Prices for steel plate in the United States weakened for the first time since early May after mills grew slightly more flexible on post-hike pricing in an effort to book enough orders to find destinations for the current pace of rollings.But participants emphasized that pricing stability remains the prevailing theme in the plate market. They credit the plate mills' two rounds of price-increase ann...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe agreement paves the way for the government to fund and construct a power plant at Tavan Tolgoi.In February, Rio and Turquoise Hill submitted a feasibility study to the government for a US$924 million power plant.Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe parties have agreed to work towards finalising...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe smelter produced 321,000 tonnes of copper in 2018. In addition to reducing copper production, the decision will also reduce the production of sulphuric acid which is used to leach copper at other operations.The suspension follows less than a week after Codelco suspended work on projects at its Chuquicamata division to prevent t...Read More

Hot-rolled coil prices in the United States have slipped below $24 per hundredweight ($480 per short ton) on stagnant demand and high inventory levels.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $23.70 per cwt ($474 per ton) on Monday June 29, a 1.3% decline from $24 per cwt on Friday June 26 and off by 4.9% from $24.92 per cwt a week earlier on June 22. Inputs we...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe final environmental impact assessment (EIS) for the road was filed with the Bureau of Land Management at the end of March and Trilogy was hoping for a record of decision within Read More

Egypt consumed 312,000 tonnes of rebar in May 2020, 35.36% less than the 482,700 tonnes consumed in May 2019, Egyptian sources told Fastmarkets.This is the lowest rebar consumption figure for the last ten years, sources noted. Comparatively, Egypt consumed 452,800 tonnes of rebar in April 2020, sources said.If consumption continues to fall at this rate, market sources expect the country's annual r...Read More

China's domestic hot-rolled coil prices fell on Monday June 29 amid thin trading resulting from floods in various parts of the country.DomesticEastern China (Shanghai): 3,710-3,730 yuan ($524-527) per tonne, down 10-20 yuan per tonneA Shanghai-based trader said that floods and heavy rain across the country had let to a weakening of HRC demand.Local media reported last Saturday that floods across 2...Read More

(Updates prices) By Peter Hobson LONDON, June 29 (Reuters) - Supply disruption in topproducer Chile, solid demand in top consumer China and dwindlingstockpiles kept copper prices near five-month highs on Monday. Benchmark copper on the London Metal Exchange (LME)was up 0.1% at $5,963 a tonne at 1615 GMT, close to Friday'speak of $6,006.The metal used in power and construction has risen by about35%...Read More

Asian-Pacific equities and pre-market European equity index futures were weaker this morning, Monday June 29, but base metals prices were for the most part firmer. * Nikkei led on the downside this morning with losses of 2.21%.* Covid-19 surges in some southern US states, with 2.5 million confirmed cases reported in the country.* Profits in China’s industrial sector showed growth of 6% year o...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade.Boeing added $12.30 to $182.31 after the FAA indicated that test flights on the 737 Max aircraft are set to start today.Gap Stores gained $0.63 to $12.70 after Deutsche Bank raised its target price from $13 to $15.Square added $1.45 to $105.75 after KeyBanc Capital increased its target pr...Read More

Turkish domestic scrap prices have gone down over the past week in line with the latest downturn in imported deep-sea scrap values, sources said on Monday June 29.Several steel producers decreased their domestic buy prices for both auto bundle and shipbreaking scrap last week.Long and flat steelmaker ??olakoglu cut its buy price for auto bundle scrap by 60 lira per tonne to 1,885 lira ($275) per t...Read More

Seaborne premium hard coking coal prices were largely stable on Monday June 29 due to a lack of trading, but most market participants expect hard coking coal prices to climb in line with the earlier increase in premium hard coking coal prices.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.57 per tonne, down $0.22 per tonne Premium hard coking coal, cfr Jingtang: $122.81 per tonne, dow...Read More

Seaborne iron ore prices fell on Monday June 29 due to a weak demand outlook, reflecting heavy rainfall in several parts of China and fresh pollution control restrictions imposed on mills in Tangshan for the month of July. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $99.85 per tonne, down $3.49 per tonne.  62% Fe low-alumina fines, cfr Qingdao: $102.45 per tonne, down $4.04 per to...Read More

Trading activity for seaborne iron ore concentrate and pellets was limited last week due to Chinese holidays on Thursday and Friday.Fastmarkets' index for iron ore 66% Fe concentrate, cfr Qingdao stood at $109.83 per tonne last Friday June 26, down by $2.67 per tonne from $112.50 per tonne a week earlier. Sources said demand for seaborne concentrate was subdued during the week due to the availabil...Read More

Mining company BHP Group and steel producer China Baowu Steel Group have completed their first iron ore trade on MineHub Technologies Inc's blockchain-based platform. The platform, which was launched in October 2019, aims to improve efficiency in trading operations and in environmental and social governance (ESG) compliance in the mining and metals supply chains.MineHub said the trade marks the fi...Read More

China's domestic rebar prices dropped on Monday June 29 to track falling futures amid a pessimistic outlook of demand during the rainy season.Domestic Eastern China (Shanghai): 3,530-3,560 yuan ($504-508) per tonne, down by 30 yuan per tonneMost parts of eastern and southern China are experiencing heavy rain that is forecast to persist over the next three days. Such weather shortens the working ho...Read More

Asian-Pacific equities and pre-market European equity index futures were weaker this morning, Monday June 29, but base metals prices were for the most part firmer. Nikkei led on the downside this morning with losses of 2.21%.Covid-19 surges in some southern US states, with 2.5 million confirmed cases reported in the country.Profits in China's industrial sector showed growth of 6% year on year in M...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...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...Read More

The latest data for the global manganese ore market for the week ended June 29, 2020.Read More