Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil increased over the past week due to the limitations imposed on steelmakers' output in September and October being expected to provide support for prices, sources said.More than 30 mills in China's steelmaking hub of Tangshan were instructed to reduce sintering and blast furnace operations by up to 50% between September 1 and...Read More
Following a flip in global steel and ferrous trade flow trends last year caused by economic jitters in Turkey, trade defenses by the United States and production cuts in China, this year it is steel prices that are turning upside down. Hot-rolled coil (HRC) prices are now below rebar prices in a phenomenon rarely seen outside of the Chinese domestic markets. HRC import prices in Vietnam have...Read More
Brazilian steelmaker Gerdau is pushing for a 7% price increase in September while import parity remains low and the domestic construction sector initiates a recovery, equity analysts said.The company has unsuccessfully been trying to readjust its rebar price in the domestic market this year amid falling scrap costs and faltering demand. There seem to be more signs of an improved pricing power, how...Read More
The export market for hot-rolled and cold-rolled coil from the Commonwealth of Independent States (CIS) remained constrained this week, but a spike in iron ore price has led to optimism that flat steel prices will not fall further, sources told Fastmarkets. Fastmarkets' price assessment for steel HRC, export, fob Black Sea, CIS, was $450-460 per tonne on Monday September 2, unchanged week on week....Read More
Prices for certain ferrous scrap grades in Mexico's steelmaking region of Monterrey rose week on week, while all prices in Baj?-o were unchanged, and market participants held their breath ahead of the United States' domestic scrap market settlement for September.Fastmarkets' assessment for the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey, was 5,100 pesos per tonne on...Read More
Brazilian iron ore export volumes decreased by 15.48% year on year in August, but revenues soared by 51.61% due to higher prices.The country exported 30.11 million tonnes of iron ore last month, compared with 35.62 million tonnes in the same period in 2018, according to figures released by the Brazilian economy ministry on Monday September 2.But export revenues amounted to $2.49 billion, against $...Read More
The uptrend in the iron ore market since 2019 started halted in August, with a month-on-month price decline of 24% for 62% Fe material and a 23% price decline for 65% Fe material.The 65% Fe derivatives contract on the Singapore Exchange - which was launched in December 2018 and settled against Fastmarkets' daily 65% Fe iron ore index - stayed above 2-million-tonne trading volumes in August, compar...Read More
Physical iron ore prices were down on Tuesday September 3 amid a cooling off in buying interest while the futures market stayed largely rangebound.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $89.14 per tonne, down by $1.44 per tonne.62% Fe Pilbara Blend Fines, cfr Qingdao: $89.53 per tonne, down by $1.44 per tonne.62% Fe low-alumina fines, cfr Qingdao: $86.80 per tonne, d...Read More
Seaborne coking coal prices remained steady on Tuesday September 3, although Australian rail freight operator Aurizon reported service cancellations due to a train derailment in Queensland.Fastmarkets indicesPremium hard coking coal, fob DBCT: $154.01 per tonne, unchanged Premium hard coking coal, cfr Jingtang: $167.54 per tonne, unchanged Hard coking coal, fob DBCT: $134.01 per ton...Read More
China's hot-rolled coil exporters lowered their offers on Tuesday September 3 despite domestic prices edging up further.DomesticEastern China (Shanghai): 3,650-3,670 yuan ($509-512) per tonne, up 10 yuan per tonneNorthern China (Tangshan): 3,640-3,650 yuan per tonne, up 10 yuan per tonnePrices continued to rise, with trading activity being described as stronger than previous days, according to a S...Read More
Stainless steel futures will begin trading on the Shanghai Futures Exchange on September 25, the China Securities Regulatory Commission said last week."The development of stainless steel futures will provide market participants with an open, transparent and constant price indication as well as a highly effective risk-management tool [...] to promote the stable and healthy development of the stainl...Read More
Market participants have kept a close eye on the softening European selenium price over the summer for clues on how the market will perform from September when activity usually starts to pick up. Fastmarkets assessed the price of selenium in-whs Rotterdam at $7.50-9.50 per lb on Friday August 30, unchanged from the previous assessment but still under pressure with several offers pending at th...Read More
Fastmarkets presents five main takeaways from the Ferroalloynet 16th International Manganese Products conference in Ulanqab, in northern China's Inner Mongolia, on August 28-30. Growth of steel demand in China likely to slow in H2 2019... Both supply and demand for steel in China will maintain a relatively steady pace in the second half of the year, but the growth rate will be slower compared with...Read More
The Turkish steel producers have started the week quietly, and have not booked any new deep-sea scrap cargoes despite a heavy drop in prices last week, sources said on Monday September 2.The markets have been silent since August 27, when prices dropped by $11.55 per tonne day on day on news of the latest trades.Since then, however, traders have stepped back...Read More
Hey guys and gals,0:13 - Intro1:45 - Hole 1, Par 43:27 - Hole 2, Par 34:23 - Hole 3, Par 56:08 - Hole 4, Par 36:59 - Hole 5, Par 48:37 - Hole 6, Par 510:12 - Hole 7, Par 310:59 - Hole 8, Par 412:31 - Hole 9, Par 5-CHECK OUT OUR NEW WEBSITE-https://www.golfclashtommy.comThis video is sponsored by Golf Clash and Playdemic.This is the playthrough for Pro and Expert division for the Celtic Cup Tournam...Read More
What makes a skit worthy enough to become a Skit Guys skit? Larry wants to know, and Dr. Eddie and Tommy have some ideas.Read More
Hey guys and gals,0:13 - Intro1:14 - Hole 1, Par 42:50 - Hole 2, Par 33:50 - Hole 3, Par 55:19 - Hole 4, Par 36:10 - Hole 5, Par 47:42 - Hole 6, Par 59:28 - Hole 7, Par 310:21 - Hole 8, Par 412:04 - Hole 9, Par 5-CHECK OUT OUR NEW WEBSITE-https://www.golfclashtommy.comThis video is sponsored by Golf Clash and Playdemic.This is the playthrough for Rookie division in the Celtic Cup Tournament. You c...Read More
Royal Road Minerals has released results from its recently completed diamond drilling program at the Luna Roja gold project in Nicaragua.The Luna Roja project is part of a strategic alliance agreement with Hemco Mineros Nicaragua and is located in the highly prospective Golden Triangle region of northeastern Nicaragua. Mines in the region have been operating since the early 1900s.The first drillin...Read More