Latest Steel news
METALS MORNING VIEW 26/04: Metals prices under pressure from stronger dollar, 3% yields
Thu, 26 Apr 2018 08:00:00 GMT
Base metals prices on the London Metal Exchange were weaker across the board by an average of 0.6% this morning, Thursday April 26.
EUROPEAN MORNING BRIEF 26/04: SHFE zinc prices under pressure; HKEX appoints Cha as chairman; Vale’s base metals earnings grow 45.7% in Q1
Thu, 26 Apr 2018 06:30:00 GMT
Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Thursday April 26.
LIVE FUTURES REPORT 26/04: SHFE zinc prices lead on the downside, pressured by large LME deliveries
Thu, 26 Apr 2018 06:15:00 GMT
Base metals prices on the Shanghai Futures Exchange were broadly down during Asian morning trading on Thursday April 26, with zinc prices leading the decline following a large delivery of the metal into London Metal Exchange sheds in Antwerp on Wednesday.
HKEX appoints political heavyweight Laura Cha as chairman
Thu, 26 Apr 2018 05:50:00 GMT
Hong Kong Exchanges and Clearing has appointed local businesswoman and politician Laura Cha as its new chairman of the board, the exchange announced on Thursday April 26.
Ternium's earnings up 43% in Q1 on higher steel sales, prices
Thu, 26 Apr 2018 04:48:00 GMT
Latin American steel group Ternium saw its earnings grow by 43% year on year in the first quarter of 2018, amid increased steel prices and sales volumes.
Argentina's Ternium Siderar sees net profit grow 37.51% in Q1
Thu, 26 Apr 2018 04:40:00 GMT
Net profit at Argentinian flat steel producer Ternium Siderar increased by 37.51% year on year in the first quarter of 2018, amid growth in sales volumes.
Vale's Q1 earnings down 7.9% amid lower iron ore output
Thu, 26 Apr 2018 03:53:00 GMT
Vale’s earnings dropped by 7.89% year on year in the first quarter of 2018, amid a value over volume strategy, the Brazilian miner announced late on Wednesday April 25.
Vale’s base metals earnings grow 45.7% in Q1 on higher nickel prices
Thu, 26 Apr 2018 03:10:00 GMT
Vale’s base metals business posted a 45.7% increase in its core earnings in the first quarter of 2018 from a year earlier, helped primarily by the higher realized nickel prices during the period, the Brazilian diversified miner said on Wednesday April 25.
ASIAN MORNING BRIEF 26/04: LME base metals mixed; Aluminium market panic subsides amid loosening in sanctions; Giannini leaving Gerald Group
Thu, 26 Apr 2018 00:05:00 GMT
The latest news and price moves to start the Asian day on Thursday April 26.
CSN workers get collective holidays at Brazil iron ore mining unit due to 'output limitations'
Wed, 25 Apr 2018 21:32:00 GMT
CSN's mining unit will put workers on collective holidays at its Casa de Pedra iron ore mine in the city of Congonhas, in Brazil's southeastern Minas Gerais state.
PEOPLE MOVES: Aluminium trader Giannini to leave Gerald
Wed, 25 Apr 2018 18:47:00 GMT
Lucas Giannini, an aluminium trader with Gerald Group in London, will leave the company at the end of April, sources close to the situation told Metal Bulletin on Wednesday April 25.
LIVE FUTURES REPORT 25/04: LME zinc falls 2.5%; Ali climbs; tin rebounds
Wed, 25 Apr 2018 18:00:00 GMT
Base metals on the London Metal Exchange were mixed at the close of trading on Wednesday April 25, with zinc falling 2.5% after a 30,075-tonne delivery into Antwerp rattled price sentiment.
UAE’s Conares Steel drops domestic rebar price
Wed, 25 Apr 2018 17:40:00 GMT
United Arab Emirates steel producer Conares Steel cut its domestic rebar price on Wednesday, April 25.
Argentina's crude steel output up 21% in March
Wed, 25 Apr 2018 17:33:00 GMT
Crude steel production in Argentina grew by 20.80% year-on-year in March, according to figures released by national steel association Acero Argentino on Tuesday April 24.
Brazil rejects request for anti-dumping probe into Chinese, South Korean tube imports
Wed, 25 Apr 2018 17:25:00 GMT
The Brazilian government has rejected a request filed by local steel tube producer Confab Industrial to open an anti-dumping investigation into imports of carbon steel tubes from China and South Korea.
