The stainless steel scrap market in the United States resumed its downward trek this week due to lower nickel prices, a weakening chrome market and slack demand, although the latter seems to have stabilized at least for now, sources said."We continue to be as conservative as possible with our buying prices because we have no confidence in the direction prices are heading," one domestic dealer sour...Read More
Turkish steel producers have continued their deep-sea scrap purchases for December deliveries at steady prices, sources said on Wednesday November 13.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $262 per tonne and 5,000 tonnes of bonus at $272 per tonne cfr.A Monday booking from...Read More
China is likely to turn into an exporter of ferrous scrap in the next decade and global scrap availability is expected to almost double by 2050, Edwin Basson, director general at the World Steel Association, said on Tuesday November 12.As the Chinese steel recycling sector develops the Asian country is set to generate more than it needs by the mid-2020s, he told a panel at Alacero's Latin American...Read More
Low demand for long steel products such as rebar was at the root of the problems facing the steel industry, according to the International Rebar Producers & Exporters Association (Irepas).The raw material for blast furnaces was becoming cheaper but the ferrous scrap used in electric-arc furnaces was getting more expensive, while the prices for both rebar and hot-rolled coil were increasing. This w...Read More
The spread between mid-grade and high-grade fines has continued to widen, with concerns over the glut in supply of the former and limited spot availability of the latter.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $81.03 per tonne, down $0.45 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $81.06 per tonne, down $0.45 per tonne.62% Fe low-alumina fines, cfr Qingdao: $8...Read More
China's rebar prices increased on Wednesday November 13 amid tightened supply caused by logistical bottlenecks, though market participants expect these to ease over the next few days.DomesticEastern China (Shanghai): 3,780-3,830 yuan ($539-547) per tonne, up 80-90 yuan per tonneNorthern China (Beijing): 3,640-3,670 yuan per tonne, up 10-20 yuan per tonneA trader in Shanghai said that a lot of carg...Read More
The three-month zinc price on the London Metal Exchange was down during the morning trading session on Wednesday November 13, slipping below further support levels despite a continued draw on LME stocks, while tin futures threatened a dip below $16,000 per tonne. Zinc's outright price on the LME was recently seen at $2,442 per tonne, continuing its downward trend after slipping below the $2,500-pe...Read More
Markets in general are under pressure following United States President Donald Trump's speech at the Economic Club of New York on Tuesday November 12, where he failed to provide any reassurance that a trade deal had been reached with China; indeed, Trump even threatened that tariffs would be "raised very substantially" if a deal was not reached.Gold prices and US treasuries rise while demand for h...Read More
Barring those for nickel, base metals prices on the Shanghai Futures Exchange fell during the morning trading session on Wednesday November 13 while investors awaited clarity on the first phase of a trade deal between China and the United States.Trade uncertainty continues to dictate the mood in markets this morning, with investors none the wiser on details of a possible agreement between China an...Read More
An overview of the minor metals markets and their latest price moves.Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday November 13. Key drivers Titanium scrap turnings prices were more or less steady, with some difference reported between northern and southern European markets. Both assessments fell by more than 2% week on week on November 6. Alloy price range held after widening higher last week, with sources indicating near-term...Read More
A cutback in chrome ore production is needed to rebalance the surplus affecting the ferro-chrome supply chain, delegates claimed at this week's ICDA Chromium 2019 conference in New Delhi, India.Following prolonged weakness in the metallurgical chrome ore and ferro-chrome markets this year, a number of participants have reduced their FeCr output in recent months, in an attempt to contain the amount...Read More
So it seems that Jamal the Syrian "refugee", really is going ahead with this case.... what the hell has this world come to???Rebel media recent video about this recent upcoming court case: https://www.youtube.com/watch?v=6VbaJ...My PayPal if you wish to support me further: http://paypal.me/dabimaRead More
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"The decision we made in the first half of the year to increase investment in underground development work in order to access high-grade areas within the mine has proven very beneficial for us as weRead More
Henry has been BHP's president operations minerals Australia since 2016 and a member of the executive leadership team since 2011, having joining the miner in 2003 from roles in the resources industry in Canada, Japan and Australia with Mitsubishi Corporation. He had spent about half his career with BHP, with roles across the business, spanning operational, commercial, safety, technology and m...Read More
This year, the report's key Investment Risk Index (IRI) expanded to cover 99 jurisdictions, providing ratings across five core areas of mining-related risk: Legal, Governance, Social, Fiscal and Infrastructure.Head of Aspermont research and intelligence Chris Cann said the relevance of robust risk management tools had increased since the publication of last year's report."Though we were without th...Read More
It may not be politically correct to say this, but I'm going to say it anyway...If you're beautiful, you can get away with anything.Nowhere is this more apparent than with Mina Chang, the senior Trump official who not only lied about her qualifications to get the job of Deputy Assistant Secretary for the Bureau of Conflict and Stabilization Operations but even faked a Time magazine cover with her...Read More