The import pig iron market in the United States was muted during the week ended Friday August 16 with buyers in wait-and-see mode, sources have told Fastmarkets.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was unchanged at $365-368 per tonne on Friday, reflecting the level of the latest deals heard in the market in late July."The [market] level remains $365 [per tonn...Read More

The inter-merchant spot market for UK light iron scrap was stable over the week to Friday August 16, marking eight weeks of stability, with the price range hemmed between relatively tight availability for major shredder companies and capped to the upside on slow consumer demand. The steady trend marks one of the longest runs of price stability in the market for more than 20 years, according to the...Read More

The Turkish steel mills have held back from deep-sea scrap import activity this week because the market was mostly closed due to the Islamic holiday in the country, sources said on Friday August 16.The Turkish market and those in other Middle Eastern territories were closed until August 15 for the Islamic Eid al-Adha celebrations, and a lot of market...Read More

Alloy steel scrap prices in the UK and Europe were largely stable this week with the recent surge in the price of nickel losing its momentum, sources told Fastmarkets on Friday August 16.The price of nickel, 3 months, London Metal Exchange Daily Official, was $16,050-16,055 per tonne on August 16, compared with $15,675-15,680 per tonne on August 9, a gain of $375 per tonne.This compared with the p...Read More

The price of shredded ferrous scrap imported into India has fallen to fresh annual lows this week while offer prices continue to fall in the hope of securing a buyer, sources told Fastmarkets on Friday August 16.Fastmarkets' weekly price assessment for steel scrap, shredded, index, import, cfr Nhava Sheva, India was $300.67 per tonne on August 16, down from $305.17 per tonne on August 9.Although s...Read More

Seaborne iron ore prices increased on Friday August 16 with more deals concluded. Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $89.57 per tonne, up by $1.13 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $89.95 per tonne, up by $3.01 per tonne. Fastmarkets' index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $89.50 per tonne, up by $1.28 per...Read More

China's domestic rebar prices were flat on Friday August 16, though trading activity increased slightly. Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($521-525) per tonne, unchangedNorthern China (Beijing): 3,610-3,630 yuan per tonne, unchangedRebar futures picked up earlier in the day, which stimulated buying interest in the spot market. The benchmark rebar contract on the Shanghai Futures...Read More

The seaborne coking coal market resumed its downtrend on Friday August 16, with a widening price gap between low-vol and mid-vol cargoes reflecting relatively stronger demand for higher-quality products.A cargo of premium mid-vol hard coking coal traded at $160 per tonne cfr China, sources told Fastmarkets during the day. The transaction price is about $10 per tonne lower than that for a low-vol c...Read More

China's hot-rolled coil prices recovered some losses on Friday August 16 after trading activity returned to moderate levels, which led mills to turn down low bids in the export market.DomesticEastern China (Shanghai): 3,720-3,730 yuan ($529-530) per tonne, up 10 yuan per tonneNorthern China (Tangshan): 3,720 yuan per tonne, unchangedHRC futures largely trended upward during the day, which led to t...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

The following Fastmarkets minor metals prices changed on Friday August 16:Minor metals Antimony max 100ppm Bi, in-whs Rotterdam $/tonne: $5,900-6,100 per tonne from $5,950-6,150Antimony MMTA standard grade II, in-whs Rotterdam, $/tonne: $5,750-6,000 per tonne from $5,800-6,000Bismuth 99.99% Bi min, in-whs Rotterdam, $/lb: $2.75-2.95 per lb from $2.80-2.95Bismuth 99.99% Bi min, in-whs...Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

The price range for grade-304 cold-rolled stainless sheets narrowed upward this week while participants increasingly expect monthly alloy surcharges for September to rise substantially, Fastmarkets heard on Friday August 16.Fastmarkets' assessment of the price for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe was ?,?2,230-2,250 ($2,482-2,504) per t...Read More

Market participants in Asia expect PT Indonesia Tsingshan Stainless Steel to be the most significantly affected should the European Union decide to impose anti-dumping duties on imports of stainless hot-rolled coil and sheet from the region.The EU earlier this week initiated an anti-dumping investigation into imports of such products from China, Indonesia and Taiwan.The EU probe could further limi...Read More

Holiday absences in the key markets of South Korea and Japan have limited spot trading in ferrous scrap in the week ended Friday August 16, with only a limited number of transactions heard concluded to Taiwan.Japanese exporters were not offering much material because most market participants were on vacation."Sellers in both the United States and Japan will probably lower their offers next week, w...Read More

Turkey's military pension fund, OYAK, has reached a provisional agreement to buy steelmaker British Steel, OYAK said on Friday August 16. OYAK is the biggest shareholder of Turkey's largest steel producer, Erdemir Group, and this agreement is a step toward in its goal to become a regional leader in steel sector, OYAK said. British Steel entered into compulsory liquidation in May 2019 and rece...Read More

Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a software system used by the Hollywood Stock Exchange. Prior to inventing this technology, he worked on Wall Street where...Read More

Click Here to Listen to the InterviewRick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, minin...Read More

Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More

The metallurgical result and its implications are addressed in a ROTH Capital Partners report. In an Aug. 14 research note, ROTH Capital Partners analyst Jake Sekelsy reported that the final results from the metallurgical work done at Vista Gold Corp.'s (VGZ:NYSE.MKT; VGZ:TSX) Mt. Todd gold project in Australia were positive. Accordingly, ROTH increased its target price on the gold company to US$...Read More