At the dawn of the first tech boom in the early 1990s, few people truly understood what the internet actually was.But that didn't stop scores of institutional and retail investors alike from pouring billions into internet-related stocks. Over the course of the next decade - as we moved from dial-up modems and America Online to wireless connections and Facebook Messenger - many of those early inves...Read More
Some flat steel prices in Turkey fell in the week to Friday, September 3, with demand starting to improve on buyer restocking activity, sources told Fastmarkets.But while some market participants said they now expect prices to fall further because of the global price downturn, others said prices were likely to remain stable because of the improvement in demand.Prices in the Commonwealth of Indepen...Read More
The European steel hot-rolled coil market was quiet and lacking in direction on Friday September 3, with buyers and mills split on the future trend of prices, Fastmarkets heard.Producers in Northern Europe and Italy said they were sold out until the end of 2021, with some even booked for the first quarter of 2022, so are in no rush to reduce prices. In addition, if the European Union and the Unit...Read More
Spot prices for hot-rolled coil in China's domestic market rose on Friday September 3 after supply concerns emerged following a series of mill announcements of maintenance plans for September, the traditional high season, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,760-5,800 yuan ($892-898) per tonne, up by 90-110 yuan per tonneNorthern China (Tangshan): weekly assessment: 5,720-5...Read More
The United States' steel import licenses dropped month on month but soared year on year in August, according to government figures.The US was licensed to import 2.30 million tonnes of steel in August, according to data from the US International Trade Administration's steel import monitoring system collected through Wednesday September 1. That was down by 17.86% from the preliminary US Census impor...Read More
Turkish prices for exports of reinforcing bar have continued to fall over the past week amid sluggish demand, and a continuing softening of import scrap costs, market participants told Fastmarkets on Thursday September 2.Rebar offers varied mainly within the range of $670-675 per tonne fob, stable week on week but with a few offers heard above and below this level.Buying activity remained silent,...Read More
Domestic steel rebar prices in Poland were broadly stable during the week to Friday September 3, with most producers sold out for September rolling due to good end-sector demand, sources told Fastmarkets.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, exw was at 4,000-4,100 zloty ($1,051-1,077) per tonne on Friday, widening downward by 50 zloty from 4,050-4,100 zloty per...Read More
Prices in the Commonwealth of Independent States' pig iron export market fell during the week to Thursday September 2 on bearish buyers in all outlets.Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS at $490-505 per tonne on Thursday, down from $510-520 per tonne the previous week."Activity has appeared in China, that will stimulate sales in all othe...Read More
The market for pig iron imports in the United States went down during the week to Friday September 3 on active bookings at lower prices.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $530-535 per tonne on Friday, down from $545-550 per tonne cfr a week before.Russia-origin pig iron was booked at $530-535...Read More
Domestic prices for alloy steel scrap in the UK increased in the week to Friday September 3 due to good demand combined with tight supply, sources have told Fastmarkets.UK sellers of alloy scrap have been benefiting from both good domestic demand and strong demand and higher prices in India and the EU. As a result, UK buyers...Read More
Billet prices in Turkey decreased in the week to Friday September 3 amid weak market fundamentals including limited demand, falling import scrap costs and lower finished long steel prices both domestically and in export markets, sources told Fastmarkets.Fastmarkets' calculation of the index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was $441.74 per tonne on Tuesday,...Read More
China's domestic rebar prices maintained the upward trend on Friday September 3, with demand picking up ahead of the weekend.DomesticEastern China (Shanghai): 5,270-5,300 yuan ($816-820) per tonne, up by 50-60 yuan per tonneNorthern China (Beijing) weekly assessment: 5,140-5,170 yuan per tonne, up by 120-130 yuan per tonneBuyers raised procurement rates for consumption in the coming weekend, pushi...Read More
In a recent broadcast, technical advisor Quinton Hennigh provided updates on three exploration companies with recent news and covered a few other exploration stories, all in Crescat Capital's mining exploration portfolio. Quinton Hennigh discussed three companies and their new drill results.Snowline Gold Corp. (SGD:CSE: SNWGF:OTCQB)In an exciting update, Snowline discovered a high-grade epizo...Read More
The domestic price of flat-rolled stainless steel in Northern Europe increased further in the week ended Friday September 3, supported by continued supply tightness, sources told Fastmarkets.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe was ?,?4,000-4,200 ($4,742-4,979) per tonne on September 3, up by ?...Read More
"Supply and demand" does not always determine the price trend of crude oil As you probably know, Hurricane Ida hit Louisiana on August 29, the exact date that Hurricane Katrina made a Louisiana landfall sixteen years earlier.On August 30, the Wall Street Journal said:Oil Industry Surveys Damage After Hurricane Ida Slams LouisianaThe storm disrupted fuel supplies, and the speed of the recovery will...Read More
The anticipated agreement between the European Union and the United States on Section 232 tariffs would boost flat-steel export sales to the US and, consequently, reduce domestic EU availability, triggering a price rise in Europe, European buyers told Fastmarkets.The US and EU will reach an agreement on the exemption from Section 232 of European imports of steel and aluminium by November 1. The US...Read More
Turkish prices for flat steel products kept decreasing during August because of the holiday season and a global downtrend in prices, sources told Fastmarkets on Thursday September 2.Iron ore prices in particular decreased significantly in August, leading to price falls for steel end products. Fastmarkets' daily calculation of the index for iron ore 62% Fe fines, cfr Qingdao was $142.02 per tonne o...Read More
The supervisory board of Thyssenkrupp Steel Europe has extended Bernhard Osburg's contract as chairman for another five years to June 30, 2027, the company said earlier this week.Osburg has been chairman of the executive board since March 2020, succeeding Premal Desai. He has been a member of the executive board since June 2019 with a focus on sales and innovation.In a meeting on August 31,...Read More
Some flat steel prices in Turkey fell in the week to Friday, September 3, with demand starting to improve on buyer restocking activity, sources told Fastmarkets.But while some market participants said they now expect prices to fall further because of the global price downturn, others said prices were likely to remain stable because of the improvement in demand.Prices in the Commonwealth of Indepen...Read More
Prices in the Commonwealth of Independent States' pig iron export market fell during the week to Thursday September 2 on bearish buyers in all outlets.Fastmarkets assessed the price for high-manganese pig iron, export, fob main port Black Sea, CIS at $490-505 per tonne on Thursday, down from $510-520 per tonne the previous week."Activity has appeared in China, that will stimulate sales in all othe...Read More