Top Storieshttp://www.metalbulletin.com/RSS.aspx?FeedID=2429©2020 MB60Top StoriesNEWSBREAK: Grupo Mexico starts to reduce mining operations amid Covid-19Grupo Mexico has started to gradually reduce its mining operations in an effort to prevent the spread of the Covid-19 virus, with its activities declared non-essential by the government. http://www.metalbulletin.com/Article/3926754/NEWSBREAK-Grupo-Mexico-starts-to-reduce-mining-operations-amid-Covid-19.htmlSat, 04 Apr 2020 00:16:00 GMTGerdau to idle one blast furnace at Ouro Branco mill, halt long steel rollingBrazilian steelmaker Gerdau will idle the No2 blast furnace at its Ouro Branco mill, in the southeastern state of Minas Gerais, this month to adjust operations due to to currently weakened demand because of the Covid-19 pandemic, the company said on Friday April 3.http://www.metalbulletin.com/Article/3926748/Gerdau-to-idle-one-blast-furnace-at-Ouro-Branco-mill-halt-long-steel-rolling.htmlFri, 03 Apr 2020 22:02:00 GMTArcelorMittal’s No3 blast furnace at Tubarão to remain idle until market recoversArcelorMittal’s Brazilian unit has clarified information about the shutdown of its No3 blast furnace in Tubarão facility, in the country’s southeastern Espírito Santo state; the equipment will remain halted for an indeterminate period, the company told Fastmarkets on Friday April 3.http://www.metalbulletin.com/Article/3926743/ArcelorMittals-No3-blast-furnace-at-Tubaro-to-remain-idle-until-market-recovers.htmlFri, 03 Apr 2020 21:39:00 GMTLithium fundamentals show no sign of near-term recovery, says broker SCBDemand for lithium chemicals will not recover before mid-2021 due to the added headwinds caused by the global spread of the Covid-19 epidemic to an already oversupplied market, SCB's battery raw materials broker said.http://www.metalbulletin.com/Article/3926737/Lithium-fundamentals-show-no-sign-of-near-term-recovery-says-broker-SCB.htmlFri, 03 Apr 2020 19:27:00 GMTSouth Brazil pig iron export prices stable with mills sold out until JuneThe market for pig iron exports from the south of Brazil was stable during the week ended Friday April 3 because mills had sold out their material until June production. http://www.metalbulletin.com/Article/3926718/South-Brazil-pig-iron-export-prices-stable-with-mills-sold-out-until-June.htmlFri, 03 Apr 2020 18:25:00 GMTEUROPE HRC: Domestic prices stable but falls likelyDomestic prices for hot-rolled coil in Northern Europe have been stable day on day but were expected to decrease due to poor demand, sources told Fastmarkets on Friday April 3. http://www.metalbulletin.com/Article/3926722/EUROPE-HRC-Domestic-prices-stable-but-falls-likely.htmlFri, 03 Apr 2020 18:05:00 GMTGLOBAL CHROME SNAPSHOT: Supply concerns fuel price increases in China, Europe Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday April 3. http://www.metalbulletin.com/Article/3926719/GLOBAL-CHROME-SNAPSHOT-Supply-concerns-fuel-price-increases-in-China-Europe.htmlFri, 03 Apr 2020 17:40:00 GMTBrazilian slab export prices widen as buyers take advantage of 'opportunity'Brazilian slab export prices widened during the week ended Friday April 3, with buyers opportunistic after prices decreased sharply in the previous two weeks.http://www.metalbulletin.com/Article/3926709/Brazilian-slab-export-prices-widen-as-buyers-take-advantage-of-opportunity.htmlFri, 03 Apr 2020 17:18:00 GMTUK SCRAP: Light iron market stabilizes ahead of April settlementsThe inter-merchant spot price for light iron scrap in the UK has stabilized over the past week after falling by more than 37% between March 13 and March 27, as the market pauses ahead of monthly delivery settlements to consumers for April.http://www.metalbulletin.com/Article/3926700/UK-SCRAP-Light-iron-market-stabilizes-ahead-of-April-settlements.htmlFri, 03 Apr 2020 17:09:00 GMTLIVE FUTURES REPORT 03/04: LME aluminium contract closes below $1,500 amid low turnover The London Metal Exchange three-month aluminium price briefly breached the $1,500 per tonne mark, with an intraday high of $1,505 per tonne, but closed at $1,481.50 per tonne on Friday April 3. http://www.metalbulletin.com/Article/3926707/LIVE-FUTURES-REPORT-0304-LME-aluminium-contract-closes-below-1500-amid-low-turnover.htmlFri, 03 Apr 2020 17:07:00 GMTIndian HRC export prices down by $10 per tonne on domestic lockdownIndian mills cut the export price of hot-rolled coil by $10 per tonne in the week ended Friday April 3, amid the complete lockdown of the domestic market while the country tries to control the spread of the Covid-19 pandemic. http://www.metalbulletin.com/Article/3926702/Indian-HRC-export-prices-down-by-10-per-tonne-on-domestic-lockdown.htmlFri, 03 Apr 2020 17:02:00 GMTMINOR METALS MARKET REPORT 03/04: Buyers retreat from antimony marketAn overview of the minor metals markets and the reasons for their latest price moves.http://www.metalbulletin.com/Article/3926695/MINOR-METALS-MARKET-REPORT-0304-Buyers-retreat-from-antimony-market.htmlFri, 03 Apr 2020 16:59:00 GMTCOPPER CONCS SNAPSHOT: TC/RCs move higher in choppy market; eyes on mine disruptions Fastmarkets’ copper concentrates treatment charges and refining charge (TC/RC) index moved up to $65.70 per tonne and 6.57 cents per lb this week, underpinned by a handful of deals reported in the high $60s per tonne. http://www.metalbulletin.com/Article/3926704/COPPER-CONCS-SNAPSHOT-TCRCs-move-higher-in-choppy-market-eyes-on-mine-disruptions.htmlFri, 03 Apr 2020 16:43:00 GMTUS PIG IRON: Market down on lower demand, depressed scrap pricesThe pig iron market in the United States weakened further in the week to Friday April 3, pressured lower by a depressed scrap market and weak demand among mills that have cut steel output.http://www.metalbulletin.com/Article/3926701/US-PIG-IRON-Market-down-on-lower-demand-depressed-scrap-prices.htmlFri, 03 Apr 2020 16:40:00 GMTINDIA IMPORT SCRAP: Lockdown keeps trading on pauseThe price of ferrous scrap imported into India continued to dip this week following a substantial drop last week when the country implemented a 21-day nationwide lockdown, bringing trade to a halt, sources told Fastmarkets on Friday April 3. http://www.metalbulletin.com/Article/3926697/INDIA-IMPORT-SCRAP-Lockdown-keeps-trading-on-pause.htmlFri, 03 Apr 2020 16:38:00 GMTTURKEY FLAT STEEL: Price decreases continue; demand very weakFlat steel prices continued to decrease in Turkey during the week ended Friday April 3, with demand reportedly very weak, sources told Fastmarkets.http://www.metalbulletin.com/Article/3926659/TURKEY-FLAT-STEEL-Price-decreases-continue-demand-very-weak.htmlFri, 03 Apr 2020 16:36:00 GMTEUROPE ALLOY STEEL SCRAP: Prices narrow downwards on dwindling demandThe price of austenitic stainless steel scrap in the UK domestic market narrowed downward this week, reflecting very low demand from mills for April, sources told Fastmarkets on Friday April 3. http://www.metalbulletin.com/Article/3926708/EUROPE-ALLOY-STEEL-SCRAP-Prices-narrow-downwards-on-dwindling-demand.htmlFri, 03 Apr 2020 16:32:00 GMTSOUTH AFRICA LOCKDOWN: How Covid-19 is affecting ores & alloys supply [UPDATED]Fastmarkets reviews the latest developments in South African ores and alloys supply following the lockdown order from President Cyril Ramaphosa on Monday March 23 amid the spread of Covid-19. http://www.metalbulletin.com/Article/3925539/SOUTH-AFRICA-LOCKDOWN-How-Covid-19-is-affecting-ores-and-alloys-supply-[UPDATED].htmlFri, 03 Apr 2020 16:30:00 GMTEurofer calls for 75% cut to EU steel import quotas because of 'unprecedented implosion' of marketEurofer has requested an immediate reduction of 75% in EU safeguard quotas for imported steel to to support European industry during the crisis caused by the Covid-19 pandemic. http://www.metalbulletin.com/Article/3926656/Eurofer-calls-for-75-cut-to-EU-steel-import-quotas-because-of-unprecedented-implosion-of-market.htmlFri, 03 Apr 2020 16:25:00 GMTGLOBAL MANGANESE SNAPSHOT: Buyers’ supply concerns on South African lockdown sends ore prices soaringKey data from the pricing sessions in Asia, Europe and the United States for the week ending Friday April 3.http://www.metalbulletin.com/Article/3926699/GLOBAL-MANGANESE-SNAPSHOT-Buyers-supply-concerns-on-South-African-lockdown-sends-ore-prices-soaring.htmlFri, 03 Apr 2020 16:18:00 GMTTURKEY COATED FLAT STEEL: Prices decrease on lack of demandTurkish domestic prices for hot-dipped galvanized coil (HDG) and color-coated coil continued to slide in the week to Friday April 3, with demand absent, sources told Fastmarkets.http://www.metalbulletin.com/Article/3926592/TURKEY-COATED-FLAT-STEEL-Prices-decrease-on-lack-of-demand.htmlFri, 03 Apr 2020 16:12:00 GMTGLOBAL FERRO-SILICON SNAPSHOT: US price surges on low inventory levels Key data from Fastmarkets’ pricing sessions in Europe, Shanghai and the United States in the week to Friday April 3. http://www.metalbulletin.com/Article/3926698/GLOBAL-FERRO-SILICON-SNAPSHOT-US-price-surges-on-low-inventory-levels.htmlFri, 03 Apr 2020 16:10:00 GMTBATTERY RAW MATERIALS MARKET REPORT 03/04: Dampened consumer electronics demand weighs on cobalt tetroxide An overview of the battery raw materials markets and their price moves from the past week. http://www.metalbulletin.com/Article/3926694/BATTERY-RAW-MATERIALS-MARKET-REPORT-0304-Dampened-consumer-electronics-demand-weighs-on-cobalt.htmlFri, 03 Apr 2020 16:02:00 GMTCIS STEEL BILLET: Prices stable as pandemic limits tradingCIS export steel billet prices remained largely unchanged in the second half of the week ended Friday April 3 amid limited trading activity. http://www.metalbulletin.com/Article/3926588/CIS-STEEL-BILLET-Prices-stable-as-pandemic-limits-trading.htmlFri, 03 Apr 2020 16:00:00 GMTPRICING NOTICE: Delayed publication of daily alumina index, fob AustraliaFastmarkets published its alumina index, fob Australia later than scheduled on Friday April 3 due to data coming in toward the end of Friday’s pricing discovery process.http://www.metalbulletin.com/Article/3926691/PRICING-NOTICE-Delayed-publication-of-daily-alumina-index-fob-Australia.htmlFri, 03 Apr 2020 15:45:00 GMTNOBLE ALLOYS MARKET REPORT 03/04: Vanadium up on supply fears; weak demand pushes molybdenum downAn overview of the noble alloys markets and the reasons for any price moves. http://www.metalbulletin.com/Article/3926690/NOBLE-ALLOYS-MARKET-REPORT-0304-Vanadium-up-on-supply-fears-weak-demand-pushes-molybdenum-down.htmlFri, 03 Apr 2020 15:32:00 GMTPOLAND REBAR: Prices rise on tighter market, weaker zlotyDomestic steel rebar prices in Poland climbed slightly this week, supported by good demand from end-users and a lack of competitive import offers, as well as a weaker Polish zloty, source told Fastmarkets on Friday April 3. http://www.metalbulletin.com/Article/3926520/POLAND-REBAR-Prices-rise-on-tighter-market-weaker-zloty.htmlFri, 03 Apr 2020 15:25:00 GMTDAILY SCRAP REPORT: Market remains quiet; prices may rebound soonTurkish deep-sea scrap import trade remained quiet at the end of the week, but prices are poised to increase amid tightening supply, sources told Fastmarkets on Friday April 3.http://www.metalbulletin.com/Article/3926590/DAILY-SCRAP-REPORT-Market-remains-quiet-prices-may-rebound-soon.htmlFri, 03 Apr 2020 15:22:00 GMTDeclining LCO battery demand weighs on cobalt tetroxide pricesWaning demand for lithium cobalt oxide (LCO) batteries - as a result of slowing consumption of consumer electronic products amid the Covid-19 pandemic - has weighed on upstream cobalt tetroxide prices since early March, sources said.http://www.metalbulletin.com/Article/3926534/Declining-LCO-battery-demand-weighs-on-cobalt-tetroxide-prices.htmlFri, 03 Apr 2020 15:22:00 GMTCIS PIG IRON: Market down on weak scrap, higher competition in China The market for pig iron exports from the Commonwealth of Independent States went down again in the week to Thursday April 2 on a weak global scrap market and higher competition in the Chinese market - the only outlet where demand exists.http://www.metalbulletin.com/Article/3926535/CIS-PIG-IRON-Market-down-on-weak-scrap-higher-competition-in-China.htmlFri, 03 Apr 2020 15:18:00 GMTChina's top copper smelters to set Q2 buying floor online next weekChina’s largest copper smelters will gather online next week to agree the second-quarter pricing floor for the processing charges of copper concentrates following significant changes to market conditions from the first three months of the year.http://www.metalbulletin.com/Article/3926532/Chinas-top-copper-smelters-to-set-Q2-buying-floor-online-next-week.htmlFri, 03 Apr 2020 14:44:00 GMTGLOBAL LITHIUM WRAP: China carbonate price narrows on buyer resistanceThe Chinese domestic spot battery-grade lithium carbonate price fell by 1.1% on Thursday April 2 due to reluctance on the buy side to accept higher prices. http://www.metalbulletin.com/Article/3926593/GLOBAL-LITHIUM-WRAP-China-carbonate-price-narrows-on-buyer-resistance.htmlFri, 03 Apr 2020 14:30:00 GMTPRICING NOTICE: China Mn, Cr ore port inventory publication postponed on Qingming FestivalFastmarkets' publication of its China manganese and chrome ore port inventory assessments will be postponed to Tuesday April 7 due to the Qingming or Tomb Sweeping Festival in China. http://www.metalbulletin.com/Article/3926521/PRICING-NOTICE-China-Mn-Cr-ore-port-inventory-publication-postponed-on-Qingming-Festival.htmlFri, 03 Apr 2020 14:30:00 GMTQ2 MJP aluminium premium settles 1.2% lower at $82/tThe benchmark for the supply of aluminium to main Japanese ports (MJP) in the second quarter of 2020 has settled at a premium of $82 per tonne cif over the London Metal Exchange cash price. http://www.metalbulletin.com/Article/3926487/Q2-MJP-aluminium-premium-settles-12-lower-at-82t.htmlFri, 03 Apr 2020 14:20:00 GMTCHINA MINOR METALS MARKET REPORT 03/04: Bismuth sinks on sluggish demand; selenium up on strong raw materialsAn overview of the Chinese minor metals markets and the reasons for their latest price moves. http://www.metalbulletin.com/Article/3926488/CHINA-MINOR-METALS-MARKET-REPORT-0304-Bismuth-sinks-on-sluggish-demand-selenium-up-on-strong-raw.htmlFri, 03 Apr 2020 14:00:00 GMTIRON ORE DAILY: Prices stable before holiday in ChinaSeaborne iron ore market continued to maintain relatively stable levels on Friday April 3 amid a busy trading day at Chinese ports.http://www.metalbulletin.com/Article/3926491/IRON-ORE-DAILY-Prices-stable-before-holiday-in-China.htmlFri, 03 Apr 2020 12:10:00 GMTCOKING COAL DAILY: Traders sound caution over Australian supply; prices plungeSeaborne coking coal prices dropped below $140 per tonne on a fob-Australia basis on Friday April 3, with buyers maintaining a bearish outlook, though some traders highlighted potential supply concerns from Australia.http://www.metalbulletin.com/Article/3926486/COKING-COAL-DAILY-Traders-sound-caution-over-Australian-supply-prices-plunge.htmlFri, 03 Apr 2020 11:50:00 GMTSalzgitter mulls further production cuts on poor demandGerman steelmaker Salzgitter is investigating whether to make further production cuts due to the significant drop in demand in Europe, the company said on April 2.http://www.metalbulletin.com/Article/3926485/Salzgitter-mulls-further-production-cuts-on-poor-demand.htmlFri, 03 Apr 2020 11:39:00 GMTCHINA HRC: Cheaper imports put more pressure on Chinese products China’s domestic hot-rolled coil prices rebounded on Friday April 3 after trading activity picked up a day earlier, but exports remained under pressure, particularly with imports into the country rising due to their competitive rates.http://www.metalbulletin.com/Article/3926478/CHINA-HRC-Cheaper-imports-put-more-pressure-on-Chinese-products.htmlFri, 03 Apr 2020 11:05:00 GMTFOCUS: China re-acquires appetite for steel imports amid global pandemicChina has re-acquired its taste for steel imports in the past few weeks due to an open window for arbitrage between its domestic market and the rest of the world.http://www.metalbulletin.com/Article/3926451/FOCUS-China-re-acquires-appetite-for-steel-imports-amid-global-pandemic.htmlFri, 03 Apr 2020 10:40:00 GMTASIA FERROUS SCRAP: Buying eases on holidays in Vietnam, TaiwanDemand for ferrous scrap in key import markets Taiwan and Vietnam was weaker this week due to major holidays in these regions, while social distancing measures implemented in Vietnam also resulted in less downstream activity.http://www.metalbulletin.com/Article/3926454/ASIA-FERROUS-SCRAP-Buying-eases-on-holidays-in-Vietnam-Taiwan.htmlFri, 03 Apr 2020 10:23:00 GMTSOUTH KOREA SCRAP: Mills take advantage of cheap Japanese supplyPrices for import scrap cargoes to South Korea continued to decline in the week to Friday April 3, with mills favoring non-deep sea cargoes in their latest bookings, sources told Fastmarkets.http://www.metalbulletin.com/Article/3926483/SOUTH-KOREA-SCRAP-Mills-take-advantage-of-cheap-Japanese-supply.htmlFri, 03 Apr 2020 10:22:00 GMTCHINA REBAR: Prices flat amid mixed outlookChina’s domestic rebar prices were unchanged on Friday April 3, but a divided outlook has emerged in the market over how it would trend over the rest of this month. http://www.metalbulletin.com/Article/3926476/CHINA-REBAR-Prices-flat-amid-mixed-outlook.htmlFri, 03 Apr 2020 10:00:00 GMTLIVE FUTURES REPORT 03/04: Fresh 1,900t inflow cools LME tin price; copper nears $4,900/t The three-month tin price on the London Metal Exchange fell by 1.3% during morning trading on Friday April 3 after 1,900 tonnes of tin was delivered into LME-registered warehouses, while copper continues to test nearby resistance levels. http://www.metalbulletin.com/Article/3926484/LIVE-FUTURES-REPORT-0304-Fresh-1900t-inflow-cools-LME-tin-price-copper-nears-4900t.htmlFri, 03 Apr 2020 09:53:00 GMTSE Asian billet import prices plunge to 3.5-year lowPrices in Southeast Asia’s steel billet market plummeted to levels not seen since November 2016 in the past week, while countries in the region grappled with the fallout from the Covid-19 outbreak. http://www.metalbulletin.com/Article/3926457/SE-Asian-billet-import-prices-plunge-to-35-year-low.htmlFri, 03 Apr 2020 09:37:00 GMTSHFE STOCKS REPORT 03/04: Base metals stocks continue to tumble on resumed operations Base metals' inventories in Shanghai Futures Exchange-approved warehouses continued to fall in the week ending Friday April 3, with lead registering the biggest outflows. http://www.metalbulletin.com/Article/3926462/SHFE-STOCKS-REPORT-0304-Base-metals-stocks-continue-to-tumble-on-resumed-operations.htmlFri, 03 Apr 2020 09:35:00 GMTPRICING NOTICE: Postponing launch of ferro-niobium delivered consumer works dp Europe assessment Fastmarkets has decided to postpone the launch of its ferro-niobium, delivered consumer works Europe, duty-paid price assessment. http://www.metalbulletin.com/Article/3926464/PRICING-NOTICE-Postponing-launch-of-ferro-niobium-delivered-consumer-works-dp-Europe-assessment.htmlFri, 03 Apr 2020 09:11:00 GMTMORNING VIEW: Markets volatile, skeptical about Trump’s oil talk; traders brace for US employment reportMarkets are mixed and on average weaker this morning, Friday April 3, after the rally on Thursday following a 20% rise in oil prices faded. http://www.metalbulletin.com/Article/3926455/MORNING-VIEW-Markets-volatile-skeptical-about-Trumps-oil-talk-traders-brace-for-US-employment-report.htmlFri, 03 Apr 2020 08:05:00 GMTLIVE FUTURES REPORT 03/04: SHFE base metals prices mostly down; Cu, Al up marginallyBarring that of copper and aluminium, base metals prices on the Shanghai Futures Exchange were weaker during morning trading on Friday April 3.http://www.metalbulletin.com/Article/3926453/LIVE-FUTURES-REPORT-0304-SHFE-base-metals-prices-mostly-down-Cu-Al-up-marginally.htmlFri, 03 Apr 2020 05:31:00 GMTNoranda Income Fund's CEZinc refinery deemed essential, guidance unchangedNoranda Income Fund’s (NIF) zinc processing facility in the Canadian province of Quebec has been deemed an essential supplier to several industries during the Covid-19 pandemic by the state government and is continuing its priority manufacturing activities as a result. http://www.metalbulletin.com/Article/3926445/Noranda-Income-Funds-CEZinc-refinery-deemed-essential-guidance-unchanged.htmlFri, 03 Apr 2020 02:39:00 GMTIN CASE YOU MISSED IT: 5 key stories from April 2Here are five Fastmarkets stories you might have missed on Thursday April 2 that are worth another look.http://www.metalbulletin.com/Article/3926444/IN-CASE-YOU-MISSED-IT-5-key-stories-from-April-2.htmlThu, 02 Apr 2020 23:05:00 GMTTURKEY FLAT STEEL WRAP: All prices fall in March as sentiment suffers from virusDemand for flat steel products in Turkey was weak in March because of the spread of the Covid-19 pandemic in the country, market participants told Fastmarkets on Thursday April 2. http://www.metalbulletin.com/Article/3926420/TURKEY-FLAT-STEEL-WRAP-All-prices-fall-in-March-as-sentiment-suffers-from-virus.htmlThu, 02 Apr 2020 19:35:00 GMTKey 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/3926397/Key-takeaways-from-the-latest-Steel-Raw-Materials-Market-Tracker.htmlThu, 02 Apr 2020 18:54:00 GMTRio Tinto declares force majeure at Kennecott after earthquakeRio Tinto has declared force majeure on shipments of copper cathode from its Kennecott copper mine in the US state of Utah following a 5.7-magnitude earthquake near the site last month.http://www.metalbulletin.com/Article/3926424/Rio-Tinto-declares-force-majeure-at-Kennecott-after-earthquake.htmlThu, 02 Apr 2020 18:25:00 GMTEUROPE HRC: Domestic prices to fall further on lower imports, poor demandDomestic prices for hot-rolled coil in Northern Europe have inched downward day on day and further drops were expected, sources told Fastmarkets on Thursday April 2. http://www.metalbulletin.com/Article/3926422/EUROPE-HRC-Domestic-prices-to-fall-further-on-lower-imports-poor-demand.htmlThu, 02 Apr 2020 18:20:00 GMTNorsk Hydro delays Husnes ramp-up, starts temporary layoffs, freezes capexNorsk Hydro has decided to postpone adding 95,000 tonnes per year to capacity at the Husnes aluminium plant in Norway in light of the rapidly deteriorating market conditions caused by the Covid-19 pandemic. http://www.metalbulletin.com/Article/3926417/Norsk-Hydro-delays-Husnes-ramp-up-starts-temporary-layoffs-freezes-capex.htmlThu, 02 Apr 2020 17:54:00 GMTBrazil iron ore exports down 2% in MarchIron ore export volumes from Brazil fell by 2.13% year on year in March, with the daily average falling by 15.48% in the same comparison, Fastmarkets understands.http://www.metalbulletin.com/Article/3926254/Brazil-iron-ore-exports-down-2-in-March.htmlThu, 02 Apr 2020 17:22:00 GMTLIVE FUTURES REPORT 02/04: LME zinc price tops complex in surprise upswing; Al fails to breach $1,500The three-month price of zinc on the London Metal Exchange was the standout performer at the close of trading on Thursday April 2, climbing by 1.5% despite a three-month low in turnover, while an afternoon rally did little to push aluminium above nearby resistance. http://www.metalbulletin.com/Article/3926415/LIVE-FUTURES-REPORT-0204-LME-zinc-price-tops-complex-in-surprise-upswing-Al-fails-to-breach-1500.htmlThu, 02 Apr 2020 17:22:00 GMTTrade log April 2020: Cobalt Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. http://www.metalbulletin.com/Article/3926409/Trade-log-April-2020-Cobalt.htmlThu, 02 Apr 2020 16:54:00 GMTCollahuasi copper mine cuts on-site workforce by 40% amid Covid-19 pandemic Chilean copper mine Collahuasi has temporarily slashed its on-site workforce by 40% and scaled back operations in an attempt to reduce the Covid-19 virus spread among its employees and contractors, the company said on Thursday April 2. http://www.metalbulletin.com/Article/3926404/Collahuasi-copper-mine-cuts-on-site-workforce-by-40-amid-Covid-19-pandemic.htmlThu, 02 Apr 2020 16:50:00 GMTDAILY SCRAP REPORT: Suppliers seek higher prices amid tightening supplyThe Turkish steel producers have continued to stay away from the deep-sea scrap market, while suppliers were raising their offer prices because of tightening supplies, sources said on Thursday April 2. http://www.metalbulletin.com/Article/3926394/DAILY-SCRAP-REPORT-Suppliers-seek-higher-prices-amid-tightening-supply.htmlThu, 02 Apr 2020 16:35:00 GMTTURKEY STEEL BILLET: Domestic, import prices dip on falling scrap costsDomestic and import steel billet prices in Turkey have continued to fall over the past week amid lower scrap costs, sources said on Thursday April 2.http://www.metalbulletin.com/Article/3926403/TURKEY-STEEL-BILLET-Domestic-import-prices-dip-on-falling-scrap-costs.htmlThu, 02 Apr 2020 16:35:00 GMTTURKEY LONG STEEL: Domestic prices recover slightly late in week despite overall weaknessDomestic long steel prices in Turkey have continued to fall because of the coronavirus pandemic over the past week despite a slight recovery later in the week, sources said on Thursday April 2.http://www.metalbulletin.com/Article/3926363/TURKEY-LONG-STEEL-Domestic-prices-recover-slightly-late-in-week-despite-overall-weakness.htmlThu, 02 Apr 2020 16:25:00 GMTTailings dam spill at Chinese molybdenum mine pushes up prices but rise unlikely to lastConcerns that a tailings dam leak at a Chinese molybdenum mine could affect supplies pushed prices up in the first half of the week, but the uptrend is only expected to be short-lived, sources told Fastmarkets. http://www.metalbulletin.com/Article/3926357/Tailings-dam-spill-at-Chinese-molybdenum-mine-pushes-up-prices-but-rise-unlikely-to-last.htmlThu, 02 Apr 2020 14:46:00 GMTTURKEY LONG STEEL EXPORTS: Prices down again as virus measures limit demandThe Turkish long steel export markets continue to suffer from the restrictions arising from the Covid-19 pandemic, which have sharply reduced demand over the past week, sources said on Thursday April 2. http://www.metalbulletin.com/Article/3926355/TURKEY-LONG-STEEL-EXPORTS-Prices-down-again-as-virus-measures-limit-demand.htmlThu, 