Weak demand and excess supply have driven Indian domestic secondary billet prices down by at least 1,300 rupees ($18) per tonne over the week ending Friday February 22, Fastmarkets has learnt.Indian domestic secondary billet prices ended the week at 33,000-33,200 rupees ($464-467) per tonne ex-mill. This was down from 34,300-34,500 rupees per tonne ex-mill, assessed by Fastmarkets last week.An off...Read More

Anglo American subsidiary De Beers achieved a 4% year-on-year increase in revenue to $6.1-billion in 2018, compared with $5.8-billion in 2017, which was supported by improved high-end jewellery sales at De Beers Jewellers.Its earnings before interest, taxes, depreciation and amortisation, however, decreased by 13% to $1.2-billion, compared with $1.4-billion in 2017.Advertisement“While unit c...Read More

Coated-steel prices in Turkey were stable in the week ending Friday February 22, with demand weak in both the domestic and export markets.Steel prices increased early February globally following sharp rises in raw materials prices due to supply concerns after Vale's tailings dam accident in Brazil.The incident will result in a 40-million-tonne-per-year production gap for iron ore, Vale said.Howeve...Read More

Steel coil prices in Turkey have mostly been stable in the week ended Friday February 22, with buying activity remaining weak.Prices are likely to fall soon if demand does not improve, sources told Fastmarkets.Buyers placed orders early in February because they had low stock levels, but end-user demand in the country was not strong, so at the moment buyers prefer to wait and see whether prices wil...Read More

Eastern promise for PolarXSPONSOREDpolarxIt said almost US$8 billion is being invested in the development of three copper projects: Quellaveco ($5 billion), Mina Justa ($1.6 billion) and Toromocho expansion ($1.3 billion).Read More

Eastern promise for PolarXSPONSOREDpolarxIn the face of increasing levels of complaints from local communities about miners using freshwater sources, the DGA aims to make it more difficult for them to access the precious resource by moreRead More

The price of shredded ferrous scrap imported into India fell this week, confirming the correction that market participants had been expecting, sources told Fastmarkets on Friday February 22.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $339.44 per tonne cfr on February 22, a fall of $6.06 per tonne from $345.50 per tonne cfr on Februa...Read More

Light iron steel scrap prices in the United Kingdom have increased for a fifth consecutive week, because of higher export prices in key markets, sources told Fastmarkets on Wednesday February 22,.But a correction could be coming, they added, with global markets beginning to struggle.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?95-120 ($124-157...Read More

Alloy steel scrap prices in the UK domestic and European import markets were largely stable during the week to Friday February 22, with sources indicating essentially unchanged market conditions compared with the previous week. The exception was grade-316 stainless scrap imported to Europe, the price of which increased by ?,?20 per tonne on the high side to ?,?1,440-1,470 ($1,633-1,667) cfr for so...Read More

Turkish steel mills resumed their deep-sea scrap bookings at the end of this week with a sharp decrease in the prices, sources said on Friday February 22.A steel producer in the Marmara region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $307 per tonne and 5,000 tonnes of bonus at $317 per tonne cfr, late on February 21.This compared with the previous Baltic Sea cargo...Read More

Iron ore prices continued to correct on Friday February 22 amid volatility in the futures market and low seaborne liquidity.MB 62% Fe Iron Ore Index: $86.65 per tonne cfr Qingdao, down $0.03 per tonne. MB 62% Fe Pilbara Blend Fines Index: $86.05 per tonne cfr Qingdao, down $0.03 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $88.43 per tonne cfr Qingdao, up $0.07 per tonne. MB 58% Fe Premium Ind...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. ...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade. The Canadian Dollar was up 0.07 to 75.70 cents U.S. following release of December Canadian Retail Sales. Consensus was a slip of 0.3% versus a drop of 0.9% in November. Actual was a slip of 0.1%.Royal Bank (RY $102.27) is expected to open higher after increasing its quarterly dividend. K...Read More

The seaborne coking coal market was quiet on Friday February 22 following a flurry of transactions through the week that sent prices of premium hard coking coal up by more than 4% over the week.Fastmarkets' cfr China Premium Hard Coking Coal Index was unchanged from the previous day at $212.60 per tonne on Friday, but up 4.8% from Monday, while the fob Australia Premium Ha...Read More

Base metals prices on the London Metal Exchange were mostly higher during morning trading on Friday February 22, with three-month copper and nickel prices breaching nearby resistance levels, while trade sentiment around US-China trade talks continues to support commodity investments. Copper's three-month price continues to trade in an uptrend amid a decade-low in LME stocks, while traded volumes r...Read More

China's hot-rolled coil prices continued to rise on Friday February 22, boosted by sellers pushing for higher prices amid pre-weekend restocking.DomesticEastern China (Shanghai): 3,780-3,790 yuan ($563-564) per tonne, narrowing upward 20 yuan per tonneNorthern China (Tianjin): 3,720-3,730 yuan per tonne, up 30 yuan per tonneSellers enjoyed higher prices today, with buyers restocking as usual...Read More

Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday February 22* Copper -$162.52 (-1,095.04 yuan) Aluminium -$340.73 (-2,295.78 yuan) Zinc -$99.84 (-672.67 yuan) Nickel -$295.69 (-1,992.3yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More

China's domestic rebar prices maintained their upward trend on Friday February 22 with stockists looking to replenish their inventories. Domestic Eastern China (Shanghai): 3,720-3,760 yuan ($554-560) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,730-3,750 yuan per tonne, up 30 yuan per tonneSome stockists were actively buying rebar to replenish inventories, wh...Read More

Could you use some extra cash? Donating body materials can be akin to a part-time job. And the pay is often better than driving for a ridesharing company or working as a retail clerk. We'll start with the easiest way to earn money with your body and work our way to the more complex.1. Hair - up to $1,500 ... or more!Buyers want healthy, attractive hair for wigs, extensions, and art projects. Hair...Read More

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