U.S. equity index futures were lower this morning. S&P 500 futures were down 7 points in pre-opening trade. Investors are waiting for news from the Trump impeachment trial starting at 1:00 PM EST today.Carnival slipped $0.22 to $21.39 after JP Morgan lowered its target price from $25 to $23Autodesk was unchanged at $302.81 after Stifel Nicolaus raised its target price from $285 to $342.Ford wa...Read More
Here are five Fastmarkets stories you might have missed on Friday February 5 that are worth another look.South American import prices for flat-rolled steel were mostly down week on week on February 5 on a persistent Chinese downtrend.Customers should be given the choice to...Read More
Here are five Fastmarkets stories you might have missed on Friday February 5 that are worth another look.South American import prices for flat-rolled steel were mostly down week on week on February 5 on a persistent Chinese downtrend.Customers should be given the choice to...Read More
Here are five Fastmarkets stories you might have missed on Friday February 5 that are worth another look.South American import prices for flat-rolled steel were mostly down week on week on February 5 on a persistent Chinese downtrend.Customers should be given the choice to...Read More
Here are five Fastmarkets stories you might have missed on Friday February 5 that are worth another look.South American import prices for flat-rolled steel were mostly down week on week on February 5 on a persistent Chinese downtrend.Customers should be given the choice to...Read More
Here are five Fastmarkets stories you might have missed on Thursday February 4 that are worth another look.Brazil-based miner Vale has reached a settlement with local prosecutors to pay 37.7 billion Reais ($7.03 billion) in reparations for the deadly disaster that hit the city of Brumadinho in January 2019, it said...Read More
Turkish prices for hot-rolled and cold-rolled coil both fell in January 2021, with the market slow to moderate because of decreasing prices globally, Fastmarkets heard on Thursday February 4.The country's HRC producers were fully booked until late April, so most market participants expected prices to show more correction, after the sharp increases in November and December 2020."There was a shortag...Read More
Michael Lillja will join Outokumpu as senior sales director in March, Fastmarkets understands.The chrome market veteran will join the Helsinki-listed stainless steel manufacturer and ferro-chrome producer...Read More
Here are five Fastmarkets stories you might have missed on Friday February 5 that are worth another look.South American import prices for flat-rolled steel were mostly down week on week on February 5 on a persistent Chinese downtrend.Customers should be given the choice to...Read More
Here are five Fastmarkets stories you might have missed on Friday February 5 that are worth another look.South American import prices for flat-rolled steel were mostly down week on week on February 5 on a persistent Chinese downtrend.Customers should be given the choice to...Read More
The Biden administration's focus on US manufacturing and domestic supply chains will benefit established and developing minerals and metals sectors, including steel, rare earths, graphite and lithium.US President Joe Biden's executive order on the strengthening of American manufacturing, which he signed during his first week in office, is expected to have a direct effect on demand for US-produced...Read More
The frenzy of buying activity in silver, attributed to a group of retail investors using the Reddit forum r/WallStreetBets and other social media sites, is waning.The silver surge - which began on January 27 and saw the price of the industrial metal soar to an eight-year high of more than $30 per oz before slipping to just below $27 per oz by Tuesday January 2 - followed a phenomenal upswell in th...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.The conequences of the Covid-19 pandemic on energy demand affected oil and gas prices through much of 2020 and weighed on drilling rates and demand for oil-country tubular goods (OCTG) in most regions.These effects were most likely to continue well into 2021 and perhaps longer, according to Fastmarkets OCTG Intelligence Serv...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view. buoyant flat steel market and rising raw material prices resulted in large price rises for welded pipe products across all regions in January 2021.Increases in the price assessments for helical submerged arc-welded (HSAW) pipes were of the magnitude of $140-190 per tonne, with the exception of Europe, where prices were...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR?In a strong start to the year, January saw ore and alloy pricing gains across all markets priced by Fastmarkets - with the exception of Chinese silicon metal export prices, which retreated slightly last month after posting impressive gains in December 2020.The combination...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.We spoke in our previous tracker of stainless steel prices ending 2020 on a high. That trend has continued during early 2021 and, in fact, the upward rally in prices has increased its momentum.Compared with the monthly price increase of some 5% seen at the end of 2020, prices for grade-304 stainless steel in al...Read More
Base metals prices on the London Metal Exchange were mainly weaker this morning, Monday February 8, while those on the Shanghai Futures Exchange were mostly firmer, but this comes after a strong performance on the LME on Friday, when prices closed up by an average of 1.7%.* Poor US employment report may help rescue package pass through Congress* US Treasury secretary Janet Yellen predicts the Unit...Read More
Dow Jones Industrial Average moved above 31,272.22 to an all-time high extending an intermediate uptrend. Also, its related ETF, DIA moved above $312.71 to an all-time high.Disney (DIS), a Dow Jones Industrial Average stock moved above $183.40 to an all-time high extending an intermediate uptrend.ExxonMobil (XOM), a Dow Jones Industrial Average stock moved above $51.08 extending an intermediate up...Read More
An overview of the new energy materials markets and their price moves from the past week.Read More
Base metals prices on the London Metal Exchange ended the first week of February on markedly positive figures, with nickel showing a day-on-day increase of 2% on Friday February 5 and zinc rising by nearly 4% since the start of the week, on a slowdown of the US Dollar Index.Nickel's three-month price showed the biggest reaction to the Dollar Index during the day on Friday, rising by 2.1% to $18,02...Read More