Prices for cold-rolled and galvanized steel sheet in the United States climbed again - extending their historic highs - after buyers reported further challenges in competing for what little spot tonnage is offered by mills.Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US rose to $64 per hundredweight ($1,280 per short ton) on Thursday January 21 from $63 per cwt on Janu...Read More

Look beyond market approach to project valuations: van ZylLeadershipNeo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesThe raising, which will see 10 million shares issued at 6.6p/sh, follows Read More

(Updates prices) LONDON, Jan 22 (Reuters) - Copper fell on Friday alongsidestock markets and oil prices as poor economic data and newcoronavirus restrictions in China, the world's biggest rawmaterials consumer, weakened the outlook for economic growth anddemand.But losses eased after U.S. factory figures showed activitysurging to its highest level in nearly 14 years in earlyJanuary. Benchmark copp...Read More

Hot-dipped galvanized (HDG) coil prices decreased in Turkey's export and domestic markets in the week to Friday January 22, amid slow to moderate buying, sources told Fastmarkets.Buyers were cautious because prices for hot-rolled coil, the base product for coated coil, have decreased recently and they want to see if that would affect coated coil prices.Fastmarkets assessed steel hot-rolled coil, d...Read More

Trident aims to fill valuable nicheSPONSOREDtrident royaltiesAdjusted EBITDA for Q4 jumped to its highest level in over a year to US$361m - up 27% q-o-q - but was below US investment bank Jefferies estimates of $401 million.Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part down on Friday January 22, after having been up across the board a day earlier, while markets generally seem to be taking a breather after the enthusiasm the US presidential inauguration brought.Republicans in US Congress are thought to be willing to work with President Joe Biden on his $1.9 trilli...Read More

Poland's rebar producers closed their February rebar sales at increased prices and are now trying to push through new increases but buyers are resisting, claiming that demand is not enough to support it, sources told Fastmarkets on Friday January 22.Fastmarkets' weekly price assessment of steel reinforcing bar (rebar), domestic, exw Poland was set at 2,950-3,000 zloty ($790-803) per tonne on Frida...Read More

Honeywell (HON), a Dow Jones Industrial Average stock moved below $204.85 completing a double top pattern. IBM ((IBM) moved below support at $121.72 after reporting lower than consensus fourth quarter revenues. Raytheon Technologies (RTX), an S&P 100 stock moved below $67.78 completing a double top pattern. Pre-opening Comments for Friday January 22ndU.S. equity index futures were lower this m...Read More

Buyers of steel scrap in global markets were holding back from purchasing new cargoes in the week to Friday January 22, amid a sharp decline in prices and with more material being offered, and were hoping to re-enter the markets only after they have hit a bottom.Turkish import prices slump following fresh dealsUS sales to Turkey, Bangladesh show weaker pricesLower offers from Japan keep Vietnam bu...Read More

The price range for UK-origin light iron has widened downward in the week ending Friday January 22, with the lower end of the range falling because weaker export prices into traditional markets have put pressure on domestic prices in Britain, trade sources said.This downward pressure was mitigated, however, by relatively tight supplies coming into yards, as a result of reduced arisings from the au...Read More

The export market for pig iron from the Commonwealth of Independent States softened during the week to Thursday January 21 on buyers' pessimism amid a falling scrap market, sources told Fastmarkets.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $540-555 per tonne on Thursday, widening downward from $550-555 per tonne fob previously."The s...Read More

The price of shredded steel scrap imported into India and Pakistan plunged by more than $50 per tonne on Friday January 22, following a sharp correction in the international scrap market, sources told Fastmarkets.IndiaFastmarkets calculated its steel scrap, shredded, index, import, cfr Nhava Sheva, India at $430.83 per tonne on Friday, down from $480.38 per tonne a week earlier.There wer...Read More

Turkish steelmakers continued to hold back from deep-sea scrap purchases at the end of the week, due to poor sales of finished long steel and billet, sources said on Friday January 22.After the most recent deep-sea transaction heard on January 20, at $440 per tonne cfr on an HMS 1&2 (80:20) basis, Turkish steel producers stepped back from the markets.The transaction on Wednesday pushed the da...Read More

The first delivery of imported scrap to arrive in China since last month's relaxation of import restrictions has been held up by delays at the port, market sources told Fastmarkets on Friday January 22.The bulk vessel of Japan-origin heavy scrap was sold to a Chinese steelmaker early in January.The vessel was originally expected to arrive at port in Shanghai this week, according to a loc...Read More

Seaborne premium hard coking coal price in the cfr market edged up on Friday January 22, on higher offers for Canada-origin coal, but fob prices remained relatively flat, with no transactions heard during the day.Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.99 per tonne, down $0.48 per tonnePremium hard coking coal, cfr Jingtang: $212.95 per tonne, up $1.13 per tonneHard c...Read More

Iron ore prices fell on Friday January 22 due to a negative near-term outlook following the introduction of stronger measures to control the resurgence of Covid-19 cases in China. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $169.97 per tonne, down $1.54 per tonne 62% Fe low-alumina fines, cfr Qingdao: $170.90 per tonne, down $1.36 per tonne 58% Fe fines high-grade premium, cfr Qingdao:...Read More

Latest analysis from recent activity on the CME's cobalt metal futures contract, cash-settled against Fastmarkets' price assessment for cobalt standard grade, in-whs Rotterdam. Key data Jan 20, 2021, 30 tonnes (10 tonnes each for March ($17.95 per lb), April ($18.00 per lb), May ($18.05 per lb)) Jan 11, 2021, 15 tonnes (5 tonnes each for February, March and April, all at $17.45 per lb)&n...Read More

China's domestic rebar prices edged up slightly on Friday January 22, but they remain lower than a week earlier on softening demand ahead of the Chinese New Year holiday.DomesticEastern China (Shanghai): 4,260-4,290 yuan ($659-663) per tonne, widening upward by 10 yuan per tonne Northern China (Beijing) weekly assessment: 4,060-4,110 yuan per tonne, up by 40-50 yuan per tonnePrices in eastern Chin...Read More

The London Metal Exchange complex traded downward on Friday January 22 morning, with nickel down the most with a 1.5% drop and metals relenting on their recent rises due to the 'Biden bounce', even as the dollar continued to weaken. LME tin's three-month price was at $21,935 per tonne, for example, shortly after 9am, a slight move sideways from its Thursday closing price of $22,000 per tonne. ...Read More

Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were for the most part down on Friday January 22, after having been up across the board a day earlier, while markets generally seem to be taking a breather after the enthusiasm the US presidential inauguration brought. Republicans in US Congress thought to be willing to work with President Joe Biden on his $1.9 trillion...Read More