Metal Bulletin April Averages -...

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Monday 10 May 2010 | Metal Bulletin | 23

© Copyright Metal Bulletin Journals Ltd, 2010Metal Bulletin monthly average prices are calculated on thoseprice quotations formulated during the month. This may bedifferent from the MB issues published during the month.

Metal Bulletin April Averages Low HighAluminiumEuropean free market $/tonne inwarehouse min 99.7% ingot dutyunpaid premium 71.250 93.750AntimonyMB free marketRegulus 99.65%, max Se 50ppm,$/tonne in warehouse 8,368.750 8,887.500MMTA Standard grade II $/tonne 7,193.750 7,637.500BismuthMB free marketmin. 99.99%, $/lb, tonne lots inwarehouse 9.288 10.038CadmiumMB free marketmin 99.95%, cents/lb in warehouse 180.000 210.000min 99.99%, cents/lb in warehouse 185.000 220.000CobaltMB free marketHigh Grade, $/lb in warehouse 22.863 23.938Low Grade, $/lb in warehouse 19.944 22.856CopperUS High-grade cathode premium indicator,$/tonne 82.500 110.000Germanium DioxideMB free market min 99.99%, $/kg 600.000 675.000GoldLondon per troy oz Morning $1,148.47500 Afternoon $1,148.68750 Morning £749.11525 Afternoon £749.61260 Handy/Harman $1,147.70IndiumMB free marketIngots min 99.97%, $/kg in warehouse 585.000 648.750MagnesiumMB free marketmin 99.8%, $/tonne 2,762.500 2,912.500China free market min 99.8% 2,757.500 2,775.000MercuryMB free marketmin 99.99%, $/flask in warehouse 500.000 600.000MolybdenumFree market in warehouseEurope drummed molybdicoxide $/lb Mo 17.413 17.888US canned molybdic oxide $/lb Mo 17.688 18.094NickelFree market in warehouse premiumEurope $/tonne uncut cathodes 150.000 200.000 4x4 cathodes 356.250 412.500 briquettes 412.500 468.750US Melting $/lb 0.925 1.025 Plating $/lb 1.075 1.175PalladiumMorning $/troy oz $533.75000Afternoon $/troy oz $533.25000Platinum: per troy ozEuropean free marketMorning $/troy oz $1,717.50000Afternoon $/troy oz $1,715.55000RhodiumEuropean free marketmin 99.9% in warehouse, $/troy oz 2,812.500 2,862.500

Exchange rates (Closing Rates)$/£ 1.5340$/yen 81.2720$/euro 1.3416 Low HighBarclays Bank Quotation (1400 hours)£/$ 1.5329 1.5331£/$ 3mth 1.5322 1.5325

Low HighSeleniumMB free marketmin 99.5% in warehouse $/lb 33.125 38.000Silicon MB free market €/tonne 1,946.875 2071.875SilverLondonspot pence/troy oz 1,180.57250spot cents/troy oz 1,809.95000Handy/Harman cents/troy oz 1,816.81TinEuropean free marketSpot Premium $/tonne 370.000 400.000Spot - 3 months premium $/tonne 300.000 350.000Kuala Lumpur (ex-smelter) $/tonne 18,662.73TitaniumFerro-Titanium70% (max 4.5% Al), $/kg d/d Europe 6.988 7.450TungstenEuropean free market APT $/mtu 212.875 218.500US free market APT $/stu 168.750 185.000Foundry ingotsAluminium LM24 1,662.500 1,747.500 LM6/LM25 1,845.000 1,908.750Aluminium Europe €/tonne 1,987.500 2,047.500Phosphor BronzePB1 ex-works £/tonne 6,420.000Zinc Alloy10 tonne lots ZL3 £/tonne 2,093.000OresFerro-Molybdenumbasis 60% Mo, $/kg 33.000 35.000basis 65-70% Mo, $/kg 42.863 44.750Tungstenmin 65% WO3, cif $/MTU WO3 140.000 160.000Vanadiummin 98%, other sources, $/lb V2O5 7.075 7.550Ferro-Vanadiumbasis 70-80%, $/kg V 32.750 34.375US Free market 70-80% 16.250 16.563Ferro-Tungstenbasis 75% W min 28.375 29.375

London Metal ExchangeHigh, low and average April (20 days)LME averages are mean of buyers and sellers except forsettlement and 3 months sellers. January - April 2010 April High Low Average $ $ $Copper Grade A ($)Cash 7,950.25 6,241.75 7,744.393 months 7,070.50 6,260.25 7,779.26Settlement 7,950.50 6,242.00 7,745.083 months seller 7,971.00 6,260.50 7,780.68Copper Grade A (£)Settlement 5,240.45 3,977.57 5,051.833 months seller 5,256.53 3,991.39 5,077.35Tin ($)Cash 19,130.00 14,937.50 18,676.383 months 19,180.00 14,987.50 18,741.88Settlement 19,135.00 14,950.00 18,683.503 months seller 19,185.00 15,000.00 18,747.75Lead ($)Cash 2,590.50 1,924.75 2,264.483 months 2,617.50 1,937.25 2,291.13Settlement 2,591.00 1,925.00 2,264.853 months seller 2,620.00 1,937.25 2,292.05Lead (£)Settlement 1,628.95 1,226.66 1,477.173 months seller 1,648.11 1,235.26 1,495.59Zinc ($)Cash 2,634.25 1,980.75 2,366.343 months 2,659.50 1,992.50 2,398.33Settlement 2,634.50 1,981.00 2,366.683 months seller 2,660.00 1,993.00 2,398.88Aluminium ($)Cash 2,447.25 1,948.50 2,316.403 months 2,481.75 1,982.50 2,345.88Settlement 2,447.50 1,949.00 2,316.733 months seller 2,482.00 1,983.00 2,346.25Aluminium Alloy ($)Cash 2,305.00 1,837.50 2,164.683 months 2,330.00 1,860.00 2,190.75Settlement 2,310.00 1,840.00 2,168.233 months seller 2,335.00 1,865.00 2,196.25Nickel ($)Cash 27,575.00 17,032.50 26,022.753 months 27,592.50 17,112.50 26,075.63Settlement 27,600.00 17,035.00 26,030.753 months seller 27,595.00 17,125.00 26,083.75Nassa ($)Cash 2,301.50 1,895.00 2,189.543 months 2,345.00 1,925.00 2,221.50Settlement 2,302.00 1,900.00 2,193.333 months seller 2,350.00 1,930.00 2,227.00Cobalt ($)3 months 47,000.00 38,300.00 44,632.503 months seller 47,500.00 38,600.00 45,045.00Molybdenum ($)3 months 41,500.00 37,500.00 39,125.503 months seller 42,500.00 38,000.00 40,095.00Steel Billet Mediterranean ($)Cash 600.50 385.50 541.413 months 615.00 412.00 565.05Settlement 601.00 386.00 542.653 months seller 620.00 415.00 569.35Steel Billet Far East ($)Cash 590.00 405.00 566.253 months 605.00 435.00 581.25Settlement 595.00 410.00 571.253 months seller 610.00 440.00 586.25LME Settlement Conversion Rates$/£ 1.5331$/yen 93.458$/euro 1.3408

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esDaily metal and steelLondon forward

