The price of shredded scrap imported into India moved up on Friday October 23 on a rise in the international market and tight material availability, sources told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $316.16 per tonne on Friday, up from $308.62 per tonne a week ago.Deals heard this week ranged from $315 to $316 per tonne, compared wi...Read More
Turkish steel mills look set to book further deep-sea scrap cargoes following a recent rise in rebar sales, sources told Fastmarkets on Friday October 23.Although there were no confirmed bookings for deep-sea cargo purchases on Friday, there was enough talk in the market to suggest possible further cargoes, following recent rebar sales and Turkish mills confirming their or...Read More
Now is not the time for Freeport-McMoRan to be thinking about mergers and acquisitions, the mining company's chief executive officer says.According to Richard Adkerson, the company - which is just over half-way through a mega-project to transform its giant Grasberg copper-gold mine in Indonesia from an open-pit to an underground operation - is on the verge of creating huge shareholder value."I jus...Read More
The domestic Chinese battery-grade lithium carbonate price rose for a second consecutive week on Thursday October 22, supported by reducing stocks and firm offer prices from bullish producers. China's battery-grade lithium carbonate price narrowed up by 1,000 yuan per tonne on bullish offers. China's industrial-grade lithium carbonate price moved up amid tight supply. The Chinese domestic lithium...Read More
Despite the negative impact of the Covid-19 pandemic on the global economy, a combination of factors will drive strong adoption of electric vehicles (EVs) in 2021, panelists at the London Metal Exchange's Focus Day webinar on EVs said on Thursday October 22.New models to boost salesWith the number of EV models available in the market increasing rapidly, panelists said they expect to see increased...Read More
Domestic prices for hot-rolled coil in Northern Europe were fairly stable day on day on Friday October 23, but buyers expected mills to push their offer prices upward soon, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?496.67 ($587.67) per tonne on Friday, down by just ?,?0.83 per tonne day on day from ?,?497.50 per tonn...Read More
View the Fastmarkets holiday pricing schedule for 2020 and 2021. Click on the image below to view the Fastmarkets holiday pricing schedule for base metals, minors, ores & alloys and industrial minerals, and ferrous prices for 2020 and 2021.The 2020 calendar has been updated to include the extended Lunar New Year holiday in China, which affected certain prices. See the following pricing notices for...Read More
Domestic prices for secondary steel billet in India increased by 1,200 rupees ($16) per tonne in the week to Friday October 23, mainly on account of an equal rise in the price of direct-reduced iron (DRI), which is the most widely used feedstock for making secondary billet in the country.The price of steel billet, domestic, ex-works India, was assessed by Fastmarkets on October 23 at 31,300-31,500...Read More
Poland's rebar producers had to cut their domestic prices this week to spur slow buying activity, with market participants expecting a price rollover in the coming weeks, sources told Fastmarkets on Friday October 23.Buying appetite among Polish rebar buyers was moderate during the assessment week, sources said."Demand started to slow in mid-October after the end of a restocking campaign. Some dis...Read More
Rebar prices in the Turkish domestic market increased in United States dollar denomination in the week to Thursday October 22, amid currency fluctuations and an uptrend in the imported scrap sector, market sources said.The Turkish currency was trading at 7.87 lira to $1 on Thursday. This compares with 7.93 lira to $1 a week earlier, $7.91 lira to $1 on October 8 and $7.75 to $1 on October 1, accor...Read More
Domestic prices for secondary steel billet in India increased by 1,200 rupees ($16) per tonne in the week to Friday October 23, mainly on account of an equal rise in the price of direct-reduced iron (DRI), which is the most widely used feedstock for making secondary billet in the country.The price of steel billet, domestic, ex-works India, was assessed by Fastmarkets on October 23 at 31,300-31,500...Read More
Global steel scrap prices have risen over the week to Friday October 23, following Turkey's re-entry into the market and a sharp rise in the prices of Japan-origin material.Turkish mills rejoin scrap market for higher-priced cargoesSentiment positive in US East Coast market despite no fresh dealsVietnamese mills' appetite grows for US material following spike in Japanese pricesTaiwanese scrap impo...Read More
The price of shredded scrap imported into India moved up on Friday October 23 on a rise in the international market and tight material availability, sources told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India at $316.16 per tonne on Friday, up from $308.62 per tonne a week ago.Deals heard this week ranged from $315 to $316 per tonne, compared wi...Read More
Slab export prices from Brazil remained unchanged week on week amid a lack of offers while producers and buyers wait for negotiations for January 2021 shipments to start.Mills were sold out of material for shipment through December, with most sales in the spot market made to the United States, sources said.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil was $490-5...Read More
Domestic prices for secondary steel billet in India increased by 1,200 rupees ($16) per tonne in the week to Friday October 23, mainly on account of an equal rise in the price of direct-reduced iron (DRI), which is the most widely used feedstock for making secondary billet in the country.The price of steel billet, domestic, ex-works India, was assessed by Fastmarkets on October 23 at 31,300-31,500...Read More
Liberty Steel, part of the GFG Alliance, has restarted Adhunik Steel in India six months after it acquired the plant, the company said on Thursday October 22. The company said that it had restarted the first phase of production at Adhunik Metaliks Ltd and Zion Steel following the acquisition of the steel businesses in February 2020. The acquisition of the Indian site is a strategic investment in o...Read More
Ben Hunt - highly respected fund manager, author, and former professor/entrepreneur/venture capitalist - says that to be successful in managing wealth, there's only one question that matters:Are we entering a deflationary future, or an inflationary one?The strategies and appropriate investment targets in each are extremely different, so you'd better answer correctly.Though Hunt says as long as you...Read More
Doug shares his unique observations of the 2nd and final Presidential debate between Trump and Biden. Plus:- Americans choose chocolate over silver- Three Journalists Doug respects- Why Doug thinks a Civil war is inevitable no matter who wins.- Doug & Matt offer their predictions for who will win the election- Doug's famous appearance on the Donahue show: https://youtu.be/uAk...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More