Iran Billet Export Market Sentiments Remain Dull on Weak Demand
This was another dull week for Iranian billet export market. In fact, the country’s billet export market went through resilient phase throughout the month.
Iran’s billet export market is battling with US sanctions on increased pressure on SE Asia and Middle East countries.
According to SteelMint sources, this week Iranian billet export assessment stands at USD 370-375/MT FoB. The shipment is scheduled for end Aug-early Sep’19.
Although Turkey’s scrap import assessment has started gaining increase since this week but market awaits deals to be concluded at high prices. SteelMint’s assessment of imported HMS 1&2 (80:20) stands at USD 281/MT, CFR Turkey up marginally against last week close.
source: SteelMint
Top News
Glencore in talks to sell Philippine copper smelting unit
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Mercuria partners with Zambia on metals trading venture
Iron ore price weakens as Australia flags return to sub-$100 prices
Arcadium Lithium investors sue miner over Rio Tinto takeover
Rio Tinto, BHP, and BlueScope to build ‘green iron’ plant
Aluminum price falls to one-month low in wider commodity slump
Triple Flag to acquire royalty on Tres Quebradas lithium project
Gemfields says unrest could disrupt Mozambique ruby mine
Iron ore price rises on pre-holiday restocking, China stimulus hopes
Canada invests $70m in Seymour Lake lithium project in Ontario
Solar, EVs and a big exit from coal: 2024’s good climate news
Gold price steadies as traders focus on uncertain 2025 rate path
Lithium suppliers seek to rein in price discounts in 2025 talks
Nigeria resumes mining in Zamfara state on improved security
Midnight Sun receives exploration license renewal for Solwezi copper project in Zambia
Lithium Americas and GM close joint venture for Thacker Pass mine
Gold price slips as traders weigh outlook for Fed interest rate cuts
Gemfields says unrest could disrupt Mozambique ruby mine
Iron ore price rises on pre-holiday restocking, China stimulus hopes
Canada invests $70m in Seymour Lake lithium project in Ontario
Solar, EVs and a big exit from coal: 2024’s good climate news
Gold price steadies as traders focus on uncertain 2025 rate path
Lithium suppliers seek to rein in price discounts in 2025 talks
Nigeria resumes mining in Zamfara state on improved security
Midnight Sun receives exploration license renewal for Solwezi copper project in Zambia
Lithium Americas and GM close joint venture for Thacker Pass mine