02 Apr 2020 14:33:00 GMTEGYPT STEEL BILLET, REBAR: Billet import prices down; Covid-19 virus starts to have impact on market activityPrices for imported steel billet in Egypt fell in the week to Thursday April 2, with market activity being stifled by the wider impact of the Covid-19 pandemic, sources told Fastmarkets. http://www.metalbulletin.com/Article/3926356/EGYPT-STEEL-BILLET-REBAR-Billet-import-prices-down-Covid-19-virus-starts-to-have-impact-on-market.htmlThu, 02 Apr 2020 14:30:00 GMTIRON ORE MONTHLY: Traded volumes for SGX's 65% Fe contract hit new recordThe seaborne iron ore market maintained its momentum in March, even with the Covid-19 pandemic causing turmoil for the global economic outlook and leading to steel production cuts and weakening demand outside of China.http://www.metalbulletin.com/Article/3926040/IRON-ORE-MONTHLY-Traded-volumes-for-SGXs-65-Fe-contract-hit-new-record.htmlThu, 02 Apr 2020 13:49:00 GMTChina ferro-niobium imports fall 55.7% y-o-y over Jan-FebChinese imports of ferro-niobium totaled 4,435 tonnes in the first two months of 2020, recording a year-on-year drop of around 55.7% from about 10,010 tonnes over the corresponding period of 2019, according to official but unconfirmed data seen by Fastmarkets. http://www.metalbulletin.com/Article/3926314/China-ferro-niobium-imports-fall-557-y-o-y-over-Jan-Feb.htmlThu, 02 Apr 2020 13:40:00 GMTIRON ORE DAILY: Futures prices up, port trading active in stable marketSeaborne iron ore prices were stable on Thursday April 2, with futures prices on the Dalian Commodity Exchange and Singapore Exchange registering gains, and active physical trading in the Chinese port market. http://www.metalbulletin.com/Article/3926287/IRON-ORE-DAILY-Futures-prices-up-port-trading-active-in-stable-market.htmlThu, 02 Apr 2020 13:00:00 GMTItaly extends lockdown; steel assets expected to remain shut The Italian government has announced it will extend the lockdown in the country to manage the spread of the Covid-19 outbreak in the country, keeping already closed steel assets shuttered. http://www.metalbulletin.com/Article/3926283/Italy-extends-lockdown-steel-assets-expected-to-remain-shut.htmlThu, 02 Apr 2020 12:39:00 GMTBANGLADESH SCRAP: Import bookings continue despite lockdownSteelmakers in Bangladesh continued to book ferrous scrap imports over the week ended Thursday April 2 despite the country’s nationwide lockdown, which has forced some mills to reduce output, market sources have told Fastmarkets. http://www.metalbulletin.com/Article/3926285/BANGLADESH-SCRAP-Import-bookings-continue-despite-lockdown.htmlThu, 02 Apr 2020 12:22:00 GMTCOKING COAL DAILY: Quality spreads emerge as ex-China demand faltersQuality spreads across the premium hard coking coal segment are becoming sharper, with Chinese demand for low-vol materials robust while availability and demand for mid-vol materials are down due to the weak ex-China markets, sources told Fastmarkets.http://www.metalbulletin.com/Article/3926263/COKING-COAL-DAILY-Quality-spreads-emerge-as-ex-China-demand-falters.htmlThu, 02 Apr 2020 12:10:00 GMTPractical difficulties will outweigh logistical rules, instructions - SA producers Minor metals and ores and alloys producers that rely on shipping routes out of South Africa are warning that practical barriers to producing and transporting material outweigh any technical green light to export, amid conflicting instructions from the country’s authorities. http://www.metalbulletin.com/Article/3926288/Practical-difficulties-will-outweigh-logistical-rules-instructions-SA-producers.htmlThu, 02 Apr 2020 11:58:00 GMTCHINA HRC: Export offers fall amid strong competition abroadTrading activity in China’s domestic hot-rolled coil market rose on Thursday April 2 amid falling prices, but the export market remained quiet despite lower offers.http://www.metalbulletin.com/Article/3926275/CHINA-HRC-Export-offers-fall-amid-strong-competition-abroad.htmlThu, 02 Apr 2020 10:51:00 GMTFREE WEBINAR: Impact of coronavirus on steel supply chain, near-term market trends Join Fastmarkets’ free webinar on how the steel supply chain in Asia has responded to the novel coronavirus (2019-nCoV) outbreak, and what the next moves could be for the steel industry and its upstream raw materials. http://www.metalbulletin.com/Article/3922542/FREE-WEBINAR-Impact-of-coronavirus-on-steel-supply-chain-near-term-market-trends.htmlThu, 02 Apr 2020 10:22:00 GMTINFOGRAPHIC: Decoding the latest trends in Asia's ferrous scrap marketChanges in the Asian ferrous scrap trade flows have seen imports in Taiwan and Vietnam shrink in 2019, but both territories raised their intake of Japanese material after exporters in Japan lowered their prices to generate more sales abroad on weakening domestic demand.http://www.metalbulletin.com/Article/3926266/INFOGRAPHIC-Decoding-the-latest-trends-in-Asias-ferrous-scrap-market.htmlThu, 02 Apr 2020 09:55:00 GMTCHINA REBAR: Domestic prices pick up after early-hour declineChina’s domestic rebar prices were flat on Thursday April 2, amid rising futures and a tumbling billet market. http://www.metalbulletin.com/Article/3926274/CHINA-REBAR-Domestic-prices-pick-up-after-early-hour-decline.htmlThu, 02 Apr 2020 09:45:00 GMTLIVE FUTURES REPORT 02/04: Large 48kt inflow maintains LME Al under $1,500/tThe London Metal Exchange three-month aluminium price declined during morning trading on Thursday April 2, with a fresh inflow of more than 48,000 tonnes pressuring price action lower, while pandemic-related risk-aversion led the rest of the complex consolidate. http://www.metalbulletin.com/Article/3926276/LIVE-FUTURES-REPORT-0204-Large-48kt-inflow-maintains-LME-Al-under-1500t.htmlThu, 02 Apr 2020 09:40:00 GMTNewmont suspends Peñasquito lead-zinc mine on Mexico health emergency declaration Newmont will close its Peñasquito lead-zinc-silver mine in Mexico after the country mandated the immediate suspension of all non-essential business until April 30. http://www.metalbulletin.com/Article/3926273/Newmont-suspends-Peasquito-lead-zinc-mine-on-Mexico-health-emergency-declaration.htmlThu, 02 Apr 2020 09:34:00 GMTMORNING VIEW: Markets quiet as traders brace for US unemployment dataMarkets seem to be in the calm before the United States employment data storm this morning, Thursday April 2, with metals prices mixed, trading volume low and not much movement on equity indices for a change. http://www.metalbulletin.com/Article/3926268/MORNING-VIEW-Markets-quiet-as-traders-brace-for-US-unemployment-data.htmlThu, 02 Apr 2020 07:45:00 GMTTungsten concentrate price at 6-month low in China; APT export price holds in quiet marketChina’s black tungsten concentrate price declined to a six-month low this week on lower offers from traders and sluggish market demand, while the ammonium paratungstate (APT) export price remained steady with few trades heard.http://www.metalbulletin.com/Article/3926260/Tungsten-concentrate-price-at-6-month-low-in-China-APT-export-price-holds-in-quiet-market.htmlThu, 02 Apr 2020 05:38:00 GMTLIVE FUTURES REPORT 02/04: SHFE base metals prices mixed on rising risk aversionBase metals prices on the Shanghai Futures Exchange were mixed during the morning trading session on Thursday April 2, with the complex pressured by rising risk-off sentiment due to the ongoing Covid-19 pandemic.http://www.metalbulletin.com/Article/3926264/LIVE-FUTURES-REPORT-0204-SHFE-base-metals-prices-mixed-on-rising-risk-aversion.htmlThu, 02 Apr 2020 04:50:00 GMTGLOBAL NICKEL WRAP: US premiums on divergent paths; Asian market weakens, Europe flatProducer stoppages while the Covid-19 pandemic worsens caused nickel briquette premiums to rise in the United States this week, while Chinese nickel full-plate cathode premiums fell on steeper arbitrage losses.http://www.metalbulletin.com/Article/3926032/GLOBAL-NICKEL-WRAP-US-premiums-on-divergent-paths-Asian-market-weakens-Europe-flat.htmlThu, 02 Apr 2020 04:40:00 GMTIN CASE YOU MISSED IT: 5 key stories from April 1Here are five Fastmarkets stories you might have missed on Wednesday April 1 that are worth another look.http://www.metalbulletin.com/Article/3926256/IN-CASE-YOU-MISSED-IT-5-key-stories-from-April-1.htmlWed, 01 Apr 2020 23:05:00 GMTFOCUS: South Africa’s Covid-19 lockdown underlines over-dependencies in cobalt supply chainSouth Africa’s 21-day lockdown aimed at curbing the spread of the Covid-19 virus has highlighted the cobalt market’s dependence on the shipping route out of Durban. http://www.metalbulletin.com/Article/3926014/FOCUS-South-Africas-Covid-19-lockdown-underlines-over-dependencies-in-cobalt-supply-chain.htmlWed, 01 Apr 2020 19:48:00 GMTCIS STEEL BILLET: Daily index price lowest since October 2016Prices in the CIS export billet market continued to slide on Wednesday April 1, in line with lower bids received amid the reduced trading activity. http://www.metalbulletin.com/Article/3926213/CIS-STEEL-BILLET-Daily-index-price-lowest-since-October-2016.htmlWed, 01 Apr 2020 18:57:00 GMTCOBALT SNAPSHOT: Weakening metal demand outweighs supply-side Covid-19 responses Key data from the April 1 pricing session in London. http://www.metalbulletin.com/Article/3926230/COBALT-SNAPSHOT-Weakening-metal-demand-outweighs-supply-side-Covid-19-responses.htmlWed, 01 Apr 2020 18:30:00 GMTIranian billet sellers find support in GCC marketIranian steel billet producers have returned to the market after the Nowruz break for the country’s new year celebrations, and they had new offer prices despite a state of semi-lockdown in the country due to the Covid-19 pandemic. http://www.metalbulletin.com/Article/3926221/Iranian-billet-sellers-find-support-in-GCC-market.htmlWed, 01 Apr 2020 18:25:00 GMTMINOR METALS MARKET REPORT 01/04: Antimony softens amid sparse trade; bismuth weak on slow demandAn overview of the minor metals markets and the reasons for their latest price moves.http://www.metalbulletin.com/Article/3926216/MINOR-METALS-MARKET-REPORT-0104-Antimony-softens-amid-sparse-trade-bismuth-weak-on-slow-demand.htmlWed, 01 Apr 2020 18:13:00 GMTSpanish steel industry finally confirmed as ‘essential’; production to continue but at slower paceSpain's Ministry of Industry, Trade & Tourism has finally confirmed the steel industry is considered “essential” and can continue operating, albeit at a slower pace, the Spanish steel distributors association, UAHE, said on Wednesday April 1. http://www.metalbulletin.com/Article/3926222/Spanish-steel-industry-finally-confirmed-as-essential-production-to-continue-but-at-slower-pace.htmlWed, 01 Apr 2020 17:55:00 GMTLIVE FUTURES REPORT 01/04: LME copper price holds at $4,800/t; Al sinks below $1,500/tThe three-month copper price on the London Metal Exchange was lower at the close of trading on Wednesday April 1, with price action shedding some $133.50 per tonne against moderate volumes, while continued inflows saw aluminium futures dip below nearby support. http://www.metalbulletin.com/Article/3926223/LIVE-FUTURES-REPORT-0104-LME-copper-price-holds-at-4800t-Al-sinks-below-1500t.htmlWed, 01 Apr 2020 17:51:00 GMTEUROPE HRC: Sentiment gloomy, prices stable in slow marketThe mood in the European market for hot-rolled coil has been downbeat but prices have remained stable despite limited trading activity, sources told Fastmarkets on Wednesday April 1. http://www.metalbulletin.com/Article/3926215/EUROPE-HRC-Sentiment-gloomy-prices-stable-in-slow-market.htmlWed, 01 Apr 2020 17:50:00 GMTEUROPE SECTIONS: Prices edge downward as trading fadesPrices for hollow steel sections in Northern and Southern Europe have moved down this week with trading activity continuing to decline, sources told Fastmarkets on Wednesday April 1. http://www.metalbulletin.com/Article/3926211/EUROPE-SECTIONS-Prices-edge-downward-as-trading-fades.htmlWed, 01 Apr 2020 17:15:00 GMTEUROPE BEAMS: Lack of clear direction causes market uncertaintyThe price of steel H-beams in Southern Europe moved down on Wednesday April 1 due to continuing uncertainty over the impact of the Covid-19 virus, sources told Fastmarkets. http://www.metalbulletin.com/Article/3926206/EUROPE-BEAMS-Lack-of-clear-direction-causes-market-uncertainty.htmlWed, 01 Apr 2020 17:07:00 GMTEUROPE WIRE ROD: Prices flat or falling on limited market activitySteel wire rod prices in Europe were stable or slightly lower this week because demand was limited by the circumstances of the Covid-19 pandemic, sources told Fastmarkets on Wednesday April 1. http://www.metalbulletin.com/Article/3926204/EUROPE-WIRE-ROD-Prices-flat-or-falling-on-limited-market-activity.htmlWed, 01 Apr 2020 16:47:00 GMTNOBLE ALLOYS MARKET REPORT 01/04: Tailings dam spill at Chinese molybdenum miner pushes prices upAn overview of the noble alloys markets and the reasons for any price moves.http://www.metalbulletin.com/Article/3926162/NOBLE-ALLOYS-MARKET-REPORT-0104-Tailings-dam-spill-at-Chinese-molybdenum-miner-pushes-prices-up.htmlWed, 01 Apr 2020 16:29:00 GMTRussia lockdown prompts ferro-titanium short-covering After months of virtual inactivity, supply worries from Russia, a major exporter of ferro-titanium to Europe, have sparked upward movement in European spot prices that may trend higher in the near term, trade sources told Fastmarkets. http://www.metalbulletin.com/Article/3926209/Russia-lockdown-prompts-ferro-titanium-short-covering.htmlWed, 01 Apr 2020 16:10:00 GMTSouth African port authority seeks to revoke decision to reopen Durban port for metal exports The South African port authority is looking to reserve Durban port for the shipment of essential goods only, revoking a separate statement by the country’s maritime authority to allow processing of metals cargoes during the 21-day lockdown, Fastmarkets has learned. http://www.metalbulletin.com/Article/3926205/South-African-port-authority-seeks-to-revoke-decision-to-reopen-Durban-port-for-metal-exports.htmlWed, 01 Apr 2020 15:52:00 GMTEUROPE REBAR: Prices up in South on limited availability, steady in NorthDomestic prices for steel rebar were unchanged in Northern Europe but slightly up in Southern Europe because of an increase in trading in Italy, before the full effects of the Covid-19-related lockdown came into force, sources told Fastmarkets on Wednesday April 1. http://www.metalbulletin.com/Article/3926159/EUROPE-REBAR-Prices-up-in-South-on-limited-availability-steady-in-North.htmlWed, 01 Apr 2020 15:45:00 GMTSUBSCRIBER NOTICE: Suspension of Asia-hours Live Futures Reports Fastmarkets will suspend the publication of the first Live Futures Report of the day from Monday April 6. http://www.metalbulletin.com/Article/3926071/SUBSCRIBER-NOTICE-Suspension-of-Asia-hours-Live-Futures-Reports.htmlWed, 01 Apr 2020 15:28:00 GMTDAILY SCRAP REPORT: Covid-19 outbreak keeps market quietTurkish steel producers remained quiet in the deep-sea scrap import markets while suppliers were unwilling to sell at current price levels, sources said on Wednesday April 1.http://www.metalbulletin.com/Article/3926164/DAILY-SCRAP-REPORT-Covid-19-outbreak-keeps-market-quiet.htmlWed, 01 Apr 2020 15:27:00 GMTKey takeaways from the latest Stainless Steels Market TrackerThe latest forecasts from Fastmarkets' team of analysts are ready to view.http://www.metalbulletin.com/Article/3926168/Key-takeaways-from-the-latest-Stainless-Steels-Market-Tracker.htmlWed, 01 Apr 2020 15:15:00 GMTTITANIUM SNAPSHOT: Russia’s virus lockdown boosts European alloy price Key data from Fastmarkets’ pricing session in Europe on Wednesday April 1. http://www.metalbulletin.com/Article/3926156/TITANIUM-SNAPSHOT-Russias-virus-lockdown-boosts-European-alloy-price.htmlWed, 01 Apr 2020 14:50:00 GMTTeck suspends 2020 production guidance, slows Highland Valley Copper to 80-85% Teck Resources has suspended its 2020 production guidance due to the high degree of uncertainty associated with the Covid-19 pandemic and has reduced production at its Highland Valley Copper (HVC) operations to 80-85% of normal levels. http://www.metalbulletin.com/Article/3926099/Teck-suspends-2020-production-guidance-slows-Highland-Valley-Copper-to-80-85.htmlWed, 01 Apr 2020 14:30:00 GMTKey takeaways from the latest Ferro-Alloys Market TrackerThe latest forecasts from Fastmarkets’ team of analysts are ready to view.http://www.metalbulletin.com/Article/3926158/Key-takeaways-from-the-latest-Ferro-Alloys-Market-Tracker.htmlWed, 01 Apr 2020 14:26:00 GMTJAPAN SCRAP EXPORTS: Price drops cushioned by lower collection ratesPrices for Japanese ferrous scrap continued to soften over the past week, but the scale of the decline was tempered by falling collection volumes, market sources told Fastmarkets on Wednesday April 1. http://www.metalbulletin.com/Article/3926067/JAPAN-SCRAP-EXPORTS-Price-drops-cushioned-by-lower-collection-rates.htmlWed, 01 Apr 2020 14:08:00 GMTCOKING COAL DAILY: Seaborne prices drop; bearish sentiment spreads to ChinaSeaborne coking coal prices fell on Wednesday April 1, with buyers bearish and traders standing by. http://www.metalbulletin.com/Article/3926058/COKING-COAL-DAILY-Seaborne-prices-drop-bearish-sentiment-spreads-to-China.htmlWed, 01 Apr 2020 13:56:00 GMTTurkish flat steel imports up 25% in FebruaryTurkey imported 629,346 tonnes of flat steel in February 2020, up 25.49% from 501,513 tonnes in the corresponding month of 2019, according to the Turkish Statistical Institute (TUIK).http://www.metalbulletin.com/Article/3926063/Turkish-flat-steel-imports-up-25-in-February.htmlWed, 01 Apr 2020 12:45:00 GMTGLOBAL COPPER WRAP: VAT cut rumor pushes Shanghai premiums higher; US and European markets freezeCopper premiums are rising in China due to suppliers shutting amid global lockdowns and logistics in key producing regions being stretched. A rumor that China will cut VAT is also fueling buying. Meanwhile trade flows, especially in South and East Asia, are in a state of flux.http://www.metalbulletin.com/Article/3926053/GLOBAL-COPPER-WRAP-VAT-cut-rumor-pushes-Shanghai-premiums-higher-US-and-European-markets-freeze.htmlWed, 01 Apr 2020 12:22:00 GMTShanghai-bonded copper inventory rise slows on resumed trading activity; nickel registers stock drop Trading interest for bonded copper returned in March - especially in the latter half - capping the rise in copper inventories in Shanghai-bonded warehouses in the month to March 31, while nickel registered a stock decline on intermittent arbitrage opportunities. http://www.metalbulletin.com/Article/3926057/Shanghai-bonded-copper-inventory-rise-slows-on-resumed-trading-activity-nickel-registers-stock-drop.htmlWed, 01 Apr 2020 12:11:00 GMTIRON ORE DAILY: Prices inch lower on China's weakening steel marketSeaborne iron ore prices managed to stay above $80 per tonne cfr on Wednesday April 1 despite weakening from a day earlier amid a softening rebar market in China.http://www.metalbulletin.com/Article/3926056/IRON-ORE-DAILY-Prices-inch-lower-on-Chinas-weakening-steel-market.htmlWed, 01 Apr 2020 12:00:00 GMTChina extends NEV purchase subsidy, purchase tax exemption policy China will extend the new energy vehicle (NEV) purchase subsidy and purchase tax exemption policy for two years in an effort to support consumption and mitigate the impact of the Covid-19 pandemic on the economy. http://www.metalbulletin.com/Article/3926049/China-extends-NEV-purchase-subsidy-purchase-tax-exemption-policy.htmlWed, 01 Apr 2020 11:10:00 GMTCHINA REBAR: Downtrend persists amid falling futuresChina domestic rebar prices continued to decline on Wednesday April 1 amid a weakening futures market, which sapped buying interest. http://www.metalbulletin.com/Article/3926052/CHINA-REBAR-Downtrend-persists-amid-falling-futures.htmlWed, 01 Apr 2020 11:00:00 GMTGLOBAL ZINC & LEAD WRAP: Spot trading interest for zinc, lead lackluster on industrial shutdowns Spot appetite for zinc and lead was minimal in the week to Tuesday March 31, with industrial activities scaled down amid the global Covid-19 outbreak. http://www.metalbulletin.com/Article/3926050/GLOBAL-ZINC-and-LEAD-WRAP-Spot-trading-interest-for-zinc-lead-lackluster-on-industrial-shutdowns.htmlWed, 01 Apr 2020 10:40:00 GMTCHINA HRC: Lower export offers emerge amid weakening domestic market China’s domestic hot-rolled coil prices tumbled on Wednesday April 1 amid thin trading, which forced mills to lower their export offers to avoid bigger losses.http://www.metalbulletin.com/Article/3926044/CHINA-HRC-Lower-export-offers-emerge-amid-weakening-domestic-market.htmlWed, 01 Apr 2020 10:34:00 GMTKey takeaways from the latest Welded Linepipe & OCTG Market TrackerThe latest forecasts from Fastmarkets’ team of analysts are ready to view.http://www.metalbulletin.com/Article/3926038/Key-takeaways-from-the-latest-Welded-Linepipe-and-OCTG-Market-Tracker.htmlWed, 01 Apr 2020 09:22:00 GMTLIVE FUTURES REPORT 01/04: LME base metals prices weaken on waning optimismThree-month base metals prices on the London Metal Exchange were capped during the morning session on Wednesday April 1, with the previous day’s gains wiped out after a brief rally precipitated by positive data from China and month-end book squaring abruptly halted.http://www.metalbulletin.com/Article/3926039/LIVE-FUTURES-REPORT-0104-LME-base-metals-prices-weaken-on-waning-optimism.htmlWed, 01 Apr 2020 09:20:00 GMTMetinvest may stop slab output at Azovstal on lockdown in ItalyUkrainian steelmaker Metinvest may put a complete stop to slab production at its Azovstal facility in Mariupol if quarantine measures in Italy, where two of the company’s rolling mills are located, are extended after April 3, the company said on Tuesday March 31. http://www.metalbulletin.com/Article/3926007/Metinvest-may-stop-slab-output-at-Azovstal-on-lockdown-in-Italy.htmlWed, 01 Apr 2020 09:04:00 GMTKey takeaways from the latest Base Metals Market TrackerThe latest forecast from Fastmarkets’ team of analysts is ready to view.http://www.metalbulletin.com/Article/3926036/Key-takeaways-from-the-latest-Base-Metals-Market-Tracker.htmlWed, 01 Apr 2020 08:16:00 GMTMORNING VIEW: Volatility in metals prices likely to increase ahead of key economic dataChina’s Caixin manufacturing purchasing managers’ index (PMI) was released earlier on Wednesday April 1; it rebounded to 50.1 in March from 40.3 in February, which supports the rebound in the official PMI data released on Tuesday - another sign that purchasing managers reported conditions were just “better” in March than they were a month earlier.http://www.metalbulletin.com/Article/3926031/MORNING-VIEW-Volatility-in-metals-prices-likely-to-increase-ahead-of-key-economic-data.htmlWed, 01 Apr 2020 07:09:00 GMTLIVE FUTURES REPORT 01/04: Most SHFE base metals prices supported by China’s better-than-expected dataBase metals prices on the Shanghai Futures Exchange were broadly up during the morning trading session on Wednesday April 1, with the complex buoyed by the release of better-than-expected data from China.http://www.metalbulletin.com/Article/3926029/LIVE-FUTURES-REPORT-0104-Most-SHFE-base-metals-prices-supported-by-Chinas-better-than-expected-data.htmlWed, 01 Apr 2020 05:40:00 GMTImports start to weigh on China's plate pricesChina’s plate export market remained quiet over the past week, though mills started to come under pressure to lower prices amid rising imports of the product as well as slab.http://www.metalbulletin.com/Article/3926027/Imports-start-to-weigh-on-Chinas-plate-prices.htmlWed, 01 Apr 2020 04:55:00 GMTGLOBAL ALUMINIUM WRAP: Rotterdam duty-paid premium sinks to 14-month low; US, Japanese markets also weakenThe duty-paid Rotterdam premium sank to a 14-month low on Tuesday March 31, while premiums also declined in the United States and Japan, as disruptions stemming from the Covid-19 pandemic continue to stifle demand.http://www.metalbulletin.com/Article/3926016/GLOBAL-ALUMINIUM-WRAP-Rotterdam-duty-paid-premium-sinks-to-14-month-low-US-Japanese-markets-also.htmlWed, 01 Apr 2020 04:31:00 GMTHOTTER ON METALS: US infrastructure bill idea revived as Covid-19 tightens gripA much vaunted infrastructure bill could be back on the agenda again while the United States moves to shore up its economy and stem job losses amid the Covid-19 pandemic.http://www.metalbulletin.com/Article/3926021/HOTTER-ON-METALS-US-infrastructure-bill-idea-revived-as-Covid-19-tightens-grip.htmlWed, 01 Apr 2020 02:46:00 GMTIN CASE YOU MISSED IT: 5 key stories from March 31Here are five Fastmarkets stories you might have missed on Tuesday March 31 that are worth another look.http://www.metalbulletin.com/Article/3926020/IN-CASE-YOU-MISSED-IT-5-key-stories-from-March-31.htmlTue, 31 Mar 2020 23:05:00 GMTMexican ferrous scrap prices rise on currency volatility, low generationFerrous scrap prices in the Mexican steelmaking regions of Monterrey and Bajio rose during the week ended Friday March 27 - bucking the trend in global markets - due to a strong devaluation of the peso.http://www.metalbulletin.com/Article/3926012/Mexican-ferrous-scrap-prices-rise-on-currency-volatility-low-generation.htmlTue, 31 Mar 2020 20:49:00 GMTWEEKLY BASE METAL PREMIUMS REPORT: 31/03A summary of base metals premiums from across the globe for the week to Tuesday March 31.http://www.metalbulletin.com/Article/3925979/WEEKLY-BASE-METAL-PREMIUMS-REPORT-3103.htmlTue, 31 Mar 2020 20:26:00 GMTAfrican lockdowns cause month-long delivery delays for copper cargoes The closure of borders and reduced port operations across African countries have led to month-long delays of copper cargoes, while suppliers have raced to re-route goods over the past week. http://www.metalbulletin.com/Article/3925980/African-lockdowns-cause-month-long-delivery-delays-for-copper-cargoes.htmlTue, 31 Mar 2020 18:35:00 GMTEUROPE HRC: Domestic prices stable in slow marketEuropean domestic prices for hot-rolled coil were almost unchanged day on day in a slow market, sources told Fastmarkets on Tuesday March 31. http://www.metalbulletin.com/Article/3925989/EUROPE-HRC-Domestic-prices-stable-in-slow-market.htmlTue, 