The Egyptian government announced details of its trial period for the reintroduction of construction permits in an official statement published on Sunday May 9, sources have told Fastmarkets.According to the statement, construction permits will be issued in 27 cities for a period of two months, and will then be available in all cities across Egypt from July 1, 2021.Egypt has had a ban on construct...Read More

A summary of German industrial group Thyssenkrupp's results for the second quarter of its current business year 2020-21, covering the period from January 1 to March 31, 2021.In brief Thyssenkrupp's second-quarter results continue to improve after a successful first quarter, with all segments contributing to better earnings. Thyssenkrupp's Steel Europe segment reported significantly improved sales,...Read More

The United Arab Emirates' state-owned General Holding Corporation (Senaat) has offered Arkan Building Materials the opportunity to combine Senaat's subsidiary Emirates Steel with Arkan, Arkan Building Materials said on Sunday May 9.Emirates Steel - based in Abu Dhabi, UAE - is the country's only integrated steel producer and is wholly owned by Senaat, with Arkan's 51% of shares belonging to Senaat...Read More

Here are five Fastmarkets stories you might have missed on Tuesday May 11 that are worth another look....Read More

Rebar and wire rod export prices from the Commonwealth of Independent States increased significantly over the past week, supported by favorable market conditions due to strong domestic demand in Russia, higher prices from competitors - particularly Turkey - and increased global scrap costs.RebarUkraine-origin rebar was available to foreign customers at $690 per tonne fob Black Sea at the end of la...Read More

Mexican ferrous scrap prices were largely stable in the week ended Friday May 7, with some sellers heard applying price increases due to strong demand and limited availability of certain grades.Shredded scrap in both Monterrey and Bajio and plate and structural scrap in Bajio were the only prices to increase in Fastmarkets' weekly assessment. While there were reports of price i...Read More

Aluminium premiums across the globe were mostly unchanged in the week ending Tuesday May 11 on tight availability.Rotterdam duty-paid premium dips on LME spread volatilityUS Midwest remains at record highMJP premium static.Duty-unpaid premium well supportedFastmarkets' benchmark duty-unpaid Rotterdam aluminium premium remained at its highest since April 2018 in the week to Tuesday May 11.The daily...Read More

Here are five Fastmarkets stories you might have missed on Monday May 10 that are worth another look.European buyers have purchased substantial volumes of cold-rolled coil from China for the first time in about five years, despite the product being subject to anti-dumping tariffs, sources told Fastmarkets on May 10.Consuming...Read More

The three-month price of zinc rebounded above the $3,000 per tonne mark on the London Metal Exchange and nickel had the largest percentage gain on Tuesday May 11, while most other base metals metals also finished higher due to some dip-buying after prices fell on Monday.Zinc's benchmark futures contract was up by 0.6% to $3,009 per tonne on Tuesday, following a 0.7% decrease of Monday to $2,991.50...Read More

The total amount of metal held outside of the London Metal Exchange network fell by 40% in March 2021 to 1.25 million tonnes from just over 2 million tonnes in February, the latest data from the Exchange shows.The LME's latest off-warrant stock report showed a decrease of 841,034 tonnes over March, down from February's reading of 2,093,017 tonnes.There was a decrease in every metal held off warran...Read More

Base metals prices on the London Metal Exchange were consolidating this morning on Tuesday May 11, after having pulled back from high ground on Monday while base metals on the Shanghai Futures Exchange were, for the most part, weaker. Broader markets seem to be getting nervous about inflation, with roaring commodity prices not helping. China's consumer and producer prices up significantly. But, US...Read More

The silver price had a bit of an unusual...by Chris Marcus of Arcadia EconomicsSilver has odd (predictable?) reaction to labor report.The silver price had a bit of an unusual reaction to today's labor report miss.Yet for those who know the backstory, it may not have been as unexpected as it may seem.To find out more, click to watch the video now! Read More

What happens when retail stock investors begin to really move into the Global Silver ETFs? Where will the silver come from? We are going to see massive FIREWORKS as... by Steve St Angelo of SRSrocco ReportThe LBMA announced today that they made a small error in overstating its silver inventories last month. According to the press release, the LBMA recorded an additional 3,300 metric tons of si...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:Unprecedentedly high flat steel product pricing in the United States was forecast to persist through the current quarter and well into the second half of 2021.Actual US hot-rolled coil prices in April slightly outpaced our forecasts, with Fastmarkets' US HRC index ave...Read More

A summary of base metal premiums from across the globe for the week to Tuesday May 11.Please click...Read More

Prices for steel billet exports from the Commonwealth of Independent States have jumped to a 10-year high following rises in the Chinese billet and rebar markets over the week to Tuesday May 11.China's domestic rebar prices surged on May 10 and set the new high after the October futures contract on the Shanghai Futures Exchange hit the daily limit within 10 minutes of the start of trading.The pric...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Guilty of going after tonnages and pursuing growth at any cost during bull times, the world's mining companies have suffered a wave of CEO replacements, with shareholders demanding more capital austerity and returns in the form of div...Read More

The United States Defense Logistics Agency (DLA) is offering 80 tonnes of tin, with bidding set to close at noon Eastern Standard Time on Wednesday May 12, the agency said in a posting on its website.After a 13-year hiatus, the agency in March recommenced offering tin from the national security stockpile to a tin-starved market, reflected in record tin prices and premiums.US tin premiums...Read More

RAPAPORT... Hong Kong's polished-diamond imports rose 47% year on year to $3.43 billion in the first quarter of 2021, reflecting an improvement in market conditions compared with the onset of the coronavirus crisis. However, shipments were still well below the $5.02 billion the municipality recorded in the same period of 2019.Hong Kong Trade Data for 1Q 2021  Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Read More