Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe US Bureau of Land Management released the EIA at the end of March for a road to connect the project area to the existing Dalton highway, the main road that traverses the state.Read More

ArcelorMittal plans to temporarily idle the second blast furnace (BF) and coking plant at its Fos-sur-Mer flat steel plant in France due to the economic downturn resulting from the Covid-19 pandemic, the company told Fastmarkets on Wednesday April 22.The hot idling of the equipment will "take a few weeks," the company said.The steelmaker had already stopped the other BF, and the converter and cont...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesAntofagasta said measures taken to counter the threat of the pandemic meant total production for the year would be "towards the lower end" of its guidance range of 725,000-750,000 tonnes "assuming ourRead More

Like all other flat-rolled steel products in the United States, coated products have also felt the burn from the Covid-19 pandemic with prices tumbling month on month. While crude oil prices have dropped sharply and automakers have put their production in North America on pause, flat-rolled steel markets as a whole have been hurt - despite mills' efforts to cut production and capaci...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesWith four copper exploration partnerships in the West Tethyan Belt in Serbia and Bulgaria and other projects available for partnering, the company is utilising the suspension of field work forced byRead More

Prices for hollow steel sections in Europe moved downward this week, with demand almost non-existent despite restarts by Italian mills, sources told Fastmarkets on Wednesday April 22.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?585-600 ($634-651) per tonne on Wednesday, down from ?,?590-610 per tonne one week before.This week, all ey...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesKukielski, soon to celebrate his first anniversary at the company, is more excited than ever about the opportunities before the company.Read More

Despite signs of the Covid-19 virus being brought more under control with daily death tolls in most major economies now in decline, the rebound in demand is slow and this seems to be weighing on metals prices this morning, Wednesday April 22.But with broader markets starting to pick up, the metals may shake off their early weakness.One of the problems is that while manufacturing and industry can r...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 34 points in pre-opening trade. The Canadian Dollar was virtually unchanged at U.S. 70.70 cents following release of Canada's March Consumer Price Index at 8:30 AM EDT. Consensus was a decline of 0.4% versus a gain of 0.4% in February. Actual was a decline of 0.6%.Netflix slipped $3.83 to $430.00 despite announcing a h...Read More

While some Type 300 stainless steel scrap prices in the United States rose slightly week on week due to an uptick in London Metal Exchange nickel prices and the continued shortage of material in the supply chain, sources were cautious about referring to the increase as a recovery while the Covid-19 pandemic continues."Supply is still the fundamental factor supporting stainless prices. Scrap flow h...Read More

Turkey has gone quiet in the international ferrous scrap export market, but exporters operating at docks in the United States have been scurrying to find enough material to fill vessels scheduled to ship in May and June.East Coast recyclers booked six scrap cargo sales to Turkey totaling an estimated 200,000 tonnes between Monday April 6 and Thursday April 16. Of this, an estimated 130,000 to...Read More

Turkish steel producers continued to stay away from the deep-sea scrap import markets amid weak finished steel demand and lower steel output because of the Covid-19 pandemic, sources said on Wednesday April 22.Having booked at least seven deep-sea cargoes last week, totaling almost 220,000 tonnes, market participants believe the mills have enough scrap for now."I can say there is no trad...Read More

Japanese ferrous scrap export prices rose again on Wednesday April 22 with lower availability and more sales to Taiwan driving prices up, market sources said.One scrapyard source reported gradually decreasing scrap supply in Japan amid slowing economic activity in a similar development to the low-availability environment in both the United States and Europe, Fastmarkets was told.Japan announced it...Read More

Seaborne coking coal prices mostly dropped slightly on Wednesday April 22, with some market sources expecting steel mills located outside China to offer materials to the East Asian country due to lackluster demand in other markets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $124.02 per tonne, down by $1.03 per tonne.Premium hard coking coal, cfr Jingtang: $135.70 per tonne, up by $0.66...Read More

Seaborne iron ore prices recovered from losses seen the previous day amid active portside trading on Wednesday April 22.Fastmarkets iron ore indices  62% Fe fines, cfr Qingdao: $85.04 per tonne, up $0.67 per tonne 62% Fe low-alumina fines, cfr Qingdao: $86.66 per tonne, up $0.70 per tonne58% Fe fines high-grade premium, cfr Qingdao: $67.40 per tonne, up $0.82 per tonne. 65% Fe Brazil-ori...Read More

Aluminium stocks on the London Metal Exchange continue to rise and there is now a lack of warehouse space in key Asia locations in a situation that mirrors issues during the 2008 financial crash, sources told Fastmarkets. With a number of aluminium producers switching their value-added product production to primary aluminium and end-user demand increasingly weak due to Covid-19 shutdowns, storing...Read More

China's domestic rebar prices edged up on Wednesday April 22 amid a recovery in the futures market and increased trading in comparison with the past two days. Eastern China (Shanghai): 3,430-3,450 yuan ($483-488) per tonne, narrowed upward by 10 yuan per tonneNorthern China (Beijing): 3,430-3,460 yuan per tonne, widened upward by 10 yuan per tonne Rebar futures rose in tandem with the rising...Read More

China's domestic hot-rolled coil prices were largely stable on Wednesday April 22 amid increased trading activity, while exporters continued to wait for opportunities to sell their products abroad after other countries issued offers similar to theirs.DomesticEastern China (Shanghai): 3,290-3,320 yuan ($465-469) per tonne, widening downward by 10 yuan per tonneNorthern China (Tangshan): 3,240 yuan...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday April 22.Key drivers: Spot market sees thin trade but steady inquiries with buyers hoping to keep abreast of price changes in the context of supply cuts at CTT and Ambatovy, and upstream logistical pressures in Africa. Sellers...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday April 22.Key drivers Europe ferro-titanium market extends steady trend for a third consecutive week while supply worries support prices amid reduced production both within the continent and abroad. UK-based sources say domestic production has been cut up to as much as 20% from some furnaces due to reduced staffing levels while worke...Read More