31 Mar 2020 17:55:00 GMTLIVE FUTURES REPORT 31/03: LME base metals prices buoyed by positive China dataThree-month base metals prices on the London Metal Exchange broadly closed up from values at the previous day’s kerb on Tuesday March 31, buoyed by residual optimism following the release of positive manufacturing data from China earlier the same day. http://www.metalbulletin.com/Article/3925983/LIVE-FUTURES-REPORT-3103-LME-base-metals-prices-buoyed-by-positive-China-data.htmlTue, 31 Mar 2020 17:30:00 GMTGULF FLAT STEEL IMPORTS: All prices down on soft demandFlat steel import prices in the United Arab Emirates and Saudi Arabia have fallen by around $10-20 per tonne over the past week, with the market very slow because of concerns about the spread of the Covid-19 pandemic, sources told Fastmarkets on Tuesday March 31. http://www.metalbulletin.com/Article/3925896/GULF-FLAT-STEEL-IMPORTS-All-prices-down-on-soft-demand.htmlTue, 31 Mar 2020 17:12:00 GMTGULF STEEL BILLET, REBAR: Prices fall sharply on weak tradingThe prices for steel rebar and billet in the United Arab Emirates have decreased sharply over the past week, with demand very weak amid concerns about the spread of the Covid-19 pandemic, market sources said on Tuesday March 31. http://www.metalbulletin.com/Article/3925893/GULF-STEEL-BILLET-REBAR-Prices-fall-sharply-on-weak-trading.htmlTue, 31 Mar 2020 16:45:00 GMTDAILY SCRAP REPORT: Mills go silent in deep-sea markets amid virus outbreakThe Turkish steel mills have gone quiet in the deep-sea scrap markets after the recent sharp fall in prices, with more mills shutting down their operations due to the Covid-19 pandemic, sources said on Tuesday March 31. http://www.metalbulletin.com/Article/3925891/DAILY-SCRAP-REPORT-Mills-go-silent-in-deep-sea-markets-amid-virus-outbreak.htmlTue, 31 Mar 2020 16:04:00 GMTArcelorMittal to idle Romanian steelmaking site from April 1ArcelorMittal will temporarily stop production at its Romanian facility to combat the Covid-19 pandemic, Fastmarkets heard on Tuesday March 31. http://www.metalbulletin.com/Article/3925890/ArcelorMittal-to-idle-Romanian-steelmaking-site-from-April-1.htmlTue, 31 Mar 2020 16:02:00 GMTTECH & ELECTRONICS: Track the downstream impact of novel coronavirus The spread of the Covid-19 virus is causing disruption to immediate supply chains and future demand forecasts across the technology and consumer electronics sector. http://www.metalbulletin.com/Article/3924582/TECH-and-ELECTRONICS-Track-the-downstream-impact-of-novel-coronavirus.htmlTue, 31 Mar 2020 15:30:00 GMTChinese refined tin imports increase eightfold amid Covid-19 lockdownImports of refined tin into China increased by more than 800% year on year during the country’s imposed Covid-19 lockdown over the January-February period, recent customs data from the country shows. http://www.metalbulletin.com/Article/3925854/Chinese-refined-tin-imports-increase-eightfold-amid-Covid-19-lockdown.htmlTue, 31 Mar 2020 13:20:00 GMTCIS STEEL SLAB: Prices crash on lack of demand, increased competitionSteel slab export prices from the Commonwealth of Independent States (CIS) region fell sharply in the week ended Monday March 30 due to the lack of demand in almost all markets as well as increased competition both inside and outside the region. http://www.metalbulletin.com/Article/3925851/CIS-STEEL-SLAB-Prices-crash-on-lack-of-demand-increased-competition.htmlTue, 31 Mar 2020 12:35:00 GMTIRON ORE DAILY: China manufacturing PMI rebound supports prices The seaborne iron ore market stabilized on Tuesday March 31 after the prior day’s loss of more than $3 per tonne, attributed to a rebound in China’s official manufacturing purchasing managers’ index (PMI) and a slight boost in trading volumes. http://www.metalbulletin.com/Article/3925852/IRON-ORE-DAILY-China-manufacturing-PMI-rebound-supports-prices.htmlTue, 31 Mar 2020 12:11:00 GMTSteel industry seeks clarity on Spanish order for non-essential production shutdown The Spanish steel industry has demanded clarification from the government following a March 29 decree to shut down all non-essential production as part of the battle to contain the Covid-19 pandemic, Fastmarkets heard on Tuesday March 31. http://www.metalbulletin.com/Article/3925827/Steel-industry-seeks-clarity-on-Spanish-order-for-non-essential-production-shutdown.htmlTue, 31 Mar 2020 11:48:00 GMTAsian slab import prices pressured sharply lower by softening HRC prices, Covid-19 epidemic Import prices for steel slab in Southeast Asia and East Asia tracked losses in the downstream hot-rolled coil market against the gloomy backdrop of the novel coronavirus (Covid-19) pandemic. http://www.metalbulletin.com/Article/3925845/Asian-slab-import-prices-pressured-sharply-lower-by-softening-HRC-prices-Covid-19-epidemic.htmlTue, 31 Mar 2020 11:44:00 GMTCOKING COAL DAILY: Seaborne prices drop further on bearish outlook Seaborne coking coal prices fell across the board on Tuesday March 31, with market participants expecting further price declines due to weak demand outside China. http://www.metalbulletin.com/Article/3925846/COKING-COAL-DAILY-Seaborne-prices-drop-further-on-bearish-outlook.htmlTue, 31 Mar 2020 11:37:00 GMTCHINA HRC: Further price drops fuel concerns over losses among millsChina’s domestic hot-rolled coil prices continued to fall on Tuesday March 31, leaving market participants with the expectation that some flat steel producers would be making losses for some time. http://www.metalbulletin.com/Article/3925842/CHINA-HRC-Further-price-drops-fuel-concerns-over-losses-among-mills.htmlTue, 31 Mar 2020 10:35:00 GMTMIIT calls for more stimulus policies to support China’s car industry Xin Guobin, Deputy Minister of Industry and Information Technology (MIIT), has urged regional officials to speed up the introduction of policies to boost automobile consumption. http://www.metalbulletin.com/Article/3925836/MIIT-calls-for-more-stimulus-policies-to-support-Chinas-car-industry.htmlTue, 31 Mar 2020 10:15:00 GMTLIVE FUTURES REPORT 31/03: LME zinc price up 1.5% after 8kt fresh cancelation; copper above $4,800/tThe three-month zinc price on the London Metal Exchange was higher during morning trading on Tuesday March 31, with upward price action supported by an 8,825-tonne fresh cancelation, while strong Chinese purchasing managers’ index (PMI) data bolstered the base metals complex. http://www.metalbulletin.com/Article/3925841/LIVE-FUTURES-REPORT-3103-LME-zinc-price-up-15-after-8kt-fresh-cancelation-copper-above-4800t.htmlTue, 31 Mar 2020 09:55:00 GMTCHINA REBAR: Price decreases slow amid release of higher PMI China’s domestic rebar prices decreased further on Tuesday March 31 amid declining futures, though the pessimism among market participants decreased following the release of a higher manufacturing purchasing managers’ index (PMI) as well as that for the steel sector. http://www.metalbulletin.com/Article/3925835/CHINA-REBAR-Price-decreases-slow-amid-release-of-higher-PMI.htmlTue, 31 Mar 2020 09:45:00 GMTChina’s CRC, HDG export prices decline on sluggish demand amid continuing Covid-19 pandemicExport prices for Chinese cold-rolled coil and hot-dipped galvanized coil fell over the past week on poor demand amid the continuing Covid-19 pandemic outside of China.http://www.metalbulletin.com/Article/3925829/Chinas-CRC-HDG-export-prices-decline-on-sluggish-demand-amid-continuing-Covid-19-pandemic.htmlTue, 31 Mar 2020 08:48:00 GMTVietnam enters lockdown, Toyota suspends vehicle production indefinitelyVietnam will come under a 15-day lockdown from April 1, the country’s health ministry said on Tuesday March 31. http://www.metalbulletin.com/Article/3925803/Vietnam-enters-lockdown-Toyota-suspends-vehicle-production-indefinitely.htmlTue, 31 Mar 2020 08:00:00 GMTMORNING VIEW: Base metals prices find support from China’s better manufacturing dataChina’s official manufacturing purchasing managers’ index (PMI) rebounded to 52 in March, after 35.7 in February, which means 52% of purchasing managers reported conditions were “better” in March than they were a month earlier. http://www.metalbulletin.com/Article/3925824/MORNING-VIEW-Base-metals-prices-find-support-from-Chinas-better-manufacturing-data.htmlTue, 31 Mar 2020 07:44:00 GMTLIVE FUTURES REPORT 31/03: Most SHFE base metals prices up on renewed positivity; Cu climbs 1.6%With the exception of that for nickel, base metals prices on the Shanghai Futures Exchange were up at the close of the morning trading session on Tuesday March 31.http://www.metalbulletin.com/Article/3925802/LIVE-FUTURES-REPORT-3103-Most-SHFE-base-metals-prices-up-on-renewed-positivity-Cu-climbs-16.htmlTue, 31 Mar 2020 05:30:00 GMTIN CASE YOU MISSED IT: 5 key stories from March 30Here are five Fastmarkets stories you might have missed on Monday March 30 that are worth another look.http://www.metalbulletin.com/Article/3925795/IN-CASE-YOU-MISSED-IT-5-key-stories-from-March-30.htmlMon, 30 Mar 2020 23:05:00 GMTEUROPE HRC WRAP: Market quiet on pandemic effects, sentiment largely bearishDomestic prices for hot-rolled coil in Northern Europe were fairly stable last week due to falls in demand and production cuts caused by the Covid-19 pandemic. http://www.metalbulletin.com/Article/3925768/EUROPE-HRC-WRAP-Market-quiet-on-pandemic-effects-sentiment-largely-bearish.htmlMon, 30 Mar 2020 20:18:00 GMTCIS LONG STEEL: Lack of demand, falling scrap costs send long steel prices downwardExport prices for steel rebar and wire rod from the Commonwealth of Independent States (CIS) fell sharply in the week to Monday March 30 amid the lack of demand in almost all markets due to the Covid-19 pandemic, as well as the recent dramatic drop in scrap costs. http://www.metalbulletin.com/Article/3925773/CIS-LONG-STEEL-Lack-of-demand-falling-scrap-costs-send-long-steel-prices-downward.htmlMon, 30 Mar 2020 18:17:00 GMTEUROPE HRC: Domestic prices stable but sentiment gloomyEuropean domestic prices for hot-rolled coil have been fairly stable over the past week due to slow market activity, sources told Fastmarkets on Monday March 30. http://www.metalbulletin.com/Article/3925772/EUROPE-HRC-Domestic-prices-stable-but-sentiment-gloomy.htmlMon, 30 Mar 2020 17:52:00 GMTHOTTER ON METALS: Mine finance requests step up amid Covid-19The Covid-19 pandemic has opened up financing opportunities for metals and mining-focused investment firms. It’s also created a problem. http://www.metalbulletin.com/Article/3925764/HOTTER-ON-METALS-Mine-finance-requests-step-up-amid-Covid-19.htmlMon, 30 Mar 2020 17:28:00 GMTLIVE FUTURES REPORT 30/03: LME aluminium price sinks 1.4% to hit 4-yr low at close; lead pushes past $1,700/tThe three-month aluminium price on the London Metal Exchange continued its decline at the close of trading on Monday March 30, settling at its lowest level since April 2016, while a steady uptick in lead saw its outright price close at a two-week high. http://www.metalbulletin.com/Article/3925767/LIVE-FUTURES-REPORT-3003-LME-aluminium-price-sinks-14-to-hit-4-yr-low-at-close-lead-pushes-past-1700t.htmlMon, 30 Mar 2020 17:20:00 GMTRUSSIA FLAT STEEL: Prices largely flat on slow trading ahead of unexpected holidayFlat steel prices in Russia’s Central Federal District around Moscow have been stable or slightly higher in the past week, with trading activity reported to be slowing down due to quarantine measures intended to control the Covid-19 pandemic, sources told Fastmarkets on Monday March 30. http://www.metalbulletin.com/Article/3925619/RUSSIA-FLAT-STEEL-Prices-largely-flat-on-slow-trading-ahead-of-unexpected-holiday.htmlMon, 30 Mar 2020 16:47:00 GMTFOCUS: Copper scrap suppliers put spot tonnages on hold on low metal prices Spot availability of copper scrap is now being limited by a plummeting commodity price in March because suppliers have refused to destock at the price level.http://www.metalbulletin.com/Article/3925761/FOCUS-Copper-scrap-suppliers-put-spot-tonnages-on-hold-on-low-metal-prices.htmlMon, 30 Mar 2020 16:39:00 GMTCIS FLAT STEEL: Offer prices drop in attempts to create demandFlat steel exporters from the Commonwealth of Independent States (CIS) reduced their offer prices again during the week ended Monday March 30, trying to spur demand. http://www.metalbulletin.com/Article/3925758/CIS-FLAT-STEEL-Offer-prices-drop-in-attempts-to-create-demand.htmlMon, 30 Mar 2020 16:27:00 GMTSpot zinc concentrate TCs swing from highs to lows as key mining regions hit lockdownZinc concentrate treatment charges (TCs) are dropping in China with smelters and traders scrambling to cover shortfalls in supply feed left by shuttered mines.http://www.metalbulletin.com/Article/3925722/Spot-zinc-concentrate-TCs-swing-from-highs-to-lows-as-key-mining-regions-hit-lockdown.htmlMon, 30 Mar 2020 16:18:00 GMTSteel import prices tumble in South America as Covid-19 pandemic dents demandFlat-rolled steel import prices dipped in South America over the past week, after actions designed to contain the Covid-19 pandemic resulted in a reduction in the expected import orders for May shipment. http://www.metalbulletin.com/Article/3925719/Steel-import-prices-tumble-in-South-America-as-Covid-19-pandemic-dents-demand.htmlMon, 30 Mar 2020 16:04:00 GMTINDIA LOCKDOWN: Import trading pauses while logistics nightmare strands material at ports The lockdown in India has caused a variety of logistical issues resulting in imported scrap material becoming stranded at ports and leading to potentially large charges at a time when trading has come to a sudden halt, market sources have told Fastmarkets. http://www.metalbulletin.com/Article/3925634/INDIA-LOCKDOWN-Import-trading-pauses-while-logistics-nightmare-strands-material-at-ports.htmlMon, 30 Mar 2020 15:57:00 GMTRUSSIA REBAR: Producers increase offers citing seasonal upturn in end-user demandThe rebar price in Russia’s Central Federal District around Moscow increased in the week to Monday March 30, sources told Fastmarkets, mainly driven by seasonally better demand from the construction sector. http://www.metalbulletin.com/Article/3925689/RUSSIA-REBAR-Producers-increase-offers-citing-seasonal-upturn-in-end-user-demand.htmlMon, 30 Mar 2020 15:23:00 GMTDAILY SCRAP REPORT: Indices crash for the third time in two weeksTurkish deep-sea scrap import prices fell sharply for the third time in two weeks amid the Covid-19 pandemic, which has brought steel trade to a halt and led to closures or production cuts, sources said on Monday March 30.http://www.metalbulletin.com/Article/3925720/DAILY-SCRAP-REPORT-Indices-crash-for-the-third-time-in-two-weeks.htmlMon, 30 Mar 2020 15:13:00 GMTWEEKLY SCRAP WRAP: Prices crash further amid Covid-19 outbreakGlobal ferrous scrap prices continued to fall sharply in major markets during the working week from Monday March 23 to Friday March 27, because of the worsening Covid-19 pandemic. http://www.metalbulletin.com/Article/3925631/WEEKLY-SCRAP-WRAP-Prices-crash-further-amid-Covid-19-outbreak.htmlMon, 30 Mar 2020 14:50:00 GMTSouth Africa’s Covid-19 lockdown checks chrome ore, alloy price downtrend in China The downtrend in the UG2 chrome ore price was capped in the week to Friday March 27 after South Africa entered a 21-day lockdown to combat the spread of the Covid-19 virus, also lending support to the Chinese domestic high-carbon ferro-chrome market. http://www.metalbulletin.com/Article/3925629/South-Africas-Covid-19-lockdown-checks-chrome-ore-alloy-price-downtrend-in-China.htmlMon, 30 Mar 2020 14:48:00 GMTMaersk to suspend services on Asia-Europe network in Q2 Maersk Line, the world’s biggest container shipping company, will be suspending its North Europe (AE2) and Mediterranean (AE20) services on the Asia-Europe network during the second quarter of 2020. http://www.metalbulletin.com/Article/3925606/Maersk-to-suspend-services-on-Asia-Europe-network-in-Q2.htmlMon, 30 Mar 2020 14:31:00 GMTTURKEY FERROUS SCRAP: Local prices down on decline in import valuesTurkish domestic scrap prices have continued to fall in the past week, in line with the sharp downturn in imported scrap values due to the Covid-19 virus outbreak, sources said on Monday March 30.http://www.metalbulletin.com/Article/3925661/TURKEY-FERROUS-SCRAP-Local-prices-down-on-decline-in-import-values.htmlMon, 30 Mar 2020 14:25:00 GMTFerro-vanadium downtrend continues on weak consumer demand amid virus uncertainty Ferro-vanadium prices continued to move down last week in Europe and China on weakening consumer demand due to the impact of the Covid-19 pandemic on business operations. http://www.metalbulletin.com/Article/3925627/Ferro-vanadium-downtrend-continues-on-weak-consumer-demand-amid-virus-uncertainty.htmlMon, 30 Mar 2020 14:07:00 GMTChina alumina price drops 4% on smelter capacity closures The Chinese alumina price dropped sharply on Thursday March 26 on shrinking demand from aluminium smelters, several of whom put part of their capacity on maintenance to avoid further losses. http://www.metalbulletin.com/Article/3925601/China-alumina-price-drops-4-on-smelter-capacity-closures.htmlMon, 30 Mar 2020 14:00:00 GMTEMR announces cuts in UK operations due to coronavirusEuropean Metal Recycling (EMR) has shut down part of its operations in the UK due to the Covid-19 virus outbreak, the company said on its website on Friday March 27.http://www.metalbulletin.com/Article/3925624/EMR-announces-cuts-in-UK-operations-due-to-coronavirus.htmlMon, 30 Mar 2020 13:53:00 GMTGLOBAL BILLET WRAP: Sentiment down on Covid-19 pandemic, China importing againMost of the world’s markets for steel billet have been affected by the negative sentiment generated by the Covid-19 pandemic and the strong decreases in prices for ferrous scrap. Buyers in China, however, continued to import material. http://www.metalbulletin.com/Article/3925618/GLOBAL-BILLET-WRAP-Sentiment-down-on-Covid-19-pandemic-China-importing-again.htmlMon, 30 Mar 2020 13:50:00 GMTIRON ORE DAILY: Prices weaken as outlook for downstream sector turns sour Seaborne iron ore prices dropped closer to the $80-per-tonne level on Monday March 30 on plunging rebar prices in China and a negative outlook for downstream demand in April among some market participants. http://www.metalbulletin.com/Article/3925617/IRON-ORE-DAILY-Prices-weaken-as-outlook-for-downstream-sector-turns-sour.htmlMon, 30 Mar 2020 12:15:00 GMTCOKING COAL DAILY: Seaborne prices plummet on concerns about demandSeaborne coking coal prices plummeted on Monday March 30, with steel mills - especially those outside China - expected to cut output in the second quarter. http://www.metalbulletin.com/Article/3925594/COKING-COAL-DAILY-Seaborne-prices-plummet-on-concerns-about-demand.htmlMon, 30 Mar 2020 11:19:00 GMTCHINA HRC: Short-selling traders hesitate after mills announce production cuts China’s domestic hot-rolled coil prices fell further on Monday 30 amid thin trading, while exporters have started to think twice about short-selling after mills announced plans to cut production.http://www.metalbulletin.com/Article/3925614/CHINA-HRC-Short-selling-traders-hesitate-after-mills-announce-production-cuts.htmlMon, 30 Mar 2020 10:57:00 GMTAT A GLANCE: JFE Steel faces zero profit for first time in historyMajor Japanese steelmaker JFE Steel is facing the prospect of recording zero profit for the year ending March 2020 for the first time in its history due to global economic tensions and rising raw materials prices, it warned on Friday March 27.http://www.metalbulletin.com/Article/3925612/AT-A-GLANCE-JFE-Steel-faces-zero-profit-for-first-time-in-history.htmlMon, 30 Mar 2020 10:33:00 GMTLIVE FUTURES REPORT 30/03: Fresh 24kt inflow pressures LME aluminium price; risk-off sentiment sees complex weakerThe three-month aluminium price on the London Metal Exchange was lower during morning trading on Monday March 30, with price action falling by around 1.6% after more than 24,000 tonnes of metal was delivered back to LME-registered warehouses across Asia.http://www.metalbulletin.com/Article/3925608/LIVE-FUTURES-REPORT-3003-Fresh-24kt-inflow-pressures-LME-aluminium-price-risk-off-sentiment-sees.htmlMon, 30 Mar 2020 10:26:00 GMTCHINA REBAR: Rate cut sparks bearish sentiment China domestic rebar prices fell on Monday March 30 on pessimism over the recovery of demand in the country after its central bank cut the rate on seven-day reverse repurchase agreements by 20 basis points - the largest in nearly five years. http://www.metalbulletin.com/Article/3925613/CHINA-REBAR-Rate-cut-sparks-bearish-sentiment.htmlMon, 30 Mar 2020 10:00:00 GMTChina ferrous scrap prices plunge on destockingChina’s domestic prices for steel scrap decreased over the past week on bearish sentiment and destocking by sellers, market participants said. http://www.metalbulletin.com/Article/3925602/China-ferrous-scrap-prices-plunge-on-destocking.htmlMon, 30 Mar 2020 09:23:00 GMTKey takeaways from the latest Steel Raw Materials Weekly Market TrackerThe latest forecasts from Fastmarkets' team of analysts is ready to view.http://www.metalbulletin.com/Article/3925609/Key-takeaways-from-the-latest-Steel-Raw-Materials-Weekly-Market-Tracker.htmlMon, 30 Mar 2020 09:14:00 GMTMORNING VIEW: Base metals prices face numerous cross currentsMarkets were looking quite mixed this morning, Monday March 30, with most Asian-Pacific equity indices down, the pre-market Dow Jones Industrial Average up by 0.2%, oil prices down by around 5% and the base metals prices mixed.http://www.metalbulletin.com/Article/3925603/MORNING-VIEW-Base-metals-prices-face-numerous-cross-currents.htmlMon, 30 Mar 2020 08:38:00 GMTIncreasing risk of Covid-19 infections keeps Singapore rebar buyers awayThe increasing risk of Covid-19 infections in Singapore has kept rebar buyers from the island state away from the import markets, according to market participants.http://www.metalbulletin.com/Article/3925597/Increasing-risk-of-Covid-19-infections-keeps-Singapore-rebar-buyers-away.htmlMon, 30 Mar 2020 08:30:00 GMTCamu pitches streamlining, renaming of scrap in call to reopen Chinese market to importsThe China Association of Metalscrap Utilization (Camu) is urging the Chinese government to reopen the country to ferrous scrap imports to meet rising demand and reduce steelmaking costs.http://www.metalbulletin.com/Article/3925598/Camu-pitches-streamlining-renaming-of-scrap-in-call-to-reopen-Chinese-market-to-imports.htmlMon, 30 Mar 2020 08:20:00 GMTLIVE FUTURES REPORT 30/03: SHFE base metals prices retreat on surge in coronavirus casesBase metals prices on the Shanghai Futures Exchange were down across the board at the close of morning trading on Monday March 30, with aluminium leading the complex lower with a fall of 2.1%.http://www.metalbulletin.com/Article/3925595/LIVE-FUTURES-REPORT-3003-SHFE-base-metals-prices-retreat-on-surge-in-coronavirus-cases.htmlMon, 30 Mar 2020 05:48:00 GMTIN CASE YOU MISSED IT: 5 key stories from March 27Here are five Fastmarkets stories you might have missed on Friday March 27 that are worth another look.http://www.metalbulletin.com/Article/3925578/IN-CASE-YOU-MISSED-IT-5-key-stories-from-March-27.htmlSun, 29 Mar 2020 23:05:00 GMTArcelorMittal to idle No3 blast furnace in Brazil’s Tubarão facility ArcelorMittal will idle the No3 blast furnace at its integrated slab and flat steel Tubarão facility, in the country’s southeastern Espírito Santo state, because of impacts from the spread of the novel coronavirus, the company said on Friday March 27.http://www.metalbulletin.com/Article/3925573/ArcelorMittal-to-idle-No3-blast-furnace-in-Brazils-Tubaro-facility.htmlFri, 27 Mar 2020 22:07:00 GMTCOPPER CONCS SNAPSHOT: Europe, Japan, South Korean smelters cover tonnes from mining shutdown shortfallThe copper concentrate spot market has become active in Europe, Japan and South Korea as smelters look to cover tonnages disrupted by shutdowns and logistics hitches. Chinese smelters remain well covered. http://www.metalbulletin.com/Article/3925551/COPPER-CONCS-SNAPSHOT-Europe-Japan-South-Korean-smelters-cover-tonnes-from-mining-shutdown-shortfall.htmlFri, 27 Mar 2020 22:05:00 GMTGLOBAL MANGANESE SNAPSHOT: Covid-19 lockdown in South Africa sends portside ore prices in China rocketingKey data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 27. http://www.metalbulletin.com/Article/3925499/GLOBAL-MANGANESE-SNAPSHOT-Covid-19-lockdown-in-South-Africa-sends-portside-ore-prices-in-China.htmlFri, 27 Mar 2020 20:17:00 GMTMINOR METALS MARKET REPORT 27/03: Antimony pressured by slow demand; selenium gains on concluded dealsAn overview of the minor metals markets and the reasons for their latest price moves.http://www.metalbulletin.com/Article/3925542/MINOR-METALS-MARKET-REPORT-2703-Antimony-pressured-by-slow-demand-selenium-gains-on-concluded-deals.htmlFri, 27 Mar 2020 19:13:00 GMTLIVE FUTURES REPORT 27/03: LME copper closes below $4,800/t thresholdThe three-month copper price on the London Metal Exchange closed below the $4,800-per-tonne psychological threshold on Friday March 27, finishing at the day $4,790.50 per tonne with a turnover of just 11,475 lots. http://www.metalbulletin.com/Article/3925439/LIVE-FUTURES-REPORT-2703-LME-copper-closes-below-4800t-threshold.htmlFri, 27 Mar 2020 19:06:00 GMTUS PIG IRON: Market drop limited by reduced availability The pig iron market in the United States dropped again in the week to Friday March 27, but not as much as buyers anticipated because material availability fell considerably due to heavy sales to China.http://www.metalbulletin.com/Article/3925549/US-PIG-IRON-Market-drop-limited-by-reduced-availability.htmlFri, 27 Mar 2020 18:34:00 GMTEUROPE ALLOY STEEL SCRAP: Supply scarce but prices plunge on lower demandThe price of austenitic alloy steel scrap in Europe plunged this week because of a sharp drop in demand, despite a lack of availability, sources told Fastmarkets on Friday March 