January 2019

Antofagasta posts record 2018 copper production

Major copper concentrates producer Antofagasta achieved record production for 2018 in part due to higher-than-expected output from its Los Pelambres and Centinela projects, the company said on Wednesday January 23.

COKING COAL DAILY: Seaborne prices rise further on improved sentiment

Higher bids amid improved sentiment among seaborne coking coal market participants culminated in higher spot prices on Wednesday January 23.

Stable coking coal supply from Byerwen mine to reduce market volatility, JFE Steel says

Byerwen mine in Queensland, Australia successfully delivered the first shipment of hard coking-coal to JFE Steel’s West Japan Works this month, the steel mill said on Wednesday January 23.

Rising scrap prices in Turkey drive demand in S Korea, Vietnam

Demand for ferrous scrap from end users in Asia remained strong this week, with major steelmakers looking to purchase more of the raw material in the face of strengthening prices in the key market of Turkey.

China AM: Coking coal, coke contracts take lead in futures uptrend

The coking coal and coke contracts led the uptrend in the Chinese ferrous futures market during the morning trading session on Wednesday January 23.

GLOBAL VANADIUM WRAP: Chinese FeV export offers edge up on thin supplies; European market sees limited activity

Chinese vanadium exporters raised their offer prices again this past week against a back drop of tightening supply, while European ferro-vanadium prices narrowed amid a slowdown in spot activity.

GLOBAL CHROME WRAP: UG2 prices boosted by pre-holiday demand in China [UPDATE]

A flurry of demand ahead of the Chinese New Year holiday is providing support to import prices for UG2 chrome ore.

DAILY SCRAP REPORT: Turkish mills keep scrap purchasing at lowest level possible

The Turkish steel producers continued to show very little interest in deep-sea scrap trades because of the weak demand for finished steel in the country’s export and domestic markets, sources said on Tuesday January 22.

GLOBAL MANGANESE WRAP: Ore prices fall again with bearish sentiment also felt in alloys markets

Aggressive bidding and lower offer prices weighed on manganese ore prices in China, where inventories also fell sharply in the week ended Friday January 18.

Steelmaking Raw Materials Trade Log, January 22, 2019

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.