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CHINA HRC: Domestic prices rise after futures rally

June 26, 2021 / www.metalbulletin.com

China's domestic hot-rolled coil prices pushed up on Friday June 25, after futures prices increased following talks of production curbs on steel mills in the Tangshan steelmaking hub in northern China.DomesticEastern China (Shanghai): 5,380-5,450 yuan ($833-844) per tonne, up by 80-90 yuan per tonne. Northern China (Tangshan): weekly assessment: 5,280-5,330 yuan ($818-826) per tonne, down by 150-1...Read More

CHINA REBAR: Prices under pressure of weakening demand

June 26, 2021 / www.metalbulletin.com

China's domestic rebar prices rose for a second day on Friday June 25 on rising futures, though market participants expect the market to weaken next week as a result of softening demand.DomesticEastern China (Shanghai): 4,840-4,870 yuan ($747-752) per tonne, up by 20 yuan per tonneNorthern China (Beijing) weekly assessment: 4,750-4,800 yuan per tonne, down by 170-180 yuan per tonneRebar futures st...Read More

MORNING VIEW: Base metals firmer in Shanghai, mixed in London

June 26, 2021 / www.metalbulletin.com

While copper and tin prices are showing some hesitancy on the London Metal Exchange, most of the other base metals are looking robust this morning, Friday June 25, and all the base metals in Shanghai are upbeat too.United States President Joe Biden agrees a $1 trillion infrastructure deal......which should be good for metals because it focuses on upgrading roads, bridges and broadband networksBase...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 25/06: Tight chromium supply drives up prices

June 26, 2021 / www.metalbulletin.com

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Fleur Ritzema, Cristina Belda...Read More

Trader buying, consumer restocking drive cobalt price momentum

June 26, 2021 / www.metalbulletin.com

The standard grade cobalt metal price rally continued through to the final assessment of the week on Friday June 25, pushed higher by a mix of consumer and trader buying. Units are in strong hands and traders are aggressive with offers, often looking to hit above the range for any inquiries of 10 tonnes or more. The number of inquiries is consistent and traders continue to pick up units - helping...Read More

AEROSPACE MATERIALS MARKET REPORT 25/06: Vanadium pentoxide prices jump in China on tighter supply, slag shortage

June 26, 2021 / www.metalbulletin.com

An overview of the aerospace materials markets and the latest price moves.Read More

ENERGY TRANSITION: China to promote rooftop distributed solar photovoltaics

June 26, 2021 / www.metalbulletin.com

China plans to carry out a pilot program to develop rooftop distributed solar photovoltaics (PVs) across the country, according to a notice issued recently by the nation's National Energy Administration (NEA).Metal market participants were bullish about the long-term development of solar energy in China. They said that such a policy would benefit solar energy-related markets such as tellurium and...Read More

PRICING NOTICE: Correction to Fastmarkets' germanium dioxide, in-whs China

June 26, 2021 / www.metalbulletin.com

Fastmarkets has corrected its germanium dioxide, in-whs China, $/kg, which was published incorrectly on Friday June 25 due to a reporting error.Fastmarkets' weekly price assessment for germanium dioxide, in-whs China, $/kg (MB-GER-0003) was originally published at $720-1,200 per tonne on June 25, when it should have been $720-825 per tonne.Fastmarkets' pricing database, MInD, has been updated to r...Read More

Trade log: Cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end)

June 26, 2021 / www.metalbulletin.com

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 transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt hydroxide p...Read More

Trade log: Cobalt alloy grade, in-whs Rotterdam, $/lb

June 26, 2021 / www.metalbulletin.com

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 assessed Cobalt alloy grade,...Read More

FOCUS: European buyers lambast steel safeguard extension

June 26, 2021 / www.metalbulletin.com

European buyers of imported steel products are shocked by the extension of existing safeguard measures for another three years at a time when most of the industry's segments are struggling from material shortage and, consequently, high prices. European Union member states voted in the week ended June 18 in favor of a proposed extension of these measures for three years beyond their scheduled...Read More

EUROPE ALLOY STEEL SCRAP: Prices up on nickel costs, producers push for greater discounts

June 26, 2021 / www.metalbulletin.com

The price of austenitic stainless steel scrap in Europe and the United Kingdom moved up this week on higher nickel costs, Fastmarkets heard on Friday June 25.Fastmarkets' weekly price assessment for stainless steel scrap 18/8 solids import, cif main European port was ?,?1,440-1,470 ($1,718-1,754) per tonne on Friday, up by ?,?20-30 per tonne week on week. The three month London Metal Exchange pric...Read More

DAILY STEEL SCRAP: Turkish producers end week with a single deep-sea deal

June 26, 2021 / www.metalbulletin.com

Turkish steel mills ended the working week with a single deep-sea cargo amid limited rebar demand, especially in the export markets, sources told Fastmarkets on Friday June 25.A steel mill in the Izmir region booked a United States-origin cargo comprising 10,000 tonnes of heavy melting scrap 1&2 (80:20) at $499 per tonne, 16,000 tonnes of shredded and 2,000 tonnes of bonus at $519 per tonne cfr on...Read More

SSS 2021: Customer requirements, financing key drivers of decarbonization - panel

June 26, 2021 / www.metalbulletin.com

Customer requirements and financing will shape the decarbonization of the steel industry, panelists said at Fastmarkets' 2021 Steel Success Strategies Industry Briefing earlier this week.The steel industry is not shaping decarbonization - instead, external forces are driving it, McKinsey & Co partner Benedikt Zeumer said on Tuesday June 24."Customer requirements will bolster industry to reduce the...Read More

BANGLADESH STEEL SCRAP: Competitive bulk prices lead to spate of deals

June 26, 2021 / www.metalbulletin.com

Steelmakers in Bangladesh piled into the deep-sea bulk import market during the week to Thursday June 24, picking up several cargoes at slightly lower prices, sources told Fastmarkets.The rush for bulk material comes after certain mills picked up large tonnages of containerized scrap in recent weeks amid high capacity utilization rates in the country at major producers.With containerized scrap pri...Read More

CIS STEEL BILLET: Market quiet, price rise expected; Russia mulls export tax

June 26, 2021 / www.metalbulletin.com

The Commonwealth of Independent States (CIS) export billet market turned quiet at the end of the week to June 25 following news of the Russian government's plan to impose temporary export duties on ferrous and non-ferrous metals sold outside the Eurasian Economic Union (EAEU) from August 1, Fastmarkets heard.Billet is one of the products that will be affected if the government imposes the duties.T...Read More

KPMG audit reveals 'issues' with Petropavlovsk transactions

June 25, 2021 / bit.ly

Issues include likely conflicts of interest, says auditor KPMGRead full newsRead More

After a 27% shares slump...what next for Yamana Gold?

June 25, 2021 / bit.ly

Spoiler alert: there's a read-across for others in the sectorRead full newsRead More

Analysts Look at Benefits of Buying Gold Stocks Or Physical Gold

June 25, 2021 / dlvr.it

PALM BEACH, Fla., June 23, 2021 /PRNewswire via COMTEX/ --PALM BEACH, Fla., June 23, 2021 /PRNewswire/ -- According to some gold professionals there are...Read full newsRead More

Harte Gold Reports COVID-19 Workplace Transmission at the Sugar Zone Mine

June 25, 2021 / dlvr.it

TORONTO, June 22, 2021 /CNW/ - HARTE GOLD CORP. ('Harte Gold' or the 'Company') (TSX: HRT) (OTC: HRTFF) (Frankfurt: H4O) announced today its first...Read full newsRead More

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