Prices for carbon steel plate in the United States held steady, with market participants pointing to the lack of a demand catalyst and a likelihood that mills will need to become more flexible on pricing through the end of the year.Order flow at mills improved a bit in July after market participants said they perceived a probable bottom in pricing, convincing buyers that new inventory stock would...Read More

Production activity has come under threat at Belarus Steel Works (BMZ) with workers protesting against the result of the country's presidential election on Sunday August 9.Workers warned the administration that they would strike on August 10-12 "in the case of an unfair presidential election."According to official preliminary results, incumbent Alexander Lukashenko has won a sixth consecutive term...Read More

The price for steel rebar in Russia's Central Federal District around Moscow was unchanged on Monday August 10, while local producers mull an increase in prices for September amid strong buying activity, sources told Fastmarkets. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was 35,000 roubles ($475) per tonne on Monday, including 20% VAT...Read More

Sentiment in the Northern European hot-rolled coil market has remained positive despite slow trading activity, sources told Fastmarkets on Monday August 10.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?414.17 ($488.03) per tonne on Monday, up by ?,?0.71 per tonne from ?,?413.46 per tonne on August 7.Monday's...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesAES Gener said its agreement with the mines had been modified for power supply from its Angamos plant to end in August 2021. Escondida will have to pay $730.Read More

Markets are looking mixed this morning on Monday August 10, while traders weigh up the cross winds blowing through the markets, Fastmarkets learned.United States President Donald Trump’s intervention to step in to extend unemployment benefit after Congress failed to come up with a rescue package has provided some support, but his executive orders focused on Chinese tech companies only go furt...Read More

Brazilian ferrous scrap exports totaled 76,460 tonnes in July 2020, increasing by 1.8% from 75,080 tonnes in the corresponding month of 2019, with suppliers still resorting to the external market amid domestic demand weakness, data from the country's economy ministry showed last week.Exports grew on an annual basis of comparison in July, but fell month on month by 0.4% from 76,741 tonnes in June....Read More

Fastmarkets is proud to launch its first monthly Ferrous Analytics report, which will help subscribers keep track of hot metal costs and steel production spreads in China, as well as key pricing components of the steelmaking raw materials supply chain in Asia.Readers will find raw material-finished steel spreads, iron ore differentials and scrap differentials all calculated and condensed...Read More

Morning Technical Notes for August 10thDow Jones Industrial Average (DJIA) moved above 27,580.21 extending an intermediate uptrend.Dow Jones Industrial Average ETF (DIA) moved above $275.37 extending an intermediate uptrend. Nike (NKE), a Dow Jones Industrial Average stock moved above $104.69 and 105.07 to an all-time high extending an intermediate uptrend. Midcap 400 SPDRs (MDY) moved above $354....Read More

Domestic prices for steel hot-rolled coil in China decreased slightly on Monday August 10 on weaker futures, but market sentiment remained optimistic on supportive economic data.DomesticFastmarkets assessed the price for steel HRC, domestic, ex-whs Eastern China (Shanghai), at 4,050-4,060 yuan ($581-583) per tonne on August 10, narrowing downward by 10 yuan per tonne from last Friday.The lower HRC...Read More

The cobalt standard grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into...Read More

The cobalt alloy grade, in-whs Rotterdam trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed the price...Read More

The price of tantalum concentrate softened again last week with Chinese buying appetite continuing to slow down.Fastmarkets assessed the price for tantalite, basis 25% min Ta2O5, cif China, at $61-63 per lb on Friday August 7, down by 3.9% from the previous week's assessment at $64-65 per lb."Consumers are not placing any new orders and have stopped buying material for now, but the supply is there...Read More

The cobalt standard grade, in-whs Rotterdam, trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparency into the markets it covers and the pricing process it applies.Fastmarkets assessed the price of cobalt standard grade, in-whs Rotterdam, at $14.65-15.20 per lb on Friday August 7, 20...Read More

Key data from the pricing session in Shanghai on Friday August 7. Key drivers  Deals continue to be concluded at higher levels week on week but trading volume per deal reduced because sellers were holding back from selling large quantities amid...Read More

Steel market participants anticipate China's "dual circulation" policy will to boost steel demand for the remainder of 2020, with the more self-reliant economic model aiming to offset slowdowns caused by the Covid-19 pandemic and US-China political tensions. Chinese President Xi Jinping announced in late July that China will focus on a "dual circulation" development model, which ensures a more sel...Read More

The longest and highest-grade intercept drilled so far at Ungiold's (TSXV: UGD) Nieta concession in the Dominican Republic "suggests that sulphide mineralization may have a steeper plunge to the northeast than originally interpreted, but, most importantly, it suggests that the system is strengthening to depth," CEO Joe Hamilton says.Drill hole 20-147 returned 30 metres averaging 9.02 grams gold pe...Read More

Osisko Mining (TSX: OSK) has released high-grade drill results from the Lynx and Triple Lynx zones at its Windfall gold project, 700 km northwest of Montreal.Drill highlights from the 20 drill holes and 12 wedge holes include 28 metres of 202 grams gold per tonne (9 metres estimated true width); 3 metres of 171 grams gold per tonne; 2 metres of 173 grams gold per tonne; and 2 metres of 52.7 grams...Read More

Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has entered into a definitive purchase agreement with Waterton Global Resource Management to acquire a 100% interest in the Getchell gold project, which lies within the Getchell gold belt near Winnemucca, Nevada.To acquire the past-producing asset, Premier will need to make a US$23-million cash payment to the vendor on closing and issue 13.8 million comm...Read More

The U.S. government will reimpose a 10% tariff on some aluminium imports from Canada as of Aug. 16, U.S. President Donald Trump announced during a campaign event at a Whirlpool plant in Clyde, Ohio, on August 6.In response to the U.S. president's announcement, the Canadian government has said that it will impose a $3.6 billion (US$2.7 billion) tariff on U.S. aluminium products starting from Sept...Read More