The MAC royalty generated EBITDA of $48 million in the June half, up 16% due to strong iron ore prices. The new business has been named Deterra Royalties.Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday August 14. ChinaSeaborne manganese ore prices continued to climb up amid improved sentiment resulting from growing portside ore and alloy prices and continued buying of 37% manganese ore material. Prices for 44% manganese ore will follow the trend pending fresh offers, sources said.Portside ore pric...Read More
An overview of the minor metals markets andthe reasons for any price moves.Read More
Management had a few "good" field trips before the lockdown measures put a stop to it early this year, but two of those files remain active. "It's a matter of tempering expectations.Read More
An overview of the battery raw materials markets and the latest price moves.Read More
The inter-merchant spot market for light iron scrap in the United Kingdom was up over the week to Friday August 14 due to firmer demand from major shredders that supply consumers in the steel sector combined with persistently tight availability, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK was assessed at...Read More
Turkish steel mills held back from the deep-sea scrap markets this week amid limited long steel demand in the country's export and domestic markets. And the slowdown in Turkey stopped global scrap prices increasing further.Turkish steel mills focused on finished steel sales instead of scrap purchasesRecent sales to Turkey and Bangladesh kept US export markets firmWeak steel markets in Vietnam cool...Read More
Liberty Steel Group, part of the GFG Alliance, is to buy French steel rail business Hayange and the Ascoval steelworks. Liberty Steel Group has committed to providing an initial ?,?65 million ($76.83 million) in new financing for Hayange and Ascoval to enact its industrial plan. Further details of development plans for the sites will be announced in due course, Liberty Steel said on Friday August...Read More
NORTH BAY - The Ontario government is investing $5 million in Norgalv to help the steel galvanizing company open a new plant in North Bay. The funding is being delivered through the Northern Ontario Heritage Fund Corporation (NOHFC) and will be used to build a new facility, purchase equipment and establish a single production line, creating 45 new full-time jobs."We are proud to support the expans...Read More
PICKERING - The Ontario government is supporting a plan by Ontario Power Generation (OPG) to safely extend the life of the Pickering Nuclear Generating Station. The updated schedule will provide electricity consumers with emission-free, low-cost energy and allow 4,500 high-quality jobs to remain in Durham region longer.Under its proposed plan, Ontario Power Generation (OPG) will keep Pickering's u...Read More
An overview of the battery raw materials markets and the latest price moves.Read More
What's your biggest fear?Snakes? Spiders? Sharks?Heights? Clowns? Airplane crashes?Public speaking? Heart Disease? Wolverines?Think of your biggest fear and hold it in your mind for a moment.(And email me if your greatest fear is in fact wolverines... because I have a lot of questions, beginning with why you are around wolverines in the first place.)Whatever you're thinking of right now can most l...Read More
China's battery-grade lithium prices held in the week ended Thursday August 13 due to a stalemate in negotiations between buyers and sellers. Buyer opposition to sellers' higher offers kept the Chinese battery-grade lithium carbonate price rangebound. China's lithium hydroxide market held for the fifth consecutive week. Continued weak Asian battery-grade lithium demand kept the spot mark...Read More
The South American flat-steel import market continued on an uptrend in the week to Friday August 14, with customers accepting more expensive offers from several different regions.Clients decided to settle deals for October-shipment cargoes at higher prices, because demand was gradually improving and their supply needs had grown. It had become evident that it was now a seller's market, participants...Read More
Today, we hear from one of my favourite regular guests on Real Vision, Michael Gayed, author of the Lead Lag Report and manager of the ATAC Rotation Fund. Michael has a very straight forward process of looking at the market. He watches the relative performance of a few key indicators such as utilities, Treasurys, lumber, emerging markets and inflation expectations. It has served him well, particu...Read More
Indian steel mills achieved a $10-20 per tonne increase in their hot-rolled coil export prices in the week ended Friday August 14, even though inquiries have dried up for future export sales."The export market has cooled off and there are very few bids or inquiries for HRC exports," an official with an Indian steel mill said.According to one market participant, buying interest from mills has reduc...Read More
Prices for both hot-rolled coil and cold-rolled coil in Turkey's domestic market have increased over the week to Friday August 14, but demand was only moderate because of the holiday season, sources told Fastmarkets.Domestic pricesFastmarkets' weekly price assessment for steel hot-rolled coil, domestic, exw Turkey was $510-515 per tonne on August 14, rising from $500-505 per tonne on August 7.HRC...Read More
Liberty Steel Group, part of the GFG Alliance, is to buy French steel rail business Hayange and the Ascoval steelworks. Liberty Steel Group has committed to providing an initial ?,?65 million ($76.83 million) in new financing for Hayange and Ascoval to enact its industrial plan. Further details of development plans for the sites will be announced in due course, Liberty Steel said on Friday August...Read More
Domestic prices for steel rebar in Poland were broadly stable over the past week, supported by costlier scrap, a lack of competitive import offers and limited availability, market sources told Fastmarkets on Friday August 14.At the same time, buying activity in the Polish rebar market receded amid the traditional summer slowdown, sources added."Demand is weaker; cut-and-bend shops lack orders," a...Read More
Belarus Steel Works (BMZ) was operating at full capacity and all stages of production were progressing normally, the company said on Tuesday August 11, after the start of a protest at the mill the day before.BMZ general director Dmitry Korchik said that the company had been exceeding planned production at all process stages since the beginning of this month.The company shipped 57,492 tonnes of pro...Read More