27.http://www.metalbulletin.com/Article/3925548/EUROPE-ALLOY-STEEL-SCRAP-Supply-scarce-but-prices-plunge-on-lower-demand.htmlFri, 27 Mar 2020 18:20:00 GMTINDIA IMPORT SCRAP: Market collapses on lockdown order, price drops $44The price of ferrous scrap imported into India plummeted this week after the announcement of a 21-day lockdown across the country, sources told Fastmarkets on Friday March 27. http://www.metalbulletin.com/Article/3925541/INDIA-IMPORT-SCRAP-Market-collapses-on-lockdown-order-price-drops-44.htmlFri, 27 Mar 2020 18:18:00 GMTCIS STEEL BILLET: Prices keep sliding; demand mainly seen in ChinaPrices in the export billet market in the Commonwealth of Independent States continued to weaken in the week to Friday March 27 on declining scrap prices in Turkey and a lack of demand.http://www.metalbulletin.com/Article/3925536/CIS-STEEL-BILLET-Prices-keep-sliding-demand-mainly-seen-in-China.htmlFri, 27 Mar 2020 18:03:00 GMTAT A GLANCE: Codelco 2019 output, earnings down following weak H1A summary of the full-year financial performance of Chilean copper producer Codelco in 2019, as stated in its earnings report on Friday March 27.http://www.metalbulletin.com/Article/3925547/AT-A-GLANCE-Codelco-2019-output-earnings-down-following-weak-H1.htmlFri, 27 Mar 2020 17:50:00 GMTEUROPE HRC: Northern European mills keep prices stable despite lower import offersEuropean domestic prices for hot-rolled coil have not changed despite the decline in import offers, sources told Fastmarkets on Friday March 27. http://www.metalbulletin.com/Article/3925533/EUROPE-HRC-Northern-European-mills-keep-prices-stable-despite-lower-import-offers.htmlFri, 27 Mar 2020 17:48:00 GMTGLOBAL CHROME SNAPSHOT: Europe market surges on supply fears following South-Africa shutdownKey data from the pricing sessions in Asia, Europe and the United States for the week ended Friday March 27.http://www.metalbulletin.com/Article/3925544/GLOBAL-CHROME-SNAPSHOT-Europe-market-surges-on-supply-fears-following-South-Africa-shutdown.htmlFri, 27 Mar 2020 17:42:00 GMTZambia ends copper, cobalt materials import duty to provide producers relief The Zambian government will remove the 5% import duty on metal concentrates to ease the pressure on copper and cobalt producers during global lockdowns imposed to halt the spread of the Covid-19 virus and and sharp declines in commodity prices. http://www.metalbulletin.com/Article/3925532/Zambia-ends-copper-cobalt-materials-import-duty-to-provide-producers-relief.htmlFri, 27 Mar 2020 17:42:00 GMTEUROPE STAINLESS STEEL: Prices rise on Italian production closures despite slowing demand The price of stainless steel in the European domestic market increased this week with producers anticipating shortages following the closure of all production sites in Italy, sources told Fastmarkets on Friday March 27. http://www.metalbulletin.com/Article/3925534/EUROPE-STAINLESS-STEEL-Prices-rise-on-Italian-production-closures-despite-slowing-demand.htmlFri, 27 Mar 2020 17:37:00 GMTIndian HRC export prices plunge by $60 per tonne on lockdownThe price of hot-rolled coil exported from India plunged by $60 per tonne in the week ended Friday March 27, with the country going into compete lockdown on the Wednesday to try to contain the spread of the Covid-19 pandemic. http://www.metalbulletin.com/Article/3925529/Indian-HRC-export-prices-plunge-by-60-per-tonne-on-lockdown.htmlFri, 27 Mar 2020 17:25:00 GMTBrazilian slab export prices slide; China turns to importsExport prices for Brazil-origin slab dipped for a second consecutive week on Friday March 27, with local producers turning to China to keep volumes going while other markets are muted because of the Covid-19 pandemic.http://www.metalbulletin.com/Article/3925498/Brazilian-slab-export-prices-slide-China-turns-to-imports.htmlFri, 27 Mar 2020 17:24:00 GMTManganese ore miner Tshipi declares force majeure in South AfricaMiner Tshipi e Ntle has declared force majeure on manganese shipments after South Africa imposed a 21-day lockdown to contain the spread of the Covid-19 virus.http://www.metalbulletin.com/Article/3925531/Manganese-ore-miner-Tshipi-declares-force-majeure-in-South-Africa.htmlFri, 27 Mar 2020 17:20:00 GMTGLOBAL FERRO-SILICON SNAPSHOT: Chinese prices soften on stagnant demand, US edges up Key data from the pricing sessions in Shanghai, Europe and the United States on Friday March 27. http://www.metalbulletin.com/Article/3925440/GLOBAL-FERRO-SILICON-SNAPSHOT-Chinese-prices-soften-on-stagnant-demand-US-edges-up.htmlFri, 27 Mar 2020 17:10:00 GMTNOBLE ALLOYS MARKET REPORT 27/03: Molybdenum market in freefall; prices hit 3-year lowsAn overview of the noble alloys markets and the reasons for any price moves. http://www.metalbulletin.com/Article/3925500/NOBLE-ALLOYS-MARKET-REPORT-2703-Molybdenum-market-in-freefall-prices-hit-3-year-lows.htmlFri, 27 Mar 2020 17:03:00 GMTBATTERY RAW MATERIALS MARKET REPORT 27/03: Raw material supply concerns stem cobalt sulfate downturnAn overview of the battery raw materials markets and their price moves from the past week. http://www.metalbulletin.com/Article/3925530/BATTERY-RAW-MATERIALS-MARKET-REPORT-2703-Raw-material-supply-concerns-stem-cobalt-sulfate-downturn.htmlFri, 27 Mar 2020 16:59:00 GMTUK SCRAP: Light iron market falls to 3-1/2 year lowThe inter-merchant spot market for light iron scrap in the UK dropped by more than 23% in the week to Friday March 27, after a fall of almost 19% the previous week, and now stands at its lowest level since September 2016.http://www.metalbulletin.com/Article/3925438/UK-SCRAP-Light-iron-market-falls-to-3-12-year-low.htmlFri, 27 Mar 2020 16:59:00 GMTEn+ may review 2019 capex but keeps 5-year low carbon materials planEn+ Group, the majority owner of Russian aluminium producer UC Rusal, may review its 2020 capital expenditure in light of the impact of the Covid-19 pandemic, but still plans to spend more than $715 million at its smelters and alumina refineries over the next five years, it said.http://www.metalbulletin.com/Article/3925437/En+-may-review-2019-capex-but-keeps-5-year-low-carbon-materials-plan.htmlFri, 27 Mar 2020 16:28:00 GMTAlumina price plummets to Oct 2016 low with LME at $1,500/t The alumina price on a fob Australia declined below $260 per tonne on Friday March 27 after the market continued to react to falling aluminium prices. http://www.metalbulletin.com/Article/3925315/Alumina-price-plummets-to-Oct-2016-low-with-LME-at-1500t.htmlFri, 27 Mar 2020 16:01:00 GMTDAILY SCRAP REPORT: Mills stay away from deep-sea bookings amid Covid-19 outbreakThe effects of the Covid-19 pandemic kept Turkish steel mills away from the deep-sea scrap market at the end of the week, while several mills and re-rollers shut down or cut production, sources told Fastmarkets on Friday March 27.http://www.metalbulletin.com/Article/3925376/DAILY-SCRAP-REPORT-Mills-stay-away-from-deep-sea-bookings-amid-Covid-19-outbreak.htmlFri, 27 Mar 2020 16:00:00 GMTTURKEY COATED FLAT STEEL: Prices down again on failing demandTurkish domestic prices for hot-dipped galvanized coil (HDG) and color-coated coil continued to decrease in the week to Friday March 27, with demand being very weak, sources told Fastmarkets. http://www.metalbulletin.com/Article/3925374/TURKEY-COATED-FLAT-STEEL-Prices-down-again-on-failing-demand.htmlFri, 27 Mar 2020 15:45:00 GMTTURKEY FLAT STEEL: Price falls continue on persistently weak demandFlat steel prices continued to fall in Turkey during the week ended Friday March 27, with demand remaining very weak. http://www.metalbulletin.com/Article/3925345/TURKEY-FLAT-STEEL-Price-falls-continue-on-persistently-weak-demand.htmlFri, 27 Mar 2020 15:28:00 GMTPRICING NOTICE: Proposal to increase frequency of cobalt hydroxide payable indicatorFastmarkets is proposing to increase the pricing frequency of its cobalt hydroxide payable indicator, min 30% Co, cif China, to twice weekly from weekly. http://www.metalbulletin.com/Article/3925312/PRICING-NOTICE-Proposal-to-increase-frequency-of-cobalt-hydroxide-payable-indicator.htmlFri, 27 Mar 2020 14:52:00 GMTASIA FERROUS SCRAP: Taiwan import price at 3-year low amid virus pandemic in USImport prices for ferrous scrap in Taiwan have fallen to a three-and-a-half-year low amid the spread of the Covid-19 coronavirus across all parts of the United States, the key supplier, where sellers have been trying to offload material to Asia quickly ahead of further price falls. http://www.metalbulletin.com/Article/3925247/ASIA-FERROUS-SCRAP-Taiwan-import-price-at-3-year-low-amid-virus-pandemic-in-US.htmlFri, 27 Mar 2020 14:22:00 GMTCHINA COBALT SNAPSHOT: Price downturn of metal, sulfate capped amid supply disruptions Key data from the Friday March 27 pricing session in Shanghai.http://www.metalbulletin.com/Article/3925254/CHINA-COBALT-SNAPSHOT-Price-downturn-of-metal-sulfate-capped-amid-supply-disruptions.htmlFri, 27 Mar 2020 14:01:00 GMTCHINA MINOR METALS MARKET REPORT 27/03: Silicon down in muted market; antimony falls on lower demandAn overview of the Chinese minor metals markets and the reasons for their latest price moves. http://www.metalbulletin.com/Article/3925271/CHINA-MINOR-METALS-MARKET-REPORT-2703-Silicon-down-in-muted-market-antimony-falls-on-lower-demand.htmlFri, 27 Mar 2020 14:00:00 GMTNexa Resources drops 2020 guidance with Peru lockdown extended to April 12Brazilian polymetallic producer Nexa Resources suspended its full-year 2020 guidance after the Peruvian government extended its state of emergency declaration until April 12, forcing domestic mines to remain idled, the company said on Thursday March 26.http://www.metalbulletin.com/Article/3925311/Nexa-Resources-drops-2020-guidance-with-Peru-lockdown-extended-to-April-12.htmlFri, 27 Mar 2020 13:45:00 GMTVedanta’s Skorpion zinc refinery to close over operating, economic concerns Namzinc’s Skorpion zinc refinery in Namibia, a subsidiary of India’s Vedanta Resources, is set to go into care and maintenance just two weeks after resuming operations. http://www.metalbulletin.com/Article/3925308/Vedantas-Skorpion-zinc-refinery-to-close-over-operating-economic-concerns.htmlFri, 27 Mar 2020 13:34:00 GMTNLMK plans capex cut amid increased market volatility Russia’s largest steelmaker Novolipetsk Steel (NLMK) will revise its guidance on its 2020 capex program down due to increased volatility in global markets associated with the coronavirus pandemic, the company said on Thursday March 26.http://www.metalbulletin.com/Article/3925275/NLMK-plans-capex-cut-amid-increased-market-volatility.htmlFri, 27 Mar 2020 13:20:00 GMTGLOBAL LITHIUM WRAP: China’s hydroxide price breaks steady streakThe Chinese domestic spot battery-grade lithium hydroxide price fell by 3.7% on Thursday March 26 after nearly four months' stability, while markets in the rest of the world were subdued due to the spread of the Covid-19 virus.http://www.metalbulletin.com/Article/3925309/GLOBAL-LITHIUM-WRAP-Chinas-hydroxide-price-breaks-steady-streak.htmlFri, 27 Mar 2020 13:15:00 GMT3% duty-spread for aluminium in Rotterdam disappears; coronavirus hits end-usersThe differential between duty-paid and unpaid aluminium in Rotterdam continues to narrow, leaving market participants wondering if the two premiums could end up close to parity. http://www.metalbulletin.com/Article/3925266/3-duty-spread-for-aluminium-in-Rotterdam-disappears-coronavirus-hits-end-users.htmlFri, 27 Mar 2020 12:51:00 GMTIRON ORE DAILY: China concern grows over likely diversion of cargoes due to faltering demand elsewhereSeaborne iron ore prices dipped on Friday March 27 amid mounting concerns that steel production cuts outside China and the subsequent drop in demand for raw materials will lead to the diversion of cargoes to Chinese ports. http://www.metalbulletin.com/Article/3925272/IRON-ORE-DAILY-China-concern-grows-over-likely-diversion-of-cargoes-due-to-faltering-demand-elsewhere.htmlFri, 27 Mar 2020 12:49:00 GMTCOKING COAL DAILY: Seaborne prices drop but trend is unpredictableSeaborne coking coal prices saw limited movement on Friday March 27, with market participant sentiment outside China decidedly bearish while those in China took a different view. http://www.metalbulletin.com/Article/3925263/COKING-COAL-DAILY-Seaborne-prices-drop-but-trend-is-unpredictable.htmlFri, 27 Mar 2020 12:10:00 GMT SE Asian billet import prices tumble amid scrap downturn, coronavirus falloutPrices in Southeast Asia’s steel billet market have plunged over the past week, tracking losses seen in the bellwether Turkish ferrous scrap import market amid the fallout from the Covid-19 pandemic. http://www.metalbulletin.com/Article/3925261/SE-Asian-billet-import-prices-tumble-amid-scrap-downturn-coronavirus-fallout.htmlFri, 27 Mar 2020 11:40:00 GMTCHINA HRC: Cheap Indian goods lock Chinese products out of Vietnam Eastern China’s hot-rolled coil prices continued to fall on Friday March 27 on thin trading. Exporters too reported thin trading amid the availability of cheaper cargoes from other countries such as India.http://www.metalbulletin.com/Article/3925259/CHINA-HRC-Cheap-Indian-goods-lock-Chinese-products-out-of-Vietnam.htmlFri, 27 Mar 2020 11:06:00 GMTSHFE STOCKS REPORT 27/03: Base metals' stocks down; lead stocks dive 38%Base metals' stocks in Shanghai Futures Exchange-approved warehouses all fell over the week to Friday March 27, with lead, in particular, registering the biggest outflows. http://www.metalbulletin.com/Article/3925260/SHFE-STOCKS-REPORT-2703-Base-metals-stocks-down-lead-stocks-dive-38.htmlFri, 27 Mar 2020 10:50:00 GMTTharisa declares force majeure on chrome concentrate contracts South African miner Tharisa has declared force majeure on its contracted chrome concentrate sales agreements in response to the nationwide lockdown announced this week. http://www.metalbulletin.com/Article/3925265/Tharisa-declares-force-majeure-on-chrome-concentrate-contracts.htmlFri, 27 Mar 2020 10:39:00 GMTLIVE FUTURES REPORT 27/03: Fresh cancellation sees LME tin price rise 2.7%; zinc improvesThe three-month tin price on the London Metal Exchange was higher during morning trading on Friday March 27, with prices supported by a cancellation of 700 tonnes out of LME-registered warehouses in Port Klang, while zinc futures showed signs of improvement. http://www.metalbulletin.com/Article/3925262/LIVE-FUTURES-REPORT-2703-Fresh-cancellation-sees-LME-tin-price-rise-27-zinc-improves.htmlFri, 27 Mar 2020 10:29:00 GMTCHINA REBAR: Overseas buyers bid low on international billet lossRebar importers outside China have been asking lower prices due to the decrease in billet prices in the international market, while China’s domestic rebar prices were flat on Friday March 27 amid steady trading.http://www.metalbulletin.com/Article/3925256/CHINA-REBAR-Overseas-buyers-bid-low-on-international-billet-loss.htmlFri, 27 Mar 2020 10:05:00 GMTAnglo American expects 2-3mln-tonne hit to Kumba iron ore ops this yearAnglo American is expecting a production impact of 2-3 million tonnes at its Kumba iron ore operations in 2020, following a decision to operate with around half of its workforce during a 21-day lockdown in South Africa that started this week.http://www.metalbulletin.com/Article/3925251/Anglo-American-expects-2-3mln-tonne-hit-to-Kumba-iron-ore-ops-this-year.htmlFri, 27 Mar 2020 10:00:00 GMTMORNING VIEW: Metals at interesting juncture as coronavirus drives production cutsMarkets are looking quite mixed this morning, Friday March 27, with most Asian-Pacific equity indices up, the pre-market Dow Jones Industrial Average (DJIA) down by 1.1%, while base metals prices on the London Metal Exchange and Shanghai Futures Exchange are up and gold is down from recent highs.http://www.metalbulletin.com/Article/3925255/MORNING-VIEW-Metals-at-interesting-juncture-as-coronavirus-drives-production-cuts.htmlFri, 27 Mar 2020 09:16:00 GMTINDIA LOCKDOWN: Sail slashes production amid limited logistics, raw material supplyState-owned Steel Authority of India (Sail) has joined the list of steelmakers in the country to reduce production levels following the lockdown imposed in India earlier this week.http://www.metalbulletin.com/Article/3925249/INDIA-LOCKDOWN-Sail-slashes-production-amid-limited-logistics-raw-material-supply.htmlFri, 27 Mar 2020 07:15:00 GMTLIVE FUTURES REPORT 27/03: SHFE base metals prices rise on improved sentimentBase metals prices on the Shanghai Futures Exchange were all up at the close of morning trading on Friday March 27, with the complex buoyed by positive performances in equity markets overnight and this morning.http://www.metalbulletin.com/Article/3925248/LIVE-FUTURES-REPORT-2703-SHFE-base-metals-prices-rise-on-improved-sentiment.htmlFri, 27 Mar 2020 05:35:00 GMTFreeport extends Cerro Verde care and maintenance to April 12A 15-day care and maintenance situation at Cerro Verde will be extended to April 12, in line with Peruvian government policy to contain the spread of the Covid-19 virus, the copper mine’s owner and operator Freeport-McMoRan said. http://www.metalbulletin.com/Article/3925240/Freeport-extends-Cerro-Verde-care-and-maintenance-to-April-12.htmlFri, 27 Mar 2020 02:19:00 GMTIN CASE YOU MISSED IT: 5 key stories from March 26Here are five Fastmarkets stories you might have missed on Thursday March 26 that are worth another look.http://www.metalbulletin.com/Article/3925233/IN-CASE-YOU-MISSED-IT-5-key-stories-from-March-26.htmlFri, 27 Mar 2020 00:05:00 GMTChinese portside manganese ore market in stasis after South Africa Covid-19 lockdownThe Chinese domestic portside manganese ore market has fallen into stasis this week with many ore traders refraining from making offers following the news that all miners in South Africa were required to shut down operations from Thursday March 26. http://www.metalbulletin.com/Article/3925216/Chinese-portside-manganese-ore-market-in-stasis-after-South-Africa-Covid-19-lockdown.htmlThu, 26 Mar 2020 19:57:00 GMTCIS PIG IRON: Market down despite resumption in sales to ChinaThe market for pig iron exports from the Commonwealth of Independent States (CIS) was much reduced in the week to Thursday March 26, sources told Fastmarkets, despite a resumption of sales to China. http://www.metalbulletin.com/Article/3925208/CIS-PIG-IRON-Market-down-despite-resumption-in-sales-to-China.htmlThu, 26 Mar 2020 19:01:00 GMTFerro-tungsten price at 2-month low in Europe on thin demandThe ferro-tungsten market in Europe fell by 9.9% to a two-month low in the first half of this week, with the spread of the Covid-19 pandemic continuing to reduce demand for tungsten products. http://www.metalbulletin.com/Article/3925214/Ferro-tungsten-price-at-2-month-low-in-Europe-on-thin-demand.htmlThu, 26 Mar 2020 18:40:00 GMTEUROPE HRC: Domestic prices stable in slow market, with EU in lockdown to combat Covid-19 virusDomestic prices for hot-rolled coil have been largely unchanged in Europe due to the limited trading activity resulting from the lockdown measures put in place to combat the Covid-19 virus, sources told Fastmarkets on Thursday March 26. http://www.metalbulletin.com/Article/3925217/EUROPE-HRC-Domestic-prices-stable-in-slow-market-with-EU-in-lockdown-to-combat-Covid-19-virus.htmlThu, 26 Mar 2020 18:31:00 GMTLIVE FUTURES REPORT 26/03: Steady buying sees LME lead price climb 3%; copper holds above $4,800The three-month price of lead on the London Metal Exchange was the standout performer at the close of trading on Thursday March 26, climbing by just over 3% to close at its highest level since March 16, while copper futures found support above the $4,800 per tonne threshold. http://www.metalbulletin.com/Article/3925213/LIVE-FUTURES-REPORT-2603-Steady-buying-sees-LME-lead-price-climb-3-copper-holds-above-4800.htmlThu, 26 Mar 2020 18:18:00 GMTSumitomo suspends operations at Minera San Cristobal zinc-lead mine in Bolivia Sumitomo will temporarily stop operations at its Minera San Cristobal zinc-lead mine in Bolivia due to national restrictions imposed to contain the spread of the Covid-19 virus.http://www.metalbulletin.com/Article/3925203/Sumitomo-suspends-operations-at-Minera-San-Cristobal-zinc-lead-mine-in-Bolivia.htmlThu, 26 Mar 2020 17:09:00 GMTDAILY SCRAP REPORT: Impact of Covid-19 virus ensures Turkish mills continue to stay out of deep-sea marketThe global spread of the Covid-19 virus continues to limit deep-sea scrap trading in Turkey, sources told Fastmarkets on Thursday March 26. http://www.metalbulletin.com/Article/3925173/DAILY-SCRAP-REPORT-Impact-of-Covid-19-virus-ensures-Turkish-mills-continue-to-stay-out-of-deep-sea.htmlThu, 26 Mar 2020 16:38:00 GMTEGYPT STEEL BILLET, REBAR: Billet import prices down in weakened marketPrices for imported steel billet in Egypt decreased in the week ended Thursday March 26 with market activity being very weak because of the Covid-19 pandemic, sources told Fastmarkets. http://www.metalbulletin.com/Article/3925114/EGYPT-STEEL-BILLET-REBAR-Billet-import-prices-down-in-weakened-market.htmlThu, 26 Mar 2020 16:05:00 GMTTURKEY STEEL BILLET: Prices driven down by coronavirus, strong fall in scrap valuesThe Turkish markets for steel billet have crashed over the past week, following the sharp decline in imported scrap prices amid the spread of the Covid-19 pandemic, sources said on Thursday March 26. http://www.metalbulletin.com/Article/3925168/TURKEY-STEEL-BILLET-Prices-driven-down-by-coronavirus-strong-fall-in-scrap-values.htmlThu, 26 Mar 2020 15:18:00 GMTLME draws up measures to manage warehouse, delivery point closures due to Covid-19The London Metal Exchange has developed procedures to manage the temporary unavailability of one of its approved warehouses or delivery points that might stem from the Covid-19 outbreak.http://www.metalbulletin.com/Article/3925117/LME-draws-up-measures-to-manage-warehouse-delivery-point-closures-due-to-Covid-19.htmlThu, 26 Mar 2020 15:09:00 GMTGlencore places some nickel, zinc, ferro-alloys ops on care and maintenanceGlencore is placing its Raglan nickel, Matagami zinc and South African ferro-alloys operations on care and maintenance in response to Covid-19, the company said. http://www.metalbulletin.com/Article/3925169/Glencore-places-some-nickel-zinc-ferro-alloys-ops-on-care-and-maintenance.htmlThu, 26 Mar 2020 14:59:00 GMTTURKEY LONG STEEL: Prices slip in markets halted by Covid-19Domestic rebar and wire rod prices in Turkey have gone down over the past week due to a complete absence of demand resulting from the Covid-19 pandemic, sources said on Thursday March 26. http://www.metalbulletin.com/Article/3925166/TURKEY-LONG-STEEL-Prices-slip-in-markets-halted-by-Covid-19.htmlThu, 26 Mar 2020 14:55:00 GMTTURKEY LONG STEEL EXPORTS: Prices sharply down on Covid-19 spread, strong fall in scrap costsLong steel export prices in Turkey have gone down sharply over the past week amid the Covid-19 pandemic, which has affected almost all markets, sources said on Thursday March 26. http://www.metalbulletin.com/Article/3925115/TURKEY-LONG-STEEL-EXPORTS-Prices-sharply-down-on-Covid-19-spread-strong-fall-in-scrap-costs.htmlThu, 26 Mar 2020 14:42:00 GMTBANGLADESH SCRAP: Import prices drop sharply while buyers exit marketPrices for bulk cargoes of ferrous scrap imported to Bangladesh sank on Thursday as scrap-heavy steel mills showed less appetite for material, market sources told Fastmarkets.http://www.metalbulletin.com/Article/3925101/BANGLADESH-SCRAP-Import-prices-drop-sharply-while-buyers-exit-market.htmlThu, 26 Mar 2020 12:50:00 GMTMAP: Coronavirus impact on cobalt supply, demand The spread of the Covid-19 virus is forcing shutdowns and a reassessment of consumers’ cobalt requirements. http://www.metalbulletin.com/Article/3925020/MAP-Coronavirus-impact-on-cobalt-supply-demand.htmlThu, 26 Mar 2020 12:42:00 GMTCOKING COAL DAILY: Seaborne prices edge lower on looming Indian demand concerns Seaborne coking coal prices dropped on Thursday March 26 due to ex-China market participants - particularly those in India - continuing to hold a bearish view on demand, although there was some optimism that prices were approaching a bottom. http://www.metalbulletin.com/Article/3925078/COKING-COAL-DAILY-Seaborne-prices-edge-lower-on-looming-Indian-demand-concerns.htmlThu, 26 Mar 2020 12:27:00 GMTTsingshan holds April ferro-chrome tender price steadyChinese stainless steel producer Tsingshan Group has kept its ferro-chrome tender price for April delivery flat month on month after domestic ferro-chrome producers expressed concerns of possible supply tightness and South Africa entered lockdown, Fastmarkets understands.http://www.metalbulletin.com/Article/3925090/Tsingshan-holds-April-ferro-chrome-tender-price-steady.htmlThu, 26 Mar 2020 12:20:00 GMTIRON ORE DAILY: Prices stabilize as market awaits clear directionThe seaborne iron ore market cooled down on Thursday March 26 after gaining ground for two consecutive days, with the lower prices in line with a softer futures curve for rebar. http://www.metalbulletin.com/Article/3925088/IRON-ORE-DAILY-Prices-stabilize-as-market-awaits-clear-direction.htmlThu, 26 Mar 2020 12:11:00 GMTNOBLE ALLOYS MARKET REPORT 25/03: Noble alloys sell-off continues amid slowing down demand An overview of the noble alloys markets and the reasons for any price moves.http://www.metalbulletin.com/Article/3925100/NOBLE-ALLOYS-MARKET-REPORT-2503-Noble-alloys-sell-off-continues-amid-slowing-down-demand.htmlThu, 26 Mar 2020 12:05:00 GMTMetalliage appeals against forced FeTi shutdownCanada-based ferro-titanium producer Metalliage is urging local authorities to allow the company to return to production, arguing the alloy maker provides an essential service, after the provincial government of Quebec ordered non-essential services to shutdown for three weeks effective midnight March 24.http://www.metalbulletin.com/Article/3925083/Metalliage-appeals-against-forced-FeTi-shutdown.htmlThu, 26 Mar 2020 11:45:00 GMTNEWSBREAK: Multiple Q2 MJP aluminium deals done at $82/t A major aluminium producer has concluded multiple deals with Japanese consumers for April-June delivery to main Japanese ports (MJP) at a premium on a cif basis of $82 per tonne over the London Metal Exchange cash price, sources confirmed to Fastmarkets on Thursday March 26. http://www.metalbulletin.com/Article/3925081/NEWSBREAK-Multiple-Q2-MJP-aluminium-deals-done-at-82t.htmlThu, 26 Mar 2020 11:40:00 GMTCoronavirus shutdowns pull UK secondary Al market to 11-year lowEuropean automaker and subsequent smelter shutdowns in the United Kingdom - enforced to halt the spread of the coronavirus - drove secondary aluminium ingot prices down in the region to an 11-year low on Wednesday March 25.http://www.metalbulletin.com/Article/3925091/Coronavirus-shutdowns-pull-UK-secondary-Al-market-to-11-year-low.htmlThu, 26 Mar 2020 11:35:00 GMTCHINA HRC: Exporters cautious after spate of cancelations China’s domestic hot-rolled coil prices fell on Thursday March 26 amid weak demand, while export trading was also thin with sellers exercising caution after many overseas buyers canceled their orders.http://www.metalbulletin.com/Article/3925076/CHINA-HRC-Exporters-cautious-after-spate-of-cancelations.htmlThu, 26 Mar 2020 11:03:00 GMTLIVE FUTURES REPORT 26/03: Market volatility pushes LME copper down 1.5%; tin slips below $14,000/tThe London Metal Exchange three-month copper price declined during morning trading on Thursday March 26, with price action consolidating near the $4,800-per-tonne support level amid mild turnover, while tin futures failed to hold gains in a 2.4% downturn. http://www.metalbulletin.com/Article/3925079/LIVE-FUTURES-REPORT-2603-Market-volatility-pushes-LME-copper-down-15-tin-slips-below-14000t.htmlThu, 26 Mar 2020 10:35:00 GMTArcelorMittal Nippon Steel India is latest company to reduce output in response to India's coronavirus lockdownArcelorMittal Nippon Steel India (AMNS India) is the latest steelmaker in the country to confirm it is reducing production rates due to the Covid-19 coronavirus lockdown in the country. http://www.metalbulletin.com/Article/3925065/ArcelorMittal-Nippon-Steel-India-is-latest-company-to-reduce-output-in-response-to-Indias-coronavirus.htmlThu, 26 Mar 2020 10:32:00 GMTAmbatovy suspends nickel-cobalt production on coronavirus lockdown The Ambatovy Nickel Project (Ambatovy) will temporarily stop operations due to national restrictions imposed to contain the spread of the novel coronavirus (2019-nCoV) in Madagascar. http://www.metalbulletin.com/Article/3925073/Ambatovy-suspends-nickel-cobalt-production-on-coronavirus-lockdown.htmlThu, 26 Mar 2020 09:37:00 GMTChinese antimony price sinks further amid coronavirus-led weak sentiment, shrinking demandThe price of antimony in China’s domestic market fell for a fourth consecutive week on Wednesday March 25, with suppliers lowering their offer prices amid weakening market sentiment in response to a significant reduction in overseas demand.http://www.metalbulletin.com/Article/3925064/Chinese-antimony-price-sinks-further-amid-coronavirus-led-weak-sentiment-shrinking-demand.htmlThu, 26 Mar 2020 09:35:00 GMTFOCUS: Rising EAF production in China unlikely to reduce billet importsChina’s electric-arc furnace (EAF) mills have gradually raised their production rates in the past three weeks following stronger demand for steel products.http://www.metalbulletin.com/Article/3925062/FOCUS-Rising-EAF-production-in-China-unlikely-to-reduce-billet-imports.htmlThu, 26 Mar 2020 09:30:00 GMTChina daily crude steel output up in mid-MarchMember mills of the China Iron & Steel Association (Cisa) increased their steel and hot-metal output rates from the preceding nine days in mid-March but mills’ inventory of finished steel dropped sharply, according to data released late on Wednesday March 25.http://www.metalbulletin.com/Article/3925071/China-daily-crude-steel-output-up-in-mid-March.htmlThu, 26 Mar 2020 09:28:00 GMTSupply disruptions slow cobalt sulfate downturn but 'it won’t last long' - sourcesThe 21-day lockdown in South Africa and resulting disruption to shipping cobalt raw materials from Durban to Chinese ports have managed to slow the cobalt sulfate price downturn in China, with producers who were eager to destock pausing midweek, sources said.http://www.metalbulletin.com/Article/3925068/Supply-disruptions-slow-cobalt-sulfate-downturn-but-it-wont-last-long-sources.htmlThu, 26 Mar 2020 09:20:00 GMTCHINA REBAR: Prices flat amid rising output but dropping inventoriesChina’s domestic rebar market was steady on Thursday March 26, with sellers keeping prices flat despite rising output in view of lower stock. http://www.metalbulletin.com/Article/3925075/CHINA-REBAR-Prices-flat-amid-rising-output-but-dropping-inventories.htmlThu, 26 Mar 2020 09:09:00 GMTMORNING VIEW: Countertrend move runs out of steam as concerns rise Governments’ massive efforts to support economies have provided some relief to markets and sentiment, but with the novel coronavirus (nCoV 2019) pandemic still spreading rapidly throughout Europe, the United States and elsewhere, there is still just too much uncertainty for markets to settle down.http://www.metalbulletin.com/Article/3925067/MORNING-VIEW-Countertrend-move-runs-out-of-steam-as-concerns-rise.htmlThu, 26 Mar 2020 08:17:00 GMTChinese APT exports drop 67% in January-FebruaryChina’s exports of ammonium paratungstate (APT) plunged in the first two months of 2020 due to fewer trading days amid extended national holidays due to the novel coronavirus (2019-nCoV) outbreak.http://www.metalbulletin.com/Article/3925063/Chinese-APT-exports-drop-67-in-January-February.htmlThu, 26 Mar 2020 07:40:00 GMTWeak demand drags cobalt payables to 12-week lowPayables for cobalt intermediates continued to fall over the past week, with consumers largely out of the spot market and confident that sufficient raw material supplies will continue to flow through the pipeline. http://www.metalbulletin.com/Article/3925058/Weak-demand-drags-cobalt-payables-to-12-week-low.htmlThu, 26 Mar 2020 06:25:00 GMTLIVE FUTURES REPORT 26/03: SHFE base metals prices largely down; Ni, Pb up marginallyBase metals prices on the Shanghai Futures Exchange were broadly down during the morning trading session on Thursday March 26, with the complex digesting news that the United States Senate had approved a $2-trillion stimulus package to shore up the US economy amid the novel coronavirus (2019-nCOV) pandemic.http://www.metalbulletin.com/Article/3925060/LIVE-FUTURES-REPORT-2603-SHFE-base-metals-prices-largely-down-Ni-Pb-up-marginally.htmlThu, 26 Mar 2020 05:33:00 GMTCHINA TUNGSTEN SNAPSHOT: APT price stable in muted market; concentrate weakness continuesKey data from Wednesday March 25 pricing session in Shanghai.http://www.metalbulletin.com/Article/3925054/CHINA-TUNGSTEN-SNAPSHOT-APT-price-stable-in-muted-market-concentrate-weakness-continues.htmlThu, 26 Mar 2020 03:48:00 GMTAsia’s hot metal cost nears $320/t in Feb, scrap-billet spread peaks at $160/tThe hot metal cost for blast furnace-based steel production in Asia reached almost $320 per tonne in February, supported by high iron ore and coking coal prices despite the onset of the novel coronavirus (2019-nCoV) pandemic in China.http://www.metalbulletin.com/Article/3924830/Asias-hot-metal-cost-nears-320t-in-Feb-scrap-billet-spread-peaks-at-160t.htmlThu, 26 Mar 2020 03:20:00 GMTIN CASE YOU MISSED IT: 5 key stories from March 25Here are five Fastmarkets stories you might have missed on Wednesday March 25 that are worth another look.http://www.metalbulletin.com/Article/3925050/IN-CASE-YOU-MISSED-IT-5-key-stories-from-March-25.htmlThu, 26 Mar 2020 00:05:00 GMTTurkish carmakers stop production amid Covid-19 pandemicTurkish carmakers Oyak Renault, Toyota Motor Manufacturing, Mercedes-Benz Türk and Ford Otosan have all announced production stops this month because of concerns about the spread of novel coronavirus (2019-nCoV).http://www.metalbulletin.com/Article/3925047/Turkish-carmakers-stop-production-amid-Covid-19-pandemic.htmlWed, 25 Mar 2020 22:29:00 GMTCobalt metal prices underpinned despite weakening demand pictureSpot market prices for standard-grade and alloy-grade cobalt stabilized on Wednesday March 25 after weakening downstream demand continued to provide pressure earlier in the week.http://www.metalbulletin.com/Article/3925046/Cobalt-metal-prices-underpinned-despite-weakening-demand-picture.htmlWed, 25 Mar 2020 22:11:00 GMTHOTTER ON METALS: All eyes on Chile as coronavirus pressure heats upCopper market participants should have been gathering in Santiago, Chile, for the annual CESCO dinner on Wednesday March 25. Instead, the country’s mining industry was nervously eyeing the spread of the novel coronavirus (2019-nCoV) pandemic, and its government was coming under increasing pressure to impose a lockdown similar to what India and South Africa have instituted.http://www.metalbulletin.com/Article/3925021/HOTTER-ON-METALS-All-eyes-on-Chile-as-coronavirus-pressure-heats-up.htmlWed, 25 Mar 2020 20:05:00 GMTMINOR METALS MARKET REPORT 25/03: Manganese flake, antimony weaken on sluggish demand An overview of the minor metals markets and the reasons for their latest price moves.http://www.metalbulletin.com/Article/3925011/MINOR-METALS-MARKET-REPORT-2503-Manganese-flake-antimony-weaken-on-sluggish-demand.htmlWed, 25 Mar 2020 19:53:00 GMTNEWSBREAK: Recylex stops all lead production on slump in demandEurope's third largest lead smelter Recylex will stop all lead production due to weak demand, the company said in an exchange release after market trading on Wednesday March 25. http://www.metalbulletin.com/Article/3925032/NEWSBREAK-Recylex-stops-all-lead-production-on-slump-in-demand.htmlWed, 25 Mar 2020 19:28:00 GMTEUROPE HRC: Prices stable on lack of activity; some mills look to export salesDomestic prices for hot-rolled coil have been fairly stable across Europe due to the limited trading activity that has resulted from the 2019-nCoV coronavirus pandemic, sources told Fastmarkets on Wednesday March 25. http://www.metalbulletin.com/Article/3925015/EUROPE-HRC-Prices-stable-on-lack-of-activity-some-mills-look-to-export-sales.htmlWed, 25 Mar 2020 19:24:00 GMTGLOBAL NICKEL WRAP: Global premiums unchanged amid virus pandemicGlobal nickel premiums continued to trade flat in the week to Tuesday March 24 despite regional business practises diverging in the fight against the 2019-CoV coronavirus. China continued its market return while the United States headed toward lockdown, and European participants remained firmly on the sidelines. http://www.metalbulletin.com/Article/3925005/GLOBAL-NICKEL-WRAP-Global-premiums-unchanged-amid-virus-pandemic.htmlWed, 25 Mar 2020 18:50:00 GMTBASE METALS WARRANT REPORT 25/03A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 25.http://www.metalbulletin.com/Article/3924966/BASE-METALS-WARRANT-REPORT-2503.htmlWed, 25 Mar 2020 17:55:00 GMTLIVE FUTURES REPORT 25/03: LME tin price outperforms in 6% upswing; lead records 2% bounce The three-month tin price on the London Metal Exchange was the standout performer at the close of trading on Wednesday March 25, climbing by more than 6% to breach resistance at $14,000 per tonne, while the outright lead price rallied above the $1,600 per tonne threshold. http://www.metalbulletin.com/Article/3925014/LIVE-FUTURES-REPORT-2503-LME-tin-price-outperforms-in-6-upswing-lead-records-2-bounce.htmlWed, 25 Mar 2020 17:46:00 GMTQ2 MJP aluminium talks prolonged amid weak demand Falling demand, exacerbated by the novel coronavirus outbreak (2010-nCoV) further causing market uncertainty, means market participants expect negotiations for second-quarter aluminium ingot supply to Japan to continue for longer than usual. http://www.metalbulletin.com/Article/3924054/Q2-MJP-aluminium-talks-prolonged-amid-weak-demand.htmlWed, 25 Mar 2020 17:38:00 GMTBushveld Minerals shuts mines after South Africa enters 21-day lockdown Vanadium producer Bushveld Minerals is to shut all its mining operations on care and maintenance from March 26 after South Africa imposed a 21-day lockdown to slow the spread of the novel coronavirus (2019-nCoV).http://www.metalbulletin.com/Article/3924967/Bushveld-Minerals-shuts-mines-after-South-Africa-enters-21-day-lockdown.htmlWed, 25 Mar 2020 17:30:00 GMTPort of Rotterdam will remain fully operational despite stricter state anti-coronovirus measuresThe Netherlands is extending a partial lockdown until June 1 to combat the coronavirus (2019-nCoV) pandemic but the Port of Rotterdam, Europe’s largest port by cargo tonnage, will remain operational, the Port Authority saidhttp://www.metalbulletin.com/Article/3924893/Port-of-Rotterdam-will-remain-fully-operational-despite-stricter-state-anti-coronovirus-measures.htmlWed, 25 Mar 2020 17:23:00 GMTEUROPE SECTIONS: Prices move down despite stockpiling Prices for hollow steel sections moved down across Europe over the past week, despite trading activity continuing, sources told Fastmarkets on Wednesday March 25. http://www.metalbulletin.com/Article/3924964/EUROPE-SECTIONS-Prices-move-down-despite-stockpiling.htmlWed, 25 Mar 2020 17:19:00 GMTDAILY SCRAP REPORT: Coronavirus leads to virtual shutdown of Turkish scrap marketThe global spread of the novel coronavirus (2019-nCoV) is seriously limiting deep-sea scrap trading in Turkey, with market players also struggling with mill closures, sources said on Wednesday March 25. http://www.metalbulletin.com/Article/3924960/DAILY-SCRAP-REPORT-Coronavirus-leads-to-virtual-shutdown-of-Turkish-scrap-market.htmlWed, 25 Mar 2020 16:21:00 GMTIranian billet exports stalled by holiday, lockdown, lack of demandThe Iranian export market for steel billet was largely inactive in the week to Wednesday March 25, with a sharp drop seen in demand both in the domestic market and most export outlets, Fastmarkets has heard. http://www.metalbulletin.com/Article/3924961/Iranian-billet-exports-stalled-by-holiday-lockdown-lack-of-demand.htmlWed, 25 Mar 2020 16:18:00 GMTEUROPE WIRE ROD: Prices relatively flat in quiet market The price of steel mesh-quality wire rod in the European domestic markets was unchanged this week with trading activity reported close to zero due to coronavirus (2019-nCoV) concerns, sources told Fastmarkets on Wednesday March 25.http://www.metalbulletin.com/Article/3924881/EUROPE-WIRE-ROD-Prices-relatively-flat-in-quiet-market.htmlWed, 25 Mar 2020 15:40:00 GMTNEWSBREAK: Assmang declares force majeure in South Africa Miner Assmang has declared force majeure on manganese shipments after South Africa imposed a 21-day lockdown to contain the spread of the novel coronavirus (2019-nCoV), Fastmarkets understands. http://www.metalbulletin.com/Article/3924962/NEWSBREAK-Assmang-declares-force-majeure-in-South-Africa.htmlWed, 25 Mar 2020 15:36:00 GMTKlöckner & Co SE disposes 2020 outlook on coronavirus concerns German metals distributor Klöckner & Co SE has invalidated its outlook for the financial year 2020 because of the effects of the novel coronavirus (2019-nCoV) pandemic.http://www.metalbulletin.com/Article/3924903/Klckner-and-Co-SE-disposes-2020-outlook-on-coronavirus-concerns.htmlWed, 25 Mar 2020 15:35:00 GMTEUROPE REBAR: Prices rise in North on tighter supply, Italy lockdownSteel rebar prices in Northern Europe have increased on limited availability, triggered by tightened quarantine measures in Italy and high transportation costs, while trading was reported to be slowing down with the 2019-nCoV coronavirus pandemic clouding the markets, sources told Fastmarkets on Wednesday March 25. http://www.metalbulletin.com/Article/3924877/EUROPE-REBAR-Prices-rise-in-North-on-tighter-supply-Italy-lockdown.htmlWed, 25 Mar 2020 15:32:00 GMTEUROPE BEAMS: Prices slip as market weakens The price of steel H-beams in Northern and Southern Europe moved down on Wednesday March 25 as the market weakened, sources told Fastmarkets.http://www.metalbulletin.com/Article/3924930/EUROPE-BEAMS-Prices-slip-as-market-weakens.htmlWed, 25 Mar 2020 15:15:00 GMTGLOBAL TIN WRAP: Supply concerns bolster US tin premiums; Europe, China stagnantTin ingot premiums in the United States moved up in the week to March 24 on physical supply concerns, with similar fears affecting European market sentiment while Chinese premiums are flat amid ample availability.http://www.metalbulletin.com/Article/3924838/GLOBAL-TIN-WRAP-Supply-concerns-bolster-US-tin-premiums-Europe-China-stagnant.htmlWed, 25 Mar 2020 15:10:00 GMTGLOBAL ZINC & LEAD WRAP: Auto closures rattle market; eyes on India shutdown Premiums for zinc and lead ingots were unchanged in the week to Tuesday March 24 because the majority of market participants have withdrawn from spot buying amid shutdowns in galvanizing and automotive businesses. http://www.metalbulletin.com/Article/3924854/GLOBAL-ZINC-and-LEAD-WRAP-Auto-closures-rattle-market-eyes-on-India-shutdown.htmlWed, 25 Mar 2020 15:04:00 GMTZambia's proposed border lockdown could have big impact on cobalt deliveries from DRC [UPDATED]The Ministry of Transport & Communication in Zambia has recommended the all cross-border cargo shipments be suspended to curb the spread of the novel coronavirus (2019-nCoV), according to a letter seen by Fastmarkets. http://www.metalbulletin.com/Article/3924872/Zambias-proposed-border-lockdown-could-have-big-impact-on-cobalt-deliveries-from-DRC-[UPDATED].htmlWed, 25 Mar 2020 14:18:00 GMTEmirates, Hamriyah Steel lower rebar pricesEmirates Steel, the largest steel producer in the United Arab Emirates, and Hamriyah Steel, a re-roller of rebar in the country, have reduced their rebar prices with effect from Wednesday March 25.http://www.metalbulletin.com/Article/3924896/Emirates-Hamriyah-Steel-lower-rebar-prices.htmlWed, 25 Mar 2020 13:45:00 GMTCOKING COAL DAILY: India’s virus lockdown hits sentiment for steelmaking raw materials Seaborne coking coal prices dropped on Wednesday March 25 as major consumer India announced a 21-day lockdown. http://www.metalbulletin.com/Article/3924841/COKING-COAL-DAILY-Indias-virus-lockdown-hits-sentiment-for-steelmaking-raw-materials.htmlWed, 25 Mar 2020 13:05:00 GMTJAPAN SCRAP EXPORTS: Auto plant closures support Shindachi busheling pricesExport prices for Japanese ferrous scrap continued to fall over the week to Wednesday March 25, but tighter supply offered some support to prices for Shindachi busheling, market sources have told Fastmarkets. http://www.metalbulletin.com/Article/3924879/JAPAN-SCRAP-EXPORTS-Auto-plant-closures-support-Shindachi-busheling-prices.htmlWed, 25 Mar 2020 12:52:00 GMTIRON ORE DAILY: Supply concerns loom following India, South Africa shutdowns National lockdowns in India and South Africa raised concerns about supply in the seaborne iron ore market on Wednesday March 25 and caused prices to rise for two consecutive days after a massive drop on Monday. http://www.metalbulletin.com/Article/3924875/IRON-ORE-DAILY-Supply-concerns-loom-following-India-South-Africa-shutdowns.htmlWed, 25 Mar 2020 12:49:00 GMTNEWSBREAK: UMK declares force majeure amid South Africa lockdown United Manganese of Kalahari (UMK) has declared force majeure on manganese shipments after South Africa imposed a 21-day lockdown to slow the spread of the novel coronavirus (2019-nCoV), Fastmarkets understands. http://www.metalbulletin.com/Article/3924876/NEWSBREAK-UMK-declares-force-majeure-amid-South-Africa-lockdown.htmlWed, 25 Mar 2020 11:46:00 GMTSalzgitter scraps outlook for 2020 on coronavirus concernsGerman steelmaker Salzgitter has scrapped its outlook for the financial year 2020 due to the novel coronavirus (2019-nCoV) pandemic.http://www.metalbulletin.com/Article/3924871/Salzgitter-scraps-outlook-for-2020-on-coronavirus-concerns.htmlWed, 25 Mar 2020 11:08:00 GMTIndian steel mills to cut run rates amid lockdown, raw materials supply disruptions expectedSmall, induction furnace mills producing secondary billet and rebar in India have started shutting down their meltshops amid the lockdown mandated by prime minister Narendra Modi on March 24 to control the spread of the novel coronavirus (2019-nCoV). http://www.metalbulletin.com/Article/3924840/Indian-steel-mills-to-cut-run-rates-amid-lockdown-raw-materials-supply-disruptions-expected.htmlWed, 25 Mar 2020 10:30:00 GMTJisco turns to maintenance amid low aluminium priceChina’s aluminium producer Jisco has started to place their smelters on maintenance following a multi-year low aluminium price on the Shanghai Futures Exchange, sources told Fastmarkets on Wednesday March 25.http://www.metalbulletin.com/Article/3924831/Jisco-turns-to-maintenance-amid-low-aluminium-price.htmlWed, 25 Mar 2020 10:25:00 GMTCHINA REBAR: Prices bounce back on increased buying [CORRECTED]China’s domestic rebar prices regained some strength on Wednesday March 25 on a pick-up in buying activity amid rising futures. http://www.metalbulletin.com/Article/3924843/CHINA-REBAR-Prices-bounce-back-on-increased-buying-[CORRECTED].htmlWed, 25 Mar 2020 10:22:00 GMTLIVE FUTURES REPORT 25/03: LME tin price rises 2.6%; others shrug off equity gainsThe London Metal Exchange three-month tin price was the standout performer during morning trading on Wednesday March 25, while its peers were suppressed by a pessimistic market reaction to global financial stimulus announced to combat the economic effects of the novel coronavirus (nCoV 2019). http://www.metalbulletin.com/Article/3924864/LIVE-FUTURES-REPORT-2503LME-tin-price-rises-26-others-shrug-off-equity-gains.htmlWed, 25 Mar 2020 10:16:00 GMTCHINA HRC: Exporters offer lower forced by cheap goods abroadChina’s hot-rolled coil exporters were forced to cut offers on Wednesday March 25 due to cheaper material abroad, even as domestic prices gained.http://www.metalbulletin.com/Article/3924842/CHINA-HRC-Exporters-offer-lower-forced-by-cheap-goods-abroad.htmlWed, 25 Mar 2020 10:12:00 GMTMetal traders rocked by LC problems in India amid lockdown The trading of metals into India is likely to be severely affected by difficulties in opening letters of credit (LCs) now that the country is locked down to contain the spread of the novel coronavirus (2019-nCoV), sources told Fastmarkets on Wednesday March 25.http://www.metalbulletin.com/Article/3924834/Metal-traders-rocked-by-LC-problems-in-India-amid-lockdown.htmlWed, 25 Mar 2020 09:39:00 GMTMORNING VIEW: Countertrend move underway as markets react to fiscal stimulus, while some production cuts have helped support metal pricesUnited States politicians agreed a $2-trillion stimulus package to support the US economy during the ongoing novel coronavirus (nCoV 2019) pandemic, and markets, especially equity markets, have reacted well. http://www.metalbulletin.com/Article/3924839/MORNING-VIEW-Countertrend-move-underway-as-markets-react-to-fiscal-stimulus-while-some-production.htmlWed, 25 Mar 2020 09:05:00 GMTIndian steel sector an ‘essential service’, major port declares force majeure amid lockdownIndia’s steel sector will not come under any restriction during the country’s 21-day lockdown to contain the spread of the novel coronavirus (2019-nCoV), though mills continue to face various uncertainties with regard to the move.http://www.metalbulletin.com/Article/3924833/Indian-steel-sector-an-essential-service-major-port-declares-force-majeure-amid-lockdown.htmlWed, 25 Mar 2020 08:50:00 GMTGLOBAL ALUMINIUM WRAP: US premium slides to 25-month low; Asian, European markets drop on waning demandWeakened demand amid a worsening novel coronavirus (2019-nCoV) pandemic caused most aluminium premiums around the world to drop over the past week, with uncertainty and lockdowns affecting logistics and consumer operations.http://www.metalbulletin.com/Article/3924832/GLOBAL-ALUMINIUM-WRAP-US-premium-slides-to-25-month-low-Asian-European-markets-drop-on-waning-demand.htmlWed, 25 Mar 2020 08:15:00 GMTGLOBAL COPPER WRAP: Shanghai premiums unchanged in quiet market; US, European markets flatA lack of arbitrage opportunities and volatile futures prices kept Shanghai copper premiums flat this week, while rates in Europe and the United States were unchanged due to waning spot activity amid a worsening novel coronavirus (2019-nCoV) pandemic.http://www.metalbulletin.com/Article/3924829/GLOBAL-COPPER-WRAP-Shanghai-premiums-unchanged-in-quiet-market-US-European-markets-flat.htmlWed, 25 Mar 2020 06:03:00 GMTLIVE FUTURES REPORT 25/03: SHFE base metals prices mixed; Cu continues to run higherBase metals prices on the Shanghai Futures Exchange were on divergent paths during the morning trading session on Wednesday March 25, with copper gaining the most on improved risk sentiment and recent production cuts.http://www.metalbulletin.com/Article/3924827/LIVE-FUTURES-REPORT-2503-SHFE-base-metals-prices-mixed-Cu-continues-to-run-higher.htmlWed, 25 Mar 2020 04:38:00 GMTChina’s CRC, HDG export prices tumble amid coronavirus pandemicExport prices for Chinese cold-rolled coil and hot-dipped galvanized coil fell for a third week amid worsening demand, with novel coronavirus (2019-nCoV) infections continuing to surge outside of China. http://www.metalbulletin.com/Article/3924825/Chinas-CRC-HDG-export-prices-tumble-amid-coronavirus-pandemic.htmlWed, 25 Mar 2020 04:16:00 GMTSouth Africa’s coronavirus-linked lockdown stokes fears of supply tightness in China chrome marketChinese chrome ore buyers have expressed concern at the possibility of supply tightness emerging in the coming months following news that South African mines and furnaces will shut amid a nationwide lockdown later this week.http://www.metalbulletin.com/Article/3924824/South-Africas-coronavirus-linked-lockdown-stokes-fears-of-supply-tightness-in-China-chrome-market.htmlWed, 25 Mar 2020 03:51:00 GMTIN CASE YOU MISSED IT: 5 key stories from March 24Here are five Fastmarkets stories you might have missed on Tuesday March 24 that are worth another look. http://www.metalbulletin.com/Article/3924817/IN-CASE-YOU-MISSED-IT-5-key-stories-from-March-24.htmlWed, 