July 2018

GLOBAL MANGANESE WRAP: Low-grade ore prices continue to slide; high-grade quotations rise on last-minute buying

Prices for low-grade and high-grade manganese ore continued to diverge over the past week, with those for lower-grade material falling while quotations for higher-grade ore rose on the back of last-minute trades concluded at higher prices.

GLOBAL TUNGSTEN WRAP: European APT prices fall on ample stocks; muted demand puts pressure on Chinese prices

Tungsten prices retreated in the week to Friday July 27 after ammonium paratungstate supply from China resumed following the end of environmental-related suspensions in Jiangxi.

China AM: Steel futures rise amid declining inventories

China’s steel futures strengthened during morning trading on Tuesday July 31 following the release of monthly spot market inventory data showing a sustained decrease for Chinese rebar, while the raw materials contracts declined during the session.

China’s crude stainless steel output up 13% in H1 on healthy profits, demand

China’s crude stainless steel output increased 13% in the first half of year of 2018 amid healthy profit levels among mills and a steady increase in demand.

June silico-manganese figures show impact of Chinese production cuts – ImnI

World silico-manganese supply dropped 7.2% in June compared with May, largely due to production cuts in China following environmental inspections, the latest data from the International Manganese Institute (IMnI) shows.

Tubacex improves H1 results with stronger focus on value-added products

Earnings at Tubacex, the Spanish manufacturer of seamless stainless steel tube, improved significantly in the first half of 2018 due to a stronger focus on high-added-value materials, the company said on Friday July 27.

STEEL WEEK IN BRIEF: Global scrap prices fall; US, EU working to resolve tariff tiff; Italian authorities may cancel Ilva sale...

Metal Bulletin reviews the major stories that have affected the steel market over the past week.

EUROPE STAINLESS STEEL: Prices stable, mills expected to increase offers

Domestic prices for stainless steel products in Europe have gone unchanged over the past week but mills are expected to increase their offers, sources told Metal Bulletin on Friday July 27.

EUROPE ALLOY STEEL SURCHARGE: August surcharges drop on lower nickel cost

European alloy steel surcharges have dropped for August deliveries of grade-304 cold-rolled (CR) stainless steel sheet, after six consecutive months of growth, because of the recent fall in the cost of nickel.

China AM: Futures rangebound in negative territory

China’s ferrous futures largely moved within a narrow range in negative territory during the morning trading session on Thursday July 26.