Copper surged nearly its highest level in more than 15 months, lifted by the threat of industrial action in one of the world’s top copper mines in Chile. Other metals took their cue from copper and rallied to multi-month highs. Zinc rose to its highest since March 2008 while Nickel climbed to a two-month peak […] ↓ Read the rest of this entry…
Leading Indian steel producers Tata Steel and Steel Authority of India (SAIL) report an increase of their steel prices because of high demand according to www.rusmet.com. Moreover, SAIL cancels discounts for steel traders, which will result in price rise of steel products by 700-1500 rupees per ton. Tata Steel increased prices for its long products […] ↓ Read the rest of this entry…
Japan’s Scrap Metal Exports Up in November Japan’s scrap exports rose by 30.1 percent to 454,000 tons in November compared to the previous month. Among them, Japan’s scrap exported to China was 229,000 tons, down by 15.8 percent; Korea 192,000 tons, up by 288.3 percent. Japan exported 8.761 million tons of scrap from January to […] ↓ Read the rest of this entry…
MUMBAI (Commodity Online): Lead is likely to gain a modest momentum in 2010 as the demand from automobile industry and battery are expected boost across the globe, particularly in China and India. In 2009, lead remained stagnant due weak global economic arena. Experts envisage a good year for lead as the financial bubble is slipping […] ↓ Read the rest of this entry…
Taiwan’s Feng Hsin Iron and Steel has announced to raise its rebar and scrap purchasing price this week. The rebar price is increased by NT$300/ton to NT$17,100/ton. And the company also raises its scrap purchasing price NT$300/ton to NT$10,600~11,100/ton. At the same time, the price of steel section remains unchanged for this week. Its steel […] ↓ Read the rest of this entry…
The scrap average price remained unchanged at ¥ 23,316 / ton last week according to www.yieh.com . In detail, the average price in Kanto area is about ¥ 24,500 /ton, and ¥ 21,880 / ton in the central region, ¥ 23,567 / ton in Kansai region.
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