Prices for import pig iron in the United States rose during the week to Friday September 11 due to higher global prices driven by Chinese demand.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US went up to $368-375 per tonne on Friday from $360-365 per tonne one week earlier.Buyers estimated the market at $365-368 per tonne cfr - although one source said the...Read More

The price of ferrous scrap imports in containers into India moved up this week, despite sentiment being split due to the ongoing pandemic in the country, sources told Fastmarkets on Friday September 11.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $323.20 per tonne on Friday, up from $314.81 per tonne one week previous.Deals for shredded material were h...Read More

Turkish steel mills were quiet in the deep-sea scrap market on Friday September 11, avoiding firm offers and focusing on finished steel sales, sources said.The mills booked seven deep-sea cargoes earlier this week before withdrawing from the market on Thursday.Although offer prices remained firm later in the week, Turkish steelmakers ignored these amid strong supply, according to sources."Supplier...Read More

General Electric (GE), an S&P 100 stock moved below $6.00 extending an intermediate downtrend. Pre-opening Comments for Friday September 11thEquity index futures were higher this morning. S&P 500 Futures advanced 17 points in pre-opening trade.Index futures eased slightly following release of the August U.S. Consumer Price Index at 8:30 AM EDT. Consensus was an increase of 0.3% versus...Read More

Export pig iron prices from Brazil went up again during the week to Friday September 11 on new sales.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil at $360-370 per tonne on Friday, up by $10 per tonne from $350-360 per tonne one week earlier. ...Read More

Seaborne iron ore prices rose on Friday September 11 amid expectations of a restocking of inventory by Chinese steelmakers before a national holiday next month, according to trade sources.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $128.37 per tonne, up by $2.28 per tonne.62% Fe low-alumina fines, cfr Qingdao: $128.18 per tonne, up by $2.03 per tonne.58% Fe fines high-grade premium, cfr...Read More

Seaborne premium hard coking coal prices rose on Friday September 11 after Chinese market participants returned to the market and added impetus to spot trading activity, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $113.38 per tonne, up $1.20 per tonne Premium hard coking coal, cfr Jingtang: $127.59 per tonne, up $0.78 per tonneHard coking coal, fob DBCT: $92.18 per tonne, u...Read More

 QUESTION: Marty, they do not call you the legend for nothing. You nailed the crash earlier in the year and the very day of the low on March 23. Now your call for the September 3 target was again to the day. In the middle of this chaos, gold has not performed well. Given this is 21 years up, that does not give a lot of confidence for a continued rally just yet. Will you be doing the gold repo...Read More

Trading activity picked up in China's hot-rolled coil market on Friday September 11 in response to rising futures, though prices weakened from a day earlier.DomesticEastern China (Shanghai): 3,890-3,920 yuan ($569-574) yuan per tonne, down 30 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,880-3,900 yuan per tonne, down 10-20 yuan per tonneSellers in Shanghai issued offers at 3,890-...Read More

The waiting time for aluminium to be delivered from Istim's warehouses in Port Klang, Malaysia, was 69 days at the end of August, according to the latest London Metal Exchange queue report.This is little changed from the 68-day queue registered at the end of July, which built up after more than 200,000 tonnes of aluminium were cancelled during July. LME aluminium stocks fell by 77,800 tonnes...Read More

In the absence of any dominant themes at present the base metals and broader markets were mixed this morning, Friday September 11, but prices were generally on the back foot following the emergence of some weakness in recent days, especially in US tech shares. Asian-Pacific equities and pre-market major western equity index futures were mixed following another down day in US equities on Thursday....Read More

An overview of the minor metals markets and the reasons for any price moves.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 standard grade,...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

An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More

The cobalt sulfate 20.5% Co basis, exw China, yuan/tonne 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

Stainless steel prices in the United States rose in tandem with higher surcharges, while sources reported customer demand levels that ranged from weak to steadily improving.Fastmarkets' price assessments for stainless steel 304 cold-rolled sheet, fob mill US and for stainless steel 304L cold-rolled sheet, fob mill US both rose by $3.50 per hundredweight to $121 per cwt and $123 per cwt respectivel...Read More

The price of austenitic stainless steel scrap in the UK domestic market eased this week on lower nickel costs, sources told Fastmarkets on Friday September 11.Fastmarkets' weekly price assessment of stainless steel scrap 18/8 solids domestic, delivered merchants UK was ?830-860 ($1,073-1,111) per tonne on Friday, down by ?10-20 from ?850-870 per tonne a week ago.Three-month nickel on the London...Read More

Argonaut Gold (TSX: AR) has struck a deal to sell its Ana Paula gold project in Mexico's Guerrero state just a few months after acquiring the gold property through its merger with Alio Gold, which closed in July.Under the sales agreement, Argonaut will receive US$30 million upon closing, a further US$10 million upon the start of construction, a 1% net smelter return royalty and 9.9% of the common...Read More

An emergent preference for United States-origin scrap dissipated in the week to Friday September 11 after sellers in the West Coast region raised offers by as much as $15-20 per tonne, according to market sources.Bookings of Japanese material continued this week even after the Kanto Tetsugen auction closed $20 per tonne higher on Wednesday September 9.Transactions were concluded at $310 per tonne...Read More