“LME settlement prices. All prices per tonne, unless otherwise stated, in LME warehouse, EU duty, if any paid, for buyers account.”Year ago May 6 Apr 30 May 3 May 4 May 5 May 6Aluminium High Grade $1490.50-1491.00 LME Cash official 2183.00-2184.00 closed 2163.00-2164.00 2094.00-2095.00 2050.00-2051.00 “unofficial” 2184.00-2185.00 closed 2141.00-2142.00 2072.00-2073.00 2061.00-2063.001531.00-1533.00 LME 3 months official 2209.50-2210.00 closed 2195.00-2195.50 2120.00-2121.00 2082.00-2082.50 “unofficial” 2215.00-2216.00 closed 2173.00-2174.00 2104.00-2105.00 2092.00-2094.00 LME Tapo Notional Average Price(NAP) for May 2010 2323.71 closed 2164.00 2129.50 2103.33 LME stocks (tonnes) 4,529,550 closed 4,518,075 4,511,675 4,506,225Aluminium Alloy (A380.1/DIN226/D12S) $1240.00-1241.00 LME Cash official 2025.00-2026.00 closed 2040.00-2050.00 1950.00-1951.00 1900.00-1925.00 “unofficial” 2025.00-2035.00 closed 2040.00-2050.00 1990.00-2000.00 1925.00-1935.001290.00-1300.00 LME 3 months official 2050.00-2060.00 closed 2065.00-2075.00 1970.00-1980.00 1925.00-1950.00 “unofficial” 2050.00-2060.00 closed 2065.00-2075.00 2015.00-2025.00 1950.00-1960.00 LME stocks (tonnes) 73,240 closed 73,020 72,940 72,860N. American Special Aluminium Alloy1270.00-1275.00 LME Cash official 2060.00-2070.00 closed 2110.00-2120.00 1995.00-2005.00 1955.00-1975.00 “unofficial” 2070.00-2080.00 closed 2075.00-2085.00 1970.00-1980.00 1940.00-1950.001307.00-1309.00 LME 3 months official 2090.00-2095.00 closed 2100.00-2110.00 2020.00-2030.00 1980.00-2000.00 “unofficial” 2095.00-2105.00 closed 2100.00-2110.00 1995.00-2005.00 1965.00-1975.00 LME stocks (tonnes) 172,240 closed 172,120 117,800 171,060Copper Grade A$4590.00-4591.00 LME Cash official 7360.00-7365.00 closed 7175.00-7175.50 6800.00-6801.00 6944.00-6945.00 “unofficial” 7340.00-7350.00 closed 7030.00-7035.00 6763.00-6768.00 6879.50-6884.504595.00-4596.00 LME 3 months official 7394.50-7395.50 closed 7199.00-7200.00 6847.00-6848.00 6998.00-6999.00 “unofficial” 7375.00-7385.00 closed 7065.00-7070.00 6800.00-6805.00 6915.00-6920.00 LME Tapo Notional Average Price(NAP) for May 2010 7765.08 closed 7175.50 6988.25 6973.83 LME stocks (tonnes) 496,975 closed 493,275 492,700 490,875Lead $1407.50-1408.00 LME Cash official 2175.00-2176.00 closed 2129.00-2129.50 1960.00-1962.00 1963.00-1965.00 “unofficial” 2184.00-2189.00 closed 2080.00-2085.00 1913.00-1915.00 1954.00-1959.001416.00-1417.00 LME 3 months official 2207.50-2208.00 closed 2148.00-2149.00 2000.00-2005.00 1994.00-1994.50 “unofficial” 2210.00-2215.00 closed 2110.00-2115.00 1945.00-1947.00 1985.00-1990.00 LME stocks (tonnes) 182,125 closed 182,525 182,725 182,975Nickel$12000-12005 LME Cash official 25805-25810 closed 25635-25650 22555-22560 21650-21670 “unofficial” 25595-25645 closed 24550-24600 22235-22285 21640-2169012100-12105 LME 3 months official 25895-25900 closed 25720-25725 22695-22700 21660-21665 “unofficial” 25650-25700 closed 24600-24650 22300-22350 21700-21750 LME stocks (tonnes) 145,782 closed 145,446 145,446 144,930Tin $13375.00-13400.00 LME Cash official 18090.00-18095.00 closed 18075.00-18080.00 17200.00-17250.00 17645.00-17650.00 “unofficial” 17875.00-17925.00 closed 17725.00-17775.00 17425.00-17450.00 17480.00-17530.0013000.00-13050.00 LME 3 months official 18140.00-18145.00 closed 18145.00-18150.00 17285.00-17295.00 17695.00-17700.00 “unofficial” 17950.00-18000.00 closed 17800.00-17850.00 17450.00-17500.00 17550.00-17600.00 LME stocks (tonnes) 21,135 closed 20,970 20,895 20,940Zinc Special High Grade $1520.00-1522.00 LME Cash official 2255.00-2256.00 closed 2175.00-2180.00 2035.00-2036.00 2090.00-2090.50 “unofficial” 2248.00-2252.00 closed 2117.00-2127.00 2036.50-2046.50 2080.00-2083.001540.50-1541.00 LME 3 months official 2280.00-2280.50 closed 2208.00-2209.00 2065.00-2065.50 2121.00-2121.50 “unofficial” 2280.00-2284.00 closed 2150.00-2160.00 2070.00-2080.00 2112.00-2115.00 LME stocks (tonnes) 559,475 closed 566,150 572,475 571,800Cobalt min 99.3% LME 3 months official 42500.00-42750.00 closed 42500.00-42750.00 41500.00-42000.00 42500.00-43000.00 LME stocks (tonnes) 38 closed 38 38 38Molybdenum $ LME 3 months official 38000.00-40000.00 closed 38500.00-39500.00 38000.00-39000.00 38000.00-40000.00 LME stocks (tonnes) 54 closed 54 54 54Mediterranean Steel Billet340.00-350.00 LME Cash Official 500.00-506.00 closed 500.00-510.00 500.00-510.00 480.00-480.50 “unofficial” 500.00-506.00 closed 500.00-510.00 500.00-510.00 480.00-480.50340.00-345.00 LME 3 months official 520.00-530.00 closed 520.00-530.00 525.00-530.00 500.00-515.00 “unofficial” 520.00-530.00 closed 520.00-530.00 525.00-530.00 500.00-515.00 LME stocks (tonnes) 42,185 closed 41,340 39,585 38,285Far East Steel Billet350.00-360.00 LME Cash official 525.00-535.00 closed 525.00-535.00 525.00-535.00 525.00-535.00 “unofficial” 525.00-535.00 closed 525.00-535.00 525.00-535.00 525.00-535.00350.00-360.00 LME 3 months official 540.00-550.00 closed 540.00-550.00 540.00-550.00 540.00-550.00 “unofficial” 540.00-550.00 closed 540.00-550.00 540.00-550.00 540.00-550.00 LME stocks (tonnes) 4,810 closed 4,810 4,810 4,810Gold $/troy oz903.50 London morning 1175.25 closed 1184.25 1172.00 1178.00910.00 London afternoon 1179.25 closed 1185.00 1165.00 1185.25910.00 Handy/Harman 1179.25 1187.00 1185.00 1165.00 1185.25Silver per troy oz890.66/1344.00 London Spot pence/cents 1214.22/1862.00 closed 1231.73/1871.00 1163.31/1763.00 1174.63/1769.001372.00 Handy/Harman cents 1877.50 1874.50 1808.50 1760.00 1760.00Palladium $/troy oz223.00 London morning 551.00 closed 540.00 510.00 507.00225.50 London afternoon 552.00 closed 529.00 493.00 507.00Platinum $/troy oz1131.00 London morning 1737.00 closed 1720.00 1665.00 1666.001136.00 London afternoon 1738.00 closed 1712.00 1636.00 1662.00

DubaiDubai Gold & Commodities Exchange settlement prices. All prices per tonne fca on truck Jebel Ali free zone duty-unpaid customs-cleared May 3 May 4 May 5 May 6Rebar $ May delivery 600.00 600.00 600.00 600.00 June delivery 610.00 610.00 610.00 600.00

Kuala Lumpur futuresYear ago May 6 Apr 30 May 3 May 4 May 5 May 6Tin $/tonne12,530 18,300 18,250 18,280 17,975 17,870

