A summary of the financial results for Chilean state-owned copper producer Codelco in the first quarter of 2021, as stated in its earnings report released on Friday April 30.In brief Copper output increased year-on-year during the quarter due to higher grades of mined ore and operational productivity, Codelco said. C1 cash costs (direct production costs) were cut by $0.003 per lb over January-Marc...Read More

While the whole London Metal Exchange base metals complex ended the month on solidly higher prices than at the start of April on a recent bullish streak, a dollar index at its highest in a week pushed down copper and aluminium prices at the close on Friday April 30. The dollar index reached 91.29 on Friday during afternoon trading, its highest since April 23 after bottoming at 90.42 on Thursday, r...Read More

Fastmarkets' benchmark copper concentrate treatment and refining charge (TC/RC) index rose for the third consecutive week on Friday April 30. At $26.90 per tonne / 2.69 cents per lb, the index has reached its highest level in a month and has rebounded from its record lows of $21.90 per tonne / 2.19 cents per lb on April 9. Smelter...Read More

Global supply of refined zinc will exceed demand in 2021, widening the market surplus to 353,000 tonnes this year despite a global recovery in demand after the Covid-19 pandemic, the International Lead and Zinc Study Group (ILZSG) said.The ILZSG expects global demand for refined zinc metal to rise by 4.3% to 13.78 million tonnes in 2021 after it fell by 3.9% last year, it said on Friday April 30 i...Read More

Hot-rolled coil prices in the United States surged above $75 per hundredweight ($1,500 per short ton) for the first time ever exactly one year after tumbling below $22 per cwt in the wake of the Covid-19 pandemic-related demand crash.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $75.43 per cwt ($1,508.60 per ton) on Friday April 30, up by 2.91% from $73.30 per cwt o...Read More

Prices for cold-rolled and galvanized steel coil climbed to new records after market participants said there is hardly any spot material and the duration of the shortage likely will persist longer than buyers had feared.Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US rose to $82 per hundredweight ($1,640 per short ton) on Thursday April 29 from $80 per cwt on April 22....Read More

Domestic and imported steel beam prices in the United States rose on Thursday April 29, in line with recent mill price increase announcements due to rising demand and tightening supply.Fastmarkets' monthly assessment for steel beams 8- x 8-in, fob mill US was $52.50 per hundredweight ($1,050 per short ton) on April 29, up 5% from $50 per cwt on March 25, and up 10.53% from $47.50 per cwt in Februa...Read More

Wither seeking maximum advantage from Kambalda addressSPONSOREDmaximus resourcesTowards Sustainable Mining Tailings Guidance Aligns with Global StandardSPONSOREDthe mining association of canadaColluli poised to disrupt potash marketSPONSOREDdanakaliFort Cady well positioned for the coming boomSPONSOREDamerican pacific borates limitedThe company produced 271,312 tonnes of copper in the quarter, 7,2...Read More

Export prices for Brazil-origin slab were up for the fourth consecutive week on Friday April 30, with strong demand and costlier raw materials resulting in higher offers to the United States.Fastmarkets assessed the price for steel slab export, fob main port Brazil at $900-920 per tonne on Friday, a $20-per-tonne increase from $880-900 per tonne a week earlier and a record high since Fastmarkets b...Read More

Trade unions at Liberty's Ostrava plant in the Czech Republic were considering further industrial action and even legal proceedings after news emerged that the plant's EU emissions allowances had been sold to another Liberty-owned steel mill in Romania, Fastmarkets heard on Friday April 30.On Friday, the OS KOVO trade union said that a substantial part of the emissions allowances for the Ostrava s...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe company produced 57,354 tonnes of copper, 33,365t of zinc, 34,000 ounces of gold and 5,354t of nickel in the quarter."Our operations performed well in the first quarter. Candelaria and Chapada significantly increased mill throughput quarter-over-quarter and a new record for zinc ore was set at Zinkgruvan....Read More

A summary of the financial results for Turkey's largest steelmaking group, Erdemir, for January-March 2021.In brief Turkey's biggest steel producer Erdemir Group produced 24% of Turkish crude steel in January-February 2021. The group's earnings before interest, taxes, depreciation and amortization (Ebitda) increased by 262.53% in January-March 2021, because of strong demand for steel in Turkey and...Read More

The new five-stand tandem cold-rolling mill at Tatmetal ??elik in Turkey is now running at full capacity, Italian supplier Danieli said on Friday April 30.The new mill was installed in Eregli, northern Turkey, and linked to an existing continuous pickling line, Danieli said. The mill can produce high-strength strip...Read More

Wither seeking maximum advantage from Kambalda addressSPONSOREDmaximus resourcesTowards Sustainable Mining Tailings Guidance Aligns with Global StandardSPONSOREDthe mining association of canadaColluli poised to disrupt potash marketSPONSOREDdanakaliFort Cady well positioned for the coming boomSPONSOREDamerican pacific borates limitedSome 200m below the Vermelhos mine the company intersected 13.8m...Read More

An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More

Indian domestic secondary billet prices fell by 500-600 rupees ($7-8) per tonnne in the week to Friday April 30, on subdued demand from finished steel producers, sources told Fastmarkets.Fastmarkets' price assessment for steel billet domestic, ex-works India, was 41,200-41,300rupees per tonne on April 30, down by 500-600 rupees compared with last week's 41,700-41,900 rupees per tonne ex-...Read More

Seagen (SGEN), a NASDAQ 100 stock moved below $134.51 extending an intermediate downtrend.Fiserv (FISV), a NASDAQ 100 stock moved below $118.54 completing a double top pattern.Pre-opening Comments for Friday April 30thU.S. equity index futures were lower this morning. S&P 500 futures were down 23 points in pre-opening trade.Equity index futures moved slightly lower following release of U.S. Ma...Read More

Prices for shredded steel scrap imported into South Asia moved upward on Friday April 30, with both India and Pakistan booking material, sources have told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $468.83 per tonne per tonne on Friday, up from $456.50 per tonne one week earlier.Two deals were heard at $465 and $470 per tonne this w...Read More

Turkish steelmakers speeded up their deep-sea scrap purchases at the end of the week, with Asian demand for steel products increasing sharply since China confirmed the cancellation of its export tax rebate on some steel products, sources told Fastmarkets on Friday April 30.China will remove the export tax rebate for some steel products from May 1, the Ministry of Finance said on Wednesday April 28...Read More

German steelmakers Saarstahl and Dillinger, part of Stahl Holding Saar (SHS), are to work with Paul Wurth, part of the SMS Group, to use their own process gases and significant quantities of hydrogen in the blast furnace process, the companies announced on Thursday April 29.The H2Syngas project will involve an associated pilot plant to develop the technology to use process gases in a blast furnace...Read More