Sales of passenger cars in Europe slumped again in August after brief signs of a revival in July, according to the latest data from the European Automotive Manufacturers Association (ACEA).In July, there were signs of a pick-up in demand with only a relatively small overall decline of 5.66% year on year following six consecutive months of double-digit decline.In August, however, the tren...Read More
I sent my niece a card with $20 in it for her birthday.She called to thank me but then delicately requested that in the future I Venmo her any birthday money as it's hard for her to buy anything with cash:This way, it goes right into my account, and I don't actually have to go out anywhere to buy something.Now, to be honest, I'm pretty sure she only spends her money on apps and weed, and apparentl...Read More
While stocks may be taking a breather today, Juliette Declercq, founder of JDI Research, has a generally upbeat outlook over the next few years. Her optimism is grounded in the notion that most global policy makers are quite happy with the Fed's game plan. There is one big risk she sees, however, and that may well be what is holding back stocks today. I really enjoyed this interview, and it is th...Read More
Reinforcing bar prices in the United States continue to drive higher due to price increases announced by domestic mills earlier this month, sources told Fastmarkets.Fastmarkets' assessment for steel rebar, fob mill US was at $29.75 per hundredweight ($595 per short ton) on Wednesday September 16, up by 1.7% from $29.25 per cwt last week and by 6.3% from $28 per cwt on September 2.Co...Read More
Imported billet prices narrowed downward in Egypt on lower offer prices over the week while local rebar prices increased, sources told Fastmarkets on Thursday September 17.No bookings were heard done during the week, however, because of the weak end-user demand in Egypt, sources said.The reason demand was slow is the weak construction activity after a construction ban was imposed in the country on...Read More
Turkish domestic long steel prices have gone down slightly amid weak demand, sources said on Thursday September 17.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 4,000-4,010 lira ($533-535) per tonne on Thursday, down from the 4,050-4,080 lira per tonne of last week, including 18% VAT.Read More
The Turkish steel mills have extended their absence from the deep-sea scrap markets amid weak finished long steel demand in their local market, sources said on Thursday September 17.The country's steelmakers booked seven deep-sea scrap cargoes, totalling around 230,000 tonnes, in the first half of last week before retreating from the market on September 10.The most recent transactions...Read More
The takeaways from the latest edition of the Steel Raw Materials Market Tracker are ready to view.Iron ore prices remained relatively stable last week, signalling an end to the price spike. And for the first time since March, at the time of the Covid-19 lock-down in Hubei, we have seen a consistent downturn in utilization rates in China. Blast furnace utilization rates dropped for a fifth consecut...Read More
Seaborne iron ore prices remained on a downward trend on Thursday September 17 amid weaker market sentiment, trade sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $122.36 per tonne, down $1.84 per tonne.62% Fe low-alumina fines, cfr Qingdao: $122.59 per tonne, down $1.81 per tonne.58% Fe fines high-grade premium, cfr Qingdao: $112.28 per tonne, down $2.22 per tonne...Read More
Imported billet prices narrowed downward in Egypt on lower offer prices over the week while local rebar prices increased, sources told Fastmarkets on Thursday September 17.No bookings were heard done during the week, however, because of the weak end-user demand in Egypt, sources said.The reason demand was slow is the weak construction activity after a construction ban was imposed in the country on...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 17 that are worth another look.China's domestic stainless steel prices experienced a larger rate of decrease over the week ended Wednesday September 16 on dropping demand, although nickel prices remained strong....Read More
Goldcliff Resource Corp. reported it signed an option and arranged financing to purchase a 100% interest in a new discovery of epithermal mineralization near Rock Creek, British Columbia. Kettle ValleyVancouver-based Goldcliff Resource Corp. (GCN:TSX.V; GCFFF:OTCBB), in a news release reported that it signed an option to purchase a "100% interest in a new discovery of epithermal mineralization, 3...Read More
Group Ten Metals continues drilling at its polymetallic Stillwater West property in Montana's Stillwater Mining District. Stillwater West PGE-Ni-Cu Project - 2019 DrillingIn a news release, Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE) announced that the nearly completed induced polarization geophysical survey of its Stillwater West property in Montana "produced impressive results" and...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 17 that are worth another look.China's domestic stainless steel prices experienced a larger rate of decrease over the week ended Wednesday September 16 on dropping demand, although nickel prices remained strong....Read More
* GRAPHIC-2020 asset returns:* Low LME inventories cap copper's losses * Copper still close to two-year high (Updates prices)By Zandi ShabalalaLONDON, Sept 17 (Reuters) - Copper prices were steady inchoppy trade on Thursday as high levels of U.S. unemploymenttook the steam out of a dollar rally a day after an upbeatreading of economic recovery in the world's top economy.Benchmark copper on the Lon...Read More
Sales of passenger cars in Europe slumped again in August after brief signs of a revival in July, according to the latest data from the European Automotive Manufacturers Association (ACEA).In July, there were signs of a pick-up in demand with only a relatively small overall decline of 5.66% year on year following six consecutive months of double-digit decline.In August, however, the tren...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 17 that are worth another look.China's domestic stainless steel prices experienced a larger rate of decrease over the week ended Wednesday September 16 on dropping demand, although nickel prices remained strong....Read More
Sales of passenger cars in Europe slumped again in August after brief signs of a revival in July, according to the latest data from the European Automotive Manufacturers Association (ACEA).In July, there were signs of a pick-up in demand with only a relatively small overall decline of 5.66% year on year following six consecutive months of double-digit decline.In August, however, the tren...Read More
Here are five Fastmarkets stories you might have missed on Thursday September 17 that are worth another look.China's domestic stainless steel prices experienced a larger rate of decrease over the week ended Wednesday September 16 on dropping demand, although nickel prices remained strong....Read More
The three-month price of nickel on the London Metal Exchange was slightly higher at the close of trading on Thursday September 17, gathering momentum above the $15,000-per-tonne threshold despite continued selling pressure over the day.Meanwhile, a steady uptick in LME copper futures came at the cost of tighter forward spreads.Nickel's outright price on the LME closed at $15,084 per tonne on Thurs...Read More