(IDEX Online) - A new State of the Industry report in Australia reveals that nine out of 10 stores that were selling fashion jewelry in 2010 have since closed.Six of the seven chains that were then trading have either collapsed or moved entirely online, according to Jeweller magazine, which researched the report.There were 378 fashion jewelry stores across the country in 2010, it says.  Ninet...Read More

The United States' Midwest aluminium premium surged on Tuesday July 21, with wide contango spreads on the London Metal Exchange and a more bullish sentiment causing traders to raise offer prices.Fastmarkets assessed the aluminium P1020A premium, ddp Midwest US at 10.5-11.5 cents per lb on July 21, up 15.8% from 9-10 cents per lb on Friday July 17 and up 22.2% from 8.5-9.5 cents per lb the week bef...Read More

A summary of Brazilian miner Vale's base metals production results for the second quarter of 2020, as stated in its production report published on Monday July 20.In brief Actions to control the spread of the Covid-19 pandemic prevented the production of 5,000 tonnes of nickel and 17,000 tonnes of copper, Vale said. These volumes would have increased the outputs shown below. Canadian nickel unit Vo...Read More

Maersk Line, the world's biggest shipping line by cargo capacity, will stop handling scrap cargoes destined for mainland China and Hong Kong due to policy uncertainties, it said on Friday July 17.The notice issued to Maersk's clients on July 17 and seen by Fastmarkets said that any scrap cargoes, including non-ferrous and ferrous metal scrap as well as textile and waste paper, scheduled to depart...Read More

London Metal Exchange three-month base metals prices were collectively higher during morning trading on Tuesday July 21, supported by the unveiling of a ?,?750 billion ($857 billion) European Union stimulus package to counter the continued economic fallout of the coronavirus pandemic. Topping complex gains over the morning, nickel's three-month price on the LME was recently trading at $13,340 per...Read More

Markets were for the most part stronger this morning, Tuesday July 21, encouraged by the ?,?750 billion ($858 billion) recovery fund that European Union leaders agreed on in the early hours of this morning. Markets were also being boosted by hopes that progress is being made on Covid-19 vaccines and ongoing concerns about supply disruptions, while participants seem content to look past the current...Read More

Hot-rolled coil prices in the United States have remained modestly below $23 per hundredweight ($460 per short ton) while the market waits to see whether a round of mill increases will succeed in lifting prices - or at least in keeping them from falling farther.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $22.90 per cwt ($458 per ton) on Tuesday July 21, littl...Read More

The US Department of Commerce has initiated anti-dumping and countervailing duty investigations into imports of standard steel welded wire mesh from Mexico, according to a release from the US International Trade Administration (ITA) dated Tuesday July 21.The probes follow petitions filed by Insteel Wire Products, Mid-South Wire Co, National Wire, Oklahoma Steel & Wire Co and Wire Mesh Corp, the re...Read More

Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesIron ore production on an attributable basis was 248 million tonnes for the year, or 281Mt on a 100% basis, meeting...Read More

Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesScoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.IronRidge shows its mettleSPONSOREDironridge resources Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesCanada's System for Electronic Disclosure by Insiders recorded the transaction last week, prompting some market obse...Read More

Two separate strikes at ArcelorMittal steelworks in northern Spain have had little or no impact on output, the company said on Tuesday, July 21.Workers at ArcelorMittal Olaberria in the Basque Country region started industrial action on July 15 over a new collective labor agreement, with workers demanding  "decent salary increases and pension fund retention," according to the LAB union.Arcelo...Read More

Sales of flat-rolled steel by Brazilian distributors showed a rapid recovery in June, with volumes up both month on month from May and from June 2019, according to data from national distributors' association Inda.Distributors sold 290,500 tonnes of flat steel in June, up by 17.4% from 247,500 tonnes a year before, Inda said on Tuesday July 21. This volume was also up by 38.5% compared with 209,80...Read More

Liberty Steel has restarted production on the pickling line at its Magona plant in Italy and is preparing to restart operations on the long-idle organic coating line No1, the company said on Tuesday July 21.The producer has also invested ?,?10 million ($11.44 million) in the facility, formerly known as ArcelorMittal Piombino."I'm delighted to celebrate the first steps in our transformation plan fo...Read More

Prices for domestic hot-rolled coil in Northern Europe were fairly stable day on day on Tuesday July 21, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was calculated at ?,?407.67 ($466.36) per tonne on Tuesday July 21, up by just ?,?0.28 per tonne from ?,?407.39 per tonne on Monday July 20. Tuesday's...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia have increased over the past week, although demand was only moderate, sources told Fastmarkets on Tuesday July 21.Demand was subdued because of the upcoming Eid Al-Adha religious holiday at the end of July. But prices went up because of high offers.India stopped offering flat steel to the UAE toward the end of last week and UAE...Read More

Markets were for the most part stronger this morning, Tuesday July 21, encouraged by the €750 billion ($858 billion) recovery fund that European Union leaders agreed on in the early hours of this morning. Markets were also being boosted by hopes that progress is being made on Covid-19 vaccines and ongoing concerns about supply disruptions, while participants seem content to look past the curr...Read More

(Updates with prices) By Zandi Shabalala LONDON, July 21 (Reuters) - Copper prices climbed oninvestor hopes for a recovery in metals demand and the globaleconomy after European Union leaders agreed a massive stimulusplan and positive news emerged about a coronavirus vaccinetrial. Three-month copper on the London Metal Exchange rose0.8% to $6,541 a tonne by 1617 GMT on Tuesday, close to the25-month...Read More

Mondelez (MDLZ), an S&P 100 stock moved above $54.30 resuming an intermediate uptrend.Lululemon (LULU), a NASDAQ 100 stock moved above $324.76 to an all-time high extending an intermediate uptrend.Paccar (PCAR), a NASDAQ 100 stock moved above $79.38 and $80.00 extending an intermediate uptrend.Skyworks Solutions (SWKS), a NASDAQ 100 stock moved above $138.22 to an all-time high extending an in...Read More

Turkish steel mills took a break from deep-sea scrap purchases Tuesday July 21, but still expected to book more cargoes for August and September shipments, sources told Fastmarkets.The most recent booking was from the Baltic Sea region, sold on Monday July 20 at $265 per tonne cfr on HMS 1&2 (80:20) basis. This compared with the previous Baltic Sea cargoes sold at the end of last week...Read More

Seaborne iron ore prices increased on Tuesday July 21 after further concerns emerged over supplies from Brazil, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $111.43 per tonne, up $1.89 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $113 per tonne, up $1.56 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $100.36 per tonne, up $2.50 per...Read More