The tantalum concentrate market rebounded on Friday November 27, after hitting its lowest level so far in 2020 last week, due to a return of some consumer activity in the spot market. Fastmarkets assessed the price of tantalite, basis 25% min Ta2O5, cif China at $50-55 per lb on Friday, up from the previous week's assessment of $48-50 per lb. The market is now trading at its highest in two mo...Read More

European ferro-titanium prices could hit multi-year highs in the coming weeks against strengthening demand from steelmakers and increasingly tight supplies of scrap, alloy suppliers in Europe told Fastmarkets. Delivered duty-paid prices in Europe will set a new annual peak if prices increase at all from the top end of the current range, and the market will equal a more than six-year high if prices...Read More

Turkish domestic scrap prices continued to increase over the past week because of the rising costs for imported scrap, sources said on Monday November 30.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 2,600-2,645 lira ($330-336) per tonne on Monday, up from the 2,250-2,545 lira per tonne of last week.Long and flat steelmaker ??olakoglu and...Read More

Base metals prices were mainly stronger this morning, Monday November 30, helped by strong Chinese manufacturing purchasing managers' index (PMI) data and a weaker dollar, but some of the metals are starting to look tired.Chinese manufacturing PMI climbed to 52.1 in November, up from 51.4 in OctoberChinese non-manufacturing PMI climbed to 56.41 in November, up from 56.2 in OctoberBase metals The t...Read More

The tantalum concentrate market rebounded on Friday November 27, after hitting its lowest level so far in 2020 last week, due to a return of some consumer activity in the spot market. Fastmarkets assessed the price of tantalite, basis 25% min Ta2O5, cif China at $50-55 per lb on Friday, up from the previous week's assessment of $48-50 per lb. The market is now trading at its highest in two mo...Read More

Why are stocks hitting record highs?I wish I had a good answer for you. I wish I could tell you the Dow rallied to 30,000 last week because everything was going so great for America.I wish I could say the economy never looked stronger... that the number of COVID-19 cases and deaths weren't still rising... that the nation's cities weren't devolving into "anarchist jurisdictions"... that it wasn't l...Read More

Here are five Fastmarkets stories you might have missed on Monday November 30 that are worth another look.Italian authorities will finalize their takeover of a share in flat steel producer ArcelorMittal Italia on December 10, trade unions Fiom-Cgil and Uilm said on November 30.The first deal for...Read More

Domestic prices for steel hot-rolled coil increased again across Europe in the week to Friday November 27, due to tight supply from both domestic and overseas suppliers.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?560.00 ($669.88) per tonne on Friday, up by ?,?18.75 per tonne week on week and by ?,?61.67 per tonne month on month.Friday's index...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index resumed its relentless uptrend and added 33.36 points to finish the week at 1238.51 for a gain of 2.8%. Over the last month, the INK CIN has generated a blistering run of 16.8% in gains.Our short-term momentum indicator, RSI, which was already in overbought territory,...Read More

Domestic hot-rolled coil prices in Northern Europe went up day on day on Monday November 30, supported by good order books at the mills, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?561.15 ($671.26) per tonne on Monday, up by ?,?1.15 per tonne from ?,?560.00 per tonne on Friday.The index was up by ?,?18.65 per tonn...Read More

Brazilian steelmakers will raise the domestic price for long steel products such as rebar by an average of 12% in December, market participants have told Fastmarkets.This will make it the sixth consecutive month of higher prices in Brazil, because of the quick demand recovery from 2020 lows caused by the Covid-19 pandemic. Long steel producers increased prices by around 10% in November.Fastmarkets...Read More

Domestic steel rebar prices in Russia's Central Federal District around Moscow increased again on higher offers from mills in the week to Monday November 30, reflecting export market growth, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia was 42,000 roubles ($552) per tonne including 20% value-added tax on Monday, up fro...Read More

Traders are getting bolder in taking rebar positions in the Singapore import market amid the continued rise in long steel prices in Asia, sources said.A transaction was concluded at $517 per tonne cfr Singapore on a theoretical weight basis for Turkish rebar by a Europe-headquartered trader, a buyer source said. The quantity for the February-shipment cargo could not be confirmed.The is in line wit...Read More

Turkish domestic scrap prices continued to increase over the past week because of the rising costs for imported scrap, sources said on Monday November 30.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 2,600-2,645 lira ($330-336) per tonne on Monday, up from the 2,250-2,545 lira per tonne of last week.Long and flat steelmaker ??olakoglu and...Read More

Prices for seaborne iron ore concentrate and pellets inched up in the week to Friday November 27 amid increased demand for concentrate and tightened supply of pellets, market sources told Fastmarkets.Fastmarkets iron ore indices66% Fe concentrate, cfr Qingdao: $138.07 per tonne, up $0.68 per tonne.65% Fe blast furnace pellet, cfr Qingdao: $158.77 per tonne, up $0.81 per tonne.Key driversMarket sou...Read More

The Standardization Administration of China approved on Sunday November 29 new domestic steel scrap classification standards that are expected to be rolled out by the end of this year, replacing the previous standards.The standard-making committee had released a draft of the new standards for ferrous and stainless scrap late last month.The new specifications are as follows:Heavy recycled steel mat...Read More

Steel slab export prices from Brazil remained stable in the week ended Friday November 27, with few volumes available and buyers adopting a wait-and-see stance after recent price increases.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was $515-540 per tonne on November 27, unchanged from the previous week.Offers of slab to the United States were reported around...Read More

Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Read More

With bitcoin nearing in on all-time highs of close to $20,000 and gold struggling heavily, breaking below $1,800/oz, many bullion dealers reveal that clients are selling the yellow metal to buy crypto. Our Daniela Cambone speaks with Grant Williams, co-founder of Real Vision and industry insider, about this mass exodus from gold to bitcoin. Grant Williams is the portfolio manager of the Vulpes Pre...Read More

For Part 1 of this interview, CLICK HEREGundlach and Shinoda Discuss Market-Macro Dichotomies In this episode of Channel 11 News, among other topics, Jeffrey Gundlach discusses with Ken Shinoda the divergence between asset pricing and the state of the economy, his outlook for America's political leadership, his bearish view on the U.S. dollar and his optimism for EM securities. Regarding U.S. econ...Read More