Turkey's flat steel exports more than doubled year on year in September, up by 103.67%, with total exports in the year to the end of September up by morre than a quarter (27.88%), according to the Turkish Statistical Institute (TUIK). The increase in exports in September was due to the strong demand especially from Europe, market participants although the amount available for exports was boos...Read More

Key data from the Wednesday October 31 pricing session in Europe.Key driversTrades and assessments indicate the European ferro-titanium market continued the downtrend that began on September 12, when the market was assessed at $5.80-6.05 per kg. Ample supply of material, as well as traders looking to sell-off inventories before year-end were cited...Read More

The following Fastmarkets noble alloys and ores prices changed on Wednesday October 31:Noble alloysMolybdenum Europe drummed molybdic oxide, $/lb: $12.00-12.15 per lb from $12.00-12.20Ferro-molybdenum basis 65% min, in-warehouse Rotterdam, $/kg Mo: $28.80-29.30 per kg from...Read More

Stainless steel scrap prices have become fairly stable in the United States, but could show further weakening through year-end and likely into early next year."With all the tumultuous events of the past week, we can look to the stainless steel [scrap] market for some tranquility," one US scrap dealer said, referring to the turbulence caused by the shootings in a Pittsburgh synagogue over the weeke...Read More

The United States' bulk ferrous scrap export price continued to trek upward in a fresh cargo sale to Turkey, while a drop in flows forced East Coast exporters to reverse some recent dock buying price reductions. An East Coast cargo was sold to Turkey at $334 per tonne cfr for an 80:20 mix of No1 and No2 heavy melting scrap (HMS), $339 per tonne cfr for shredded scrap and $344 per tonne cfr for bon...Read More

CME Group's Midwest busheling futures contract continues to enjoy activity on a daily basis with a modest 12-lot sale conducted transacted on Tuesday October 30.Of that, four lots (80 gross tons) are set to expire in December, while the remaining eight lots will expire in January 2019, according to the...Read More

The Supreme Court of Queensland, Australia, has dismissed rail freight operator Aurizon's legal challenge to the Queensland Competition Authority's (QCA) draft decision to limit its potential revenues for the 2017-2021 period.The draft decision entailed limiting Aurizon's maximum allowable revenue to A$3.893 billion over the four-year period - A$1 billion below the company's project...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transactions: iron oreIron oreRio Tinto, Global Ore, 50,000 tonnes of 62.5% Fe Pilbara Blend lumps, sold at the November average of a 62% Fe index, adjusted for Fe content, plus a lump premium of $0.3390 per dry metric tonne unit, laycan November 15-24.Glob...Read More

Prices for iron ore fines weakened on Wednesday October 31 in a cautious market, while lump premiums traded higher.MB 62% Fe Iron Ore Index: $75.71 per tonne cfr Qingdao, down $1 per tonne. MB 62% Fe Pilbara Blend Fines Index: $74.74 per tonne cfr Qingdao, down $1 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $80.13 per tonne cfr Qingdao, down $0.04 per tonne. MB 58% Fe Premium Index: $67.42 pe...Read More

Chinese end users appear to still have interest for premium low-vol hard coking coal, with a cargo of such materials changing hands at a price above the previously traded level on Wednesday October 31.A trader source told Fastmarkets that the shipment was traded at just above last week's transaction price of $220 per tonne cfr China. But this deal aside, an air of caution continued to pervade in t...Read More

The latest metal markets news and price moves to start the North American day on Wednesday October 31.Base metals on the London Metal Exchange consolidated lower during morning trading on Wednesday October 31, with downward pressure emerging from broad corrections in key indices such as the S&P 500 and Dow Jones Industrial Average, while dollar strength continues to hamper investment.Here...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday October 31* Copper -$103.74 (-724.61 yuan) Aluminium -$436.45 (-3,048.53 yuan) Zinc -$47.26 (-330.08 yuan) Nickel $586.71 (4,098.08 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month prices at 3pm...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

The following Fastmarkets minor metals prices changed on Wednesday October 31:Minor metalsAntimony MB Chinese free market MMTA standard grade II, yuan/tonne: 50,500-51,000 yuan per tonne from 51,000-51,500 yuanBismuth MB free market, $/lb: $3.60-4.10 per lb from $3.80-4.30Cobalt MB China domestic, yuan/tonne: 430,000-450,000 yuan per tonne from 445,000-465,000 yuanCobalt tetroxide min...Read More

The European copper cathode premium dipped on Tuesday October 30 while the cif Shanghai premium was slightly lower after a sustained import loss and wider backwardation in the London Metal Exchange spread pushed traders to the sidelines; the US premium was steady with the focus on annual negotiations. European market slips on backwardation. Shanghai cif premium slightly lower due to import a...Read More

China's crude stainless steel output increased in the first nine months of 2018 amid higher prices and healthy profit.Stainless steelmakers in the country produced 20.75 million tonnes of crude stainless steel during the period, up 8.5% from an adjusted 19.12 million tonnes from January to September in 2017, according to data released by the China Stainless Steel Council late on Monday October 29....Read More

The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday October 31:Aluminium scrapGroup 1 pure 99% & litho: ?1,380-1,430 per tonne from ?1,390-1,440Commercial pure cuttings: ?1,100-1,140 per tonne from ?1,100-1,150Clean HE9 extrusions: ?1,390-1,440 per tonne...Read More

Ferrous scrap demand in Asia has been thin this week in the face of falling prices.Buyers in key import markets are holding back from purchasing import cargoes amid expectations of further price falls. "South Korea does not have demand for imported heavy melting scrap cargoes this week because domestic scrap inventory level is high," a source familiar with the South Korean import market said. Buye...Read More

Shares of Guyana Goldfields (TSX: GUY; US-OTC: GUYFF) plunged 46% to $1.62 on news that the company has cut its 2018 production guidance and launched a review of the underlying resource model at its Aurora gold mine.The company has hired engineering firm RPA Inc. to investigate the geologic controls and grade variability of the mine's Rory's Knoll deposit. Results of the review will be released in...Read More

Please check out myt-shirts and support by purchasing https://shop.spreadshirt.com/kevinsco...Follow me on Twitter https://twitter.com/kevinellerbe32Minorities for Trump on Facebook:https://www.facebook.com/groups/13615...FaceBook https://www.facebook.com/senseoutofno...Read More