Steel billet prices in most global markets were largely unchanged or edged downward during the week from Monday July 30 to Friday August 3, due to limited buying interest and uncertainty about the impending United States sanctions on Iran.

The latest metal markets news and price moves to start the North American day on Monday August 6.

Global scrap prices continued to fall in the week ended Friday August 3 due to weak demand pushing prices down.

An overview of the battery raw materials markets and their price moves from the past week.

Due to a technical error, some of Metal Bulletin’s minor metals, ores, alloys and ferrous prices on August 3 will be published on the Metal Bulletin price book later than scheduled.

Cobalt metal and sulfate prices weakened last month, facing acute pressure from tight credit in China and associated cheap sales, with European consumers firmly in summer mode.

Metal Bulletin has amended the spot main Japanese port (MJP) aluminium P1020 cif premium assessment to include more brands and origins from Friday August 3, with a view of capturing increasing alternative-origin transaction liquidity for this regional benchmark.

Vietnam scrap import prices are set to be the next Asian scrap benchmark with import volumes continuing to rise in 2018 on a year-on-year basis.

Following a market consultation between July 2 and August 2, Metal Bulletin has decided to launch a price assessment for ferrous scrap on a cfr Vietnam basis on Friday August 3, to be published as a $ per tonne range every week.

Three-month base metals prices on the London Metal Exchange were for the most part weaker on the morning of Friday August 3, with the complex down by an average of 0.2%.