ArcelorMittal is to increase its official spot offer price for second-quarter rolling hot-rolled coil across Europe to ?,?650 ($788.56) per tonne ex-works effective immediately, sources told Fastmarkets on Friday December 4.They added that the traditional gap between offers in Northern and Southern Europe has now disappeared altogether.Offers of hot-dipped galvanized coil also moved up to ?,?...Read More
Gold and silver exchange-traded funds (ETFs), a measure of large investor interest, areexperiencing outflows as opposed to an almost interrupted inflow over the lastfew months.Mining stocks which either look for orproduce these metals have been moving sideways, testing the "mettle"of even perma-bulls.Many investors see these as negative signs. But I view it as a Mr. Market's last big eff...Read More
An acute shortage of containers and new rule changes by container lines have combined over the past week to again raise containerized shipping costs for commodity market participants.Trading sources told Fastmarkets that container lines have not only continued to raise freight rates but have also introduced additional measures that will serve to make life increasingly difficult for companies invol...Read More
Gold plunged below $1,800. Will these declines finally end?November doesn’t look like a good month for gold. The declines in the precious metals market continued last week. As the chart below shows, the price of the yellow metal dropped to $1,779 on Friday (November 27). What is going on? Well, it seems that investors have switched into a risk-on state of mind, which sent the safe-haven asse...Read More
German steelmaker Thyssenkrupp is conducting a joint feasibility study with energy company STEAG to develop a hydrogen hub to be used in green steel production at its Duisburg site, the company said on Thursday December 3.The study will focus on construction of a water electrolysis plant at the STEAG site in Duisburg-Walsum by Thyssenkrupp Uhde Chlorine Engineers, the structuring of energy supply...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:?EUR? Flat steel product prices in the United States moved largely in line with our expectations in October, although the increases slightly outpaced our projections. US hot-rolled coil prices averaged $655 per ton in October, exceeding our forecast price of $640 per...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Key ferro-alloy forecast highlights for the coming months:?EUR? A strong recovery in both bulk and noble alloys is expected in 2021 but the markets are unlikely to return to the levels seen before the outbreak of the Covid-19 pandemic. We have seen a quicker-than-expected recovery across various regions amid the economic fal...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Fastmarkets analysts were invited to present our outlook for the coking coal market at Coaltrans Asia, held online on November 23-25. One of the key topics at the event was the trade tensions between China and Australia, which overtook Mongolia to become the largest coking coal exporter to China this year...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.While much commentary has been written about Asian economies performing far better than those elsewhere this year during the global Covid-19 pandemic, it is stainless steel markets in Europe and the United States that are ending the year in better shape than their Asian counterparts.We do not talk of demand levels or demand g...Read More
The sell-off in paper gold was a repetition of events every November and December bar one since 2015, and the cause appeared to be the same...Read full newsRead More
There's an interesting truth about the price of gold.Read full newsRead More
/PRNewswire/ -- During periods of crisis, gold has proven to be a time-honored safe-haven asset. Scarcity and built-in utility have made the yellow metal a...Read full newsRead More
There's an interesting truth about the price of gold.Read full newsRead More
C3.ai is a leading enterprise AI software provider for building enterprise-scale AI applications and accelerating digital transformation.Read full newsRead More
The sell-off in paper gold was a repetition of events every November and December bar one since 2015, and the cause appeared to be the same...Read full newsRead More
Here are five Fastmarkets stories you might have missed on Friday December 4 that are worth another look.An acute shortage of containers and new rule changes by container lines have combined over the past week to again raise containerized shipping costs for commodity market participants.Vale's head of...Read More
Here are five Fastmarkets stories you might have missed on Friday December 4 that are worth another look.An acute shortage of containers and new rule changes by container lines have combined over the past week to again raise containerized shipping costs for commodity market participants.Vale's head of...Read More
The red metal rose to US$7,747/t on the London Metal Exchange, the highest intraday price since March 21, 2013, Marex Spectron's Anna Stablum said.Iron ore rallied as Chinese port inventory declined, she said.The price was also boosted by last week's news of Vale cutting its 2020 production outlook again, from a revised 310-330 million tonnes to 300-305Mt.MySteel 62% Australian iron ore fines were...Read More
Here are five Fastmarkets stories you might have missed on Friday December 4 that are worth another look.An acute shortage of containers and new rule changes by container lines have combined over the past week to again raise containerized shipping costs for commodity market participants.Vale's head of...Read More
Here are five Fastmarkets stories you might have missed on Friday December 4 that are worth another look.An acute shortage of containers and new rule changes by container lines have combined over the past week to again raise containerized shipping costs for commodity market participants.Vale's head of...Read More