Metal Market News
LME aluminium benchmark price slumps by US$16.5/t to US$2,142/t; SHFE price falls by US$5/t
January 18, 2024
LME aluminium 3-month Asian Reference Price inched up by US$1.12 per tonne or 0.05 per cent to clock at US$2,200.81 per tonne.
HRC prices tick up in Europe, but still below target offers
January 18, 2024
The index was up by €6.88 per tonne week on week and by €44.75 per tonne month on month.
Gold near 5-week low as rate-cut optimism tapers
January 18, 2024
U.S. gold futures rose 0.2% to $2,010.70.
US increased pig iron imports from Ukraine by 2.2 times m/m in November
January 18, 2024
In January-November, American steelmakers imported 938.2 thousand tons of pig iron from Ukraine
Nemak injects $18 million for aluminium diecasting advancements aiding USA's automotive market
January 17, 2024
A testament to innovation, the 49,500-square-foot addition, like a phoenix rising on the north side of the Sheboygan Business Park, embodies the future.
LME aluminium price graph nosedives US$444.50/t Y-o-Y to US$2158.5/t; SHFE sheds 4.29% Y-o-Y
January 17, 2024
LME aluminium 3-month Asian reference price has inched down by US$16.10 per tonne or 0.73 per cent to stop at US$2,199.69 per tonne.
Full order books, lack of competitive imports keep EU HRC mills bullish
January 17, 2024
Exporters from the Far East have also been holding back trading to Europe due to logistical problems caused by geopolitical situation in the Red Sea.
European HRC prices mainly unchanged amid slow trading
January 17, 2024
The index was up by €31.25 per tonne week on week and by €43.33 per tonne month on month.
Gold extends slide as dollar firms on hawkish Fedspeak
January 17, 2024
Spot silver fell 0.4% to $22.81 per ounce.
China produced 1.19 billion tons of steel in 2023
January 17, 2024
The indicator slightly increased compared to 2022 – by 5.3%, ending a two-year downward trend
Ukrainian Railways reduced iron ore transportation by 13% y/y in 2023
January 17, 2024
Transportation of steel products decreased by 10.6% last year
SMM A00 aluminium ingot price drops RMB160/t W-o-W; Alumina price logs an incredible growth of 11.31% M-o-M
January 16, 2024
The aluminium price in Gongyi lost RMB 70 per tonne to park at RMB 18,900 per tonne, and the aluminium price in Shenyang descended by RMB 50 per tonne to close at RMB 19,020 per tonne.
LME aluminium benchmark price contracts by US$22/t to US$2,153/t; SHFE price loses US$26/t
January 16, 2024
On Monday, January 15, LME aluminium cash bid price and LME aluminium official settlement price dropped by US$21.5 per tonne or 0.98 per cent
Polish mills increase rebar prices to cover higher production costs
January 16, 2024
Some deals were heard concluded at the higher prices, but the traded quantities were not specified.
HRC price flattens in Europe amid sluggish buying; sentiment still positive
January 16, 2024
The index was also up by €36.88 per tonne week on week and by €45.38 per tonne month on month.
Gold frail as dollar, yields strength dim shine
January 16, 2024
The dollar index touched a 10-day high, making bullion less attractive for other currency holders, while yields on benchmark U.S.