LATIN AMERICA FLAT STEEL WRAP: Output rising amid positive economic performance
Wed, 25 Apr 2018 17:15:00 GMT
The International Monetary Fund (IMF) has recently raised its economic growth forecast for Latin America and the Caribbean while a gradual recovery continues in the region, which was severely affected by the 2014-16 decline in commodity prices.
China’s March stainless flat steel exports up 30% month-on-month
Wed, 25 Apr 2018 17:05:00 GMT
Export volumes of stainless flat steel products from China rose in March this year in both monthly and annual comparisons, with market activity resuming in the region after February’s lull for the lunar new year celebrations.
Global crude steel output up 4% in March, Worldsteel says
Wed, 25 Apr 2018 16:22:00 GMT
Global crude steel production rose by 4% year-on-year in March 2018, partly due to an increase in China, according to statistics published by the World Steel Association (Worldsteel) on Wednesday April 25.
EU 'might start anti-dumping probe into hollow sections from Macedonia'
Wed, 25 Apr 2018 15:55:00 GMT
European authorities are thought to be considering whether to start an anti-dumping case into imports of steel hollow sections originating from Macedonia, sources told Metal Bulletin on Wednesday April 25.
MB APEX Q1 2018: Ali accuracy at 99.8%; overall precious, base accuracy over 98%
Wed, 25 Apr 2018 15:43:00 GMT
CLSA’s Andrew Driscoll has topped the base metals leader board in the Apex first-quarter 2018 contest, with an accuracy rating of 98.56%, while Georgette Boele of ABN Amro was top of the precious metals table with 98.20% accuracy.
LME extends wind-down of Rusal hedges to Oct 23 following OFAC announcement
Wed, 25 Apr 2018 15:25:00 GMT
The London Metal Exchange has announced further guidance on treating sanction-affected contracts, highlighting an extended wind-down period for open positions with UC Rusal.
LIVE FUTURES REPORT 25/04: Comex copper price inches lower in midweek session
Wed, 25 Apr 2018 15:01:00 GMT
Comex copper prices dipped in morning trading on Wednesday April 25 amid a rising dollar and a lack of fresh catalysts.
Turkish crude steel output up by 8% in January-March
Wed, 25 Apr 2018 14:07:00 GMT
Turkey produced 9.54 million tonnes of crude steel in January-March 2018, a 7.92% increase over the corresponding period in 2017, according to the Turkish Steel Producers’ Association (TCUD).
Iranian semi-finished steel export prices stable as trading activity ebbs away
Wed, 25 Apr 2018 14:02:00 GMT
Semi-finished steel export prices in Iran remained unchanged in the week ending Wednesday April 25 as buying activity slowed.
NORTH AMERICAN MORNING BRIEF 25/04: 30kt zinc delivery; Ali premiums stable; PPS awards tender
Wed, 25 Apr 2018 13:20:00 GMT
The latest metal markets news and price moves to start the North American day on Wednesday April 25.
China’s tin exports grow in Jan-Mar alongside higher LME prices, removal of export tax
Wed, 25 Apr 2018 13:07:00 GMT
China exported 648 tonnes of refined tin in March, continuing a new trend for exporting the soldering metal by the traditional importer, latest customs data shows.
SHFE vs LME physical arbitrage 25/04: Copper, aluminium, zinc, nickel
Wed, 25 Apr 2018 13:07:00 GMT
The arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday April 25*
Klöckner forecasts stable steel prices in Europe, US in Q2
Wed, 25 Apr 2018 13:00:00 GMT
German metals distributor Klöckner expects steel prices to remain largely stable in both Europe and the United States, the company’s two main markets, in the second quarter of 2018, it said on Wednesday April 25.
Japan's crude steel output up 2% in March
Wed, 25 Apr 2018 12:35:00 GMT
Japan’s crude steel output increased in March compared with a year earlier, according to the latest data from the Japan Iron & Steel Federation (JISF).
LIVE FUTURES REPORT 25/04: LME base metals broadly lower; zinc down 1.6% after 30kt European delivery
Wed, 25 Apr 2018 11:55:00 GMT
Base metals on the London Metal Exchange were broadly lower during morning trading on Wednesday April 25, with zinc the biggest downward mover.