Galvalume prices in the United States rose to a record high for a fourth month in a row, with consumers struggling to find material amid an ongoing shortage."We are maintaining a disciplined approach to order entry with the goal of on-time delivery to better serve our customers," a Galvalume producer said. "The end markets for Galvalume remain strong. Galvalume buyers in general are somewhat more...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationWhile Q1 copper volumes of 183,000 tonnes also represented a 5% drop quarter-on-quarter, the figure was in line with guidance and analyst expectations.Read More

Hot-rolled coil prices in the United States breached the $70-per-hundredweight ($1,400-per-short-ton) threshold on Wednesday April 21, even as some sources said mills were working through the supply backlog and some spot tonnages appeared on the market.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $70.53 per cwt ($1,410.60 per ton) on Wednesday, an increase of 1.15%...Read More

Are mining companies being held back by their board composition? SPONSOREDswannEmmerson's premium offeringSPONSOREDemmerson plcAlto emerging on song at SandstoneSPONSOREDalto metalsReady for development copper-gold projectSPONSOREDjosemaria resources incWhile March quarter attributable iron ore shipments fell 4% to 59.9 million tonnes, sales for the first nine months of the financial year rose...Read More

Sentiment in the European cold-rolled coil market has remained bullish due to material shortages at domestic mills and limited oversea alternatives, sources told Fastmarkets on Wednesday April 21.As a result of the tight supply, buyers have been ready to accept higher prices for CRC materials, but the number of deals has been nominal because mills were either holding back from offering in the spot...Read More

Base metals prices on London Metal Exchange were up across the board this morning, Wednesday April 21, but those on the Shanghai Futures Exchange were mainly weaker, as were broader markets, while haven assets were bid for.* The spread of the Covid-19 pandemic is becoming polarized on a regional basis...* ...this could threaten the global recovery and travel* Tension rises on Russia-Ukraine border...Read More

European steel H-beam prices were unchanged week on week on Wednesday April 21, with producers starting a new push for increases, sources have told Fastmarkets.Fastmarkets assessed the weekly price for steel beams, domestic, delivered Northern Europe, at ?,?750-780 ($903-940) per tonne on Wednesday, unchanged week on week."Exports from the European mills are at a good level. There is currently no...Read More

Disney (DIS), a Dow Jones Industrial Average stock moved below $181.01 completing a Head & Shoulders pattern.Exxon Mobil (XOM) moved below $54.45 completing a double top pattern.Citigroup (C), an S&P 100 stock moved below $74.73 completing a double top pattern.JP Morgan (JPM), a Dow Jones Industrial Average stock moved below $148.09 completing a double top pattern. Boeing (BA), a Dow Jones...Read More

Turkish deep-sea scrap import prices have rebounded once again with fresh bookings done following successful Turkish export rebar and billet sales, market participants said on Wednesday April 21. A steel mill in the Iskenderun region booked a European cargo, comprising 22,500 tonnes of HMS 1&2 (80:20) and 12,500 tonnes of a mixture of plate and structural (P&S) and HMS 1 at an average price of $42...Read More

Iron ore seaborne prices dipped on Wednesday April 21 due to limited trading activity, while prices at Chinese ports gained on better demand, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $188.23 per tonne, down $1.38 per tonne62% Fe low-alumina fines, cfr Qingdao: $188.67 per tonne, down $1.36 per tonne58% Fe fines high-grade premium, cfr Qingdao: $161.23 per tonne, down $3....Read More

Offer prices for ferrous scrap imports into China increased sharply on Wednesday April 21 amid bullish sentiment in the key supplier, Japan.The highest offers heard were at $520-530 per tonne cfr north China, equivalent to $510-520 per tonne cfr east China.Bid prices were heard at $495-500 per tonne cfr north China, equivalent to $485-490 per tonne cfr east China.Sentiment in the Japanese market h...Read More

The seaborne premium hard coking coal price in the cfr China was relatively flat and fell in the fob market on Wednesday April 21.The low offer level and combined sale of two cargoes in one deal attracted some buying interest in the fob market while buyers in the cfr market were cautious amid the high offers, market sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBC...Read More

Over July 2020 to March 2021, BHP's metallurgical coal production volume came to 29 million tonnes, down by 2% year on year, BHP's latest quarterly report on April 21 shows.BHP adjusted its production guidance for metallurgical coal in its 2021 financial year to 39-41 million tonnes, down from 40-44 million tonnes, as a result of significant wet weather during December 2020 and the first quarter o...Read More

A summary of multinational mining company Rio Tinto's first-quarter 2021 production results from its latest production report released on Tuesday April 20. In brief Iron ore production at Pilbara (100% basis) in the first quarter of 2021 was 2% lower year on year due to fixed plant reliability and above average wet weather at the mines. In the first quarter, labor resource availability and weather...Read More

A summary of BHP's operational review for iron ore for its financial third quarter ended March 31, 2021, as released on Wednesday April 21.In briefTotal production of iron ore for the nine months ended March 31 was 188.3 million tonnes (211.3 million tonnes on 100 % basis), up by 4% year on year. Iron ore production in January-March was at 59.9 million tonnes, down by 4%...Read More

China's hot-rolled coil prices narrowed upward on Wednesday April 21 amid inventory decreases, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,500-5,520 yuan ($847-850) per tonne, narrowing upward by 30 yuan per tonneMarket sentiment was lifted on Wednesday on futures gains, especially after talk circulated that HRC inventory in Shanghai had decreased over the past week, several Shang...Read More

China's import premiums for copper cathode are in free fall, and market sentiment remained very low in current unfavorable import condition. Premiums in other regions held unmoved.Shanghai premiums in free fall; equivalent grade (EQ) market trades at a bigger discount.United States and European copper premiums steady.China premiums collapse to seven-month low; EQ market deepens in discountThe prem...Read More

A recovery in the US dollar index weakened London Metal Exchange zinc and lead prices in the morning of Wednesday April 21, while nickel and aluminium prices regained some of the previous day's losses. The dollar index was at 91.32 on Wednesday morning, up from Tuesday's reading of 90.96. It hit its lowest since March 4 on Tuesday morning when it fell to 90.85, which had allowed for some price rec...Read More

Base metals prices on London Metal Exchange were up across the board this morning, Wednesday April 21, but those on the Shanghai Futures Exchange were mainly weaker, as were broader markets, while haven assets were bid for.The spread of the Covid-19 pandemic is becoming polarized on a regional basis......this could threaten the global recovery and travelTension rises on Russia-Ukraine border Base...Read More

An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi...Read More