Rebar prices in Egypt's domestic market widened downward in the week to Thursday May 9 because of limited demand caused by Ramadan and uncertainty over import duties.The Islamic holy month of Ramadan started earlier this week.Egypt imposed temporary import duties on billet and rebar on April 15 at a rate of 25% for rebar and...Read More
Turkey has terminated an investigation into the effects of steel product imports on the country's domestic steelmaking industry, the Official Gazette announced on Tuesday May 7.No additional duties or other measures will be imposed after the conclusion of the investigation.The probe was begun in April 2018, and considered imports from all origins of flat, long and stainless steel, along with steel...Read More
Turkish steel billet prices have remained stable over the past week although demand for both domestic and imported material was still sluggish, sources said on Thursday May 9.Steel-producing mills in the Commonwealth of Independent States (CIS) kept their offers steady at around $440-450 per tonne cfr, but their potential customers in Turkey were only interested in paying $420 per tonne or less.As...Read More
Alamos Gold of Toronto is drilling more high grade intersections at the producing Island Gold mine 85 km northeast of Wawa. The company is focusing its attention on the Eastern, Main and Western extensions with both surface and underground drilling.Hole MH18-03 was drilled in the 500-metre gap between inferred resources of the Eastern and Main extensions. It assayed 46.11 g/t gold (26.81 g/t cut)...Read More
India is likely to be the rising star of the Asian steel markets longer term due to the expected growth in its steel demand, delegates at the Singapore Iron Ore Forum - the anchor event of Iron Ore Week - said on Thursday May 9."India's steel demand is expected to increase by 200 million tonnes in 20 years, with domestic production capacity likely to rise to match it," Wood Mackenzie bulks researc...Read More
International steel trading group Stemcor is cautiously optimistic about steel product prices further ahead in 2019, with key regional steel markets reaching their peak construction periods, it said this week."We began the second quarter with cautious optimism, entering peak construction periods in key markets and noting that central banks have largely discontinued raising interest rates for the f...Read More
Albemarle said on Thursday it is moving forward on a project it claims will boost its Chilean lithium production by 30% without extracting more brine from the environmentally sensitive Salar de Atacama, the world's driest desert.The company, the world's largest producer of the raw material used to make electric vehicle batteries, has teased the industry for more than a year that it has production-...Read More
Chow Tai Fook (CTF), Hong Kong's leading jewellery corporation, announced it has established Chow Tai Fook North America (CTFNA) in Boston, MA. CTF said in a statement that its new "business hub" in North America is "positioned to be a leading, single source wholesaler by delivering products, services and know-how especially on technological innovations that help drive profitability and stren...Read More
The Dubai Multi Commodities Centre (DMCC) announced it will host the first-ever rough laboratory-grown diamond (LGD) tender at its Dubai Diamond Exchange (DDE) in Almas Tower, Dubai, United Arab Emirates (UAE). The tender is "in line with DMCC's strategy to attract, facilitate and drive new trade flows through Dubai," the DMCC said in a statement. Organised and managed by Tony's Auction Worl...Read More
The Antwerp World Diamond Centre (AWDC) announced it will celebrate the centennial of the "Tolkowsky cut," the famous round brilliant diamond cut that has set the global standard for quality diamond cutting. On May 27, AWDC will mark this milestone with a major event in Antwerp's diamond district. It will stage an event called "100 Years Brilliant" and also hold a street festival. Tolkowsky, a sci...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 oreBHP, Global Ore, 80,000 tonnes of 62% Fe Newman fines, traded at the June average of a...Read More
Iron ore prices were generally little changed on Thursday May 9, while the low-alumina Yandi fines traded actively at stronger prices.MB 62% Fe Iron Ore Index: $95.38 per tonne cfr Qingdao, down $0.19 per tonne. MB 62% Fe Pilbara Blend Fines Index: $94.06 per tonne cfr Qingdao, down $0.19 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $98.23 per tonne cfr Qingdao, down $0.06 per tonne. MB 58% Fe...Read More
Prices for seaborne cargoes of premium coking coal sold to China retreated on Thursday May 9, though sentiment among Chinese market participants remains positive, at least for the near term.A June-loading cargo of a top Australia brand was traded at $211.55 per tonne cfr China during the day, slightly lower than a transaction involving similar materials a day earlier.A Capesize cargo of another br...Read More
Chinese steel demand in 2019 will likely exceed that in 2018, according to the China Iron & Steel Association (Cisa).The growth will likely come from the housing and infrastructure markets, coupled with relatively stable demand for steel from other downstream industries, the association's deputy director Wu Jingjing told delegates at the Singapore Iron Ore Forum, the anchor event of the Iron Ore W...Read More
Chinese hot-rolled coil prices dropped further on Thursday May 9 amid thin trading, with market participants getting spooked by rising concerns over deteriorating trade relations between China and the United States.DomesticEastern China (Shanghai): 4,050-4,060 yuan ($597-599) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 3,910-3,920 yuan per tonne, down 10-30 yuan per tonneAlthough pr...Read More
Chinese rebar prices weakened further on Thursday May 9 after United States President Donald Trump toughened his stance against China a day earlier and threatened to begin imposing higher tariffs on Chinese products as early as on Friday.Domestic Eastern China (Shanghai): 4,060-4,100 yuan ($599-605) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,930-3,980 yuan per tonne, down 10-20 y...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsRambler's shares (AIM:RMM) jumped 40.91% Thursday to 3.88p (US5.Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsIt posted net income of $15.3 million compared to a net loss of $1.4 million in the same period of 2018 and almost 37% higher than the $11.2 million reported in the past quarter. It reported revenues of $72 million, an 81% increase over the $39.7 million achieved during the same period of 2018 but 15% lower than the $85.1 mill...Read More
White Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicalsIron ore fine output was 11% lower on the year to 72.9 million tonnes, while pelle...Read More
Fastmarkets will host a free web seminar on Tuesday June 18 at 9.30am London time to discuss recent price moves in the cobalt market and how industry developments might affect the market going forward.Click here to register for the webinar. Date Tuesday June 18, 2019 Time 9.30am Join members of our cobalt price reporting and research team for: - An update on price assessment specifications, method...Read More