotecha, director at Halcyon Metals, said during a Fastmarkets webinar this month.http://www.metalbulletin.com/Article/3939617/WEBINAR-Scope-to-grow-tantalum-output-outside-Central-Africa-if-prices-rise-panel.htmlTue, 30 Jun 2020 14:05:00 GMTMajor Chinese stainless steel mills lower July ferro-chrome tender prices by $14 per tonneChina’s leading stainless steel producers - Taiyuan Iron & Steel (Tisco), Tsingshan Group and Baosteel - have all lowered their high-carbon ferro-chrome tender prices for July following a recent backswing in upstream chrome ore prices. http://www.metalbulletin.com/Article/3939614/Major-Chinese-stainless-steel-mills-lower-July-ferro-chrome-tender-prices-by-14-per-tonne.htmlTue, 30 Jun 2020 12:20:00 GMTCOKING COAL DAILY: Seaborne coking coal prices flat on inactive tradingSeaborne coking coal prices across the board stayed relatively flat on Tuesday June 30 due to a lack of trading, Fastmarkets heard. http://www.metalbulletin.com/Article/3939609/COKING-COAL-DAILY-Seaborne-coking-coal-prices-flat-on-inactive-trading.htmlTue, 30 Jun 2020 11:38:00 GMTPRICING NOTICE: Extension of consultation on proposed amendment to cobalt hydroxide payable indicator, cobalt hydroxide index specifications After market feedback, Fastmarkets MB is extending the consultation period for the proposed amendment to its cobalt hydroxide payable indicator and index. http://www.metalbulletin.com/Article/3939397/PRICING-NOTICE-Extension-of-consultation-on-proposed-amendment-to-cobalt-hydroxide-payable-indicator.htmlTue, 30 Jun 2020 10:55:00 GMTNon-ferrous scrap renaming uncertainty dampens Chinese buying; import quotas dry up Chinese non-ferrous scrap importers largely stayed on the sidelines during June, with a lack of detail surrounding China’s renaming of certain scrap metal as renewable materials causing participants to refrain from making any purchases. http://www.metalbulletin.com/Article/3939566/Non-ferrous-scrap-renaming-uncertainty-dampens-Chinese-buying-import-quotas-dry-up.htmlTue, 30 Jun 2020 10:34:00 GMTMORNING VIEW: Broader markets firmer despite mixed economic data, Covid-19 concernsAsian-Pacific equities and pre-market major western equity index futures were stronger this morning, Tuesday June 30, while base metals prices were for the most part firmer too - this despite Federal Reserve chairman Jerome Powell saying the US economy faces “extraordinary uncertainty”. http://www.metalbulletin.com/Article/3939599/MORNING-VIEW-Broader-markets-firmer-despite-mixed-economic-data-Covid-19-concerns.htmlTue, 30 Jun 2020 07:56:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 29Here are five Fastmarkets stories you might have missed on Monday June 29 that are worth another look.http://www.metalbulletin.com/Article/3939595/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-29.htmlTue, 30 Jun 2020 00:05:00 GMTHOTTER ON METALS: Mining’s bad reputationThe mining industry does a huge amount of good for local communities, to say nothing of its essential contribution to society through the materials it produces. Unfortunately, it all too often manages to give itself a bad name, worsening negative perceptions of the sector through accidents, spills and a failure to act as a steward of the environments in which it operates. http://www.metalbulletin.com/Article/3939580/HOTTER-ON-METALS-Minings-bad-reputation.htmlMon, 29 Jun 2020 20:40:00 GMTRUSSIA REBAR: Domestic prices up on demand-supply imbalanceDomestic steel rebar prices in Russia’s Central Federal District around Moscow increased over the past week, supported by demand exceeding supply, sources told Fastmarkets on Monday June 29. http://www.metalbulletin.com/Article/3939579/RUSSIA-REBAR-Domestic-prices-up-on-demand-supply-imbalance.htmlMon, 29 Jun 2020 18:25:00 GMTEUROPE HRC WRAP: European producers push offers upEuropean producers of hot-rolled coil have increased their offer prices despite low trading activity in the week ended Friday June 26. http://www.metalbulletin.com/Article/3939570/EUROPE-HRC-WRAP-European-producers-push-offers-up.htmlMon, 29 Jun 2020 18:12:00 GMTEUROPE HRC: Producers insist on higher prices despite limited demandEuropean steelmakers have been insisting on price rises for domestic hot-rolled coil despite demand remaining low, sources told Fastmarkets on Monday June 29. http://www.metalbulletin.com/Article/3939526/EUROPE-HRC-Producers-insist-on-higher-prices-despite-limited-demand.htmlMon, 29 Jun 2020 15:50:00 GMTDAILY STEEL SCRAP REPORT: Turkish mills remain silent, prices may fall furtherThe Turkish steel mills continued to shy away from deep-sea scrap purchases at the beginning of this week, expecting lower prices soon, sources said on Monday June 29. http://www.metalbulletin.com/Article/3939516/DAILY-STEEL-SCRAP-REPORT-Turkish-mills-remain-silent-prices-may-fall-further.htmlMon, 29 Jun 2020 15:35:00 GMTMANGANESE ORE ANALYTICS: June 29, 2020The latest data for the global manganese ore market for the week ended June 29, 2020.http://www.metalbulletin.com/Article/3939425/MANGANESE-ORE-ANALYTICS-June-29-2020.htmlMon, 29 Jun 2020 14:52:00 GMTAccident at China’s Huaxing alumina refinery removes 50-80kt of supply; market unmoved so far Huaxing alumina refinery, in Shanxi province of northern China, has closed one alumina production line following an equipment accident, several sources told Fastmarkets on Monday June 29. http://www.metalbulletin.com/Article/3939419/Accident-at-Chinas-Huaxing-alumina-refinery-removes-50-80kt-of-supply-market-unmoved-so-far.htmlMon, 29 Jun 2020 14:48:00 GMTTURKEY STEEL SCRAP: Domestic prices down on falling import valuesTurkish domestic scrap prices have gone down over the past week in line with the latest downturn in imported deep-sea scrap values, sources said on Monday June 29. http://www.metalbulletin.com/Article/3939489/TURKEY-STEEL-SCRAP-Domestic-prices-down-on-falling-import-values.htmlMon, 29 Jun 2020 14:05:00 GMTWeak demand adds to pressure on vanadium markets; V2O5 drops 7%European prices for vanadium pentoxide (V2O5) and ferro-vanadium continued to fall in the week ended Friday June 26 under pressure from weak end-user demand, with V2O5 prices dropping by 7%. http://www.metalbulletin.com/Article/3939427/Weak-demand-adds-to-pressure-on-vanadium-markets-V2O5-drops-7.htmlMon, 29 Jun 2020 13:40:00 GMTIRON ORE DAILY: 62% Fe fines index falls below $100/t for first time in three weeks Seaborne iron ore prices fell on Monday June 29 due to a weak demand outlook, reflecting heavy rainfall in several parts of China and fresh pollution control restrictions imposed on mills in Tangshan for the month of July. http://www.metalbulletin.com/Article/3939418/IRON-ORE-DAILY-62-Fe-fines-index-falls-below-100t-for-first-time-in-three-weeks.htmlMon, 29 Jun 2020 12:27:00 GMTLME aluminium stocks at highest since April 2017 on weak physical marketPoor physical aluminium market conditions have forced people to store excess metal, pushing total aluminium stocks on the London Metal Exchange to more than 1.6 million tonnes.http://www.metalbulletin.com/Article/3939285/LME-aluminium-stocks-at-highest-since-April-2017-on-weak-physical-market.htmlMon, 29 Jun 2020 11:20:00 GMTWEBINAR: EV sector will shorten supply chain, reduce China dependence - panelCovid-19 has exposed the overdependence and vulnerability in the electric vehicle (EV) supply chain, which supports the development of other regional battery production hubs in the coming years, panellists said in a Fastmarkets webinar last week.http://www.metalbulletin.com/Article/3939396/WEBINAR-EV-sector-will-shorten-supply-chain-reduce-China-dependence-panel.htmlMon, 29 Jun 2020 11:20:00 GMTLIVE FUTURES REPORT 29/06: LME copper price holds below $6,000/t despite cancelations The three-month copper price on the London Metal Exchange consolidated higher during morning trading on Monday June 29, although it remained firmly below the $6,000 per tonne threshold. http://www.metalbulletin.com/Article/3939411/LIVE-FUTURES-REPORT-2906-LME-copper-price-holds-below-6000t-despite-cancelations.htmlMon, 29 Jun 2020 10:35:00 GMTBillet takes lead in surge of Vietnamese steel exports to China Vietnam’s steelmakers exported huge volumes of steel to China in the first five months of 2020, according to statistics from the Southeast Asian country’s customs agency. http://www.metalbulletin.com/Article/3939409/Billet-takes-lead-in-surge-of-Vietnamese-steel-exports-to-China.htmlMon, 29 Jun 2020 10:17:00 GMTTrevali suspends Peruvian zinc mine Santander after workers test positive for Covid-19Canadian mining company Trevali has halted operations at its Santander mine in Peru, after several workers tested positive for Covid-19, it said on Friday June 26.http://www.metalbulletin.com/Article/3939406/Trevali-suspends-Peruvian-zinc-mine-Santander-after-workers-test-positive-for-Covid-19.htmlMon, 29 Jun 2020 09:38:00 GMTMORNING VIEW: Supply threats underpin base metals prices; broader markets weaker on Covid-19 spread fearsAsian-Pacific equities and pre-market European equity index futures were weaker this morning, Monday June 29, but base metals prices were for the most part firmer. http://www.metalbulletin.com/Article/3939404/MORNING-VIEW-Supply-threats-underpin-base-metals-prices-broader-markets-weaker-on-Covid-19-spread.htmlMon, 29 Jun 2020 08:56:00 GMTBETTING ON BLOCKCHAIN: BHP, Baowu complete first iron ore trade on MineHub platformMining company BHP Group and steel producer China Baowu Steel Group have completed their first iron ore trade on MineHub Technologies Inc’s blockchain-based platform. http://www.metalbulletin.com/Article/3939344/BETTING-ON-BLOCKCHAIN-BHP-Baowu-complete-first-iron-ore-trade-on-MineHub-platform.htmlMon, 29 Jun 2020 03:15:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 26Here are five Fastmarkets stories you might have missed on Friday June 26 that are worth another look.http://www.metalbulletin.com/Article/3939387/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-26.htmlMon, 29 Jun 2020 00:05:00 GMTMINOR METALS MARKET REPORT 26/06: Antimony still under pressure but complex quiet overall in absence of ChinaAn overview of the minor metals markets and the reasons for their latest price moves.http://www.metalbulletin.com/Article/3939292/MINOR-METALS-MARKET-REPORT-2606-Antimony-still-under-pressure-but-complex-quiet-overall-in-absence-of.htmlFri, 26 Jun 2020 19:34:00 GMTINTERVIEW: Trafigura execs say unexpected $2.9bln Nyrstar investment starting to pay offOne year on from taking Nyrstar private, Trafigura chief financial officer Christophe Salmon says the trading firm "made the right choice" by committing $2.9 billion in capital doing so.http://www.metalbulletin.com/Article/3939334/INTERVIEW-Trafigura-execs-say-unexpected-29bln-Nyrstar-investment-starting-to-pay-off.htmlFri, 26 Jun 2020 18:47:00 GMTChinese pig iron import price likely peaked, global price growth pausedThe import price for pig iron in China was likely to have reached its peak during the week ended Friday June 26, causing a pause in price growth in the global market, Fastmarkets has heard. http://www.metalbulletin.com/Article/3939346/Chinese-pig-iron-import-price-likely-peaked-global-price-growth-paused.htmlFri, 26 Jun 2020 18:45:00 GMTLIVE FUTURES REPORT 26/06: LME aluminium price breaches $1,600/t in 1.8% upsurge; copper clears $5,900/t but spreads narrowThe LME three-month aluminium price was the standout performer on Friday June 26, breaching nearby resistance despite limited turnover, while a steady rise in LME copper futures prompted a tightening of the red metal’s forward curve. http://www.metalbulletin.com/Article/3939349/LIVE-FUTURES-REPORT-2606-LME-aluminium-price-breaches-1600t-in-18-upsurge-copper-clears-5900t-but.htmlFri, 26 Jun 2020 18:37:00 GMTIndian domestic billet prices move up on rising demandIndian local secondary billet prices increased by 300 rupees per tonne week-on-week on Friday June 26 on improved demand from sustained buying by makers of finished steel products. http://www.metalbulletin.com/Article/3939347/Indian-domestic-billet-prices-move-up-on-rising-demand.htmlFri, 26 Jun 2020 18:15:00 GMTGLOBAL FERRO-SILICON SNAPSHOT: Mill restock boost for China prices; EU market tumbles to 4-year lowKey data from the pricing sessions in Asia, Europe and the United States during the week ending Friday June 26. http://www.metalbulletin.com/Article/3939287/GLOBAL-FERRO-SILICON-SNAPSHOT-Mill-restock-boost-for-China-prices-EU-market-tumbles-to-4-year-low.htmlFri, 26 Jun 2020 18:08:00 GMTNOBLE ALLOYS MARKET REPORT 26/06: Weak demand puts vanadium prices under pressureAn overview of the noble alloys markets and the reasons for any price moves.http://www.metalbulletin.com/Article/3939299/NOBLE-ALLOYS-MARKET-REPORT-2606-Weak-demand-puts-vanadium-prices-under-pressure.htmlFri, 26 Jun 2020 17:57:00 GMTSouth American steel import prices down as buyers reject increasesThe price for flat-rolled steel imported into South American main destinations has edged downward week on week, with Chinese offers remaining steady, while material from other origins was presented at lower prices. http://www.metalbulletin.com/Article/3939342/South-American-steel-import-prices-down-as-buyers-reject-increases.htmlFri, 26 Jun 2020 17:52:00 GMTEUROPE ALLOY STEEL SCRAP: Prices edge higher on tight supplyThe price of austenitic stainless steel scrap in the European domestic market moved slightly higher this week because of tight supply, despite low demand from mills and lower nickel costs, Fastmarkets heard on Friday June 26. http://www.metalbulletin.com/Article/3939338/EUROPE-ALLOY-STEEL-SCRAP-Prices-edge-higher-on-tight-supply.htmlFri, 26 Jun 2020 17:28:00 GMTUK STEEL SCRAP WEEKLY: Market extends stability, sees possible July rolloverThe inter-merchant spot price for light iron scrap in the UK was unchanged in the week to Friday June 26, continuing the stability seen last week amid low-key but steady trading and little change in export prices, trade sources said. http://www.metalbulletin.com/Article/3939335/UK-STEEL-SCRAP-WEEKLY-Market-extends-stability-sees-possible-July-rollover.htmlFri, 26 Jun 2020 17:10:00 GMTCodelco’s Chuquicamata shutdown to last two weeks; refinery running at 30% capacity - sources The closure of the Chuquicamata copper smelter in Chile could last up to two weeks, Fastmarkets learned on Friday June 26. http://www.metalbulletin.com/Article/3939288/Codelcos-Chuquicamata-shutdown-to-last-two-weeks-refinery-running-at-30-capacity-sources.htmlFri, 26 Jun 2020 16:52:00 GMTWEEKLY SCRAP WRAP: Weakening demand creates downturn in global pricesSteel scrap prices in the major regions started to weaken during the working week from Monday June 22 to Friday June 26, amid softening demand. http://www.metalbulletin.com/Article/3939296/WEEKLY-SCRAP-WRAP-Weakening-demand-creates-downturn-in-global-prices.htmlFri, 26 Jun 2020 16:45:00 GMTINDIA STEEL SCRAP: New trade confirms lower market priceThe price of ferrous scrap in containers imported into India moved down this week with fresh transactions breaking the trade stalemate and confirming the market level, sources told Fastmarkets on Friday June 26. http://www.metalbulletin.com/Article/3939200/INDIA-STEEL-SCRAP-New-trade-confirms-lower-market-price.htmlFri, 26 Jun 2020 16:00:00 GMTGreen investing helps drive low-carbon aluminium, En+ Group chair says A growth in investing based on environmental, social and governance (ESG) issues is rapidly advancing a widespread market appreciation of low-carbon products, including aluminium, the chairman of En+ Group said. http://www.metalbulletin.com/Article/3939197/Green-investing-helps-drive-low-carbon-aluminium-En+-Group-chair-says.htmlFri, 26 Jun 2020 15:50:00 GMTDAILY STEEL SCRAP REPORT: Mills pause deep-sea purchases, prices steadyTurkish steel mills skipped the last working day of the week with no deep-sea bookings, but still expect to buy more cargoes for August shipment, sources told Fastmarkets on Friday June 26. http://www.metalbulletin.com/Article/3939284/DAILY-STEEL-SCRAP-REPORT-Mills-pause-deep-sea-purchases-prices-steady.htmlFri, 26 Jun 2020 15:29:00 GMTTURKEY COATED FLAT STEEL: Local prices decrease, demand moderatePrices in the Turkish domestic market for hot-dipped galvanized coil (HDG) and color-coated coil decreased in the week to Friday June 26, with demand moderate, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3939198/TURKEY-COATED-FLAT-STEEL-Local-prices-decrease-demand-moderate.htmlFri, 26 Jun 2020 15:23:00 GMTWEBINAR: Battery-grade lithium standards should depend on technology, manufacturers The standard for lithium compounds used in battery applications should be set by battery manufacturers and original equipment manufacturers (OEMs) based on technological development rather than government authorities, lithium market experts Emily Hersh and Daniel Jimenez said in a Fastmarkets’ lithium webinar on Tuesday June 23. http://www.metalbulletin.com/Article/3939255/WEBINAR-Battery-grade-lithium-standards-should-depend-on-technology-manufacturers.htmlFri, 26 Jun 2020 15:09:00 GMTCIS PIG IRON: Market mood positive on low material availabilityThe mood in the export pig iron market from the Commonwealth of Independent States (CIS) remained positive during the week ended Thursday June 25, with low availability of material for August shipments, although no fresh deals have been made. http://www.metalbulletin.com/Article/3939142/CIS-PIG-IRON-Market-mood-positive-on-low-material-availability.htmlFri, 26 Jun 2020 13:24:00 GMTKOREA STEEL SCRAP: Mills switch attention to Japanese scrap amid lower pricesPrices for bulk cargoes of steel scrap imported to South Korea fell sharply in the week to Friday June 26 amid a decline in Japanese offer prices, sources told Fastmarkets.http://www.metalbulletin.com/Article/3939124/KOREA-STEEL-SCRAP-Mills-switch-attention-to-Japanese-scrap-amid-lower-prices.htmlFri, 26 Jun 2020 11:15:00 GMTLIVE FUTURES REPORT 26/06: LME nickel price gains 1.5% in steady incline; lead drawdowns continueThe three-month nickel price on the London Metal Exchange was higher during morning trading on Friday June 26, topping gains across the complex despite thin turnover, while the ongoing drawdown of LME lead stocks saw the heavy metal’s underlying price stay elevated.http://www.metalbulletin.com/Article/3939126/LIVE-FUTURES-REPORT-2606-LME-nickel-price-gains-15-in-steady-incline-lead-drawdowns-continue.htmlFri, 26 Jun 2020 11:10:00 GMTKey takeaways from the latest Galvanized Steel & Tinplate Market TrackerThe latest forecasts from Fastmarkets' team of analysts are ready to view.http://www.metalbulletin.com/Article/3939123/Key-takeaways-from-the-latest-Galvanized-Steel-and-Tinplate-Market-Tracker.htmlFri, 26 Jun 2020 10:55:00 GMTVIETNAM STEEL SCRAP: Steady demand not stopping price fall Import prices for ferrous scrap in Vietnam trended downward during the week to Friday June 26 despite steady demand among buyers. http://www.metalbulletin.com/Article/3939110/VIETNAM-STEEL-SCRAP-Steady-demand-not-stopping-price-fall.htmlFri, 26 Jun 2020 10:45:00 GMTCodelco shuts Chuquicamata smelter and refinery as coronavirus spreads in regionCodelco has closed its Chuquicamata smelter and refinery as a “preventative measure,” becoming the first major copper asset closed due to the Covid-19 virus in Chile, the world’s top producer of the metal.http://www.metalbulletin.com/Article/3939120/Codelco-shuts-Chuquicamata-smelter-and-refinery-as-coronavirus-spreads-in-region.htmlFri, 