24 | Metal Bulletin | Monday 10 May 2010

Prices Pages.indd 24 07/05/2010 10:24:41

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LME & SHFE stocks (tonnes effective 5 May) Note:deliveries in and out for the week Apr 29 - May 5Aluminium Delivered in Delivered out Total Ingots T Bars Sows Ingots T Bars Sows Ingots T Bars SowsAntwerp nil nil nil 3,975 50 nil 99,475 37,425 3,775Hamburg nil nil nil nil nil nil 23,425 20,075 nilGenoa nil nil nil nil nil nil 12,000 nil nilTrieste nil nil nil nil nil nil 34,475 64,250 nilLeghorn nil nil nil nil nil nil 475 nil 900Nagoya nil nil nil nil nil nil nil nil nilBusan nil nil nil nil nil nil 47,525 31,525 17,225Gwangyang nil nil nil nil nil nil 57,625 68,350 nilIncheon nil nil nil nil nil nil 31,925 15,075 950Johor nil nil nil 250 nil nil 188,125 37,550 43,125Port Klang nil nil nil nil nil nil 2,500 10,000 nilRotterdam nil nil nil 1,325 1,675 975 276,550 307,925 93,525Vlissingen nil nil nil nil 125 nil 8,200 54,250 nilSingapore 250 nil nil 775 nil nil 360,525 112,650 114,400Bilbao nil nil nil nil 100 nil 16,700 25,300 125Gothenburg nil nil nil nil nil nil nil nil 25Helsingborg nil nil nil nil nil nil nil 12,400 nilHull nil nil nil nil nil nil 14,950 13,475 nilLiverpool nil nil nil nil 25 1,575 14,725 25,200 15,550Tyne & Wear nil nil nil nil nil nil 25,900 87,075 5,250Baltimore nil nil nil nil 7,025 1,150 20,675 201,475 276,400Chicago nil nil nil 275 1,700 2,150 11,825 140,525 73,175Detroit nil nil nil nil 5,700 1,425 25,025 513,700 391,000Long Beach nil nil nil nil nil nil 4,225 4,750 2,600Los Angeles nil nil nil nil nil nil 75 5,975 2,675Mobile nil nil nil nil nil nil 241,300 11,350 16,450New Orleans nil nil nil nil nil nil 47,400 17,575 12,825St Louis nil nil nil nil nil nil nil 925 nilToledo nil nil nil nil nil nil 1,650 5,225 50,400Total 250 nil nil 6,600 16,400 7,275 1,567,275 1,824,025 1,120,375

Al.alloy (large sows) Delivered in Delivered out Total A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/JSAntwerp nil nil nil nil nil nil nil 1,100 nilRotterdam nil nil nil nil nil nil 200 640 nilVlissingen nil nil nil nil nil nil nil 160 nilSingapore nil nil nil nil nil nil 400 nil nilTotal nil nil nil nil nil nil 600 1,900 nilAlum.alloy Delivered in Delivered out Total A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/J1S A380.1 226/DIN D12S/JSAntwerp nil nil nil nil 280 nil nil 15,080 nilBremen nil nil nil nil nil nil 120 nil nilHamburg nil nil nil nil nil nil 60 nil nilGenoa nil nil nil nil nil nil 11,840 nil nilTrieste 60 nil nil 260 nil nil 10,280 1,640 nilGwangyang nil nil nil nil nil nil nil nil nilIncheon nil nil nil nil nil nil nil nil nilJohor nil nil nil nil nil nil nil 3,280 nilRotterdam nil nil nil nil nil nil 760 6,740 nilVlissingen nil nil nil 20 nil nil 380 12,640 nilSingapore nil nil nil nil nil nil 140 3,640 nilBilbao nil nil nil nil 100 nil 2,540 380 nilLiverpool nil nil nil nil nil nil 320 nil nilTotal 60 nil nil 280 380 nil 26,440 43,400 nilNickel Delivered in Delivered out Total Cats Pellets Briqs Cats Pellets Briqs Cats Pellets BriqsAntwerp nil nil nil nil nil 24 nil nil nilLeghorn nil nil nil nil nil nil nil nil 120Trieste nil nil nil nil nil nil nil nil nilGwangyang nil nil nil nil nil nil 594 nil nilRotterdam nil nil nil nil nil 222 6 nil 120Helsingborg nil nil nil nil nil nil nil nil nilSingapore 180 nil nil nil nil nil 234 nil 960Busan nil nil nil nil nil nil nil nil nilSt Louis nil nil nil nil nil nil nil nil nilTotal 180 nil nil nil nil 246 834 nil 1,200

Nickel full plate cats Delivered Delivered Total in outHamburg nil nil 1,104Busan 60 nil 6,126Gwangyang nil 120 5,994Rotterdam 408 702 103,884Vlissingen nil nil nilSingapore 60 18 2,616Gothenburg nil nil 1,632Helsingborg nil nil 4,008Tyne & Wear nil nil 4,020Liverpool nil nil 4,536Baltimore nil nil nilTotal 528 840 133,920Copper Delivered Delivered Total in out cats cats catsAntwerp nil nil 750Hamburg nil nil 10,525Leghorn 250 50 6,425Trieste nil nil 1,175Busan nil 2,875 72,125Gwangyang nil nil 3,225Incheon 200 nil 5,650Johor nil nil 4,125Port Klang nil nil 1,000Rotterdam nil 400 29,075Vlissingen nil nil nilSingapore 850 3,300 14,775Barcelona nil nil nilBilbao nil 50 12,775Dubai nil nil 500Liverpool nil 450 4,375Baltimore nil nil nilChicago nil 475 31,900Mobile nil 325 11,050New Orleans nil 3,025 199,300St Louis nil 200 83,950Total 1,300 11,150 492,700

Shanghai Futures Exchange DeliverableAluminium 433,500Copper 181,140Zinc 262,864

Lead Delivered Delivered Total in outAntwerp 1,200 nil 13,850Hamburg nil nil 7,625Genoa nil nil 6,350Leghorn nil nil 4,625Trieste nil nil 2,825Johor nil nil 500Port Klang 700 nil 6,625Rotterdam nil nil 8,375Vlissingen nil nil 8,100Singapore 250 nil 5,325Barcelona 200 nil 8,700Bilbao nil nil 19,625Liverpool nil nil 475Baltimore nil nil 7,325Chicago nil nil 25Detroit 300 nil 42,350Long Beach nil nil 25,350Los Angeles nil nil 2,700Mobile nil nil 2,225New Orleans nil nil 9,750Total 2,650 nil 182,725Zinc Delivered Delivered Total in outAntwerp nil nil nilTrieste nil nil 6,550Johor nil nil 91,500Port Klang 975 nil 12,975Rotterdam nil nil 25,550Vlissingen nil nil 25Singapore nil 400 9,025Dubai nil nil 2,050Hull nil nil 4,150Bilbao nil 25 650Chicago nil 800 20,800Detroit nil nil 90,400Long Beach nil nil 4,550Los Angeles nil nil 9,500New Orleans 29,600 2,250 293,075St Louis nil nil 700Toledo nil nil 975Total 30,575 3,475 572,475Tin Delivered Delivered Total in outAntwerp nil nil nilBusan nil nil 95Gwangyang nil 25 565Rotterdam nil nil 25Johor 550 460 14,025Singapore nil 145 5,945Baltimore nil 45 240Total 550 675 20,895

NASAAC ingots Delivered Delivered Total in outBaltimore 200 nil 11,900Chicago nil 280 22,660Detroit nil nil 11,180Long Beach nil nil nilLouisville nil 360 260Owensboro nil nil 40New Orleans nil nil 1,320St Louis nil 20 20Total 200 660 47,380NASAAC T-Bars Delivered Delivered Total in outBaltimore nil nil 3,360Detroit nil nil 5,180Owensboro nil nil nilTotal nil nil 8,540NASAAC large sows Delivered Delivered Total in outBaltimore nil nil 3,700Chicago nil nil 160Owensboro nil nil 100Total nil nil 3,960NASAAC small sows Delivered Delivered Total in outChicago nil 320 75,460Detroit nil nil 23,980Louisville nil nil 1,380Mobile nil nil 200New Orleans nil nil 4,000Owensboro nil nil 40St Louis nil nil 6,860Total nil 320 111,920

