China's domestic rebar prices were unchanged on Thursday July 22 amid a confluence of opposing factors, but market participants expect them to regain their upward momentum soon.DomesticEastern China (Shanghai): 5,230-5,250 yuan ($809-812) per tonne, unchangedEnd-user demand for rebar continued to decline due to heavy rain in Henan province and high temperatures in other parts of China.But some res...Read More

Turkish steel mills remained absent from the market on Thursday July 22 as the Eid al-Adha public holiday continued.The country is currently off work for the week-long religious holiday, with trading not expected to resume until Monday July 26 at the earliest, sources...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade. Whirlpool dropped $3.00 to $214.25 despite reporting higher than consensus second quarter revenues and earnings. The company also offered positive guidance. Texas Instruments fell $7.35 to $186.89 despite reporting higher than consensus second quarter revenues and earnings. However, the...Read More

Increasing supplies of H2-grade steel scrap have allowed South Korean buyers to obtain the material at lower prices in the week to Thursday July 22, sources told Fastmarkets.Summer maintenance rounds at various Japanese steelmakers have reduced consumption of material in that local market, but the tighter supply and strong demand seen in higher grades such as Shindachi busheling have kept prices f...Read More

Production of steel will be halted for at least two weeks in the key Bangladesh market when the country's latest Covid-19-related lockdown starts on Friday July 23, sources have told Fastmarkets.The new lockdown rules will be stricter on the steel industry than the existing 'circuit breaker' regime. The current rules came into effect on July 1 and permitted steel production to continue, although t...Read More

Iron ore prices fell on Thursday July 22 amid a weak short-term demand outlook, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $202.63 per tonne, down $12.16 per tonne62% Fe low-alumina fines, cfr Qingdao: $204.62 per tonne, down $11.55 per tonne58% Fe fines high-grade premium, cfr Qingdao: $166.88 per tonne, down $9.56 per tonne65% Fe Brazil-origin fines, cfr Qin...Read More

Heavy weather barreled through Wall Street Monday - beneath the weatherman's detection - and gave investors a savage drenching.Squalling rains washed away 925 points from the Dow Jones Industrial Average... before relenting late in the day.High pressure, high skies and high expectations were back yesterday. The Dow Jones reclaimed 536 points. It took back another 286 points today.Once again... all...Read More

Much higher supplies of natural gas, hydrogen, 'green' electricity, and steel scrap will be needed for the development of Direct Reduction Iron-Electric-arc Furnace (DRI-EAF) steelmaking processes in China,Baowu Group said on Thursday July 22."Developing the DRI-EAF steelmaking technologies is an important and inevitable step for the Chinese steel sector to achieve carbon neutrality," Xu Wanren, t...Read More

The coking coal market in China inched up on Thursday July 22 due to necessary procurement demand from steel mills. The fob coking coal market also increased with firm buying interest for cargoes loaded in August and September, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $214.14 per tonne, up $3.06 per tonnePremium hard coking coal, cfr Jingtang: $310.53 per tonne, up $1.22...Read More

The world's largest carbon trading market is slowly gaining momentum and will eventually be a key component of China's ferrous industry, market sources told Fastmarkets this week.China kicked off nationwide carbon trading on July 16, with mostly thermal coal-fired power plants participating on the first day. Companies can buy carbon emission quotas from the market, while those with lower emissions...Read More

Seasoned Industry Executive Kevin Francis Appointed to VP Exploration and Technical ServicesCK Gold Project Development Remains on Schedule for Release of its PFSELKO, Nev., July 22, 2021 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) (the "Company"), a gold exploration and development company, today announced that Kevin Francis has joined the Company as Vice President - Exploration and Technical...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...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.Fastmarkets...Read More

Domestic and export prices for Chinese stainless steel prices rose sharply over the week ended Wednesday July 21 on tight supply, which led to increased expectations of an export tariff to ease the shortage.DomesticStainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 19,000-20,100 ($2,939-3,109) per tonne, up by 1,000-1,300 yuan per tonne from a week earlierPrices have risen to their hi...Read More

Fully integrated US-based steel producer Cleveland-Cliffs has reported record operating and financial results for the quarter ended June, but earnings missed analyst expectations, sending the New York-quoted stock nearly 8% lower in early morning trade.Cleveland-Cliffs said adjusted earnings came in at $1.46 per share, well ahead of the 28c per share reported in the corresponding quarter a year ea...Read More

Eldorado Gold (TSX:ELD; NYSE:EGO) has bought an 11.5% stake in Quebec-focused explorer Probe Metals (TSXV: PRB; US-OTC: PROFB) in a deal worth about $23.7 million (US$18.9 million).The acquisition of 15.04 million common shares of Probe at $1.575 each follows the friendly takeover earlier this year of QMX Gold, another junior with assets in Quebec's resource-rich Abitibi Greenstone Belt.The buyout...Read More

Canada's Deep-South Resources (TSXV: DSM) is taking the Namibian Ministry of Mines and Energy to court as it refused in June to renew the company's prospecting licence for its Haib copper project.The Vancouver-based miner had warned it would contest the decision "by all means necessary" as it said it had clearly demonstrated that it had met all the criteria to justify a renewal.The application, wh...Read More

Solaris Resources (TSX: SLS: US-OTC: SLSSF) has made a new discovery within its Warintza copper project in southeastern Ecuador.The Warintza project is adjacent to the national highway that runs north-south along a mineral belt that hosts Lundin Gold's (TSX: LUG) Fruta del Norte mine and a Chinese consortium's Mirador mine, about 40 km to the south."All told, this belt is estimated to host tens of...Read More

Uranium Outlook: Ready for lift off at lastSPONSOREDGalan Lithium rides electric vehicle revolutionSPONSOREDgalan lithiumGlobal Atomic is shipshape and in weather for plain sailingSPONSOREDglobal atomicDenison aims for 2022 live ISR field test at PhoenixSPONSOREDdenison minesChief executive Paul Mulder began his presentation at an investment conference last week by grandly declaring a focus on PNG...Read More

Tight market conditions in Europe and soaring prices in China buoyed prices in the European ferro-chrome markets in the week to Tuesday July 20, given the likelihood that metal will be attracted to the Chinese country.Fastmarkets' price assessment for ferro-chrome high carbon 6-8.5% C, basis 65-70% Cr, max 1.5% Si, delivered Europe narrowed upwards by 4 cents (1.4%) to $1.34-1.55 per lb Cr on July...Read More