Special bar quality (SBQ) steel prices increased in the United States in June on higher mill base prices and increased surcharges while some mills continued to sell forward production for a number of SBQ products to the end of the year, according to market participants.Fastmarkets' assessment for steel bar hot-rolled special bar quality 1-inch round 1000 series (carbon), fob mill US was at $61.50...Read More

Domestic prices for steel rebar in Russia's Central Federal District around Moscow remained firm in the week to June 21 with good demand from construction, sources told Fastmarkets.July rebar offers to traders from local mills ranged from 69,500-71,000 roubles ($954-975) per tonne cpt in the week to June 21, largely unchanged from June offers, sources said.Tula Steel...Read More

China's domestic hot-rolled coil prices fell sharply on Monday June 21, after iron ore futures led a tumble across the ferrous complex following Beijing's latest attempt to keep markets stable.DomesticEastern China (Shanghai): 5,360-5,430 yuan ($829-840) per tonne, down by 100-140 yuan per tonne.Ferrous futures losses accelerated in the afternoon trading session after market participants reacted t...Read More

World manganese ore production will increase by 7.60 million tonnes (13%) in 2021, reflecting a post-pandemic recovery in production and new mining projects mainly in Africa and Australia, according to Eva Yang, China representative at the International Manganese Institute (IMnI). Speaking at the International Ferro-alloys and Mineral Products Summit held by Ferroalloy.net on Friday June 18, Yang...Read More

Turkish steel producers started the week with no new bookings on Monday June 21 amid limited finished steel demand, especially in the export markets, sources told Fastmarkets.The most recent deals were heard on Tuesday June 15 when two United States cargoes were sold.A mill in the Marmara region bought those cargoes, which comprised heavy melting scrap 1&2 (80:20) at $500 and $501 per tonne, plus...Read More

Seaborne coking coal prices increased in the cfr market on Monday July 21 after more coal mines in China shut until July 1 or July 15, while the fob market stayed largely stable, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $177.28 per tonne, down $0.56 per tonnePremium hard coking coal, cfr Jingtang: $288.66 per tonne, up $3.62 per tonneHard coking coal, fob DBC...Read More

Iron ore prices fell across the board on Monday June 21 because limited demand for steel weakened sentiment for the steelmaking raw material, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $208.15 per tonne, down $10.75 per tonne 62% Fe low-alumina fines, cfr Qingdao: $210.00 per tonne, down $10.24 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $175.53 per tonne, do...Read More

Fastmarkets has corrected its PCI low-vol cfr Jingtang index, which was published incorrectly on Friday June 18 due to an error.Fastmarkets' weekly index of PCI low-vol cfr Jingtang (MB-COA-0007) on June 18 was published as $171.47 per dry metric tonne. The price should have been $171.34 per dry metric tonne.Fastmarkets' pricing database, MInD, has been updated to reflect this change.To provi...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 16 points in pre-opening trade.Kroger added $0.06 to $38.81 after Deutsche Bank raised its target price from $36 to $41.ConocoPhillips gained $0.29 to $57.82 after Mizuho raised its target price from $73 to $82.Amazon advanced $7.02 to $3,493.92 in anticipation of a successful two day Prime Day marketing program launch...Read More

China's domestic rebar prices fell sharply on Monday June 21 amid weaker demand and declining iron ore futures.DomesticEastern China (Shanghai): 4,880-4,920 yuan ($754-761) per tonne, down 80-90 yuan per tonne Some construction projects in several major Chinese cities, including Beijing and Shanghai, have stopped work ahead of July 1 celebrations marking the 100th anniversary of the founding of th...Read More

Prices for seaborne iron ore pellets and concentrate increased again in the week ended Friday June 18 amid an uptrend in the high-grade fines segment.Fastmarkets iron ore indicesIron ore pellet premium over 65% Fe fines, cfr China: $62.40 per tonne, down $0.40 per tonne. 65% Fe blast furnace pellet, cfr Qingdao: $304.92 per tonne, up $7.23 per tonne.66% Fe concentrate, cfr Qingdao: $242.63 per ton...Read More

Singapore's DBS has commenced trading as a Category 4 member on the London Metal Exchange, the bank said on Monday June 21.It is the first bank in Asia to have a remote membership with the LME outside of London, it said."With the new membership, DBS' corporate clients in Singapore, China, India, Indonesia, Korea and Hong Kong will have access to a comprehensive suite of hedging and financial solut...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, in-whs...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.Read More

Key data from the Friday June 18 pricing session in China.Key drivers Spot cobalt metal price moved up amid strengthening futures market and continuing increases in the international benchmark metal price. Buyers sent more inquiries, but buying activities remained thin.Cobalt tetroxide prices were mostly rangebound, but more producers have started...Read More

Key data from Fastmarkets' pricing session in China on Friday June 18.Key drivers Spot silicon supply remained quite tight even though furnaces in Yunnan province have started to operate. Production is...Read More

Aluminium scrap prices in Europe and the United Kingdom remain at multi-year highs due to the availability of scrap material continuing to be squeezed across the continent, sources told Fastmarkets.The market is now experiencing the long-term impact of Covid-related global manufacturing shutdowns and production suspensions due to the semiconductor chip shortage, according to sources.Market partici...Read More

The Toronto-listed shares of Lundin Mining (TSX: LUN) fell by more than 12% on Monday after the base metals company announced a near-14% drop in expected copper output at the cornerstone Candelaria copper-gold mine in Chile.Lundin says it will be adjusting the near-term mining sequence in Phase 10 of the Candelaria open pit for the second half of the year, which will impact the volume of direct or...Read More

Gold Royalty (NYSE-AM: GROY), which went public in March and has a portfolio of 18 net smelter return royalties ranging from 0.5% to 2.0% covering 12 projects in the Americas, is acquiring Ely Gold Royalties (TSXV: ELY; US-OTC: ELYGF) in a deal valuing Ely at about $300 million.Ely Gold Royalties is focused on Nevada and has royalties on three of the state's largest gold mines- Jerritt Canyon, Gol...Read More

GoldMining (TSX: GOLD; NYSE: GLDG) has released an updated resource estimate for its 100%-owned Whistler project in the Yentna mining district of Alaska, 150 km northwest of Anchorage.The updated resource includes the Whistle, Island Mountain, and Raintree West gold-copper deposits and has delineated 118.2 million indicated tonnes grading 0.51 gram gold per tonne, 2.19 grams silver per tonne, an...Read More