China is unlikely to dominate production growth in the aluminium market in the next two decades in the same way it has over the past 20 years, according to the secretary general of the International Aluminium Institute (IAI).There are several reasons for this, including a move by the Chinese government to shift the focus to high-value aluminium products and cap smelting capacity at around current...Read More

The domestic rebar price in Brazil increased in July, with a 10% hike successfully implemented by producers due to previous moves to reduce supplies to match falling demand and due to resilience in the construction sector amid the Covid-19 pandemic.Fastmarkets' latest price assessment for steel reinforcing bar (rebar) domestic monthly, delivered Brazil was 2,410-2,530 Reais ($451-474) per tonne on...Read More

The price range for exports of India-origin hot-rolled coil has widened, with the country's mills booking shipments to regions besides the traditional export outlets in Southeast Asia.The price of steel hot-rolled coil (commodity), export, fob main port India, was assessed by Fastmarkets at $420-435 per tonne on Friday July 10, widening downward from last week's assessment at $430-435 per tonne.Ac...Read More

Import prices of flat-rolled steel increased slightly in South America during the week to Friday July 10 because new offers for September-shipment cargoes continued the recent uptrend.Demand from the continent was also expected to recover, with Peru, Colombia and Ecuador slowly returning to the market following a long quarantine period intended to prevent the spread of Covid-19 in those countries....Read More

European steel producers have been limiting their outputs in accordance with the persistently weak levels of current demand, especially from the automotive industry, while the region recovers from Covid-19-pandemic lockdowns.Tata Steel EuropeTata Steel Europe was reported to have been working at about a 70% capacity utilization rate from April 1 to June 30, the company said in a provisional report...Read More

Domestic prices for hot-rolled coil in Northern Europe were largely stable day on day on Friday July 10, but steelmakers are pushing for price rises, sources told Fastmarkets.Domestic HRC prices across Europe have been supported by lack of workable import offers and tougher safeguard measures.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was calculated at ?,?404.00...Read More

Turkish prices for domestic and export hot-dipped galvanized coil (HDG) and color-coated coil fell in the week to Friday July 10, following a dip in feedstock prices. Hot-rolled coil is the base material for coated coil, and the Turkish price widened downward this week, having been stable for two consecutive weeks prior. Fastmarkets' weekly price assessment for steel HRC, domestic, exw Turkey...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesIronRidge shows its mettleSPONSOREDironridge resources Mather discusses the financing plans, possible tensions with 13.57% shareholder Newcrest Mining, its bid to acqui...Read More

Assays are expected in the next fortnight, with Hot Chili optimistic about the likelihood of a major expansion of a "high-grade core" of Cortadera. Another diamond core hole is underway.Read More

The ferrous scrap market in the United States suffered a large downward correction during the July trade, and more downside might be in store for August given a supply overhang, only marginal demand and depressed pricing for finished steel products."The July trade is a reminder of how bad things really are in this country. May and June were only up on supply concerns," a shredder source said. ...Read More

Pig iron export prices from the south of Brazil showed signs growing strength in the week to Friday July 10, on a resumption of sales to China. Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $307-315 per tonne on Friday, narrowing down from $307-320 per tonne a week ago.  ...Read More

Steel scrap prices in the Asian markets have recovered following the Kanto auction in Japan, while Turkish deep-sea scrap import values inched down at the end of the week due to weak demand for rebar.Turkish steel producers resumed their deep-sea scrap purchases at the end of the week at slightly lower pricesUS export markets broke silence at the end of the week with fresh cargoes to TurkeyJapanes...Read More

China bought at least 290,000 tonnes of pig iron from Brazil and Russia during the week ended Friday July 10, supporting global pig iron prices, market sources have told Fastmarkets.Suppliers in the south of Brazil sold three cargoes each of 60,000 tonnes for October shipment to international traders. The final price in the Chinese market, including the traders' margin, was $343-344 per tonne cfr...Read More

The pig iron market in the United States went up during the week ended Friday July 10 because of external factors such as low availability globally and high demand in China.Fastmarkets' weekly price assessment for pig iron, import, cfr Gulf of Mexico, US, was $330 per tonne on Friday, up from $320-325 per tonne a week before.One booking of pig iron from the Commonwealth of Independent States was r...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 15 points in pre-opening trade. Index futures recovered slightly following release of the June Producer Price Index at 8:30 AM EDT. Consensus was an increase of 0.4% versus a gain of 0.4% in May. Actual was a decrease of 0.2%. Excluding food and energy, consensus was an increase of 0.1% versus a decline of 0.1% in May...Read More

The inter-merchant spot price for light iron scrap in the UK was steady for the fourth consecutive week in the week to Friday July 10, supported by relatively low volumes being delivered into yards and steady export trade, industry sources said.UK steel scrap supply has seen lower scrap generation due to the economic impact of the Covid-19 pandemic and the national lockdown which is gradually bein...Read More

The cost of containerized ferrous scrap imported into India pared losses in the week to Friday July 10, on lower availability and regular, albeit low key consumer buying, at higher prices, sources told Fastmarkets.The markets are expected to come under renewed pressure in the coming weeks as steel production capacity utilization is well down from maximum at around 60%, with more steel being punted...Read More

Swedish state-owned iron ore producer LKAB plans a short maintenance stoppage at its facility at Malmberget next week.LKAB's sorting and concentrating plants at Malmberget, in the northernmost county of Norrbotten, will be out of action for 12 hours on July 15, the company said this week."LKAB ?s planned maintenance stops are decisive for our ability to...Read More

Market participants say off-warrant aluminium stocks are much higher than what is reflected in this week's London Metal Exchange data release, but many welcomed the added transparency. As part of a new warehouse reform, the LME has begun publishing off-warrant stock data. In the data published yesterday, it highlighted an extra 1 million tonnes of aluminium available as of the end of May 2020. So...Read More

Copper showed the largest increase in deliverable stocks in percentage terms in Shanghai Futures Exchange-approved warehouses in the week to Friday July 10, climbing by 23,018 tonnes or 20.1% to 137,336 tonnes.The largest inflow was reported at the Zhongchu Wusong warehouse in Shanghai, where stocks rose by 9,827 tonnes (47.6%) week on week to 30,469 tonnes, according to the weekly report.The rise...Read More