Domestic hot-rolled coil prices in Northern Europe are expected to rise next week on a lack of competitive import offers and an improvement in demand, sources told Fastmarkets on Friday January 17.Fastmarkets' daily steel HRC index domestic, ex-works Northern Europe, was ?,?443.78 ($494.67) per tonne on Friday, up by ?,?0.68 per tonne from ?,?443.10 per tonne the previous day. Over the past week,...Read More
Import prices of flat-rolled steel in South America made no clear trend for the week while negotiations between sellers and buyers for March shipments intensified and put some markets under pressure ahead of the Chinese New Year break (January 24-30).Fastmarkets assessed the price for steel hot-rolled coil import, cfr main ports South America at $530-555 per tonne on Friday January 17, up from $52...Read More
Traders reported a spike in interest for China-origin hot-rolled coil in the export market on Friday January 17 amid limited offers from mills ahead of the Chinese New Year break next week.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($561-564) per tonne, unchangedNorthern China (Tangshan): 3,590 yuan per tonne, unchangedPrices were unchanged with sellers keeping offers stable amid the pre-h...Read More
Prices in Southeast Asia's steel billet market fluctuated over the week to Friday January 17 amid improving demand from the Philippines, although market participants were bearish on price levels following the decline in ferrous scrap prices. Ferrous scrap prices in the bellwether Turkish import market fell by more than $15 per tonne on Thursday amid poor rebar sales and lower scrap collection pric...Read More
China's domestic rebar prices remained flat on Friday January 17 amid inactivity, though the futures market gained some strength following the release of economic data for 2019.Eastern China (Shanghai): 3,640-3,670 yuan ($529-533) per tonne, unchangedNorthern China (Beijing): 3,540-3,560 yuan per tonne, unchangedChina's domestic gross product grew by 6.1% last year, the country's National Bureau o...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transaction: rebarRebar East China, domestic, grade...Read More
Austenitic stainless steel scrap prices in Europe were largely stable this week on relatively stable nickel costs, Fastmarkets heard on Friday January 17.Fastmarkets' price assessment for stainless steel scrap 316 solids, domestic, delivered merchants UK, was ?1,170-1,200 ($1,528-1,567) per tonne on Friday, unchanged week-on-week.The corresponding...Read More
The price of ferrous scrap imported into India dropped this week after a sudden sharp fall on the international scrap market had a knock-on effect, sources have told Fastmarkets.Fastmarkets' calculation of the steel scrap, shredded, index, import, cfr Nhava Sheva, was $313.61 per tonne on Friday January 17, down from $317.35 per tonne on January 10.This was the first time the price had fallen sinc...Read More
The inter-merchant spot market for light iron scrap in the UK was up by ?5 ($6.53) per tonne in the week ended Friday January 17, tracking higher prices settled for monthly domestic deliveries to British consumers in January while steady export demand buoyed the country's scrap markets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 376,80957,574137,119221,358571,177735,286765,870 Change from Prior Reporting Period -6,671-3,615-2,24418,90612,6449,9916,785 Traders 22466835759312181 Small Speculators LongShortOpen Interest 61,59731,013796,883 1,0354,24111,026 non reportable positionsCh...Read More
Indian domestic prices for secondary steel billet fell by 700 rupees ($10) per tonne in the week ended Friday January 17, with makers of finished steel products reducing their purchases of semi-finished steel in the wake of falling demand for long products such as rebar.The price of steel billet, domestic, ex-works India, assessed by Fastmarkets on January 17, fell by 700 rupees per tonne to 29,70...Read More
Prices for Brazilian slab in the export market rose in the week to Friday January 17 on recent deals concluded to North America.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil, went up to $430-450 per tonne on Friday from $415-425 per tonne one week earlier.A batch of Brazilian slab was recently sold to a Mexican buyer at $425-430 per tonne...Read More
Prices in Southeast Asia's steel billet market fluctuated over the week to Friday January 17 amid improving demand from the Philippines, although market participants were bearish on price levels following the decline in ferrous scrap prices. Ferrous scrap prices in the bellwether Turkish import market fell by more than $15 per tonne on Thursday amid poor rebar sales and lower scrap collection pric...Read More
Glencore plans to restructure its Rustenburg ferro-chrome smelter in South Africa due to deteriorating conditions in the ferro-chrome market and high power costs, the trader-miner announced on Friday January 17. The company has issued a Section 189 notice- a South African legal requirement representing an intention to retrench staff. Ferro-chrome prices in various global regions have been tra...Read More
The price of stainless steel in the European domestic market was unchanged this week, with sources expecting this stability to persist into February on a relatively flat price development in the nickel market, Fastmarkets learned on Friday January 17.Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304 transaction domestic, delivered North Europe was ?,?2,050-...Read More
After opening flat today, shares of Platinum Group Metals Ltd. climbed to a new 52-week high price fueled by high demand and increases in platinum group metals prices. The firm claims its primary objective is now the advancement of the palladium dominant Waterberg Project in South Africa.After reporting quarterly earnings earlier this week, Vancouver-based platinum and palladium focused mining com...Read More
The explorer that owns the asset reports the final results of its 2019 core drill program. Black PineLiberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release that the six large diameter core holes drilled at Black Pine in Idaho all returned thick intervals of high grade oxide gold mineralization. With these results, all holes drilled thus far at the project have been reported.Hole LB...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ending Friday January 17. China Spot domestic ferro-chrome held amid low spot market activity prior to the Chinese New Year holiday (January 24-30). The charge chrome market was stable with no activity expected before...Read More
Wall Street's "fear gauge" logged its lowest close in over a monthThe Dow eked out a wintoday and capped off a perfect week with a fresh record high. As it's done all week, upbeat economic data and corporate earnings fueled today's gains, with oil stock Schlumberger (SLB) the most recent example of the latter. The S&P 500 and Nasdaq both finished higher as well, and all three benchmarks secured so...Read More
Chinese steel production increased in 2019 amid stronger demand from the construction sector, according to data released by China's National Bureau of Statistics on Friday January 17.2019 outputCrude steel: 996.34 million tonnes, up 8.3%Finished steel: 1.2 billion tonnes, up 9.8% ...Read More