Prices for cold-rolled and galvanized sheet in the United States declined after the suspension of manufacturing operations throughout the country reduced the demand for steel. Fastmarkets' weekly price assessment for steel cold-rolled coil, fob mill US fell to $35 per hundredweight ($700 per short ton) on Thursday April 9, down from $36.50 per cwt ($730 per ton) on Thursday April 2. Fast...Read More

Argentinian crude steel production fell by 26.7% year on year in March due to the closure of most plants during a mandatory quarantine enforced by the federal government to contain the spread of the Covid-19 virus, national steel chamber Acero Argentino said.The country produced 286,200 tonnes of crude steel last month compared with 390,700 tonnes in the corresponding month of 2019, the associatio...Read More

Prices in the major global steel billet markets increased in the week to Friday April 10 because of scrap prices rising due to reduced availability; some deals were heard at higher prices during the week.In Turkey, scrap import prices increased strongly amid reduced availability of material in the deep-sea markets, caused by the closing of scrapyards especially in the United Kingdom and United Sta...Read More

The Egyptian Ministry of Trade and Industry has postponed a duty reduction on billet and rebar for a period of six months until October 12, 2020, Egyptian sources informed Fastmarkets on Sunday April 12.The duty was supposed to be reduced on April 12.The Egyptian Ministry of Trade and Industry announced a definitive safeguard duty of 16% of the cif price and a minimum of $74 per tonne for steel bi...Read More

China's hot-rolled coil prices continued to rise on Monday April 13, with sentiment lifted by strengthening futures, although some buyers decided to hold back amid mills' rising output.DomesticEastern China (Shanghai): 3,320-3,350 yuan ($472-476) per tonne, up 50-70 yuan per tonneNorthern China (Tangshan): 3,230 yuan per tonne, up 30 yuan per tonneA Shanghai-based trader said that spot prices in t...Read More

An overview of the battery raw materials markets and their price moves from the past week.Read More

The United States' April ferrous scrap market has come into focus in a thinly traded month, with many scrap dealers refusing to accept unattractive offers in a month plagued by a historically late start and weak demand.Detroit settled with prices retreating by $30 per gross ton on prime grades and $50 per ton on cut grades and shredded scrap, with only one mill in the region buying material.Fastma...Read More

The market for pig iron exports from the south of Brazil went down during the week ended Thursday April 9 on new sales to China.Fastmarkets' weekly price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $265 per tonne on Thursday, down from $297-300 per tonne on April 3.One sale...Read More

The pig iron market in the United States was quiet in the week to Thursday April 9 because domestic scrap prices had not been settled and the work week was shorter due to Good Friday.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $285-290 per tonne on Thursday, down from $290-300 per tonne a week earlier."Trade in the US [pig iron] market will resume...Read More

Seaborne coking coal prices rose slightly on Monday April 13, although no transactions were heard during the day after active trading to end last week, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.29 per tonne, up $0.16 per tonnePremium hard coking coal, cfr Jingtang: $139.51 per tonne, up $1.26 per tonneHard coking coal, fob DBCT: $120.01 per tonne, unchangedHard cokin...Read More

The seaborne iron ore market moved up on Monday April 13, with a persistent tightness in the supply of low-alumina and high-grade products from Brazil bolstering prices. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $85.60 per tonne, up $0.83 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $87.26 per tonne, up $1.06 per tonne. 58% Fe fines high-grade premium, cfr Qingdao: $74.62 per to...Read More

The seaborne iron ore pellet market dropped slightly last week, with European and Indian-origin materials being offered into China in what a seller source described as "sort of a price war."Fastmarkets' index for iron ore 65% Fe blast furnace pellet, cfr Qingdao stood at $114.62 per tonne last Thursday April 9, down by $0.21 per tonne from a week earlier. Demand for pellets was heard to be weak in...Read More

China's ferrous scrap market plummeted over the past three weeks due to destocking pressure on sellers coupled with low procurement rates among mills, which sent prices to their lowest in close to two years.Fastmarkets' price assessment for steel scrap heavy scrap domestic, delivered mill China was 2,200-2,360 yuan ($313-335) per tonne including value-added tax last Friday April 10, down by 210-23...Read More

China's domestic rebar prices kept moving upward on Monday April 13 on strengthening demand from the construction sector. Eastern China (Shanghai): 3,460-3,490 yuan ($491-496) per tonne, up 30 yuan per tonneNorthern China (Beijing): 3,400-3,430 yuan per tonne, up 30 yuan per tonne from 3,370-3,400 yuan per tonne last FridayDemand in both key spot markets was strong during the day, with gains being...Read More

Deliverable base metals stocks in Shanghai Futures Exchange-approved warehouses were down across the board in the week to Friday April 10, with that for copper dropping the most in percentage terms.SHFE copper stocks declined by 4.4% or 14,507 tonnes week on week to total 317,928 tonnes on April 10.The outflow mainly came from the warehouses of Zhongchu Dachang in Shanghai and Zhongchu Wuxi in Jia...Read More

Chinese minor metal, ore and alloy markets had mixed reactions to news of an extended South African lockdown.South African President Cyril Ramaphosa on Thursday April 9 extended the national lockdown by a further two weeks from the initial 21-day lockdown announced on March 26 to stem the spread of Covid-19, which has caused multiple mines and smelters across the country to shut dow...Read More

China's export price for grade-553 silicon fell to a five-and-a-half-month low on Friday April 10 following the emergence of lower offers from traders amid persistently weak foreign demand.Fastmarkets' weekly price assessment for silicon export 98.5% Si min, fob China was $1,380-1,440 per tonne on April 10, down by $60-90 per tonne or 5.1% from $1,470-1,500 per tonne a week earlier. The latest ass...Read More

An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More

Hey guys and gals,Sign up for the best guides on the market https://www.patreon.com/golfclashtommy0:11 - Intro1:43 - Hole 1, Par 43:43 - Hole 2, Par 36:17 - Hole 3, Par 58:30 - Hole 4, Par 39:47 - Hole 5, Par 511:49 - Hole 6, Par 414:08 - Hole 7, Par 315:36 - Hole 8, Par 417:19 - Hole 9, Par 5BECOME A MEMBER: https://www.youtube.com/channel/UCUKg...-CHECK OUT OUR NEW WEBSITE-https://www.golfclasht...Read More

Hey guys and gals,Sign up for the best guides on the market https://www.patreon.com/golfclashtommyBECOME A MEMBER: https://www.youtube.com/channel/UCUKg...-CHECK OUT OUR NEW WEBSITE-https://www.golfclashtommy.comJoin our Discord!https://discord.gg/VMU5EFCThis is the playthrough for Expert division with tournament wind for the Ventura Open Tournament.Let me know if you do have any questionsBusiness...Read More