Lower Chinese production is set to fuel supply deficits in Asian aluminium markets in 2020, according to UC Rusal marketing head Roman Andryushin.During 2019, aluminium supply in Asia was not growing due to falling primary aluminium output in China, and this is set to continue this year, Andryushin told Fastmarkets in an interview."Several disruptions and continued reallocation of capacities still...Read More

Domestic prices for hot-rolled coil in Europe increased on Wednesday January 15, supported by a lack of competitive import offers and a seasonal recovery in demand, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was fairly stable at ?,?443.06 ($493.13) per tonne on Wednesday January 15, up by only ?,?0.36 per tonne from ?,?442.70 per to...Read More

The price of steel H-beams across Europe remained unchanged on Wednesday January 15, despite mill attempts to push through increases, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?550-570 ($612-634) per tonne on January 15, unchanged week on week."It's busy and there are price increases across product ranges," a distribut...Read More

Hollow steel sections prices in Europe moved up this week, following increases from producers, market sources told Fastmarkets on Wednesday January 15.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?600-630 ($668-701) per tonne on Wednesday, up from ?,?590-600 per tonne one week previously.Various section producers have created new pric...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Join us for an exclusive Forum, co-chaired by SVP and Global Head of Metals and Mining, Linda Cardillo Doku and SVP and Vice Chairman of Metals and Mining, Julian Kettle – this event brings together Wood Mackenzie’s top su...Read More

European producers of heavy steel plate have increased their offer prices despite limited trading activity, sources told Fastmarkets on Wednesday January 15.Plate prices in Europe, particularly in the south where the majority of plate producers are re-rollers, have been driven upward by higher slab costs.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, wa...Read More

German steelmaker Salzgitter has downgraded its full 2019 earnings forecast, the company announced this week.The forecast was corrected due to "non-recurring writedowns" amounting almost ?,?200 million, Salzgitter said on Tuesday January 14.Salzgitter now expects its pre-tax loss for 2019 will be ?,?250-280 million ($278-312 million), having previously expected a pre-tax loss i...Read More

China's hot-rolled coil exporters kept their offers high on Wednesday January 15 although the domestic market weakened, with most of them having secured sufficient numbers of orders amid a strengthening yuan.DomesticEastern China (Shanghai): 3,860-3,890 yuan ($559-564) per tonne, widening downward by 20 yuan per tonneNorthern China (Tangshan): 3,590 yuan per tonne, down 10 yuan per tonnePrices in...Read More

The stainless steel scrap market in the United States has continued to show cautious optimism, with prices inching upward amid an easing in material flows. "The stainless train keeps rolling in the right direction," one dealer source said. "It certainly feels like there is some momentum building, but given our experience with stainless steel scrap in 2019, we are being cautious with raising our pr...Read More

Turkish steel producers continued to hold back from the deep-sea scrap markets in an attempt to push down prices while they struggled with weak demand and values for finished rebar, sources said on Wednesday January 15.The country's steel producers went through last week with only one deep-sea cargo bought, when a steel mill in the Marmara region booked a European cargo at an average price of $300...Read More

Seaborne coking coal prices were steady on Wednesday January 15, with market participants staying on the sidelines.Fastmarkets indicesPremium hard coking coal, fob DBCT: $155.26 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $160.87 per tonne, unchangedHard coking coal, fob DBCT: $125.01 per tonne, unchangedHard coking coal, cfr Jingtang: $135.76 per...Read More

The seaborne iron ore index was rangebound on Wednesday January 15 amid tepid demand from steelmakers in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $96.44 per tonne, down $0.59 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $95.48 per tonne, down $0.59 per tonne.62% Fe low-alumina fines, cfr Qingdao: $97.11 per tonne, down $0.42 per tonne.58% Fe fines high-premium, cfr Qingda...Read More

The Chinese steelmaking industry will focus on six key areas in 2020 to maintain its structured and orderly development, China Iron & Steel Association (Cisa) chairman Gao Xiangming said in a speech at a conference last weekend.These are meant to round out the final year of China's 13th Five-Year Plan and contribute to the stable growth and reform of the Chinese economy.1. Maintain stable, efficie...Read More

The three-month lead price on the London Metal Exchange climbed by 1% during morning trading on Wednesday January 15, building on gains made earlier in the week, while stock volatility failed to influence the aluminium price. Lead's outright price on the LME was recently seen at $1,970 per tonne, while trading volumes were high over the morning at more than 1,500 lots exchanged as of 9:15am London...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday January 15. Key drivers  The prices of ferro-titanium and titanium scrap markets were steady in the second week of January, a level it has maintained since December 18.  Alloy suppliers achieved higher prices in the United Kingdom compared with deals done lower in the current range in continental Europe, although trading a...Read More

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

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The Canadian stock market is trading near all-time highs, but there are still opportunities for self-directed RRSP investors to add top-quality stocks at reasonable prices.Let’s take a look at two industry giants that might be interesting RRSP picks right now.SuncorSuncor Energy (TSX:SU)(NYSE:SU) is Canada’s largest integrated energy company with a market capitalization of nearly $70 b...Read More