Hybrit, the fossil-free steel initiative joint venture by Swedish steelmaker SSAB, iron-ore producer LKAB and power company Vattenfall, has received 22 million Swedish Krona ($2.4m) from the Swedish Energy Agency for a comprehensive feasibility study, it said on Monday October 5. The pilot plant for the hydrogen direct reduction of iron ore started operation in Lule??, Sweden, on 31 August. P...Read More

Here are five Fastmarkets stories you might have missed on Monday October 5 that are worth another look.Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye.After United States sanctions cut off supplies of microchips...Read More

Prices in the Black Sea export steel slab market softened in the week to Monday October 5 on the weakening of flat steel prices in the region as well as falling scrap costs in Turkey, which is one of the major sales outlets for CIS slab.The weekly price assessment for steel slab, export, fob Black Sea, CIS, was $445-460 per tonne on October 5, down week on week from $460-472 per tonne.Most recent...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Having found it easier to increase prices than their counterparts in Europe and the United States during the past few months, Asian stainless steelmakers now face a number of concerns.In the short term, Asian prices have moved down in recent weeks while those in Europe and the US are on the up. This is mostly a reflection of...Read More

Technical analyst Clive Maund charts recent movements in the gold market and what they may indicate going forward.In the last Gold Market update we had thought that it might break out upside from the Triangle that was forming, mainly because of its positive Accumulation line coupled with favorable seasonal factors, but instead, after moving sideways for a while, it broke down, as we can see on its...Read More

Gold is trading really close to its 2011all-time high. This is obviously a critical level for the future of goldprices.Historically gold in US dollars often clearssignificant all-time highs only some time after significant currencies like theEuro and British pound.This is mainly due to US dollar behaviourduring times of significant risk aversion, like we’ve had this year and 2008,for example...Read More

Here are five Fastmarkets stories you might have missed on Monday October 5 that are worth another look.Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye.After United States sanctions cut off supplies of microchips...Read More

Most Turkish flat steel prices decreased toward the end of September 2020 and market sources expected further price reductions to come amid price falls for raw materials, Fastmarkets heard on Monday October 5.Turkish flat steel producers were fully booked through September, with trading sources reporting that the market was moderate for most of the month because of strong demand in Asia at the beg...Read More

Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye. This weekend numerous reports appeared in the British press indicating that Chinese steel company Hebei Jingye Group had expressed interest in acquiring Tata Steel's flat steelmaking asset, Port Talbot. Tata Steel called this information "speculative" in a comment to Fastmarkets on Mon...Read More

Here are five Fastmarkets stories you might have missed on Monday October 5 that are worth another look.Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye.After United States sanctions cut off supplies of microchips...Read More

Most Turkish flat steel prices decreased toward the end of September 2020 and market sources expected further price reductions to come amid price falls for raw materials, Fastmarkets heard on Monday October 5.Turkish flat steel producers were fully booked through September, with trading sources reporting that the market was moderate for most of the month because of strong demand in Asia at the beg...Read More

The three-month nickel price on the London Metal Exchange was higher at the close of trading on Monday October 5, climbing firmly above nearby resistance at $14,600 per tonne despite the complex-wide absence of Asian trading volumes.A similar upsurge saw LME tin futures close above the $18,000-per-tonne threshold for the first time in a fortnight.Nickel's outright price on the LME closed at $14,64...Read More

Domestic prices for hot rolled coil in Europe were fairly stable day on day on Monday October 5, although buyers have been holding back from deals because of the long lead times on domestic coil, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot rolled coil index, domestic, exw Northern Europe, at ?,?493.33 ($577.94) per tonne on Monday October 5, up by ?,?2.30 per tonne fro...Read More

Here are five Fastmarkets stories you might have missed on Monday October 5 that are worth another look.Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye.After United States sanctions cut off supplies of microchips...Read More

After United States sanctions cut off supplies of microchips for Huawei smartphones, alarm bells began to ring out across all Chinese industries deemed as pivotal to the country's future development, but reliant on imported materials.And the base metals sector is one of the key areas, according to the chairman of Zijin Mining, Chen Jing-He. "Now we know the importance of securing the sup...Read More

The three-month nickel price on the London Metal Exchange was higher at the close of trading on Monday October 5, climbing firmly above nearby resistance at $14,600 per tonne despite the complex-wide absence of Asian trading volumes.A similar upsurge saw LME tin futures close above the $18,000-per-tonne threshold for the first time in a fortnight.Nickel's outright price on the LME closed at $14,64...Read More

The London Metal Exchange three-month base metals prices were little moved during morning trading on Monday October 5, with price action subdued across the complex after Europe's services sector data disappointed over September, the latest PMI data shows. LME nickel's outright price made the biggest upward move over the morning, but was trading just 0.56% higher at $14,380 per tonne, while both LM...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Having found it easier to increase prices than their counterparts in Europe and the United States during the past few months, Asian stainless steelmakers now face a number of concerns.In the short term, Asian prices have moved down in recent weeks while those in Europe and the US are on the up. This is mostly a reflection of...Read More

RAPAPORT... The Zoom meetings that constituted September's World Diamond Congress lacked the event's trademark pizzazz. The biennial conference, which combines the meetings of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), usually involves a lot of cumbersome organizational housekeeping. But it also provides an opportunity to network...Read More

RAPAPORT... The Natural Diamond Council (NDC) has identified four major trends that will shape consumer spending on jewelry this holiday season, the group revealed in a report published last week. "This season's trends offer something for everyone, but are particularly appealing to young, first-time diamond buyers,"said Jill Newman, NDC's editor-at-large. "It's a modern, contemporar...Read More