Domestic and import prices for steel rebar and billet in the United Arab Emirates remained stable over the past week on limited demand, market sources said on Tuesday January 7.But market participants in the UAE said that prices could rise if raw materials costs continue to increase.Local rebar producers announced new prices on December 19.Billet importsImported billet...Read More

Chinese imports of ferro-niobium hit a 10-month high in November 2019, registering an increase of 75.4% month on month and 99.1% year on year, according to official but unconfirmed data seen by Fastmarkets.The 5,954 tonnes delivered to Chinese shores in November was the second highest amount imported by the country so far in 2019, following the 70,103 tonnes recorded in January. This compares with...Read More

The Turkish deep-sea scrap import markets were relatively quiet on the second day of the working week, with the mills still in negotiations for February cargoes, sources said on Tuesday January 7.The steel producers in the country had been silent in the deep-sea markets over the past two weeks because of the year-end holiday periods. They resumed their purchases at the end of last week with four c...Read More

The high-grade seaborne iron ore index rose to $107.30 per tonne cfr on Tuesday January 7, with market participants attributing the increase to healthy demand from steelmakers in China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $95.11 per tonne, down $0.50 per tonne62% Fe Pilbara Blend fines, cfr Qingdao: $94.20 per tonne, down $0.50 per tonne62% Fe low-alumina fines, cfr Qingdao:...Read More

Japan is expected to divert more of its ferrous scrap export supply to Vietnam and Bangladesh in 2020 due to weaker demand from neighbor South Korea, market sources in Japan told Fastmarkets."South Korean demand for ferrous scrap is expected to fall further in 2020 compared with 2019, and Japanese scrapyards will have to target new markets to send their materials," a Japanese trader told Fastmarke...Read More

China's domestic rebar prices were stable on Tuesday January 7 despite a pick-up in the futures market, with downstream demand remaining soft.Eastern China (Shanghai): 3,680-3,710 yuan ($528-532) per tonne, unchangedNorthern China (Beijing): 3,540-3,570 yuan per tonne, unchangedEnd users are gradually reducing their procurement rates with ahead of the Chinese New Year in late January.Stockists are...Read More

This year could look similar to 2019 on the merger and acquisitions front in the United States steel industry, with long products likely to be busier than flat products, according to analysts."People will get to doing deals [in 2020] much like [last] year - very selectively and where the strategic fit is right and they can bring some synergies to the table. I think that's what is really going to d...Read More

This year could look similar to 2019 on the merger and acquisitions front in the United States steel industry, with long products likely to be busier than flat products, according to analysts."People will get to doing deals [in 2020] much like [last] year - very selectively and where the strategic fit is right and they can bring some synergies to the table. I think that's what is really going to d...Read More

Alexander Shevelev, chief executive officer of Russian steelmaker Severstal, says that the company has changed its culture quite quickly and substantially to focus on being a solutions provider. p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; line-height: 18.0px; font: 18.0px 'FagoNoRegularLF-Roman'} p.p2 {margin: 0.0px 0.0px 0.0px 0.0px; line-height: 10.5px; font: 9.0px 'Antwerp Light'; min-height: 11.0px...Read More

Brazilian vehicle output shrank by 3.9% year-on-year during December 2019, because higher domestic registrations were not enough to offset the continuing tumble in export volumes, local automakers' association Anfavea said on Tuesday January 7.The country produced 170,501 units in the last month of 2019, in comparison with 177,503 units a year before. These were the lowest monthly figures since 14...Read More

China's steel demand will remain largely flat in 2020 due to an anticipated softening of its automotive and shipbuilding industries, according to the China Metallurgical Industry Planning & Research Institute (MPI). The government research agency expects China's total steel demand in 2020 to amount to 881 million tonnes, down 0.6% from its forecast for 2019. It forecast China's 2019 steel demand t...Read More

Demand for flat steel products in Turkey was strong in December 2019 because of restocking purchase activity as well as globally increasing prices, market participants told Fastmarkets on Tuesday January 7.Local producers have now filled their order books until late March, sources added.Demand was strong in Turkey in November because of the rising prices, and continued to be strong in December.And...Read More

This year could look similar to 2019 on the merger and acquisitions front in the United States steel industry, with long products likely to be busier than flat products, according to analysts."People will get to doing deals [in 2020] much like [last] year - very selectively and where the strategic fit is right and they can bring some synergies to the table. I think that's what is really going to d...Read More

A summary of base metals premiums from across the globe for the week to Tuesday January 7.Click on...Read More

This year could look similar to 2019 on the merger and acquisitions front in the United States steel industry, with long products likely to be busier than flat products, according to analysts."People will get to doing deals [in 2020] much like [last] year - very selectively and where the strategic fit is right and they can bring some synergies to the table. I think that's what is really going to d...Read More

Two asset types have shot up since the instigation of the explosive situation in the Middle East last week: oil and gold. There’s a logic behind these movements, however.Momentum investors are betting that oil prices will rocket in the event that the tension in Iraq boils over, with the possibility of a bottleneck at the Strait of Hormuz. Gold, on the other hand, is a classic defensive play...Read More

(Image: Wikimedia Commons) After spiking to a near seven-year high when news of an Iranian missile attack on a US base in Iraq first broke, the price of gold plummeted on Wednesday. Wednesday was one of the worst trading sessions in dollar terms in gold market history with the gold price dropping to $1,553.40 an ounce in afternoon trade - down 3.7% or $59.90 an ounce from the peak above $1,600 re...Read More

Neptune Terminals, one of the largest multi-product bulk terminals in North America, has the capacity to handle more than 24 million tonnes a year. Credit: Neptune Terminals Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) announced Wednesday an expanded commercial agreement with Ridley Terminals Inc. (RTI) for shipments of steelmaking coal from Teck's British Columbia operations. The...Read More

Credit: Epiroc Last year, Aramine was appointed as the as official distributor of Epiroc products for underground mines and tunnels in France and in several strategic countries in central and west Africa.The Epiroc range complements Aramine's portfolio of machines. According to Marc Melkonian, Aramine's president, "Epiroc's trust is a mark of recognition of our long-standing partnership, and this...Read More

Decar nickel-iron project, British Columbia. Image by FPX Nickel FPX Nickel has released the results of pressure leaching testwork on nickel concentrates from its 245-sq.-km Decar nickel project located in central British Columbia. Based on nickel recoveries in excess of 98%, the company believes that the resulting solution could be an ideal feed for the production of nickel sulphate and cobalt s...Read More