25 Mar 2020 00:05:00 GMTWEEKLY BASE METAL PREMIUMS REPORT: 24/03A summary of base metals premiums from across the globe for the week to Tuesday March 24.http://www.metalbulletin.com/Article/3924770/WEEKLY-BASE-METAL-PREMIUMS-REPORT-2403.htmlTue, 24 Mar 2020 21:49:00 GMTMexican scrap prices edge up on currency moves, restockingFerrous scrap prices in Mexico increased in the week ended Friday March 20 on a strong currency devaluation which made the material more expensive in pesos, while steelmakers were building inventories before scrap runs out amid global lockdowns.http://www.metalbulletin.com/Article/3924789/Mexican-scrap-prices-edge-up-on-currency-moves-restocking.htmlTue, 24 Mar 2020 20:09:00 GMTEUROPE HRC: Domestic prices stable in slow marketDomestic prices for hot-rolled coil have been fairly stable across Europe due to the limited trading activity, sources told Fastmarkets on Tuesday March 24. http://www.metalbulletin.com/Article/3924786/EUROPE-HRC-Domestic-prices-stable-in-slow-market.htmlTue, 24 Mar 2020 19:32:00 GMTIndia enters 21-day lockdown; 'essential commodities' production to continueIndia is entering a 21-day lockdown period to help prevent the spread of the novel coronavirus (2019-nCoV) pandemic, but the production of essential commodities will continue.http://www.metalbulletin.com/Article/3924779/India-enters-21-day-lockdown-essential-commodities-production-to-continue.htmlTue, 24 Mar 2020 19:22:00 GMTLIVE FUTURES REPORT 24/03: LME Ni, Cu prices regain 3% in partial reboundLME three-month base metals prices staged a partial rebound at the close on Tuesday March 24, seemingly buoyed by news that China has moved from ‘total lockdown’ to the ‘recovery phase’ in the fight against the novel coronavirus (2019-nCoV) pandemic. http://www.metalbulletin.com/Article/3924776/LIVE-FUTURES-REPORT-2403-LME-Ni-Cu-prices-regain-3-in-partial-rebound.htmlTue, 24 Mar 2020 18:52:00 GMTGerdau halts steel units in Peru, Argentina amid coronavirus pandemicBrazilian steelmaker Gerdau has temporarily halted operations in Argentina and Peru following lockdowns in both countries to combat the spread of the novel coronavirus (2019-nCoV) pandemic.http://www.metalbulletin.com/Article/3924736/Gerdau-halts-steel-units-in-Peru-Argentina-amid-coronavirus-pandemic.htmlTue, 24 Mar 2020 18:22:00 GMTDAILY SCRAP REPORT: Prices crash for second time in a week Production cuts, closures and weak steel trade resulting from the global spread of the novel coronavirus (2019-nCoV) sent Turkish scrap import prices sharply down again on Tuesday March 24. http://www.metalbulletin.com/Article/3924737/DAILY-SCRAP-REPORT-Prices-crash-for-second-time-in-a-week.htmlTue, 24 Mar 2020 18:10:00 GMTVoestalpine adjusts Europe production in response to Covid-19 crisis [UPDATED]Austrian steelmaking group Voestalpine will enforce shorter working hours across its operations in Europe as part of short-term work model amid the coronavirus (2019-nCoV) pandemic, the company said on Monday March 23.http://www.metalbulletin.com/Article/3924651/Voestalpine-adjusts-Europe-production-in-response-to-Covid-19-crisis-[UPDATED].htmlTue, 24 Mar 2020 17:45:00 GMTTransnet confirms bulk terminals closure to minerals amid South Africa lockdown South African state transport operator Transnet has confirmed that all the country’s bulk terminals will be closed to minerals shipments under a three-week government-ordered lockdown amid the novel coronavirus (2019-nCoV) pandemic. http://www.metalbulletin.com/Article/3924766/Transnet-confirms-bulk-terminals-closure-to-minerals-amid-South-Africa-lockdown.htmlTue, 24 Mar 2020 17:34:00 GMTSaarstahl, Dillinger cut production on coronavirus pandemicGerman steelmakers Saarstahl and Dillinger, both part of Stahl Holding Saar (SHS), have cut production amid the novel coronavirus pandemic, although blast furnace (BF) and coking plant operations will both be maintained, the companies said in a joint statement on Tuesday March 24.http://www.metalbulletin.com/Article/3924732/Saarstahl-Dillinger-cut-production-on-coronavirus-pandemic.htmlTue, 24 Mar 2020 17:30:00 GMTUS should focus on aluminium overcapacity not alloy anti-dumping, EU industry group says European Aluminium is contesting the launch by the United States of an anti-dumping investigation into common alloy aluminium sheet from various European countries and has instead called for the European Commission to address subsidized Chinese overcapacity. http://www.metalbulletin.com/Article/3924724/US-should-focus-on-aluminium-overcapacity-not-alloy-anti-dumping-EU-industry-group-says.htmlTue, 24 Mar 2020 17:10:00 GMTRisk-off traders push LME aluminium stocks up by 16%; new concerns about warehouse spaceAluminium stocks on the London Metal Exchange have risen by 16% over the past week, with market participants taking a risk-off approach due to weak physical demand and concerns about the coronavirus outbreak.http://www.metalbulletin.com/Article/3924695/Risk-off-traders-push-LME-aluminium-stocks-up-by-16-new-concerns-about-warehouse-space.htmlTue, 24 Mar 2020 16:56:00 GMTCIS FLAT STEEL: Market falls on global economic uncertainty The export market for flat steel exports from the Commonwealth of Independent States (CIS) fell during the week ended Monday March 23 on the pervading uncertainty in the global economy.http://www.metalbulletin.com/Article/3924725/CIS-FLAT-STEEL-Market-falls-on-global-economic-uncertainty.htmlTue, 24 Mar 2020 16:42:00 GMTGULF FLAT STEEL IMPORTS: Prices continue fall, demand weakFlat steel import prices in the United Arab Emirates and Saudi Arabia decreased this week, with the market slow amid concerns around the global coronavirus (2019-nCoV) outbreak, sources told Fastmarkets on Tuesday March 24.http://www.metalbulletin.com/Article/3924723/GULF-FLAT-STEEL-IMPORTS-Prices-continue-fall-demand-weak.htmlTue, 24 Mar 2020 16:20:00 GMTMolybdenum at 5-month low on slow global economic growth; South American mine closures fail to buoyMolybdenum prices continued to trade under pressure in the week to Friday March 20 amid slowing global economic growth with South American mine shutdowns failing to give the market any support.http://www.metalbulletin.com/Article/3924722/Molybdenum-at-5-month-low-on-slow-global-economic-growth-South-American-mine-closures-fail-to-buoy.htmlTue, 24 Mar 2020 16:05:00 GMTTharisa confirms mining stoppage amid South African lockdown South African platinum and chrome miner Tharisa will cease mining after its night shift on Wednesday March 25 in response to a government-imposed three-week lockdown amid the spread of the novel coronavirus (2019-nCoV). http://www.metalbulletin.com/Article/3924726/Tharisa-confirms-mining-stoppage-amid-South-African-lockdown.htmlTue, 24 Mar 2020 15:22:00 GMTGULF STEEL BILLET, REBAR: Some prices fall, demand weakSome of the prices for steel rebar and billet in the United Arab Emirates decreased over the past week, with demand very weak amid concerns about the spread of the coronavirus (2019-nCoV), market sources said on Tuesday March 24.http://www.metalbulletin.com/Article/3924694/GULF-STEEL-BILLET-REBAR-Some-prices-fall-demand-weak.htmlTue, 24 Mar 2020 15:15:00 GMTAT A GLANCE: Dillinger, Saarstahl post pre-tax loss, warn of challenging yearGerman steelmakers Saarstahl and Dillinger - both part of Stahl Holding Saar (SHS) holdings - reported a big decline in their respective full-year earnings for 2019 due to tough market conditions hampering demand for steel products, the company said on Tuesday, March 24http://www.metalbulletin.com/Article/3924684/AT-A-GLANCE-Dillinger-Saarstahl-post-pre-tax-loss-warn-of-challenging-year.htmlTue, 24 Mar 2020 14:50:00 GMTDRC Haut Katanga’s 48-hr lockdown raises cobalt output, logistics concernsA two-day lockdown announced on Sunday night in the Democratic Republic of Congo’s (DRC) Haut Katanga province has heightened concerns that the spread of the novel coronavirus (2019-nCoV) could affect the supply of copper and cobalt coming from the region. http://www.metalbulletin.com/Article/3924689/DRC-Haut-Katangas-48-hr-lockdown-raises-cobalt-output-logistics-concerns.htmlTue, 24 Mar 2020 14:32:00 GMTIndia’s Birla Copper puts smelter on maintenance amid coronavirus lockdown India’s largest copper producer, Birla Copper, will put part of its smelting capacity on maintenance and slash production during a nationwide lockdown to combat the spread of the novel coronavirus (2019-nCoV), sources told Fastmarkets on Tuesday March 24. http://www.metalbulletin.com/Article/3924667/Indias-Birla-Copper-puts-smelter-on-maintenance-amid-coronavirus-lockdown.htmlTue, 24 Mar 2020 13:31:00 GMTTurkey requests WTO intervention over EU steel import dutiesTurkey has requested the intervention of the World Trade Organization's Dispute Settlement Body in connection with steel safeguard measures introduced by the European Union. http://www.metalbulletin.com/Article/3924656/Turkey-requests-WTO-intervention-over-EU-steel-import-duties.htmlTue, 24 Mar 2020 13:08:00 GMTIRON ORE DAILY: Seaborne prices up with focus shifting to South AfricaSeaborne iron ore prices strengthened on Tuesday March 24 after a massive drop of nearly $7 per tonne the previous day, with market participants awaiting clarity on the impact of the 21-day lockdown in South Africa on iron ore operations in the country. http://www.metalbulletin.com/Article/3924663/IRON-ORE-DAILY-Seaborne-prices-up-with-focus-shifting-to-South-Africa.htmlTue, 24 Mar 2020 12:10:00 GMTCOKING COAL DAILY: Seaborne prices drop further amid bearish sentimentSeaborne coking coal prices dropped further on Tuesday March 24 amid bearish sentiment among traders and consumers based on the bleak global economic outlook due to the spread of the novel coronavirus (2019-nCoV). http://www.metalbulletin.com/Article/3924644/COKING-COAL-DAILY-Seaborne-prices-drop-further-amid-bearish-sentiment.htmlTue, 24 Mar 2020 11:56:00 GMTLIVE FUTURES REPORT 24/03: LME tin price tops gains in 5% bounce; copper regains groundThe three-month tin price on the London Metal Exchange improved during morning trading on Tuesday March 24, wiping out Monday’s losses in a 5% rally, while copper futures similarly found support in a steady push above $4,800 per tonne. http://www.metalbulletin.com/Article/3924657/LIVE-FUTURES-REPORT-2403-LME-tin-price-tops-gains-in-5-bounce-copper-regains-ground.htmlTue, 24 Mar 2020 11:24:00 GMTCTT halts production amid lockdown in Morocco Compagnie de Tifnout Tiranimine (CTT) has suspended production at its cobalt mine and plant in Morocco amid a 14-day lockdown in the country aimed at stemming the spread of the novel coronavirus (2019-nCoV), sources close to the matter have confirmed. http://www.metalbulletin.com/Article/3924655/CTT-halts-production-amid-lockdown-in-Morocco.htmlTue, 24 Mar 2020 11:22:00 GMTSouth32 discussing Hillside smelter operations during South Africa shutdownProducer South32 is in discussions to keep its Hillside aluminium smelter in South Africa running despite the country entering lockdown in response to the coronavirus (2019-nCoV) outbreak.http://www.metalbulletin.com/Article/3924643/South32-discussing-Hillside-smelter-operations-during-South-Africa-shutdown.htmlTue, 24 Mar 2020 11:14:00 GMTChina supports global steel production rise in Feb despite virus spreadGlobal crude steel production rose 2.8% year on year in February, according to the Worldsteel Association (Worldsteel), with a strong performance from steel mills in China.http://www.metalbulletin.com/Article/3924641/China-supports-global-steel-production-rise-in-Feb-despite-virus-spread.htmlTue, 24 Mar 2020 10:28:00 GMTCHINA REBAR: Prices dip in eastern region after early-hour futures lossesChina’s domestic rebar prices were mixed on Tuesday March 24, with those in the eastern region dipping while the northern market held steady amid fluctuating futures. http://www.metalbulletin.com/Article/3924647/CHINA-REBAR-Prices-dip-in-eastern-region-after-early-hour-futures-losses.htmlTue, 24 Mar 2020 10:23:00 GMTCHINA HRC: Construction-driven buying stabilizes prices in northern regionNorthern China’s hot-rolled coil prices were stable on Tuesday March despite drops in the eastern region, with construction demand keeping the market supported.http://www.metalbulletin.com/Article/3924646/CHINA-HRC-Construction-driven-buying-stabilizes-prices-in-northern-region.htmlTue, 24 Mar 2020 10:05:00 GMTFOCUS: Tin market mulls liquidity, production incentive after LME price collapseThe three-month London Metal Exchange tin price has fallen by more than 33% since the start of the year, rendering it the laggard among its peers in a market-wide sell-off that has seen commodity prices tumble. http://www.metalbulletin.com/Article/3924587/FOCUS-Tin-market-mulls-liquidity-production-incentive-after-LME-price-collapse.htmlTue, 24 Mar 2020 09:35:00 GMTMORNING VIEW: Production shutdowns support metals prices, while government support boosts financial markets; gold’s haven attributes kick inAsian Pacific equity indices and most metals prices are stronger this morning, Tuesday March 24, boosted by a combination of broad-based fiscal and monetary policy, and for the metals, announcements of production cuts. http://www.metalbulletin.com/Article/3924642/MORNING-VIEW-Production-shutdowns-support-metals-prices-while-government-support-boosts-financial.htmlTue, 24 Mar 2020 09:20:00 GMTSouth African miners hold emergency meetings amid coronavirus lockdownMining companies in South Africa are in emergency meetings after the country’s president ordered a three-week lockdown amid the spread of novel coronavirus (2019-nCov).http://www.metalbulletin.com/Article/3924639/South-African-miners-hold-emergency-meetings-amid-coronavirus-lockdown.htmlTue, 24 Mar 2020 08:50:00 GMTFOCUS: Weak global demand keeps SHFE aluminium price near multi-year lowsAluminium prices on the Shanghai Futures Exchange hit fresh multi-year lows this week amid persistently weak demand from consumers in China and abroad and a worsening novel coronavirus (2019-nCoV) pandemic - a dynamic that market participants expect will continue in the coming quarter.http://www.metalbulletin.com/Article/3924631/FOCUS-Weak-global-demand-keeps-SHFE-aluminium-price-near-multi-year-lows.htmlTue, 24 Mar 2020 08:01:00 GMTLIVE FUTURES REPORT 24/03: SHFE base metals prices up on dollar weakness; Sn rebounds 3.9%Base metals prices on the Shanghai Futures Exchange were all up during the morning session on Tuesday March 24 amid a slide in the dollar and following the launch of unlimited quantitative easing by the United States Federal Reserve. http://www.metalbulletin.com/Article/3924634/LIVE-FUTURES-REPORT-2403-SHFE-base-metals-prices-up-on-dollar-weakness-Sn-rebounds-39.htmlTue, 24 Mar 2020 05:18:00 GMTRio Tinto to reduce aluminium activities in Quebec Rio Tinto is to reduce activities at its aluminium operations in Quebec, Canada, after an order from the head of the province designed to reduce the spread of the novel coronavirus (2019-nCoV).http://www.metalbulletin.com/Article/3924625/Rio-Tinto-to-reduce-aluminium-activities-in-Quebec.htmlTue, 24 Mar 2020 02:20:00 GMTIN CASE YOU MISSED IT: 5 key stories from March 23Here are five Fastmarkets stories you might have missed on Monday March 23 that are worth another look.http://www.metalbulletin.com/Article/3924622/IN-CASE-YOU-MISSED-IT-5-key-stories-from-March-23.htmlTue, 24 Mar 2020 00:05:00 GMTHOTTER ON METALS: South Africa shows coronavirus scenario planning is trickyMetals, mining and alloy producers have been scenario-planning in response to the novel coronavirus. The South African government appears to have just removed all but one option.http://www.metalbulletin.com/Article/3924619/HOTTER-ON-METALS-South-Africa-shows-coronavirus-scenario-planning-is-tricky.htmlMon, 23 Mar 2020 22:25:00 GMTGLOBAL BILLET WRAP: Sentiment down on scrap price fall but China imports againMost of the world’s markets for steel billet have been affected by negative sentiment after strong decreases in the prices for ferrous scrap. Buyers in China, however, were importing material while their domestic prices were rising. http://www.metalbulletin.com/Article/3924603/GLOBAL-BILLET-WRAP-Sentiment-down-on-scrap-price-fall-but-China-imports-again.htmlMon, 23 Mar 2020 20:48:00 GMTCIS LONG STEEL: Prices steady on limited tradingCIS export rebar and wire rod prices remained largely unchanged in the week to Monday March 23 with trading activity being limited. http://www.metalbulletin.com/Article/3924594/CIS-LONG-STEEL-Prices-steady-on-limited-trading.htmlMon, 23 Mar 2020 19:00:00 GMTEUROPE HRC: Trading slow in north, frozen in south after Italy shuts down non-essential productionTrading activity in the hot-rolled coil market in Northern Europe was slowed by closures at a number of vehicle manufacturers across Europe, although other consuming industries remained relatively active, sources told Fastmarkets on Monday March 23. http://www.metalbulletin.com/Article/3924591/EUROPE-HRC-Trading-slow-in-north-frozen-in-south-after-Italy-shuts-down-non-essential-production.htmlMon, 23 Mar 2020 18:20:00 GMTLIVE FUTURES REPORT 23/03: LME nickel below $11,000/t in 3.5% sell-off; tin struggles to hold gainsThe London Metal Exchange three-month nickel price continued its downturn up to the close of trading on Monday March 23, falling over 3.5% and dipping below nearby support levels, while tin futures failed to hold on to Friday’s gains. http://www.metalbulletin.com/Article/3924590/LIVE-FUTURES-REPORT-2303-LME-nickel-below-11000t-in-35-sell-off-tin-struggles-to-hold-gains.htmlMon, 23 Mar 2020 18:02:00 GMTVital Materials acquires German company FHR AnlagenbauChina-based minor metals producer Vital Materials has acquired the Germany-based company FHR Anlagenbau, Vital told Fastmarkets on Friday March 20.http://www.metalbulletin.com/Article/3924005/Vital-Materials-acquires-German-company-FHR-Anlagenbau.htmlMon, 23 Mar 2020 17:50:00 GMTEUROPE STAINLESS STEEL: Prices unchanged but market braced for slowdownThe price of stainless steel in the European domestic market was unchanged this week but the market was bracing itself for a substantial slowdown arising from the consequences of the 2019-nCoV coronavirus pandemic, Fastmarkets heard on Friday March 20. http://www.metalbulletin.com/Article/3924358/EUROPE-STAINLESS-STEEL-Prices-unchanged-but-market-braced-for-slowdown.htmlMon, 23 Mar 2020 17:43:00 GMTCIS STEEL SLAB: Prices slip on weaker finished steel prices, lack of demandSteel slab prices from the Commonwealth of Independent States dropped in the seven days to Monday March 23 following the weakening of finished flat steel prices and lower demand in the major outlets. http://www.metalbulletin.com/Article/3924554/CIS-STEEL-SLAB-Prices-slip-on-weaker-finished-steel-prices-lack-of-demand.htmlMon, 23 Mar 2020 17:05:00 GMTGlencore’s Koniambo curtails nickel production amid virus pandemicNew Caledonia’s Koniambo nickel mine, a joint venture between Switzerland-based commodity and mining firm Glencore and local miner Société Minière du Sud Pacifique (SMSP), has cut production in a bid to protect employees amid the global novel coronavirus (2019-nCoV) pandemic. http://www.metalbulletin.com/Article/3924549/Glencores-Koniambo-curtails-nickel-production-amid-virus-pandemic.htmlMon, 23 Mar 2020 16:50:00 GMTDAILY SCRAP REPORT: Market participants fear the worst in terms of coronavirus impactThe Turkish deep-sea scrap import market started the week in silence on Monday March 23, with some fearing the worst is yet to come with regard to the impact of the novel coronavirus (2019-nCoV), sources told Fastmarkets. http://www.metalbulletin.com/Article/3924553/DAILY-SCRAP-REPORT-Market-participants-fear-the-worst-in-terms-of-coronavirus-impact.htmlMon, 23 Mar 2020 16:42:00 GMTRUSSIA FLAT STEEL: Producers raise offers as rouble keeps losing valueFlat steel prices in Russia’s Central Federal District around Moscow continued to rise this week with the rouble losing further ground against the US dollar, while trading in the secondary market was reported to be slow, sources told Fastmarkets on Monday March 23. http://www.metalbulletin.com/Article/3924509/RUSSIA-FLAT-STEEL-Producers-raise-offers-as-rouble-keeps-losing-value.htmlMon, 23 Mar 2020 16:40:00 GMTFive ways the coronavirus is affecting the minors, ores and alloys markets The spread of the novel coronavirus (2019-nCoV) outside China has brought with it logistical restrictions, a reconsideration of raw material requirements and concerns over possible disruptions to supply in the coming weeks. http://www.metalbulletin.com/Article/3924546/Five-ways-the-coronavirus-is-affecting-the-minors-ores-and-alloys-markets.htmlMon, 23 Mar 2020 16:07:00 GMTArgentina lithium projects suspended on virus lockdown Argentina’s lithium brine industry have announced that they will suspend their on-site project works until the end of March after the Argentinian government imposed a nationwide lockdown to stem the spread of the novel coronavirus (2019-nCoV) in the country.http://www.metalbulletin.com/Article/3924547/Argentina-lithium-projects-suspended-on-virus-lockdown.htmlMon, 23 Mar 2020 15:46:00 GMTCoronavirus-linked supply concerns drive seaborne manganese ore prices upSeaborne prices for low- and high-grade manganese ore in China rose in the week to Friday March 20 after buying interest increased on concerns over possible supply disruptions amid the rapid spread of the novel coronavirus (2019-nCoV) in countries outside of China. http://www.metalbulletin.com/Article/3924453/Coronavirus-linked-supply-concerns-drive-seaborne-manganese-ore-prices-up.htmlMon, 23 Mar 2020 15:46:00 GMTLead refining at Glencore's San Gavino stops, Portovesme zinc continuesLead production at Glencore's San Gavino plant in Sardinia will cease on Monday March 23, but the company's zinc smelter Portovesme will continue operations, Fastmarkets understands. http://www.metalbulletin.com/Article/3924542/Lead-refining-at-Glencores-San-Gavino-stops-Portovesme-zinc-continues.htmlMon, 23 Mar 2020 15:37:00 GMTAnalysts forecast more pain for copper price after worst weekly drop since 2011 The copper price is coming off its worst week in almost a decade, but analysts feel there could be more downside for the metal as novel coronavirus (2019-nCoV) lockdowns globally wreck demand prospects. http://www.metalbulletin.com/Article/3924479/Analysts-forecast-more-pain-for-copper-price-after-worst-weekly-drop-since-2011.htmlMon, 23 Mar 2020 14:58:00 GMTEurope ferro-chrome prices 'tanking', logistical woes escalateThe market for high-carbon ferro-chrome delivered into Europe fell to its lowest since May 2009 amid profound uncertainty about the economy and growing logistics problems in response to the novel coronavirus (2019-nCoV) pandemic.http://www.metalbulletin.com/Article/3924481/Europe-ferro-chrome-prices-tanking-logistical-woes-escalate.htmlMon, 23 Mar 2020 14:55:00 GMTTURKEY FERROUS SCRAP: Prices fall sharply as some mills stop buyingTurkish domestic auto bundle scrap prices have fallen sharply over the past week, in line with declining scrap import values, with some mills stopping their scrap purchases, sources said on Monday March 23.http://www.metalbulletin.com/Article/3924477/TURKEY-FERROUS-SCRAP-Prices-fall-sharply-as-some-mills-stop-buying.htmlMon, 23 Mar 2020 14:30:00 GMTFreeport may cut Americas copper, molybdenum output after reviewFreeport-McMoran may reduce copper and molybdenum production in the Americas once it completes a review of its operations to target cost and capital expenditure cuts amid the novel coronavirus (2019-nCoV) pandemic, the company said. http://www.metalbulletin.com/Article/3924451/Freeport-may-cut-Americas-copper-molybdenum-output-after-review.htmlMon, 23 Mar 2020 13:44:00 GMTItaly orders shutdown of all non-essential production, but ArcelorMittal Italia to keep workingThe Italian government has ordered the closure of all non-essential production operations in the country, including steelmaking, as part of the measures to battle the 2019-nCoV coronavirus pandemic, prime minister Giuseppe Conte said on Saturday March 21. http://www.metalbulletin.com/Article/3924435/Italy-orders-shutdown-of-all-non-essential-production-but-ArcelorMittal-Italia-to-keep-working.htmlMon, 23 Mar 2020 13:25:00 GMTFerro-vanadium price drops continue amid spreading coronavirus uncertainty Ferro-vanadium prices continued to move down last week in Europe and China because of weaker demand for the alloy during the coronavirus pandemic. http://www.metalbulletin.com/Article/3924449/Ferro-vanadium-price-drops-continue-amid-spreading-coronavirus-uncertainty.htmlMon, 23 Mar 2020 13:09:00 GMTCovid-19: A message from Fastmarkets CEO Raju DaswaniFastmarkets will continue to provide the price data, news and analytics you rely on in these turbulent times.http://www.metalbulletin.com/Article/3924438/Covid-19-A-message-from-Fastmarkets-CEO-Raju-Daswani.htmlMon, 23 Mar 2020 13:00:00 GMTSentiment, prices continue to weaken in China's chrome market Prices for imported UG2 chrome ore and Chinese spot high-carbon ferro-chrome dropped in the week to Friday March 20 due to a bearish outlook for the stainless steel market. http://www.metalbulletin.com/Article/3924433/Sentiment-prices-continue-to-weaken-in-Chinas-chrome-market.htmlMon, 23 Mar 2020 12:08:00 GMTAfrican ore, alloy supply risk fears grow amid spread of coronavirus Ores and alloys markets participants, while still largely occupied with the effects of a slump in demand from China, are becoming nervous about the impact of the novel coronavirus (2019-nCoV) on metal and alloy-producing countries. http://www.metalbulletin.com/Article/3924424/African-ore-alloy-supply-risk-fears-grow-amid-spread-of-coronavirus.htmlMon, 23 Mar 2020 11:48:00 GMTCOKING COAL DAILY: Coronavirus spread