Steel Billet Delivered in Delivered out Total FE Med FE Med FE MedKocaeli nil nil nil 910 nil 2,340Tekirdag nil nil nil 1,690 nil 37,245Johor nil nil nil nil 2,730 nilIncheon nil nil nil nil 2,080 nilTotal nil nil nil 2,600 4,810 39,585

Cobalt Delivered Delivered Total in outRotterdam nil nil 38Baltimore nil nil nilTotal nil nil 38Roasted Molybdenum Concentrate RMC Powder Delivered Delivered Total in outRotterdam nil nil 54Singapore nil nil nilBaltimore nil nil nilTotal nil nil 54


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esExchange Rates & New York Futures

May 5 May 7AluminiumLME prices: see Daily MetalEuropean free market: $/tonne in warehousemin 99.7% ingot duty unpaid premium indicator 75-100* 75-100*LME duty-paid Premium Indicator/HG Cash 150-170* 150-170*HG duty-paid three months 145-165* 145-165*Cif Japan: 99.7% duty unpaid premium indicator quarterly 125-130* 125-130*CIS-origin: indicators in warehouse Europe:A7e premium 75-100 75-100LME warehouse premium Singapore: 80-90* 80-90*Extrusion billet premium 6063, EC duty paid,in warehouse Rotterdam ($/tonne) 370-385 370-385US free market: P1020 US midwestpremium indicator ($/lb) 0.065-0.068* 0.065-0.069*MB free market alumina: Metallurgical grade,spot fob, $/tonne 320-350 320-350MB Chinese free market,Metallurgical grade, delivered duty paid RMB/tonne 2,850-2,950* 2,850-2,950*Copper & BrassLME: see Daily MetalProducer premium(Codelco): contract2010 Grade A cathode (average) 80 80MB free market US: High-grade cathodepremium indicator, $/tonne 88.00-121.00* 88.00-121.00*MB European free market premium: $/tonneN. Europe Grade A 60-80* 60-80*LME warehouse premium Singapore: 30-40* 30-40*Chinese Grade 1: 55-60* 55-60*Cif Shanghai premium LME Grade A: 70-90* 70-90*Germany: (VDM) Electro, €/tonne wirebar (DEL): 5,330.80-5,414.50 5,330.80-5,414.50cathodes: 5,360.00-5,450.00 5,360.00-5,450.00South Africa: Phalaborwa W/B, Rand/tonne 68,645.67 68,645.67TinKuala Lumpur and LME prices: see Daily MetalMB European free marketSpot premium 99.9% $ per tonne 370-400* 370-400*Spot premium 99.85% $/tonne 300-350* 300-350*MB US free market: Grade A tin premium $/lb 0.22-0.25* 0.22-0.25*

Precious Metals

Base Metals

May 5 May 7IridiumMB free market: min. 99.9%, $/troy oz in warehouse 530-600* 530-600*Johnson Matthey base price: (unfab) $/troy oz (09.00 hrs) 595 595Engelhard base price: $/troy oz 600 600PalladiumWorld prices: see Daily MetalEuropean free market: min. 99.9%,$/troy ozin warehouse 510-515* 505-510*Engelhard base price: $/troy oz 528 510Johnson Matthey base price: (unfab) $/troy oz (09.00 hrs) 515 504

May 5 May 7PlatinumWorld prices: see Daily MetalEuropean free market: min. 99.9%, $/troy ozin warehouse 1,665-1,670* 1,660-1,665*Engelhard base price: $/troy oz 1,710 1,665Johnson Matthey base price: (unfab)$/troy oz (09.00 hrs) 1,687 1,665RhodiumEuropean free market: min. 99.9%, $/troy ozin warehouse 2,800-2,850* 2,750-2,800*Engelhard base price: $/troy oz 2,850 2,825Johnson Matthey base price: (unfab)$/troy oz (09.00 hrs) 2,850 2,825RutheniumEuropean free market: min. 99.9%, $/troy ozin warehouse 200-240* 200-240*Engelhard base price: $/troy oz 245 245Johnson Matthey base price: (unfab) $/troy oz (09.00 hrs) 240 240

Shanghai futuresYear ago May 6 Apr 30 May 3 May 4 May 5 May 6Aluminium yuan/tonne (May delivery)12,855 15,880 closed 15,815 15,610 15,580Copper yuan/tonne (May delivery)38,790 58,400 closed 57,960 56,470 56,550Zinc yuan/tonne (May delivery)12,910 17,940 closed 17,765 17,135 17,200

Exchange Rates Apr 30 May 3 May 4 May 5 May 6LME Settlement Conversion Rates$/£ 1.5321 closed 1.5171 1.5125 1.5077$/Yen 94.48 closed 94.49 94.80 93.91$/euro 1.3319 closed 1.3096 1.2927 1.2731Closing Rates, Midpoint$/£ 1.5307 1.5227 1.5112 1.5116 1.4972$/Yen 94.01 94.51 94.52 94.38 93.35$/euro 1.3297 1.3175 1.3033 1.2865 1.2710£/euro 1.1512 1.1558 1.1595 1.1750 1.1780

Standard Bank pricesStandard Bank’s rand fixing prices per tonne for London Metal Exchange trade Apr 30 May 3 May 4 May 5 May 6Copper R53,996.50 closed R53,931.06 R51,687.60 R53,004.24Aluminium R16,012.00 closed R16,264.62 R15,922.00 R15,653.23Lead R15,953.34 closed R16,005.32 R14,911.20 R14,996.88Zinc R16,539.86 closed R16,384.88 R15,473.60 R15,954.70Nickel R189,226.02 closed R192,785.40 R171,456.00 R165,385.44Tin R132,663.49 closed R135,889.28 R131,100.00 R134,704.80

New York futuresYear ago May 5 Apr 29 Apr 30 May 3 May 4 May 5 (Comex) Copper high grade cents/lb218.85 May ̀ 10 333.35 333.75 327.85 316.45 313.80104,419 Open Interest 149,341 147,488 146,794 142,318 139,398 48,056 Stocks (short tons) 101,128 101,151 101,151 101,151 101,151 (Comex) Gold $/troy oz903.70 May ̀ 10 1,169.50 1,174.80 1,179.20 1,189.20 1,170.10341,167 Open Interest 536,846 545,340 550,942 551,616 552,6838,495,090 Stocks (troy oz) 10,148,492 10,184,333 10,184,433 10,189,044 10,189,044(Nymex) Palladium $/troy oz222.90 Nymex Sett Jun 545.85 555.45 541.50 536.70 487.003,936 Stocks (troy oz) 6,338 6,332 6,332 6,332 6,329(Nymex) Platinum $/troy oz1,137.90 Nymex Sett Jul 1,716.90 1,742.50 1,731.20 1,717.00 1,640.402,553 Stocks (troy oz) 2,559 2,557 2,557 2,557 2,557(Comex) Silver cents/troy oz1,340.20 May ̀ 10 1,809.00 1,868.50 1,871.50 1,871.50 1,725.0091,564 Open Interest 123,906 124,216 124,819 123,448 120,913

May 5 May 7NickelLME prices: see Daily MetalEurope: $/tonne in warehouse Rotterdamuncut cathodes premium indicator 150.00-200.00* 150.00-200.00*4x4 cathodes premium indicator 400.00-500.00* 400.00-500.00*briquettes premium indicator 500.00-600.00* 500.00-600.00*US: melting premium indicator $/lb 0.90-1.05* 0.90-1.05*plating premium indicator $/lb 1.10-1.20* 1.10-1.25*LeadLME prices: see Daily MetalGermany: (VDM) virgin soft, €/tonne 1,700.00-1,720.00 1,700.00-1,720.00MB US: High Grade ingot premium indicator, $/lb 0.0500-0.0800* 0.0500-0.0800*MB European free market:in warehouse Rotterdam €/tonne 35-50* 35-50*European Automotive battery premium free market (Eurobat)in warehouse Rotterdam €/tonneSoft lead (average) 152.24* 152.24*Ca/Ca grid lead (average) 219.60* 219.60*Connector lead (average) 158.83* 158.83*European Industrial batterypremium free market (Eurobat)in warehouse Rotterdam €/tonne (average) 103.98* 103.98*LME warehouse premium Singapore: 50-65* 50-65*Cif Shanghai premium LME: 100-100* 100-100*Lead concentrates: 70/80% Pb $/tonne T/C, cif. 200-250 200-250ZincLME prices: see Daily MetalGermany: (VDM) virgin, €/tonne 1,710-1,800 1,710-1,800UK: ThyssenKrupp Metallurgie GMbHcontract price forMay 2010Special high grade, £/tonne 1,652.00 1,652.00MB US: Special high grade, $/lb 0.0275-0.0325* 0.0275-0.0325*MB EU: Special high grade, fot Rotterdam, $/tonne 100.00-120.00* 100.00-120.00*LME warehouse premium Singapore: 30-50* 30-50*Cif Shanghai premium LME: 80-80* 80-80*Zinc Concentrates:cif main port $/tonne 250-270* 250-270*

