Popular News

SOUTHERN EUROPE WIRE ROD: Buyers resist higher prices from Italian mills

January 28, 2021 / www.metalbulletin.com

The domestic market for steel mesh-quality wire rod in Southern Europe moved up in the week to Wednesday January 27 on bullish offers from mills, but buying activity has slowed because of the scrap market downturn, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?650-680 ($789-826) per tonne on Wednesd...Read More

NORTHERN EUROPE WIRE ROD: Prices firm on tight supply

January 28, 2021 / www.metalbulletin.com

Stability in the domestic market for steel mesh-quality wire rod in Northern Europe has continued in the week to Wednesday January 27, with prices being supported by tight availability and good order books at mills, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, remained at ?,?670-700 ($814-850) per tonne o...Read More

NORTHERN EUROPE REBAR: Prices hold despite slow buying; recent scrap decline clouds outlook

January 28, 2021 / www.metalbulletin.com

Domestic steel rebar prices in Northern Europe were broadly stable in the week to Wednesday January 27 despite slower buying activity, while market participants are cautious of the future trend and expect a downward correction on weaker scrap, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was at ?,?650-670...Read More

Iranian semi-finished steel prices follow global downtrend

January 28, 2021 / www.metalbulletin.com

Export prices for steel billet and slab from Iran continued to decrease in the week ended Wednesday January 27, following the global downtrend.Fresh billet contracts were signed within the range of $532-540 per tonne fob southern ports of Iran, against $549-565 per tonne fob a week earlier.One of the country's major billet exporters sold 30,000 tonnes to the Gulf Cooperation Council (GCC) region a...Read More

Tech Talk for Wednesday January 27th 2021

January 27, 2021 / www.timingthemarket.ca

Starbucks (SBUX), a Dow Jones Industrial Average stock moved below support at $100.02 after releasing lower than consensus U.S. comps. Sirius (SIRI), a NASDAQ 100 stock moved above $6.70, $6.72, $7.33 and $7.52 to an all-time high extending an intermediate uptrend.Trip.com (TCOM), a NASDAQ 100 stock moved below $31.19 extending an intermediate downtrend. American Express (AXP), a Dow Jones Industr...Read More

US stainless scrap price uptrend slows

January 28, 2021 / www.metalbulletin.com

The stainless steel scrap market in the United States seems to have finally hit a cooling-off period; prices have slowed their upward movement amid expectations that the ferrous scrap market will fall in February while the London Metal Exchange nickel cash contract has held above the $8-per-lb mark."A lot of scrap has come out of the woodwork in the last three weeks," one processor said."It's star...Read More

DAILY STEEL SCRAP: Fresh UK deal sends prices down by more than $21 per tonne

January 28, 2021 / www.metalbulletin.com

Turkish steel scrap prices fell sharply again as expected on Wednesday January 27, after a newbooking from the UK, sources told Fastmarkets.A steel mill in the Izmir region booked a UK cargo, comprising 9,500 tonnes of HMS 1&2 (80:20) at $408 per tonne and 14,000 tonnes of shredded at $419 per tonne cfr late on Tuesday January 26.The most recent previous booking to Turkey was from the Ba...Read More

AT A GLANCE: MMK responds to improved steel demand with 15% higher output in Q4

January 28, 2021 / www.metalbulletin.com

A summary of the operational results for Russia's Magnitogorsk Iron & Steel Works (MMK), for the fourth quarter of 2020. In brief  MMK attributed a 14.9% quarterly increase in steel output to the launch of the company's hot-rolling Mill-2500 project in July. The mill was stopped for scheduled reconstruction in March, which took until the end of the second quarter. The company said there was s...Read More

IRON ORE DAILY: Seaborne iron ore prices broadly up on firmer prices in steel segment

January 28, 2021 / www.metalbulletin.com

Sentiment in the seaborne iron ore market improved on Wednesday January 27 because of an uptick in prices for steel products, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $166.59 per tonne, up $1.52 per tonne 62% Fe low-alumina fines, cfr Qingdao: $166.65 per tonne, up $0.46 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $152.22 per tonne, down $0.92 p...Read More