grips ex-China markets, India in focus Seaborne coking coal prices retreated on Monday March 23, with fears of a global economic downturn taking hold due to the spread of the novel coronavirus (2019-nCoV), even though sentiment among Chinese participants was starting to become more optimistic. http://www.metalbulletin.com/Article/3924409/COKING-COAL-DAILY-Coronavirus-spread-grips-ex-China-markets-India-in-focus.htmlMon, 23 Mar 2020 11:42:00 GMTCOMMENT: Get ready for post-virus new world order for steel The 2019-nCoV pandemic is definitely a black swan event, one that nobody saw coming. http://www.metalbulletin.com/Article/3924405/COMMENT-Get-ready-for-post-virus-new-world-order-for-steel.htmlMon, 23 Mar 2020 11:41:00 GMTIRON ORE DAILY: Prices plummet with poor ex-China demand outlook hitting top consumerSeaborne iron ore prices plummeted on Monday March 23, with concerns about ex-Chinese demand took center stage, pushing Chinese participants to recalibrate their outlook on the steelmaking raw material.http://www.metalbulletin.com/Article/3924423/IRON-ORE-DAILY-Prices-plummet-with-poor-ex-China-demand-outlook-hitting-top-consumer.htmlMon, 23 Mar 2020 11:05:00 GMTLIVE FUTURES REPORT 23/03: LME copper near $4,500/t in 3% dip; nickel falls after fresh rewarrantingThe London Metal Exchange three-month copper price was lower during morning trading on Monday March 23, with continued selling pressure pushing copper to test support at $4,500 per tonne, while a rewarranting of 4,566 tonnes led to nickel's decline this morning. http://www.metalbulletin.com/Article/3924422/LIVE-FUTURES-REPORT-2303-LME-copper-near-4500t-in-3-dip-nickel-falls-after-fresh-rewarranting.htmlMon, 23 Mar 2020 10:32:00 GMTAsian slab import prices slump amid stronger coronavirus measuresImport prices for steel slab in Southeast Asia and East Asia have fallen over the past week in response to more stringent measures imposed by regional governments to combat the recent surge in regional novel coronavirus (2019-nCoV) cases.http://www.metalbulletin.com/Article/3924412/Asian-slab-import-prices-slump-amid-stronger-coronavirus-measures.htmlMon, 23 Mar 2020 10:31:00 GMTCHINA REBAR: Falling futures, stock pressure push down pricesChina’s domestic rebar prices dropped on Monday March 23 amid falling futures and destocking pressure. http://www.metalbulletin.com/Article/3924411/CHINA-REBAR-Falling-futures-stock-pressure-push-down-prices.htmlMon, 23 Mar 2020 10:03:00 GMTCHINA HRC: Futures slump on global lockdowns amid coronavirus spreadChina’s hot-rolled coil prices slumped on Monday March 23, with sentiment dampened after futures prices plunged amid global lockdowns due to the novel coronavirus (2019-nCoV) spread.http://www.metalbulletin.com/Article/3924416/CHINA-HRC-Futures-slump-on-global-lockdowns-amid-coronavirus-spread.htmlMon, 23 Mar 2020 10:00:00 GMTWEEKLY SCRAP WRAP: More price drops expected amid weakening sentimentGlobal ferrous scrap prices dropped again during the week to Friday March 20, with the spread of the novel coronavirus (2019-nCoV) continuing to weigh on markets and squeeze demand from steel mills.http://www.metalbulletin.com/Article/3924407/WEEKLY-SCRAP-WRAP-More-price-drops-expected-amid-weakening-sentiment.htmlMon, 23 Mar 2020 09:00:00 GMTMORNING VIEW: Selling dominates again after brief pause at end of last weekThe rebounds in the metals toward the end of last week do seem to have been countertrend moves as expected; this morning, Monday March 23, the base metals are down across the board on the London Metal Exchange and Shanghai Futures Exchange. http://www.metalbulletin.com/Article/3924410/MORNING-VIEW-Selling-dominates-again-after-brief-pause-at-end-of-last-week.htmlMon, 23 Mar 2020 08:30:00 GMTHOTTER ON METALS: LME floor a (temporary) pandemic victimThe London Metal Exchange has closed its open outcry trading floor and is using its electronic trading platform for price discovery as a precautionary measure amid the novel coronavirus (2019-nCoV) pandemic.http://www.metalbulletin.com/Article/3924396/HOTTER-ON-METALS-LME-floor-a-temporary-pandemic-victim.htmlMon, 23 Mar 2020 07:00:00 GMTLIVE FUTURES REPORT 23/03: SHFE base metals prices slide amid firm dollar, coronavirus-related lockdownsBase metals prices on the Shanghai Futures Exchange were down across the board at the close of morning trading on Monday March 23, with tin leading the complex lower with a fall of 5.5%http://www.metalbulletin.com/Article/3924406/LIVE-FUTURES-REPORT-2303-SHFE-base-metals-prices-slide-amid-firm-dollar-coronavirus-related-lockdowns.htmlMon, 23 Mar 2020 05:25:00 GMTChina's Shagang raises long steel prices for late MarchEastern China’s Shagang has increased the prices for its long steel products for bookings over the March 21-31 period, according to an announcement on Saturday March 21.http://www.metalbulletin.com/Article/3924399/Chinas-Shagang-raises-long-steel-prices-for-late-March.htmlMon, 23 Mar 2020 03:08:00 GMTBHP to restrict contract workers from entering Chile operationsBHP is to restrict the entry of workers from contractor companies at its Chilean operations for the next 15 days and said it will voluntarily assume the direct costs as an additional effort to prevent the spread of the novel coronavirus (2019-nCoV).http://www.metalbulletin.com/Article/3924397/BHP-to-restrict-contract-workers-from-entering-Chile-operations.htmlMon, 23 Mar 2020 02:30:00 GMTIN CASE YOU MISSED IT: 5 key stories from March 20Here are five Fastmarkets stories you might have missed on Friday March 20 that are worth another look.http://www.metalbulletin.com/Article/3924389/IN-CASE-YOU-MISSED-IT-5-key-stories-from-March-20.htmlMon, 23 Mar 2020 00:05:00 GMTBrazilian slab export prices fall sharply on muted demandSlab export prices from Brazilian producers dropped sharply in the week ended Friday March 20, with customers avoiding purchases amid uncertainty about the spread of the 2019-nCoV coronavirus pandemic. http://www.metalbulletin.com/Article/3924376/Brazilian-slab-export-prices-fall-sharply-on-muted-demand.htmlFri, 20 Mar 2020 20:00:00 GMTBATTERY RAW MATERIALS MARKET REPORT 20/03: Cobalt sulfate prices continue to slide amid weak demand, restockingAn overview of the battery raw materials markets and their price moves from the past week. http://www.metalbulletin.com/Article/3924344/BATTERY-RAW-MATERIALS-MARKET-REPORT-2003-Cobalt-sulfate-prices-continue-to-slide-amid-weak-demand.htmlFri, 20 Mar 2020 18:51:00 GMTGLOBAL CHROME SNAPSHOT: Lower Chinese alloy tenders, coronavirus spread in Europe pressure pricesKey data from the pricing sessions in Asia, Europe and the United States for the week ended Friday March 20.http://www.metalbulletin.com/Article/3924349/GLOBAL-CHROME-SNAPSHOT-Lower-Chinese-alloy-tenders-coronavirus-spread-in-Europe-pressure-prices.htmlFri, 20 Mar 2020 18:35:00 GMTMINOR METALS MARKET REPORT 20/03: Coronavirus outbreak in Europe dampens minor metalsAn overview of the minor metals markets and the reasons for their latest price moves.http://www.metalbulletin.com/Article/3924332/MINOR-METALS-MARKET-REPORT-2003-Coronavirus-outbreak-in-Europe-dampens-minor-metals.htmlFri, 20 Mar 2020 18:25:00 GMTCOPPER CONCS SNAPSHOT: TC/RCs retreat on South American mine, logistics disruptions Fastmarkets’ copper concentrates treatment and refining charge (TC/RC) index retreated during the week to Friday March 20 from its one-year high, reflecting expectations about falling supply from South American producers.http://www.metalbulletin.com/Article/3924337/COPPER-CONCS-SNAPSHOT-TCRCs-retreat-on-South-American-mine-logistics-disruptions.htmlFri, 20 Mar 2020 18:23:00 GMTEUROPE HRC: Domestic prices in north stabilize after previous dropDomestic prices in the north of Europe were unchanged day on day on Friday March 20 after a decrease the previous day, sources have told Fastmakets. http://www.metalbulletin.com/Article/3924359/EUROPE-HRC-Domestic-prices-in-north-stabilize-after-previous-drop.htmlFri, 20 Mar 2020 18:20:00 GMTUS PIG IRON: Market weakens on general economic slowdownThe pig iron market in the United States has weakened further due to the general economic slowdown caused by the novel coronavirus (2019-nCoV) pandemic, sources told Fastmarkets in the week to Friday March 20. http://www.metalbulletin.com/Article/3924365/US-PIG-IRON-Market-weakens-on-general-economic-slowdown.htmlFri, 20 Mar 2020 18:17:00 GMTNOBLE ALLOYS MARKET REPORT 20/03: Molybdenum, ferro-vanadium down while sell-off continues An overview of the noble alloys markets and the reasons for any price moves.http://www.metalbulletin.com/Article/3924354/NOBLE-ALLOYS-MARKET-REPORT-2003-Molybdenum-ferro-vanadium-down-while-sell-off-continues.htmlFri, 20 Mar 2020 18:10:00 GMTLIVE FUTURES REPORT 20/03: LME copper price closes well below $5,000/tThe copper price closed below $5,000 per tonne on the London Metal Exchange, having traded no higher than $4,938 per tonne earlier on Friday March 20.http://www.metalbulletin.com/Article/3924338/LIVE-FUTURES-REPORT-2003-LME-copper-price-closes-well-below-5000t.htmlFri, 20 Mar 2020 18:06:00 GMTGLOBAL MANGANESE SNAPSHOT: China seaborne ore price rises on concerns over impact of coronavirus on suppliesKey data from the pricing sessions in Asia, Europe and the United States for the week ending Friday March 20.http://www.metalbulletin.com/Article/3924356/GLOBAL-MANGANESE-SNAPSHOT-China-seaborne-ore-price-rises-on-concerns-over-impact-of-coronavirus-on.htmlFri, 20 Mar 2020 18:00:00 GMTUK SCRAP: Light iron market falls almost 19%The inter-merchant spot market for light iron scrap in the UK fell almost 19% over the week, marking an abrupt end to five weeks of stability, as major shredders cut their buying prices on expected weaker demand for steel from UK-based carmakers, sources told Fastmarkets.http://www.metalbulletin.com/Article/3924333/UK-SCRAP-Light-iron-market-falls-almost-19.htmlFri, 20 Mar 2020 17:59:00 GMTBrazilian pig iron export prices soften on weak real, low home demandExport prices for pig iron from Brazil softened during the week ended Friday March 20 because of the weakness of the country’s Real and lower demand in the domestic market. http://www.metalbulletin.com/Article/3924350/Brazilian-pig-iron-export-prices-soften-on-weak-real-low-home-demand.htmlFri, 20 Mar 2020 17:55:00 GMTEUROPE ALLOY STEEL SCRAP: Prices down with market expecting coronavirus-led downturn Stainless steel scrap prices in Europe and the UK decreased this week because traders expect the coronavirus outbreak to substantially weaken demand in the coming weeks and months, sources told Fastmarkets on Friday March 20. http://www.metalbulletin.com/Article/3924335/EUROPE-ALLOY-STEEL-SCRAP-Prices-down-with-market-expecting-coronavirus-led-downturn.htmlFri, 20 Mar 2020 17:50:00 GMTLiberty Steel to halt steelmaking plants in Belgium, Luxembourg on March 21Liberty Steel Group will halt operations at its Dudelange-Liege steelmaking sites tomorrow, sources told Fastmarkets on Friday, March 20. http://www.metalbulletin.com/Article/3924260/Liberty-Steel-to-halt-steelmaking-plants-in-Belgium-Luxembourg-on-March-21.htmlFri, 20 Mar 2020 17:44:00 GMTGlencore says no material impact on ops or supply chain from coronavirusGlencore is not experiencing any material disruptions at its operating assets or within its supply chain due to the novel coronavirus (2019-nCoV), it said, but it has experienced an impact on certain smaller operations where governments have imposed restrictions.http://www.metalbulletin.com/Article/3924261/Glencore-says-no-material-impact-on-ops-or-supply-chain-from-coronavirus.htmlFri, 20 Mar 2020 17:41:00 GMTLME to close floor on March 23, switch temporarily to electronic price discoveryThe London Metal Exchange will temporarily close its open outcry trading floor and go to electronic price discovery from Monday March 23 as a precautionary measure amid the coronavirus (2019-nCoV) pandemic, it said. http://www.metalbulletin.com/Article/3924352/LME-to-close-floor-on-March-23-switch-temporarily-to-electronic-price-discovery.htmlFri, 20 Mar 2020 17:32:00 GMTINDIA IMPORT SCRAP: Trading pauses on exchange rate fallsThe price of ferrous scrap imported into India has continued to fall after changes in exchange rates made imports unviable, sources told Fastmarkets on Friday March 20. http://www.metalbulletin.com/Article/3924322/INDIA-IMPORT-SCRAP-Trading-pauses-on-exchange-rate-falls.htmlFri, 20 Mar 2020 17:30:00 GMTEU CARMAKER CLOSURES 20/03: Volvo closes more sites; Jaguar Land Rover UK suspends opsAutomotive manufacturers in Europe have announced production suspensions at sites across the continent caused by supply chain issues and problems created by the measures taken by governments to restrict the spread of the 2019-nCoV coronavirus pandemic.http://www.metalbulletin.com/Article/3924024/EU-CARMAKER-CLOSURES-2003-Volvo-closes-more-sites-Jaguar-Land-Rover-UK-suspends-ops.htmlFri, 20 Mar 2020 17:26:00 GMTCIS STEEL BILLET: Market continues decline with new bookingExport steel billet prices from the Commonwealth of Independent States (CIS) continued to slide after a nosedive on Friday March 20, following the slump in import scrap prices earlier in the week. http://www.metalbulletin.com/Article/3924330/CIS-STEEL-BILLET-Market-continues-decline-with-new-booking.htmlFri, 20 Mar 2020 17:25:00 GMTDAILY SCRAP REPORT: Market quiet after sharp fallThe Turkish deep-sea scrap import market was quiet on Friday March 20, following a sharp decline in prices that came earlier in the week, sources told Fastmarkets.http://www.metalbulletin.com/Article/3924194/DAILY-SCRAP-REPORT-Market-quiet-after-sharp-fall.htmlFri, 20 Mar 2020 17:14:00 GMTIndian secondary billet prices down $12 on weak demandWeak demand for semi-finished steel from finished product makers, and falls in the prices of raw materials, pulled down the domestic price for secondary steel billet in India by 900 rupees ($12) per tonne in the week ended Friday March 20. http://www.metalbulletin.com/Article/3924326/Indian-secondary-billet-prices-down-12-on-weak-demand.htmlFri, 20 Mar 2020 17:12:00 GMTGLOBAL FERRO-SILICON SNAPSHOT: US spot prices continue to surge on limited spot supplyKey data from the pricing sessions in Asia, Europe and the United States for the week ended Friday March 20.http://www.metalbulletin.com/Article/3924334/GLOBAL-FERRO-SILICON-SNAPSHOT-US-spot-prices-continue-to-surge-on-limited-spot-supply.htmlFri, 20 Mar 2020 17:10:00 GMTFOCUS: Low LME Al price has smelters watching margins; raw materials reactThe falling price of aluminium on the London Metal Exchange, combined with a weakening supply picture in Europe, is putting pressure on smelters’ profit margins, but there are no reports of production cuts in the market yet, Fastmarkets understands.http://www.metalbulletin.com/Article/3924062/FOCUS-Low-LME-Al-price-has-smelters-watching-margins-raw-materials-react.htmlFri, 20 Mar 2020 16:55:00 GMTArcelorMittal France to halt two blast furnaces at Fos-sur-Mer and Dunkirk plantsArcelorMittal will idle two blast furnaces (BF) at its Fos-sur-Mer and Dunkirk plants due to the coronavirus (2019-nCoV) pandemic, it told Fastmarkets on Friday March 20.http://www.metalbulletin.com/Article/3923988/ArcelorMittal-France-to-halt-two-blast-furnaces-at-Fos-sur-Mer-and-Dunkirk-plants.htmlFri, 20 Mar 2020 16:50:00 GMTCIS PIG IRON: Market down on buyers' pessimismThe market for pig iron exports from the Commonwealth of Independent States softened further during the week ended Thursday March 20 because of buyers’ pessimistic mood. http://www.metalbulletin.com/Article/3924197/CIS-PIG-IRON-Market-down-on-buyers-pessimism.htmlFri, 20 Mar 2020 16:50:00 GMTTURKEY FLAT STEEL: Prices drop amid scarce bookingsFlat steel prices decreased in Turkey during the week to Friday March 20, on weak demand and fears of further spread of the novel coronavirus (2019-nCoV) in the country.http://www.metalbulletin.com/Article/3924110/TURKEY-FLAT-STEEL-Prices-drop-amid-scarce-bookings.htmlFri, 20 Mar 2020 16:33:00 GMTPRICING NOTICE: Delayed publication of chrome ore South Africa UG2 concentrates index basis 42%, cif China, ferro-chrome lumpy Cr benchmark Europe indicatorFastmarkets published its chrome ore South Africa UG2 concentrates index basis 42%, cif China and ferro-chrome lumpy Cr benchmark indicator late on Friday March 20 due to a technical error.http://www.metalbulletin.com/Article/3924196/PRICING-NOTICE-Delayed-publication-of-chrome-ore-South-Africa-UG2-concentrates-index-basis-42-cif.htmlFri, 20 Mar 2020 15:44:00 GMTTURKEY COATED FLAT STEEL: Prices fall on weak scrap market, virus fearsTurkish domestic prices for hot-dipped galvanized coil (HDG) and color-coated coil decreased again in the week to Friday March 20, amid weak demand, sources told Fastmarkets.http://www.metalbulletin.com/Article/3924164/TURKEY-COATED-FLAT-STEEL-Prices-fall-on-weak-scrap-market-virus-fears.htmlFri, 20 Mar 2020 15:34:00 GMTSHFE STOCKS REPORT 20/03: lead stocks tumble by 32%; aluminium up by nearly 3%Lead stocks in Shanghai Futures Exchange-approved warehouses slumped the most of all the base metals in percentage terms - by 31.9% - to 22,514 tonnes in the week to Friday March 20. http://www.metalbulletin.com/Article/3924111/SHFE-STOCKS-REPORT-2003-lead-stocks-tumble-by-32-aluminium-up-by-nearly-3.htmlFri, 20 Mar 2020 15:28:00 GMTPOLAND REBAR: Prices increase as zloty loses value against euroRebar prices in Poland have started to increase despite flat scrap values because the Polish zloty has lost ground against the euro, sources told Fastmarkets on Friday March 20. http://www.metalbulletin.com/Article/3924061/POLAND-REBAR-Prices-increase-as-zloty-loses-value-against-euro.htmlFri, 20 Mar 2020 15:08:00 GMTHudbay temporarily shuts down Peru's Constancia copper mineCanada-based miner Hudbay Minerals will temporarily shut down its Constancia copper mine in Peru following the state of emergency declared by the government earlier this week amid the novel coronavirus (2019-nCoV) pandemic, the company said on Friday March 20.http://www.metalbulletin.com/Article/3924079/Hudbay-temporarily-shuts-down-Perus-Constancia-copper-mine.htmlFri, 20 Mar 2020 15:03:00 GMTCHINA MINOR METALS MARKET REPORT 20/03: Gallium gains on supply cut; negative overseas demand concerns upAn overview of the Chinese minor metals markets and the reasons for their latest price moves. http://www.metalbulletin.com/Article/3924053/CHINA-MINOR-METALS-MARKET-REPORT-2003-Gallium-gains-on-supply-cut-negative-overseas-demand-concerns.htmlFri, 20 Mar 2020 14:00:00 GMTVirus hits Chinese non-ferrous scrap processors hard; capacity in half - CMRA Chinese non-ferrous scrap processors have halved their operation capacity while demand for copper semi-finished products, auto parts and battery waned following the coronavirus (2019-nCoV) outbreak for the first quarter, according to an industry briefing on scrap metal.http://www.metalbulletin.com/Article/3924071/Virus-hits-Chinese-non-ferrous-scrap-processors-hard-capacity-in-half-CMRA.htmlFri, 20 Mar 2020 14:00:00 GMTCHINA ALUMINA SNAPSHOT: Price declines again on poor demand, downstream weaknessKey data from Fastmarkets’ pricing session in Shanghai on Thursday March 19.http://www.metalbulletin.com/Article/3924016/CHINA-ALUMINA-SNAPSHOT-Price-declines-again-on-poor-demand-downstream-weakness.htmlFri, 20 Mar 2020 13:44:00 GMTGLOBAL LITHIUM WRAP: China battery-grade lithium carbonate hits new low, EU automaker closures to add pressureThe Chinese domestic spot battery-grade lithium carbonate price fell by 2.1% on Thursday March 19 hitting a new low, with more European carmakers closing production due to the spread of the coronavirus (2019-nCoV) and market participants feeling increasing pressure on the whole market.http://www.metalbulletin.com/Article/3924074/GLOBAL-LITHIUM-WRAP-China-battery-grade-lithium-carbonate-hits-new-low-EU-automaker-closures-to-add.htmlFri, 20 Mar 2020 13:24:00 GMTSOUTH KOREA SCRAP: Buyers opt for cargoes from Japan, RussiaSouth Korean steel producers entered the market to book cargoes from Japan and Russia over the past week due to uncompetitive offer prices from the United States West Coast, sources told Fastmarkets on Friday March 20.http://www.metalbulletin.com/Article/3924060/SOUTH-KOREA-SCRAP-Buyers-opt-for-cargoes-from-Japan-Russia.htmlFri, 20 Mar 2020 13:13:00 GMTIRON ORE DAILY: Mid-grade prices drop below $90 per tonneSeaborne iron ore prices plunged on Friday March 20 as concerns about the impact of the novel coronavirus (2019-nCoV) on downstream businesses outside China emerged. http://www.metalbulletin.com/Article/3924058/IRON-ORE-DAILY-Mid-grade-prices-drop-below-90-per-tonne.htmlFri, 20 Mar 2020 12:55:00 GMTCOKING COAL DAILY: China prices diverge from those outside ChinaSeaborne coking coking coal prices moved in different directions on Friday March 20, with the fob-Australia index dropping amid demand concerns, while cfr-China prices were pushed higher by a transaction, indicating improved demand for the raw material in the country.http://www.metalbulletin.com/Article/3924055/COKING-COAL-DAILY-China-prices-diverge-from-those-outside-China.htmlFri, 20 Mar 2020 12:20:00 GMTLIVE FUTURES REPORT 20/03: LME base metals prices stage modest recovery; 60kt inflow caps Al gainsBase metals prices on the London Metal Exchange were markedly higher during morning trading on Friday March 20, with most three-month prices gaining more than 3% over the Asian trading hours, while a fresh inflow of some 65,175 tonnes of aluminium doused the light metal’s price recovery. http://www.metalbulletin.com/Article/3924052/LIVE-FUTURES-REPORT-2003-LME-base-metals-prices-stage-modest-recovery-60kt-inflow-caps-Al-gains.htmlFri, 20 Mar 2020 11:05:00 GMTCHINA HRC: Market confidence grows on no new local infectionsChina’s domestic hot-rolled coil prices were largely stable on Friday March 20 on the news of no new local infections of the novel coronavirus (2019-nCoV), but market participants expect export offers to drop soon on fierce global competition.http://www.metalbulletin.com/Article/3924020/CHINA-HRC-Market-confidence-grows-on-no-new-local-infections.htmlFri, 20 Mar 2020 10:25:00 GMTASIA FERROUS SCRAP: Vietnam buyers stay away despite narrowing US-Japan offersAsian ferrous scrap buyers remained on the sidelines this week amid expectations of spot prices falling further. http://www.metalbulletin.com/Article/3924009/ASIA-FERROUS-SCRAP-Vietnam-buyers-stay-away-despite-narrowing-US-Japan-offers.htmlFri, 20 Mar 2020 10:20:00 GMTCHINA REBAR: Prices flat amid futures loss but demand strongChina’s domestic rebar prices were flat on Friday March 20 supported by strong demand in the spot market, although futures moved down. http://www.metalbulletin.com/Article/3924018/CHINA-REBAR-Prices-flat-amid-futures-loss-but-demand-strong.htmlFri, 20 Mar 2020 09:45:00 GMTCisa highlights importance of ‘real’ transactions in calculation of iron ore indicesThe China Iron & Steel Association (Cisa) has said that iron ore indices should be based on “real market transactions rather than being influenced by futures and swaps curves.” http://www.metalbulletin.com/Article/3924015/Cisa-highlights-importance-of-real-transactions-in-calculation-of-iron-ore-indices.htmlFri, 20 Mar 2020 09:06:00 GMTMORNING VIEW: Pause in selling leads to some uplift, but risks still lie to the downsideAsian Pacific equity indices are firmer this morning, Friday March 20, as are many of the base metals and all of the precious metals, but given the worst no doubt lies ahead in terms of weaker demand for non-household consumables in Europe and the United States, the current upturn may be a countertrend move or a two-thirds-of-the-way-down pause.http://www.metalbulletin.com/Article/3924017/MORNING-VIEW-Pause-in-selling-leads-to-some-uplift-but-risks-still-lie-to-the-downside.htmlFri, 20 Mar 2020 09:03:00 GMTVale's Malaysian iron ore distribution center to continue operations despite earlier warning of possible suspensionVale’s iron ore distribution and blending center at the Teluk Rubiah Maritime Terminal (TRMT) in Malaysia will continue working after all, Vale said on Friday March 20, having earlier warned that operations might be suspended at the end of the month.http://www.metalbulletin.com/Article/3924014/Vales-Malaysian-iron-ore-distribution-center-to-continue-operations-despite-earlier-warning-of.htmlFri, 20 Mar 2020 07:41:00 GMTBrazilian steel industry operating normally but confidence down, Aço Brasil saysThe Brazilian steel sector is operating "at normal levels", despite a decrease in confidence because of the spread of the novel coronavirus (2019-nCoV), national steel association Aço Brasil said.http://www.metalbulletin.com/Article/3924006/Brazilian-steel-industry-operating-normally-but-confidence-down-Ao-Brasil-says.htmlFri, 20 Mar 2020 06:50:00 GMTLIVE FUTURES REPORT 20/03: Relief rally underway in SHFE base metals; Cu up 2%Base metals prices on the Shanghai Futures Exchange were up across the board at the close of the morning trading session on Friday March 20, with the complex benefiting from the emergence of some modest optimism in broader markets.http://www.metalbulletin.com/Article/3924011/LIVE-FUTURES-REPORT-2003-Relief-rally-underway-in-SHFE-base-metals-Cu-up-2.htmlFri, 20 Mar 2020 05:26:00 GMTFord to suspend output in Brazil, Argentina from next week amid coronavirus pandemicFord Motor Co has decided to temporarily halt production at its sites in Brazil and Argentina from next week due to the novel coronavirus (2019-nCoV) outbreak, the company said on Thursday March 19.http://www.metalbulletin.com/Article/3924002/Ford-to-suspend-output-in-Brazil-Argentina-from-next-week-amid-coronavirus-pandemic.htmlFri, 20 Mar 2020 04:48:00 GMTTesla to suspend most production in California, New YorkTesla is to temporarily suspend production at its factory in