Non-Ferrous Primary Metals



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Minor metalsThe specification for all minor metals will be as laid down by the Minor Metals Trade Assn and published on their website (www.mmta.co.uk), unless otherwise indicated.Prices will be basis in warehouse Rotterdam, unless otherwise stated, and will reflect a trading range of business done at the time of the assessment. May 5 May 7AntimonyMB free marketRegulus, min 99.65%, max Se 50 ppm, max 100 ppm Bi,$/tonne in warehouse Rotterdam 8,950-9,550* 8,950-9,550*MMTA Standard Grade II, $/tonne in warehouse Rotterdam 8,900-9,500 8,900-9,500MB Chinese free marketMMTA Standard Grade II, delivered duty paid RMB/tonne 63,000-63,500* 63,000-63,500*ArsenicMB free market $/lb 0.60-0.65* 0.60-0.65*BismuthMB free market $/lb 9.40-10.10* 9.40-10.10*CadmiumMB free marketmin. 99.95%, cents/lb 180-210* 180-210*min. 99.99%, cents/lb 185-220* 185-220*ChromiumMB free marketalumino-thermic, min. 99%, $/tonne 10,500-11,000* 10,500-11,000*western un-degassed AT, min. 99.4%, $/kg d/d 10.25-10.65* 10.25-10.65*CobaltMB free marketHigh Grade, $/lb 22.00-23.00* 22.00-22.65*Low Grade, $/lb 19.25-21.50* 19.00-20.00*MB Chinese free marketConcentrate min 8% cif main Chinese ports $/lb 14.50-15.00* 14.50-15.00*Germanium dioxideMB free market $/kg 600-675* 600-675*IndiumMB free market $/kg 590-650* 590-650*MB Chinese free marketCrude min 98% duty unpaid in w/house China RMB/kg 3,150-3,200* 3,150-3,200*Indium Corp ingots min. 99.97%, $/kg fob 640-640 640-640

May 5 May 7MagnesiumEuropean free market $ per tonne 2,800-2,950* 2,800-2,950*China free marketmin 99.8% Mg, fob China main ports, $ per tonne 2,780-2,800* 2,780-2,800*MB Chinese free market min 99% Mg, ex-works RMB/tonne 16,400-16,700* 16,400-16,700*ManganeseMB free market $/tonne 2,875-2,975* 2,870-2,950*MercuryMB free market $ per flask 500-600* 700-850*Rhenium in warehouse Rotterdam duty paidMetal Pellets, min 99.9% $/lb 2,000-2,300 2,000-2,300APR catalytic grade $/kg Re 4,250-5,550 4,250-5,550SeleniumMB free market $/lb 34.00-38.00* 34.00-38.00*SiliconMB free market €/tonne 2,000-2,175* 2,000-2,175*US free market cents/lb 125-130* 125-130*Hong Kongmin. 98.5%, $/tonne fob main Chinese ports 2,320-2,340* 2,320-2,340*TitaniumMB free market ferro-titanium70% (max 4.5% Al), $/kg Ti d/d Europe 7.40-7.70* 7.40-7.70*Titanium Ores $/tonne Rutile conc min. 95% TiO2 bagged, fob/Aus 700-800 700-800Rutile bulk conc min. 95% TiO2 fob/Aus 525-540 525-540Ilmenite bulk conc min. 54% TiO2 fob/Aus 65-85 65-85

Noble Alloys & Ores May 5 May 7Lithium OresPetalite, 4.2% Li2O bagged fob Durban, $/tonne 165-260 165-260Spodumene > 7.25% Li2O cif Europe, $/tonne 650-700 650-700MolybdenumMolybdic oxideEuropeDrummed molybdic oxide, $/lb Mo 17.00-17.50* 17.00-17.50*USCanned molybdic oxide, $/lb Mo 17.75-18.00* 17.75-18.00*Ferro-Molybdenumbasis 65-70% Mo, $/kg Mo 42.50-44.50* 42.00-44.00*basis 60% Mo, $/kg Mo, duty unpaid in warehouse Rotterdam 33.00-35.00* 33.00-35.00*US free market, 65-70% Mo, $/lb in warehouse Pittsburgh 21.50-22.00* 21.50-22.00*Hong Kong, min. 60% Mo, $/kg Mo, fob main Chinese ports 40.00-40.00* 40.00-40.00*MB Chinese free marketConcentrate 45% Mo, in warehouse China RMB/mtu 2,300-2,320* 2,300-2,320*UraniumNuexco spot price indicator $/lb U3O8 41.75 41.75

May 5 May 7TungstenEuropean free marketAPT, $/mtu 220-225* 222-228*US free marketAPT, $/stu 170-185* 170-185*Hong KongAPT Chinese No1, $/mtu fob main Chinese ports 216.00-222.00* 216.00-222.00*MB Chinese free marketConcentrate 65% W03, in warehouse China RMB/tonne 80,000-81,000* 81,000-82,000*Ferro-Tungstenbasis 75% W min, $/kg W, in warehouse Rotterdam,duty unpaid 28.00-29.00* 28.00-29.00*Hong Kong, min. 75% W, $/kg W, fob main Chinese ports 31.50-31.90* 31.50-31.90*Tungsten OreMin. 65% WO3 $/mtu WO3 140-160* 140-160*VanadiumFerro vanadium basis 70-80%, $/kg V 33.50-34.50* 33.50-34.50*US free market ferro-vanadium, $/lb, in warehouse Pittsburgh 17.00-17.25* 17.00-17.25*Vanadium pentoxide cif Europe min 98% $ per Ib V2O5 7.30-7.70* 7.30-7.70*ZirconFoundry grade bulk, $/tonne fob Australia 800-860 800-860Premium bulk, $/tonne fob Australia 900-950 900-950

Bulk Alloys May 7Ferro-chrome $/lb CrLumpy Cr charge, basis 52% Cr, (and high carbon) quarterly 1.36-1.36*6-8% C basis 60% Cr, max 1.5% Si 1.30-1.40*European low carbon 0.10% C average 60-70% Cr quarterly 1.95-2.050.10% C average 68-70% Cr 2.10-2.20*European low carbon, in warehouse, 0.06% C max — 65%Cr 2.05-2.15*Low phosphorous Cr min 65%, C max 7%, Si max 1%, P max 0.015%, Ti max 0.05% 1.50-1.60*US free market, in warehouse Pittsburgh,6-8% C basis 60-65% Cr, max 2% Si 1.340-1.370*US free market, low carbon, duty paid, fob Pittsburgh,0.05%C — 65% min Cr 2.45-2.50*0.10%C — 62% min Cr 2.15-2.20*0.15%C — 60% min Cr 2.10-2.15*Spot 6-8% C, basis 50% Cr, delivered duty paid China RMB/tonne 9,600-9,700*Contract 6-8% C, basis 50Cr, delivered duty paid China RMB/tonne 9,400-9,600*Chrome Ore $/tonneChrome ore, cif main Chinese portsSA friable lumpy basis 35-40% 260-285*SA LG6 Met grade basis 42% 265-290*SA UG2 Met grade basis 40% 240-270*Turkish lumpy 40-42% cfr main Chinese ports 400-430*

