Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Stability in the domestic market for steel mesh-quality wire rod in Northern Europe has continued in the week to Wednesday January 27, with prices being supported by tight availability and good order books at mills, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, remained at ?,?670-700 ($814-850) per tonne o...Read More
Domestic steel rebar prices in Northern Europe were broadly stable in the week to Wednesday January 27 despite slower buying activity, while market participants are cautious of the future trend and expect a downward correction on weaker scrap, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was at ?,?650-670...Read More
Export prices for steel billet and slab from Iran continued to decrease in the week ended Wednesday January 27, following the global downtrend.Fresh billet contracts were signed within the range of $532-540 per tonne fob southern ports of Iran, against $549-565 per tonne fob a week earlier.One of the country's major billet exporters sold 30,000 tonnes to the Gulf Cooperation Council (GCC) region a...Read More
Starbucks (SBUX), a Dow Jones Industrial Average stock moved below support at $100.02 after releasing lower than consensus U.S. comps. Sirius (SIRI), a NASDAQ 100 stock moved above $6.70, $6.72, $7.33 and $7.52 to an all-time high extending an intermediate uptrend.Trip.com (TCOM), a NASDAQ 100 stock moved below $31.19 extending an intermediate downtrend. American Express (AXP), a Dow Jones Industr...Read More
The stainless steel scrap market in the United States seems to have finally hit a cooling-off period; prices have slowed their upward movement amid expectations that the ferrous scrap market will fall in February while the London Metal Exchange nickel cash contract has held above the $8-per-lb mark."A lot of scrap has come out of the woodwork in the last three weeks," one processor said."It's star...Read More
Turkish steel scrap prices fell sharply again as expected on Wednesday January 27, after a newbooking from the UK, sources told Fastmarkets.A steel mill in the Izmir region booked a UK cargo, comprising 9,500 tonnes of HMS 1&2 (80:20) at $408 per tonne and 14,000 tonnes of shredded at $419 per tonne cfr late on Tuesday January 26.The most recent previous booking to Turkey was from the Ba...Read More
A summary of the operational results for Russia's Magnitogorsk Iron & Steel Works (MMK), for the fourth quarter of 2020. In brief MMK attributed a 14.9% quarterly increase in steel output to the launch of the company's hot-rolling Mill-2500 project in July. The mill was stopped for scheduled reconstruction in March, which took until the end of the second quarter. The company said there was s...Read More
Sentiment in the seaborne iron ore market improved on Wednesday January 27 because of an uptick in prices for steel products, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $166.59 per tonne, up $1.52 per tonne 62% Fe low-alumina fines, cfr Qingdao: $166.65 per tonne, up $0.46 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $152.22 per tonne, down $0.92 p...Read More
The seaborne premium coking coal fob price jumped on Wednesday January 27 following two transactions done at over $150 per tonne fob Australia due to weather concerns, market sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $155.10 per tonne, up $4.89 per tonnePremium hard coking coal, cfr Jingtang: $217.24 per tonne, up $0.08 per tonneHard coking coal, fob DBCT: $124.74 per ton...Read More
ELKO, Nev., Jan. 27, 2021 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development company, today announced that it has issued a CEO update outlining the Company's recent and expected milestones, as it continues to advance its assets and mining projects. Highlights include:Update on 2020 field activities at the CK Gold Project in Wyoming Announcement of...Read More
US steel scrap sellers have been locked in negotiations for sales to China this week amid a continued drop in global prices, industry sources told Fastmarkets. At least three major scrapyards in the US have been offering bulk shredded and plate & structural (P&S) scrap to China in the spot market this week, sources said. A US trading source told Fastmarkets that Chinese traders have been asking fo...Read More
Chinese demand for ferrous scrap is rising and imports are unlikely to meet the supply shortage in 2021, market participants told Fastmarkets this week. Sources say China could import up to 10 million tonnes of scrap in 2021 if prices are favorable. Overseas scrap prices had increased gradually to overtake China's domestic prices in the last quarter of 2020 due to sharply rising demand and short s...Read More
China's Ministry of Industry & Information Technology (MIIT) last week approved an eighth batch of 101 ferrous scrap processing centers to boost domestic supply of the steelmaking raw material.The addition takes the total number of companies that are permitted to supply...Read More
China's domestic rebar prices rose on Wednesday January 27 on rising futures following news that the Ministry of Industry & Information Technology would require mills to cut their crude steel output in 2021.DomesticEastern China (Shanghai): 4,280-4,310 yuan ($661-666) per tonne, up by 20 yuan per tonne The news coupled with the fact that a few mills already cutting production on their own accord d...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker while the market waits for direction from the US Federal Reserve when the Federal Open Market Committee (FOMC) concludes its meeting this evening. Zinc prices extend lower after Tuesday's rise in LME stocks Base metals Three-month base metals prices on the LME were mostly down this morning;...Read More
An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and...Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday January 27.Key drivers European titanium scrap markets were steady over the past week, consolidating strong gains from the week before, with ferro-titanium producers competing for tight feedstock supplies. Vacuum-grade and sponge are also being sought at elevated prices due to low supplies of scrap turnings and solids. Scrap pr...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 18.50-19.30 on Wednesday January 27, 2021.Read More