Prices for cold-rolled coil and galvanized steel sheet in the United States rose after buyers perceived enough demand to accept a portion of the latest producer hikes. Phasing in a series of five price increase announcements, some sheet mills raised their offers as of January 10 or thereafter, generally by $1-2 per hundredweight ($20-40 per short ton), according to market participants. The higher...Read More

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

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

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

Turkish prices for hot-dipped galvanized coil (HDG), and color-coated coil or pre-painted galvanized iron (PPGI), narrowed in response to improving demand in the week to Friday January 17, sources told Fastmarkets.Demand picked up after buyers returned from the year-end holidays, they said.Domestic pricesLocal producers were offering 0.5mm HDG at $640-670 per tonne ex-works, with deals h...Read More

Diamond miner Lucara Diamond has entered into a collaboration with famous luxury house Louis Vuitton and diamond manufacturer HB Company to manufacture its historic 1 758 ct Sewelô diamond that was recovered from Lucara’s Karowe diamond mine, in Botswana, in April last year.The purpose of the collaboration is the planning, cutting and polishing of a collection of diamonds from&nbs...Read More

Some flat steel prices fell in Turkey during the week ending Friday January 17, following weakening scrap prices. Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey fell sharply by 5.2% to $280.70 per tonne on January 16, from $295.85 per tonne on January 15. Prior to this, the ferrous raw material price had been stable for five daily pricing ses...Read More

Salzgitter Mannesmann Staalhandel, the trading part of Germany's Salzgitter group, has acquired heavy plate specialist trading company Statendam Steel Plates, Salzgitter said on January 16.The acquisition of the Netherlands-based company is effective from December 31, 2019.Statendam Steel Plates supplies customers in the Netherlands in the construction, trading, boiler manufacturing, mechanical en...Read More

An overview of the battery raw materials markets and their price moves from the past week.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

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaThe company spent US$624 million on exploration in 2019, up from $488 million in 2018.Read More

The Turkish deep-sea scrap markets were quiet at the end of the week, as market participants digested the latest sale, which sent prices down by $13 per tonne, sources said on Friday January 17.Late on Wednesday, January 15, a steel mill in the Izmir region booked a US cargo of 35,000 tonnes of HMS 1&2 (95:5) at $295 per tonne cfr. This would put the HMS 1&2 (80:20) price at $288 per tonne, compar...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesThe Toronto-based company said overall production of 5.5 million ounces gold was close to the top-end of its annual guidance of 5.1-5.6Moz, with copper output of 432Mlb topping the high-end of guidance for 430Mlb.Barrick attributed its success in part to its 61.5% stake in the Nevada Gold Mines joint venture with Newmont, whic...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe Vancouver-based company said Thursday the project now had a net present value of C$1.3 billion (US$1 billion), which reflected a $500 million increase over the 2014 feasibility study."The leverage this mine has to metal prices is huge, and with only a 10% increase in these assumptions, the pre-tax NPV climbs to $2 billion," CEO...Read More

The pig iron export market in the Commonwealth of Independent States (CIS) remained firm on low material availability during the week ended Thursday January 16, although no sales were reported, sources told Fastmarkets. "Last week was really quiet and I see that all players took their time this week too in order to check where the market level is," one exporter said. "There is definitely no pressu...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesUnder the creditor agreement—which has the support of the Ministry of Mines and Energy—the Oroya assets will be transferred to a new company called Nueva La Oroya which will be owned by workers as labour creditors. This will take place before June 30.The Cobriza copper mine, which has capacity to produce 20,000 tonnes p...Read More

Iron ore Carajas (IOCJ) and Brazilian blended fines (BRBF) transactions took place at higher prices on Friday January 17, in anticipation of limited supplies of both brands in February-March, traders told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $97.58 per tonne, up $1.22 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $96.62 per tonne, up $1.22 per tonne.62%...Read More