May 7Ferro-manganesebasis 78% Mn (Scale pro rata), standard 7.5% C, €/tonne 1,100-1,160*US free market, 78% Mn, standard 7.5% C, $/long ton in warehouse Pittsburgh 1,500-1,550*US free market, medium carbon, duty paid, fob Pittsburgh,80% min Mn, 1.5% max C, $/lb 1.45-1.50*Hong Kong, min. 75% Mn, 7.5% C, fob main Chinese ports 1,480-1,530*MB Chinese free marketmin 65% Mn, max 7.0% C, in warehouse China RMB/tonne 8,300-8,500*Manganese Ore48/50% Mn Max 0.1%P, $/mtu metallurgical Mn, fob 7.00-8.00*Ferro-siliconLumpy, basis 75% Si (Scale pro rata), €/tonne 1,350-1,450*US free market, $/lb in warehouse Pittsburgh:lumpy basis 75% Si — imported 0.94-0.96*Hong Kong, min. 75%, fob main Chinese ports 1,380-1,400*MB Chinese free marketmin 75% in warehouse China RMB/tonne 6,500-6,600*Silico-manganeseLumpy, 65-75% Mn basis, 14-25% Si (Scale pro rata) €/tonne 1,050-1,150*US free market, $/lb in warehouse Pittsburgh: 0.69-0.71*Hong Kong, min. 65% Mn, max 17% Si,fob main Chinese ports 1,540-1,580*MB Chinese free marketmin 65% Mn max 17% Si,in warehouse China RMB/tonne 8,300-8,500*

All prices $/tonne, duty paid, delivered consumers’ works, unless otherwise shown. Other currency prices are given where the local markets are dominant or active. Date indicates last price change. These markets last assessed on May 07 (UK), May 06 (US).

Reminder: prices marked * are MB copyright. These markets were last assessed on May 07 (Europe and Asia) and May 06 (USA). All Chinese domestic prices include VAT of 17%


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esWorld SteelEU ImportsMetal Bulletin’s appraisal of cfr prices for imported, non-EU origin, commercial-quality carbon steel, € per tonne cfr main EU port (€/$=0.78).Rebar 530-540 21/04 MayWire rod (mesh quality) 540-550 21/04 MayPlate (up to 10mm) 500-550 19/04 MayPlate (10-50mm) 590-600 27/04 MayHot rolled coil 550-570 05/05 JunCold rolled coil 660-680 05/05 JunHot-dip galvanized coil 680-700 05/05 JunEU exportsMetal Bulletin’s appraisal of EU mills’ prices for export outside the EU of commercial-quality carbon steel, $ per tonne fob main EU port.Rebar 660-670 05/05 MayWire rod (mesh quality) 670-680 05/05 MayEU domesticMetal Bulletin’s appraisal of prices within the EU (excluding the UK) for commercial-quality carbon steel of EU origin, € per tonne delivered basis point (€/$=0.78).Rebar 550-560 05/05 MayWire rod (mesh quality) 560-570 05/05 MaySections (medium) 660-700 26/04 MaySections (scrap surcharge) 169-172 01/04 AprPlate (up to 10mm) 550-600 19/04 MayPlate(10-50mm) 605-660 27/04 MayHot rolled coil 550-600 05/05 MayCold rolled coil 620-670 05/05 MayHot-dip galvanized coil 650-680 05/05 May

CISProduct Price Date MonthCIS Exports (Black Sea)Metal Bulletin’s appraisal of CIS mills’ prices for export outside the CIS of commercial-quality carbon steel, $ per tonne fob stowed main Black Sea port.Billet 580-590 05/05 MaySlab 650-655 29/04 MayRebar 650-660 05/05 MayWire rod (mesh) 660-670 05/05 MayHeavy plate (10-50mm) 705-710 26/04 MayHot rolled coil 710-720 04/05 MayCold rolled coil 815-820 04/05 MayCIS DomesticMetal Bulletin’s appraisal of prices within Russia and Ukraine for commercial-quality carbon steel of CIS origin, $ per tonne ex-works.Rebar 635-685 28/04 MayHot rolled coil 655-680 27/04 MayCold rolled coil 765-775 27/04 May

Middle EastProduct Price Date MonthTurkish ExportsMetal Bulletin’s appraisal of Turkish mills’ prices for export of commercial-quality carbon steel, $ per tonne fob main Turkish port.Billet 590-600 06/05 MayRebar 620-630 06/05 MayWire rod (mesh quality) 630-640 06/05 MayMerchant bars 660-670 06/05 MayHot rolled coil 530-590 11/02 MarCold rolled coil 630-680 11/02 MarTurkish DomesticMetal Bulletin’s appraisal of prices within Turkey for commercial-quality carbon steel of Turkish origin, $ per tonne ex-workBillet 590-600 06/05 MayRebar 620-630 06/05 MayWire rod (mesh quality) 620-630 06/05 MayHot rolled coil 730-770 06/05 MayCold rolled coil 860-880 06/05 MayTurkish importsMetal Bulletin’s appraisal of prices for imported commercial-quality carbon steel, $ per tonne cfr main Turkish port.Billet 590-600 06/05 MayHot rolled coil 670-700 06/05 JunCold rolled coil 830-850 29/04 JunGCC country importsMetal Bulletin’s appraisal of prices for imported commercial-quality carbon steel, $ per tonne cfr main Gulf port.Billet 600-610 04/05 JunRebar 620-630 04/05 JunHot rolled coil 680-700 04/05 JunCold rolled coil 720-730 04/05 Jun

Product Price Date MonthIran DomesticMetal Bulletin’s appraisal of prices within Iran for commercial-quality carbon steel of Iranian origin, million rials per tonne delivered warehouse Tehran (m rials/$=10,250).Rebar (12-25)mm) 7.00-7.10 05/05 MayEqual Angles 7.15-7.45 05/05 Mayl-beams 7.15-7.33 05/05 MayPlate 7.00-7.10 05/05 MayHot rolled coil 6.70-7.00 05/05 MayCold rolled coil 8.80-9.00 05/05 MayHot-dip galvanized coil 9.70-10.40 05/05 MayHollow sections 7.30-7.40 05/05 MayIran ImportsMetal Bulletin’s appraisal of prices quoted by overseas suppliers for commercial-quality carbon steel to Iranian buyers, $ per tonne cfr Iranian northern portsBillet 635-645 05/05 AugRebar 690-700 05/05 AugEgyptian DomesticMetal Bulletin’s appraisal of prices within Egypt for commercial-quality carbon steel of Egyptian origin E£ per tonne ex-worksRebar 3,800 04/05 May

South AmericaProduct Price Date MonthSouth American exportsMetal Bulletin’s appraisal of South American mills’ prices for export outside South America of commercial-quality carbon steel, $ per tonne fob stowed main South American port.Billet 600-640 06/05 JunSlab 590-620 06/05 JunRebar 670-710 29/04 JunMerchant bars (equal angles) 510-520 19/03 AprWire rod mesh quality 690-720 22/04 JunWire rod drawing quality 680-710 22/04 JunMedium plate: 3-10mm 540-570 18/06 AugHeavy plate: over 10mm 560-590 11/03 AprHot rolled coil (dry) 550-590 11/03 AprCold rolled coil 680-710 11/03 AprGalvanized coil 530-550 16/04 May

NaftaProduct Price May 6US ImportsMetal Bulletin’s appraisal of prices for imported, non-Nafta origin, commercial-quality carbon steel, $ per short ton cfr Gulf.Slab 540-540Rebar 560-570Merchant bars 720-730Wire rod (low carbon) 620-630Medium sections 640-650Heavy sections (over 24in) 740-750Medium plate 590-600Heavy plate 760-770Hot rolled coil (commodity) 640-650Cold rolled coil 740-750Galvanized coil (base US) 850-860US domesticAMM’s appraisal of prices within the USA for commercial-quality carbon steel of US or Canadian origin, $ per short ton, delivery terms as indicated.Rebar (fob mill) 620-620Wire rod(mesh quality; delivered) 760-760Plate (fob mill) 880-880Hot rolled coil (fob mill) 720-720Cold rolled coil (fob mill) 830-830Hot-dip galv coil (fob mill) 910-910

