The revised surcharge mechanism introduced by domestic stainless mills in October has had little effect on buying patterns so far due to generally weak demand, a top stainless executive said this past week.

A build-up of coal stocks at the Richards Bay Coal Terminal in South Africa could mean a slowdown in the buyers’ market, even if Transnet, the national rail freight carrier, has increased its efficiency in shifting material from mines to the port.

20:21 Two big shareholders back PEAMCoal’s Macarthur bid Oct 22, 2011 20:11 Patriot bullish on met coal despite bigger 3d-qtr. loss Oct 21, 2011 16:16 SWAPS REPORT: Prices edge up at end of OTC iron ore market's biggest week Oct 21, 2011 12:17...

KEYWORDS: metallurgical coal , PEAMCoal , ArcelorMittal , Peabody Energy , Macarthur Coal , Citic PEAMCoal Pty. Ltd. is less than 1 percent away from locking up its acquisition of Macarthur Coal Ltd. now that two major shareholders have agreed to sell...

The recent rise in cancelled warrants for copper is a sign of Chinese merchants restocking at prices at or below $7,000 per tonne rather than consumption, traders told MB.

KEYWORDS: Central Steel & Wire , Samuel Son , purchase offer , Edelman & Co Canadian metals distributor and metal products manufacturer Samuel, Son & Co. Ltd. has withdrawn a $264.3-million offer to acquire Central Steel & Wire Co. afte...

KEYWORDS: ArcelorMittal , wire rod , Fontaine , Belgium , closure Talks that started in late August between ArcelorMittal management and workers’ representatives over the permanent closure of the company’s wire rod plant in Fontaine, Belgium, are s...

KEYWORDS: ferrous scrap , Spain , Turkey , domestic demand Spanish merchants have been exporting ferrous scrap to Turkey over the past six weeks because of weak domestic demand, market participants told MB Spanish merchants have been exporting ferrous...

OneSteel has completed its purchase of WPG Resources' iron ore assets in South Australia for about A$320 million ($306 million), less than the A$346 million previously announced.