January 2018

EUROPE STAINLESS STEEL: CR sheet base price slips ahead of surcharge rise

European stainless steel base prices for grade-316 cold-rolled (CR) sheet have widened downward by €15 per tonne, sources told Metal Bulletin on Friday January 19.

Liberty House submits bid for Ascometal ahead of deadline

International metals group Liberty House is to make an “unconditional and comprehensive offer” for French speciality steelmaker Asco Industries (Ascometal) ahead of the cutoff time on Friday January 19 that was set by a court in eastern France, it said on deadline day.

China's domestic stainless steel prices fall further

China’s domestic stainless steel prices continued to trend downward over the past week amid high selling interest coupled with soft demand.

S+B raises offer to acquire French steelmaker Ascometal

Swiss special and stainless steel producer Schmolz + Bickenbach (S+B) has increased the value of its bid to acquire a substantial part of French speciality steelmaker Asco Industries (Ascometal), it said late on Thursday January 18.

Stronger demand pushes up molybdic oxide, FeMo prices

Stronger demand for molybdic oxide in Europe this week has pushed prices to a three and a half year high, with ferro-molybdenum prices increasing to a range also unseen for three and a half years.

CHINA MOLYBDENUM SNAPSHOT: Prices rise further amid domestic market tightness, price rally in international markets

Key data from Metal Bulletin's Wednesday January 17 pricing session in China.

East Asian stainless steel market gets support from strong nickel prices

Robust nickel prices appear to be providing some support to East Asia’s stainless steel market amid persistently weak demand.

TITANIUM SNAPSHOT: Alloy prices edge higher amid new tenders

Key data from the Wednesday January 17 pricing session in Europe.

GLOBAL STAINLESS OUTLOOK: Asian prices to weaken in Q1; strong demand in EU, US

Stainless steel prices are expected to weaken in Asia on lower demand during the first quarter of this year, while prices in Europe and North America are likely to continue to be supported by strong demand.

ASIAN MORNING BRIEF 17/01: LME base metals largely fall but tin rallies; Comex copper sinks; Codelco's Potrerillos copper smelter halts operations

The latest news and price moves to start the Asian day on Wednesday January 17.