Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More

The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More

Hot-rolled coil prices in the United States dipped for the third time in five days but still managed to end the week slightly above $95 per hundredweight ($1,900 per short ton), with sources questioning whether a "market correction" is at hand.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $95.15 per cwt ($1,903 per ton) on Friday October 29, down by 0.45% from $95.5...Read More

Slab export prices from Brazil inched up in the week ended Friday October 29, but the market remained calm, with most producers already having sold their December-shipment batches.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil was at $730-740 per tonne on Friday October 29, up from $720-740 per tonne a week earlier.The higher...Read More

Reduced market liquidity between monthly negotiations and lower offers from China pressured imported flat-rolled steel prices lower in South America during the week ended Friday October 29.Most customers had already satisfied their December needs during the previous week and refrained from ordering more, according to market participants. They were also again weighing the risk that would result fro...Read More

Prices for cold-rolled and galvanized steel sheet in the United States were flat on Thursday October 28, with many market participants relying on existing inventory or foreign steel purchases while they wait for mill prices to drop.Fastmarkets' weekly assessment for steel cold-rolled coil, fob mill US was unchanged from the previous week at $108 per hundredweight ($2,160 per short ton) on October...Read More

Steel beam prices were flat in the United States' domestic and import markets on Thursday October 28 following three rounds of mill price increases over the summer and bringing a welcome pause to upward pressure in market that has been tightly supplied.Fastmarkets' monthly assessment for steel beams 8- x 8-in, fob mill US was $68 per hundredweight ($1,360 per short ton) on Thursday October 28, unc...Read More

Prices in the Brazilian flat steel market were expected to stabilize following recent discounts made to distributors, according to steelmaker Usiminas.Since September, flat steel distributors have been receiving discounts of 7%, according to Usiminas' commercial vice president, Miguel Homes."We foresee a stability in prices during the fourth quarter [of 2021]," Homes said on Friday October 29.Read More

An overview of the new energy materials markets and their price moves in the week to Friday October 29.Susan Zou, Yingchi Yang and...Read More

U.S. equity index futures were lower this morning following release of lower than consensus quarterly results and guidance by Amazon, Apple and Starbucks. S&P 500 Index dropped 19 points in preopening trade. U.S. equity index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for September Personal Income was a slip of 0.1% versus a gain of 0.2% in Au...Read More

Brazilian pig iron sellers are more optimistic amid increased demand in global markets, but no deals have been heard in the country's main producing regions.Sellers have been closely watching the improvement in prices of scrap in Turkey and expect further upside. Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $500-510 per tonne on Friday October 2...Read More

The price of UK inter-merchant light-iron steel scrap narrowed on Friday October 29 with the domestic and export markets remaining strong, sources told Fastmarkets.Fastmarkets' price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant UK, was ?185-195 ($255-268) per tonne on Friday, narrowing from ?175-195 per tonne the week before."It's quite busy. There is a lot...Read More

Global ferrous scrap prices showed varying fortunes in the week ended Friday October 29, with Turkey, India and the United States all reporting stability or prices increases, while the markets in Taiwan, Vietnam and China all weakened.?EUR?Turkish scrap prices remain steady on public holiday?EUR?US export prices rise on tight domestic market?EUR?Vietnam prices affected by falling Chinese market?EU...Read More

Prices for shredded steel scrap imported into Pakistan and India increased on Friday October 29, despite concerns over rising freight costs, sources have told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan, at $563.74 per tonne on Friday, up from $557.48 per tonne on October 22.Deals were heard at $560-565 per tonne this week, u...Read More

The Turkish deep-sea steel scrap import market was inactive on Friday October 29 due to the country's Republic Day holiday, which began on Thursday afternoon and runs through Friday, sources told Fastmarkets.The most recent cargo deal was recorded on Tuesday, when a steel mill in the Marmara region booked a cargo from the United States, consisting of 20,000 tonnes of HMS 1&2 (90:10)...Read More

Seaborne low-vol PCI prices in both the fob and cfr markets fell following the drop in thermal coal prices. And China's National Development & Reform Commission intervention, plus the news that stranded Australian coal was allowed to clear Chinese customs, have put market participants in a wait-and-see mode.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $608.12 per tonne, unchange...Read More

Seaborne iron ore prices continued to fall on Friday October 29 after Hebei and Shandong provinces introduced steelmaking production restrictions to curb air pollution, with further emissions limits expected in the winter-heating season from November 1, sources said.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $107.28 per tonne, down $5.37 per tonne62% Fe low-alumina fines, cfr Qingdao:...Read More

Hot-rolled coil prices in eastern China increased on Friday October 29 on early gains in the futures market and a pick-up in spot buying activity.DomesticEastern China (Shanghai): 5,330-5,340 yuan ($834-836) per tonne, up by 40 yuan per tonneNorthern China (Tangshan) weekly assessment: 5,300-5,350 yuan per tonne, down by 250-270 yuan per tonne The most-traded January HRC futures contract on the Sh...Read More

Base metals prices on the London Metal Exchange were broadly down on the morning of Friday October 29 following a brief rally on Thursday, however all but aluminium look set for a positive monthly close.Aluminum's three-month price was at $2,720 per tonne at 9am on Friday, down by 1% from $2,746.50 per tonne at Thursday's 5pm close. The light metal is the only LME base metal on course for a negati...Read More

Eastern China's rebar prices increased on Friday October 29 on rising end-user demand, narrowing this week's cumulative losses in comparison with those experienced last week.Domestic Eastern China (Shanghai): 5,220-5,250 yuan ($817-822) per tonne, up by 100-120 yuan per tonneNorthern China (Beijing) weekly assessment: 5,150-5,180 yuan per tonne, down by 90 yuan per tonneSpot prices in China's east...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Janie Davies and Fola...Read More

An overview of the aerospace materials markets and the latest price moves.Jessica Long, Zihao Li and...Read More