Domestic transaction prices for hot-rolled coil increased slightly in Northern Europe day on day Thursday December 17 due to a shortage of material in the market that allowed steelmakers to push offers up further. Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?647.92 ($788.95) per tonne on Thursday December 17, up by ?,?1.92 per tonne day on...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 private Denver, Colorado-based concern GRG International Corp reported this week it had completed the sale of 187 minin...Read More

Offers for billet exports from the Commonwealth of Independent States are being held at high levels this week amid a surge in scrap prices and long steel prices in Turkey.But with buyers largely quiet, the gap between offers and bids remains wide, market participants told Fastmarkets on Thursday December 17.Producers from Russia were heard offering billet at $580-600 per tonne fob this week.At the...Read More

Turkish billet prices have continued to increase over the past week with the support of improving scrap costs, sources said on Thursday December 17. Offer prices for steel billet originating in the Commonwealth of Independent States (CIS) continued to move up for Turkish customers due to surging scrap costs and tight supply. Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North...Read More

Usiminas increased its output and domestic sales volumes over the past 45 days from first-quarter and 2019 volumes, the Brazil-based flat steel producer said in a filing to Brazilian securities and exchange commission CVM.It produced 533,000 tonnes of rolled steel between November 1 and December 15, or around 11,800 tonnes per day, up by 0.2% from the daily average in January-March this year and b...Read More

Turkish steel mills continued to accept higher prices for deep-sea scrap cargoes on Thursday December 17 due to limited supply of the material, with prices rising by more than $7.50 per tonne day on day.A steel mill in the Marmara region booked a Baltic Sea cargo, which originated from St Petersburg, priced at $444 per tonne for an 80:20 mix of No1 and No2 heavy melting scrap and at $454 per tonne...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.The bullish price run in the iron ore market continued for a sixth week in a row with the 62% Fe benchmark soaring to a near eight-year high. Looking ahead, iron ore demand in 2021 is projected to be stronger than initially expected earlier in the year. We not only anticipate continued demand growth in China, but a recovery...Read More

Seaborne iron ore prices increased on Thursday December 17, amid rising concerns over limited supplies and low steel inventories, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $158.49 per tonne, up $2.04 per tonne62% Fe low-alumina fines, cfr Qingdao: $158.89 per tonne, up $2.18 per tonne58% Fe fines high-grade premium, cfr Qingdao: $147.10 per tonne, u...Read More

Fastmarkets' premium hard coking coal cfr index jumped by more than $5 per tonne on Thursday December 17, while the fob price stayed flat due to no transactions being reported.Fastmarkets indicesPremium hard coking coal, fob DBCT: $101.46 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $188.42 per tonne, up $5.78 per tonneHard coking coal, fob DBCT: $93.56 per tonne, unc...Read More

China is to classify ship scrap as a steelmaking raw material, with no need for industry participants to apply for solid waste licenses. There has previously been no classification for ship scrap originating from Chinese shipyards.The Ministry of Ecology and Environment of the People's Republic of China said this week that all steel scrap generated from the domestic repair and refitting of foreign...Read More

China's raw materials policies - including the ban of coking coal imports from Australia and the new recycled raw materials classification - will likely be among the key drivers of the global ferrous markets in 2021, market sources told Fastmarkets. Uncertainty over import policies caused by geopolitical tensions and supply have resulted in shifts in the consumption patterns of steelmaking raw mat...Read More

Silver ETN (SLV) moved above $23.96 resuming an intermediate uptrend.Silver stocks are responding to higher silver prices. First Majestic Silver moved above US$12.21 and Cdn$15.90 resuming an intermediate uptrend.Travelers (TRV), a Dow Jones Industrial Average stock moved above $138.11 extending an intermediate uptrend.Accenture (ACN), an S&P 100 stock moved above $253.93 to an all-time high e...Read More

China's domestic rebar market maintained its upward momentum on Thursday December 17, supporting export prices that are still lower than those for products originating in other regions.DomesticEastern China (Shanghai): 4,210 -4,240 yuan ($645-649) per tonne, up by 50 yuan per tonneSteady purchasing rates among end users and active selling among stockists resulted in rebar inventories falling over...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

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,...Read More

Cobalt metal prices nudged higher during the first half of the week amid a slight improvement in spot inquiries but limited visibility on metal demand for 2021 is keeping the lid on more substantial gains, sources told Fastmarkets on December 16.Fastmarkets' price assessments for cobalt standard grade, in-whs Rotterdam and cobalt alloy grade, in-whs Rotterdam remained trading at parity and moved t...Read More

The spot cobalt sulfate price in the domestic Chinese market continued on its uptrend midweek after suppliers either held offers firm or held out for sales in expectation of extensive restocking in January, sources told Fastmarkets on December 17.Fastmarkets' cobalt sulfate 20.5% Co basis, exw China rose to 54,000-55,000 yuan ($8,269-8,422) per tonne on Wednesday December 16, up 0.5% from 54,000-5...Read More

Chinese stainless steel producer Delong Nickel Industry plans to increase its stainless crude steel capacity by 6 million tonnes per year by the end of 2021, local media reported on Wednesday December 17. The expansion will bring the company's capacity to over 8 million tpy. Location: Liyang city,...Read More

China's stainless steel prices increased sharply in both the domestic and export markets over the week ended Wednesday December 17 on nickel gains, but the increases led buyers to scale down their procurement rates.The three-month nickel contract on the London Metal Exchange ended Wednesday's official session at $17,429 per tonne, up by $910 per tonne from $16,519 per tonne a week earlier.Domestic...Read More

The European ferro-titanium price has jumped to a peak last seen in January 2013, with strong demand from consumers for prompt deliveries and into February combining with a shortage of scrap to push the markets higher. Fastmarkets assessed the price for ferro-titanium 70% Ti, max 4.5% Al, ddp Europe at $7.00-7.50 per kg on Wednesday December 16, an increase of more than 11% from $6.25-6.75 pe...Read More