Iranian export billet and slab prices increased in the week to Wednesday September 2, with fresh transactions completed at higher rates after semi-finished values edged up in Asia, sources told Fastmarkets.Mobarakeh Steel sold a cargo of slab at $425 per tonne fob Black Sea this week and its subsidiary Hormozgan Steel sold another cargo at $422 per tonne fob last week, market participants sai...Read More
Turkey exported 511,188 tonnes of flat steel products in July 2020, according to the Turkish Statistical Institute (TUIK), up by 10.36% year-on-year from 463,220 tonnes exported in July 2019.The main reason for the increase was the rise in tonnages of cold-rolled coil and coated coil exports in July.Turkey made several export deals for hot-dipped galvanized coil in May and June, which were deliver...Read More
Producers of steel mesh quality wire rod in the south of Europe push for higher prices on increased feedstock costs and a demand recovery, while in the north prices were flat after an increase last week, source told Fastmarkets on Wednesday September 2. Southern Europe Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe increased to ?,?4...Read More
Bullish rebar suppliers in the south of Europe have pushed their prices upward on the firmness of scrap costs and a post-holiday pick-up in demand, while in the north of the region prices only narrowed upward following an increase last week, sources told Fastmarkets on Wednesday September 2.Southern EuropeFastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered S...Read More
Turkey imported 659,179 tonnes of flat steel in July 2020, up by 8.24% from 608,982 tonnes in July 2019, Turkish Statistical Institute (TUIK) said this week.The reason for the increase in imports was strong buying in May, when orders to be delivered in June were placed, Fastmarkets understands.Demand for flat steel is currently moderate in Turkey but prices have been increasing in line with rising...Read More
Markets were mixed this morning, Wednesday September 2, with base metals prices on the London Metal Exchange little changed, the dollar was firmer and Asian-Pacific equities, as well as pre-market major western equity index futures, were stronger too.The main supporting factor seems to be Tuesday’s manufacturing purchasing managers’ index (PMI) data that for the most part showed robust r...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesCopper production is close to recovering to its typical pre-COVID-19 levels rate with July production coming in at 198,796 tonnes, a 10% increase over the 180,792t produced in June.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesUnder a 2019 deal, RTEC can earn up to 80% of Janice Lake by spending C$30 million on exploration and making staged cash payments to Forum and project generator Transition Metals.Forum said the RAB drilling was a quick and cost-effective method of testing "numerous showings" which had not seen historical drilling, and would aid in...Read More
The Turkish steel producers have resumed their deep-sea scrap purchases for September shipments at higher prices, market sources told Fastmarkets on Wednesday September 2.After booking six deep-sea cargoes totaling around 220,000 tonnes last week, the mills in Turkey stopped their scrap purchases on August 26.But two steel mills came to the market and paid higher prices for fresh deep-sea cargoes...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesSupported by Ashanti Capital, Tribeca Investment Partners, Terra Capital, Regal Funds Management, LIM Advisors and Metal Tiger, the company was created to fill a niche not served by the precious metals royalty companies."My colleagues on the board and management team have a background in private equity, where it is common to tack a...Read More
Prices for cargoes of H2-grade heavy scrap exported from Japan hit a ceiling over the past week amid static levels of demand from South Korea and Taiwan, sources told Fastmarkets on Wednesday September 2.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan, was ?27,500-28,500 ($260-269) per tonne on Wednesday, unchanged week on week. But it followed two weeks of consecuti...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesUnderground development at Kakula, the first mine planned at the Kamoa-Kakula joint venture project in the Democratic Republic of Congo, was 6km ahead of schedule, Ivanhoe said yesterday.Kakula's initial mining rate is currently forecast at 3.8 million tonnes per annum at an average feed grade "well in excess of 6% copper" over the...Read More
Iron ore prices gained ground on Wednesday September 2 in line with China's downstream steel futures price performance due to strong demand expectations for September and October, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $127.31 per tonne, up $2.65 per tonne 62% Fe low-alumina fines, cfr Qingdao: $127.90 per tonne, up $2.80 per tonne 58% Fe fines high-grade premium, cf...Read More
Seaborne prices across the board were stable on Wednesday September 2 due to a lack of transactions in the day, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $106.10 per tonne, up $0.03 per tonne Premium hard coking coal, cfr Jingtang: $114.44 per tonne, down $0.05 per tonneHard coking coal, fob DBCT: $85.76 per tonne, unchangedHard coking coal, cfr Jingtang: $98....Read More
Comcast (CMCSA), an S&P 100 stock moved above $45.20 extending an intermediate uptrend. Caterpillar (CAT), a Dow Jones Industrial Average stock moved above $146.20 extending an intermediate uptrend.Microchip Technologies (MCHP), a NASDAQ 100 stock moved above $112.89 to an all-time high extending an intermediate uptrend. Skyworks Solutions (SWKS), a NASDAQ 100 stock moved above $149.32 to an a...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday September 2.Please click...Read More
China's domestic rebar prices were flat on Wednesday September 2 amid a drop in trading activity, with buyers snubbing sellers' higher offers.DomesticEastern China (Shanghai): 3,670-3,700 yuan ($537-542) per tonne, unchangedSeveral sellers raised their rebar offers by 10-20 yuan per tonne to 3,690-3,710 per tonne in the morning following gains in the futures market in the first half hour of tradin...Read More
China's hot-rolled coil exporters maintained their high offers on Wednesday September 2 despite a drop in trading activity in the domestic market.DomesticEastern China (Shanghai): 4,040-4,050 yuan ($592-593) yuan per tonne, narrowing downward by 20 yuan per tonneAlthough sellers in Shanghai issued offers as high as 4,070 yuan per tonne, buyers were only willing to place orders at 4,040-4,050 yuan...Read More
An overview of the minor metals markets and their latest price moves.Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb 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 Cobalt standard grade, in-whs...Read More