Here are five Fastmarkets stories you might have missed on Tuesday October 6 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe increased day on day on October 6, despite buyers holding back from making new deals, sources told Fastmarkets.Anheuser-Busch InBev (AB InBev), the world's largest brewer, has...Read More
Share this articleTORONTO - Australian miner Newcrest Mining Ltd. says it has conditional approval to list its shares on the Toronto Stock Exchange, a move designed to increase its exposure to North American investors.It says it expects to satisfy remaining conditions for the listing in time to allow trading to start on Oct. 13, adding it plans no equity offering with the listing.Newcrest says the...Read More
Domestic prices for hot-rolled coil in Northern Europe increased day on day on Tuesday October 6, despite buyers holding back from making new deals, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?496.46 ($583.74) per tonne on Tuesday October 6, up by ?,?3.13 per tonne from ?,?493.33 per tonne on October 5.The index was up...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Although we correctly forecast a significant rise in hot-rolled coil (HRC) prices in the United States in September 2020, our price forecast proved too conservative.An impressive V-shaped recovery in key economic fundamentals critical to steel consumption is driving stronger demand for steel at the start of the fourth quarte...Read More
The politicians are fighting over money. Not over how much money they have, how to get more, or how to invest in long-term projects like Eisenhower's Federal Aid Highway Act... No, they are fighting over how much money they can conjure out of thin air and give away to people who will vote for them.The Democrats want to gin up $2.2 trillion and give it away to a long list of pork projects ripe w...Read More
The prices for steel rebar imported into the United Arab Emirates have decreased in the past week, with demand being only moderate and domestic prices static, market sources said on Tuesday October 6.Domestic rebarThe country's biggest producer, Emirates Steel, has been offering rebar since September 15 at 1,936 dirhams ($527) per tonne ex-works for orders to be produced in October, while Conares...Read More
October is a month that can be full of surprises. So far, 2020 has been full of bad surprises. But, what if we start to get some mean reversion back to positive surprises?Today on INK Ultra Money, David Rosenberg gives us his take on the outlook for markets via a Real Vision interview with Ed Harrison. As usual, his base case is for subdued growth leading to disinflation or deflation. However, he...Read More
Mexican ferrous scrap prices remained stable in the week ended Friday October 2, amid a downturn in market sentiment and fears among sellers that prices could fall later this month.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Bajio, at 6,450 pesos ($290) per tonne on Tuesday October 6, and the corresponding steel scrap No1 heavy melt, consumer buying pr...Read More
Fastmarkets proposes to launch a weekly Pakistan import shredded steel scrap index to complement Fastmarkets' existing steel scrap prices in the South Asia region.Fastmarkets proposes to launch a new weekly price index for the Pakistan shredded steel scrap import market following feedback that such an index would be of value to market participants, both by itself and in conjunction with Fastmarket...Read More
The prices for steel rebar imported into the United Arab Emirates have decreased in the past week, with demand being only moderate and domestic prices static, market sources said on Tuesday October 6.Domestic rebarThe country's biggest producer, Emirates Steel, has been offering rebar since September 15 at 1,936 dirhams ($527) per tonne ex-works for orders to be produced in October, while Conares...Read More
An overview of the chrome ore and alloy markets and their latest price moves.Europe The market for high-carbon material was stable, with a broad range of prices still being reported, although transaction volumes were relatively low. Many market participants had begun negotiations for long contracts for 2021, with participants reporting...Read More
The recovery in manganese alloys prices in Europe in the past week or two may have limited space to move higher in the near term due to depressed end-user steel demand in the automotive and construction sectors, according to trade sources and available industry data. Until the past week or two, manganese alloys prices in Europe had been trending downward since late April due to the effects that na...Read More
Peter Krauth explains why he believes gold stocks are "churning out some serious profits that are likely to just keep getting better." It's not too late for you to buy gold and gold stocks on the cheap.If you haven't already, you may want to seriously consider it.That move might set you up for a run over the next few years that could turn into your single best investment...ever. You see, gold sto...Read More
Fremont Gold reported it intercepted 50.3m of 1.05 g/t Au at its Griffon gold project in Nevada and announced plans to initiate a fall drill program at its North Carlin project. In a news release, Fremont Gold Ltd. (FRE:TSX.V; FRERF:OTCQB; FR2:FSE) announced that it has "received nearly all the remaining assay results from the recently completed phase 1 drill program at the past producing Griffon...Read More
Whether the market is foreign or domestic, equity, commodity or metal the grind is on. Speaking of grind, the one in gold has been expected as the metal builds out its big picture Handle to the bullish Cup with an objective that is much higher. Let’s take a look at a few NFTRH charts to gauge the grind in several markets and by extension, the grind many feel on their nerves these days. It&rs...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
Technical analyst Clive Maund takes a look at silver and explains why he believes it's a good time to build positions.More than a few traders are confused about what is going on with silver here after its recent reaction, but when we look at its long-term chart the situation quickly becomes clear. So we will start this update by looking at silver's 13-year chart in order to get big picture perspec...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 Tuesday October 6 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe increased day on day on October 6, despite buyers holding back from making new deals, sources told Fastmarkets.Anheuser-Busch InBev (AB InBev), the world's largest brewer, has...Read More