Fremont, in the US state of California, from the end of Monday March 23 in an effort to limit the spread of the novel coronavirus (2019-nCoV). http://www.metalbulletin.com/Article/3924001/Tesla-to-suspend-most-production-in-California-New-York.htmlFri, 20 Mar 2020 03:51:00 GMTHydro takes action to limit coronavirus' impact on operationsNorwegian aluminum producer Norsk Hydro has announced a number of measures to contain the spread of the novel coronavirus (2019-nCoV) across its global operations but maintains that the operational impact of the virus has so far been limited.http://www.metalbulletin.com/Article/3923830/Hydro-takes-action-to-limit-coronavirus-impact-on-operations.htmlFri, 20 Mar 2020 03:26:00 GMTIN CASE YOU MISSED IT: 5 key stories from March 19Here are five Fastmarkets stories you might have missed on Thursday March 19 that are worth another look.http://www.metalbulletin.com/Article/3923997/IN-CASE-YOU-MISSED-IT-5-key-stories-from-March-19.htmlFri, 20 Mar 2020 00:05:00 GMTEUROPE HRC: Domestic prices tumble in north after carmakers close plantsDomestic prices in Europe for hot-rolled coil have fallen by €7.31 per tonne day on day following a slump in demand, sources told Fastmarkets on Thursday March 19. http://www.metalbulletin.com/Article/3923986/EUROPE-HRC-Domestic-prices-tumble-in-north-after-carmakers-close-plants.htmlThu, 19 Mar 2020 20:05:00 GMTAperam to pause European production due to Covid-19Luxembourg-headquartered stainless steel producer Aperam will pause production at some of its European production lines because of the coronavirus (2019-nCoV) outbreak, the company announced on Thursday March 19. http://www.metalbulletin.com/Article/3923976/Aperam-to-pause-European-production-due-to-Covid-19.htmlThu, 19 Mar 2020 18:28:00 GMTLIVE FUTURES REPORT 19/03: LME copper hits 2% bounce at close; standout volume for nickelThe London Metal Exchange three-month copper price slightly improved at the close on Thursday March 19, up by 2% but firmly below the $5,000-per-tonne resistance level, while nickel recorded its highest daily trading volume since November 2016. http://www.metalbulletin.com/Article/3923972/LIVE-FUTURES-REPORT-1903-LME-copper-hits-2-bounce-at-close-standout-volume-for-nickel.htmlThu, 19 Mar 2020 18:05:00 GMTFOCUS: Japan Al demand keeps falling; 2019 imports drop 11.2% y-o-yJapan’s demand for aluminium is the highest in Asia but recently has been falling fast due to a slowing economy and the coronavirus (2019-nCoV) outbreak affecting downstream demand. http://www.metalbulletin.com/Article/3923852/FOCUS-Japan-Al-demand-keeps-falling-2019-imports-drop-112-y-o-y.htmlThu, 19 Mar 2020 17:40:00 GMTArcelorMittal to temporarily idle flat steel capacities in SpainArcelorMittal will temporarily idle blast furnace (BF) A in Asturias and some other equipment “in around 15 days” in Spain, the company’s spokesman told Fastmarkets on Thursday March 19.http://www.metalbulletin.com/Article/3923961/ArcelorMittal-to-temporarily-idle-flat-steel-capacities-in-Spain.htmlThu, 19 Mar 2020 17:02:00 GMTEC to set provisional anti-dumping duties on stainless steel from Indonesia, China, TaiwanThe European Commission is to set provisional anti-dumping duties on hot-rolled stainless steel imports from Indonesia, China and Taiwan on April 12. http://www.metalbulletin.com/Article/3923932/EC-to-set-provisional-anti-dumping-duties-on-stainless-steel-from-Indonesia-China-Taiwan.htmlThu, 19 Mar 2020 16:56:00 GMTALUMINA SNAPSHOT: Index drops 4.6% amid low Al price, weak Chinese demandKey pricing data from the alumina index, fob Australia pricing session on Thursday March 19. http://www.metalbulletin.com/Article/3923933/ALUMINA-SNAPSHOT-Index-drops-46-amid-low-Al-price-weak-Chinese-demand.htmlThu, 19 Mar 2020 16:48:00 GMTDAILY SCRAP REPORT: Market quiet again after earlier sharp declineThe Turkish deep-sea scrap import market was quiet on Thursday March 19, despite a sharp decrease in prices the day before, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3923925/DAILY-SCRAP-REPORT-Market-quiet-again-after-earlier-sharp-decline.htmlThu, 19 Mar 2020 16:42:00 GMTEGYPT STEEL BILLET, REBAR: Billet import prices fall, market activity limitedSteel billet import prices in Egypt fell in the week to Thursday March 19, but there was no resulting pick-up in demand, sources told Fastmarkets. http://www.metalbulletin.com/Article/3923867/EGYPT-STEEL-BILLET-REBAR-Billet-import-prices-fall-market-activity-limited.htmlThu, 19 Mar 2020 16:24:00 GMTCIS STEEL BILLET: Market nosedives following scrapPrices in the Commonwealth of Independent (CIS) export billet market slumped on Thursday March 19 following the sharp drop in import steel scrap prices in Turkey a day earlier.http://www.metalbulletin.com/Article/3923929/CIS-STEEL-BILLET-Market-nosedives-following-scrap.htmlThu, 19 Mar 2020 16:12:00 GMTTURKEY LONG STEEL: Prices up on weaker lira, market quiet amid coronavirus fearsDomestic prices for long steel products in Turkey have increased over the past seven days due to the country’s weaker lira, but demand was very poor because of the 2019-nCoV coronavirus pandemic, sources said on Thursday March 19. http://www.metalbulletin.com/Article/3923866/TURKEY-LONG-STEEL-Prices-up-on-weaker-lira-market-quiet-amid-coronavirus-fears.htmlThu, 19 Mar 2020 14:37:00 GMTUpdates on South America's copper, zinc, lead disruption amid lockdown As of Thursday March 19, more copper, zinc and lead producers have reduced or halted operation in light of the rapidly changing conditions arising from travel restrictions in place across South American countries.http://www.metalbulletin.com/Article/3923863/Updates-on-South-Americas-copper-zinc-lead-disruption-amid-lockdown.htmlThu, 19 Mar 2020 14:12:00 GMTBANGLADESH SCRAP: Import prices drop on virus lockdown fearsPrices for bulk ferrous scrap cargoes imported into Bangladesh have fallen over the past week amid a deterioration in international scrap prices and heightened disruption created by the 2019-nCoV coronavirus pandemic, market sources told Fastmarkets on Thursday March 19. http://www.metalbulletin.com/Article/3923851/BANGLADESH-SCRAP-Import-prices-drop-on-virus-lockdown-fears.htmlThu, 19 Mar 2020 13:02:00 GMTCOKING COAL DAILY: Seaborne premium prices strong while traders standby Seaborne premium hard coking coal prices showed little movement on Thursday March 19 while concerns about the global economic outlook persisted, although one trade involving a premium mid-vol cargo pushed the premium hard coking coal cfr China index up.http://www.metalbulletin.com/Article/3923848/COKING-COAL-DAILY-Seaborne-premium-prices-strong-while-traders-standby.htmlThu, 19 Mar 2020 12:05:00 GMTIRON ORE DAILY: Prices retreat while physical supply fears, futures volatility weighSeaborne iron ore prices dropped on Thursday March 19, though uncertainty about supply persisted and the futures prices on the Dalian Commodity Exchange regained some losses made earlier in the morning. http://www.metalbulletin.com/Article/3923850/IRON-ORE-DAILY-Prices-retreat-while-physical-supply-fears-futures-volatility-weigh.htmlThu, 19 Mar 2020 11:50:00 GMTMarket panic freezes copper physical trades in China; fabricators running higher ratesPhysical trading for copper in China has ground to a halt after the tumbling copper price on the Shanghai Futures Exchange (SHFE) startled the market, Fastmarkets heard.http://www.metalbulletin.com/Article/3923843/Market-panic-freezes-copper-physical-trades-in-China-fabricators-running-higher-rates.htmlThu, 19 Mar 2020 11:35:00 GMTCHINA HRC: Export market quiet, buyers waiting for lower offersChina’s hot-rolled coil prices dropped on Thursday March 19 after a slump in futures in the morning, while buyers sat on the sidelines in the export market waiting for lower offers. http://www.metalbulletin.com/Article/3923842/CHINA-HRC-Export-market-quiet-buyers-waiting-for-lower-offers.htmlThu, 19 Mar 2020 10:51:00 GMTMMG’s Las Bambas cut operations to restrict Covid-19 spreadMMG temporarily reduced productions at its Peruvian copper mine-Las Bambas following the local governments' declaration of a 15-day state of national emergency to contain the coronavirus (2019-nCoV), the Australian-Chinese miner said on Thursday March 19.http://www.metalbulletin.com/Article/3923839/MMGs-Las-Bambas-cut-operations-to-restrict-Covid-19-spread.htmlThu, 19 Mar 2020 10:25:00 GMTSE Asian billet import prices steady despite emerging market currency routPrices in Southeast Asia’s steel billet market were unchanged despite a slump in emerging market currencies following investors’ preference for haven assets in uncertain economic conditions, Fastmarkets heard.http://www.metalbulletin.com/Article/3923838/SE-Asian-billet-import-prices-steady-despite-emerging-market-currency-rout.htmlThu, 19 Mar 2020 10:10:00 GMTLIVE FUTURES REPORT 19/03: Selling frenzy sees LME copper price continue freefall; fresh 46kt inflow puts pressure on aluminiumThe three-month copper price on the London Metal Exchange was lower during morning trading on Thursday March 19, with selling pressure and high turnover prompting a further 1% decline, while a fresh inflow of some 46,475 tonnes of aluminium saw the light metal top the losses over the morning. http://www.metalbulletin.com/Article/3923847/LIVE-FUTURES-REPORT-1903-Selling-frenzy-sees-LME-copper-price-continue-freefall-fresh-46kt-inflow.htmlThu, 19 Mar 2020 10:08:00 GMTCHINA REBAR: Buyers replenish inventories on lower pricesChina’s domestic rebar prices dropped on Thursday March 19 on futures losses, with buyers then taking the chance to raise procurement rates. http://www.metalbulletin.com/Article/3923840/CHINA-REBAR-Buyers-replenish-inventories-on-lower-prices.htmlThu, 19 Mar 2020 09:54:00 GMTPRICING NOTICE: Launch of Bangladesh, South Korea ferrous scrap pricesFastmarkets announces the launch of import ferrous scrap prices for the markets of Bangladesh and South Korea.http://www.metalbulletin.com/Article/3923844/PRICING-NOTICE-Launch-of-Bangladesh-South-Korea-ferrous-scrap-prices.htmlThu, 19 Mar 2020 09:46:00 GMTNexa Resources curbs Peruvian mining, smelting ops due to state of emergencyMulti-metals producer Nexa Resources has suspended mining and limited smelting operations in Peru after the local government declared a state of emergency and closed its borders due to the coronavirus (2019-nCoV) pandemic, the company said on Thursday March 19.http://www.metalbulletin.com/Article/3923832/Nexa-Resources-curbs-Peruvian-mining-smelting-ops-due-to-state-of-emergency.htmlThu, 19 Mar 2020 09:01:00 GMTCobalt hydroxide payables succumb to weak demand, coronavirus concernsThe fall in cobalt hydroxide payables has accelerated over the past week on increasing concerns about a slowdown in the global economy and electric vehicle (EV) production due to the global spread of the novel coronavirus (2019-nCoV). http://www.metalbulletin.com/Article/3923833/Cobalt-hydroxide-payables-succumb-to-weak-demand-coronavirus-concerns.htmlThu, 19 Mar 2020 08:55:00 GMTMORNING VIEW: Risk-off dominated in Asian trading, but some rebound being seen as Europe opensWhile risk-off dominates and even though governments are prepared to throw money at the financial system and into economies and households, the likelihood is that more factories will close, household spending will fall, as will demand for raw materials, but there may be some dead cat bounces along the way.http://www.metalbulletin.com/Article/3923834/MORNING-VIEW-Risk-off-dominated-in-Asian-trading-but-some-rebound-being-seen-as-Europe-opens.htmlThu, 19 Mar 2020 08:47:00 GMTLIVE FUTURES REPORT 19/03: SHFE base metals prices down heavily again; Sn plunges 7.8%Base metals prices on the Shanghai Futures Exchange were down across the board at the close of morning trading on Thursday March 19 amid continued broad-based risk aversion, with tin leading the complex lower with a drop of 7.8%.http://www.metalbulletin.com/Article/3923831/LIVE-FUTURES-REPORT-1903-SHFE-base-metals-prices-down-heavily-again-Sn-plunges-78.htmlThu, 19 Mar 2020 05:47:00 GMTFOCUS: Steep declines for LME base metals prices amid coronavirus pandemic; copper down 22% since Jan [CORRECTED]A round-up of the London Metal Exchange three-month base metals price movements following the outbreak and subsequent spread of the novel coronavirus (2019-nCoV).http://www.metalbulletin.com/Article/3923773/FOCUS-Steep-declines-for-LME-base-metals-prices-amid-coronavirus-pandemic-copper-down-22-since-Jan.htmlThu, 19 Mar 2020 05:05:00 GMTChina’s stainless steel prices down on soft demandChina’s domestic stainless steel prices and export prices for stainless steel cold-rolled coil fell over the past week due to weakened demand, while a decline in the cost of nickel also put prices under pressure. http://www.metalbulletin.com/Article/3923829/Chinas-stainless-steel-prices-down-on-soft-demand.htmlThu, 19 Mar 2020 04:23:00 GMTCodelco to cut operations amid Chilean state of emergencyChilean copper miner Codelco will reduce its operations to comply with a state of emergency announced by the government in an attempt to curb the spread of the novel coronavirus (2019-nCoV), the state-owned company said on Wednesday March 18.http://www.metalbulletin.com/Article/3923825/Codelco-to-cut-operations-amid-Chilean-state-of-emergency.htmlThu, 19 Mar 2020 03:41:00 GMTHOTTER ON METALS: The coronavirus’ double whammy supply-demand shockWhile countries start to lock down their borders to prevent the spread of the novel coronavirus (2019-nCoV), mining companies are beginning to halt production, delay projects and withdraw staff. http://www.metalbulletin.com/Article/3923823/HOTTER-ON-METALS-The-coronavirus-double-whammy-supply-demand-shock.htmlThu, 19 Mar 2020 02:47:00 GMTCoronavirus fears, weakening sentiment start to hit cobalt pricesCobalt prices have come under pressure so far this week amid expectations of weak demand in the coming months while the spread of the novel coronavirus (2019-nCov) slows consumption and global economic growth. http://www.metalbulletin.com/Article/3923821/Coronavirus-fears-weakening-sentiment-start-to-hit-cobalt-prices.htmlThu, 19 Mar 2020 02:32:00 GMTRio Tinto temporarily halts Kennecott copper mine after earthquakeRio Tinto has temporarily halted all operations at its Kennecott copper mine in the US state of Utah following a 5.7-magnitude earthquake near the site earlier on Wednesday March 18. http://www.metalbulletin.com/Article/3923810/Rio-Tinto-temporarily-halts-Kennecott-copper-mine-after-earthquake.htmlThu, 19 Mar 2020 02:13:00 GMTIN CASE YOU MISSED IT: 5 key stories from March 18Here are five Fastmarkets stories you might have missed on Wednesday March 18 that are worth another look.http://www.metalbulletin.com/Article/3923819/IN-CASE-YOU-MISSED-IT-5-key-stories-from-March-18.htmlThu, 19 Mar 2020 00:05:00 GMTBASE METALS WARRANT REPORT 18/03A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday March 18.http://www.metalbulletin.com/Article/3923771/BASE-METALS-WARRANT-REPORT-1803.htmlWed, 18 Mar 2020 21:21:00 GMTMINOR METALS MARKET REPORT 18/03: Antimony, manganese flake soften on dull tradingAn overview of the minor metals markets and the reasons behind the latest price moves. http://www.metalbulletin.com/Article/3923775/MINOR-METALS-MARKET-REPORT-1803-Antimony-manganese-flake-soften-on-dull-trading.htmlWed, 18 Mar 2020 20:48:00 GMTCoronavirus hits more steel producers in EuropeMore European steel producers have announced production cuts and equipment stoppages because of the measures being taken to combat the 2019-nCoV coronavirus pandemic, sources told Fastmarkets on Wednesday March 18. http://www.metalbulletin.com/Article/3923785/Coronavirus-hits-more-steel-producers-in-Europe.htmlWed, 18 Mar 2020 20:15:00 GMTEUROPE HRC: Sentiment turns gloomy as more consumers close operationsThe mood in the European hot-rolled coil market has been negative since the announcements of plant closures by a number of major car manufacturers, sources told Fastmarkets on Wednesday March 18. http://www.metalbulletin.com/Article/3923787/EUROPE-HRC-Sentiment-turns-gloomy-as-more-consumers-close-operations.htmlWed, 18 Mar 2020 19:25:00 GMTEU new car sales down 7.4% year on year in FebruarySales of passenger cars in the EU dropped by 7.41% year on year in February 2020, the second consecutive monthly decline. http://www.metalbulletin.com/Article/3923796/EU-new-car-sales-down-74-year-on-year-in-February.htmlWed, 18 Mar 2020 19:07:00 GMTEUROPE SECTIONS: Prices hold up as trading slows downPrices for hollow steel sections in Europe were unchanged this week despite a slowdown in trading while the 2019-nCoV coronavirus spread across the region, sources told Fastmarkets on Wednesday March 18. http://www.metalbulletin.com/Article/3923783/EUROPE-SECTIONS-Prices-hold-up-as-trading-slows-down.htmlWed, 18 Mar 2020 18:48:00 GMTEUROPE REBAR: Prices rise on tighter availability, rising delivery costs, impact of coronavirusRebar prices in the EU have started to rise on tighter availability, driven by higher transportation costs and lower scrap collection rates, while the novel coronavirus (2019-nCoV) has put the brakes on demand, sources told Fastmarkets on Wednesday, March 18. http://www.metalbulletin.com/Article/3923631/EUROPE-REBAR-Prices-rise-on-tighter-availability-rising-delivery-costs-impact-of-coronavirus.htmlWed, 18 Mar 2020 18:41:00 GMTEUROPE BEAMS: Trading disrupted by virus lockdowns but prices hold firmThe price for steel H-beams in Europe was unchanged in the week ended Wednesday March 18, despite the disruption in the markets caused by the spread of the 2019-nCoV coronavirus throughout the continent, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3923781/EUROPE-BEAMS-Trading-disrupted-by-virus-lockdowns-but-prices-hold-firm.htmlWed, 18 Mar 2020 18:28:00 GMTAurania withdraws staff from Lost Cities copper-gold project in EcuadorAurania Resources is pulling its staff from its copper and precious metals projects in Ecuador while the country enters lockdown mode in an effort to tackle the 2019-nCoV coronavirus pandemic. http://www.metalbulletin.com/Article/3923791/Aurania-withdraws-staff-from-Lost-Cities-copper-gold-project-in-Ecuador.htmlWed, 18 Mar 2020 18:27:00 GMTLIVE FUTURES REPORT 18/03: LME copper price sinks by 8% to lowest in three-and-a-half yearsThe LME copper price was sharply lower at the close of trading on Wednesday March 18, dropping by more than 8% because of broad-based risk-aversion, but the LME lead price surprisingly made gains over the afternoon. http://www.metalbulletin.com/Article/3923794/LIVE-FUTURES-REPORT-1803-LME-copper-price-sinks-by-8-to-lowest-in-three-and-a-half-years.htmlWed, 18 Mar 2020 18:20:00 GMTAurubis initiates share buyback plan, aims to buy up to 10% of own equityEurope's top copper smelter, Aurubis, has said it aims to buy up to 10% of its own shares while announcing an equity buyback program on Wednesday March 18. http://www.metalbulletin.com/Article/3923780/Aurubis-initiates-share-buyback-plan-aims-to-buy-up-to-10-of-own-equity.htmlWed, 18 Mar 2020 17:42:00 GMTDAILY SCRAP REPORT: Fresh deep-sea cargo brings huge fall in prices Turkish steel producers resumed their deep-sea scrap bookings for April shipment cargoes with prices down sharply, sources said on Wednesday March 18. http://www.metalbulletin.com/Article/3923734/DAILY-SCRAP-REPORT-Fresh-deep-sea-cargo-brings-huge-fall-in-prices.htmlWed, 18 Mar 2020 17:31:00 GMTNOBLE ALLOYS MARKET REPORT 18/03: Ferro-tungsten dips with first shipments from China due next weekAn overview of the noble alloys markets and the reasons for any price moves.http://www.metalbulletin.com/Article/3923772/NOBLE-ALLOYS-MARKET-REPORT-1803-Ferro-tungsten-dips-with-first-shipments-from-China-due-next-week.htmlWed, 18 Mar 2020 17:25:00 GMTGLOBAL NICKEL WRAP: Covid-19 pandemic dictates mixed moves for nickel premiumsNickel briquette premiums fall in the United States on declining spot demand, while all Chinese premiums rose on better arbitrage opportunities and European premiums were flat amid little trade in the week to Tuesday March 17.http://www.metalbulletin.com/Article/3923732/GLOBAL-NICKEL-WRAP-Covid-19-pandemic-dictates-mixed-moves-for-nickel-premiums.htmlWed, 18 Mar 2020 17:15:00 GMTGlobal EV slowdown concerns send cobalt sulfate price below 50,000 yuan/tCobalt sulfate prices fell below 50,000 yuan ($7,131) per tonne on Wednesday March 18, with the rapid spread of the novel coronavirus (2019-nCoV) outside China exacerbating concerns over slower growth in global electric vehicle (EV) production. http://www.metalbulletin.com/Article/3923669/Global-EV-slowdown-concerns-send-cobalt-sulfate-price-below-50000-yuant.htmlWed, 18 Mar 2020 17:07:00 GMTEUROPE WIRE ROD: Trading stalls as demand softens further on virus issuesPrices of steel mesh-quality wire rod in the European domestic markets showed no changes over the seven days to Wednesday March 18 with trading stalled by issues related to the outbreak of 2019-nCoV coronavirus, sources have told Fastmarkets. http://www.metalbulletin.com/Article/3923737/EUROPE-WIRE-ROD-Trading-stalls-as-demand-softens-further-on-virus-issues.htmlWed, 18 Mar 2020 16:40:00 GMTTITANIUM SNAPSHOT: Firm production supports marketsKey data from Fastmarkets’ pricing session in Europe on Wednesday March 18.http://www.metalbulletin.com/Article/3923673/TITANIUM-SNAPSHOT-Firm-production-supports-markets.htmlWed, 18 Mar 2020 16:25:00 GMTFirst Cobalt considering Q4 refinery restart; monitoring Covid-19 impactsThe feasibility study for an expansion of the currently idled First Cobalt cobalt refinery in Canada continues despite the novel coronavirus (2019-nCoV) outbreak, with a restart in the fourth quarter under consideration.http://www.metalbulletin.com/Article/3923730/First-Cobalt-considering-Q4-refinery-restart-monitoring-Covid-19-impacts.htmlWed, 18 Mar 2020 16:16:00 GMTIranian billet market quiet, rare deals heardThe Iranian export billet market was largely quiet in the week to Wednesday March 18 while trading activity slowed due to the effects of the coronavirus (2019-nCoV) pandemic and the approaching Iranian new year holiday - Nowruz - starting March 21.http://www.metalbulletin.com/Article/3923735/Iranian-billet-market-quiet-rare-deals-heard.htmlWed, 18 Mar 2020 16:15:00 GMTGLOBAL ZINC & LEAD WRAP: Global premiums hold despite virus uncertaintyGlobal zinc and lead premiums held firm in the week to Tuesday March 17 following the dent to physical appetites stemming from the global spread of novel coronavirus (2019-nCoV) while Asian markets began a partial recovery.http://www.metalbulletin.com/Article/3923639/GLOBAL-ZINC-and-LEAD-WRAP-Global-premiums-hold-despite-virus-uncertainty.htmlWed, 18 Mar 2020 15:50:00 GMTGLOBAL BILLET WRAP: Prices fall in all regions except ChinaSteel billet prices in the majority of regions around the world weakened in the week to Friday March 13 amid a bearish outlook for the ferrous scrap market and reduced demand due to the rapid spread of the novel coronavirus (2019-nCoV) outside of China.http://www.metalbulletin.com/Article/3923609/GLOBAL-BILLET-WRAP-Prices-fall-in-all-regions-except-China.htmlWed, 18 Mar 2020 15:15:00 GMTTshipi declares 256mln rand dividend in 'challenging' manganese marketSouth African manganese miner Tshipi has declared a dividend of 256 million rand ($15.95 million) amid “challenging times for the market,” its owner, Jupiter Mines, said on Tuesday March 17.http://www.metalbulletin.com/Article/3923641/Tshipi-declares-256mln-rand-dividend-in-challenging-manganese-market.htmlWed, 18 Mar 2020 14:42:00 GMTTeck suspends construction on QB2 copper project in defensive move against coronavirusTeck Resources has suspended construction activities at its Quebrada Blanca Phase 2 (QB2) project in northern Chile to ensure employee safety and support Chilean efforts to limit transmission of the 2019-nCoV coronavirus. http://www.metalbulletin.com/Article/3923633/Teck-suspends-construction-on-QB2-copper-project-in-defensive-move-against-coronavirus.htmlWed, 18 Mar 2020 13:43:00 GMTChina gallium price up on higher offers amid reduced supplyThe spot price for gallium in China’s domestic market rose as of Wednesday March 18, after many suppliers raised offer prices in response to reduced supply, market participants told Fastmarkets. http://www.metalbulletin.com/Article/3923627/China-gallium-price-up-on-higher-offers-amid-reduced-supply.htmlWed, 18 Mar 2020 13:18:00 GMTJAPAN SCRAP EXPORTS: Prices weaken as bookings slow downJapanese export prices for ferrous scrap have fallen for the third consecutive week, with market conditions expected to deteriorate further in the short term, trading sources told Fastmarkets on Wednesday March 18. http://www.metalbulletin.com/Article/3923618/JAPAN-SCRAP-EXPORTS-Prices-weaken-as-bookings-slow-down.htmlWed, 18 Mar 2020 13:17:00 GMTChina export plate prices weaken but resistance to lower levels growsSpot prices in the China steel plate export markets were off to a weak start in the past week but started to recover on increasing domestic demand, sources told Fastmarkets on Tuesday March 17.http://www.metalbulletin.com/Article/3923595/China-export-plate-prices-weaken-but-resistance-to-lower-levels-grows.htmlWed, 18 Mar 2020 12:48:00 GMTCOKING COAL DAILY: Seaborne prices stable amid bleak economic outlookSeaborne coking coal prices were stable on Wednesday March 18, with trading activity muted. http://www.metalbulletin.com/Article/3923614/COKING-COAL-DAILY-Seaborne-prices-stable-amid-bleak-economic-outlook.htmlWed, 18 Mar 2020 12:47:00 GMTIRON ORE DAILY: High-grade prices gainSeaborne iron ore prices were up on Wednesday March 18, with Brazilian-origin high-grade fines finding traction among buyers in China.http://www.metalbulletin.com/Article/3923615/IRON-ORE-DAILY-High-grade-prices-gain.htmlWed, 18 Mar 2020 12:07:00 GMT