The inter-merchant spot market for light iron scrap in the UK dropped in the week ended Friday January 31, with British domestic prices dragged down by persistent weakness in the European export market to key buyers in Turkey and the Indian subcontinent, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, w...Read More
The price of austenitic alloy steel scrap in the UK domestic market decreased this week because of lower nickel costs, sources told Fastmarkets on Friday January 31. Fastmarkets' price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?750-780 ($979-1,018) per tonne on Friday, down by ?20-30 per tonne from ?780-800...Read More
The price of ferrous scrap imported into India dropped again in the week ended Friday January 31, while trading activity paused following a mid-week drop in international scrap prices, sources have told Fastmarkets.Fastmarkets' calculation of the steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $291.99 per tonne on Friday, down from $296.51 per tonne on January 24, marking the thi...Read More
A summary of Nornickel's full-year production results 2019. Production for all key metals increased year on year in 2019 due to ongoing ramp ups at the company's majority-owned Bystrinsky project in Chita, Siberia. Nickel output increased by 5% over the period to 229,000 tonnes due to output increases at Nornickel's refining operations on the Kola Peninsula...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Global battery grade lithium markets were steady in the week to Thursday January 30 with Chinese markets still away for the Lunar New Year holiday which has been extended due to the Wuhan coronavirus and European and United States prices yet to be affected by any impact from the health emergency Chinese spot lithium carbonate and hydroxide prices were rolled over on Thursday for the Lunar New Year...Read More
South American flat steel import prices either rose or held firm during the week ended Friday January 31, while the absence of China from the market drove customers to look for materials from other origins.The Chinese government postponed the country's return from the lunar new year holiday to February 3, from January 31 originally, amid the outbreak of a coronavirus in Wuhan. Shanghai has extende...Read More
Domestic prices for hot-rolled coil in Northern Europe have increased day on day due to mills' good order books and a lack of competitive imports, sources told Fastmarkets on Friday January 31.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe was ?,?474.02 ($522.46) per tonne on Friday January 31, up by ?,?6.45 per tonne day on day from ?,?467.57 per tonne on Janua...Read More
Indian steel producers were likely to increase their prices for hot-rolled coil by at least 1,000 rupees ($14) per tonne for February sales to take account of rises in the costs of raw materials such as iron ore, Fastmarkets has heard.HRC prices for the current week, however, remained unchanged on Friday January 31 because February prices were likely to be announced early next week.The price of st...Read More
Just as China and the United States started to reach a deal and trade tensions eased, providing some longed-for certainty, the novel coronavirus (2019-nCov) has again increased fear and uncertainty in the steel and feedstock markets.Although there may be no impact of the coronavirus on China's GDP in the long run, we have already passed the point of "no effect" on the market, as raw material price...Read More
Polish domestic rebar prices moved up over the week due to improved demand, market sources told Fastmarkets on Friday, January 31.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, ex-works Poland, rose to 2,150-2,200 zloty ($553-563) per tonne on Friday January 31 from 2,050-2,200 zloty...Read More
The inter-merchant spot market for light iron scrap in the UK dropped in the week ended Friday January 31, with British domestic prices dragged down by persistent weakness in the European export market to key buyers in Turkey and the Indian subcontinent, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, w...Read More
The price of austenitic alloy steel scrap in the UK domestic market decreased this week because of lower nickel costs, sources told Fastmarkets on Friday January 31. Fastmarkets' price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?750-780 ($979-1,018) per tonne on Friday, down by ?20-30 per tonne from ?780-800...Read More
The price of ferrous scrap imported into India dropped again in the week ended Friday January 31, while trading activity paused following a mid-week drop in international scrap prices, sources have told Fastmarkets.Fastmarkets' calculation of the steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $291.99 per tonne on Friday, down from $296.51 per tonne on January 24, marking the thi...Read More
To Watch Update #8, CLICK HERE As Chris says in the video: this is an alert we'd hoped not to have to deliver. A new study coming out of China reports that the Wuhan coronavirus has an Ro of 4.1. That means it's much more contagious than previously feared. If indeed the case, an Ro of 4.1 means there is NO way of stopping this virus from becoming a full-blown global pandemic. This study has not y...Read More
Eric Sprott discusses the impact the coronavirus will have on the global economy and how this will drive gold and silver prices in the weeks and months ahead.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, Eri...Read More
To Watch Update #8, CLICK HERE Thursday the World Health Organization (W.H.O.) declared that the Wuhan coronavirus is indeed now a pandemic. Scary news, right? Well...not if you kept listening. The W.H.O. then proceeded to downplay the risk to public health and took pains to make it clear it doesn't recommend placing restrictions on global trade & travel at this time.What?!? When we may be in dea...Read More
Key data from the pricing sessions in Europe, the United States and Asia for the week ending Friday January 31. Europe The high-carbon ferro-chrome market ticked up with demand continuing to recover and contract customers increasing their tonnages, according to some producers. But there were also reports of...Read More
To Watch Update #7, CLICK HERE Science journal The Lancet just released a study that finds initial evidence that men are substantially more vulnerable to coronaviruses than women.Why? Watch the video. Dr. Chris Martenson PhD walks through the science behind the findings, explaining it in simple layman terms.To get Chris Martenson's report on pandemic preparation, go to https://www.peakprosperity....Read More
David Morgan joins us to talk about where precious metals are currently, how it compares to the past and the potential for an acceleration phase in the not too distant future.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selectio...Read More