Prices

Chinese welded pipe market makes no progress

  Asian Metal – Prices for welded pipe with main grades in China’s major cities remain stable over two weeks ago, but traders’ sales performance has not recovered to the normal level yet. A welded pipe trader in Tianjin reveals to Asian Metal that the price for the main grade ...

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BHP targets iron-ore cash costs under $20/t

  Miningweekly – Diversified major BHP Billiton’s iron-ore president Jimmy Wilson on Tuesday 10 March said that the company was looking to reduce its cash costs to below $20/t for its iron-ore product, while production improvements would be gained through little or no investment. Speaking to the Global Iron and ...

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Copper faces looming supply gap

miningweekly – The level of new copper output will be unable to plug a supply gap that could develop as early as 2017, Canadian diversified miner Teck Resources manager for market research Michael Schwartz told an audience at the Prospectors and Developers Association of Canada 2015 convention. Teck had calculated ...

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Copper eyes small weekly loss as stronger dollar drags

  Reuters – London copper was headed for a weekly loss as a stronger dollar dented appetite for commodities, while traders said it was too soon after China’s Lunar New Year break to determine the demand outlook in the world’s top user of metals. In the short term, the market ...

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China manganese ore import prices edge lower as demand stays weak

Platts – Prices for manganese ore delivered to China have edged down further this week on the back of prevailing weak demand, as Chinese consumers continued to shy away in anticipation of lower levels. Platts assessed its weekly 44% manganese ore price at $3.45/dmtu from $3.50/dmtu CIF Tianjin a week ...

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Iron-ore at record low on China mill closures

REUTERS – iron-ore hit a record low below $60/t on Friday and posted its biggest weekly fall since mid November as China’s anti-pollution battle threatens to shut more steel mills, cutting demand. The closure of steel mills in an industrial city in eastern China, which sparked fears of a wider ...

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Copper falls after strong U.S. jobs report boosts dollar

  Reuters – Copper prices hit their lowest in more than a week and notched up their biggest weekly loss in six weeks on Friday as the dollar rallied after a strong U.S. jobs report, with investors also worried about lacklustre demand in China. The dollar touched an 11-1/2 year ...

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Venezuelan export hot-briquetted iron (HBI) prices slump on scarce interest

Platts – Venezuelan hot-briquetted iron export prices have fallen sharply as buyers continue to be scarce in the global market, sources said Friday. One source at Briquetera del Caroni’s (BriqCar) said he sold around 20,000 mt of HBI in late February to a European buyer at $190/mt FOB, but its ...

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Turkey: Steel mills increase rebar export offers backed by slight increase in scrap prices

Platts – Turkish steel mills have increased their rebar offer pricing based on a slight increase in ferrous scrap, sources said Wednesday. No deals have been seen at the new price level and sources were skeptical that any would be achieved. A Turkish trader said offers from mills for export ...

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Iran: Long, Flat products and steel billet market trend in Week 09, 2015

Irsteel – Billet market was almost stable during last week in Iran, but improved a little by end of the week. Price of domestic production billet size 150 mm increased by Rials100,000/mt to Rials13.8 million/mt ex-works including 8% VAT. Billet size 150 mm from Esfahan Steel Co was offered at ...

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