A summary of the financial results for Turkey's largest steelmaking group, Erdemir, for January-March 2021.In brief Turkey's biggest steel producer Erdemir Group produced 24% of Turkish crude steel in January-February 2021. The group's earnings before interest, taxes, depreciation and amortization (Ebitda) increased by 262.53% in January-March 2021, because of strong demand for steel in Turkey and...Read More

The new five-stand tandem cold-rolling mill at Tatmetal ??elik in Turkey is now running at full capacity, Italian supplier Danieli said on Friday April 30.The new mill was installed in Eregli, northern Turkey, and linked to an existing continuous pickling line, Danieli said. The mill can produce high-strength strip...Read More

Wither seeking maximum advantage from Kambalda addressSPONSOREDmaximus resourcesTowards Sustainable Mining Tailings Guidance Aligns with Global StandardSPONSOREDthe mining association of canadaColluli poised to disrupt potash marketSPONSOREDdanakaliFort Cady well positioned for the coming boomSPONSOREDamerican pacific borates limitedSome 200m below the Vermelhos mine the company intersected 13.8m...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

Indian domestic secondary billet prices fell by 500-600 rupees ($7-8) per tonnne in the week to Friday April 30, on subdued demand from finished steel producers, sources told Fastmarkets.Fastmarkets' price assessment for steel billet domestic, ex-works India, was 41,200-41,300rupees per tonne on April 30, down by 500-600 rupees compared with last week's 41,700-41,900 rupees per tonne ex-...Read More

Seagen (SGEN), a NASDAQ 100 stock moved below $134.51 extending an intermediate downtrend.Fiserv (FISV), a NASDAQ 100 stock moved below $118.54 completing a double top pattern.Pre-opening Comments for Friday April 30thU.S. equity index futures were lower this morning. S&P 500 futures were down 23 points in pre-opening trade.Equity index futures moved slightly lower following release of U.S. Ma...Read More

Prices for shredded steel scrap imported into South Asia moved upward on Friday April 30, with both India and Pakistan booking material, sources have told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $468.83 per tonne per tonne on Friday, up from $456.50 per tonne one week earlier.Two deals were heard at $465 and $470 per tonne this w...Read More

Turkish steelmakers speeded up their deep-sea scrap purchases at the end of the week, with Asian demand for steel products increasing sharply since China confirmed the cancellation of its export tax rebate on some steel products, sources told Fastmarkets on Friday April 30.China will remove the export tax rebate for some steel products from May 1, the Ministry of Finance said on Wednesday April 28...Read More

German steelmakers Saarstahl and Dillinger, part of Stahl Holding Saar (SHS), are to work with Paul Wurth, part of the SMS Group, to use their own process gases and significant quantities of hydrogen in the blast furnace process, the companies announced on Thursday April 29.The H2Syngas project will involve an associated pilot plant to develop the technology to use process gases in a blast furnace...Read More

The publication of Fastmarkets' European aluminium scrap and secondary prices assessments for Friday April 30 have been delayed because of a technical issue. Fastmarkets' pricing database, MInD, will be updated at the earliest possible moment to reflect the below assessments for the following prices: MB-AL-0019 - Aluminium scrap mixed turnings, delivered consumer Europe, ?,?/tonne April 23: ?,?1,1...Read More

The London Metal Exchange will announce the results of its discussion paper on market structure on or around June 8 and has not yet made any decisions on the whether to reopen the ring, it said. If the exchange decides to reopen the ring, which temporarily closed in March 2020 due to the Covid-19 pandemic, the earliest possible date would be the end of June, when social distancing criteria are exp...Read More

Deliverable stocks of most base metals in Shanghai Futures Exchange-registered warehouses fell in the week to Friday April 30, with nickel down by the most in percentage terms.Nickel stocks totaled 7,877 tonnes this week, down by 683 tonnes or 8.0% from 8,560 tonnes a week earlier. The largest outflow was 453 tonnes from the Changzhou Rongda warehouse in Jiangsu,...Read More

Seaborne coking coal prices climbed in the cfr market amid tight supply and rising offers on Friday April 30, but inched lower in the fob market amid soft buying activity, market sources told Fastmarkets.Prices for seaborne pulverized coal injection (PCI) material increased sharply in the cfr market in the week to April 30, due to persistently tight supply and rising prices for metallurgical coke,...Read More

Seaborne iron ore prices fell on Friday April 30 in a quiet market ahead of the May 1-5 Labor Day public holiday in China. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $188.85 per tonne, down $2.75 per tonne 62% Fe low-alumina fines, cfr Qingdao: $190.01 per tonne, down $3.42 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $161.53 per tonne, down $4.31 per tonne 65% Fe Brazil-or...Read More

China's domestic rebar prices dipped on Friday April 30, just a day before the start of a five-day break to mark Labor Day in the country.DomesticEastern China (Shanghai): 5,180-5,200 yuan ($801-804) per tonne, down by 10 yuan per tonneNorthern China (Beijing) weekly assessment: 5,170-5,200 yuan per tonne, up by 60-70 yuan per tonneSeveral Shanghai-based traders said the market was inactive throug...Read More

Futures prices on the London Metal Exchange were mixed in the morning of Friday April 30, with tin, aluminium and lead all posting gains, while copper fell from the $10,000-per-tonne high achieved on Thursday. Tin's three-month price rose the most on Friday morning, with a 1.3% gain to $28,835 per tonne.It is currently at its highest level since August 2011 and has recently been spurred on by the...Read More

An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in...Read More

An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda...Read More

The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt...Read More

The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More