Pig iron import prices in the United States increased during the week to Friday May 7, following the uptrend in the global market.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $620-635 per tonne on Friday, up from $585-595 per tonne the previous week. A cargo of Brazil-origin pig iron with 0.12% phosphorus content was bought at about $620-625 per tonne...Read More

Canadian iron ore exploration and development company Black Iron will negotiate offtake rights and financing with US commodities supplier Cargill for its Shymanivske iron ore project in Ukraine, Black Iron announced on Monday May 10.The offtake rights will involve the initial 4 million tonnes per year of production from the mine, while the financing will be for a $75 million facility to be used fo...Read More

The jump in Kanto Tetsugen auction prices has led to another increase in the Japanese export price for steel scrap over the past week, market sources told Fastmarkets on Wednesday May 12.Tuesday's auction by Kanto Tetsugen, which is a cooperative of scrap dealers in the Tokyo region, closed its monthly H2 grade scrap export price at an increase of ?5,899 ($54) per tonne month on month, with the h...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 39 points in pre-opening trade.Equity index futures moved lower following release of the April Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.2% versus a gain of 0.6% in March. Actual was an increase of 0.8% Excluding food and energy, consensus was an increase of 0.4% versus a gain of 0.7% in Marc...Read More

Exports of ferrous materials from India could become more logistically challenging in the coming weeks while the country battles the Covid-19 pandemic, market participants have told Fastmarkets.The worst may still be to come for steel exports out of Covid-hit eastern India, sources said, because of a lack of available stevedores, forces majeures at ports and reduced steel output at certain plants....Read More

Prices for steel scrap imported into China continued to rise on Wednesday May 12 amid limited offers from major suppliers.Many sellers remain reluctant to offer cargoes because of the volatility in the downstream steel billet and finished steel markets, with offers mainly around $560-570 cfr China.Bids for imported HRS101-grade scrap were heard at $530 per tonne cfr northern China, which sources s...Read More

Iron ore prices rose on Wednesday May 12 because of the strong price performance for steel products, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $237.57 per tonne, up $8.64 per tonne 62% Fe low-alumina fines, cfr Qingdao: $240.00 per tonne, up $10.19 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $207.22 per tonne, up $7.15 per tonne 65% Fe Brazil-origin fines, c...Read More

Base metals prices on the London Metal Exchange edged higher across the board during morning trading on Wednesday May 12, after dipping earlier this week due to increasing concerns of inflation. "Industrial metals remained in risk-on mode, along with rising inflation expectations as 1 year breakeven inflation climbed further to just shy of 3%," Warren Patterson, Head of Commodities Strategy at ING...Read More

Domestic rebar prices in China held steady for a second day despite steady gains in the futures market, with destocking pressure keeping any upward momentum from taking hold.DomesticEastern China (Shanghai): 6,000-6,030 yuan ($933-938) per tonne, unchanged Some sellers raised their offers by 10-20 yuan per tonne upon seeing the gains in the futures market, but buyers snubbed these. Instead, they w...Read More

Base metals prices on the London Metal Exchange were little changed and consolidating this morning, Wednesday May 12, this after some choppy trading in recent days.Traders wary of contagion from weaker equity markets Asia-Pacific equities mainly weaker, especially in Taiwan Markets focused on Wednesday's Consumer Price Index (CPI) data from United States Base metalsLME three-month base metals pric...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday May 12.Key drivers The European ferro-titanium spot market price range narrowed lower over the week, with the top end dropping below $8 per kg for the first time since December 15. Persistently quiet business conditions for several weeks has gradually eroded alloy prices, with firm sales to the United States and Asia tightening Euro...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade, in-whs Rotterdam, $/lb at 20.00-20.50...Read More

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Read More

Company to provide updates on 2021 Summer Field Season Program at the CK Gold Project and exploration plans for the Maggie Creek, Keystone and Challis Gold ProjectsELKO, Nev., May 12, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, today announced that the Company will participate at an upcoming Benzinga Global Small Cap Conferenc...Read More

The Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) 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 hydroxide...Read More

The Cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More

The market for the higher grade of high carbon ferro-chrome inched upward on Tuesday May 11 due to strong end-use demand, while the lower grade ticked down following lower offers for Indian material. Fastmarkets' ferro-chrome high carbon 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe price assessment widened upward by 1 cent (0.4%) to $1.20-1.49 per lb Cr on Tuesday May 11 from $1.2...Read More

The export steel billet price from the Commonwealth of Independent States (CIS) region jumped again on Wednesday May 12, this time by $45 per tonne following Tuesday's $37-per-tonne increase, after customers in Latin America and China accepted higher levels in fresh deals. Fastmarkets' daily steel billet index, export, fob Black Sea, CIS rose to $725 per tonne on Wednesday, from $680 per tonn...Read More

The price for iron ore surged to a record US$237.57 per tonne on May 12 as strong Chinese demand continued to outpace supply.The record price levels are supported by a continued supply squeeze, with major iron ore producers reporting seasonally lower output in the March quarter, and growing concern over the escalating Covid-19 crisis in India, which could impact the country's exports of the metal....Read More