The latest data for the global manganese ore market for the week ended May 3, 2021.Read More
Rio Tinto has achieved Aluminium Stewardship Initiative (ASI) Performance Standard certification for its ISAL aluminium smelter in Iceland, the company said.The certification is provisional - following an independent, remote audit - with an onsite audit to be completed when possible after the easing of Covid-19 travel restrictions, the company said. Rio Tinto offers ASI-certified aluminium from ei...Read More
Rio Tinto has achieved Aluminium Stewardship Initiative (ASI) Performance Standard certification for its ISAL aluminium smelter in Iceland, the company said.The certification is provisional - following an independent, remote audit - with an onsite audit to be completed when possible after the easing of Covid-19 travel restrictions, the company said. Rio Tinto offers ASI-certified aluminium from ei...Read More
Brazil's iron ore exports increased by 7.49% in April versus the same month in 2020, according to data from the country's economy ministry published on Monday May 3, with Vale's operations beginning to ramp up production.Brazilian iron ore exports totaled 25.79 million tonnes in April compared with 23.99 million tonnes a year before, the economy ministry said.Vale, the world's largest iron ore pro...Read More
Here are five Fastmarkets stories you might have missed on Monday May 3 that are worth another look.Brazilian slab exporters are enjoying their strongest margins in years, despite a steep steelmaking raw material cost inflation, with record-high finished steel prices in the United States supporting...Read More
Brazilian flat steel producers are poised to raise domestic prices by 10-18% in May, due to rising global steel and raw materials values, along with resilient local demand, market participants told Fastmarkets this week.Companhia Sider??rgica Nacional (CSN), the country's second-biggest flat steel producer, led the way when commercial executive director, Luis Martinez announced a 16-18% incre...Read More
Singapore's rebar import prices are getting a boost from the new ferrous tax policies announced by China, market sources said.China's Ministry of Finance said on April 28 that there will be no taxes for semi-finished steel, such as billet, causing buyers in Asia to rush to procure cargoes in anticipation of shortages in the spot market if China starts purchasing more quantities.This has cause...Read More
Brazilian slab exporters are enjoying their strongest margins in years, despite a steep steelmaking raw material cost inflation, with record-high finished steel prices in the United States supporting demand amid Section 232 quotas.Last month, the spread between Fastmarkets' price assessment for steel slab export, fob main port Brazil and the price for a basket of raw materials reached its widest s...Read More
Solar ETF (TAN) moved below $80.80 extending an intermediate downtrend.Peloton (PTON), a NASDAQ 100 stock moved below $94.00 completing a Head & Shoulders pattern.Applied Materials (AMAT), a NASDAQ 100 stock moved below $128.31 completing a double top pattern.Pembina Pipelines (PPL), a TSX 60 stock moved above $38.33 extending an intermediate uptrend.Bausch Health (BHC), a TSX 60 stock moved b...Read More
Brazilian slab exporters are enjoying their strongest margins in years, despite a steep steelmaking raw material cost inflation, with record-high finished steel prices in the United States supporting demand amid Section 232 quotas.Last month, the spread between Fastmarkets' price assessment for steel slab export, fob main port Brazil and the price for a basket of raw materials reached its widest s...Read More
Here are five Fastmarkets stories you might have missed on Monday May 3 that are worth another look.Brazilian slab exporters are enjoying their strongest margins in years, despite a steep steelmaking raw material cost inflation, with record-high finished steel prices in the United States supporting...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 22 points in pre-opening trade. Trading volume on U.S. and Canadian exchanges is expected to be lower than average today. Other equity markets are closed for the May Day holiday including China, Japan, Thailand, United Kingdom and Russia.Clorox dropped $1.40 to $181.10 after Wells Fargo downgraded the stock from Overwe...Read More
Here are five Fastmarkets stories you might have missed on Friday April 30 that are worth another look.South American flat-rolled steel import prices were generally up in the week to April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly...Read More
Here are five Fastmarkets stories you might have missed on Friday April 30 that are worth another look.South American flat-rolled steel import prices were generally up in the week to April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly...Read More
Here are five Fastmarkets stories you might have missed on Friday April 30 that are worth another look.South American flat-rolled steel import prices were generally up in the week to April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly...Read More
Here are five Fastmarkets stories you might have missed on Friday April 30 that are worth another look.South American flat-rolled steel import prices were generally up in the week to April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly...Read More
Key data from Fastmarkets' Friday April 30 pricing sessions in China, Europe and the United States.China Fears of production cuts in Ningxia due to its energy-conservation and emission-reduction ambitions, coupled with the rise of electricity fees in Inner Mongolia, added to the tight availability of ferro-silicon. Active deals and inquires, along with the bullish ferro-silicon futures, all underp...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Fastmarkets' benchmark copper concentrate treatment and refining charge (TC/RC) index rose for the third consecutive week on Friday April 30. At $26.90 per tonne / 2.69 cents per lb, the index has reached its highest level in a month and has rebounded from its record lows of $21.90 per tonne / 2.19 cents per lb on April 9. Smelter...Read More
While the whole London Metal Exchange base metals complex ended the month on solidly higher prices than at the start of April on a recent bullish streak, a dollar index at its highest in a week pushed down copper and aluminium prices at the close on Friday April 30. The dollar index reached 91.29 on Friday during afternoon trading, its highest since April 23 after bottoming at 90.42 on Thursday, r...Read More