The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, plate, sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More
China's domestic rebar prices edged up further on Thursday November 7 on declining inventory levels, though the futures market registered a drop on a pessimistic outlook.Eastern China (Shanghai): 3,730-3,760 yuan ($532-536) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,650-3,670 yuan per tonne, up 10 yuan per tonnesRebar inventory levels in the spot markets of major Chinese cities wer...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet Read More
JOHANNESBURG – South Africa’s beleaguered State power utility and regulatory uncertainty are the biggest risks for investors wanting to put their money in the country, according to Anglo American.The challenges presented by Eskom Holdings “probably represents our single most-important risk we deal with,” Anglo CEO Mark Cutifani told delegates at an investment conference in...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, beams and other long steel products. Latest transaction: rebarRebar East China, domestic,...Read More
Poster South Africa mine regeneration on trackSPONSOREDorion mineralsAs part of a wide-sweeping management change, the company also appointed Linda Chang as CFO, Purni Parikh as SVP corporate affairs and corporate secretary and James Steels to its board.Solaris intends to undertake a non-brokered private placement financing to raise up to C$5.5 million at C40c a share plus a three-year half warran...Read More
Polymetal building with good momentumSPONSOREDpolymetal internationalAt Cangrejos, the indicated mineral resource is now 469 million tonnes grading 0.59 grams per tonne gold and 0.12% copper and the inferred resource is 255Mt grading 0.43g/t gold and 0.08% copper.Read More
Nordic Mining prepares for lift-offSPONSOREDnordic miningIronRidge derisks through diverse discoveries SPONSOREDironridge resources Polymetal building with good momentumSPONSOREDpolymetal internationalAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftThe resolution, put forward by a group of shareholders led by the Australasian Center for Corporate Responsibil...Read More
Physical iron ore prices weakened further on Thursday November 7 amid losses in derivatives markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $83.17 per tonne, down $0.30 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $83.20 per tonne, down $0.09 per tonne.62% Fe low-alumina fines, cfr Qingdao: $82.05 per tonne, down $0.81 per tonne.58% Fe fines high-premium, cfr Qi...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transaction: iron oreIron oreBeijing Iron Ore Trading Center (Corex), 170,000 tonnes of 62% Fe Pilbara Blend fines, sold at $83.20 per tonne cfr China, laycan December 2-11.Vale, Global Ore, 100,000 tonnes of 65% Fe Iron Ore Carajas, traded at $92.70 per to...Read More
Buyers outside China have emerged in the seaborne coking coal market this month, with a Japanese buyer said to have returned to the market for premium products on Thursday November 7.Fastmarkets indicesPremium hard coking coal, fob DBCT: $132.57 per tonne, down $0.72 per tonnePremium hard coking coal, cfr Jingtang: $146.12 per tonne, down by $0.04 per tonneHard coking coal, fob DBCT: $121.70 per t...Read More
U.S. equity index futures moved higher this morning. S&P 500 futures were up 12 points in pre-opening trade. Index futures responded to news that China and the U.S. agreed to phase out some of their tariffs.Index futures were virtually unchanged following release of the Weekly Initial Jobless Claims report at 8:30 AM EST. Consensus was a drop to 215,000 from a revised 219,000 last week. Actual...Read More
Reports from the United States that the signing of a partial trade deal with China may be delayed until December has deflated recent enthusiasm; a trade deal, or even a partial trade deal, is still illusive - this has been going on for 16 months now.News of the delay seems to have put the brakes on across markets with the base metals trading either side of unchanged with no major moves, while equi...Read More
Chinese stainless steel prices dropped over the past week amid a drop in the nickel market, though participants are not too pessimistic for the former for the next week. The three-month nickel contract on the London Metal Exchange ended Wednesday November 6's trading session at $16,325-16,330 per tonne, down $525 per tonne from a week earlier. The most-traded December nickel contract on the Shangh...Read More
Barring those for nickel and tin, base metals prices on the Shanghai Futures Exchange were all down during the morning trading session on Thursday November 7.The broad-based weakness follows news that United States President Donald Trump and his Chinese counterpart Xi Jinping may not be able to sign a partial trade deal until December. The two sides had initially been expected to meet at the Asia-...Read More
Key data from the Wednesday November 6 pricing session in London. Key drivers The price for manganese flake in Europe edged down this week with several buyers able to book material in Rotterdam at cheaper levels close to $1,650 per tonne. Offers at $1,700 per tonne were turned down. The price has been under pressure on...Read More
Key data from Wednesday November 7 pricing session in Shanghai and London. Key drivers Cobalt hydroxide payables dropped at the start of November after suppliers cut their offer prices to encourage spot buying; spot trade has been slow since China's Golden Week holidays in early October. Chinese consumers have either stood on the sidelines or made aggressive bids (based on refinery net...Read More
Key data from the Wednesday November 6 pricing session in London. Key drivers: Liquidity above $18 per lb thins for both standard grade and alloy grade cobalt after recent weak spot demand entices cheaper offers. Swift rally from $12 per lb to $18...Read More
Fastmarkets invites market feedback on a consultation on a proposed increase in the frequency of its benchmark prices for cobalt standard grade and cobalt alloy grade, in-whs Rotterdam, to daily. This pricing notice was originally published on October 9. Feedback is invited until November 27. Fastmarkets currently assesses both prices on Wednesday and Friday each week.Initial feedback suggests tha...Read More
Southwestern China's Kunming Intermediate People's Court is auctioning the 19,228.05 tonnes of bismuth once held by the defunct Fanya Metal Exchange, according to an official notice published via the Alibaba judicial online platform on Thursday November 7.The auction is scheduled to begin at 10am Shanghai time on November 22 and will...Read More