Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsBut even though vaccination rollouts are continuing apace, and the global economy is rebounding, miners are st...Read More

Domestic steel reinforcing bar prices in the United States increased slightly to a 13-year high, with many market participants expecting it to go up again before long.Fastmarkets' price assessment for steel reinforcing bar (rebar), fob mill US was $50.50 per hundredweight ($1,010 per short ton) on Wednesday November 18, up by 0.50% from the week before and at its highest point since the assessment...Read More

Hot-rolled coil prices in the United States continued their recent downturn on Thursday November 18, hovering just above $90 per hundredweight ($1,800 per short ton), while market sentiment was mixed.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $90.06 per cwt ($1,801.20 per ton) on November 18, down by 0.67% from $90.67 per cwt on Wednesday November 17 and by 2.64%...Read More

Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsArmed groups have proliferated across the Sahel, a broad region stretching south of the Sahara desert, in rece...Read More

Domestic prices for cold-rolled coil in Southern Europe moved down in the week to Wednesday November 17 due to limited trading activity and competitive import offers, sources told Fastmarkets.In the meantime, domestic prices in the north of Europe have been fairly stable despite a similar lack of demand.Both Southern and Northern European spot buyers have been avoiding booking significant volumes...Read More

European hot-rolled coil prices remained broadly stable on Thursday November 18 on limited trading, but sentiment for the first quarter of 2022 has turned cautiously optimistic, sources told Fastmarkets. Limited tonnages of December-rolling HRC are still available at lower prices, but for January next year mills are targeting higher levels to cover surging c...Read More

Import and export prices for steel billet in Turkey have weakened over the past seven days, in line with limited demand and falling scrap import costs, market participants told Fastmarkets on Thursday November 18.Turkish steel mills showed little interest in deep-sea scrap imports over the past week amid slow export sales.Fastmarkets' calculation of the daily index for steel scrap, HMS 1&2 (80:20...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade.U.S. equity index futures were quiet prior to release of the November Philly Fed Index at 8:30 AM EST. Consensus is a decline to 22.0 from 23.8 in October.Nvidia advanced $14.69 to $307.30 after the company reported higher than consensus quarterly sales and earnings. Cisco dropped $2.81 t...Read More

Italian domestic steel scrap prices increased in the month to Tuesday November 16, supported by a combination of reduced supply and strong demand, sources have told Fastmarkets.Month-on-month comparison prices have recovered by about ?,?10 ($11) per tonne. But market sources said that, taking into account that scrap prices dropped in the second half of October, the recovery since the start of Nove...Read More

Japanese steel scrap export prices fell again in the week to Thursday November 18, after lower-priced deals to South Korea emerged, sources told Fastmarkets.A major South Korean mill purchased about 30,000 tonnes of Japanese steel scrap at bid prices that it had lodged earlier this week, sources told Fastmarkets on Thursday.On Wednesday, the mill bid at ?49,500 ($432) per tonne fob for H2 scrap,...Read More

Turkish steel producers have resumed their deep-sea scrap import bookings with a single cargo deal, sources told Fastmarkets on Thursday November 18.A steel mill in the Marmara region booked a United Kingdom cargo comprising 17,000 tonnes of HMS 1&2 (80:20) at $488 per tonne and 5,000 tonnes of shredded at $507 per tonne cfr.The previous...Read More

The unvaccinated anywhere... evidently threaten the vaccinated everywhere.Thus reader Bruce reads us a sharp lesson in citizenship... and recalls us to our civic duties:Your diatribe against the vaccines is most unfortunate. As a concerned citizen, I participated in a Novavax Phase 3 trial of a vaccine that will probably be approved shortly. When we started, none had been approved, but I seriously...Read More

Swedish steelmaker SSAB has announced a further two partnerships involving its fossil-fuel-free steel, to commence in 2026, the company said in separate announcements this week.It is to collaborate on the research and development of fossil-free steel with automotive safety supplier Autoliv for use in products such as airbags and seatbelts, it said on November 15."We are looking forward to working...Read More

Bangladeshi import steel scrap prices have fallen over the past week despite a continued rise in offer prices for rebar and domestic shipbreaking scrap in the country, sources told Fastmarkets on Thursday November 18.?EUR?Bangladeshi import prices ease downward?EUR?Taiwanese buyers secure containerized scrap at $445-452 per tonne cfr?EUR?Lack of demand for scrap in China due to hot metal being mor...Read More

Seaborne coking coal prices in the cfr China market dropped further on Thursday November 18 after domestic cargoes plunged due to weak demand, while the fob Australia coking coal market continued to be quiet without firm buying interest, market sources said.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $523.84 per tonne, down $26.35 per tonneHard coking coal, cfr Jingtang: $348.75 per...Read More

Iron ore prices fell in China on Thursday November 18 in response to a new round of controls imposed on blast furnace operation and emissions restrictions in the city of Handan in Hebei province, sources said.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $87.27 per tonne, down $3.81 per tonne62% Fe low-alumina fines, cfr Qingdao: $88.26 per tonne, down $3.04 per tonne58% Fe fines high-gr...Read More

Spot prices for hot-rolled coil in China continued to move lower on Thursday November 18, while futures prices resumed their decline amid increasing demand concerns.DomesticEastern China (Shanghai): 4,650-4,700 yuan ($729-736) per tonne, down by 30-40 yuan per tonneThe most-traded HRC contract on the Shanghai Futures Exchange resumed its decline on Thursday, reversing gains from the previous day's...Read More

Restocking demand kept China's domestic rebar prices from falling further on Thursday November 18.Domestic Eastern China (Shanghai): 4,660-4,690 yuan ($731-735) per tonne, unchangedSeveral trading companies raised their procurement rates during the day to build up their inventories, market sources said.After weeks of destocking, traders do not have a lot...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...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 assessed Cobalt alloy grade, in-whs Rotterdam, $/lb...Read More