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News & Analysis
Previous News Headlines
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US sheet mill price increases taking hold despite few orders
Pittsburgh (Platts)--8 Dec 2016 623 pm EST/2323 GMT
The $40/st US sheet steel mill price increases announced last week have started to take hold, although buyers still do not feel prompted to make any purchases, sources said Thursday.
Asia ferrosilicon: Prices outside China rise on tight supply
Singapore (Platts)--8 Dec 2016 922 am EST/1422 GMT
China offers for 75% Si ferrosilicon were unchanged week on week at high levels, but sources said prices outside China are still going up on tight supply.
Alcoa asks Japanese term aluminum buyers to cancel December shipments: buyers
Tokyo (Platts)--8 Dec 2016 341 am EST/841 GMT
Global aluminum producer Alcoa has asked its Japanese buyers on annual term contracts to cancel December shipments, following a recent power outage at its Portland smelter in Australia, the buyers said Thursday.
Sherwin estimates bauxite waste cleanup costs at $7.95 mil over three years
Louisville, Kentucky (Platts)--7 Dec 2016 619 pm EST/2319 GMT
Sherwin Alumina's top executive estimates it will cost about $7.95 million to maintain a bauxite refining waste disposal site containing toxic "red mud" over the next three years at the bankrupt company's recently closed 1.65 million mt/year refinery near Gregory, Texas.
Preliminary US review of Mexican, Turkish rebar finds slim to no duty margins
Pittsburgh (Platts)--7 Dec 2016 612 pm EST/2312 GMT
The US Department of Commerce found practically no applicable preliminary duty margins for rebar produced by Mexico's Deacero and Grupo Simec and Turkey's Icdas in separate administrative reviews.
China ex-works Shanxi alumina rallies Yuan 50/mt to Yuan 2,900/mt
Singapore (Platts)--7 Dec 2016 1142 am EST/1642 GMT
Chinese spot alumina prices rallied further on Wednesday as offers continued to rise on strong sentiment, driven by a combination of tight spot supply, prevailing transport issues, increased costs, seasonal restocking, environmental inspections, and anticipated heavy snow this winter.
Japanese scrap, US bulk scrap exports inch up in East Asia
Singapore (Platts)--7 Dec 2016 1141 am EST/1641 GMT
Prices of Japanese ferrous scrap exports and US bulk scrap inched upwards in East Asia during the past week, with buying activity seen as sluggish, regional trading sources said Wednesday.
Peru's copper, silver, molybdenum output up in October from a year ago
Lima, Peru (Platts)--6 Dec 2016 611 pm EST/2311 GMT
Peru's production of copper, silver and molybdenum rose in October from a year ago, while gold, zinc, lead and tin output fell, the government said Tuesday.
US HRC steel lead times well into January, mills firming prices: sources
Pittsburgh (Platts)--6 Dec 2016 601 pm EST/2301 GMT
US steel mills' hot-rolled coil lead times were almost all well into January Tuesday, according to buy-side sources, as they continue to attempt to boost prices to the $600/st level.
Molybdenum oxide prices edge higher, spot business slow
London (Platts)--6 Dec 2016 950 am EST/1450 GMT
Spot prices in the molybdenum market edged up Monday as sentiment stayed firm despite the proximity to the traditionally slow Christmas/New Year holiday season.
Turkish import ferrous scrap shows firm on Benelux cargo
London (Platts)--6 Dec 2016 948 am EST/1448 GMT
Turkish ferrous scrap imports stuck firm on Monday, as trading on Friday showed that last week's levels had carried into the weekend.
Bolivia exports $1.51 bil worth of metals over Jan-Oct, up 2% on year
Lima (Platts)--6 Dec 2016 945 am EST/1445 GMT
The value of Bolivia's minerals exports over January-October rose 2.2% year on year to $1.51 billion due to a rebound in metals prices, the National Statistics Institute said in a statement Monday.
China's ADC aluminum export prices rise after Japan buy tender; domestic prices soften
Tokyo (Platts)--6 Dec 2016 503 am EST/1003 GMT
Chinese auto diecasting aluminum alloy export prices rose this week on stable demand from Japan, but domestic prices softened following the weaker domestic primary aluminum prices, S&P Global Platts data showed.
Nucor, SDI raise US merchant bar prices $30/st
Pittsburgh (Platts)--5 Dec 2016 628 pm EST/2328 GMT
Nucor and Steel Dynamics have raised published prices for most merchant bar and structural products by $30/st, effective with new orders Monday, according to newly published price lists.
China's Shagang cuts ferrous scrap buying price by $4/mt
Shanghai (Platts)--5 Dec 2016 838 am EST/1338 GMT
Jiangsu Shagang Group, the largest ferrous scrap user in China, has cut its buying price for heavy melting scrap by Yuan 30/mt ($4/mt), a company source said Monday.
Black Sea merchant pig iron prices lose momentum after many weeks
London (Platts)--5 Dec 2016 841 am EST/1341 GMT
Black Sea merchant pig iron market has lost its upward momentum in the week to December 2 on less demand compared with previous weeks and sideways movement of scrap prices, market sources said Friday.
Gold COMEX positions down 14% on week to new 9-month low: CFTC
London (Platts)--5 Dec 2016 837 am EST/1337 GMT
Net long gold positions on US commodity exchange COMEX fell by 14% to 106,941 contracts in the week to November 29, Commodity Futures Trading Commission data showed Monday.
Vietnamese aluminum billet expands sales channel into Japan: sources
Tokyo (Platts)--5 Dec 2016 344 am EST/844 GMT
Vietnamese-origin aluminum billet, traded in Southeast Asia, is expanding into Japan, Japanese market sources said Monday.
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