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ASIAN MORNING BRIEF 04/07: LME base metals take hit; Comex copper prices slide on weak market activity; BP buy of Chargemaster highlights oil-sector move into EV charging arena

The latest news and price moves to start the Asian day on Wednesday July 4.

July 4, 2018
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By Generic people page

Insights
Tenaris lays off 40 at Algoma Tubes, citing 232

In perhaps the first instance of job reductions resulting from the United States' Section 232 tariffs on Canadian steel, Tenaris has laid off 40 workers at its Algoma Tubes mill in Ontario, according to a union official.

July 3, 2018
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By Dom Yanchunas

Insights
Glencore gets subpoena by US Department of Justice; share price falls 10%

Glencore has received a subpoena from the United States Department of Justice ordering it to provide documents and records in relation to compliance with the Foreign Corrupt Practices Act and money-laundering statutes.

July 3, 2018
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By Generic people page

Insights
METALS MORNING VIEW 03/07: Some base metals prices attempting a rebound, but continue to look fragile

Three-month base metals prices on the London Metal Exchange were split into two camps on the morning of Tuesday July 3, with aluminium and tin prices both off by 0.3%, while the rest of the complex was up by between 0.1% and 0.6%. Zinc led the rebound, while copper was the laggard at $6,578 per tonne.

July 3, 2018
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By Generic people page

Insights
EUROPEAN MORNING BRIEF 03/07: Firmer dollar caps gains in SHFE base metals prices; cobalt prices dip below $40 per lb; oil companies tapping into electromobility revolution

Good morning from Metal Bulletin’s offices in Asia as we bring you the latest news and pricing stories on Tuesday July 3.

July 3, 2018
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By Karen Ng

Insights
LIVE FUTURES REPORT 03/07: Firmer dollar puts a cap on SHFE base metals; lead prices edge upward

Base metals prices on the Shanghai Futures Exchange were little changed to slightly stronger during Asian morning trading on Tuesday July 3, with a firmer dollar following healthy data releases from the United States putting a cap on any price gains.

July 3, 2018
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By Susan Zou

Insights
Finnfjord to carry out maintenance work at ferro-silicon furnace in Q3, source says

Norwegian ferro-silicon producer Finnfjord Smelteverk will cut about 3,500 tonnes of production between July and August of this year because of planned maintenance to one of its furnaces, according to an industry source.

July 3, 2018
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By Generic people page

Insights
PRICING NOTICE: Discontinuation of Saudi Arabia rebar import price assessment

Metal Bulletin discontinued its weekly Saudi Arabia rebar import price on Tuesday July 3.

July 3, 2018
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By Serife Durmus

Insights
ASIAN MORNING BRIEF 03/07: Nickel leads decline in most LME base metals; Anil Agarwal to buy remaining Vedanta stake; Russia files lawsuit vs US at WTO

The latest news and price moves to start the Asian day on Tuesday July 3.

July 3, 2018
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By Generic people page

Insights
EU LONG STEEL OUTLOOK: Mills expected to raise offers ahead of EU safeguard decision

Long steel prices in EU markets could rise with mills seeking to push offers upward before the announcement of a preliminary decision in Europe’s current import safeguard investigation, market sources told Metal Bulletin on Monday July 2.

July 2, 2018
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By Generic people page

Insights

Top stories across markets

SPECIAL REPORT: The push for cleaner metallics

The world is looking for cleaner metallics. That has been the undeniable tenor from the steel industry for months. The United States already makes a majority of its steel via the cleaner electric-arc furnace production method, and European steelmakers have announced similar investments. In China, the government is cracking down on high-polluting steel output, and it recently announced the removal of import tariffs on clean metallics such as ferrous scrap and pig iron.

April 28, 2021

Chinese refined copper demand surpasses pre-Covid-19 levels, Teck says

Demand for refined copper in China has now surpassed levels seen prior to the Covid-19 pandemic, according to Vancouver, Canada-based Teck Resources.

April 28, 2021

By: Andrea Hotter

CHINA HRC: Prices weaken ahead of export rebate cut

China’s hot-rolled coil prices fell on Wednesday April 28 after the Ministry of Finance confirmed there would be an export rebate cut, even though inventories continued to drop.

April 28, 2021

By: Miranda Song

NEWSBREAK: China to cancel some steel export tax rebates from May 1

China will remove the export tax rebate for some steel products from May 1, the Ministry of Finance said on Wednesday April 28.

April 28, 2021

By: Miranda Song

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