They "knowingly and intentionally conspired and agreed with others to aid and abet" the dispensing of medication from doctors "without a legitimate medical purpose and outside the usual course of professional practice,"Continue...Read More
Whoever wins, we lose. That's why I'm putting my money on gold. Other investors appear to have done the same. The yellow Continue...Read More
The arrival of lower-priced cargoes and weakening downstream demand weighed on the market for UG2 chrome ore in China in the week ended Tuesday October 20, although liquidity was light.Fastmarkets' chrome ore South Africa UG2 concentrates index, basis 42%, cif China, fell by $4 per tonne (-2.9%) to $135 per tonne on Tuesday, from $139 per tonne a week earlier."More people are looking to sell than...Read More
A global boom in home appliance sales during the Covid-19 pandemic is causing a shortage in flat steel supplies in China, and in turn supporting prices, Fastmarkets has heard.Jiang Yuan, deputy director of the Department of Industrial Statistics at the country's National Bureau of Statistics (NBS), said that China's output of home appliances including fridges and ovens rose by more than 26% year-o...Read More
The European Commission (EC) has opened an anti-dumping (AD) probe into imports of steel wind towers originating in China, the commission said on Wednesday October 21.The investigation started after the European Wind Tower Association lodged a complaint on behalf of European producers on March 17 - the association represents more than 25% of the total European production of steel wind towers.The p...Read More
Crude steel output in Germany continued to fall in September but the pace of decline is slowing, while output from electric-arc furnaces (EAFs) has shown positive dynamics for the first time since February, German steel federation WV Stahl said on Wednesday October 21. Crude steel production in Germany has been declining since the beginning of 2020 due to the effects of the Covid-19 pandemic on th...Read More
Novolipietsk Steel (NLMK) - the largest steel producer in Russia - will start the rolling mill modernization at its Belgian subsidiary NLMK Clabecq, the company said on Tuesday October 20.A ?,?30 million ($35 million) plate rolling mill upgrade will include the installation of a new descaling system with two new descalers and the modernization of the four-stand finishing mill, NLMK said.Despite th...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 21 that are worth another look....Read More
Hot-rolled coil prices in the United States have remained steady above $33.50 per hundredweight ($670 per short ton); meanwhile, market activity has slowed, with buyers waiting to purchase more material amid expected additional increases and rising offer prices.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated $33.57 per cwt ($671.40 per ton) on Wednesday October...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 21.Please click...Read More
Low demand for heavy steel plate in Europe did not allow steelmakers to achieve their targeted price increases and threatened instead to drag prices downward, sources told Fastmarkets on Wednesday October 21.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was unchanged at ?,?460-470 ($543-555) per tonne on October 21.The assessment reflected achievable p...Read More
Here are five Fastmarkets stories you might have missed on Wednesday October 21 that are worth another look....Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday October 21.Please click...Read More
The three-month price of copper on the London Metal Exchange was the standout performer at the close of trading on Wednesday October 21, reaching its highest in more than two years and aided by a downturn in the US dollar index, while LME nickel's price rally cooled against selling pressure over the afternoon.Copper's outright price on the LME closed at $6,991.50 per tonne on Wednesday afternoon,...Read More
Iron ore futures gained again on Wednesday October 21, following an uptrend in steel futures amid a drop in steel inventories, with the seaborne market remaining stable on limited trading activity, sources said. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $120.49 per tonne, up $0.88 per tonne62% Fe low-alumina fines, cfr Qingdao: $120.64 per tonne, up $0.59 per tonne58% Fe fi...Read More
Domestic prices for steel cold-rolled coil in Europe were fairly stable in the week to Wednesday October 21 with buyers continuing to monitor the market, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel CRC, domestic, exw Northern Europe, was ?,?570-590 ($673-696) per tonne on October 21, compared with ?,?570-580 per tonne a week earlier.The assessment reflected "workable" p...Read More
The three-month price of copper on the London Metal Exchange was the standout performer at the close of trading on Wednesday October 21, reaching its highest in more than two years and aided by a downturn in the US dollar index, while LME nickel's price rally cooled against selling pressure over the afternoon.Copper's outright price on the LME closed at $6,991.50 per tonne on Wednesday afternoon,...Read More
A summary of W Resources third-quarter results at its La Parilla, tungsten and tin project in the Extremadura region of Spain, according to a quarterly production report released on Wednesday October 21.In brief: Tungsten and tin concentrate production totaled 77.6 tonnes during the quarter, down by 13% on a like-for-like basis and up by 104% on a pro-rata basis (third-quarter 2020 production was...Read More
A climbing London Metal Exchange tin price and continued contango were at odds with dim physical demand in the United States and Europe in the week to Tuesday October 20. US tin demand continued to be weak but higher freight costs capped the slide in the delivered price. European trading activity was absent this week. There were few imports to China, keeping premiums stagnant. Tin premiu...Read More
Premiums for lead in the United States inched up on Tuesday October 20 on returning demand from the automotive sector, which is adding to seasonal stockpiling to prepare for battery replacements. US lead premiums rise on automotive battery demand. European zinc premiums firm with buying seen from diecasters and galvanizers. Shanghai zinc markets were flat on worsening import arbitrage. U...Read More