China's hot-rolled coil prices bounced back on Monday April 15, with domestic gains continuing to encourage steelmakers to raise their export offers.DomesticEastern China (Shanghai): 4,000-4,020 yuan ($597-600) per tonne, up 30-40 yuan per tonneNorthern China (Tianjin): 3,930-3,950 yuan per tonne, up 10-20 yuan per tonnePrices in Shanghai rose significantly during the day, with most transactions t...Read More
Egypt has imposed a temporary additional duty on imports of rebar and billet, effective from Monday April 15. The duty is 25% for rebar imports, and between 3% and 15% for billet imports. The duty for billet is as follows: If the cost, insurance and freight (cif) price is below $450 per tonne, the safeguard duty will be the maximum 15%. If the cif price is between $450 and below $470 per tonne, th...Read More
Vietnamese buyers of HRC booked at least two cargoes of imports over the past week while waiting for a major mill in the Southeast Asian country to issue its offers for materials shipped and delivered in June.Market sources widely expect Formosa Ha Tinh Steel Corp to raise its offers due to recent price increases for iron ore.Of the two transactions, one consisted of a 10,000-20,000-tonne cargo fr...Read More
Buyers in Singapore's spot rebar market are finding Turkish materials the most economical at the moment, sources told Fastmarkets MB.A major steel producer in Turkey sold a 50,000-tonne cargo, which consisted of 35,000 tonnes of rebar and 15,000 tonnes of coiled debar - to Singapore last week. Fastmarkets MB's import price assessment for rebar in Southeast Asia - which mainly looks at cargoes of t...Read More
China's rebar prices rebounded on Monday April 15 after market participants' outlook for demand in the next few months improved following the release of the latest data from the property sector. Domestic Eastern China (Shanghai): 4,060-4,110 yuan ($606-613) per tonne, up 40 yuan per tonneNorthern China (Beijing): 4,000-4,030 yuan per tonne, up 30-40 yuan per tonneThe housing market in first-tier C...Read More
Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More
There were six key points for delegates of the minor metals community to take away from a busy week of meetings in Edinburgh, Scotland, for the Minor Metals Trade Association (MMTA) Conference on April 9-11.1. Sentiment in minor metals remains gloomy...While global uncertainty and oversupply continued to weigh on minor metals price sentiment in 2019, with prices for some materials at multi-year lo...Read More
Turkish steel mills had a quiet start to the week in the deep-sea scrap markets, but market participants are expecting more bookings for May deliveries, sources said on Monday April 15.There were no new deep-sea transactions done on Monday, but mills continued to negotiate on May cargoes for lower prices, Fastmarkets heard. Some traders reported that mills were bidding for US-origin HMS 1&2 (80:20...Read More
Turkish domestic auto bundle scrap prices have increased over the past week, while domestic ship scrap prices moved downwards on a weak lira, sources said on Monday April 15.Fastmarkets' weekly price assessment for domestic auto bundle (DKP-grade) scrap in Turkey was TRY1,730-1,870 ($300-325) per tonne delivered on Monday, compared with TRY1,695-1,870 per tonne last week. The slight change in the...Read More
Domestic prices for ferrous scrap in Italy have decreased over the past month, sources told Fastmarkets on Monday April 15.The monthly price assessment for Italian grade-E3 scrap was ?,?260-275 ($294-311) per tonne delivered on April 15, compared with ?,?270-285 per tonne delivered in the previous month.The reasons behind the decrease were slower scrap buying activity by Italian mills, lack of dem...Read More
Seaborne iron ore prices went through corrections on Monday April 15, while prices for high-grade products remained robust, Fastmarkets has heard.MB 62% Fe Iron Ore Index: $95.42 per tonne cfr Qingdao, down by $1.05 per tonne.MB 62% Fe Pilbara Blend Fines Index: $94.20 per tonne cfr Qingdao, down by $1.54 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $98.57 per tonne cfr Qingdao, up by $0.25 per...Read More
The cfr China low-vol pulverized coal injection (PCI) segment of the seaborne coking coal market picked up some strength on Monday April 15 after an end user with an urgent need of materials paid a slightly higher-than-expected price for a cargo.A shipment of second-tier PCI that is on its way to China was heard to have been sold to the mill in southern China at $132.50 per tonne cfr China.Market...Read More
The transaction prices and volumes of seaborne iron ore pellets and concentrate picked up in the week to Friday April 12 due to recovering demand for high-grade materials from Chinese steelmakers.PelletsFastmarkets' weekly MB 65% Fe Blast Furnace Pellet index was at $127.50 per tonne cfr China on Friday, up by $1.37 per tonne from a week earlier.While an unspecified brand of 64% Fe Indian pellet w...Read More
German steelmakers have settled monthly scrap contracts for April at largely stable prices, sources told Fastmarkets.Fastmarkets' monthly price assessment for domestic grade E3 scrap in Germany was ?,?265-285 ($299-322) per tonne delivered on April 12, unchanged over the month. The assessment represents deals heard in the market. The negative impact from the decrease in international scr...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixThe company had reported the action in February and yesterday said Apri...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixJiulian reported a 541m intercept from 6m grading 0.41g/t gold-equivale...Read More
Base metals prices on the London Metal Exchange consolidated during morning trading on Monday April 15, with prices broadly rangebound amid low volumes while a price difference of nearly $1,000 per tonne continues to separate zinc and lead futures. Three-month copper continues to trade just below $6,500 per tonne after climbing by just under 2% last week. The red metal's on-warrant stock levels re...Read More
Eastern promise for PolarXSPONSOREDpolarxBHP has agreed to subscribe for 3.44 million Midland units at C$1.70 for total investment of $5.85 million. Each unit comprises a common share and purchase warrant entitling the holder to buy another share at $2.05 for 18 months.The investment gives BHP a 5% stake in the company.Eastern promise for PolarXSPONSOREDpolarx"This investment will provide Midland...Read More
Sales and exports of cobalt hydroxide produced at Glencore's Katanga Mining in the Democratic Republic of Congo have restarted at a limited rate. About 930 tonnes of contained cobalt that has been processed to comply with regulations on uranium levels have been produced since January 2019 - about 22.5% of the mines production since the beginning of the year, Katanga Mining said on Monday April 15....Read More
One concern at this year's Minor Metals Trade Association (MMTA) conference overshadowed all other bearish factors affecting minor metals prices this year: the potential release of metal stocks held by the failed Fanya Metal Exchange. While global uncertainty and oversupply continue to weigh on minor metals price sentiment in 2019, as expected, most delegates on the sidelines of the conference in...Read More