26 Jun 2020 09:27:00 GMTMORNING VIEW: Base metals prices firmer in light volume; gold consolidatesMarkets were mainly firmer this morning, Friday June 26, with the base metals up across the board and most Asian-Pacific equities indices showing gains, while gold prices were consolidating - all of which suggesting a slight risk-on sentiment.http://www.metalbulletin.com/Article/3939114/MORNING-VIEW-Base-metals-prices-firmer-in-light-volume-gold-consolidates.htmlFri, 26 Jun 2020 08:40:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 25Here are five Fastmarkets stories you might have missed on Thursday June 25 that are worth another look.http://www.metalbulletin.com/Article/3939106/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-25.htmlFri, 26 Jun 2020 00:05:00 GMTLIVE FUTURES REPORT 25/06: LME lead price continues upsurge; copper fails to breach $5,900The three-month price of lead on the London Metal Exchange continued its upward trajectory at the close of trading on Thursday June 25, closing more than 1% higher and topping gains across the base-metals complex. http://www.metalbulletin.com/Article/3939084/LIVE-FUTURES-REPORT-2506-LME-lead-price-continues-upsurge-copper-fails-to-breach-5900.htmlThu, 25 Jun 2020 17:27:00 GMTDAILY STEEL SCRAP REPORT: Lower prices revive interest in deep-sea scrapTurkish steel producers returned to the deep-sea scrap market on Thursday June 25, attracted by lower prices, sources told Fastmarkets. http://www.metalbulletin.com/Article/3939012/DAILY-STEEL-SCRAP-REPORT-Lower-prices-revive-interest-in-deep-sea-scrap.htmlThu, 25 Jun 2020 17:05:00 GMTALUMINA SNAPSHOT: Fob Australia index moves to highest since March Key information from the pricing session for Fastmarkets’ alumina index, fob Australia on Thursday June 25. http://www.metalbulletin.com/Article/3939016/ALUMINA-SNAPSHOT-Fob-Australia-index-moves-to-highest-since-March.htmlThu, 25 Jun 2020 16:22:00 GMTExplosion at Wolfram’s UZTM plant temporarily halts tungsten production An explosion at Russia’s Wolfram Co JSC UZTM plant has temporarily halted tungsten production there, a source at the company told Fastmarkets. http://www.metalbulletin.com/Article/3939015/Explosion-at-Wolframs-UZTM-plant-temporarily-halts-tungsten-production.htmlThu, 25 Jun 2020 16:02:00 GMTEUROPE HRC: Transaction prices firm but mills target price riseDomestic prices for hot-rolled coil in Northern Europe remained fairly stable on Thursday June 25 from the day before, although steelmakers were looking for a price rise, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3939011/EUROPE-HRC-Transaction-prices-firm-but-mills-target-price-rise.htmlThu, 25 Jun 2020 15:20:00 GMTTURKEY STEEL BILLET: Prices down on weak demandTurkish billet prices have gone down over the past week because of poor demand and expectations of a downturn in the price for scrap feedstock, market sources said on Thursday June 25. http://www.metalbulletin.com/Article/3939003/TURKEY-STEEL-BILLET-Prices-down-on-weak-demand.htmlThu, 25 Jun 2020 13:30:00 GMTTURKEY LONG STEEL: Domestic prices down on weak demandTurkish domestic long steel prices have fallen over the past week due to soft demand, sources said on Thursday June 25. http://www.metalbulletin.com/Article/3938977/TURKEY-LONG-STEEL-Domestic-prices-down-on-weak-demand.htmlThu, 25 Jun 2020 13:20:00 GMTRESEARCH: Key takeaways from the latest Steel Raw Materials Market TrackerThe latest forecasts from Fastmarkets’ team of analysts are ready to view. http://www.metalbulletin.com/Article/3938949/RESEARCH-Key-takeaways-from-the-latest-Steel-Raw-Materials-Market-Tracker.htmlThu, 25 Jun 2020 12:55:00 GMTIndustrial action at Tata Steel's Dutch operations pause for negotiations Striking workers have put all industrial action at Tata Steel IJmuiden on hold until Friday June 26 to negotiate with management, Dutch trade union FNV Metaal said this week. http://www.metalbulletin.com/Article/3938945/Industrial-action-at-Tata-Steels-Dutch-operations-pause-for-negotiations.htmlThu, 25 Jun 2020 12:35:00 GMTBANGLADESH STEEL SCRAP: Import prices down following fresh US cargo Prices for deep-sea origin steel scrap imported to Bangladesh fell over the past week after a new sale from the United States closed at lower numbers, market sources told Fastmarkets on Thursday June 25. http://www.metalbulletin.com/Article/3938944/BANGLADESH-STEEL-SCRAP-Import-prices-down-following-fresh-US-cargo.htmlThu, 25 Jun 2020 12:19:00 GMTWith demand in the doldrums, European copper cathode heads to China Demand for copper in Europe is weak and economies are struggling to restart after coronavirus-related lockdowns, forcing copper producers to ship cathode to China instead. http://www.metalbulletin.com/Article/3938929/With-demand-in-the-doldrums-European-copper-cathode-heads-to-China.htmlThu, 25 Jun 2020 11:39:00 GMTLIVE FUTURES REPORT 25/06: LME lead price tops morning gains on fresh outflows The three-month lead price on the London Metal Exchange was the standout performer during morning trading on Thursday June 25, supported by a continued trend of stock withdrawals, while a steady incline in LME tin stocks softened the metal’s wide backwardation. http://www.metalbulletin.com/Article/3938927/LIVE-FUTURES-REPORT-2506-LME-lead-price-tops-morning-gains-on-fresh-outflows.htmlThu, 25 Jun 2020 10:47:00 GMTMORNING VIEW: All quiet in metals markets with China on holidayBroader markets were generally weaker this morning, Thursday June 25, with those equity markets that were open in the Asian-Pacific region mainly weaker by between 1% and 2%.http://www.metalbulletin.com/Article/3938916/MORNING-VIEW-All-quiet-in-metals-markets-with-China-on-holiday.htmlThu, 25 Jun 2020 08:09:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 24Here are five Fastmarkets stories you might have missed on Wednesday June 24 that are worth another look.http://www.metalbulletin.com/Article/3938913/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-24.htmlThu, 25 Jun 2020 00:05:00 GMTEUROPE HRC: Producers seek price rises despite poor demandEuropean producers of hot-rolled coil have raised their domestic prices despite trading activity remaining scarce, sources told Fastmarkets on Wednesday June 24.http://www.metalbulletin.com/Article/3938885/EUROPE-HRC-Producers-seek-price-rises-despite-poor-demand.htmlWed, 24 Jun 2020 20:14:00 GMTGLOBAL NICKEL WRAP: Lackluster physical appetites keep global nickel premiums flatNickel premiums in all regions traded flat in the week ended Tuesday June 23, with demand for the metal being weak in all global markets. http://www.metalbulletin.com/Article/3938706/GLOBAL-NICKEL-WRAP-Lackluster-physical-appetites-keep-global-nickel-premiums-flat.htmlWed, 24 Jun 2020 19:50:00 GMTRESEARCH: Key takeaways from the latest Base Metals Market TrackerThe latest forecasts from Fastmarkets’ team of analysts are ready to view.http://www.metalbulletin.com/Article/3938880/RESEARCH-Key-takeaways-from-the-latest-Base-Metals-Market-Tracker.htmlWed, 24 Jun 2020 18:33:00 GMTLIVE FUTURES REPORT 24/06: LME base metals subdued in low-volume trading; copper C/3M softens to $8.50/t contangoThree-month base metals prices on the LME were mostly lower at the close of trading on Wednesday June 24, with thin turnover a key sign that investor sentiment remains fragile. http://www.metalbulletin.com/Article/3938884/LIVE-FUTURES-REPORT-2406-LME-base-metals-subdued-in-low-volume-trading-copper-C3M-softens-to-850t.htmlWed, 24 Jun 2020 18:11:00 GMTHOTTER ON METALS: Section 232 - The RevengeThe threat of Section 232 tariffs on aluminium imports from Canada into the United States has, like the great white shark following the Brody family in the universally panned film, ‘Jaws: The Revenge,’ returned - akin to a truly awful horror movie franchise. http://www.metalbulletin.com/Article/3938878/HOTTER-ON-METALS-Section-232-The-Revenge.htmlWed, 24 Jun 2020 17:30:00 GMTEUROPE PLATE: Domestic prices down in north, stable in southDomestic prices for heavy steel plate in Northern Europe have moved down over the past week due to limited demand, sources told Fastmarkets on Wednesday June 24. http://www.metalbulletin.com/Article/3938874/EUROPE-PLATE-Domestic-prices-down-in-north-stable-in-south.htmlWed, 24 Jun 2020 17:15:00 GMTJAPAN SCRAP: Sharp drop in export prices leads to fresh dealsExport prices for Japanese steel scrap fell heavily over the past week with exporters reducing rates to stimulate fresh bookings, market sources told Fastmarkets on Wednesday June 24.http://www.metalbulletin.com/Article/3938714/JAPAN-SCRAP-Sharp-drop-in-export-prices-leads-to-fresh-deals.htmlWed, 24 Jun 2020 17:00:00 GMTEUROPE SECTIONS: Market falls again but demand set to rise on construction restartsThe price of steel hollow sections in Europe continued to move downward on Wednesday June 24 with the market remaining weak, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3938873/EUROPE-SECTIONS-Market-falls-again-but-demand-set-to-rise-on-construction-restarts.htmlWed, 24 Jun 2020 16:45:00 GMTDAILY STEEL SCRAP REPORT: Weakening rebar markets keep mills away from deep-sea bookingsThe Turkish deep-sea scrap import market remained quiet on Wednesday June 24, with mills continuing to push for lower prices due to weakening finished long steel demand, sources told Fastmarkets. http://www.metalbulletin.com/Article/3938750/DAILY-STEEL-SCRAP-REPORT-Weakening-rebar-markets-keep-mills-away-from-deep-sea-bookings.htmlWed, 24 Jun 2020 16:22:00 GMTGLOBAL ZINC & LEAD WRAP: Lead demand still weak despite Asia reopenings; zinc premiums flatSpot lead demand in Southeast Asia is still lackluster despite lockdown easing across Vietnam, Malaysia and Indonesia, while interest in spot zinc units was minimal in all regions, which left premiums unchanged in the week to Tuesday June 23. http://www.metalbulletin.com/Article/3938702/GLOBAL-ZINC-and-LEAD-WRAP-Lead-demand-still-weak-despite-Asia-reopenings-zinc-premiums-flat.htmlWed, 24 Jun 2020 15:28:00 GMTCHINA REBAR: Prices flat, but market sentiment still bearishCost pressures kept China’s domestic rebar prices from falling further on Wednesday June 24 despite a pessimistic outlook for demand in the next two months amid high production rates.http://www.metalbulletin.com/Article/3938691/CHINA-REBAR-Prices-flat-but-market-sentiment-still-bearish.htmlWed, 24 Jun 2020 10:52:00 GMTLIVE FUTURES REPORT 24/06: Macro-sensitive LME base metals prices capped in lackluster tradingThree-month base metals prices traded on the London Metal Exchange were broadly range-bound during the morning session on Wednesday June 24, with the macro-sensitive complex unsure which direction to follow. http://www.metalbulletin.com/Article/3938690/LIVE-FUTURES-REPORT-2406-Macro-sensitive-LME-base-metals-prices-capped-in-lackluster-trading.htmlWed, 24 Jun 2020 10:00:00 GMTMORNING VIEW: Metals holding up well; continuing spread of Covid-19 in some regions could threaten supplyBroader markets were consolidating this morning, Wednesday June 24, underpinned by better economic data, but conversely held back by concerns about how the spread of the Covid-19 is accelerating in some regions; the spread in some mining countries is now a potential threat to supply.http://www.metalbulletin.com/Article/3938681/MORNING-VIEW-Metals-holding-up-well-continuing-spread-of-Covid-19-in-some-regions-could-threaten.htmlWed, 24 Jun 2020 08:56:00 GMTGLOBAL ALUMINIUM WRAP: Tariff expectation on Canada boosts US premium; European, Asian premiums fallThe US aluminium premium rose on Tuesday June 23 following speculation on the potential reintroduction of tariffs on Canadian metal, while premiums in Europe and Asia fell on poor fundamentals. http://www.metalbulletin.com/Article/3938643/GLOBAL-ALUMINIUM-WRAP-Tariff-expectation-on-Canada-boosts-US-premium-European-Asian-premiums-fall.htmlWed, 24 Jun 2020 05:16:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 23Here are five Fastmarkets stories you might have missed on Tuesday June 23 that are worth another look.http://www.metalbulletin.com/Article/3938671/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-23.htmlWed, 24 Jun 2020 00:05:00 GMTWEEKLY BASE METAL PREMIUMS REPORT: 23/06A summary of base metals premiums from across the globe for the week to Tuesday June 23.http://www.metalbulletin.com/Article/3938642/WEEKLY-BASE-METAL-PREMIUMS-REPORT-2306.htmlTue, 23 Jun 2020 20:36:00 GMTNoble Group posts $206 mln Q1 loss; cites impact of Covid-19 on supply chainsHong Kong's Noble Group notched a $206 million loss in the first quarter of 2020, with the company citing the breaking of supply chains due to the Covid-19 outbreak as the key reason for the slump, the trading group announced on Tuesday June 23.http://www.metalbulletin.com/Article/3938637/Noble-Group-posts-206-mln-Q1-loss-cites-impact-of-Covid-19-on-supply-chains.htmlTue, 23 Jun 2020 19:05:00 GMTEU passenger car sales to plummet by 25% in 2020 on Covid-19 impact, ACEA saysSales of passenger cars in the EU will fall by 25% year on year in the full 2020 because of the Covid-19 pandemic, the European Automotive Manufacturers Association (ACEA) said on Tuesday June 23. http://www.metalbulletin.com/Article/3938636/EU-passenger-car-sales-to-plummet-by-25-in-2020-on-Covid-19-impact-ACEA-says.htmlTue, 23 Jun 2020 18:41:00 GMTLIVE FUTURES REPORT 23/06: LME copper holds slim gains on macro optimism, fresh outflowsThe LME three-month copper price maintained slim gains made during the day, closing up 0.4% on Tuesday June 23, with high turnover buoyed by US financial stimulus optimism, while stock outflows added further price support. http://www.metalbulletin.com/Article/3938640/LIVE-FUTURES-REPORT-2306-LME-copper-holds-slim-gains-on-macro-optimism-fresh-outflows.htmlTue, 23 Jun 2020 17:51:00 GMTDAILY STEEL SCRAP REPORT: Mills seek lower prices for August cargoesTurkish steel mills extended their silence in the deep-sea scrap markets, but are now pushing for lower prices, sources said on Tuesday June 23. http://www.metalbulletin.com/Article/3938599/DAILY-STEEL-SCRAP-REPORT-Mills-seek-lower-prices-for-August-cargoes.htmlTue, 23 Jun 2020 16:11:00 GMTEUROPE HRC: Mills increase domestic offers despite poor demandEuropean steelmakers have increased their official offer prices on hot-rolled coil in Northern Europe although trading activity remained low, sources told Fastmarkets on Tuesday June 23. http://www.metalbulletin.com/Article/3938633/EUROPE-HRC-Mills-increase-domestic-offers-despite-poor-demand.htmlTue, 23 Jun 2020 16:07:00 GMTPotential return of US tariffs on Canada turns European aluminium market bearish The aluminium duty-paid market in Europe is set to come under increasing pressure due to fears of excess stock arriving from Canada and a weak Japanese market. http://www.metalbulletin.com/Article/3938568/Potential-return-of-US-tariffs-on-Canada-turns-European-aluminium-market-bearish.htmlTue, 23 Jun 2020 16:00:00 GMTGULF STEEL BILLET, REBAR: Domestic prices inch up, import values stableSteel rebar and billet import prices in the United Arab Emirates have remained fairly stable over the past week, while domestic rebar prices have risen slightly, sources said on Tuesday June 23. http://www.metalbulletin.com/Article/3938595/GULF-STEEL-BILLET-REBAR-Domestic-prices-inch-up-import-values-stable.htmlTue, 23 Jun 2020 14:10:00 GMTIRON ORE DAILY: Seaborne prices mixed amid lingering concerns over steel demand Seaborne iron ore prices were mixed on Tuesday June 23, amid continuing concerns over the demand outlook for finished steel products. http://www.metalbulletin.com/Article/3938560/IRON-ORE-DAILY-Seaborne-prices-mixed-amid-lingering-concerns-over-steel-demand.htmlTue, 23 Jun 2020 13:31:00 GMTChinese alumina market looks for price support from Hydro power outage Chinese alumina market participants are closely watching Hydro’s recent power outage to see whether the incident could cause a long-term supply alumina disruption, they told Fastmarkets on Tuesday June 23. http://www.metalbulletin.com/Article/3938556/Chinese-alumina-market-looks-for-price-support-from-Hydro-power-outage.htmlTue, 23 Jun 2020 13:18:00 GMTPRICING NOTICE: Consultation on Fastmarkets' methodology for Taiwan steel scrap price assessmentFastmarkets is inviting feedback from the industry on its pricing methodology for its Taiwan steel scrap price assessment as part of its annual methodology review process, in compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies. http://www.metalbulletin.com/Article/3938543/PRICING-NOTICE-Consultation-on-Fastmarkets-methodology-for-Taiwan-steel-scrap-price-assessment.htmlTue, 23 Jun 2020 12:25:00 GMTLIVE FUTURES REPORT 23/06: LME zinc sinks 1.6% in high-vol trading; copper surpasses $5,900/tThe London Metal Exchange three-month zinc price declined during morning trading on Tuesday June 23 on poor United States home sales figures and US-China trade concerns, while continued stock drawdowns in copper pushed the metal’s price higher. http://www.metalbulletin.com/Article/3938551/LIVE-FUTURES-REPORT-2306-LME-zinc-sinks-16-in-high-vol-trading-copper-surpasses-5900t.htmlTue, 23 Jun 2020 11:14:00 GMTFOCUS: Covid-19 resurgence in Beijing won't derail China's steel recoveryA recent resurgence of Covid-19 infections in Beijing led to some jitters in China’s steel sector in the initial stages of the outbreak, but market participants do not expect this second wave to leave much of an impact on the industry. http://www.metalbulletin.com/Article/3938544/FOCUS-Covid-19-resurgence-in-Beijing-wont-derail-Chinas-steel-recovery.htmlTue, 23 Jun 2020 10:00:00 GMTMORNING VIEW: Volatility increased across markets overnight with mixed signals over US-China tradeMarkets underwent a knee-jerk downward reaction earlier this morning, Tuesday June 23, when it looked like the phase one trade deal between the United States and China was over, but markets snapped back once US President Donald Trump announced the deal was “fully intact”. http://www.metalbulletin.com/Article/3938546/MORNING-VIEW-Volatility-increased-across-markets-overnight-with-mixed-signals-over-US-China-trade.htmlTue, 23 Jun 2020 08:07:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 22Here are five Fastmarkets stories you might have missed on Monday June 22 that are worth another look.http://www.metalbulletin.com/Article/3938541/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-22.htmlTue, 23 Jun 2020 00:05:00 GMTFOCUS: Europe FeSi market looks vulnerable to more lossesThe recent decline in European ferro-silicon spot prices, which had been weakening in line with demand due to a slump in steel production over the course of several weeks, has paused; but the stabilization might be brief due to the approaching seasonal slowdown in July and August and an increase in lower-priced export offers into the EU.http://www.metalbulletin.com/Article/3938537/FOCUS-Europe-FeSi-market-looks-vulnerable-to-more-losses.htmlMon, 22 Jun 2020 22:43:00 GMTEUROPE HRC WRAP: Price fall further in the northDomestic prices for hot-rolled coil fell further in Northern Europe in the week to Friday June 19 due to low market demand. http://www.metalbulletin.com/Article/3938500/EUROPE-HRC-WRAP-Price-fall-further-in-the-north.htmlMon, 22 Jun 2020 17:55:00 GMTLIVE FUTURES REPORT 22/06: LME copper price up 1.8%; zinc swings to contangoThe three-month price of copper on the London Metal Exchange was higher at the close of trading on Monday June 22, topping the complex with a 1.8% uptick despite thin trading volumes, while zinc’s forward curve loosened over the afternoon. http://www.metalbulletin.com/Article/3938513/LIVE-FUTURES-REPORT-2206-LME-copper-price-up-18-zinc-swings-to-contango.htmlMon, 22 Jun 2020 17:06:00 GMTCIS FLAT STEEL: Market firm on Turkish demand, high materials pricesThe export market for flat steel products from the Commonwealth of Independent States was firm during the week ended Monday June 22 because of demand in Turkey and despite high prices for raw materials. http://www.metalbulletin.com/Article/3938505/CIS-FLAT-STEEL-Market-firm-on-Turkish-demand-high-materials-prices.htmlMon, 22 Jun 2020 17:05:00 GMTCIS STEEL SLAB: Market quiet with mills sold outTrading activity had slowed down by the end of last week in the CIS export market for steel slab, with mills closing their sales for August shipment and now evaluating the situation, Fastmarkets heard on Monday June 22. http://www.metalbulletin.com/Article/3938467/CIS-STEEL-SLAB-Market-quiet-with-mills-sold-out.htmlMon, 22 Jun 2020 15:36:00 GMTRUSSIA REBAR: Producers target higher prices for JulyDomestic steel rebar prices in Russia’s Central Federal District around Moscow stabilized over the past week, while producers targeted higher prices for July rolling, supported by rising export sales, sources told Fastmarkets on Monday June 22. http://www.metalbulletin.com/Article/3938466/RUSSIA-REBAR-Producers-target-higher-prices-for-July.htmlMon, 22 Jun 2020 15:15:00 GMTUG2 chrome ore price slides again as market awaits July tender prices The UG2 chrome ore market dipped in the week to Friday June 19 amid a lack of meaningful trading activity ahead of the release of July ferro-chrome tender prices, while spot Chinese ferro-chrome prices continued to show signs of softening.http://www.metalbulletin.com/Article/3938356/UG2-chrome-ore-price-slides-again-as-market-awaits-July-tender-prices.htmlMon, 22 Jun 2020 15:05:00 GMTTURKEY STEEL SCRAP: Domestic prices stable but downturn likelyTurkish domestic scrap prices have remained fairly stable over the past week, with most market participants believing that prices have reached a peak, sources said on Monday June 22. http://www.metalbulletin.com/Article/3938387/TURKEY-STEEL-SCRAP-Domestic-prices-stable-but-downturn-likely.htmlMon, 22 Jun 2020 14:55:00 GMTChina manganese-flake export price at annual low on weak demandChina’s electrolytic manganese flake export price maintained its one-year low on Friday June 19 on lower offers from traders amid sluggish overseas demand, sources said.http://www.metalbulletin.com/Article/3938366/China-manganese-flake-export-price-at-annual-low-on-weak-demand.htmlMon, 22 Jun 2020 14:10:00 GMTIRON ORE DAILY: Seaborne prices down amid increase in arrivals at Chinese portsSeaborne iron ore prices fell on Monday June 22 after an increase in cargo arrivals at Chinese ports last week, sources told Fastmarkets. http://www.metalbulletin.com/Article/3938376/IRON-ORE-DAILY-Seaborne-prices-down-amid-increase-in-arrivals-at-Chinese-ports.htmlMon, 22 Jun 2020 13:13:00 GMTCOKING COAL DAILY: Seaborne premium indices divergeFastmarkets' seaborne premium hard coking coal indices diverged on Monday June 22, with the fob Australia premium rising while other prices mostly edged down and market participants decided to take a wait-and-see approach. http://www.metalbulletin.com/Article/3938375/COKING-COAL-DAILY-Seaborne-premium-indices-diverge.htmlMon, 22 Jun 2020 12:15:00 GMTPressure builds on V2O5, ferro-vanadium markets amid weak end-user demand European vanadium pentoxide (V2O5) and ferro-vanadium prices continued to trade under pressure on Friday June 19 due to weak end-user demand that is causing spot market liquidity to thin. http://www.metalbulletin.com/Article/3938373/Pressure-builds-on-V2O5-ferro-vanadium-markets-amid-weak-end-user-demand.htmlMon, 22 Jun 2020 12:06:00 GMTChina’s vanadium prices retreat on subdued buying, ample supplyChina’s domestic vanadium prices retreated on some of the gains made in recent weeks in week to Thursday June 18 due to thinning buying interest and abundant market supply, sources told Fastmarkets.http://www.metalbulletin.com/Article/3938358/Chinas-vanadium-prices-retreat-on-subdued-buying-ample-supply.htmlMon, 22 Jun 2020 10:50:00 GMTPower outage at Hydro’s Paragominas bauxite mine reduces alumina output at AlunorteProduction at Hydro’s Paragomias bauxite mine, in the state of Pará in northern Brazil, has been temporarily halted due to a power outage, the producer said on Monday June 22. http://www.metalbulletin.com/Article/3938359/Power-outage-at-Hydros-Paragominas-bauxite-mine-reduces-alumina-output-at-Alunorte.htmlMon, 22 Jun 2020 09:45:00 GMTMORNING VIEW: Broad markets mixed, while metals continue to hold upDespite fears of second waves of the Covid-19 virus, base metals prices on the London Metal Exchange were generally holding up well this morning, Monday June 22. But while prices are holding up well, they do seem to have lost upward momentum.http://www.metalbulletin.com/Article/3938357/MORNING-VIEW-Broad-markets-mixed-while-metals-continue-to-hold-up.htmlMon, 22 Jun 2020 08:37:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 19Here are five Fastmarkets stories you might have missed on Friday June 19 that are worth another look.http://www.metalbulletin.com/Article/3938327/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-19.htmlMon, 22 Jun 2020 00:05:00 GMTVale, Sumitomo to sell 20% of PT Vale Indonesia to state-owned InalumBrazilian miner Vale and Japan-based Sumitomo Metal Mining Co have agreed to sell 20% of their joint stake in nickel producer PT Vale Indonesia to state-owned Inalum, a necessary step to renew its operating license past 2025, Vale said on Friday June 19.http://www.metalbulletin.com/Article/3938324/Vale-Sumitomo-to-sell-20-of-PT-Vale-Indonesia-to-state-owned-Inalum.htmlFri, 19 Jun 2020 23:26:00 GMTSpot cobalt hydroxide payables steady; spot trades diminish Spot payables for cobalt intermediates held steady week on week, although buying interest has thinned compared with the beginning of June and May's restocking. http://www.metalbulletin.com/Article/3937802/Spot-cobalt-hydroxide-payables-steady-spot-trades-diminish.htmlFri, 19 Jun 2020 22:36:00 GMTSouth America flat steel import prices climb further; buyers start to deny increasesFlat steel import prices increased week on week in South America while the continuing global uptrend made offers from China, Japan and Brazil more expensive.http://www.metalbulletin.com/Article/3938311/South-America-flat-steel-import-prices-climb-further-buyers-start-to-deny-increases.htmlFri, 19 Jun 2020 21:22:00 GMTWEEKLY STEEL SCRAP WRAP: Global trading activity slows; sentiment soursThere was a noticeable dip in trading in the Turkish deep-sea markets in the week ending Friday June 19 although prices remained firm. http://www.metalbulletin.com/Article/3938036/WEEKLY-STEEL-SCRAP-WRAP-Global-trading-activity-slows-sentiment-sours.htmlFri, 19 Jun 2020 19:06:00 GMTBrazilian slab export price uptrend intensifies as sellers turn to the USExport prices of Brazilian steel slab were up in the week ended Friday June 19, with market participants shifting their focus to US deals in order to fill the import quota under Section 232.http://www.metalbulletin.com/Article/3938281/Brazilian-slab-export-price-uptrend-intensifies-as-sellers-turn-to-the-US.htmlFri, 19 Jun 2020 18:51:00 GMTGlencore says Swiss Attorney General has opened probe over its DRC dealingsThe Attorney General of Switzerland has begun criminal investigations into Glencore’s business practices in the Democratic Republic of the Congo (DRC), the company said on Friday June 19.http://www.metalbulletin.com/Article/3938291/Glencore-says-Swiss-Attorney-General-has-opened-probe-over-its-DRC-dealings.htmlFri, 19 Jun 2020 18:11:00 GMTBrazilian pig iron export price up on full order booksPig iron export prices from Brazil went up again during the week to Friday June 19 on full order books and continued demand in China.http://www.metalbulletin.com/Article/3938277/Brazilian-pig-iron-export-price-up-on-full-order-books.htmlFri, 19 Jun 2020 17:59:00 GMTEUROPE HRC: Domestic prices remain under pressure from low demandDomestic hot-rolled coil prices in Northern Europe have been under pressure from low demand, sources told Fastmarkets on Friday June 19.http://www.metalbulletin.com/Article/3938279/EUROPE-HRC-Domestic-prices-remain-under-pressure-from-low-demand.htmlFri, 19 Jun 2020 17:45:00 GMTUS PIG IRON: Market up despite weak sentiment in USThe United States' pig iron price went up again during the week to Friday June 19 despite weak sentiment in the country.http://www.metalbulletin.com/Article/3938271/US-PIG-IRON-Market-up-despite-weak-sentiment-in-US.htmlFri, 19 Jun 2020 17:25:00 GMTDGH Group starts insolvency proceedings, more diecasters may follow - sourcesGerman diecaster DGH Group has begun insolvency proceedings, sources close to the matter told Fastmarkets on Friday June 19.http://www.metalbulletin.com/Article/3938160/DGH-Group-starts-insolvency-proceedings-more-diecasters-may-follow-sources.htmlFri, 19 Jun 2020 17:04:00 GMTBATTERY RAW MATERIALS MARKET REPORT 19/06: Weak demand puts cobalt metal prices under pressureAn overview of the battery raw materials markets and their latest price moves. http://www.metalbulletin.com/Article/3938274/BATTERY-RAW-MATERIALS-MARKET-REPORT-1906-Weak-demand-puts-cobalt-metal-prices-under-pressure.htmlFri, 19 Jun 2020 16:51:00 GMTBrazil's steel consumption down 25% in May on Covid-19 restrictionsBrazil's steel use dropped by a quarter year on year in May, after Covid-19 restrictions led to a slump in both supplies and demand, the country’s steel association, Instituto Aço Brasil, said this week.http://www.metalbulletin.com/Article/3938199/Brazils-steel-consumption-down-25-in-May-on-Covid-19-restrictions.htmlFri, 19 Jun 2020 16:35:00 GMTLIVE FUTURES REPORT 19/06: LME aluminium closes below $1,600/t; zinc, copper finish strongThe three-month London Metal Exchange aluminium price briefly breached $1,600 per tonne on Friday June 19 before closing at $1,592 per tonne. http://www.metalbulletin.com/Article/3938267/LIVE-FUTURES-REPORT-1906-LME-aluminium-closes-below-1600t-zinc-copper-finish-strong.htmlFri, 19 Jun 2020 16:27:00 GMTNOBLE ALLOYS MARKET REPORT 19/06: APT drops 4.5% on weak end-user demand An overview of the noble alloys markets and the reasons for any price moves. http://www.metalbulletin.com/Article/3938203/NOBLE-ALLOYS-MARKET-REPORT-1906-APT-drops-45-on-weak-end-user-demand.htmlFri, 19 Jun 2020 16:18:00 GMTAluminium suppliers diversify product offerings in oversupplied market The aluminium market has reported an increase in activity for different types of products in recent weeks in attempts to diversify at a time of oversupply and weak prices. http://www.metalbulletin.com/Article/3938076/Aluminium-suppliers-diversify-product-offerings-in-oversupplied-market.htmlFri, 19 Jun 2020 16:05:00 GMTDAILY STEEL SCRAP REPORT: Mills extend absence from deep-sea market in anticipation of lower pricesTurkish steel producers continued to stay away from the deep-sea scrap market at the end of the week in anticipation of a downturn in prices, sources told Fastmarkets on Friday June 19. http://www.metalbulletin.com/Article/3938189/DAILY-STEEL-SCRAP-REPORT-Mills-extend-absence-from-deep-sea-market-in-anticipation-of-lower-prices.htmlFri, 19 Jun 2020 16:00:00 GMTIstim fined by LME for warehouse agreement breachThe London Metal Exchange has fined warehouse operator Istim £30,000 ($37,120) for breaching clauses of its warehouse agreement, the exchange said in a notice to members on Friday June 19. http://www.metalbulletin.com/Article/3938188/Istim-fined-by-LME-for-warehouse-agreement-breach.htmlFri, 19 Jun 2020 15:46:00 GMTCovid-19 uncertainty drives liquidity on CME’s EDP aluminium contract Uncertainty in the aluminium market and poor nearby demand have pushed participants on to exchanges, fueling more liquidity on the Chicago Mercantile Exchange’s aluminium European duty-paid contract (EDP). http://www.metalbulletin.com/Article/3938106/Covid-19-uncertainty-drives-liquidity-on-CMEs-EDP-aluminium-contract.htmlFri, 19 Jun 2020 15:10:00 GMTFreeport to close Norwich copper rod, Bayway specialty products plants Freeport-McMoRan will close its Norwich copper rod mill in the US state of Connecticut and will serve its North American wire and cable customers through its remaining operations in Texas and Arizona. http://www.metalbulletin.com/Article/3938047/Freeport-to-close-Norwich-copper-rod-Bayway-specialty-products-plants.htmlFri, 19 Jun 2020 14:26:00 GMTGLOBAL LITHIUM WRAP: China’s lithium market dips further on slow buyingThe Chinese domestic spot lithium price fell further on Thursday June 18 with thin downstream buying leading to more pressure and lower prices, while prices in the rest of the world kept flat, sources said.http://www.metalbulletin.com/Article/3938075/GLOBAL-LITHIUM-WRAP-Chinas-lithium-market-dips-further-on-slow-buying.htmlFri, 19 Jun 2020 14:15:00 GMTEU delays provisional anti-subsidy duties on HR stainless coil from China, IndonesiaThe European Commission (EC) will skip the implementation of provisional measures into an anti-subsidy case on hot-rolled (HR) flat stainless steel originating from China and Indonesia, Fastmarkets understands. http://www.metalbulletin.com/Article/3938040/EU-delays-provisional-anti-subsidy-duties-on-HR-stainless-coil-from-China-Indonesia.htmlFri, 19 Jun 2020 13:22:00 GMTCOKING COAL DAILY: Seaborne premium indices drop slightly amid concerns over China's import restrictionsSeaborne premium hard coking coal prices dropped slightly on Friday June 19 on a transaction of premium mid-volatility hard coking coal material at a lower price, while concerns over China’s import restrictions constrained Chinese demand, putting pressure on seaborne prices.http://www.metalbulletin.com/Article/3938037/COKING-COAL-DAILY-Seaborne-premium-indices-drop-slightly-amid-concerns-over-Chinas-import.htmlFri, 19 Jun 2020 13:20:00 GMTIRON ORE DAILY: Seaborne prices largely unchanged, steel demand concerns arise in ChinaSeaborne iron ore prices were largely steady on Friday June 19 amid market concerns over the demand outlook for steel products in eastern and southern China. http://www.metalbulletin.com/Article/3938039/IRON-ORE-DAILY-Seaborne-prices-largely-unchanged-steel-demand-concerns-arise-in-China.htmlFri, 19 Jun 2020 13:04:00 GMTLIVE FUTURES REPORT 19/06: LME zinc price up 2%; fresh 10kt cancellation boosts copperThe three-month LME zinc price pushed up in morning trading on Friday June 19 and is now making a steady approach toward the $2,100 per tonne threshold, while more fresh cancellations kept copper’s price elevated. http://www.metalbulletin.com/Article/3938017/LIVE-FUTURES-REPORT-1906-LME-zinc-price-up-2-fresh-10kt-cancellation-boosts-copper.htmlFri, 19 Jun 2020 10:30:00 GMTNornickel completes Australian exit in BHP sale Russian multi-metal miner Nornickel has entered into a definitive agreement to sell its Honeymoon Well nickel project to BHP Billiton Nickel West, a wholly-owned subsidiary of Anglo-Australian miner BHP Group, the company said on Friday June 19.http://www.metalbulletin.com/Article/3938012/Nornickel-completes-Australian-exit-in-BHP-sale.htmlFri, 19 Jun 2020 09:58:00 GMTPRICING NOTICE: Open consultation on Fastmarkets' methodology for Northern Europe HRC Index Fastmarkets is inviting feedback from the industry on its pricing methodology for its Northern Europe hot-rolled coil index as part of its annual methodology review process in compliance with the International Organization of Securities Commissions (IOSCO) principles for price reporting agencies. http://www.metalbulletin.com/Article/3937892/PRICING-NOTICE-Open-consultation-on-Fastmarkets-methodology-for-Northern-Europe-HRC-Index.htmlFri, 19 Jun 2020 08:24:00 GMTMORNING VIEW: Broad markets tread water; metals hold up well, albeit in light volumeMarkets were mixed again this morning, Friday June 19, while participants wait to see if second waves of Covid-19 are going to derail the V-shaped recovery in asset markets.http://www.metalbulletin.com/Article/3938006/MORNING-VIEW-Broad-markets-tread-water-metals-hold-up-well-albeit-in-light-volume.htmlFri, 19 Jun 2020 07:45:00 GMTNornickel mostly cleans oil spill, says mines OKNornickel has completed the first phase of cleaning a massive oil spill in its key mining division, an incident it recently told investors signaled no immediate danger to its mines.http://www.metalbulletin.com/Article/3938003/Nornickel-mostly-cleans-oil-spill-says-mines-OK.htmlFri, 19 Jun 2020 04:33:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 18Here are five Fastmarkets stories you might have missed on Thursday June 18 that are worth another look.http://www.metalbulletin.com/Article/3938001/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-18.htmlFri, 19 Jun 2020 00:05:00 GMTMexico’s Ahmsa, Villacero enter agreement for potential mergerMexican steelmakers Altos Hornos de Mexico (Ahmsa) and Villacero have entered into a non-binding agreement to merge their assets under a new company, Ahmsa said in a Mexican Stock Exchange filing on Thursday June 18.http://www.metalbulletin.com/Article/3937998/Mexicos-Ahmsa-Villacero-enter-agreement-for-potential-merger.htmlThu, 18 Jun 2020 23:43:00 GMTFastmarkets launches trade logs for battery-grade lithium carbonate, hydroxide cif seaborne Asia spot pricesOn Thursday June 18, Fastmarkets launched two trade logs covering battery-grade lithium prices. http://www.metalbulletin.com/Article/3938000/Fastmarkets-launches-trade-logs-for-battery-grade-lithium-carbonate-hydroxide-cif-seaborne-Asia-spot.htmlThu, 18 Jun 2020 22:27:00 GMTNEWSBREAK: Glencore evaluating viability of all of its chrome assets in South Africa Glencore has embarked on a thorough review of the sustainability of its chrome facilities in South Africa in response to weak chrome prices and high electricity costs. http://www.metalbulletin.com/Article/3937979/NEWSBREAK-Glencore-evaluating-viability-of-all-of-its-chrome-assets-in-South-Africa.htmlThu, 18 Jun 2020 19:28:00 GMTLIVE FUTURES REPORT 18/06: LME zinc price maintains uptrend in 1.4% close; copper holds above $5,800/tThe three-month zinc price on the London Metal Exchange was the top performer at the close of trading on Thursday June 18, with steady buying prompting its highest close since February, while copper futures consolidated above nearby support levels over the afternoon.http://www.metalbulletin.com/Article/3937976/LIVE-FUTURES-REPORT-1806-LME-zinc-price-maintains-uptrend-in-14-close-copper-holds-above-5800t.htmlThu, 18 Jun 2020 18:10:00 GMTNEWSBREAK: Glencore evaluating viability of all chrome assets in South AfricaDetails to follow.http://www.metalbulletin.com/Article/3937968/NEWSBREAK-Glencore-evaluating-viability-of-all-chrome-assets-in-South-Africa.htmlThu, 18 Jun 2020 17:40:00 GMTGERMANY STEEL SCRAP: Domestic prices move up in JuneDomestic prices for ferrous scrap in Germany have increased by about €5-10 per tonne month on month in June, sources told Fastmarkets on Thursday June 18.http://www.metalbulletin.com/Article/3937955/GERMANY-STEEL-SCRAP-Domestic-prices-move-up-in-June.htmlThu, 18 Jun 2020 17:33:00 GMTEUROPE HRC: Domestic prices reach ‘bottom’, mills plan to increase offersDomestic prices for hot-rolled coil in Northern Europe have reached the “bottom”, sources told Fastmarkets on Thursday June 18, with steelmakers expected to announce price rises soon. http://www.metalbulletin.com/Article/3937898/EUROPE-HRC-Domestic-prices-reach-bottom-mills-plan-to-increase-offers.htmlThu, 18 Jun 2020 16:43:00 GMTDAILY STEEL SCRAP REPORT: Turkish mills stay away from deep-sea bookings, downturn expectedTurkish steel mills booked no deep-sea cargoes on Thursday June 18, with a growing number of market participants now believing that prices have reached a peak, sources told Fastmarkets. http://www.metalbulletin.com/Article/3937895/DAILY-STEEL-SCRAP-REPORT-Turkish-mills-stay-away-from-deep-sea-bookings-downturn-expected.htmlThu, 18 Jun 2020 16:10:00 GMTBrazil's CSN announces 10.5% steel price increase for JulyBrazilian steelmaker Companhia Siderúrgica Nacional (CSN) will increase domestic prices by 10.5% on July 1, it told distribution clients this week, sources with knowledge of the move told Fastmarkets.http://www.metalbulletin.com/Article/3937836/Brazils-CSN-announces-105-steel-price-increase-for-July.htmlThu, 18 Jun 2020 14:40:00 GMTIRON ORE DAILY: Seaborne prices fall after Vale announces Itabira restartSeaborne iron ore prices fell on Thursday June 18 after Vale announced the gradual resumption of operations at its Itabira complex in southern Brazil. http://www.metalbulletin.com/Article/3937827/IRON-ORE-DAILY-Seaborne-prices-fall-after-Vale-announces-Itabira-restart.htmlThu, 18 Jun 2020 14:06:00 GMTRESEARCH: Key takeaways from the latest Steel Raw Materials Market TrackerThe latest forecasts from Fastmarkets’ team of analysts are ready to view.http://www.metalbulletin.com/Article/3937823/RESEARCH-Key-takeaways-from-the-latest-Steel-Raw-Materials-Market-Tracker.htmlThu, 18 Jun 2020 13:15:00 GMTJAPAN STEEL SCRAP: Export prices stable but expected to weakenExport prices for steel scrap from Japan remained largely unchanged in the week to Wednesday June 17, but market participants expecting to see lower prices in the next bookings. http://www.metalbulletin.com/Article/3937824/JAPAN-STEEL-SCRAP-Export-prices-stable-but-expected-to-weaken.htmlThu, 18 Jun 2020 12:42:00 GMTFOCUS: Brazil’s Asia steel scrap export route blooms amid renewed trade opportunitiesBrazilian sellers have ramped up containerized exports of steel scrap into South Asian markets over the past year but this explosion in export sales is unlikely to be a long-term trend, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3937752/FOCUS-Brazils-Asia-steel-scrap-export-route-blooms-amid-renewed-trade-opportunities.htmlThu, 18 Jun 2020 12:00:00 GMTLIVE FUTURES REPORT 18/06: LME copper clears $5,800/t in 1% incline; zinc holds gainsThe London Metal Exchange three-month copper price rose during morning trading on Thursday June 18, breaching nearby resistance levels after a sizable fresh cancellation, while zinc futures maintained Wednesday afternoon’s gains in a steady consolidation above $2,000 per tonne.http://www.metalbulletin.com/Article/3937818/LIVE-FUTURES-REPORT-1806-LME-copper-clears-5800t-in-1-incline-zinc-holds-gains.htmlThu, 18 Jun 2020 10:52:00 GMTStrong demand sustaining iron ore prices despite Vale's restart of Itabira opsStrong demand for seaborne iron ore and uncertainties over Brazilian supply of the steelmaking raw material continue to prop up spot prices despite Vale’s resumption of operations at its Itabira mining complex. http://www.metalbulletin.com/Article/3937799/Strong-demand-sustaining-iron-ore-prices-despite-Vales-restart-of-Itabira-ops.htmlThu, 18 Jun 2020 10:35:00 GMTFOCUS: Yandi fines shine amid high-grade iron ore price surgeLow-grade Yandi iron ore are turning out to be the fines of choice for Chinese steelmakers amid surging prices for other higher-grade products, with spot trading activity for the low-impurity 57.1% Fe material increasing recently.http://www.metalbulletin.com/Article/3937590/FOCUS-Yandi-fines-shine-amid-high-grade-iron-ore-price-surge.htmlThu, 18 Jun 2020 08:58:00 GMTMORNING VIEW: Broad markets consolidating; metals hold up well but crosswinds prompt reassessmentsMarkets were mixed again this morning, Thursday June 18; equity indices were weighing up the possible impact of second waves of Covid-19 against the supportive measures governments continue to provide and pledge. http://www.metalbulletin.com/Article/3937807/MORNING-VIEW-Broad-markets-consolidating-metals-hold-up-well-but-crosswinds-prompt-reassessments.htmlThu, 18 Jun 2020 08:57:00 GMTTraxys to stay in US tin trade, exit others: companyTraxys North America will remain in the tin trade in North America, the Luxembourg-based trading giant said on Wednesday June 17, contrary to multiple market sources’ understanding. http://www.metalbulletin.com/Article/3937797/Traxys-to-stay-in-US-tin-trade-exit-others-company.htmlThu, 18 Jun 2020 04:10:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 17Here are five Fastmarkets stories you might have missed on Wednesday June 17 that are worth another look.http://www.metalbulletin.com/Article/3937796/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-17.htmlThu, 18 Jun 2020 00:05:00 GMTRESEARCH: Key takeaways from the latest Seamless OCTG and Linepipe Market TrackerThe latest forecasts from Fastmarkets’ team of analysts are ready to view.http://www.metalbulletin.com/Article/3937791/RESEARCH-Key-takeaways-from-the-latest-Seamless-OCTG-and-Linepipe-Market-Tracker.htmlWed, 17 Jun 2020 23:05:00 GMTEUROPE SECTIONS: Market remains under pressure ahead of quota renewalPrices for hollow steel sections in Europe continued to move down on Wednesday June 17, with feedstock prices continuing to fall ahead of the imminent renewal of the EU's import quotas, sources told Fastmarkets.http://www.metalbulletin.com/Article/3937754/EUROPE-SECTIONS-Market-remains-under-pressure-ahead-of-quota-renewal.htmlWed, 17 Jun 2020 19:54:00 GMTLIVE FUTURES REPORT 17/06: LME nickel price slips 1.3% in lackluster afternoon; zinc breaches $2,000/tThe three-month nickel price was the worst-performing LME base metal at the close of trading on Wednesday June 17, with a 1.3% downturn, while a steady climb in zinc futures saw it overcome nearby resistance. http://www.metalbulletin.com/Article/3937760/LIVE-FUTURES-REPORT-1706-LME-nickel-price-slips-13-in-lackluster-afternoon-zinc-breaches-2000t.htmlWed, 17 Jun 2020 18:08:00 GMTEUROPE BEAMS: Prices inch down after unexpected fall in feedstock costsThe price for steel H-beams in Europe moved down Wednesday June 17, after feedstock costs in the region were settled lower than expected, sources told Fastmarkets. http://www.metalbulletin.com/Article/3937652/EUROPE-BEAMS-Prices-inch-down-after-unexpected-fall-in-feedstock-costs.htmlWed, 17 Jun 2020 17:44:00 GMTBASE METALS WARRANT REPORT 17/06A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 17.http://www.metalbulletin.com/Article/3937715/BASE-METALS-WARRANT-REPORT-1706.htmlWed, 17 Jun 2020 17:36:00 GMTEuropean Aluminium calls for action on subsidized production European Aluminium has called on the European Commission (EC) to address the distorting effects of foreign subsidies in the European Union (EU) single market and said the region’s aluminium industry is buckling under the pressure of subsidized excess capacity from China.http://www.metalbulletin.com/Article/3937758/European-Aluminium-calls-for-action-on-subsidized-production.htmlWed, 17 Jun 2020 16:33:00 GMTRESEARCH: Key takeaways from the latest Base Metals Market TrackerThe latest forecasts from Fastmarkets’ team of analysts are ready to view.http://www.metalbulletin.com/Article/3937751/RESEARCH-Key-takeaways-from-the-latest-Base-Metals-Market-Tracker.htmlWed, 17 Jun 2020 16:23:00 GMTDAILY STEEL SCRAP REPORT: Prices stable after fresh US bookingTurkish steel producers continued to book deep-sea scrap for July shipment at steady prices on Wednesday June 17, sources told Fastmarkets. http://www.metalbulletin.com/Article/3937654/DAILY-STEEL-SCRAP-REPORT-Prices-stable-after-fresh-US-booking.htmlWed, 17 Jun 2020 16:22:00 GMTGLOBAL NICKEL WRAP: Thin buying interest keeps premiums flat in all regionsGlobal nickel premiums were flat in the week to Tuesday June 17, with lackluster demand for physical nickel affecting all regional markets and tempering premiums as a result. http://www.metalbulletin.com/Article/3937604/GLOBAL-NICKEL-WRAPThin-buying-interest-keeps-premiums-flat-in-all-regions.htmlWed, 17 Jun 2020 16:11:00 GMTGLOBAL ZINC & LEAD WRAP: Taiwanese primary lead premium slumps as supply hits The 99.99% cif Taiwan lead ingot premium dropped in the week to Tuesday June 16 after more material came on to the spot market, while premiums for zinc globally were stable to weaker in quiet trading conditions. http://www.metalbulletin.com/Article/3937655/GLOBAL-ZINC-and-LEAD-WRAP-Taiwanese-primary-lead-premium-slumps-as-supply-hits.htmlWed, 17 Jun 2020 13:41:00 GMTSHFE aluminium uptrend persists; new projects, imported material pressure marketThe Shanghai Futures Exchange aluminium price uptrend will last at least until the end of June on recently strong downstream demand but new aluminium projects as well imported material may cap that, several aluminium market experts said to Fastmarkets on June 16.http://www.metalbulletin.com/Article/3937607/SHFE-aluminium-uptrend-persists-new-projects-imported-material-pressure-market.htmlWed, 17 Jun 2020 12:48:00 GMTIRON ORE DAILY: Seaborne prices buckle amid lack of clarity on demand outlookSeaborne iron ore prices weakened on Wednesday June 17 amid concerns over the demand outlook for steel products. http://www.metalbulletin.com/Article/3937608/IRON-ORE-DAILY-Seaborne-prices-buckle-amid-lack-of-clarity-on-demand-outlook.htmlWed, 17 Jun 2020 12:39:00 GMTAlcoa starts formal consultation for collective dismissal at San Ciprián smelter Aluminium producer Alcoa will begin a formal consultation process for the collective dismissal of employees at its San Ciprián aluminium smelter in Spain, it said on Wednesday June 17. http://www.metalbulletin.com/Article/3937605/Alcoa-starts-formal-consultation-for-collective-dismissal-at-San-Ciprin-smelter.htmlWed, 17 Jun 2020 11:38:00 GMTFOCUS: Time to revisit Asia’s largest untapped zinc-lead deposit?At 5,500 meters above sea level, a team of four from a major Chinese zinc smelter was driving up a snowy mountain in the summer of 2018, on their way to the country's largest known zinc-lead deposit - the Huoshaoyun deposit southwest of Hotan County in the Xinjiang Uyghur Autonomous Region.http://www.metalbulletin.com/Article/3937451/FOCUS-Time-to-revisit-Asias-largest-untapped-zinc-lead-deposit.htmlWed, 17 Jun 2020 09:23:00 GMTMORNING VIEW: Markets pause to evaluate impact of Covid-19 secondary wavesMarkets were mixed this morning, Wednesday June 17, while bullish sentiment continues to be fueled by government liquidity and stimulus but Covid-19 concerns and economic reality remain headwinds.http://www.metalbulletin.com/Article/3937591/MORNING-VIEW-Markets-pause-to-evaluate-impact-of-Covid-19-secondary-waves.htmlWed, 17 Jun 2020 08:27:00 GMTGLOBAL ALUMINIUM WRAP: LME spreads hold Rotterdam; Brazil premium risesAluminium premiums across the globe were mostly static on Tuesday June 16 but a slight demand bump in Brazil pushed the cif dup Brazilian main ports premium higher. http://www.metalbulletin.com/Article/3937553/GLOBAL-ALUMINIUM-WRAP-LME-spreads-hold-Rotterdam-Brazil-premium-rises.htmlWed, 17 Jun 2020 06:10:00 GMTGLOBAL COPPER WRAP: China premiums halt decline; European, US terms unchangedA narrowing loss in the London Metal Exchange-Shanghai Futures Exchange import arbitrage has helped improve Shanghai ER copper premiums in China, whereas sluggish demand kept premiums in Europe and the United States unchanged.http://www.metalbulletin.com/Article/3937586/GLOBAL-COPPER-WRAP-China-premiums-halt-decline-European-US-terms-unchanged.htmlWed, 17 Jun 2020 03:37:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 16Here are five Fastmarkets stories you might have missed on Tuesday June 16 that are worth another look.http://www.metalbulletin.com/Article/3937580/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-16.htmlWed, 17 Jun 2020 00:05:00 GMTRESEARCH: Key takeaways from the latest North American Steel Market TrackerThe latest forecasts from Fastmarkets’ team of analysts are ready to view.http://www.metalbulletin.com/Article/3937566/RESEARCH-Key-takeaways-from-the-latest-North-American-Steel-Market-Tracker.htmlTue, 16 Jun 2020 23:37:00 GMTWEEKLY BASE METAL PREMIUMS REPORT: 16/06A summary of base metals premiums from across the globe for the week to Tuesday June 16. http://www.metalbulletin.com/Article/3937554/WEEKLY-BASE-METAL-PREMIUMS-REPORT-1606.htmlTue, 16 Jun 2020 20:40:00 GMTLIVE FUTURES REPORT 16/06: US Fed drives risk-on bull rally across LME base metalsThe unveiling of the US Federal Reserve's corporate bond purchase program late in the European trading day on Monday June 15 revived investor confidence in commodities on Tuesday, boosting LME three-month base metals prices. http://www.metalbulletin.com/Article/3937555/LIVE-FUTURES-REPORT-1606US-Fed-drives-risk-on-bull-rally-across-LME-base-metals.htmlTue, 16 Jun 2020 18:46:00 GMTSandvik to cut 429 jobs in Sweden after Covid-19 restrictions cause slump in stainless marketSwedish stainless steel producer Sandvik is to cut 429 jobs from its Sandvik Materials Technology division later this year because of the negative impact on business of the Covid-19 pandemic. http://www.metalbulletin.com/Article/3937550/Sandvik-to-cut-429-jobs-in-Sweden-after-Covid-19-restrictions-cause-slump-in-stainless-market.htmlTue, 16 Jun 2020 18:06:00 GMTChina releases minimal non-ferrous scrap quotas before scrap reclassificationChina has released a minimal amount of quotas in its eighth announcement in 2020 to allow importers to source copper and aluminium scrap from overseas, Fastmarkets understands. http://www.metalbulletin.com/Article/3937548/China-releases-minimal-non-ferrous-scrap-quotas-before-scrap-reclassification.htmlTue, 16 Jun 2020 17:25:00 GMTDAILY STEEL SCRAP REPORT: Prices could rise further if rebar demand growsTurkish steel producers continued to stay away from the deep-sea scrap import market, but the current firm prices could soon start to rise if demand for rebar grows, sources said on Tuesday June 16. http://www.metalbulletin.com/Article/3937490/DAILY-STEEL-SCRAP-REPORT-Prices-could-rise-further-if-rebar-demand-grows.htmlTue, 16 Jun 2020 16:13:00 GMTCIS LONG STEEL: Mills raise export offers following move by Turkish suppliersRebar and wire rod producers from the Commonwealth of Independent States (CIS) increased their offer prices after hikes by Turkish suppliers this week, in response to higher scrap costs. http://www.metalbulletin.com/Article/3937453/CIS-LONG-STEEL-Mills-raise-export-offers-following-move-by-Turkish-suppliers.htmlTue, 16 Jun 2020 14:34:00 GMTIRON ORE DAILY: Seaborne prices rebound amid weekly decrease in shipmentsSeaborne iron ore prices went up on Tuesday June 16 following a rise in the futures market due to a weekly decrease in shipments from Australia and Brazil, sources told Fastmarkets. http://www.metalbulletin.com/Article/3937450/IRON-ORE-DAILY-Seaborne-prices-rebound-amid-weekly-decrease-in-shipments.htmlTue, 16 Jun 2020 12:00:00 GMTPush to electric vehicles unscathed by Covid-19 in medium term - UmicoreThe electric vehicle (EV) sector will continue to find support in the medium term despite the overall impact of Covid-19 on global automotive output in 2020, according to battery materials manufacturer Umicore. http://www.metalbulletin.com/Article/3937432/Push-to-electric-vehicles-unscathed-by-Covid-19-in-medium-term-Umicore.htmlTue, 16 Jun 2020 11:26:00 GMTMORNING VIEW: Markets revert to being bullish as Federal Reserve appears to be willing to ‘do whatever it takes’Markets were stronger across the board this morning, Tuesday June 16, reversing the weakness seen at the end of last week and during early trading on Monday.http://www.metalbulletin.com/Article/3937439/MORNING-VIEW-Markets-revert-to-being-bullish-as-Federal-Reserve-appears-to-be-willing-to-do-whatever.htmlTue, 16 Jun 2020 08:38:00 GMTPRICING NOTICE: Consultation period extended for launch of tantalum concentrate priceAfter market feedback, Fastmarkets MB is extending the consultation period for its proposal to launch a weekly price assessment for tantalum concentrate.http://www.metalbulletin.com/Article/3936904/PRICING-NOTICE-Consultation-period-extended-for-launch-of-tantalum-concentrate-price.htmlTue, 16 Jun 2020 06:00:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 15Here are five Fastmarkets stories you might have missed on Monday June 15 that are worth another look.http://www.metalbulletin.com/Article/3937435/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-15.htmlTue, 16 Jun 2020 00:05:00 GMTEIB completes $140 mln loan to Umicore for battery materials factoryThe European Investment Bank (EIB) has granted a €125 million ($140 million) loan to Belgium-based global material technologies and recycling group Umicore to partially finance the construction of a battery cathode material manufacturing facility in Poland.http://www.metalbulletin.com/Article/3937410/EIB-completes-140-mln-loan-to-Umicore-for-battery-materials-factory.htmlMon, 15 Jun 2020 17:27:00 GMTTata Steel Europe faces further strike action at IJmuiden after union talks stallWorkers at Tata Steel IJmuiden in the Netherlands will continue industrial action after negotiations with the company's management fell through, the trade union FNV Metaal said on Sunday June 14. http://www.metalbulletin.com/Article/3937261/Tata-Steel-Europe-faces-further-strike-action-at-IJmuiden-after-union-talks-stall.htmlMon, 15 Jun 2020 16:28:00 GMTSaudi Arabia postpones duty increase on steel imports Saudi Arabia General Customs Authority has postponed its planned increase in duties on steel imports, it said on Thursday June 11. http://www.metalbulletin.com/Article/3937340/Saudi-Arabia-postpones-duty-increase-on-steel-imports.htmlMon, 15 Jun 2020 15:26:00 GMTMANGANESE ORE ANALYTICS: June 15, 2020The latest data for the global manganese ore market for the week ended June 15, 2020.http://www.metalbulletin.com/Article/3937312/MANGANESE-ORE-ANALYTICS-June-15-2020.htmlMon, 15 Jun 2020 15:20:00 GMTChina’s UG2 chrome ore index breaks five-week rising streak The UG2 chrome ore price retreated for the first time since March 20 due to reduced buying interest in contrast to the consistent liquidity over the past few weeks. http://www.metalbulletin.com/Article/3937259/Chinas-UG2-chrome-ore-index-breaks-five-week-rising-streak.htmlMon, 15 Jun 2020 14:00:00 GMTCOKING COAL DAILY: Seaborne premium prices rise on active tradingSeaborne premium hard coking coal prices increased on Monday June 15, with market participants from China active in the spot market. http://www.metalbulletin.com/Article/3937298/COKING-COAL-DAILY-Seaborne-premium-prices-rise-on-active-trading.htmlMon, 15 Jun 2020 13:05:00 GMTPRICING NOTICE: Correction to manganese ore indices, rationalesFastmarkets has corrected its weekly manganese ore 37% index, cif Tianjin, 37% index, fob Port Elizabeth, and 44% index, cif Tianjin which were published incorrectly on Friday June 12 due to reporter error. http://www.metalbulletin.com/Article/3937267/PRICING-NOTICE-Correction-to-manganese-ore-indices-rationales.htmlMon, 15 Jun 2020 11:35:00 GMTHydro’s aluminium extruded, rolled product sales plummet due