Hot-rolled coil prices in the United States have remained modestly below $23 per hundredweight ($460 per short ton) while the market waits to see whether a round of mill increases will succeed in lifting prices - or at least in keeping them from falling farther.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $22.90 per cwt ($458 per ton) on Tuesday July 21, littl...Read More

The US Department of Commerce has initiated anti-dumping and countervailing duty investigations into imports of standard steel welded wire mesh from Mexico, according to a release from the US International Trade Administration (ITA) dated Tuesday July 21.The probes follow petitions filed by Insteel Wire Products, Mid-South Wire Co, National Wire, Oklahoma Steel & Wire Co and Wire Mesh Corp, the re...Read More

Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesIron ore production on an attributable basis was 248 million tonnes for the year, or 281Mt on a 100% basis, meeting...Read More

Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesCanada's System for Electronic Disclosure by Insiders recorded the transaction last week, prompting some market obse...Read More

Two separate strikes at ArcelorMittal steelworks in northern Spain have had little or no impact on output, the company said on Tuesday, July 21.Workers at ArcelorMittal Olaberria in the Basque Country region started industrial action on July 15 over a new collective labor agreement, with workers demanding  "decent salary increases and pension fund retention," according to the LAB union.Arcelo...Read More

Sales of flat-rolled steel by Brazilian distributors showed a rapid recovery in June, with volumes up both month on month from May and from June 2019, according to data from national distributors' association Inda.Distributors sold 290,500 tonnes of flat steel in June, up by 17.4% from 247,500 tonnes a year before, Inda said on Tuesday July 21. This volume was also up by 38.5% compared with 209,80...Read More

Liberty Steel has restarted production on the pickling line at its Magona plant in Italy and is preparing to restart operations on the long-idle organic coating line No1, the company said on Tuesday July 21.The producer has also invested ?,?10 million ($11.44 million) in the facility, formerly known as ArcelorMittal Piombino."I'm delighted to celebrate the first steps in our transformation plan fo...Read More

Prices for domestic hot-rolled coil in Northern Europe were fairly stable day on day on Tuesday July 21, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was calculated at ?,?407.67 ($466.36) per tonne on Tuesday July 21, up by just ?,?0.28 per tonne from ?,?407.39 per tonne on Monday July 20. Tuesday's...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia have increased over the past week, although demand was only moderate, sources told Fastmarkets on Tuesday July 21.Demand was subdued because of the upcoming Eid Al-Adha religious holiday at the end of July. But prices went up because of high offers.India stopped offering flat steel to the UAE toward the end of last week and UAE...Read More

Markets were for the most part stronger this morning, Tuesday July 21, encouraged by the €750 billion ($858 billion) recovery fund that European Union leaders agreed on in the early hours of this morning. Markets were also being boosted by hopes that progress is being made on Covid-19 vaccines and ongoing concerns about supply disruptions, while participants seem content to look past the curr...Read More

(Updates with prices) By Zandi Shabalala LONDON, July 21 (Reuters) - Copper prices climbed oninvestor hopes for a recovery in metals demand and the globaleconomy after European Union leaders agreed a massive stimulusplan and positive news emerged about a coronavirus vaccinetrial. Three-month copper on the London Metal Exchange rose0.8% to $6,541 a tonne by 1617 GMT on Tuesday, close to the25-month...Read More

Mondelez (MDLZ), an S&P 100 stock moved above $54.30 resuming an intermediate uptrend.Lululemon (LULU), a NASDAQ 100 stock moved above $324.76 to an all-time high extending an intermediate uptrend.Paccar (PCAR), a NASDAQ 100 stock moved above $79.38 and $80.00 extending an intermediate uptrend.Skyworks Solutions (SWKS), a NASDAQ 100 stock moved above $138.22 to an all-time high extending an in...Read More

Turkish steel mills took a break from deep-sea scrap purchases Tuesday July 21, but still expected to book more cargoes for August and September shipments, sources told Fastmarkets.The most recent booking was from the Baltic Sea region, sold on Monday July 20 at $265 per tonne cfr on HMS 1&2 (80:20) basis. This compared with the previous Baltic Sea cargoes sold at the end of last week...Read More

Seaborne iron ore prices increased on Tuesday July 21 after further concerns emerged over supplies from Brazil, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $111.43 per tonne, up $1.89 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $113 per tonne, up $1.56 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $100.36 per tonne, up $2.50 per...Read More

Fastmarkets' seaborne premium hard coking coal cfr China index continued to edge up slightly on Tuesday July 21 after the latest transaction saw it rebound further from last week's perceived 'bottom'.Fastmarkets indicesPremium hard coking coal, fob DBCT: $108.26 per tonne, down $0.09 per tonne Premium hard coking coal, cfr Jingtang: $119.47 per tonne, up $0.91 per tonneHard coking coal,...Read More

Vale's iron ore fines output fell by 7.1% year on year in the first half of 2020, but the company has maintained its 2020 production guidance at 310-330 million tonnes and will assume the lower end, it said on Monday July 20.The company's iron ore fines production came to 127.2 million tonnes in the January-June period, down from 136.9 million tonnes the year before, which it attributed to the eff...Read More

Fresh regulatory changes and government mandates are required to raise the consumption of scrap metal in India, according to members of the Material Recycling Association of India (MRAI).Demand for recycled materials must first increase to stimulate higher collection rates of scrap in India, Ekta Narain, director of business development at technology company Recykal, said in an MRAI webinar last w...Read More

A summary of BHP's production results for metallurgical coal and iron ore for its financial fourth-quarter ended June 30, 2020, as stated in its latest production report released on Tuesday July 21.In brief       Metallurgical coal production for the company's 2020 financial year was down 3% year on year to 41.1 million tonnes due to significant wet weather events during the Ma...Read More

QUESTION: Mr. Armstrong; I listened to one of your recent interviews and you said that silver may be better than gold going forward and that a gold standard was pointless because you cannot fix the price of gold while everything else floats. That was the best explanation I have ever heard. So my question is are you referring to common silver coins dated before 1965?HJ ANSWER: The silver to go...Read More

Trading activity in China's domestic hot-rolled coil market picked up on Tuesday July 21, with sentiment improving amid the country's economic recovery.DomesticEastern China (Shanghai): 3,900-3,910 yuan ($558-560) per tonne, up 20 yuan per tonneSeveral Shanghai-based traders told Fastmarkets that trading activity in eastern China had risen during the day in comparison with Monday, with rising futu...Read More