Tight supply, but disappointing demand Although...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More
Major talking points among copper market participants attending the annual LME Asia Week in Hong Kong this week are whether Chinese copper demand for April and May is weaker compared with previous years and when high domestic copper stocks in China will decrease. Sustained high copper stocks in the Shanghai-bonded zone have fueled market worries that copper demand in China is foundering and that t...Read More
Deterioration in US-China trade talks...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
Top-ranked price forecaster in Q1... Fastmarkets was the...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download t...Read More
Off to a poor start to...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’...Read More
Q1 reporting season in full swing ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon a...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Import volumes of flat and long steel products into Brazil moved in opposite directions in April, according to figures released recently by the country's economy ministry.Imports of flat steel products fell by 25.70% year-on-year in April, to 97,534 tonnes, compared with 131,265 tonnes in April 2018.The decrease was mainly due to reduced imports of heavy plate, partially offset by higher volumes o...Read More
With US-China trade talks appearing to have soured, it is somewhat surprising that the metals markets are not weaker. But, confirmation that Chinese vice premier Liu He’s trip to Washington on Thursday May 9 is to go ahead, suggests there may still be a chance of a trade deal and that seems to be encouraging some dip-buying in the metals.Base metals Three-month base metals prices on the Londo...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 16 points in pre-opening trade. Index futures responded partially to another 1.12% drop by the Shanghai Composite Index to 2,893.76 McKesson added $1.57 to $127.25 after reporting higher than consensus fiscal fourth quarter earnings. Wendy's added $0.28 to $18.75 after reporting higher than consensus first quarter sal...Read More
The price for rebar produced and delivered in Southern Europe remained unchanged this week amid quiet market activity, participants told Fastmarkets on Wednesday May 8.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe was ?,?500-510 ($560-571) per tonne delivered on Wednesday, unchanged from May 1.There was an expectation among participants that the market would be flooded...Read More
Fastmarkets published its CIS export billet index later than scheduled on Wednesday May 8 but it is now appearing as normal.Fastmarkets' CIS export billet index, fob Black Sea, was published in the price book later...Read More
Iranian export prices for steel slab and billet have decreased over the past week with deals agreed at lower values, sources told Fastmarkets on Wednesday May 8.Recent bookings for Iran-origin steel billet were heard done in Asia at $380-385 per tonne fob. The total volume of these exports was more than 40,000 tonnes.Fastmarkets' weekly price assessment for Iranian...Read More
Brazilian steelmaker Gerdau saw its sales volumes go down by 22.90% year on year during the first quarter of 2019 after divesting operations in Chile, India and the United States throughout 2018, the company said in an earnings report published on Wednesday May 8.The reported showed sales volumes of 2.99 million tonnes for January-March, compared with 3.87 million tonnes in the first quarter of 20...Read More
One of the downsides to saving large sums of cash is it starts to burn a hole in your pocket. When I was a kid, my grandparents would occasionally give me a $10 bill after I'd go visit for a week. I had zero tolerance for saving back then, so I would spend it on candy and comic books almost immediately. Since then, I've built up a pretty good tolerance against spending cash. I've seen too many fin...Read More
Live Investor Summit to be hosted by Mining Stock Education Webinar on May 14, 2019, at 3pm ESTELKO, Nevada, May 8, 2019 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) today announced that it will present a business update in a Mining Stock Education Live Investor Summit titled 'Making American Mining Great Again', as the Company continues to advance its Copper King and Keystone assets. In an...Read More
The stainless steel scrap market in the United States remains depressed, with prices taking another step downward in the week to Tuesday May 7 while market participants indicated very little optimism for the near future.The general market sentiment has been one of caution and concern, due to scrap prices - both for dealers and for brokers/processors - moving down considerably this week. Consumer d...Read More
Ferrous scrap dock buying prices rose modestly in Boston and New York while East Coast exporters worked to fill four cargoes booked in the past two weeks, although dock prices in Philadelphia held steady on Wednesday May 8.In Boston and New York, the prices for No1 heavy melting scrap (HMS) increased by $5 per gross ton to $245 per ton and $255 per ton, respectively, while Philadelphia HMS re...Read More
Brazilian miner Vale's output of iron ore dropped by 11.10% year-on-year in the first quarter of 2019, while sales fell by 22.20% in the same comparison, due to the tailings dam disaster at Brumadinho and unusual weather conditions.The company produced 72.87 million tonnes of iron ore from January to March, down from 81.95 million tonnes in the first quarter of 2018, Vale said on Wednesday May 8.F...Read More