to Covid-19 restrictionsAluminium producer Hydro has reported a 42% drop in sales from its Extruded Solutions business unit and a 21% drop in rolled product sales for April-May, due to the impact of Covid-19 restrictions.http://www.metalbulletin.com/Article/3937265/Hydros-aluminium-extruded-rolled-product-sales-plummet-due-to-Covid-19-restrictions.htmlMon, 15 Jun 2020 10:40:00 GMTLIVE FUTURES REPORT 15/06: Off-target Chinese data weighs on LME base metals prices Base metals price on the London Metal Exchange were lower during morning trading on Monday June 15, pressured lower by weaker-than-expected industrial data out of China, while a fresh inflow of 16,175 tonnes was an added headwind for copper futures prices. http://www.metalbulletin.com/Article/3937268/LIVE-FUTURES-REPORT-1506-Off-target-Chinese-data-weighs-on-LME-base-metals-prices.htmlMon, 15 Jun 2020 10:25:00 GMTChina’s steel output hits record high in May amid recovering demand China’s crude steel, hot metal and finished steel output all rose to historical highs in May, according to data released by the country’s National Bureau of Statistics (NBS) on Monday June 15.http://www.metalbulletin.com/Article/3937257/Chinas-steel-output-hits-record-high-in-May-amid-recovering-demand.htmlMon, 15 Jun 2020 09:18:00 GMTSeaborne iron ore concentrates, pellet prices rise after surge in fines pricesTrading activity in the seaborne iron ore concentrates and pellet markets was limited in the week to Friday June 12 after increases in line with rising iron ore fines prices. http://www.metalbulletin.com/Article/3937248/Seaborne-iron-ore-concentrates-pellet-prices-rise-after-surge-in-fines-prices.htmlMon, 15 Jun 2020 09:18:00 GMTMORNING VIEW: Metals, broader markets open in negative territory as fears of second waves of Covid-19 riseEquity markets started to show some weakness last week, although dips were being bought, but this morning, Monday June 15, the mood seems to have become more concerned about the rise in second waves of Covid-19 in many countries and the socio-economic implications of these. http://www.metalbulletin.com/Article/3937260/MORNING-VIEW-Metals-broader-markets-open-in-negative-territory-as-fears-of-second-waves-of-Covid-19.htmlMon, 15 Jun 2020 08:48:00 GMTPhysical aluminium traders in Europe see gold in ‘green’Following a raft of green stimulus initiatives in Europe, along with the London Metal Exchange’s plan explore the realm of low-carbon footprint aluminium trading, market participants see long-term opportunities in investing in environmentally friendly P1020 brands. http://www.metalbulletin.com/Article/3937199/Physical-aluminium-traders-in-Europe-see-gold-in-green.htmlMon, 15 Jun 2020 08:00:00 GMTFOCUS: Higher HRC prices in Asia draw away Turkish, CIS suppliers from EuropeExporters of hot-rolled coil in Turkey and the Commonwealth of Independent States have been redirecting volumes to Asia from their traditional markets such as Europe. http://www.metalbulletin.com/Article/3936974/FOCUS-Higher-HRC-prices-in-Asia-draw-away-Turkish-CIS-suppliers-from-Europe.htmlMon, 15 Jun 2020 07:30:00 GMTNornickel oil spill cost may well surpass $150mlnNornickel’s estimated $150-million cost to clean a company oil leak is “hugely preliminary”, the Russian miner said in a press conference two weeks after the biggest oil spill in the Arctic Circle since the Exxon Valdez.http://www.metalbulletin.com/Article/3937252/Nornickel-oil-spill-cost-may-well-surpass-150mln.htmlMon, 15 Jun 2020 05:40:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 12Here are five Fastmarkets stories you might have missed on Friday June 12 that are worth another look.http://www.metalbulletin.com/Article/3937238/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-12.htmlMon, 15 Jun 2020 00:05:00 GMTAmended EU safeguard measures to result in HRC import volume drop, hurt independent distributors, Assofermet saysThe proposed changes to existing EU safeguard measures for hot-rolled coil would result in a drop in import volumes and consequently injure independent distribution in Europe, Italian steel distributors’ association Assofermet said in a letter to the European Commission (EC).http://www.metalbulletin.com/Article/3937214/Amended-EU-safeguard-measures-to-result-in-HRC-import-volume-drop-hurt-independent-distributors.htmlFri, 12 Jun 2020 22:44:00 GMTSteel import price recovery persists in South America on stronger demand, currency Prices for flat-rolled steel imported into South America continued to recover during the week to Friday June 12 as more increases were issued - mainly by Chinese and Japanese mills - for August-shipment cargoes.http://www.metalbulletin.com/Article/3937202/Steel-import-price-recovery-persists-in-South-America-on-stronger-demand-currency.htmlFri, 12 Jun 2020 21:14:00 GMTWEEKLY STEEL SCRAP WRAP: Turkey keeps buying, Asia bulk markets go quietTurkish steel producers remained active in the market for import scrap in the week ending Friday June 12, while prices for bulk scrap in Japan and Vietnam appear to hit a ceiling as activity slowed. http://www.metalbulletin.com/Article/3936969/WEEKLY-STEEL-SCRAP-WRAP-Turkey-keeps-buying-Asia-bulk-markets-go-quiet.htmlFri, 12 Jun 2020 20:17:00 GMTUK STEEL SCRAP MONTHLY: Market up again on scrap arisings, exportsThe UK market for deliveries of steel scrap to domestic consumers has increased again month on month, on tighter scrap generation against steady demand and higher export prices into traditional destinations, market sources told Fastmarkets on Friday June 12.http://www.metalbulletin.com/Article/3937206/UK-STEEL-SCRAP-MONTHLY-Market-up-again-on-scrap-arisings-exports.htmlFri, 12 Jun 2020 19:43:00 GMTEurope starts anti-subsidy probe into HRC from TurkeyThe European Commission (EC) has initiated an anti-subsidy investigation into hot-rolled coil imports from Turkey, it said on Friday June 12. http://www.metalbulletin.com/Article/3937203/Europe-starts-anti-subsidy-probe-into-HRC-from-Turkey.htmlFri, 12 Jun 2020 19:29:00 GMTALUMINIUM FOUNDRY WRAP: Premiums stagnant following slow return of automotive consumers Primary foundry aluminium premiums in Europe and the United States were flat on Friday June 12, with little demand from the automotive sector last month, market participants said. http://www.metalbulletin.com/Article/3937192/ALUMINIUM-FOUNDRY-WRAP-Premiums-stagnant-following-slow-return-of-automotive-consumers.htmlFri, 12 Jun 2020 19:27:00 GMTItalian rebar producers find new export outlet in North AmericaItalian rebar producers seeking new export destinations, appear to have succeeded after reports of a surge in sales to North America this week, sources told Fastmarkets on Friday, June 12. http://www.metalbulletin.com/Article/3936981/Italian-rebar-producers-find-new-export-outlet-in-North-America.htmlFri, 12 Jun 2020 19:06:00 GMTALUMINA SNAPSHOT: LME aluminium rebound sends fob Australia index to three-month Key information from the pricing session for Fastmarkets’ alumina index, fob Australia on Friday June 12. http://www.metalbulletin.com/Article/3937154/ALUMINA-SNAPSHOT-LME-aluminium-rebound-sends-fob-Australia-index-to-three-month.htmlFri, 12 Jun 2020 17:17:00 GMTBATTERY RAW MATERIALS MARKET REPORT 12/06: China cobalt prices drift lower amid thinning consumer inquiriesAn overview of the battery raw materials markets and their latest price moves. http://www.metalbulletin.com/Article/3937193/BATTERY-RAW-MATERIALS-MARKET-REPORT-1206-China-cobalt-prices-drift-lower-amid-thinning-consumer.htmlFri, 12 Jun 2020 16:58:00 GMTDAILY STEEL SCRAP REPORT: Turkish deep-sea bookings reach 250,000 tonnes for the week, prices firmTurkish steel producers continued their deep-sea scrap purchases for July shipments at firm prices, pushing this week's volumes to about 250,000 tonnes, sources told Fastmarkets on Friday June 12. http://www.metalbulletin.com/Article/3937150/DAILY-STEEL-SCRAP-REPORT-Turkish-deep-sea-bookings-reach-250000-tonnes-for-the-week-prices-firm.htmlFri, 12 Jun 2020 16:50:00 GMTTURKEY COATED FLAT STEEL: Prices continue to rise, buyers wait and seeTurkish prices for hot-dipped galvanized (HDG) and color-coated coil continued to increase in the week to Friday June 12, but buyers preferred to wait and see if the price increases will be permanent, sources told Fastmarkets. http://www.metalbulletin.com/Article/3937145/TURKEY-COATED-FLAT-STEEL-Prices-continue-to-rise-buyers-wait-and-see.htmlFri, 12 Jun 2020 16:38:00 GMTCOPPER CONCS SNAPSHOT: TC/RCs drop on lower trader buying terms Fastmarkets’ benchmark copper concentrate treatment and refining charge (TC/RC) index dropped on Friday June 12 with traders eager to buy tonnages on a spot basis. http://www.metalbulletin.com/Article/3937146/COPPER-CONCS-SNAPSHOT-TCRCs-drop-on-lower-trader-buying-terms.htmlFri, 12 Jun 2020 16:27:00 GMTGFG to cut jobs in efficiency drive following pandemic related drop in demand GFG Alliance will cut jobs following a drop in demand for steel due to the pandemic which has had a significant, lasting impact on the economies of the countries in which it operates, it said on Thursday June 11. http://www.metalbulletin.com/Article/3936972/GFG-to-cut-jobs-in-efficiency-drive-following-pandemic-related-drop-in-demand.htmlFri, 12 Jun 2020 15:43:00 GMTCOKING COAL DAILY: Seaborne hard coking coal fob Australia index picks up after deal to IndiaFastmarkets' fob Australia seaborne hard coking coal index moved up on Friday June 12, after a steel mill in India booked an August-laycan spot cargo on Thursday. http://www.metalbulletin.com/Article/3936968/COKING-COAL-DAILY-Seaborne-hard-coking-coal-fob-Australia-index-picks-up-after-deal-to-India.htmlFri, 12 Jun 2020 12:30:00 GMTNEWSBREAK: New MJP Q3 deals done at $60/t, $68/t A deal for third-quarter aluminium ingot supply to Japan has been concluded at a premium of $60 per tonne cif main Japanese ports (MJP), sources told Fastmarkets on Friday June 12 - a drop of 29.4% from a deal done last week. http://www.metalbulletin.com/Article/3936952/NEWSBREAK-New-MJP-Q3-deals-done-at-60t-68t.htmlFri, 12 Jun 2020 10:05:00 GMTFresh S Korean steelmaking cuts smash demand for high-grade scrapRecent closures and restrictions at several furnaces that produce high-grade steel products across South Korea have worsened demand for imports of Japanese busheling scrap, market sources told Fastmarkets on Friday June 12.http://www.metalbulletin.com/Article/3936947/Fresh-S-Korean-steelmaking-cuts-smash-demand-for-high-grade-scrap.htmlFri, 12 Jun 2020 09:08:00 GMTMORNING VIEW: Base metals prices consolidate after Thursday’s broad-based reality checkThere has been some follow-through selling in Asian-Pacific equity markets and base metals on the Shanghai Futures Exchange this morning, Friday June 12, but base metals on the London Metal Exchange and pre-market major western equity index futures are consolidating after Thursday's routs. http://www.metalbulletin.com/Article/3936946/MORNING-VIEW-Base-metals-prices-consolidate-after-Thursdays-broad-based-reality-check.htmlFri, 12 Jun 2020 07:31:00 GMTChina's auto recovery speeds up in MayChina’s auto output and sales experienced double-digit growth in May amid government efforts to jumpstart the economy after containing the spread of Covid-19 in the country, the China Association of Automobile Manufacturers (CAAM) reported on Thursday.http://www.metalbulletin.com/Article/3936945/Chinas-auto-recovery-speeds-up-in-May.htmlFri, 12 Jun 2020 05:59:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 11Here are five Fastmarkets stories you might have missed on Thursday June 11 that are worth another look.http://www.metalbulletin.com/Article/3936936/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-11.htmlFri, 12 Jun 2020 00:05:00 GMTEUROPE HRC: EU steelmakers to push for price rises despite poor demandEuropean producers of hot-rolled coil will announce domestic price increases in the middle of June despite low demand, sources told Fastmarkets on Thursday June 11. http://www.metalbulletin.com/Article/3936917/EUROPE-HRC-EU-steelmakers-to-push-for-price-rises-despite-poor-demand.htmlThu, 11 Jun 2020 18:51:00 GMTLIVE FUTURES REPORT 11/06: Base metals lose ground, LME aluminium dips 2%All base metals lost ground during trading on Thursday June 11, with the London Metal Exchange three-month aluminium price falling by 2% to close at $1,601.50 per tonne. http://www.metalbulletin.com/Article/3936915/LIVE-FUTURES-REPORT-1106-Base-metals-lose-ground-LME-aluminium-dips-2.htmlThu, 11 Jun 2020 18:27:00 GMTFOCUS: Widening China-Europe vanadium price gap revives import interest - sources Chinese vanadium price rises have increased the differential with the European vanadium market, sparking interest in import business in China, market sources told Fastmarkets. http://www.metalbulletin.com/Article/3936833/FOCUS-Widening-China-Europe-vanadium-price-gap-revives-import-interest-sources.htmlThu, 11 Jun 2020 17:33:00 GMTFOCUS: LME’s low-carbon aluminium initiatives divide market The London Metal Exchange has bolstered efforts to explore low-carbon initiatives this month, emphasizing green aluminium production as its target, but at a time of unprecedented distortions across the global raw materials supply chain, market sentiment remains mixed. http://www.metalbulletin.com/Article/3936798/FOCUS-LMEs-low-carbon-aluminium-initiatives-divide-market.htmlThu, 11 Jun 2020 16:46:00 GMTFOCUS: Weak demand, surplus stock loom over LME aluminium price uptrend The London Metal Exchange aluminium price has climbed 6.5% so far this month, piggybacking on the uptrend in the rest of the complex, even though aluminium stocks at registered warehouses are at a three-year high. http://www.metalbulletin.com/Article/3936807/FOCUS-Weak-demand-surplus-stock-loom-over-LME-aluminium-price-uptrend.htmlThu, 11 Jun 2020 16:27:00 GMTDAILY STEEL SCRAP REPORT: Turkish mills take a break from deep-sea market, prices steadyTurkish steel mills took a break from deep-sea scrap purchasing on Thursday June 11, after booking significant volumes in recent weeks, sources told Fastmarkets. http://www.metalbulletin.com/Article/3936874/DAILY-STEEL-SCRAP-REPORT-Turkish-mills-take-a-break-from-deep-sea-market-prices-steady.htmlThu, 11 Jun 2020 16:23:00 GMTHOTTER ON METALS: Shining a light on green aluminium The London Metal Exchange recently reiterated its willingness to facilitate spot trading of low carbon aluminium. http://www.metalbulletin.com/Article/3936908/HOTTER-ON-METALS-Shining-a-light-on-green-aluminium.htmlThu, 11 Jun 2020 16:16:00 GMTLiberty Steel to install EAFs, DRI module to make Galati plant in Romania carbon neutral by 2030Liberty Steel plans to replace the basic oxygen furnace (BOF) at its Galati plant in Romania with two electric-arc furnaces (EAFs), with the aim of becoming carbon-neutral by 2030, the company announced this week. http://www.metalbulletin.com/Article/3936788/Liberty-Steel-to-install-EAFs-DRI-module-to-make-Galati-plant-in-Romania-carbon-neutral-by-2030.htmlThu, 11 Jun 2020 16:09:00 GMTChambishi's earlier-than-planned copper smelter maintenance likely to exacerbate blister shortageZambian blister copper producer Chambishi (CCS) has brought forward its 43-day maintanence plan after being hit by a furnace outage since early June, Fastmarkets understands. http://www.metalbulletin.com/Article/3936803/Chambishis-earlier-than-planned-copper-smelter-maintenance-likely-to-exacerbate-blister-shortage.htmlThu, 11 Jun 2020 14:07:00 GMTIRON ORE DAILY: Seaborne prices steady while market awaits China's weekly port inventory dataSeaborne iron ore prices were largely unchanged on Thursday June 11, while market participants waited for fresh data on port inventories in China http://www.metalbulletin.com/Article/3936792/IRON-ORE-DAILY-Seaborne-prices-steady-while-market-awaits-Chinas-weekly-port-inventory-data.htmlThu, 11 Jun 2020 13:48:00 GMTCOKING COAL DAILY: Seaborne premium prices edge up amid concerns over China's import quotasSeaborne premium coking coal prices edged up on Thursday June 11, possibly supported by concerns over tightening import quotas in China, sources told Fastmarkets on Thursday June 11. http://www.metalbulletin.com/Article/3936796/COKING-COAL-DAILY-Seaborne-premium-prices-edge-up-amid-concerns-over-Chinas-import-quotas.htmlThu, 11 Jun 2020 13:27:00 GMTCHINA HRC: South Korea exports elbow China out of Pakistan marketChina’s domestic hot-rolled coil prices remained unchanged on Thursday June 11 on moderate trading, while in the export market, lower-priced material from South Korea was attracting attention, particularly in Pakistan. http://www.metalbulletin.com/Article/3936783/CHINA-HRC-South-Korea-exports-elbow-China-out-of-Pakistan-market.htmlThu, 11 Jun 2020 12:05:00 GMTFOCUS: European EV optimism unlikely to shake China's cobalt, lithium pricesA slew of extensive stimulus measures to boost the adoption of electric vehicles (EVs) in Europe in the aftermath of the Covid-19 pandemic is unlikely to provide any immediate support to prices for cobalt and lithium in China, according to market participants. http://www.metalbulletin.com/Article/3936770/FOCUS-European-EV-optimism-unlikely-to-shake-Chinas-cobalt-lithium-prices.htmlThu, 11 Jun 2020 11:15:00 GMTFresh Q3 MJP deal done at $68/t, down 20% from first dealA deal for third-quarter aluminium ingot supply to Japan has been concluded at a premium of $68 per tonne cif main Japanese ports (MJP), sources told Fastmarkets on June 11 - a drop of 20% from a deal done last week.http://www.metalbulletin.com/Article/3936782/Fresh-Q3-MJP-deal-done-at-68t-down-20-from-first-deal.htmlThu, 11 Jun 2020 10:27:00 GMTChina’s non-ferrous scrap renaming policy likely postponed - sources China’s schedule to rename copper and aluminium scrap metal as renewable materials in July is not likely to be met, Fastmarkets has learned.http://www.metalbulletin.com/Article/3936731/Chinas-non-ferrous-scrap-renaming-policy-likely-postponed-sources.htmlThu, 11 Jun 2020 10:13:00 GMTMORNING VIEW: Metal prices have turned lower after recent strength, broader markets weaker tooRisk assets were weaker this morning, Thursday June 11, with the base metals prices on the London Metal Exchange down across the board, as were Asian-Pacific equities and pre-market major western equity index futures. http://www.metalbulletin.com/Article/3936775/MORNING-VIEW-Metal-prices-have-turned-lower-after-recent-strength-broader-markets-weaker-too.htmlThu, 11 Jun 2020 08:48:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 10Here are five Fastmarkets stories you might have missed on Wednesday June 10 that are worth another look.http://www.metalbulletin.com/Article/3936765/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-10.htmlThu, 11 Jun 2020 00:05:00 GMTPRICING NOTICE: Correction to Fastmarkets’ manganese 99.7% electrolytic manganese flake, in-whs Rotterdam priceFastmarkets has corrected its manganese 99.7% electrolytic manganese flake, in-whs Rotterdam price, which was published incorrectly on Wednesday June 10 due to an error.http://www.metalbulletin.com/Article/3936759/PRICING-NOTICE-Correction-to-Fastmarkets-manganese-997-electrolytic-manganese-flake-in-whs-Rotterdam.htmlWed, 10 Jun 2020 23:27:00 GMTHOTTER ON METALS: Section 232 and the Canadian aluminium 'surge'Just over a year ago, US Section 232 tariffs against imports of aluminium from Canada were removed. Now there are calls to reintroduce them.http://www.metalbulletin.com/Article/3936744/HOTTER-ON-METALS-Section-232-and-the-Canadian-aluminium-surge.htmlWed, 