Brazilian slab export prices soared by $40 per tonne last week on higher prices for CIS-origin material and the low availability of material in the main producing regions.Fastmarkets' weekly assessment of Brazilian export slab prices reached $460-510 per tonne fob on Friday February 15, up from $420-470 per tonne fob a week before.Offer prices for Brazilian material in the United States were heard...Read More

The Dubai customs authority in the United Arab Emirates has changed the list of long steel products subject to 10% import duty, it announced on Sunday February 17.Dubai customs increased the import duty on some rebar and wire rod products to 10% from the previous standard rate of 5%. The original list of products subject to 10% duty had only been in effect since January 17 this year.The Gulf Co-op...Read More

Import prices for steel slab in Southeast Asia and East Asia maintained their upward momentum over the past week amid scarce offers, while trading activity remained thin.Fastmarkets MB's weekly import price assessment for slab in Southeast Asia and East Asia was $460-470 per tonne cfr on Monday February 18, up $10-15 per tonne from a week earlier.The regional market remained consistently quiet, wi...Read More

The Turkish scrap import markets remained silent at the beginning of the week because mills had failed to sell billet or rebar to customers in Southeast Asia, sources said on Monday February 18.Market sentiment was generally negative and participants were expecting prices to soften due to the sluggish demand reported by Turkish producers."There were Baltic Sea suppliers offering HMS 1&2 (80:20) at...Read More

Domestic scrap prices have increased in Turkey over the past week due to the rise in imported scrap costs, sources said on Monday February 18.Fastmarkets' weekly price assessment for domestic auto bundle (DKP-grade) scrap in Turkey was TRY1,680-1,820 ($319-345) per tonne delivered on February 18, up from TRY1,660-1,810 per tonne last week.A number of steel mills and a major scrapyard have increase...Read More

Mining companies in Brazil that operate 'upstream' tailings dams will have to completely decommission them by August 15, 2023, according to a new resolution issued by the country's mining agency ANM on Friday February 15.The document, published in the Brazilian official gazette on Monday February 18, showed that 84 dams currently operate through the upstream method, or an 'unidentified' one, and a...Read More

Brazilian miner Vale has pre-emptively evacuated about 200 people living close to another of its iron ore tailings dams after reviewing an independent report, the company said on Sunday February 17.The people were taken from Nova Lima, close to the Mar Azul mine in the south-eastern state of Minas Gerais. Level 2 of the country's emergency action plan for tailings dams was triggered by Vale a...Read More

Seaborne iron ore prices saw little change on Monday February 18, due to a lack of trading activity in the physical cargoes market, while low-alumina fines prices increased.MB 62% Fe Iron Ore Index: $88.32 per tonne cfr Qingdao, up $0.16 per tonne. MB 62% Fe Pilbara Blend Fines Index: $87.71 per tonne cfr Qingdao, up $0.16 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $90.07 per tonne cfr Qingd...Read More

Participants in the seaborne iron ore pellet market expect Vale's production disruptions to push this year's prices above their previous expectations, with many unable to see any mitigating factors that could prevent such a rise. Fastmarkets' MB 65% Fe Blast Furnace-grade pellet index stood at $141.75 per tonne cfr China on Friday February 15, up from $133.94 per tonne the previous week. Unce...Read More

The seaborne iron ore pellet price continued to rise in the week to Friday February 15 on Vale's supply disruptions and the force majeure declared on some users, while the concentrate market remained silent. Pellets The MB 65% Fe Blast Furnace Pellet index, published by Fastmarkets MB, was at $141.75 per tonne cfr China on Friday, up by $7.81 per tonne from a week earlier. Market participants hear...Read More

The seaborne coking coal market was relatively stable on Monday February 18 despite rising metallurgical coke prices in China, which appear to have done little to improve sentiment upstream."The coke price increase was due to higher steel prices. Domestic coking coal prices [in China] are largely unchanged from before the Chinese New Year holiday," a southern Chinese mill source said.A Beijing-bas...Read More

China's domestic hot-rolled coil prices rose on Monday February 18 after trading activity picked up on rebounding demand.DomesticEastern China (Shanghai): 3,730-3,750 yuan ($551-553) per tonne, up 20 yuan per tonneNorthern China (Tianjin): 3,700-3,710 yuan per tonne, up 10-20 yuan per tonneShanghai's trading volume has returned "close to normal levels" with downstream buyers starting to resume pro...Read More

The antimony and gold processing facility being built in Sohar, Oman, by Strategic & Precious Metals Processing (SPMP) is facing new delays due to a technical issue with the refractory lining, Tri-Star Resources said on Monday February 18.Although some liquid metal has already been produced in the reduction furnace at SPMP's antimony and gold facility, it has not been possible to tap metal from th...Read More

Key data from the February 15 pricing session in London. Key driversStock overhang, particularly of cut cathode, means cobalt prices continue to slump, despite the news that ERG has suspended production at Chambishi.  The differential between standard and alloy-grade cobalt prices continues...Read More

Key data from the pricing sessions in London and Shanghai on Friday February 15. China  The Chinese silicon fob price held steady during a post-Lunar New Year holiday lull which has translated into thin inquiries and trades.  Exporters have been waiting for Japan's quarterly tenders expected in the coming days.  Japanese traders and downstream consumers started to inquire for purcha...Read More

Fastmarkets' UG2 chrome ore price strengthened in China on Friday February 15 ahead of stainless steel production restarts after Lunar New Year, while alloy prices in Europe and the United States fell. UG2 records modest gainFerro-chrome prices hold in ChinaAlloy prices tick up in Japan, South KoreaAlloy prices weaken in Europe UG2 chrome ore prices edged up in China on Friday on anticipation of...Read More

The Chinese markets for domestic and export ferro-silicon rose in the week ended Friday February 15 on renewed demand after the Lunar New Year holiday, while the European market is stable, with traders offering alloy at about ?,?20-30 per tonne below producer offer prices. Firm fundamentals a springboard for Chinese prices, with more price strength seen in the near term  European price held...Read More

Ammonium paratungstate (APT) and ferro-tungsten prices were unchanged in Europe last week with China slowly coming back to the market following the Lunar New Year holiday, while the concentrate price continued to gain support from tight supply. APT market quiet; bearish sentiment continues  Concentrate price continues to gain support from tightening supply  Ferro-tungsten prices in Chin...Read More

Eight months after the start of construction of its Whabouchi project in Quebec, Nemaska Lithium (TSX: NMX; US-OTC: NMKEF) says it will cost an additional $375 million to complete the spodumene hard rock mine and electrochemical plant - a 34% increase over estimates in a feasibility study in January 2018.The announcement on Feb. 13 sent the company's shares plunging 35.6%, or 19.5 ?, to 35.5 ? api...Read More

Join our facebook grouphttps://www.facebook.com/groups/tradi...like us on FB: https://www.facebook.com/tradingjampl/On January 10 at our TJS meeting, we will meet with Peter Schiff, one of the most famous prophets in the upcoming bear market.Will the dollar collapse and the end of the economy?Can the FED pull another rabbit out of the hat?How will the Polish economy cope?Is #socialism a threat to...Read More