Domestic prices for hot-rolled coil in Northern Europe moved down day on day on Monday June 15 due to low demand, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was ?,?393.75 ($442.92) per tonne on Monday June 15, down by ?,?2.50 per tonne from ?,?396.25 per tonne on Friday June 12 - also down by ?,?5 per tonne week on week and by ?,?18....Read More

Domestic prices for hot-rolled coil have moved further down in Northern Europe yet remained stable in Southern Europe in the week to Friday June 12 amid low market demand, sources said.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was calculated at ?,?396.25 ($505.90) per tonne on Friday June 12, down by ?,?2.50 per tonne week on week and by ?,?23.75 per tonne month...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 57 points in pre-opening trade. Index futures were virtually unchanged following release of the June Empire State Manufacturing Survey at 8:30 AM EDT. Consensus was -35.0 versus -48.59 in May. Actual was down 0.2MMM dropped $4.31 to $151.00 after the company announced a 20% drop in May sales.Shopify gained $32.99 to U...Read More

Latin American steelmakers were operating at 42% capacity in April after at least seven blast furnaces were halted to balance supply with the demand contraction amid the Covid-19 pandemic, the region's steel association, Alacero, said on Thursday June 11.The seven blast furnaces combined have the capacity to produce around 7 million tonnes per year of crude steel, Alacero added. For context, Latin...Read More

The Turkish deep-sea scrap import market was quiet on Monday June 15, with mills digesting the bookings made last week at firm prices, sources told Fastmarkets.Nine deep-sea cargoes were booked by Turkish steel mills last week totaling around 250,000 tonnes. At least three additional cargoes from last week were also heard on Monday,...Read More

Turkish domestic scrap prices continued to strengthen over the past week on rising imported scrap costs and in support of the domestic long steel market, sources said on Monday June 15.Turkish steel producers have been booking deep-sea scrap in the past three weeks amid the easing of Covid-19 restrictions, which has been pushing up prices since then, Fastmarkets understands.Fastmarkets' daily inde...Read More

Seaborne premium hard coking coal prices increased on Monday June 15, with market participants from China active in the spot market. Fastmarkets indicesPremium hard coking coal, fob DBCT: $108.47 per tonne, up $1.11 per tonne Premium hard coking coal, cfr Jingtang: $117.58 per tonne, up $1.06 per tonneHard coking coal, fob DBCT: $89.32 per tonne, down $0.10 per tonneHard coking coal...Read More

Seaborne iron ore prices weakened on Monday June 15, while Chinese futures slipped as well, Fastmarkets heard.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $103.44 per tonne, down $1.58 per tonne.62% Fe low-alumina fines, cfr Qingdao: $106.12 per tonne, down $1.91 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $93.39 per tonne, down $0.87 per tonne.65% Fe Brazil-origin fines, cf...Read More

China's ferrous scrap prices increased over the past week with strong demand leading some mills to raise their purchase prices to ensure supplies. Fastmarkets' weekly price assessment for steel scrap heavy scrap domestic, delivered mill China was at 2,600-2,630 yuan ($367-371) per tonne on Friday June 12, narrowing up by 50 yuan per tonne from 2,550-2,630 yuan per tonne a week earli...Read More

Trading activity in the seaborne iron ore concentrates and pellet markets was limited in the week to Friday June 12 after increases in line with rising iron ore fines prices. Fastmarkets' index for iron ore 66% Fe concentrate, cfr Qingdao, stood at $115.18 per tonne on June 12, up $2.55 per tonne from $112.63 per tonne a week earlier. Sources said concerns over supplies from Brazil trigg...Read More

Turkish steel producers remained active in the market for import scrap in the week ending Friday June 12, while prices for bulk scrap in Japan and Vietnam appear to hit a ceiling as activity slowed.Turkish mills continue to book deep-sea scrap Demand from Turkey has allowed US East Coast prices to keep increasing Trading activity falls in Vietnamese market as offer prices climb  Buying activi...Read More

China's hot-rolled coil prices dipped on Monday June 15 despite a relative tightness in supply in the eastern region, with a spike in the number of Covid-19 infections in Beijing over the weekend resulting in a weakening of the futures market.DomesticEastern China (Shanghai): 3,640-3,650 yuan ($514-515) per tonne, down 10 yuan per tonnePrices fell slightly in Shanghai amid falling futures, though...Read More

China's rebar market appeared to be unperturbed by a spike of Covid-19 infections in Beijing over the weekend.Domestic Eastern China (Shanghai): 3,570-3,600 yuan ($504-508) per tonne, down by 10 yuan per tonneThe number of infections in the capital started to rise on Saturday, but so far, there has not been any restrictions imposed on the construction sector in and around the city.Beijing has test...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 it...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 it applies. Fastmarkets assessed cobalt...Read More

Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday June 12.China Export price for silicon grade 5-5-3 dropped - with deals concluded at the low and mid of the price range - while trading volume was very limited at no more than 40 tonnes per order.Weak overseas demand continued to pressure the silicon price, while sources...Read More

Key data from Friday June 12 pricing session in Shanghai.Key drivers Price range widens downward following the emergence of lower offers for Chinese brands of selenium amid sluggish demand from the glass industry and weakness in...Read More

Nornickel's estimated $150-million cost to clean a company oil leak is "hugely preliminary", the Russian miner said in a press conference two weeks after the biggest oil spill in the Arctic Circle since the Exxon Valdez.And the company expects by June 26 a government assessment of penalties, from the Environment Supervision Agency (Rosprirodnadzor), Nornickel said during the teleconference on June...Read More

A report by Fitch Solutions states that global gold mine production growth is expected to rebound in the coming years underpinned by higher gold prices and mergers between major mining firms."We forecast global gold production to increase from 106 million oz. in 2020 to 133 million oz. by 2029, averaging 2.5% annual growth," the document states. "This would be an acceleration from the average grow...Read More

At least 1.1 tonnes of gold mined in the Democratic Republic of Congo (DRC) were smuggled last year into countries along the eastern border, costing the impoverished nation millions of dollars in tax revenue and funding conflict and criminal networks, a United Nations Group of Experts report shows.Congo's official exports of gold extracted by artisanal miners bear almost no relation to reality, th...Read More