ArcelorMittal Dunkirk plans to restart production from a blast furnace (BF) that was idled in late March, when steel demand dropped due to the economic effects of the lockdown measures intended to control the spread of Covid-19.The steelmaker plans to restart operations at the Dunkirk BF in France in the middle of August this year, the company's spokesperson told Fastmarkets on Tuesday July 14.It...Read More

Bulk alloys markets in Europe and India look set to trade under persistent pressure from a lack of demand in the near term, with weekly price falls raising the prospect of production cuts, according to industry sources.In Europe, the ferro-silicon market fell to a near three-and-a-half-year low in the week to July 10 after briefly stabilizing the previous week. Sustained weakness in steel, pa...Read More

Domestic prices for hot-rolled coil in Northern Europe were largely stable day on day on Tuesday July 14, but steelmakers continue to push for price rises, sources told Fastmarkets. Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe was calculated at ?,?403.00 ($456.87) per tonne on Tuesday July 14, down by just ?,?0.13 per tonne from ?,?403.13 per tonne on Monday. Tuesd...Read More

New flat steel import duties are expected to affect flat steel imports into the United Arab Emirates (UAE), market sources told Fastmarkets on Tuesday July 14.By July 19, the UAE will apply a duty of 500 dirhams ($137) per tonne on imports of color-coated coil - in effect until May 14, 2021.The main supplier of color-coated coil to the UAE is China, Fastmarkets...Read More

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Fastmarkets proposes to amend the specifications of its hot-dipped galvanized steel import price on a cfr South America basis to narrow the range of products included and better reflect the base-grade material traded in the region.Following discussions with market participants, Fastmarkets is proposing to narrow the thickness specification of its steel hot-dipped galvanized coil import, cfr main p...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe anomaly was discovered by a high resolution, drone-mounted, magnetic survey following an updated geological interpretation for Marimaca, which indicated strong potential for sulphideRead More

Look beyond market approach to project valuations: van ZylLeadershipCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Asiamet Resources: Copper's Best Kept SecretSPONSOREDasiamet resourcesThe company said Scotiabank, on behalf of a syndicate of underwriters, had agreed to buy 643.7 milli...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia were mostly stable this week with demand being moderate, sources told Fastmarkets on Tuesday July 14.Demand was subdued because of the upcoming religious Eid Al-Adha holiday at the end of July.UAEOffer prices for hot-rolled coil (HRC) from China were heard in the UAE at $470 per tonne cfr, but buyers said that price was not work...Read More

Fastmarkets proposes to change the publication time of its Latin American steel price assessments to Friday at 2-3pm New York time from Friday 2-3pm London time.This proposal affects the following price assessments: Steel hot-rolled coil (dry) export, fob main port Latin America, $/tonne - MB-STE-0133 Steel hot-rolled coil import, cfr main ports South America, $/tonne - MB-STE-0102 ...Read More

(Updates prices) By Eric Onstad LONDON, July 14 (Reuters) - Copper prices slipped on Tuesdayafter a steep rally on worries about rising coronavirus casesand friction between the United States and top metals consumerChina. Copper had soared about 50% from its 45-month lows touchedin March to a two-year peak hit on Monday, largely on supplyconcerns from the biggest producer Chile. But copper stumble...Read More

Asian-Pacific equities and the base metals trading on the London Metal Exchange were weaker this morning, Tuesday July 14, with profit-taking emerging in the face of increased Covid-19 cases and earnings uncertainty. * China’s imports and exports climbed in June, a sure sign of improved economic conditions, albeit after months of hardship.* United States President Donald Trump said last week...Read More

Turkish steel producers have resumed their deep-sea scrap purchasing at slightly higher prices, sources said on Tuesday July 14.A steel producer in the Iskenderun region booked a US cargo, comprising 15,000 tonnes of HMS 1&2 (80:20) at $257 per tonne, 27,000 tonnes of shredded at $262 per tonne and 3,000 tonnes of bonus at $267 per tonne cfr.This compared with transactions for US material at...Read More

Polish coking coal miner Jastrzebska Sp??lka Weglowa (JSW), has reported a decline in second-quarter output and sales due to weakness in the steel industry caused by measures put in place to combat the Covid-19 pandemic.Slower demand for blast furnace coke across the EU due to Covid-19 has had a significant negative impact on JSW's results for the second quarter of 2020, the company said...Read More

Analog Devices (ADI), a NASDAQ 100 stock moved below $115.07 completing a double top pattern.Automatic Data Processing (ADP), a NASDAQ 100 stock moved below 142.44 setting an intermediate downtrend. Pre-opening Comments for Tuesday July 14thU.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade.Index futures moved slightly lower following...Read More

Seaborne iron ore prices continued to rise on Tuesday July 14 but the bullish sentiment is cooling due to concerns over flooding in several parts of southern China, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $112.48 per tonne, up $1.39 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $114.26 per tonne, up $1.41 per tonne. 58% Fe fines high-grade premium, cfr...Read More

Seaborne premium hard coking coal prices declined on Tuesday July 14 after several transactions were concluded at lower prices, with sources reporting a burst in trading over the day following inactivity last week. Fastmarkets indicesPremium hard coking coal, fob DBCT: $111.11 per tonne, down $1.38 per tonne Premium hard coking coal, cfr Jingtang: $121.57 per tonne, down $1.54 per tonneHard coking...Read More

Domestic prices for ferrous scrap in Italy were fairly stable in the month up to Monday July 13, with limited demand from steel mills balanced by reduced scrap supply from the automotive industry. Fastmarkets' monthly price assessment for steel scrap, E40 shredded, delivered to mill, Italy was ?,?220-240 ($249-272) per tonne on July 13, unchanged over the month. And the monthly price assessme...Read More

The three-month zinc price on the London Metal Exchange was the standout underperformer during morning trading on Tuesday July 14, wiping out gains made on Monday amid continued market volatility. Zinc's outright price on the LME was recently seen at $2,208.50 per tonne, falling by more than 2% from Monday's closing price of $2,261.50 per tonne, while turnover was moderate at over 3,600 lots excha...Read More

Asian-Pacific equities and the base metals trading on the London Metal Exchange were weaker this morning, Tuesday July 14, with profit-taking emerging in the face of increased Covid-19 cases and earnings uncertainty. China's imports and exports climbed in June, a sure sign of improved economic conditions, albeit after months of hardship.United States President Donald Trump said last week he was no...Read More