Artemis all set thanks to unique approachSPONSOREDartemis resourcesProduction for the quarter amounted to 13,635 tonnes - a record for the company. Atalaya said the increase was driven by higher throughput, with higher recovery compensating a drop off in grade.However, output was 5% below the estimate of Canadian bank BMO.Artemis all set thanks to unique approachSPONSOREDartemis resources"The slig...Read More

Target export billet prices from Iranian mills surged in the week to Wednesday July 15 amid increased domestic tags and thawing demand in China, sources told Fastmarkets."The domestic billet market is booming," a local source told Fastmarkets citing recent sales on the Tehran Metal Exchange [Iran Mercantile Exchange] being done at 82 million rials per tonne or $468 per tonne ex-works, the current...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesPreliminary trade data for June, released on Monday night, showed total goods imports rose by 2.7% year-on-year in June, having been down by 16.7% in May.Read More

The price of steel H-beams in Europe was unchanged week on week on Wednesday July 15, with the market slowing ahead of the traditional summer lull, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?520-550 ($591-625) per tonne on Wednesday, unchanged week on week.Producers have been pushing for price increases of ?,?20 pe...Read More

The price of hollow steel sections in Northern Europe remained unchanged on Wednesday July 15 with the seasonal summer slowdown beginning, sources have told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?540-560 ($614-638) per tonne on Wednesday, unchanged week on week.The market was described as quiet this week, with some market...Read More

Domestic prices for steel mesh-quality wire rod in Europe were steady in the week to July 15, with buying activity starting to slow down due to the traditional summer slowdown, sources told Fastmarkets on Wednesday.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?425-440 ($485-4502) per tonne on July 15, stable week on week.The ass...Read More

Steel rebar prices in Europe have remained fairly stable over the past week with trading activity starting to scale back in some regions for the seasonal summer slowdown, sources told Fastmarkets on Wednesday July 15.In Southern Europe, trading activity was moderate this week, with rebar prices holding firm, sources said.They added that producers this year might take shorter-than-usual summer holi...Read More

Asian-Pacific equities were mixed this morning, Wednesday July 15, with markets in China and Hong Kong lower, while other markets in the region and pre-market major western equity markets were firmer.The base metals traded on the London Metal Exchange and Shanghai Futures Exchange gave a similarly divergent performance; three-month base metals prices on the LME mostly edged higher this morning, wh...Read More

A summary of the financial results for Russia's largest steelmaker, Novolipetsk Steel (NLMK), which also has assets in Europe and the United States, for the second quarter of 2020.In brief In the second quarter, sales to export markets grew by 51% quarter on quarter and by 71% year-on-year, to 2 million tonnes. This was supported by increased sales of hot-rolled coil, slab and pig iron, mainly to...Read More

(Adds MP declines to comment on Shenghe) By Ernest Scheyder July 15 (Reuters) - U.S. rare earths miner MP Materials willgo public in a $1.47 billion deal by merging with aprivate-equity backed blank-check company, underscoring WallStreet's rising interest in efforts to boost production of thestrategic minerals. The listing on the New York Stock Exchange would be thefirst for a U.S. rare earths com...Read More

TSX Composite Index moved above $15,980.07 and the TSX 60 Index moved above 963.58 to a 4 month high extending an intermediate uptrend.Equity indices and related ETFs tracking equity markets outside of North America are breaking to four month highs extending intermediate uptrends. EAFE (EFA) moved above $73.76.European iShares were notable for their breakouts to four month highs:Other breakouts by...Read More

The Turkish scrap import market was quiet on Wednesday July 15 because of the Democracy Day national holiday. A deal was heard late on Tuesday July 14, however, at slightly elevated price levels compared with the other deal reported that day (after normalizing for differences in grade). A steel producer in the Iskenderun region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (90:10)...Read More

Polish coking coal miner Jastrzebska Sp??lka Weglowa (JSW) is looking for financial aid to support operations badly affected by the Covid-19 pandemic, the company said on Wednesday July 15.The company is asking for 1.75 billion zloty ($443.85 million) of government anti-crisis funding "to minimize the... past and future effects of Covid-19 on its liquidity," JSW said.JSW's quarterly...Read More

Seaborne iron ore prices observed rangebound movements on Wednesday July 15 amid uncertainty surrounding the near-term demand on steel because of the flooding caused by heavy rainfalls in southern China.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $112.30 per tonne, down $0.18 per tonne.62% Fe low-alumina fines, cfr Qingdao: $114.11 per tonne, down $0.15 per tonne.58% Fe fines high-grad...Read More

China's worst flooding in 20 years is taking its toll on the domestic ferrous supply chain from steelmaking raw materials all the way through to finished steel products.High water levels in the Yangtze River after weeks of torrential rain have affected the transportation of materials and products, with steel mills along its banks in the cities of Anhui, Jiangxi and Hubei all being affected.The wat...Read More

Premium hard coking coal prices edged down on Wednesday July 15 on negative market sentiment, with participants in wait-and-see mode, Fastmarkets was told.Fastmarkets indicesPremium hard coking coal, fob DBCT: $110.85 per tonne, down $0.26 per tonne Premium hard coking coal, cfr Jingtang: $120.60 per tonne, down $0.97 per tonneHard coking coal, fob DBCT: $91.42 per tonne, down $0.83 per tonneHard...Read More

Prices for bulk cargoes of Japan-origin scrap have increased over the past week on strong demand from buyers in South Korea, Taiwan and Vietnam, market participants told Fastmarkets on Wednesday July 15.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan, was ?23,000-23,500 ($214-219) per tonne on Wednesday, up by ?500 per tonne week on week.One cargo of Japanese H2 scr...Read More

A stress test carried out by the European Securities and Markets Authority (ESMA) on central clearing counterparties (CCPs) has shown European clearing houses are resilient to market shocks, but highlighted some abnormalities for the London Metal Exchange. The test is an assessment of the reliance of CCPs to adverse market developments - covering both credit and liquidity risk. ESMA's report, rele...Read More

China's domestic prices dropped slightly on Wednesday July 15 due to weak demand caused by persistently heavy rain in the country, though market participants are not expecting the market to experience any sharp drops anytime soon.Domestic Eastern China (Shanghai): 3,590-3,610 yuan ($513-516) per tonne, down by 10 yuan per tonneEastern China continued to experience wet weather during the day, which...Read More

Trading activity in China's hot-rolled coil market weakened on Wednesday July 15 amid reluctance among buyers to pay prevailing prices, which are deemed as high, sources told Fastmarkets.DomesticEastern China (Shanghai): 3,890-3,900 yuan ($556-557) per tonne, unchangedHRC prices in eastern China have risen to their highest level since January 10 after sellers raised their offers steadily since las...Read More