COKING COAL DAILY: Premium fob price jumps; likely weather related

January 28, 2021 / www.metalbulletin.com

The seaborne premium coking coal fob price jumped on Wednesday January 27 following two transactions done at over $150 per tonne fob Australia due to weather concerns, market sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $155.10 per tonne, up $4.89 per tonnePremium hard coking coal, cfr Jingtang: $217.24 per tonne, up $0.08 per tonneHard coking coal, fob DBCT: $124.74 per ton...Read More

U.S. Gold Corp. Issues CEO Update on Project Advancements

January 27, 2021 / www.usgoldcorp.gold

ELKO, Nev., Jan. 27, 2021 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company"), a gold exploration and development company, today announced that it has issued a CEO update outlining the Company's recent and expected milestones, as it continues to advance its assets and mining projects. Highlights include:Update on 2020 field activities at the CK Gold Project in Wyoming Announcement of...Read More

China looks to US for next scrap cargoes amid resumption of imports

January 28, 2021 / www.metalbulletin.com

US steel scrap sellers have been locked in negotiations for sales to China this week amid a continued drop in global prices, industry sources told Fastmarkets. At least three major scrapyards in the US have been offering bulk shredded and plate & structural (P&S) scrap to China in the spot market this week, sources said. A US trading source told Fastmarkets that Chinese traders have been asking fo...Read More

FOCUS: China's steel scrap imports unlikely to fill demand gap in 2021

January 28, 2021 / www.metalbulletin.com

Chinese demand for ferrous scrap is rising and imports are unlikely to meet the supply shortage in 2021, market participants told Fastmarkets this week. Sources say China could import up to 10 million tonnes of scrap in 2021 if prices are favorable. Overseas scrap prices had increased gradually to overtake China's domestic prices in the last quarter of 2020 due to sharply rising demand and short s...Read More

China taps another 101 ferrous scrap processors to boost domestic supply

January 28, 2021 / www.metalbulletin.com

China's Ministry of Industry & Information Technology (MIIT) last week approved an eighth batch of 101 ferrous scrap processing centers to boost domestic supply of the steelmaking raw material.The addition takes the total number of companies that are permitted to supply...Read More

CHINA REBAR: Futures rise after MIIT announces measures to cut output

January 28, 2021 / www.metalbulletin.com

China's domestic rebar prices rose on Wednesday January 27 on rising futures following news that the Ministry of Industry & Information Technology would require mills to cut their crude steel output in 2021.DomesticEastern China (Shanghai): 4,280-4,310 yuan ($661-666) per tonne, up by 20 yuan per tonne The news coupled with the fact that a few mills already cutting production on their own accord d...Read More

MORNING VIEW: Base metals prices more negative than positive - waiting for fresh direction

January 28, 2021 / www.metalbulletin.com

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part weaker while the market waits for direction from the US Federal Reserve when the Federal Open Market Committee (FOMC) concludes its meeting this evening. Zinc prices extend lower after Tuesday's rise in LME stocks Base metals Three-month base metals prices on the LME were mostly down this morning;...Read More

CONSUMER ELECTRONICS MARKET REPORT 27/01: Gallium continues rally on limited availability

January 28, 2021 / www.metalbulletin.com

An overview of the consumer electronics markets and their latest price moves.Ewa Manthey, Dalila Ouerghi and...Read More

TITANIUM SNAPSHOT: Europe markets consolidate gains on exports, supply tightness

January 28, 2021 / www.metalbulletin.com

Key data from Fastmarkets' pricing session in Europe on Wednesday January 27.Key drivers European titanium scrap markets were steady over the past week, consolidating strong gains from the week before, with ferro-titanium producers competing for tight feedstock supplies. Vacuum-grade and sponge are also being sought at elevated prices due to low supplies of scrap turnings and solids. Scrap pr...Read More

SPECIALTY STEEL RAW MATERIALS MARKET REPORT 27/01: Profit-taking puts pressure on manganese flake price; spot market active

January 28, 2021 / www.metalbulletin.com

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

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

January 28, 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...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok