The latest forecasts from Fastmarkets' team of analysts are ready to view.United States sheet prices hit record highs again in May, with upward momentum carrying into June. Actual US HRC prices averaged $1,712 per tonne in May, largely in line with our forecast of $1,698 per tonne. Strong underlying supply-and-demand conditions both in the US and globally are supporting prices as well as long lead...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Global welded pipe prices surged in May as strong demand and still-insufficient supply lifted flat steel prices.The biggest jumps were seen in China, which was hit by the unexpected announcement of the elimination of export rebates on welded pipes in April. Chinese seaborne prices reached $1,570 per tonne fob for longitudina...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Bulk ferro-alloy prices have shown impressive gains again this month, with ferro-silicon, silicon metal and manganese alloy prices all making significant increases. Noble alloy markets also enjoyed upward momentum, with both vanadium and molybdenum prices rising sharply.Recovering demand from steelmakers globally, together w...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR? Impressive advances in ore and alloy prices persisted in March, with most markets posting significant price gains. Strengthening demand from steelmakers along with supply shortages and depleted inventories in numerous markets, as well as freight and transportation...Read More
Inner Mongolia, China's ferro-chrome production heartland, has imposed restrictions on its metallurgical sector in a move that has fueled the high-carbon ferro-chrome markets in China and Europe, and although this may ease off, the gains were unlikely to be lost while alloy ramp-ups continue, sources have told Fastmarkets.The decision to restrict energy consumption in Inner Mongolia since December...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:?EUR?In a strong start to the year, January saw ore and alloy pricing gains across all markets priced by Fastmarkets - with the exception of Chinese silicon metal export prices, which retreated slightly last month after posting impressive gains in December 2020.The combination...Read More
The latest forecasts and analysis of the ferrous scrap and iron metallics market from the Fastmarkets research team are ready to be viewed.Stifled automotive output this year, driven by a supply shortage of semiconductor chips used in vehicles, has tightened prime scrap availability and widened the spreads between this grade of steelmaking raw material and obsolete scrap.While wide prime-over-obso...Read More
Stainless steel prices continue to register new highs around the end of the first half of 2021 and steelmakers continue to enjoy outsized margins.They have responded in recent months by increasing their output, which has now pushed above pre-pandemic levels and will eventually restore balance to the market.For now, though, supply gaps are still being filled and buyers find themselves competing aga...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Recent weeks have brought two key developments with regard to trade policy on stainless steel products that will be to the detriment of consumers.In China, the country's stainless steelmakers no longer enjoy a 13% export rebate as of May 1, reducing greatly their incentive to export and instead leading them to focus on supply...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices and margins for stainless steel producers have risen notably over the past few months in both Europe and the United States, but there are now signs that the rally is petering out.A clear reason for the halt to rising prices comes from the near 20% drop in nickel prices seen in late February/early March,...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.With nickel prices down by almost 20% over the space of around ten days during late February and early March, one might have been expecting us to be reporting sharply-lower prices of stainless steel, at least for the most common nickel-containing grades of stainless steel.This is not the case, at least in Europe and the Unite...Read More
TORTOLA, British Virgin Islands, July 14, 2021 /CNW/ - Sailfish Royalty Corp. (TSXV: FISH) (OTCQX: SROYF) (the 'Company' or 'Sailfish') is pleased...Read full newsRead More
Kirkland Lake Gold (TSX:KL)(NYSE:KL) owns valuable assets, as well as two high-grade, low-cost underground operations. These include the Macassa mine complex located in northeastern Ontario, the Fosterville gold mine located in the State of Victoria, Australia, as well as the Detour Lake mine, a large-scale open-pit mining operation located in northern Ontario.Quality and low-cost gold productionT...Read More
Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.The flooding caused by torrential rains that have battered central...Read More
Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.The flooding caused by torrential rains that have battered central...Read More
We learned from Vincent Mascolo, Managing Director and CEO of IronRidge Resources Limited (AIM: IRR), an African focused lithium exploration company, that they have entered into a conditional binding agreement, with Piedmont Lithium to fully fund and fast track the Ewoyaa Lithium Project, part of IronRidge's Ghanaian Cape Coast Lithium Portfolio, to production. Piedmont, a Nasdaq listed lithium ex...Read More
Here are five Fastmarkets stories you might have missed on Friday July 23 that are worth another look.Slab export prices from Brazil have edged down, with most market participants remaining cautious and holding onto their inventory positions.The flooding caused by torrential rains that have battered central...Read More
Martin Armstrong thinks we have come to the end of the line for the financial system, and this is why globalists are on a power grab of epic proportions. Armstrong explains, "The system has come to an end. They know they can no longer borrow indefinitely. So, what is this "Great Reset'? It is basically a move to redesign the world monetary system. They are going to stop the borrowing that they are...Read More
Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financial markets, and greater economic trends.Read More
Aaron talks about how the S&P 500 (SPY) is having problems rising more with the pop in the VIX earlier this week and then the Dollar Index (DXY) rallying. Aaron thinks oil prices are taking a break from rising (China has cut imports from Saudi Arabia enormously according to new data out this week). Follow Aaron Basile: Twitter: https://twitter.com/aaronbasileYouTube: https://www.youtube.com/user/a...Read More