Prices for steel hollow sections in Europe were unchanged week-on-week on Wednesday March 17 despite mills taking on higher feedstock costs, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was unchanged at ?,?860-890 ($1,025-1,061) per tonne on Wednesday.The corresponding assessment for steel sections (medium), domestic, deli...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 13 points in pre-opening trade. Investors are waiting for news on the Fed Fund rate released by the Federal Reserve at 2:00 PM EDT. Consensus is that the Fed Fund rate will remain unchanged at 0.25%.Index futures were virtually unchanged following release of the February Housing Start report at 8:30 AM EDT. Consensus...Read More

Look beyond market approach to project valuations: van ZylLeadershipMicon Awarded Front End Engineering Design and Definitive Feasibility StudySPONSOREDmicon internationalRex ready to rollSPONSOREDrex mineralsDavyhurst back producing gold; can it produce a lot more?SPONSOREDora banda miningThe junior's stock started trading steady at the raising price, 20c, briefly ticking up to 23c after around 2...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe Environmental Evaluation Commission of Antofagasta region gave a favourable judgement on the environmental impact declaration to extend the life of the hydrometallurgical line and the phase one exploitation of sulphides.Exploitation of these new resources will extend the operation's life from 2022 until 2...Read More

Fact #1: Reams of stocks have been trading at 52-week highs.Fact #2: Reams of stocks have been trading at 52-week lows.Not since 1984 - the year not the book - has the stock market manifested such violent schizophrenia.Sentiment Trader:[We recently saw] the biggest split in almost 40 years. There were so many stocks hitting 52-week highs AND 52-week lows on both the NYSE and Nasdaq that it registe...Read More

Turkish deep-sea scrap import prices have been weakening recently because of strong supplies, with steelmakers also staying away from the market due to limited steel sales, sources said on Wednesday March 17.The most recent deep-sea bookings occurred at the end of the last week, when two Baltic Sea cargoes were sold at $435-437 per tonne cfr on HMS 1&2 (80:20) basis.Since then, steel mills in Turk...Read More

Japanese steel scrap exporters are facing acute problems in sourcing vessels in which to make shipments, leading to an oversupply of scrap at exporters' yards which in turn is driving down prices, market sources told Fastmarkets on Wednesday March 17.Rising freight rates have been inflating cfr-basis scrap and steel prices across Asia in recent weeks but the situation in Japan is now so severe tha...Read More

ArcelorMittal has launched three new initiatives that will help it meet its net zero commitment, including a $100 million per year investment fund to develop technology that will support and accelerate the transition to net zero carbon steelmaking, the company said on Wednesday March 17. Innovation fund The company aims to deliver on its net zero commitment by 2050 and the $100 million per year "X...Read More

Iron ore prices were slightly weaker on Wednesday March 17 amid limited trading activity, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $166.19 per tonne, down $0.13 per tonne62% Fe low-alumina fines, cfr Qingdao: $166.27 per tonne, down $0.13 per tonne58% Fe fines high-grade premium, cfr Qingdao: $151.99 per tonne, down $0.73 per tonne65% Fe Brazil-origin fines,...Read More

The seaborne premium hard coking coal price in the fob market inched down on Wednesday March 17 with most market participants adopting a wait-and-see attitude, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $115.43 per tonne, down $0.67 per tonnePremium hard coking coal, cfr Jingtang: $212.86 per tonne, unchangedHard coking coal, fob DBCT: $105.20 per tonne, down $2.95 per ton...Read More

The continuing price downtrend in Asia is still keeping Chinese buyers away from the spot market, many of whom have not been actively seeking imported cargoes this week, sources said on March 17.Bids from buyers remained at $480 per tonne cfr China for HRS101 heavy scrap materials while offers were at $490 per tonne cfr China. Key market participants estimated prices were at $480-485 per tonne cfr...Read More

China's hot-rolled coil prices dipped again on Wednesday March 17, though trading activity picked up on falling inventory levels. Mills channeled more of their products to the export market to ensure they could fulfill orders ahead of a possible export tax rebate cut.DomesticEastern China (Shanghai): 4,940-4,960 yuan ($760-763) per tonne, down 10 yuan per tonneHRC sellers in Shanghai's spot market...Read More

Treatment charges (TCs) for zinc concentrates fell to near two-year lows on Friday March 12, while top quality raw material parcels continued attracting ever-sharpening terms in the spot market, sources said.Fastmarkets assessed the zinc spot concentrate TC, cif China at $65-75 per tonne on Friday, down by 9.68% from $70-85 per tonne on February 26 and at its lowest level since July 2018. The zinc...Read More

Base metals prices on the London Metal Exchange were mainly firmer on Wednesday March 17, while on the Shanghai Futures Exchange they were weaker across the board. Broader markets were treading water ahead of this evening's US Federal Open Market Committee (FOMC) announcements and press conference. United States 10-year treasuries yields have firmed again to 1.63% EU passenger car registrations ar...Read More

An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila...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.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...Read More

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide p...Read More

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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...Read More