AsiaProduct Price Date MonthChina ExportsMetal Bulletin’s appraisal of Chinese mills’ prices for export of commercial-quality carbon steel, $ per tonne fob main China port.Billet 730-740 07/05 JulRebar 655-670 07/05 JulWire rod (mesh quality) 650-670 07/05 JulHeavy plate 700-730 07/05 JulHot rolled coil 665-720 07/05 JulCold rolled coil 780-820 07/05 JulGalvanized coil 1mm 810-840 07/05 JulChina ImportsMetal Bulletin’s appraisal of prices for imported, non-EU origin, commercial-quality carbon steel, $ per tonne cfr main China port.Cold rolled coil, 1mm & below 560-580 16/10 DecHot dip galvanized coil 570-600 16/10 Dec

Product Price Date MonthEastern China DomesticMetal Bulletin’s appraisal of prices in eastern China for commercial-quality carbon steel of Chinese origin, yuan per tonne delivered warehouse (yuan/$=6.83).Rebar 4,150-4,280 07/05 MayWire rod (mesh) 4,200-4,300 07/05 MaySections 4,600-4,650 07/05 MayPlate 4,680-4,770 07/05 MayHot rolled coil (min 2mm) 4,440-4,450 07/05 MayCold rolled coil (0.5 - 2mm) 5,580-5,600 07/05 MayHot-dip galvanized coil 5,350-5,430 07/05 MaySouthern China DomesticMetal Bulletin’s appraisal of prices in southern China for commercial-quality carbon steel of Chinese origin, yuan per tonne delivered warehouse (yuan/$=6.83).Rebar 4,320-4,800 07/05 MayWire rod (mesh) 4,580-4,600 07/05 MaySections 4,800-4,820 07/05 MayPlate 4,900-4,920 07/05 MayHot rolled coil (min 2mm) 4,530-4,570 07/05 MayCold rolled coil (0.5 - 2mm) 5,780-5,900 07/05 MayHot-dip galvanized coil 5,750-5,850 07/05 MayIndian exportsMetal Bulletin’s appraisal of Indian mills’ prices for export of commercial-quality carbon steel, $ per tonne fob main India port.Billet 445-450 18/12 DecPlate (12-40mm) 590-600 19/03 MarHot rolled coil (commodity) 670-680 19/03 DecHot-dip galvanized coil 1000-1050 16/04 AprIndian importsMetal Bulletin’s appraisal of prices for imported, non-EU origin, commercial-quality carbon steel, $ per tonne cfr main India port.Billet 675-685 16/04 MayPlate (20-60mm) 710-720 16/04 MayHot rolled coil (commodity) 665-675 07/05 JunHot rolled coil (CR grade) 700-715 01/04 JunCold rolled 850-855 16/04 MayHot dip-galvanized coil 710-720 13/11 DecIndian domesticMetal Bulletin’s appraisal of prices within India for commercial-quality carbon steel, rupees per tonne ex-works.Billet 24000-24500 30/04 AprHeavy plate 38000-39000 23/04 AprHot rolled coil 36000-37000 16/04 AprCold rolled coil 41500-42500 16/04 AprHBI 16000-16100 30/04 AprHot-dip galvanized coil 46500-47500 16/04 Apr

SteelBenchmarker™ PricesProduct Price Apr 26Prices in $/metric tonne, except (short ton) and {€ per tonne}Region: USA, East of the MississippiRebar 724(657)Standard plate 881(799)Hot rolled coil 772(700)Cold rolled coil 887(805)Region: Mainland ChinaRebar 551Standard plate 590Hot rolled coil 574Cold rolled coil 742Region: Western EuropeHot rolled coil 742{558}Cold rolled coil 846{636}Region: World Export MarketStandard plate 751Hot rolled coil 718Cold rolled coil 820

Stainless SteelProduct Price Date MonthStainless Steel - Asia import$/tonne cif East Asian portGrade 304 2mm CR coil, 2B 3,130-3,350 07/05 MayGrade 304 HR sheet 3,000-3,150 07/05 MayStainless Steel - China Domesticyuan/tonne, in warehouseGrade 304 2mm CR coil 22,000-22,100 07/05 MayGrade 430 2mm CR coil 12,000-12,200 07/05 MayStainless Steel - EU export$/tonne fob N. European port.Min 100 tonne lotGrade 304 2mm CR sheet 3,900-4,250 23/04 MayStainless Steel - EU domestic2mm 304 cold rolled stainless strip €/tonnebase price 1,300-1,400 23/04 MayAlloy Surcharge 1,730-1,800 23/04 May304 Stainless steel bright bar €/tonneBase price 1,200-1,300 23/04 MayAlloy Surcharge 2,000-2,500 23/04 May

Key:Date: Date of last reported transactionsMonth: Month of production in the case of export or domestic tables; month of delivery in the case of import tablesPrices in italics are offer prices not transaction

All prices are MB copyright except SteelBenchmarker



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Scrap, Secondary Metals, Scrap Substitutes & Iron Ore Ferrous scrapMB UK ferrous scrap indexThe following indices of UK ferrous scrap prices were compiled by Metal Bulletin from information supplied by UK steelmakers and iron-founders (Sept-Nov 1976 average = 100).Week ended Apr 28 May 5“A” Basic Scrap 653.25 653.25“B” Low Residual Scrap 572.37 572.37“C” Cast Iron Scrap 593.22 593.22“D” Low Grade Scrap 772.10 772.10Master Index 638.52 638.52UK ferrous scrapThe following is Metal Bulletin’’s evaluation of UK prices for processed scrap delivered to consumers. Prices may vary according to region and destination, and should therefore be read in conjunction with editorial comment on the Scrap & Secondary Metals pages.£/tonne Apr 30 Cut GradesOA plate and structural 255-275 1 Old steel 245-265 2 Old steel 240-260 12A/C/D New Production heavy andshovellable steel 255-265 Frag and Frag Feed3B Fragmentised 250-270 5C Loose old light 205-215 Bales and Cuttings4A New steel bales 270-280 4C New steel bales 260-270 8A New loose light cuttings 240-250 8B New loose light cuttings 230-240 Turnings7B Heavy steel turnings 225-235 Cast Iron9A/10 Heavy and light cast iron 250-265 9B/C Cylinder block scrap 290-320 11A Cast iron borings 215-230 Prices relate to new UK scrap specifications.‡‡Please see MB.com for full explanation of price changesUK ferrous scrap exportMB assessment, $/tonne fob main UK port May 6HMS 1&2 (80:20 mix) 215-225 Shredded 220-230Alloy steel scrapUK wholesale merchants’ stainless (£/tonne) May 718/8 turnings 1,298-1,33518/8 solids 1,730-1,78012-13% Cr solids 210-25016-17% Cr solids 260-310Cif Europe stainless ($/tonne)18/8 solids 2,740-2,79018/8 turnings 2,329-2,371UK home high speed (pence/kg)6-5-2 solids 180-2106-5-2 turnings 130-160Rotterdam exportMB assessment, $/tonne fob Rotterdam Apr 29 May 6HMS 1&2 (80:20 mix) 362-367 375-380HMS 1&2 (70:30 mix) 358-362 380-385Shredded 367-373 383-390Turkish importMB assessment, $/tonne cfr main Turkish ports Apr 29 May 6HMS 1&2 (80:20 mix) 392-397 410-420HMS 1&2 (70:30mix) 388-392 405-410Shredded 397-403 413-425US exportMB assessment, $/tonne fob East Coast Apr 29 May 6HMS 1&2 (80:20 mix) 365-375 375-385Shredded 375-385 382-395USAIron Age scrap price bulletin composite - $/long ton delivered Pittsburgh/Chicago.Week ending Apr 29 May 6No 1 heavy melting 375.83 362.50No 2 bundles 311.50 311.50MB assessment of Broker Buying Price, $/tonne delivered DetroitNo 1 busheling 395.00 355.00No 1 bundles 375.00 335.00China domesticyuan/tonne delivered mill May 7Heavy Scrap 3,100-3,200Germany€/tonne, delivered at scrapyard. Source: BDSV Mar AprNo E2/8 (new steel scrap) 236.1 317.3No E1 (old steel scrap) 216.0 290.0No E3 (old thick steel scrap) 235.9 307.4No E40 (shredded steel scrap) 243.0 320.8No E5 (steel turnings) 196.8 267.8

