Here are five Fastmarkets stories you might have missed on Tuesday August 4 that are worth another look.The United States Midwest aluminium premium hit a nearly four-month high on August 4, with the market widely assuming further increases due to expectations that Canada will again face US tariffs - a factor that has continued to boost offers and tighten discounting. Price fluctuations i...Read More

Mexican ferrous scrap prices showed little movement in the week ended Friday July 31, with downward pressure in the steel value chain starting to ease in the country.With the exception of one mill in the country's central Baj?-o region, no major scrap price changes were announced in the Mexican market during the week. This mill lowered prices for most grades by 100 pesos per tonne.Fastmarkets...Read More

The Turkish steel mills have broken their silence in the market and have resumed their deep-sea purchases after the Eid al-Adha religious holiday in the country, sources said on Tuesday August 4.A steel mill in the Marmara region booked a European cargo, comprising 10,000 tonnes of HMS 1&2 (75:25), 20,000 tonnes of shredded and 10,000 tonnes of a mixture of HMS 1 and new cuttings at an average...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.The price for steel scrap in China has risen recently, amid high mill operating rates and at a time of heavy rain, but it remains at a premium to hot metal, we estimate. Heavy rains in China tend to increase the moisture content of iron ore stockpiles, which can cause issues during the sintering process, and this may have en...Read More

The metals and equity indices were headed in different directions this morning, Tuesday August 4, with equities up and metals down, but good data may well push metals prices higher as the day progresses - especially given better-than-expected US vehicle sales in July. Nasdaq set another record high on Monday.US total vehicle sales rose to 14.5 million units annualized in July, sales were expected...Read More

Benchmark prices for cobalt metal lurched higher in the first few trading days of August as a recovery in the Chinese market trickled through to encourage increased buying - and higher prices - in the rest of the world. Fastmarkets assessed the prices for cobalt standard grade, in-whs Rotterdam and cobalt alloy-grade, in-whs Rotterdam at parity at $14.25-14.70 per lb on Tuesday August 4, up f...Read More

South Korean battery maker LG Chem, one of the leading suppliers of electric vehicle (EV) batteries, expects strong sales and improved profitability in the third quarter of this year because shipments of EV batteries to Europe are likely to increase, it said."Stable profitability will be maintained in the petrochemical sector, and large growth in the energy solutions sector is also expected," Cha...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.?EUR? US domestic prices for hot-rolled coil have moved down in line with our expectations, averaging $508 per tonne in July compared with our forecast price of $519 per tonne. While we are forecasting coil price increases in August, we have revised our expectations downward. Although steelmakers are reporting improving dema...Read More

My cousin started out on a hard road. He was in the middle of a pack of nine siblings with an absent father and a single mom who worked as a secretary at the local Macy's. They never had enough money, and I remember my grandfather converted the single garage of their duplex into a bedroom for the three boys.After dropping out of college and washing out of Ranger training, my cousin started working...Read More

The prices for steel rebar and billet in the United Arab Emirates increased this week, while market participants were just returning from the Eid Al-Adha holiday, which was celebrated at the end of last week, market sources said on Tuesday August 4.Domestic rebarThe country's rebar producers were still offering the product at 1,770-1,773 dirhams ($482-483) per tonne ex-works for orders to be produ...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK CIN made a strong charge before finally pushing up and through the milestone 1,000 level. It rose 32.75 points, or 3.3%, and closed at 1018.85, flourishing 6.6% in the last month alone.MACD jumped 1.51 points to 1.82 points. RSI accelerated 7.72 points, or 12%, to 70.38...Read More

When Mike Green of Logica Capital Advisors posted his thoughts on the direction of stocks March 26th, he suggested there was almost an inevitability of higher equity prices. In making his dispassionate and prescient bullish call he said: Then the unavoidable conclusion is that markets could aggressively reprice higher as money flows into passive strategies; this becomes particularly true if the...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.?EUR? US domestic prices for hot-rolled coil have moved down in line with our expectations, averaging $508 per tonne in July compared with our forecast price of $519 per tonne. While we are forecasting coil price increases in August, we have revised our expectations downward. Although steelmakers are reporting improving dema...Read More

Chinese demand for imported billet increased sharply in the first six months of 2020 due to higher domestic prices in China in comparison with those beyond its shores, and market participants expect this situation to persist in the second half.Buyers in China started importing billet in large quantities since the second half of 2019, and the volume of imports grew gradually month on month.In Janua...Read More

Here are five Fastmarkets stories you might have missed on Tuesday August 4 that are worth another look.The United States Midwest aluminium premium hit a nearly four-month high on August 4, with the market widely assuming further increases due to expectations that Canada will again face US tariffs - a factor that has continued to boost offers and tighten discounting. Price fluctuations i...Read More

Mexican ferrous scrap prices showed little movement in the week ended Friday July 31, with downward pressure in the steel value chain starting to ease in the country.With the exception of one mill in the country's central Baj?-o region, no major scrap price changes were announced in the Mexican market during the week. This mill lowered prices for most grades by 100 pesos per tonne.Fastmarkets...Read More

The Turkish steel mills have broken their silence in the market and have resumed their deep-sea purchases after the Eid al-Adha religious holiday in the country, sources said on Tuesday August 4.A steel mill in the Marmara region booked a European cargo, comprising 10,000 tonnes of HMS 1&2 (75:25), 20,000 tonnes of shredded and 10,000 tonnes of a mixture of HMS 1 and new cuttings at an average...Read More

Chinese demand for imported billet increased sharply in the first six months of 2020 due to higher domestic prices in China in comparison with those beyond its shores, and market participants expect this situation to persist in the second half.Buyers in China started importing billet in large quantities since the second half of 2019, and the volume of imports grew gradually month on month.In Janua...Read More

Back from a much-deserved vacation, Chris dives into the latest coronavirus data and several insights are becoming clear:1) Covid-19 is so infectious (R0 of 5+) that it will pretty much make its way through a population regardless of the efforts to avoid it2) But, it only severely affects a small percentage of those who get it3) And, more interesting, it's appearing that herd immunity happens quic...Read More

Don't let a random technical indicator or bounce in the dollar index throw you off. Here's what to know about gold right now, silver, the dollar, and more...Craig Hemke sat down with Paul 'Half Dollar' Eberhart on Tuesday, August 4th, 2020, for a robust discussion on gold, silver, the US dollar, and more.Some of the topics discussed in today's interview include:People have been looking for a corre...Read More