Brazilian vehicle production increased by 0.50% year on year in April 2019 with a heated domestic market offsetting significantly lower export volumes, mainly to Argentina.Automotive output totaled 267,546 units last month, up from 266,140 units a year before, manufacturers' association Anfavea said on Tuesday May 7. Despite the slight increase, production totaled 965,393 units in the first four m...Read More

Domestic rebar producers in the UAE maintained their prices this week despite the cost of rebar and billet imports falling due to weak demand, sources told Fastmarkets on Tuesday May 7.Domestic rebar Local rebar producers in the UAE kept their prices unchanged for May production material, with demand remaining poor due to the Islamic holy month of Ramadan that started this week.The observance of R...Read More

Prices for flat steel products imported into the United Arab Emirates and Saudi Arabia have remained stable over the past week due to demand being limited by the start of the Islamic holy month of Ramadan, sources told Fastmarkets on Tuesday May 7.End-user demand has been poor recently, with buyers unwilling to book material because the market was not expected to improve any time soon.And Ramadan...Read More

EU long steel market participants are preparing for a deluge of Turkey-origin material to hit European shores in July when buyers race to fill up new quotas, sources told Fastmarkets. That means the European Commission's year-long quotas for Turkish rebar and wire rod - which begin on July 1 - are likely to be filled up within the same month, the Fastmarkets MB research team believes. Turkey-...Read More

The market for flat steel products in Russia's Central Federal District around Moscow was under pressure from low-priced imports in the week to Tuesday May 7, Fastmarkets understands.Fastmarkets' weekly price assessment for Russia-origin 4mm hot-rolled (HR) sheet was was unchanged for the second week in a row on May 7 at 43,000-44,500 roubles ($660-683) per tonne cpt Moscow, in...Read More

Turkish steel producers have continued to book deep-sea scrap with prices going down further, sources said on Tuesday May 7.A steel mill in the Iskenderun region booked a US cargo, comprising 23,000 tonnes of HMS 1&2 (80:20) at $300 per tonne and 5,000 tonnes of bonus at $310 per tonne...Read More

Turkish domestic ship scrap prices went down in line with the weakening of the country's lira during the week ended May 6, while auto bundle scrap prices remained largely stable, sources said on Tuesday May 7.Three steel mills lowered their buy prices for ship scrap to $305 per tonne delivered, while a fourth mill kept its buy price flat at $310 per tonne delivered.As a result, Fastmarkets' weekly...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transaction: iron oreIron oreRio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, traded at $93.30 per...Read More

Iron ore prices jumped above $95 per tonne cfr again on Tuesday May 7 after further disruption at Vale's Brucutu mine in Brazil.MB 62% Fe Iron Ore Index: $96.15 per tonne cfr Qingdao, up $1.81 per tonne. MB 62% Fe Pilbara Blend Fines Index: $94.83 per tonne cfr Qingdao, up $1.46 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $98.86 per tonne cfr Qingdao, up $1.89 per tonne. MB 58% Fe Premium Ind...Read More

The seaborne coking coal market picked up some strength on Tuesday May 7, with the gap between bids and offers narrowing on the Global Coal trading platform.A cargo of branded materials, scheduled for loading in June, was first made at $216 per tonne fob Australia earlier in the day before being revised downward to $213 per tonne fob.Meanwhile, a bid for the same cargo went from $205 per tonne fob...Read More

Brazil's Vale is expecting its 2019 iron ore and pellets sales to fall between the bottom and the middle of its targeted 307-332 million tonnes, after a court decided to stop its 30-million-tonne-per-year Brucutu mine once again.The Minas Gerais Court of Justice has "monocratically decided" to suspend the effects of the ruling by the Lower Public Treasury Court of Belo Horizonte in March that auth...Read More

Altech ticks boxes on path to production SPONSOREDaltech chemicalsFirst pass mapping and sampling at Target 15 at Porvenir has extended the porphyry copper-gold mineralisation at Cacharposa Creek on the Porvenir 2 concession, where rock sampling returned anRead More

China's domestic hot-rolled coil prices edged up further on Tuesday May 7 on tight supply, which lent strength to the export market.DomesticEastern China (Shanghai): 4,070-4,090 yuan ($602-605) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 3,940-3,950 yuan per tonne, up 10 yuan per tonneTrading was described as moderate during the day amid stable demand, several sources told Fastmark...Read More

Cobalt trade log including business, bids and offers reported to Fastmarkets. Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-warehouse, $ per lb Click here fo...Read More

China imported around 901,767 tonnes of chrome ore and concentrates in March, a drop of 20.6% month on month and a fall of 41.9% year on year, according to official but unconfirmed data seen by Fastmarkets. Meanwhile, China's chrome ore imports from South Africa, the world's largest chrome ore producer, came to 660,503 tonnes in March, accounting for around 73.2% of total shipments despite recordi...Read More

The US ferro-silicon price continued its precipitous fall last week amid pressure from the softer prices in global markets. Meanwhile, the European market found temporary stability amid shifting sentiment.US ferro-silicon market continues to weakenUS spot prices for ferro-silicon softened to 88-93 cents per lb on Thursday May 2, down by 2.7% from 92-94 cents per lb a week earlier, according to Fas...Read More

United States Senator Lisa Murkowski (R-Alaska) and three Senate colleagues on the Senate Committee on Energy and Natural Resources took a bipartisan legislative step in early May to remedy the U.S. economy's apparent over-reliance on foreign sources of "critical minerals," such as the battery minerals lithium, rare earth elements, graphite, cobalt and nickel that are crucial to emerging 21st cent...Read More

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CLICK HERE TO SEE WHAT CITY TOMMY SOTOMAYOR WILL BE IN NEAR YOU & PURCHASE TICKETS FOR THE ANTI PC TOUR! https://www.sotomayorent.com/preorder...click here to join the new Good Morning Sotonation Channel! https://www.youtube.com/channel/UCC-R...lets help defend tommy sotomayor against this crap by showing your support at https://igg.me/at/defendtommy/xclick here to subscribe to the new TNN Raw Cha...Read More

Bob Moriarty ArchivesMay 8, 2019In mid-April Generation Mining signed a Letter of Intent (LOI) withSibanye-Stillwater (SBGL-NYSE ADRs) to obtain up to 80% of the Marathon PGM project near Marathon, Ontario. At the end of 2017 Sibanye reported resources of 730 million pounds of copper and 4.3 million ounces of palladium/platinum and some gold. At prices back in 2017 the company viewed the Marathon...Read More