December 2013

Lower nickel weighs on European stainless steel's Jan alloy surcharges

European stainless steel alloy surcharge levels for January have fallen by €23-41 ($32-56) per tonne on weaker month-on-month nickel, data released by the biggest producers showed on December 30.

Metal Bulletin Iron Ore Index edges up on supply pressure

Spot 62% Fe prices saw a small rise on Monday December 30 on improved sentiment, while supply pressure on bad weather is building up.

Weak demand sees seaborne coking coal prices edge lower

Sentiment in the seaborne hard coking coal spot market eroded further on Monday December 30 amid thin trading.

DAILY SCRAP REPORT: Index inches up with fresh Baltic cargoes

Turkish scrap bookings remained slow during the festive season as most suppliers were out of the market and buyers struggled as exports of finished steel were also weak, sources said on Monday December 30.

IRON ORE DERIVATIVES WRAP: Volumes dwindle after strong early trading

The iron ore swaps market saw robust trade during pre-index trading, but volumes dried up in the London session.

LME BILLET REPORT: No change in steel billet contract, cash prices, stocks

The London Metal Exchange’s three-month steel billet contract price stood at $285-295 per tonne on Monday December 30, unchanged from December 18.