Global steel scrap prices have risen or remained firm over the week to Friday October 10, following a strong purchasing trend across all markets.Turkey continues to book large volumes of cargoes.US prices up on both coastsTaiwanese buyers look for domestic supplyVietnam looks toward US-origin cargoesIndia prices firm on tight supply.TurkeyTurkish steel mills have booked as many as 10 bulk cargoes...Read More
Flat steel prices in the Turkish market remained mostly stable during the week to Friday October 30, while demand was moderate because of the Republic Day holiday on October 28-29, sources told Fastmarkets.Demand was moderate this week because there were only three-and-a-half working days due to the Republic Day holiday in the afternoon on October 28 and all day on October 29, while buyers were wa...Read More
The benchmark A380.1 secondary aluminium alloy price climbed again in the week to Thursday October 29 to reach its highest point in nearly 22 months, while aluminium scrap prices in the United States also edged up amid sluggish inbound volumes and sustained demand.Fastmarkets' price assessment for aluminium alloy A380.1, delivered Midwest rose for the twelfth week in a row on October 29, gaining 2...Read More
Strong domestic demand for galvanized steel boosted the third-quarter results of Nexa Resources, the Brazilian base metals producer said.There is enough domestic demand for zinc to keep Nexa's smelters running at full capacity, Nexa Resources chief executive officer Tito Martins said during an earnings call on Friday October 30."If I had more metal today, I would be selling more," Martins told Fas...Read More
The three-month prices of all base metals on the London Metal Exchange had fallen by the close of trading on Friday October 30, with aluminium being the only exception.Leading the pack, the three-month nickel price lost 2.6% to close at $15,150 per tonne after seeing turnover of a little more than 10,475 lots.The LME three-month copper price lost 0.5% to close at $6,707.50...Read More
Aluminium stocks at Shanghai-bonded warehouses surged by over 200% year on year in October on a profitable import arbitrage, while zinc inventories and copper inventories grew on both annually and quarterly comparisons. Open arb window and good demand support aluminium stocks increase Fastmarkets assessed Shanghai-bonded aluminium stocks at 30,000-30,500 tonnes on Friday October 30, up by 203...Read More
Ray Mennin has joined United States-based commodities trading company and agent Toroza as vice president, Fastmarkets learned.Mennin previously worked as an assistant portfolio manager...Read More
Spot copper concentrate treatment and refining charges (TC/RCs) dipped marginally while the market began annual contract negotiations at a price level where the benchmark may settle, Fastmarkets heard.Smelters are still actively buying clean tonnes at and just below $50 per tonne/5 cents per lb, with a premium on certain qualities of material rather than just the percentage copper grade, sources s...Read More
Chile's state-owned copper miner, Codelco, has named Carlos Alvarado permanent vice president of its commercial marketing team, according to a briefing seen by Fastmarkets that was dated Friday October 30 and signed by company president Octavio Araneda.Alvarado had been in the role on an interim basis since January...Read More
An overview of the new energy raw materials markets and their latest price moves.Susan Zou and Sally Zhang in...Read More
Prices for domestic steel beams in the United States were flat on Thursday October 29 despite modestly rising demand, while prices for offshore material also held steady amid continuing weak import volumes, market participants said.Fastmarkets' price assessment for steel beams 8 x 8-inch, fob mill US again held at $35.25 per hundredweight ($705 per short ton) on October 29, where it has remai...Read More
Prices for galvanized steel sheet in the United States have strengthened, with hot-dipped galvanized made from hot-rolled coil base now equal to HDG made from cold-rolled coil.Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US was unchanged at $42 per hundredweight ($840 per short ton) on Thursday October 29, breaking a streak of 10 consecutive weeks of increase...Read More
Hot-rolled coil prices in the United States ended the week to Friday October 30 above $34 per hundredweight ($680 per short ton), holding mostly flat after weeks of steady increases.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $34.13 per cwt ($682.60 per ton) on October 30, down by 3 cents from $34.16 on Thursday October 29 but up by 3 cents from $34.10 per cwt at...Read More
Pantoro bullish on bigger production profileSPONSOREDpantoro limitedGenesis opens new chapter at UlyssesSPONSOREDgenesis mineralsRamelius now among WA gold frontrunnersSPONSOREDramelius resourcesAgile Mining - The Future is Smaller. Bigger is not always betterSPONSOREDproudfoot"We are going to upgrade the Cobriza mine with a view to developing its export by January or February.Read More
Drill results multiply value options in front of YandalSPONSOREDyandal resourcesGlencore's coal production fell 20% year-on-year in Q3 to 83.Read More
The copper miner, listed in London but which looks set to go private if a £3 billion takeover announced Wednesday by its two major shareholders goes ahead, said copper volumes were set to tipRead More
Check Point (CHKP), a NASDAQ 100 stock moved below $114.89 completing a double top pattern. Hong Kong iShares moved below $21.51 setting an intermediate downtrend. Pre-opening Comments for Friday October 30thU.S. equity index futures were lower this morning. S&P 500 futures were down 29 points in pre-opening trade.Index futures were virtually unchanged following release of economic news a...Read More
The market for imported pig iron in the United States improved during the week to Friday October 30 on new deals at higher prices, Fastmarkets has heard.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $377 per tonne on Friday, up from $369-373 per tonne a week earlier.Late last week, a booking of Russia-origin material was heard at $377 per tonne cfr. This sale was...Read More
Turkish steel mills finished the week to Friday October 30 with no further purchases heard following a public holiday in the country on the Thursday, market sources have said.In addition to the public holiday on October 29, attention in the country was drawn to a powerful earthquake which struck the Izmir region, resulting in a number of deaths and injuries as well as causing damage to buildings.A...Read More
Brazilian pig iron suppliers were bullish about the export market because of possible higher charcoal costs and good local demand, but no serious negotiations have been heard at the offer level, sources said on Friday October 30.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil, at $355 per tonne on Friday, unchanged from a week earlier.Offers were announced at pr...Read More