Metinvest sees stable growth in global steel consumption and potential consolidation in the steel industry driving the profit pool from 2020, with a shift in distribution away from iron ore miners and towards steelmakers, according to sales director Dmitry Nikolayenko."This year has been very interesting from the point of view of profit pool distribution. There was a combination of factors that pu...Read More

The Polish domestic rebar price started to move up in the week to Friday December 13 due to anticipated scrap price increase in the country, sources told Fastmarkets. Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was $292.09 per tonne on December 12, up by 15.33% since the middle of the month when steelmakers last...Read More

Turkish flat steel producers increased their prices again during the week to Friday December 13 in response to strong demand because of low stocks, while raw material prices, especially those for scrap, have continued to increase. Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey was $297.06 per tonne on December 12, rising from $283.95 per tonne on December...Read More

Turkish steel producers have continued to make deep-sea scrap purchases on Friday December 13, with prices climbing higher, sources said.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 24,000 tonnes of HMS 1&2 (80:20) at $299.50 per tonne, 3,500 tonnes of bonus at $309.50 per tonne and 2,500 tonnes of busheling at $314.50 per tonne cfr.A steel mill in the Marmara region book...Read More

The price of ferrous scrap imported into India moved up this week on higher offers but sentiment is turning negative, sources told Fastmarkets on Friday December 13. Fastmarkets' steel scrap, shredded, index, import, cfr Nhava Sheva was $290.75 per tonne on Friday, up from $286.46 per tonne a week earlier. Offers ranged from $285 to $300 per tonne this week, compared with $280 to $290 per ton...Read More

Export pig iron prices from the Commonwealth of Independent States have moved higher during the week ended Thursday December 12, following the uptrend in the scrap market, source told Fastmarkets. Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea was $310-315 per tonne on December 12, up by $5 per tonne week-on-week."Prices for scrap [a relative...Read More

Seaborne iron ore prices rose moderately on Friday December 13 amid gains in the derivatives market and the persistent decline in port stockpiles in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $94.63 per tonne, up $0.61 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.72 per tonne, up $0.61 per tonne.62% Fe low-alumina fines, cfr Qingdao: $94.35 per tonne, up $0.72 per tonne...Read More

Broader markets are upbeat this morning, Friday December 13, because hopes are running high that a preliminary United States-China trade will be signed before new tariffs come into force on Sunday as well as following the United Kingdom’s general election result that means a Brexit deal moves forward.In a post on social media platform Twitter, US President Donald Trump said: “Getting ver...Read More

Seaborne coking coal prices were largely stable on Friday December 13. Market sources reported a transaction involving a cargo of pulverized coal injection (PCI) this week.Fastmarkets indicesPremium hard coking coal, fob DBCT: $136.58 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $147.70 per tonne, down $0.26 per tonneHard coking coal, fob DBCT: $122.33 per tonne, unchangedHard cokin...Read More

Galena provides a leading lightSPONSOREDgalena miningKalia said the incident occurred around midday yesterday.Read More

China's hot-rolled coil exporters raised their offers on Friday December 13 amid a relatively strong domestic market, though prices in the later did not rise further during the day.DomesticEastern China (Shanghai): 3,880-3,890 yuan ($555-557) per tonne, unchangedNorthern China (Tangshan): 3,640-3,650 yuan per tonne, widening downward by 10 yuan per tonneA Shanghai-based trader said trading activit...Read More

Southwestern China's Kunming Intermediate People's Court is auctioning all of the indium stocks once held by the defunct Fanya Metal Exchange, according to an official notice published via the Alibaba judicial online platform on Friday December 13. The auction for 3,609.5 tonnes of indium is scheduled to begin at 10am Shanghai time on December 29 and will end at the same time on the following day....Read More

China's rebar prices moved down in both the domestic and export markets on Friday December 13 amid inactivity. Eastern China (Shanghai): 3,870-3,900 yuan ($555-559) per tonne, down 30 yuan per tonneNorthern China (Beijing): 3,570-3,590 yuan per tonne, down 10 yuan per tonneStockists with a lot of inventory lowered their offers to stimulate sales in anticipation of prices falling even further.But b...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade. Index futures responded to a first stage trade agreement between the U.S. and China and election of a majority government in the United Kingdom.Index futures moved slightly higher following release of the November U.S. Retail Sales Report at 8:30 AM EST. Consensus was an increase of 0.5%...Read More

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

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

The price of stainless steel flat products in Europe was unchanged this week but lower prices are expected in light of poor demand and high stock levels, sources told Fastmarkets on Friday December 13. Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe, was ?,?2,130-2,150 ($2,372-2,394) per tonne...Read More

Austenitic alloy steel scrap prices in the UK domestic market were either stable or narrowed downwards despite nickel prices rising, with poor demand ruling out any increases, sources told Fastmarkets on Friday December 13. Fastmarkets' price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK was ?720-780 ($950-1,030) per tonne on Friday, unchanged week on week. Fa...Read More

Prices in Southeast Asia's steel billet market jumped on Friday December 13 amid the continued presence of Chinese importers in the spot market and an upswing in scrap prices in the bellwether Turkish market. At least 35,000 tonnes of Malaysian and Vietnamese billet have been sold to China at $433-435 per tonne cfr since last week. Billet from Southeast Asia is preferred among Chinese importers du...Read More

December 13, 2019 - Brixton Metals Corporation (the “Company”) (TSXV: BBB) (OTCQB: BBBXF) is pleased to announce the closing of the second tranche of its previously announced private placement on November 6, 2019 of common shares and flow-through common shares of the Company for gross proceeds of $512,324.00 (the “Private Placement”) through the issuance of 1,926,350 flow-t...Read More