The company, which has reported an 82% year-on-year increase in net profit to US$5.Read More
European alloy steel scrap prices widened downward this week to reflect lower nickel costs, sources told Fastmarkets on Friday August 23.This week, nickel prices retreated slightly from the four-and-a-half-year high reached on August 16. Given the rapid increases seen previously, traders were cautious and only some transactions reflected these losses in the prices of alloy steel scrap.The price...Read More
With little changed in the depressed markets, focus will now turn to what ideas central bankers come up with when they meet at the Economic Policy Symposium at Jackson Hole, in the US state of Wyoming, on Friday August 23.Thursday's flash manufacturing purchasing managers' indices (PMI) showed US manufacturing moving into contraction for the first time since 2009, while Japan and Europe remained i...Read More
Capacity swaps were introduced in 2013, allowing the building of new plants to replace existing plants' capacity by an equal or lower amount within the same company or between groups of companies. The policies were the result of the Chinese government working to curb domestic aluminium capacity.Fitch estimates more than seven-million tonnes of capacity quotas have changed hands from the start of t...Read More
An overview of the battery raw materials markets and their latest price moves.Read More
China's domestic spot battery-grade lithium carbonate and hydroxide prices concluded at lower prices on high material inventory in China and lower prices from small-sized producers and traders trying to boost sales amid the price downtrend, while prices in the rest of the world prices sat unchanged. Battery-grade lithium carbonate and hydroxide prices down on short-term negative sentiment and ampl...Read More
Indian domestic prices for hot-rolled coil (HRC) remained stable in August with import volumes of this key upstream commodity coming to a halt, Fastmarkets heard on Friday August 23."We have been able to maintain domestic HRC prices for the current month because there is no threat of low-priced HRC imports entering the [Indian domestic] market for some [foreseeable] time," an official from an Indi...Read More
Turkish import prices for hot-rolled coil and cold-rolled coil decreased over the week ended Friday August 23, while the price of HRC exports increased with higher offers, sources told Fastmarkets. Turkey was celebrating the Islamic religious holiday of Eid-Al Fitr on August 12-14, leaving the market steady last week. This week, domestic demand was moderate, but sources said this is because buyers...Read More
Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil were stable over the week ended Friday August 23, with the market still slow after the Eid al-Adha religious holiday, sources told Fastmarkets.Turkey was on eid holiday on August 12-14, and the market was stable over the other two working days of last week.The country's main export market, Europe, was also in its holiday sea...Read More
Domestic rebar prices in Poland remained unchanged this week, with the seasonal summer slowdown inhibiting market activity, sources told Fastmarkets on Friday August 23.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Poland remained at 2,150-2,200 zloty ($547-559) per tonne on August 23.The assessment...Read More
Calidus Resources Limited (ASX:CAI) is a gold exploration company, which controls the 1.25 million ounce Warrawoona Gold Project, in the East Pilbara district of the Pilbara Goldfield, in Western Australia. We learned from Dave Reeves, Managing Director of Calidus Resources, that they have just completed a prefeasibility study, which shows an initial six-year mine life at 100,000 ounces per annum,...Read More
It's the most abundant element in the universe... and it could be the key to solving all the world's energy issues.We've long known about hydrogen's potential role in the global energy system.In fact, fuel cell was first invented over 200 years ago.In 1800, English physicists and inventors first described the process of using electricity to split water into hydrogen and oxygen. Then in 1839, Welsh...Read More
China's domestic rebar prices were stable on Friday August 23, with some restocking being done ahead of the weekend keeping the market supported.Domestic Eastern China (Shanghai): 3,660-3,690 yuan ($516-521) per tonne, unchangedNorthern China (Beijing): 3,600-3,630 yuan per tonne, unchangedTraders kept their prices flat despite gains in the figures market in an effort to secure more sales before t...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
Global scrap prices trended downward during the week ended Friday August 23, negatively affected by lackluster demand with buyers taking a pessimistic outlook on scrap prices in the near term. Turkish import prices down on tepid demand US export prices flat on lack of trading Asian import prices decline, buyers wait for lower prices Indian prices hit new year-to-date low.TurkeyTurkish mills finall...Read More
The import pig iron market in the United States was slow and soft in the week to Friday August 23, with most participants preferring to remain in wait-and-see mode amid price trend uncertainty, sources told Fastmarkets.Fastmarkets' price assessment for pig iron import, cfr Gulf of Mexico, US, slipped to $360-365 per tonne on August 23, down by $3-5 per tonne from $365-368 per tonne the week before...Read More
European alloy steel scrap prices widened downward this week to reflect lower nickel costs, sources told Fastmarkets on Friday August 23.This week, nickel prices retreated slightly from the four-and-a-half-year high reached on August 16. Given the rapid increases seen previously, traders were cautious and only some transactions reflected these losses in the prices of alloy steel scrap.The price...Read More
Turkish steel billet prices fell this week on sluggish demand and a downturn in imported scrap costs, sources said on Thursday August 23.Fastmarkets' weekly price assessment for steel billet import, cfr main port Turkey, was $410-415 per tonne on Thursday, August 22, down from last week's $420-425 per tonne cfr. Suppliers in the Commonwealth of Independent States (CIS) have lowered their offer pri...Read More
Prices in Southeast Asia's steel billet market declined on Friday August 23 after Indian producers reduced their offer prices, although buying interest remained weak."Buyers in the Philippines are expecting prices to fall further and have [so far] resisted the lower offers because [off poor demand and low prices in] the domestic long steel market," a trader in the Philippines said."However, market...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 352,29452,30145,250133,408469,658530,952567,209 Change from Prior Reporting Period 6,071-3,832-2,208-3,4159,1084483,068 Traders 22860745659308171 Small Speculators LongShortOpen Interest 63,85527,598594,807 397-2,223845 non reportable posi...Read More