10 Jun 2020 22:33:00 GMTFREE WEB SEMINAR: Opportunities in minor metals post Covid-19Join members of Fastmarkets’ editorial team as they discuss post Covid-19 opportunities in minor metals with industry experts. http://www.metalbulletin.com/Article/3936746/FREE-WEB-SEMINAR-Opportunities-in-minor-metals-post-Covid-19.htmlWed, 10 Jun 2020 20:45:00 GMTLatest US sanctions against Iran unlikely to affect steel shipping costs - sourcesUS sanctions against Islamic Republic of Iran Shipping Lines (IRISL) and its Shanghai-based subsidiary, E-Sail Shipping Co, are unlikely to have an impact on steel freight costs, sources told Fastmarkets on Wednesday June 10. http://www.metalbulletin.com/Article/3936741/Latest-US-sanctions-against-Iran-unlikely-to-affect-steel-shipping-costs-sources.htmlWed, 10 Jun 2020 20:24:00 GMTLIVE FUTURES REPORT 10/06: LME copper price clears $5,900/t in 2.1% spike; tin notches six-month highThe LME three-month copper price was the standout performer at the close of trading on Wednesday June 10, achieving its highest closing price since January 23, while tin futures similarly recorded a six-month high. http://www.metalbulletin.com/Article/3936740/LIVE-FUTURES-REPORT-1006-LME-copper-price-clears-5900t-in-21-spike-tin-notches-six-month-high.htmlWed, 10 Jun 2020 18:43:00 GMTEUROPE HRC: European producers struggle with weak demand, high raw materials costsEuropean hot-rolled coil producers have been under severe pressure from subdued demand and high raw materials costs, sources told Fastmarkets on Wednesday June 10.http://www.metalbulletin.com/Article/3936721/EUROPE-HRC-European-producers-struggle-with-weak-demand-high-raw-materials-costs.htmlWed, 10 Jun 2020 18:17:00 GMTBASE METALS WARRANT REPORT 10/06A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 10.http://www.metalbulletin.com/Article/3936686/BASE-METALS-WARRANT-REPORT-1006.htmlWed, 10 Jun 2020 17:20:00 GMTTata Steel Netherlands workers stage walkout; company says production unaffected Workers of Tata Steel Netherlands started industrial action after their ultimatum expired and the company’s management failed to reach consensus with their workers’ representatives, trade union FNV Metaal said on Wednesday June 10. http://www.metalbulletin.com/Article/3936619/Tata-Steel-Netherlands-workers-stage-walkout-company-says-production-unaffected.htmlWed, 10 Jun 2020 16:19:00 GMTChile's copper output up 2.6% in April despite Covid-19 restrictions - CochilcoChilean copper output rose by 2.6% year on year in April, with the country's three top producers all reporting growth despite restrictions put in place to curb the spread of the Covid-19 outbreak. http://www.metalbulletin.com/Article/3936618/Chiles-copper-output-up-26-in-April-despite-Covid-19-restrictions-Cochilco.htmlWed, 10 Jun 2020 14:44:00 GMTGLOBAL ZINC & LEAD WRAP: Big zinc delivery into LME prompts demand questions; US optimistic on auto restarts There were significant tonnages of zinc delivered into London Metal Exchange European warehouses in the week to Tuesday June 9 amid sluggish regional spot demand, while US metal suppliers are hopeful restarts at automakers will mean more zinc and lead consumption. http://www.metalbulletin.com/Article/3936591/GLOBAL-ZINC-and-LEAD-WRAP-Big-zinc-delivery-into-LME-prompts-demand-questions-US-optimistic-on-auto.htmlWed, 10 Jun 2020 14:30:00 GMTCOKING COAL DAILY: Seaborne premium prices edge downSeaborne premium hard coking coal prices edged down on Wednesday June 10 with transactions sealed at lower levels. http://www.metalbulletin.com/Article/3936606/COKING-COAL-DAILY-Seaborne-premium-prices-edge-down.htmlWed, 10 Jun 2020 14:02:00 GMTEunirpa lambasts Eurofer's campaign to limit importsEuropean wire rod processors strongly oppose Eurofer's campaign to toughen safeguard measures, claiming it is aimed at virtually sealing off the steel market in Europe, the Non-Integrated Wire Rod Processors Association (Eunirpa) said.http://www.metalbulletin.com/Article/3936604/Eunirpa-lambasts-Eurofers-campaign-to-limit-imports.htmlWed, 10 Jun 2020 12:46:00 GMTQueues rise at LME-listed Istim warehouses in MalaysiaThe waiting time for aluminium at Istim’s warehouse in Port Klang in Malaysia rose to 42 days at the end of May, according to the latest London Metal Exchange queue report, up from 26 days at the end of April. http://www.metalbulletin.com/Article/3936610/Queues-rise-at-LME-listed-Istim-warehouses-in-Malaysia.htmlWed, 10 Jun 2020 12:02:00 GMTGLOBAL COPPER WRAP: Europe, US premiums stable at low levels; Shanghai numbers declinePremiums for copper cathodes in China continued to decline in the week to Tuesday June 9, while the European and United States markets remain quiet with a lack of consumer interest in acquiring spot cathodes evident.http://www.metalbulletin.com/Article/3936589/GLOBAL-COPPER-WRAP-Europe-US-premiums-stable-at-low-levels-Shanghai-numbers-decline.htmlWed, 10 Jun 2020 11:56:00 GMTJAPAN STEEL SCRAP: Soaring export prices become too high for buyersJapanese steel scrap prices have jumped again over the past week amid tightening supply but buyers are unwilling to accept the fresh price increases, market sources told Fastmarkets on Wednesday June 10.http://www.metalbulletin.com/Article/3936602/JAPAN-STEEL-SCRAP-Soaring-export-prices-become-too-high-for-buyers.htmlWed, 10 Jun 2020 11:14:00 GMTCOMMENT: Boom time for Australian iron ore miners amid Brazilian shortfallAn expected shortfall in Brazilian supply of high-grade iron ore will likely result in 2020 becoming a boom year for Australian miners.http://www.metalbulletin.com/Article/3936401/COMMENT-Boom-time-for-Australian-iron-ore-miners-amid-Brazilian-shortfall.htmlWed, 10 Jun 2020 11:00:00 GMTMORNING VIEW: Metals remain upbeat, as do equities, while in reality the world is sufferingOn average, base metals prices on the London Metal Exchange and Shanghai Futures Exchange were up by 0.2% and 0.4% respectively at 7.07am London time on Wednesday June 10. http://www.metalbulletin.com/Article/3936581/MORNING-VIEW-Metals-remain-upbeat-as-do-equities-while-in-reality-the-world-is-suffering.htmlWed, 10 Jun 2020 09:35:00 GMTChinese plate exporters seek out alternative supply amid high domestic offersHigh offers for steel plate issued by mills in China have led exporters in the country to seek out cargoes from other countries such as India and South Korea to sell elsewhere.http://www.metalbulletin.com/Article/3936573/Chinese-plate-exporters-seek-out-alternative-supply-amid-high-domestic-offers.htmlWed, 10 Jun 2020 07:00:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 9Here are five Fastmarkets stories you might have missed on Tuesday June 9 that are worth another look.http://www.metalbulletin.com/Article/3936558/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-9.htmlWed, 10 Jun 2020 00:05:00 GMTCobalt prices close to 10-month lows; some sellers holding backCobalt prices held close to levels last seen in August 2019 on Tuesday June 9, with buyers largely resisting spot market purchases.http://www.metalbulletin.com/Article/3936552/Cobalt-prices-close-to-10-month-lows-some-sellers-holding-back.htmlTue, 09 Jun 2020 23:10:00 GMTGLOBAL ALUMINIUM WRAP: MJP moves down; other regional premiums stableThe main Japanese ports (MJP) premium edged down during the week to Tuesday June 9 on lower offers, while premiums in the rest of Asia, Europe and the United States maintained their levels on steady fundamentals.http://www.metalbulletin.com/Article/3936536/GLOBAL-ALUMINIUM-WRAP-MJP-moves-down-other-regional-premiums-stable.htmlTue, 09 Jun 2020 22:08:00 GMTRESEARCH: Key takeaways from the latest Steel Market TrackerThe latest forecasts from Fastmarkets’ team of analysts are ready to view.http://www.metalbulletin.com/Article/3936533/RESEARCH-Key-takeaways-from-the-latest-Steel-Market-Tracker.htmlTue, 09 Jun 2020 19:58:00 GMTWEEKLY BASE METAL PREMIUMS REPORT: 09/06A summary of base metals premiums from across the globe for the week to Tuesday June 9.http://www.metalbulletin.com/Article/3936544/WEEKLY-BASE-METAL-PREMIUMS-REPORT-0906.htmlTue, 09 Jun 2020 19:28:00 GMTEUROPE HRC: Buyers believe domestic prices close to 'bottom'Domestic prices for hot-rolled coil in Europe were largely stable day on day on Tuesday June 9 even as demand remained slow, sources told Fastmarkets.http://www.metalbulletin.com/Article/3936530/EUROPE-HRC-Buyers-believe-domestic-prices-close-to-bottom.htmlTue, 09 Jun 2020 19:14:00 GMTLIVE FUTURES REPORT 09/06: LME copper price clears $5,700/t in 0.8% uptick; nickel slips 1.2% at closeThe LME three-month copper price was higher at the close on Tuesday June 9, breaching nearby resistance at $5,700 per tonne against strong turnover, while selling pressure saw nickel futures fail to finish above $13,000 per tonne. http://www.metalbulletin.com/Article/3936534/LIVE-FUTURES-REPORT-0906-LME-copper-price-clears-5700t-in-08-uptick-nickel-slips-12-at-close.htmlTue, 09 Jun 2020 18:40:00 GMTDAILY STEEL SCRAP REPORT: Mills book more scrap for July, prices rise againTurkish deep-sea scrap import prices continued to rise on Tuesday June 9, with mills continuing to book more cargoes for July, sources told Fastmarkets. http://www.metalbulletin.com/Article/3936441/DAILY-STEEL-SCRAP-REPORT-Mills-book-more-scrap-for-July-prices-rise-again.htmlTue, 09 Jun 2020 16:12:00 GMTIRON ORE DAILY: Seaborne prices cool off after hot start to week Seaborne iron ore prices eased on Tuesday June 9 amid announcements from the Dalian Commodity Exchange of efforts to stamp out market rumors and strengthen regulation. http://www.metalbulletin.com/Article/3936403/IRON-ORE-DAILY-Seaborne-prices-cool-off-after-hot-start-to-week.htmlTue, 09 Jun 2020 12:34:00 GMTOUTLOOK: Future of long steel market uncertain on Covid-19, trade wars - IrepasThe future of the global long steel market remains uncertain because of both the impact of the covid-19 pandemic and rising protectionism, with no recovery expected in the third quarter of this year, the International Rebar Producers & Exporters Association (Irepas) said last week.http://www.metalbulletin.com/Article/3936392/OUTLOOK-Future-of-long-steel-market-uncertain-on-Covid-19-trade-wars-Irepas.htmlTue, 09 Jun 2020 12:10:00 GMTCHINA HRC: Importers retreat after Indian mills tweak cargo specsChina’s domestic hot-rolled coil prices weakened amid fluctuating futures on Tuesday June 9, while importers asked to pay lower after Indian mills tweaked the specifications of their cargoes offered to the country.http://www.metalbulletin.com/Article/3936400/CHINA-HRC-Importers-retreat-after-Indian-mills-tweak-cargo-specs.htmlTue, 09 Jun 2020 11:25:00 GMTChina’s V2O5 export prices surge by over 8% on tightening supplyChina’s export prices for vanadium pentoxide (V2O5) climbed by 8.4% last week against the backdrop of significant gains in the domestic market due to tightening supply. http://www.metalbulletin.com/Article/3936390/Chinas-V2O5-export-prices-surge-by-over-8-on-tightening-supply.htmlTue, 09 Jun 2020 10:14:00 GMTEurope's largest coking coal producer suspends production at two minesPolish coal miner Jastrzebska Spólka Weglowa (JSW), the largest coking coal producer in Europe, has suspended production at two of its mines following the steep increase in new Covid-19 cases among its workers, the company said on Monday June 8.http://www.metalbulletin.com/Article/3936391/Europes-largest-coking-coal-producer-suspends-production-at-two-mines.htmlTue, 09 Jun 2020 09:30:00 GMTMORNING VIEW: Buoyant tone across markets fueling rallies in most of the base metalsDespite a mixed picture this morning, Tuesday June 9, generally strong uptrends are underway in most of the base metals. The exception is the infrastructure heavy-weight zinc, although the galvanizing metal is also widely used in the auto industry, which may be why it is lagging behind. http://www.metalbulletin.com/Article/3936386/MORNING-VIEW-Buoyant-tone-across-markets-fueling-rallies-in-most-of-the-base-metals.htmlTue, 09 Jun 2020 08:00:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 8Here are five Fastmarkets stories you might have missed on Monday June 8 that are worth another look.http://www.metalbulletin.com/Article/3936380/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-8.htmlTue, 09 Jun 2020 00:05:00 GMTChina leading way with V-shaped recovery, Alcoa CFO saysChina is leading the world in a V-shaped recovery from the aftermath of the Covid-19 pandemic, with other countries slower to recover but showing signs of green shoots, according to the chief financial officer of Alcoa. http://www.metalbulletin.com/Article/3936375/China-leading-way-with-V-shaped-recovery-Alcoa-CFO-says.htmlMon, 08 Jun 2020 22:59:00 GMTEUROPE HRC WRAP: Slow demand continues to drag domestic prices downDomestic prices for hot-rolled coil in Europe continued to slide during the week to Friday June 5 amid low demand.http://www.metalbulletin.com/Article/3936361/EUROPE-HRC-WRAP-Slow-demand-continues-to-drag-domestic-prices-down.htmlMon, 08 Jun 2020 20:35:00 GMTReviewed safeguard measures put European steel industry at risk, Eurofer saysReviewed safeguard measures proposed by the European Commission (EC) disregard the sharp drop in European steel demand due to the Covid-19 pandemic, putting the industry at further risk, the chief executive officers of the EU steel industry and European steel association Eurofer said in a joint statement on Monday June 8.http://www.metalbulletin.com/Article/3936363/Reviewed-safeguard-measures-put-European-steel-industry-at-risk-Eurofer-says.htmlMon, 08 Jun 2020 19:26:00 GMTLIVE FUTURES REPORT 08/06: LME tin price gains 1.7%; Al breaches $1,600/tThe three-month tin price on the London Metal Exchange was the standout performer at the close of trading on Monday June 8, keeping well supported throughout the afternoon amid falling exchange stocks, while aluminium futures breached $1,600 per tonne at the close for the first time since March 19.http://www.metalbulletin.com/Article/3936364/LIVE-FUTURES-REPORT-0806-LME-tin-price-gains-17-Al-breaches-1600t.htmlMon, 08 Jun 2020 18:39:00 GMTArcelorMittal Italia workers to strike on June 9 Workers at Italian flat steel producer ArcelorMittal Italia will go on strike on Tuesday June 9 to protest job cuts, presented as part of new industrial plan, Italian trade unions Fim, Fiom and Uilm said on June 6. http://www.metalbulletin.com/Article/3936322/ArcelorMittal-Italia-workers-to-strike-on-June-9.htmlMon, 08 Jun 2020 17:27:00 GMTUnion pushes authorities for First Quantum Cobre Panamá reopeningThe main workers’ union representing employees of Cobre Panamá, Utramipa, is pressuring Panamanian authorities to reopen the largest copper mine in Central America as soon as possible due to the suspension of labor contracts in late April, Fastmarkets heard.http://www.metalbulletin.com/Article/3936321/Union-pushes-authorities-for-First-Quantum-Cobre-Panam-reopening.htmlMon, 08 Jun 2020 17:16:00 GMTEU CARMAKER CLOSURES 08/06: Further UK restarts tempered by sector job cutsHonda and Nissan will restart operations at their respective UK facilities today following pandemic related shutdowns, the companies said on Monday June 8. http://www.metalbulletin.com/Article/3936294/EU-CARMAKER-CLOSURES-0806-Further-UK-restarts-tempered-by-sector-job-cuts.htmlMon, 08 Jun 2020 16:50:00 GMTPRICING NOTICE: Delayed publication of weekly CIS export steel prices due to public holidayFastmarkets’ weekly price assessments for the CIS export steel market will not be published on June 8 because of a public holiday in Ukraine. Instead, the prices will be published on June 9. http://www.metalbulletin.com/Article/3936319/PRICING-NOTICE-Delayed-publication-of-weekly-CIS-export-steel-prices-due-to-public-holiday.htmlMon, 08 Jun 2020 16:43:00 GMTDAILY STEEL SCRAP: Prices rise again after new transactionsThe imported deep-sea scrap prices in Turkey have continued to move up with more deals heard in the market, sources said on Monday June 8. http://www.metalbulletin.com/Article/3936318/DAILY-STEEL-SCRAP-Prices-rise-again-after-new-transactions.htmlMon, 08 Jun 2020 16:26:00 GMTKCM says sale is best solution for Zambia copper producerKonkola Copper Mines (KCM) said the debt it owes to the Copperbelt Energy Corporation (CEC) is a result of a lack of investment from its parent company, Vedanta Resources, and that the best solution is for it to be sold to another investor. http://www.metalbulletin.com/Article/3936262/KCM-says-sale-is-best-solution-for-Zambia-copper-producer.htmlMon, 08 Jun 2020 14:20:00 GMTChina portside manganese ore prices slide amid cautious buying, weak sentimentPortside manganese ore prices in China continued to slide in the week to Friday June 5 in response to some traders lowering their offer prices amid cautious buying from domestic alloy smelters and weak market sentiment.http://www.metalbulletin.com/Article/3936252/China-portside-manganese-ore-prices-slide-amid-cautious-buying-weak-sentiment.htmlMon, 08 Jun 2020 14:06:00 GMTMANGANESE ORE ANALYTICS: June 8, 2020The latest data for the global manganese ore market for the week ended June 8, 2020.http://www.metalbulletin.com/Article/3936251/MANGANESE-ORE-ANALYTICS-June-8-2020.htmlMon, 08 Jun 2020 13:25:00 GMTCOKING COAL DAILY: Seaborne premium prices drop despite active marketDespite active trading, seaborne premium hard coking coal prices dropped on Monday June 8 because of concerns over import restrictions in China and weak ex-China demand. http://www.metalbulletin.com/Article/3936248/COKING-COAL-DAILY-Seaborne-premium-prices-drop-despite-active-market.htmlMon, 08 Jun 2020 13:15:00 GMTNew health measures in Singapore construction sector weigh on rebar import demand New measures introduced in Singapore’s construction industry to contain the spread of Covid-19 will likely dampen the country’s rebar import market for much of the rest of the year, market sources told Fastmarkets. http://www.metalbulletin.com/Article/3936216/New-health-measures-in-Singapore-construction-sector-weigh-on-rebar-import-demand.htmlMon, 08 Jun 2020 13:14:00 GMTIRON ORE DAILY: Iron ore prices surge amid suspension of Vale’s Itabira complexIron ore prices surged on Monday June 8 following Vale's suspension of its Itabira complex, despite its iron ore fines guidance being unchanged, sources said.http://www.metalbulletin.com/Article/3936249/IRON-ORE-DAILY-Iron-ore-prices-surge-amid-suspension-of-Vales-Itabira-complex.htmlMon, 08 Jun 2020 12:12:00 GMTBearish sentiment clouds China’s silicon export marketBearish sentiment strengthened in China’s silicon export market after plants in southern China gradually restarted operations amid a weak overseas demand, sources said.http://www.metalbulletin.com/Article/3936240/Bearish-sentiment-clouds-Chinas-silicon-export-market.htmlMon, 08 Jun 2020 11:42:00 GMTCHINA HRC: Prices rise on concerns over Vale suspension China’s hot-rolled coil prices rallied on Monday June 8 after declining in the latter half of last week, amid concerns over iron ore supply as a result of Brazilian miner Vale being told to suspend part of its operations. http://www.metalbulletin.com/Article/3936239/CHINA-HRC-Prices-rise-on-concerns-over-Vale-suspension.htmlMon, 08 Jun 2020 11:30:00 GMTJapanese steel scrap exports hit seven-year high in AprilExports of ferrous scrap from Japan jumped by 46.3% year on year in April amid strong demand from Vietnam and Taiwan, according to statistics