We all know that legal cannabis markets are booming and pot is increasingly being accepted into our society. There seem to be countless advertisements courting subscribers to this or that service for marijuana penny stocks that have, allegedly, doubled or tripled in price. But you need to be careful and treat any advertisements touting great investment performance with a grain of salt. I shouldn&r...Read More

The outlook for domestic prices for hot-rolled coil (HRC) in Europe remained negative, although they have been largely stable in the week ended Wednesday April 17, sources have told Fastmarkets.Domestic HRC prices in Europe have been under pressure from limited trading activity and they were expected to gradually decline, according to market participants."The market is showing a trend in a negativ...Read More

Domestic prices for heavy steel plate in Southern Europe have decreased over the week ended Tuesday April 17, due to slow demand and a fall in slab costs, sources have told Fastmarkets.Fastmarkets' weekly price assessment for domestic grade-S235JR heavy steel plate in Southern Europe dropped to ?,?540-565 ($610-638) per tonne ex-works on April 17, from ?,?555-570 per tonne ex-works a week earlier....Read More

China's domestic prices for hot-rolled coil softened on Wednesday April 17, which led to sentiment worsening among exporters of the flat steel product.DomesticEastern China (Shanghai): 3,990-4,000 yuan ($595-596) per tonne, narrowing downward by 10 yuan per tonneNorthern China (Tianjin): 3,930-3,940 yuan per tonne, down 20-30 yuan per tonnePrices dipped nationwide, with sources describing trading...Read More

Wire rod prices in the United States have deteriorated for a third consecutive month due to a range of factors, with prices for imported material also down on fresh cfr offers originating from Europe, Africa and Asia, market sources said.Fastmarkets AMM's assessment for industrial quality low-carbon wire rod was at $37-38 per hundredweight ($740-760 per short ton) fob mill on Tuesday April 16, dow...Read More

The price for rebar produced and delivered in Southern Europe has narrowed upward by ?,?15 per tonne over the past week with some Italian mills raising their previously low offers, market participants told Fastmarkets on Wednesday April 17.Fastmarkets' weekly price assessment for domestic rebar in Southern Europe was ?,?500-510 ($565-576) per tonne delivered on Wednesday, up from ?,?485-510 per to...Read More

The price range for domestic mesh-quality wire rod produced and delivered in Southern Europe has widened downward by ?,?10 per tonne week on week, with mills reducing their offers, market participants told Fastmarkets on Wednesday April 17.Fastmarkets' assessment of the EU domestic mesh-quality wire rod price in Southern Europe was ?,?525-550 ($593-621) per tonne on April 17, down from ?,?535-550...Read More

Turkish steel producers continued their deep-sea scrap purchases for May deliveries, and the prices of the latest cargoes confirmed the upward market direction, sources said on Wednesday April 17.A steel producer in Northern Turkey booked a European cargo, comprising 35,000 tonnes of HMS 1&2 (75:25) and 5,000 tonnes of bonus at an average price of $307 per tonne cfr.The prices of each grade were c...Read More

Iron ore prices continued to retreat on Wednesday April 17 following news that Vale was permitted to resume operations at its Brucutu mine in Brazil, with capacity for 30 million tonnes per year.MB 62% Fe Iron Ore Index: $93.23 per tonne cfr Qingdao, down by $1.55 per tonne.MB 62% Fe Pilbara Blend Fines Index: $92.01 per tonne cfr Qingdao, down by $1.55 per tonne.MB 62% Fe Iron Ore Index-Low Alumi...Read More

BHP has lowered its iron ore production guidance and raised costs expectations for the 2019 financial year amid disruption to operations caused by a cyclone that hit the west coast of Australia last month.The miner expects its iron ore operations to produce 265-270 million tonnes (at 100% basis) in the 2019 financial year, down 4.6% from its earlier estimate of around 273-283 million tonnes. The l...Read More

Prices for billet and rebar in the United Arab Emirates were stable this week amid continuing weak demand, sources told Fastmarkets on Tuesday April 16.Domestic rebar Local rebar producers in the UAE kept their prices unchanged for May production, with demand expected to remain poor due to the Islamic holy month of Ramadan starting early in the month. Observance of Ramadan among Muslim communities...Read More

China's domestic rebar prices dipped on Wednesday April 17 amid higher selling interest among traders. Domestic Eastern China (Shanghai): 4,050-4,100 yuan ($603-611) per tonne, narrowed downward by 30 yuan per tonne Northern China (Beijing): 4,030-4,060 yuan per tonne, widened downward by 10 yuan per tonneRebar traders lowered their prices slightly during the day to secure more sales. The lower pr...Read More

Ferro-silicon prices in the Chinese domestic market held steady last week despite elevated April tender prices from steel mills, while export offers in the country sank due to an influx of imported material into Asian markets. Meanwhile, US ferro-silicon prices softened slightly amid low levels of spot activity. Chinese domestic ferro-silicon prices stable despite higher April mill tender prices C...Read More

Domestic prices for hollow steel sections in both Northern and Southern Europe remained stable this week ahead of the Easter holiday when reduced trading is expected, sources told Fastmarkets on Wednesday April 17. Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was unchanged week on week on Wednesday April 17 at ?,?630-640...Read More

The United States Department of Commerce will impose preliminary anti-dumping duties of 37.65% and 43.73% on imports of China-made steel wheels in diameters of 12.0-16.5 inches, it has announced.Commerce will instruct the US Customs and Border Protection agency to collect this money as a deposit from importers, it said. These fees will be refunded if final assessments conclude that the exports hav...Read More

The number of new passenger car registrations in the EU decreased by 3.93% year-on-year in March 2019.This made it the seventh consecutive month of decline, the European Automotive Manufacturers Assn (ACEA) said on Wednesday April 17.New car sales in Europe totalled 1,722,442 units in March 2019, down from 1,792,880 vehicles sold in the corresponding month of 2018."Demand decreased in all the majo...Read More

BHP has lowered its iron ore production guidance and raised costs expectations for the 2019 financial year amid disruption to operations caused by a cyclone that hit the west coast of Australia last month.The miner expects its iron ore operations to produce 265-270 million tonnes (at 100% basis) in the 2019 financial year, down 4.6% from its earlier estimate of around 273-283 million tonnes. The l...Read More

A court decision has paved the way for Vale to completely resume operations at its 30-million-tonnes-per-year Brucutu mine, in Brazil's southeastern state of Minas Gerais.But the miner - the world's biggest iron ore producer - is maintaining its sales guidance for the steelmaking raw material despite this latest development, due to bad weather affecting production at its Northern System."The Minas...Read More

The state court of Minas Gerais (TJMG), in Brazil's southeastern region, partially suspended on Tuesday April 16 a previous injunction that was keeping Vale's Brucutu iron ore mine halted.The decision came after a request from the municipality of S??o Gon??alo do Rio Baixo, where the mine is located.The Brazilian miner shouldn't be prohibited from running the operations, as that could "severely hu...Read More

The latest ferro-tungsten and ammonium paratungstate (APT) transactions, bids, offers and assessments in Europe, Vietnam and China, with blue tungsten oxide (BTO) and yellow tungsten oxide (YTO) deals taken into consideration.To view the latest price assessments, please follow the links below: China - APT, fob China- Ferro-tungsten, fob China Europe - APT, cif Rotterdam- Ferro-tungsten, in-warehou...Read More