Domestic prices for hot-rolled coil increased day on day in Northern Europe on Tuesday December 15 due to a materials shortage in the market, and steelmakers are preparing to announce higher offers soon, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?636.25 ($772.68) per tonne on December 15, up by ?,?12.92  per...Read More

Flat steel import prices in the United Arab Emirates (UAE) and Saudi Arabia continued to rise over the past week, mainly due to strong global demand and despite there being less enthusiasm in their domestic markets.Demand was not strong in the UAE or Saudi Arabia because stock levels were sufficient and end-user demand was only limited, sources told Fastmarkets on Tuesday December 15.UAEOffer pric...Read More

Offer prices for steel billet originating in the Commonwealth of Independent States continued to move up due to surging scrap costs and tight supply, while trading was quiet this week on offer-bid disparity, sources told Fastmarkets on Tuesday December 15. Offers for steel billet for February shipment from some Russian mills were heard within the range of $560-580 per tonne fob on Tuesday, with so...Read More

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipBardoc eyes long-term growth in prime goldfields locationSPONSOREDbardoc goldDrill results multiply value options in front of YandalSPONSOREDyandal resourcesA new target zone in the Pillar district, interpreted as a potential parallel lens at depth, is emerging about 70-120m ea...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The company's Chuquicamata division in northern Chile is already powered by renewable energy sources, which represent about 20% of its total power consumption.Read More

Look beyond market approach to project valuations: van ZylLeadershipBardoc eyes long-term growth in prime goldfields locationSPONSOREDbardoc goldDrill results multiply value options in front of YandalSPONSOREDyandal resources'Best discovery in my time': De Grey on the march at HemiSPONSOREDde grey miningThe funding will be used by Solaris to expand the ongoing exploration program at its Wa...Read More

Scoped for growth: Nevada Copper shifts into production modeSPONSOREDnevada copper corp.The company recently completed preliminary economic assessments on its three potential expansions and plans to advance these to pre-feasibility studies in 2021, which will be key for it to determineRead More

Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Tuesday December 15, this despite some healthy Chinese economic data.* Stricter lockdowns measures in many countries are a headwind for equity markets, which may flow into the metals* With gold prices up and US treasury yields down, this suggests a pick-up in haven demandBase metalsThe three...Read More

Turkish steelmakers continued to book deep-sea scrap for February 2021 shipments at increasing prices, sources said on Tuesday December 15.A steel mill in the Marmara region booked a European cargo comprising an 80:20 mix of No1 and No2 heavy melting scrap at $421 per tonne and bonus at $431 per tonne cfr. This compared with the previous cargo sold from the Baltic Sea region at $419 per tonne...Read More

A shortage of scrap has forced Riva Group to halt steel making operations at its Hennigsdorf site in Germany, several sources told Fastmarkets on December 15.The rebar and wire rod producer had to suspend operations at the Hennigsdorf site, in Brandenburg state in the north east of Germany, last week because it had run out of steel scrap, several sources told Fastmarkets."Riva's Hennigsdorf has no...Read More

Seaborne iron ore prices were rangebound on Tuesday December 15 compared with the previous day, but trading activity had picked up at the Chinese ports, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $155.07 per tonne, up $0.70 per tonne62% Fe low-alumina fines, cfr Qingdao: $155.09 per tonne, up $0.38 per tonne58% Fe fines high-grade premium, cfr Qingdao: $143.90...Read More

Premium hard coking coal cfr and fob prices diverged slightly on Tuesday December 15, with the premium hard coking coal cfr price up and fob price down, sources told Fastmarkets. Some coke producers in China proposed a ninth round of price increases - with an increase of 50 yuan ($8) per tonne starting from December 15 - and some steel mills accepted the proposal, sources said.Fastmarkets ind...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 26 points in pre-opening trade. Index futures responded to expectation of more government stimulus.Index futures were virtually unchanged following release of the December Empire State Manufacturing survey at 8:30 AM EST. Consensus was a slip to 6.00 from 6.30 in 6.30 in November. Actual was 4.90The Canadian Dollar add...Read More

China's hot-rolled coil prices declined for the second consecutive day on Tuesday December 15 after reaching a nine-year high on December 11, but trading activity has picked up, sources said.DomesticEastern China (Shanghai): 4,470-4,480 yuan ($683-685) per tonne, down 10-40 yuan per tonneOne Shanghai-based trader said she had won more deals on Tuesday than a day ago after cutting offers and that&n...Read More

China's domestic rebar prices stopped their downtrend on Tuesday December 15 amid higher activity following stronger futures. DomesticEastern China (Shanghai): 4,130-4,160 yuan ($631-635) per tonne, unchangedBuyers raised their procurement rates following the futures market gains, sources said.Construction work in eastern and southern China was reportedly active over the day, Fastmarkets was told,...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...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...Read More

Belgian battery-materials manufacturer Umicore has upgraded its 2020 earnings guidance following a stronger-than-anticipated performance in November and December in its catalysis and recycling segments, the company said on Monday December 14. Umicore anticipates its full-year adjusted earnings before interest and taxes (Ebit) to be in the region of ?,?530 million ($644 million), compared with the...Read More

Stainless steel producer Outokumpu has upgraded its guidance for the fourth quarter of 2020 following better-than-expected sales, the Finnish company said on Tuesday December 15. With production facilities in Finland, Sweden, Germany, the UK, Mexico and the United States, and sales offices around the world, Outokumpu now expects its earnings before interest, taxes, depreciation, and amortization (...Read More

European ferro-silicon prices, which have been rallying since late October, will climb further near term and potentially challenge the annual peak of ?,?1,275 per tonne on tight supply both in Europe and non-EU countries and a gradual recovery in consumption, industry sources said.Fastmarkets last assessed the price for ferro-silicon lumpy basis 75% Si (scale pro rata), delivered Europe at ?,?1,12...Read More