from the East Asian nation’s finance ministry. http://www.metalbulletin.com/Article/3936220/Japanese-steel-scrap-exports-hit-seven-year-high-in-April.htmlMon, 08 Jun 2020 11:10:00 GMTTop steelmakers 2020 edition: China's Baowu tops rankingInternational trade protection measures continued to loom large over global steel markets over the past year – to which the impacts of the Covid-19 pandemic have created further challenges. http://www.metalbulletin.com/Article/3936154/Top-steelmakers-2020-edition-Chinas-Baowu-tops-ranking.htmlMon, 08 Jun 2020 10:43:00 GMTCHINA REBAR: Prices rise amid concerns over Vale’s iron ore supplyChina’s rebar prices moved up in both the domestic and export markets on Monday June 8 amid rising concerns over iron ore supply from Brazil’s Vale. http://www.metalbulletin.com/Article/3936227/CHINA-REBAR-Prices-rise-amid-concerns-over-Vales-iron-ore-supply.htmlMon, 08 Jun 2020 10:40:00 GMTLIVE FUTURES REPORT 08/06: Fresh cancellation allows LME tin price to climb 1.4%; lead under pressureThe three-month tin price on the London Metal Exchange was higher during morning trading on Monday June 8, with price action bolstered by a fresh cancellation of 220 tonnes, while continued volatility in the LME lead price saw selling pressure emerge over the morning. http://www.metalbulletin.com/Article/3936236/LIVE-FUTURES-REPORT-0806-Fresh-cancellation-allows-LME-tin-price-to-climb-14-lead-under-pressure.htmlMon, 08 Jun 2020 10:38:00 GMTINTERVIEW: ‘I believe AK Steel is a diamond in the rough’ - Lourenco GoncalvesBattle tested, hard-nosed, and, at times, known to be very blunt, the top executive of the largest and oldest independent iron ore mining company in the US has been called many things in an almost 40-year career spent from one end of the steel supply chain to the other. Fearful is not one of them.http://www.metalbulletin.com/Article/3936150/INTERVIEW-I-believe-AK-Steel-is-a-diamond-in-the-rough-Lourenco-Goncalves.htmlMon, 08 Jun 2020 10:31:00 GMTASIA HRC: Demand increases on stable re-rolling margins, high iron ore pricesVietnam’s hot-rolled coil market strengthened over the past week amid stable margins of re-rollers and high iron ore prices, sources told Fastmarkets.http://www.metalbulletin.com/Article/3936214/ASIA-HRC-Demand-increases-on-stable-re-rolling-margins-high-iron-ore-prices.htmlMon, 08 Jun 2020 10:12:00 GMTHigher prices limit seaborne iron ore concentrates, pellet transactionsSeaborne iron ore concentrates and pellet transactions were limited in the week to Friday June 5 after prices surged in the wake of higher iron ore fines values.http://www.metalbulletin.com/Article/3936221/Higher-prices-limit-seaborne-iron-ore-concentrates-pellet-transactions.htmlMon, 08 Jun 2020 10:10:00 GMTMORNING VIEW: Base metals prices consolidate after Friday’s gains Base metals prices were mixed this morning, Monday June 8, after a positive performance on Friday following the surprisingly strong employment report in the United States.http://www.metalbulletin.com/Article/3936223/MORNING-VIEW-Base-metals-prices-consolidate-after-Fridays-gains.htmlMon, 08 Jun 2020 09:27:00 GMTChina’s finished steel exports plunge in May, but imports up China's finished steel exports tumbled in May while imports increased amid high prices in the country's domestic market, customs data released on Monday June 8 showed. http://www.metalbulletin.com/Article/3936215/Chinas-finished-steel-exports-plunge-in-May-but-imports-up.htmlMon, 08 Jun 2020 05:50:00 GMTVale maintains guidance for iron ore fines despite Itabira suspensionVale is maintaining its iron ore fines production guidance for 2020 despite suspending operations at its Itabira mining complex from Friday June 5 to support the fight against Covid-19, it said over the weekend.http://www.metalbulletin.com/Article/3936213/Vale-maintains-guidance-for-iron-ore-fines-despite-Itabira-suspension.htmlMon, 08 Jun 2020 05:21:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 5Here are five Fastmarkets stories you might have missed on Friday June 5 that are worth another look.http://www.metalbulletin.com/Article/3936212/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-5.htmlMon, 08 Jun 2020 00:05:00 GMTALUMINIUM BILLET WRAP: Premiums mostly flat; markets quietGlobal aluminium billet premiums were unchanged but for a drop in Thailand, with spot demand battered due to the Covid-19 pandemic.http://www.metalbulletin.com/Article/3936175/ALUMINIUM-BILLET-WRAP-Premiums-mostly-flat-markets-quiet.htmlFri, 05 Jun 2020 23:04:00 GMTCovid-19 shows need for regional critical minerals supply chain, First Cobalt CEO saysThe Covid-19 pandemic has highlighted the importance of regional supply chain security for critical materials like cobalt, the president and chief executive officer of First Cobalt said. http://www.metalbulletin.com/Article/3936172/Covid-19-shows-need-for-regional-critical-minerals-supply-chain-First-Cobalt-CEO-says.htmlFri, 05 Jun 2020 19:34:00 GMTBattery usage set to soar in Europe as region shifts to cleaner electricityThe uptake of batteries for energy storage is expected to soar between 2020 and 2030 in Europe, supporting the growth of flexible electricity assets while new renewable capacity ramps up in its key economies. http://www.metalbulletin.com/Article/3936194/Battery-usage-set-to-soar-in-Europe-as-region-shifts-to-cleaner-electricity.htmlFri, 05 Jun 2020 19:30:00 GMTGLOBAL FERRO-SILICON SNAPSHOT: US market weighed down by EU prices, weak demandKey data from the pricing sessions in Asia, Europe and the United States for the week ended Friday June 5. http://www.metalbulletin.com/Article/3936173/GLOBAL-FERRO-SILICON-SNAPSHOT-US-market-weighed-down-by-EU-prices-weak-demand.htmlFri, 05 Jun 2020 18:45:00 GMTStrong Chinese demand supports global price growth in pig ironChina continued to show strong demand for pig iron in the week ended Friday June 5, supporting a global uptrend in prices for the raw material. http://www.metalbulletin.com/Article/3936176/Strong-Chinese-demand-supports-global-price-growth-in-pig-iron.htmlFri, 05 Jun 2020 18:25:00 GMTGLOBAL CHROME SNAPSHOT: Japan, South Korean markets bolstered by higher Indian offering prices Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday June 5. http://www.metalbulletin.com/Article/3936168/GLOBAL-CHROME-SNAPSHOT-Japan-South-Korean-markets-bolstered-by-higher-Indian-offering-prices.htmlFri, 05 Jun 2020 18:21:00 GMTBrazilian pig iron exporters achieve higher prices in deals to China Pig iron exporters in Brazil achieved higher prices in the week to Friday June 5 in deals to China, market sources said. http://www.metalbulletin.com/Article/3936165/Brazilian-pig-iron-exporters-achieve-higher-prices-in-deals-to-China.htmlFri, 05 Jun 2020 18:12:00 GMTLIVE FUTURES REPORT 05/06: LME copper finishes strongly to close near $5,700The three-month copper price on the London Metal Exchange rose by 2.3% day-on-day to close at $5,690 per tonne on Friday June 5, after a strong day of trading with a turnover of more than 23,300 lots. http://www.metalbulletin.com/Article/3936177/LIVE-FUTURES-REPORT-0506-LME-copper-finishes-strongly-to-close-near-5700.htmlFri, 05 Jun 2020 17:52:00 GMTUK SCRAP: Lack of material continues to push up light iron scrap price The inter-merchant spot price for light iron scrap in the United Kingdom moved up for the second consecutive week on Friday June 5, driving by ongoing tight material availability. http://www.metalbulletin.com/Article/3936157/UK-SCRAP-Lack-of-material-continues-to-push-up-light-iron-scrap-price.htmlFri, 05 Jun 2020 17:45:00 GMTEUROPE ALLOY STEEL SURCHARGE: Higher surcharges have no effect on transaction pricesEuropean monthly stainless steel alloy surcharges have increased significantly for June but there has been no corresponding increase in transaction prices following their fall at the end of May, Fastmarkets heard on Friday June 5. http://www.metalbulletin.com/Article/3936167/EUROPE-ALLOY-STEEL-SURCHARGE-Higher-surcharges-have-no-effect-on-transaction-prices.htmlFri, 05 Jun 2020 17:37:00 GMTTURKEY COATED FLAT STEEL: Prices increase; some producers close order booksTurkish prices for hot-dipped galvanized coil (HDG) and color-coated coil increased in the week to Friday June 5 and some producers have stopped accepting new orders because of increasing production costs, sources told Fastmarkets.http://www.metalbulletin.com/Article/3936057/TURKEY-COATED-FLAT-STEEL-Prices-increase-some-producers-close-order-books.htmlFri, 05 Jun 2020 17:36:00 GMTINDIA SCRAP: Prices continue to move upThe price of containerized ferrous scrap imports into India maintained its upward momentum in the week to Friday June 5, as activity returned to the market, sources told Fastmarkets.http://www.metalbulletin.com/Article/3936148/INDIA-SCRAP-Prices-continue-to-move-up.htmlFri, 05 Jun 2020 17:33:00 GMTLatin America auto output recovers in May from April; still down 84-94% y-o-yVehicle production increased in Latin America during May, when compared with the all-time lows reported in April, but continued to represent a sharp year-on-year decrease while most plants remained closed or are just starting to reopen following Covid-related halts.http://www.metalbulletin.com/Article/3936162/Latin-America-auto-output-recovers-in-May-from-April-still-down-84-94-y-o-y.htmlFri, 05 Jun 2020 17:10:00 GMTWEEKLY SCRAP WRAP: Global spot demand rises on increasing pricesTurkish steel producers continued to purchase deep-sea cargoes on an easing of the restrictions under Covid-19 measures in the working week ended Friday June 5. Demand in the key import markets of Taiwan and Vietnam remained stable amid limited supplies from the United States and Japan while the Indian market continued its recovery. http://www.metalbulletin.com/Article/3935868/WEEKLY-SCRAP-WRAP-Global-spot-demand-rises-on-increasing-prices.htmlFri, 05 Jun 2020 17:10:00 GMTBATTERY RAW MATERIALS MARKET REPORT 05/06: Graphite sellers continue to cut offers to attract buyersAn overview of the battery raw materials markets and their latest price moves. http://www.metalbulletin.com/Article/3936156/BATTERY-RAW-MATERIALS-MARKET-REPORT-0506-Graphite-sellers-continue-to-cut-offers-to-attract-buyers.htmlFri, 05 Jun 2020 16:58:00 GMTNOBLE ALLOYS MARKET REPORT 05/06: Molybdenum prices continue downward move on active Asia buying An overview of the noble alloys markets and the reasons for any price moves.http://www.metalbulletin.com/Article/3936149/NOBLE-ALLOYS-MARKET-REPORT-0506-Molybdenum-prices-continue-downward-move-on-active-Asia-buying.htmlFri, 05 Jun 2020 16:39:00 GMTDAILY SCRAP REPORT: Turkish bookings total at least 150,000 tonnes in one weekTurkish steel mills skipped booking deep-sea scrap on the last working day of the week, leaving the prices stable, sources said on Friday June 5.http://www.metalbulletin.com/Article/3936085/DAILY-SCRAP-REPORT-Turkish-bookings-total-at-least-150000-tonnes-in-one-week.htmlFri, 05 Jun 2020 16:36:00 GMTEUROPE HRC: Domestic prices inch down further in northDomestic prices for hot-rolled coil in Europe declined slightly day on day on Friday June 5 due to low demand, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3936161/EUROPE-HRC-Domestic-prices-inch-down-further-in-north.htmlFri, 05 Jun 2020 15:42:00 GMTGLOBAL LITHIUM WRAP: China domestic prices hit fresh 2020 lows; Europe, US markets declineThe Chinese domestic spot lithium prices resumed their downtrend on Thursday June 4 to reach new annual lows, while Europe and United States compound prices were pulled down by cheaper spot material.http://www.metalbulletin.com/Article/3935949/GLOBAL-LITHIUM-WRAP-China-domestic-prices-hit-fresh-2020-lows-Europe-US-markets-decline.htmlFri, 05 Jun 2020 14:32:00 GMTCOKING COAL DAILY: Seaborne premium indices rise on concluded dealsSeaborne premium hard coking coal prices rose by more than $2 per tonne on Friday June 5 due to recent active trading. http://www.metalbulletin.com/Article/3935888/COKING-COAL-DAILY-Seaborne-premium-indices-rise-on-concluded-deals.htmlFri, 05 Jun 2020 14:02:00 GMTEU flat steel distributor shipments down 50.8% in April 2020European distributors of flat steel products reported a 50.8% year-on-year drop in shipment volumes in April, Eurometal said on Thursday June 4.http://www.metalbulletin.com/Article/3935883/EU-flat-steel-distributor-shipments-down-508-in-April-2020.htmlFri, 05 Jun 2020 13:36:00 GMTCIS PIG IRON: Market up on new sales to US, ChinaThe market for pig iron exports from the Commonwealth of Independent States (CIS) rose again on new sales to the largest outlets – the United States and China - during the week ended Thursday June 4. http://www.metalbulletin.com/Article/3935886/CIS-PIG-IRON-Market-up-on-new-sales-to-US-China.htmlFri, 05 Jun 2020 12:15:00 GMTCHINA HRC: Turkish cargoes emerge in Chinese marketChina’s hot-rolled coil prices continued to weaken on Friday June 5 with market participants hesitating to buy after futures slumped a day earlier. Imports also slowed down after traders bought large amounts of Turkish HRC.http://www.metalbulletin.com/Article/3935875/CHINA-HRC-Turkish-cargoes-emerge-in-Chinese-market.htmlFri, 05 Jun 2020 12:06:00 GMTPRICING NOTICE: Proposal to amend Fastmarkets’ magnesium price assessmentsFastmarkets is proposing to amend the specifications of its magnesium fob China main ports price and magnesium exw China price to reflect the quality of the material produced in China.http://www.metalbulletin.com/Article/3935878/PRICING-NOTICE-Proposal-to-amend-Fastmarkets-magnesium-price-assessments.htmlFri, 05 Jun 2020 11:20:00 GMTCHINA REBAR: Adverse weather weighs on domestic prices China’s domestic rebar prices snapped over a week of increases on Friday June 5 due to heavy rain in the country’s southern region and high temperatures in the north sapping demand. http://www.metalbulletin.com/Article/3935871/CHINA-REBAR-Adverse-weather-weighs-on-domestic-prices.htmlFri, 05 Jun 2020 11:17:00 GMTVIETNAM SCRAP: Strong appetite for scrap imports boosts pricesStrong spot demand for ferrous scrap in Vietnam has continued to boost prices in the week to Friday June 5, with a flurry of purchases at higher prices.http://www.metalbulletin.com/Article/3935367/VIETNAM-SCRAP-Strong-appetite-for-scrap-imports-boosts-prices.htmlFri, 05 Jun 2020 11:11:00 GMTFOCUS: Transparency in iron ore pellet market picks up on greener steelChinese steelmakers’ changing appetites for high-quality iron-ore blast furnace pellets prompted further developments in the transparency and maturity of the pellet segment, Fastmarkets understands.http://www.metalbulletin.com/Article/3934978/FOCUS-Transparency-in-iron-ore-pellet-market-picks-up-on-greener-steel.htmlFri, 05 Jun 2020 10:45:00 GMTLIVE FUTURES REPORT 05/06: LME base metals prices rallied by ECB stimulus; copper clears $5,600/t Base metals prices on the London Metal Exchange were collectively higher during morning trading on Friday June 5, supported by stimulus measures announced by central banks, including copper which reached a three-month high due to an uptick in risk appetite across the commodities sector. http://www.metalbulletin.com/Article/3935873/LIVE-FUTURES-REPORT-0506-LME-base-metals-prices-rallied-by-ECB-stimulus-copper-clears-5600t.htmlFri, 05 Jun 2020 10:29:00 GMTChinese demand pushes up SE Asian billet pricesPrices in Southeast Asia’s steel billet market climbed over the past week due to robust demand from Chinese importers.http://www.metalbulletin.com/Article/3935866/Chinese-demand-pushes-up-SE-Asian-billet-prices.htmlFri, 05 Jun 2020 10:20:00 GMTFirst MJP Q3 deal concludes at $85; market remains bearish The first deal for aluminium cif main Japanese ports (MJP) for the third quarter has concluded at a premium of $85 per tonne, multiple market sources told Fastmarkets this week, but many expect cheaper deals to emerge. http://www.metalbulletin.com/Article/3935867/First-MJP-Q3-deal-concludes-at-85-market-remains-bearish.htmlFri, 05 Jun 2020 09:55:00 GMTFOCUS: Billet import prices in China hit $400 on BF restrictionsImport prices of steel billet in China have risen to the $400-per-tonne-cfr mark this week on steady demand amid a domestic market strengthened by restrictions imposed on blast furnaces in the country’s steelmaking hub of Tangshan.http://www.metalbulletin.com/Article/3935862/FOCUS-Billet-import-prices-in-China-hit-400-on-BF-restrictions.htmlFri, 05 Jun 2020 08:47:00 GMTMORNING VIEW: Markets buoyant on continued widespread stimulus, but US jobs report may prompt a reality checkThe metals were mixed this morning, Friday June 5, but Asian-Pacific equities were mainly stronger, as were pre-market major western equity index futures. http://www.metalbulletin.com/Article/3935863/MORNING-VIEW-Markets-buoyant-on-continued-widespread-stimulus-but-US-jobs-report-may-prompt-a-reality.htmlFri, 05 Jun 2020 08:13:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 4Here are five Fastmarkets stories you might have missed on Thursday June 4 that are worth another look.http://www.metalbulletin.com/Article/3935859/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-4.htmlFri, 05 Jun 2020 00:05:00 GMTCovid-19 breaking supply chains, encouraging reshoring, GSA saysThe recent tariffs and trade wars had already stretched global supply chains to breaking point, but the Covid-19 pandemic broke those chains, according to a report by Gold Street Advisors (GSA).http://www.metalbulletin.com/Article/3935814/Covid-19-breaking-supply-chains-encouraging-reshoring-GSA-says.htmlThu, 04 Jun 2020 17:30:00 GMTTata Steel Netherlands workers vote to strike Workers of Tata Steel Netherlands have voted in favor of industrial action to protest planned redundancies, trade union FNV Metaal said on Thursday June 4. http://www.metalbulletin.com/Article/3935819/Tata-Steel-Netherlands-workers-vote-to-strike.htmlThu, 04 Jun 2020 17:18:00 GMTEUROPE HRC: Northern European mills agree further discountsDomestic prices for hot-rolled coil in Europe decreased day on day on Thursday June 4 due to low demand, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3935832/EUROPE-HRC-Northern-European-mills-agree-further-discounts.htmlThu, 04 Jun 2020 17:15:00 GMTLIVE FUTURES REPORT 04/06: LME copper price clears $5,500 in steady recovery; lead's rise tops complexThe three-month copper price on the London Metal Exchange was higher at the close of trading on Thursday June 4, recovering from a morning slump to breach nearby resistance levels amid low turnover. http://www.metalbulletin.com/Article/3935830/LIVE-FUTURES-REPORT-0406-LME-copper-price-clears-5500-in-steady-recovery-leads-rise-tops-complex.htmlThu, 04 Jun 2020 17:02:00 GMTTURKEY STEEL BILLET: Prices increase on stronger demandTurkish steel billet prices increased over the past week due to strengthening demand and rising imported scrap values, sources said on Thursday June 4.http://www.metalbulletin.com/Article/3935783/TURKEY-STEEL-BILLET-Prices-increase-on-stronger-demand.htmlThu, 04 Jun 2020 16:34:00 GMTTURKEY LONG STEEL: Improving demand, costlier scrap push up pricesTurkish domestic long steel prices have increased slightly over the past week in line with rising imported scrap costs and improving demand, sources said on Thursday June 4.http://www.metalbulletin.com/Article/3935782/TURKEY-LONG-STEEL-Improving-demand-costlier-scrap-push-up-prices.htmlThu, 04 Jun 2020 16:20:00 GMTRESEARCH: Key takeaways from the latest Steel Raw Materials Market TrackerThe latest forecasts from Fastmarkets’ team of analysts are ready to view.The latest forecasts from Fastmarkets’ team of analysts are ready to view. http://www.metalbulletin.com/Article/3935742/RESEARCH-Key-takeaways-from-the-latest-Steel-Raw-Materials-Market-Tracker.htmlThu, 04 Jun 2020 16:15:00 GMTTURKEY LONG STEEL EXPORTS: Prices up on costlier scrapTurkish rebar and wire rod export prices increased over the past week in line with the rising imported scrap costs, sources said on Thursday June 6.http://www.metalbulletin.com/Article/3935781/TURKEY-LONG-STEEL-EXPORTS-Prices-up-on-costlier-scrap.htmlThu, 04 Jun 2020 16:08:00 GMTWeak end-user demand pushes Europe ferro-tungsten price down, widerWeak end-user demand continued to put downward pressure on European ferro-tungsten prices while the range also widened, sources said on Wednesday June 3.http://www.metalbulletin.com/Article/3935753/Weak-end-user-demand-pushes-Europe-ferro-tungsten-price-down-wider.htmlThu, 04 Jun 2020 15:45:00 GMTDAILY SCRAP REPORT: Prices up as Turkish mills continue July bookingsTurkish deep-sea scrap bookings have continued for July shipments at slightly stronger prices, sources said on Thursday June 4. http://www.metalbulletin.com/Article/3935784/DAILY-SCRAP-REPORT-Prices-up-as-Turkish-mills-continue-July-bookings.htmlThu, 04 Jun 2020 15:35:00 GMTEGYPT STEEL BILLET, REBAR: Domestic rebar market 'dead' but higher offers push up billet import pricesThe construction ban in Egypt killed off activity in the domestic rebar market in the week to Thursday June 4, but steel billet import prices increased because of higher offers from the CIS, sources told Fastmarkets.http://www.metalbulletin.com/Article/3935754/EGYPT-STEEL-BILLET-REBAR-Domestic-rebar-market-dead-but-higher-offers-push-up-billet-import-prices.htmlThu, 04 Jun 2020 14:46:00 GMTKatanga now wholly-owned by Glencore in deal to take company private Katanga Mining has been taken private by Glencore International AG after shareholders voted overwhelming in favor of a definitive agreement to amalgamate the company with 836074 Yukon Inc, a wholly-owned Katanga subsidiary. http://www.metalbulletin.com/Article/3935755/Katanga-now-wholly-owned-by-Glencore-in-deal-to-take-company-private.htmlThu, 04 Jun 2020 14:21:00 GMTIRON ORE DAILY: Seaborne prices fall amid drop in futures marketSeaborne iron ore prices slipped on Thursday June 4, following a big dip in the futures market. http://www.metalbulletin.com/Article/3935738/IRON-ORE-DAILY-Seaborne-prices-fall-amid-drop-in-futures-market.htmlThu, 04 Jun 2020 12:59:00 GMTZijin's 200,000-tpy Serbian copper refinery to commence in 2022China's Zijing Mining Group has started construction of a 200,000-tonne-per-year copper refinery in Serbia's Bor Complex after taking control of the project in almost two years. http://www.metalbulletin.com/Article/3935743/Zijins-200000-tpy-Serbian-copper-refinery-to-commence-in-2022.htmlThu, 04 Jun 2020 12:45:00 GMTCOKING COAL DAILY: Seaborne premium prices fluctuate while the majority stand by Seaborne premium hard coking coal prices diverged on Thursday June 4, with most market participants watching from the sidelines. http://www.metalbulletin.com/Article/3935737/COKING-COAL-DAILY-Seaborne-premium-prices-fluctuate-while-the-majority-stand-by.htmlThu, 04 Jun 2020 12:30:00 GMTFOCUS: China’s chrome, manganese ore imports diverge in April highlighting differing fundamentalsChina’s imports of chrome ore increased significantly in April, in contrast to the slump in the manganese ore imports that same month - Fastmarkets examines the drivers behind the surge in imports and factors contributing to its divergence from the manganese market.http://www.metalbulletin.com/Article/3935701/FOCUS-Chinas-chrome-manganese-ore-imports-diverge-in-April-highlighting-differing-fundamentals.htmlThu, 04 Jun 2020 12:28:00 GMTBANGLADESH SCRAP: Recent Asia bulk sales raise offer prices but mills stay away Steelmakers in Bangladesh largely abstained from the market for import bulk scrap cargoes over the last week but offer prices increased due to recent deals done in India and Pakistan, market sources told Fastmarkets on Thursday June 4. http://www.metalbulletin.com/Article/3935741/BANGLADESH-SCRAP-Recent-Asia-bulk-sales-raise-offer-prices-but-mills-stay-away.htmlThu, 04 Jun 2020 12:18:00 GMTCHINA HRC: Futures fall on profit-takingChina’s hot-rolled coil prices fell on Thursday June 4 after futures prices plunged in the afternoon, but exporters maintain their high offers in a wait-and-see position, sources said.http://www.metalbulletin.com/Article/3935720/CHINA-HRC-Futures-fall-on-profit-taking.htmlThu, 04 Jun 2020 11:25:00 GMTCHINA REBAR: Domestic prices edge up further but demand softensChina’s domestic rebar market maintained its upward trend on Thursday June 4 on early gains experienced by rebar futures, though high temperatures in several regions weakened demand. http://www.metalbulletin.com/Article/3935718/CHINA-REBAR-Domestic-prices-edge-up-further-but-demand-softens.htmlThu, 04 Jun 2020 11:19:00 GMTLIVE FUTURES REPORT 04/06: LME copper price sinks 0.8% despite 20kt fresh cancelation; lead falls below $1,700/tThe three-month copper price on the London Metal Exchange was down during morning trading on Thursday June 4, falling below the $5,500-per-tonne support level in a complex-wide downturn that saw risk appetite soften, while lead futures led on the downside with a 1.9% fall over the morning.http://www.metalbulletin.com/Article/3935721/LIVE-FUTURES-REPORT-0406-LME-copper-price-sinks-08-despite-20kt-fresh-cancelation-lead-falls-below.htmlThu, 04 Jun 2020 10:47:00 GMTJAPAN SCRAP: Tightened supply raises export prices, hammers steel marginsJapanese suppliers of H2 heavy scrap are experiencing difficulty in sourcing for supply, which has led to a rise in export prices for a second week, market sources told Fastmarkets.http://www.metalbulletin.com/Article/3935705/JAPAN-SCRAP-Tightened-supply-raises-export-prices-hammers-steel-margins.htmlThu, 04 Jun 2020 10:38:00 GMTCobalt sulfate prices drop, but near-term decline limited - sourcesCobalt sulfate prices in China retreated slightly in the first half of the week with concerns over a persistent slump in demand outweighing feedstock supply constraints, but market participants expect any drop to be only limited in the near term.http://www.metalbulletin.com/Article/3935706/Cobalt-sulfate-prices-drop-but-near-term-decline-limited-sources.htmlThu, 04 Jun 2020 09:30:00 GMTMORNING VIEW: Markets mixed with metals weaker, while equities remain upbeatThe metals were for the most part weaker this morning, Thursday June 4, while Asian-Pacific equities were stronger. http://www.metalbulletin.com/Article/3935707/MORNING-VIEW-Markets-mixed-with-metals-weaker-while-equities-remain-upbeat.htmlThu, 04 Jun 2020 09:10:00 GMTChinese stainless steel prices steady despite soft demand, rising nickel costStainless steel prices in China were mostly stable over the past week despite soft demand and recent gains in the price of nickel, sources said. http://www.metalbulletin.com/Article/3935700/Chinese-stainless-steel-prices-steady-despite-soft-demand-rising-nickel-cost.htmlThu, 04 Jun 2020 05:42:00 GMTShake-up continues in Ferroglobe leadershipIn the latest of multiple leadership changes within the past year at Ferroglobe, the struggling silicon producer said that two members of its board will step down.http://www.metalbulletin.com/Article/3935697/Shake-up-continues-in-Ferroglobe-leadership.htmlThu, 04 Jun 2020 04:55:00 GMTChina’s daily crude steel output edges up in late MayMember mills of the China Iron & Steel Association (Cisa) kept their production rates high for crude steel and finished steel in late May, according to data released late on Wednesday June 3.http://www.metalbulletin.com/Article/3935699/Chinas-daily-crude-steel-output-edges-up-in-late-May.htmlThu, 04 Jun 2020 04:43:00 GMTGLOBAL TIN WRAP: Premiums decline in the US, flat elsewhere amid pandemic-related lullThe Covid-19 pandemic universally suppressed physical demand for tin in the two weeks to Tuesday June 2.http://www.metalbulletin.com/Article/3935629/GLOBAL-TIN-WRAP-Premiums-decline-in-the-US-flat-elsewhere-amid-pandemic-related-lull.htmlThu, 04 Jun 2020 04:20:00 GMTIN CASE YOU MISSED IT: 5 key stories from June 3Here are five Fastmarkets stories you might have missed on Wednesday June 3 that are worth another look.http://www.metalbulletin.com/Article/3935694/IN-CASE-YOU-MISSED-IT-5-key-stories-from-June-3.htmlThu, 04 Jun 2020 00:05:00 GMTCOBALT SNAPSHOT: Standard-grade under pressure from still-ample supplyKey data from the pricing session in London on Wednesday June 3. http://www.metalbulletin.com/Article/3935640/COBALT-SNAPSHOT-Standard-grade-under-pressure-from-still-ample-supply.htmlWed, 03 Jun 2020 19:48:00 GMTTURKEY FLAT STEEL WRAP: Prices up, buying strong in MayDemand for flat steel products in Turkey was moderate in May because of low stocks in the country and the spread of the Covid-19 pandemic, market participants told Fastmarkets on Wednesday June 3. http://www.metalbulletin.com/Article/3935558/TURKEY-FLAT-STEEL-WRAP-Prices-up-buying-strong-in-May.htmlWed, 03 Jun 2020 19:30:00 GMTPRICING NOTICE: Delayed publication of Europe, Korea noble alloys prices on June 3The publication of some Fastmarkets noble alloys price assessments for Wednesday June 3 was delayed due to technical issues. http://www.metalbulletin.com/Article/3935631/PRICING-NOTICE-Delayed-publication-of-Europe-Korea-noble-alloys-prices-on-June-3.htmlWed, 03 Jun 2020 18:38:00 GMTEUROPE HRC: Domestic prices inch down on lack of demandDomestic prices for hot-rolled coil in Europe have inched down over the past week due to a lack of buying activity, sources told Fastmarkets on Wednesday June 3. http://www.metalbulletin.com/Article/3935639/EUROPE-HRC-Domestic-prices-inch-down-on-lack-of-demand.htmlWed, 03 Jun 2020 18:18:00 GMTEUROPE CRC: Domestic price falls in north on weak demandDomestic prices for cold-rolled coil have moved down over the past week in Northern Europe due to poor trading activity in the region, sources told Fastmarkets on Wednesday June 3. http://www.metalbulletin.com/Article/3935634/EUROPE-CRC-Domestic-price-falls-in-north-on-weak-demand.htmlWed, 03 Jun 2020 18:05:00 GMTGLOBAL ZINC & LEAD WRAP: Cif Shanghai zinc premium drops on closed import window; Europe, US premiums flat The closure of the arbitrage window between London and Shanghai prompted a drop in Chinese zinc premiums in the week to Tuesday June 2, while broad stagnancy in European and US demand kept premiums firm, although some market participants anticipate that demand could further weaken in the coming months. http://www.metalbulletin.com/Article/3935384/GLOBAL-ZINC-and-LEAD-WRAP-Cif-Shanghai-zinc-premium-drops-on-closed-import-window-Europe-US-premiums.htmlWed, 03 Jun 2020 17:52:00 GMTBASE METALS WARRANT REPORT 03/06A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday June 3.http://www.metalbulletin.com/Article/3935548/BASE-METALS-WARRANT-REPORT-0306.htmlWed, 03 Jun 2020 17:48:00 GMTMINOR METALS MARKET REPORT 03/06: Antimony drops on slow demand; rising interest for telluriumAn overview of the minor metals markets and the reasons for their latest price moves. http://www.metalbulletin.com/Article/3935627/MINOR-METALS-MARKET-REPORT-0306-Antimony-drops-on-slow-demand-rising-interest-for-tellurium.htmlWed, 03 Jun 2020 17:45:00 GMTLIVE FUTURES REPORT 03/06: LME base metals prices consolidate after recent strengthBase metals price on the London Metal Exchange had moved sideways at the close of trading on Wednesday June 3, with most of the complex maintaining gains made earlier in the week against a steady improvement in risk-appetite. http://www.metalbulletin.com/Article/3935630/LIVE-FUTURES-REPORT-0306-LME-base-metals-prices-consolidate-after-recent-strength.htmlWed, 03 Jun 2020 17:15:00 GMTIranian export billet price strengthens on fresh salesIranian export billet prices narrowed upward in the week to Wednesday June 3 with more mills managing to achieve higher sales prices. http://www.metalbulletin.com/Article/3935626/Iranian-export-billet-price-strengthens-on-fresh-sales.htmlWed, 03 Jun 2020 17:02:00 GMTEUROPE PLATE: Domestic prices continue to fall in the south Domestic prices for heavy steel plate moved down again in Southern Europe over the week due to poor demand, sources told Fastmarkets on Wednesday June 3. http://www.metalbulletin.com/Article/3935557/EUROPE-PLATE-Domestic-prices-continue-to-fall-in-the-south.htmlWed, 03 Jun 2020 16:59:00 GMTEUROPE WIRE ROD: Prices dip on restrained buyingPrices for mesh-quality steel wire rod in Europe declined over the past seven days on pressure from buyers, sources told Fastmarkets on Wednesday June 3. http://www.metalbulletin.com/Article/3935404/EUROPE-WIRE-ROD-Prices-dip-on-restrained-buying.htmlWed, 03 Jun 2020 16:50:00 GMTEUROPE SECTIONS: Trading volumes reduced by public holidaysPrices for hollow steel sections in Europe were unchanged this week due to various public holidays reducing the amount of trading activity, sources told Fastmarkets on Wednesday June 3. http://www.metalbulletin.com/Article/3935623/EUROPE-SECTIONS-Trading-volumes-reduced-by-public-holidays.htmlWed, 03 Jun 2020 16:35:00 GMTEUROPE BEAMS: Market flat ahead of monthly price negotiationsThe price for steel H-beams in Europe remained flat on Wednesday June 3 due to various public holidays and the start of the regular monthly price negotiations, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3935553/EUROPE-BEAMS-Market-flat-ahead-of-monthly-price-negotiations.htmlWed, 03 Jun 2020 16:16:00 GMTDAILY SCRAP REPORT: Deep-sea purchases continue, prices stableTurkish steel producers have continued to book more deep-sea scrap cargoes at steady prices, sources told Fastmarkets on Wednesday June 3. http://www.metalbulletin.com/Article/3935549/DAILY-SCRAP-REPORT-Deep-sea-purchases-continue-prices-stable.htmlWed, 03 Jun 2020 16:09:00 GMTCOMMENT: Lockdown easing in South Africa belies continued threat of Covid-19The government of South Africa has eased the country’s lockdown, yet the continued threat of Covid-19 will dampen the recovery in chrome and manganese ore supply.http://www.metalbulletin.com/Article/3935552/COMMENT-Lockdown-easing-in-South-Africa-belies-continued-threat-of-Covid-19.htmlWed, 03 Jun 2020 15:48:00 GMTEUROPE REBAR: Thin buying pushes prices downwardDomestic steel rebar prices in Europe fell further on thin trading and pressure from buyers, sources told Fastmarkets on Wednesday June 3. http://www.metalbulletin.com/Article/3935390/EUROPE-REBAR-Thin-buying-pushes-prices-downward.htmlWed, 03 Jun 2020 15:45:00 GMTPRICING NOTICE: Proposal to launch China No2 copper material discount assessmentFastmarkets is launching a two-month consultation on the launch of new copper material price and the potential discontinuation of its monthly assessment of the No2 copper scrap discount on a cif China basis. http://www.metalbulletin.com/Article/3935215/PRICING-NOTICE-Proposal-to-launch-China-No2-copper-material-discount-assessment.htmlWed, 03 Jun 2020 14:02:00 GMTGLOBAL NICKEL WRAP: US premiums soften amid weak demand, oversupply; Europe, China levels stableGlobal nickel premiums were mostly static in the week to Tuesday June 2, with the exception of the delivered Midwest premium in the United States, where oversupply and weak demand saw the range soften, while a strong London Metal Exchange three-month nickel price kept consumption limited.http://www.metalbulletin.com/Article/3935368/GLOBAL-NICKEL-WRAP-US-premiums-soften-amid-weak-demand-oversupply-Europe-China-levels-stable.htmlWed, 03 Jun 2020 13:20:00 GMTA 6.8-magnitude quake strikes northern Chile’s key copper mining areaAn earthquake with a magnitude of 6.8 has hit the Antofagasta region of Northern Chile, which is home to a cluster of major copper mines, Fastmarkets understands.http://www.metalbulletin.com/Article/3935393/A-68-magnitude-quake-strikes-northern-Chiles-key-copper-mining-area.htmlWed, 03 Jun 2020 12:32:00 GMTCOKING COAL DAILY: Seaborne premiums fall after lower-priced transactionSeaborne premium hard coking coal prices dropped on Wednesday June 3 after a transaction was completed at $107.33 per tonne cfr China on Tuesday. http://www.metalbulletin.com/Article/3935389/COKING-COAL-DAILY-Seaborne-premiums-fall-after-lower-priced-transaction.htmlWed, 03 Jun 2020 12:24:00 GMTIRON ORE DAILY: Seaborne prices stay at high levels supported by active trading Seaborne iron ore prices were mostly flat at a high price level on Wednesday June 3 with the seaborne market continuing to be active in low-grade and mid-grade iron-ore fines trading, sources said.http://www.metalbulletin.com/Article/3935388/IRON-ORE-DAILY-Seaborne-prices-stay-at-high-levels-supported-by-active-trading.htmlWed, 03 Jun 2020 12:16:00 GMTCHINA HRC: Exporters keep prices high despite weakening domestic marketChina’s hot-rolled coil market weakened on Wednesday June 3 on futures losses, but exporters kept offering high despite thin trading.http://www.metalbulletin.com/Article/3935381/CHINA-HRC-Exporters-keep-prices-high-despite-weakening-domestic-market.htmlWed, 03 Jun 2020 11:54:00 GMTBritish Steel pauses production at special steel mill for second time British Steel will suspend production at its Skinningrove site for three weeks from June 13, the company said on Tuesday June 2. http://www.metalbulletin.com/Article/3935386/British-Steel-pauses-production-at-special-steel-mill-for-second-time.htmlWed, 03 Jun 2020 11:53:00 GMTRESEARCH: Key takeaways from the latest Base Metals Market TrackerThe latest forecasts from Fastmarkets’ team of analysts are ready to view.http://www.metalbulletin.com/Article/3935383/RESEARCH-Key-takeaways-from-the-latest-Base-Metals-Market-Tracker.htmlWed, 03 Jun 2020 11:38:00 GMTCHINA REBAR: Domestic prices rise again on bullish sentiment China’s domestic rebar prices strengthened further on Wednesday June 3 on market participants’ positive outlook for demand over the next few months. http://www.metalbulletin.com/Article/3935378/CHINA-REBAR-Domestic-prices-rise-again-on-bullish-sentiment.htmlWed, 03 Jun 2020 11:19:00 GMTIndia, Pakistan book US steel scrap cargoes on bullish outlookMills in India and Pakistan have returned to the market for bulk scrap and have booked cargoes from the United States over the past few days, sources told Fastmarkets on Wednesday June 3.http://www.metalbulletin.com/Article/3935374/India-Pakistan-book-US-steel-scrap-cargoes-on-bullish-outlook.htmlWed, 03 Jun 2020 10:36:00 GMTMJP aluminium stocks up 4% in April on Q2 peak period bookingsPrimary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama rose by 4% month on month at the end of April 2020, according to data released by major Japanese trading house Marubeni Corp.http://www.metalbulletin.com/Article/3935377/MJP-aluminium-stocks-up-4-in-April-on-Q2-peak-period-bookings.htmlWed, 03 Jun 2020 10:35:00 GMTLIVE FUTURES REPORT 03/06: LME copper price consolidates above $5,500/t; zinc slips below $2,000/tThe three-month copper price on the London Metal Exchange was up during morning trading on Wednesday June 3, maintaining a push above the nearby $5,500-per-tonne threshold achieved on Tuesday afternoon, while weak demand continues to pressure zinc futures downward. http://www.metalbulletin.com/Article/3935380/LIVE-FUTURES-REPORT-0306-LME-copper-price-consolidates-above-5500t-zinc-slips-below-2000t.htmlWed, 03 Jun 2020 10:17:00 GMT