Non-Ferrous scrap EuropeAluminiumEuropean free market (MB assessment. €/tonne eff May 7 )Floated Frag 1,420-1,460Cast 1,300-1,370Mixed turnings 6% 1,270-1,370LME Cash primary (lowest midday bid) $2,050.00LME Cash alloy (lowest midday bid) $1,900.00Germany (per 1000kg eff May 5 ) €Pure Cuttings 1,250-1,450Commercial Cast 1,200-1,450H9 Extrusions 1,450-1,650Alloy Turnings 950-1,200Source:VDMFrance (per 1000kg eff May 4 ) €Pure Cuttings 1,420-1,450Old Rolled 930-950Commercial Cast 1,080-1,100Source: Lettre d’’Information MetauxItaly (per 1000kg eff April 30 ) €Pure Cuttings 1,420-1,470Old Mixed Scrap 1,300-1,350Commercial Cast 1,345-1,395Source: AssometCopperGermany (per 1000kg eff May 5 ) €Copper Wire (Berry) 5,200-5,300Heavy Copper 4,660-4,850Heavy Brass 3,100-3,200Brass Turnings (MS 58) 3,200-3,500Brass Sheet (MS 63) 3,450-3,850Source:Verein Deutscher MetallhSndlerFrance (per 1000kg eff May 4 ) €Electro Cuttings 5,050-5,150No 1 Bright Wire 4,900-4,920Mixed (96%) 4,600-4,650Brass Plate Cuttings 70/30 3,650-3,700Brass Turnings 3,050-3,100Mixed Brass 3,000-3,050Source: Lettre d’’Information MetauxItaly (per 1000kg eff April 30 ) €Electrolytic dd EN 12861-S-Cu-2 5,289-5,341Enamelled wire EN 12861-S-Cu-3 5,129-5,181New from tubes, strips etc EN 12861-S-Cu-4 5,249-5,301Old from tubes, strips etc 12861-S-Cu-7 4,979-5,031EN 12861-S-Cu-Zn-1-A-Cu 63.5% 3,855-3,933Mixed from valves/taps EN 12861-S-Cu-Zn-6 3,305-3,383Several 95% m/m 12861-S-Cu-Zn-7 3,105-3,183Source: Assomet

SteelBenchmarker™ scrap pricesPrices in $/metric tonne, except [gross ton]Region: USA, East of the Mississippi Apr 26†Shredded Scrap 366 [372]No 1 Heavy melting scrap 333 [338]No 1 Busheling scrap 450 [457]†For shredded scrap the region is for all but the West CoastRegister as a price provider at www.steelbenchmarker.com

Scrap SubstitutesProduct Price Date MonthEU Imports €/tonne cfr Western EuropePig Iron 399-406 06/05 MaySouth American exports $/tonne, delivery terms as statedHot briquetted iron 320-330 06/05 JunPig Iron basic steelmaking;fob Vitorio/Rio 470-480 06/05 JunPig Iron basic steelmaking;fob Ponta da Madeira 485-490 06/05 JunUS Imports $/tonne cfr Gulf of MexicoPig Iron 505-515 06/05 MayCIS Exports $/tonne fob main Black/Baltic sea portPig Iron 499-530 06/05 MayChina Domestic yuan/tonne, delivered warehousePig Iron 3320-3500 07/05 May

China Iron orecfr main China port $ per dry metric tonne Product Price Date MonthIron ore fines (63.5% fe) 182-185 07/05 MayIron ore pellets (63.5% fe) 192-200 16/04 Apr

MB IndicesIron ore index (62%) $ per tonne 173.81Turkey $ tonne cfr Iskenderun 414.18

UK non-ferrous scrapThe following UK prices were assessed on May 5Aluminium £/tonne Actual Price MB LME DiscountsGroup 1 Pure 99% min (baled) 1310-1340 78-108Group 1 Litho (baled) 1310-1340 78-108Commercial pure cuttings 1075-1080 338-343Clean HE9 extrusions 1210-1240 178-208Mixed alloy/Old Rolled cuttings 945-1000 320-375Baled Old Rolled 1010-1040 280-310Commercial cast 1020-1120 200-300Commercial turnings 740-800 520-580Group 7 turnings 610-650 670-710LME primary avge: 1418.96LME alloy avge 1320.22Novelis Recycling UBC price 875-925Titanium $/lb cifTurnings, unprocessed type 90/6/4 (0.5% Sn max) 2.40-2.60Turnings, unprocessed 90/6/4 (over 0.5%, max 2% Sn) 2.30-2.50

Non-ferrous foundry ingotsAluminium UK effective May 5 £/tonneMB free marketLM24 Pressure diecasting ingot 1,720-1,800LM6/LM25 Gravity diecasting ingot 1,895-1,980NB: prices expressed delivered consumer works, LM series as specified in BS1490Aluminium Europe effective May 7 $/tonneMB free marketDuty unpaid in warehouse alloy premium 70-80Duty paid delivered works pressure €/tonnediecasting ingot price (DIN226/A380) 2,000-2,050Aluminium US effective May 6 $/lb delivered MidwestA380.1 alloy 1.05-1.07AFFIMET prices effective May 1 €/tonneAS 12 2,700AS 12 UN 2,850AS 9 U3 2,520AS 5 U3 2,870Reflects generally larger traded lotsVDM effective May 5 €/1000 kg deliveredDIN 226 2,400-2,500DIN 231 2,490-2,560DIN 311 2,440-2,540Aluminium Bronze UK effective May 4 £/tonneAB1 ex-works 4,720AB2 ex-works 4,870Source: C.F. Booth LtdBrass UK effective May 4 £/tonneSCB3 ex-works 3,700High Tensile HTB1 ex-works 4,050Source: C.F. Booth LtdGunmetal UK effective May 4 £/tonneLG2 85/5/5/5 ex-works 4,370LG4 87/7/3/3 ex-works 4,620G1.11.5 Pb ex-works 5,700Source: C.F. Booth LtdPhosphor Bronze UK effective May 4 £/tonnePB1 ex-works 6,140Source: C.F. Booth LtdPhosphor Copper UK effective May 4 £/tonne10% P ex-works 7,01015% P ex-works 7,110Source: C.F. Booth LtdZinc Alloys UK £/tonneBrock Metal Co April Contract Alloy Price (delivered UK, min 25 tonne lots)Brock Metal ZL3 2,093Brock Metal ZL5 2,129


Prices and other information contained in this publication have been obtained by Metal Bulletin from various sources. This information has not been independently verified by Metal Bulletin. Those prices and price indices which are evaluated or calculated by Metal Bulletin represent an approximate evaluation of current levels based upon dealings (if any) that may have been disclosed prior to publication to Metal Bulletin. Such prices are collated through regular contact with producers, traders and consumers, although not all market segments may be contacted prior to the evaluation, calculation, or publication of any specific price or index. Actual transaction prices will reflect quantities, grades and qualities, credit terms, and many other parameters. Metal Bulletin does not guarantee the accuracy, adequacy or completeness of any published information. Metal Bulletin is not responsible for errors or omissions, or for the results obtained by the use of such information, and disclaims any liability to any person for any loss or damage caused by such use, errors or omissions, including those resulting from the negligence of Metal Bulletin, its employees or representatives.

Key:Month: Month of production in the case of export or domestic tables; month of delivery in the case of import tables

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