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    • MB charge chrome 50% Cr index, cif Shanghai
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    • As contagion swept through the eurozone and Chinese trade data reinforced impressions that the powerhouse economy is cooling off, BHP Billiton this week priced €2 billion-worth ($2.55 billion) of bonds under a medium-term note programme, which will raise €20 billion overall.
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    • Claire Hack reports from Almaty, Kazakhstan, where she has travelled to meet Central Asia Metals as it prepares for the official opening of its Kounrad copper project in eastern Kazakhstan, which is targeting production of 10,000 tpy of copper cathode.
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    • Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin. ATI Allegheny Ludlum Corp., a division of Pittsburgh-based Allegheny Technologies Inc., has lowered its grain-oriented electrical steel surcharge to $401 per ton ($20.05 per hundredweight) effective with July 1 shipments, down from $404 per ton ($20.20 per cwt) in […]
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    • US crude steel output rose 9.3% in April compared with the same month last year, surpassing global steel production growth of just 1.2%, according to the World Steel Association (WorldSteel).
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    • Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin. ATI Allegheny Ludlum Corp has lowered its stainless surcharges for June on the back of falling nickel prices. Ludlum, part of Pittsburgh-based Allegheny Technologies Inc (ATI), set its June surcharge for Type 304 product at 84.86 cents per pound, […]
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    • Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin. RG Steel temporarily idled the blast furnace at its Sparrows Point, Md., steelmaking complex Friday because of material issues, according to a company spokeswoman. The Sparrows Point-based company brought the furnace back online Saturday, the spokeswoman told AMM. She […]
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    • Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin. Small and regional steel service centers are worried about surplus capacity, fierce competition and price volatility, according to a wide-ranging AMM survey of service center sentiment. National distributor chains are somewhat less anxious, although they do acknowledge a slight […]
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    • US East Coast ferrous scrap export yards have dropped buying prices by $10 to $20 per gross ton in the past week as negative sentiment pervades the market.
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    • Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin. Joseph A Carrabba, chairman, president and chief executive officer of Cleveland-based Cliffs Natural Resources Inc., began a one-year term as chairman of the American Iron and Steel Institute on Monday May 21. The AISI projects that the US steel […]
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    Top stories across markets

    Here are five Fastmarkets stories you might have missed on Wednesday March 4 that are worth another look.

    Domestic prices for hot-rolled coil in Northern Europe were expected to remain largely stable over the week, supported by a lack of competitive import offers and good order books at domestic steelmakers, market sources told Fastmarkets on Wednesday March 4.

    Conversations at Fastmarkets’ International Copper Conference in Amsterdam, the Netherlands, on February 26-28 revolved around the impact of the novel coronavirus (2019-nCoV) on copper production and procurement chain, as well as logistics disruptions.

    Broader markets are mixed this morning, Wednesday March 4, with markets in Asia generally weaker, while the London Metal Exchange base metals and western equities are recovering after having taken fright from the United States Federal Reserve’s rate cut on Tuesday.

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