Here are five Fastmarkets stories you might have missed on Wednesday September 1 that are worth another look.Russia's Ministry of Industry and Trade does not see any grounds for the extension of export duties for steel and non-ferrous metals into 2022, according to the deputy minister Viktor Evtukhov.Chile's...Read More
Prices for steel hollow sections in Europe remained steady on Wednesday September 1, and trading remained thin ahead of a possible downward trend, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic, delivered Northern Europe was ?,?1,400-1,430 ($1,654-1,690) per tonne on Wednesday, unchanged week on week.With market participants returning after the sum...Read More
Steel rebar prices in Northern Europe inched down from historical highs in the week to Wednesday September 1, but sources expect the market to hold steady in September due to resuming construction activity and limited imports, sources told Fastmarkets.Trading activity in the region has not fully recovered from the holiday lull but the outlook for September is quite positive, sources said."Construc...Read More
Russia's Ministry of Industry and Trade does not see any grounds for the extension of export duties for steel and non-ferrous metals into 2022, according to the deputy minister Viktor Evtukhov."I do not forecast any export duties for the next year. I do not see any grounds for that because prices started to decline and markets are cooling down, Evtukhov said on the sidelines of a panel discussion...Read More
Turkish steel producers remained out of the deep-sea scrap market on Wednesday September 1, booking no new cargoes, market participants said.No new cargoes were heard booked on the market, which was described as "quiet." Mills were said to be trying to bid at prices that were lower by as much as $10 per tonne from the previous transaction...Read More
Turkish steel producers made no new scrap bookings on Tuesday August 31, however a deal from the previous Friday came to light, which lowered prices, market participants said.The European-origin cargo was heard late on August 27, after the closing of the daily indices, and was followed by a public holiday in both Turkey and the United Kingdom on August 30.The cargo was booked by a steel mill in th...Read More
The export slab price from Iran decreased in the week to Wednesday September 1 after a fresh booking was heard at a lower level.Khouzestan steel, one of the country's largest slab exporters, finalized a tender for 40,000 tonnes of material to be shipped in mid-September at $680 per tonne fob southern ports, sources told Fastmarkets.Read More
Russia's Ministry of Industry and Trade does not see any grounds for the extension of export duties for steel and non-ferrous metals into 2022, according to the deputy minister Viktor Evtukhov."I do not forecast any export duties for the next year. I do not see any grounds for that because prices started to decline and markets are cooling down, Evtukhov said on the sidelines of a panel discussion...Read More
China's domestic rebar prices continued on a downward trend on Wednesday September 1, following a weaker performance in the futures market.DomesticEastern China (Shanghai): 5,190-5,230 yuan ($803-810) per tonne, down by 30 yuan per tonneThe drop in iron ore futures pushed down ferrous futures more widely during the day, an industry analyst said. The most-traded January iron ore futures contract on...Read More
The low-carbon ferro-chrome market in Europe surged to a new multi-year high in the week ended Tuesday August 31, with export taxes and tight supply driving up prices.Fastmarkets' price assessment for ferro-chrome 0.10% C, average 65-70% Cr, delivered Europe, rose to $2.73-3.05 per lb Cr on Tuesday, up by 15-35 cents per lb (9.5%) from $2.38-2.90 per lb Cr on August 17."The low-carbon ferro-chrome...Read More
Suppliers in China's domestic spot ferro-chrome market lowered their offer prices in the week to Tuesday August 31 after Tsingshan reduced its September ferro-chrome tender price by 800 yuan ($124) per tonne the week before.As a result, Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, fell by 600 yuan per tonne (5.7%) to 9,800-10,200 yuan ($1,517-1,579) per to...Read More
Even though to meet this guidance, Kopy Goldfields must achieve significantly higher production in this year's second half, "we believe H2/21 will show such growth," an Edison Investment Research report noted. In a Sept. 1 research note, Edison Investment Research analyst Alison Turner reported that Kopy Goldfields AB (KOPY:ST) posted "a competent set of H1/21 results" despite a challenging star...Read More
Fabled Silver Gold continues successful exploration in Mexico while preparing to spin off its copper project in Canada. Fabled Silver Gold Corp. (FCO:TSX.V; FBSGF:OTCQB; 7NQ:FSE) is making a new name for itself - Fabled Copper Corp. - as it spins off its Muskwa copper property in British Columbia, Canada while also making news at its Santa Maria silver and gold project in Parral, Mexico. The s...Read More
Following a one-month consultation, Fastmarkets is updating the wording of its Metals & Mining assessment methodologies to provide greater clarity around how its prices are determined. The wording refinements do not materially alter the way Fastmarkets Metals & Mining assesses prices and as such are not anticipated to result in any noticeable changes in Fastmarkets' assessment price levels or beha...Read More
Prices for steel hollow sections in Europe remained steady on Wednesday September 1, and trading remained thin ahead of a possible downward trend, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium) domestic, delivered Northern Europe was ?,?1,400-1,430 ($1,654-1,690) per tonne on Wednesday, unchanged week on week.With market participants returning after the sum...Read More
European steel H-beam prices remained unchanged on Wednesday September 1, with market participants mulling the potential for a change in direction following a drop in feedstock costs, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?1,050-1,080 ($1,240-1,275) per tonne on Wednesday, unchanged week on week.After returning to w...Read More
Following a one-month consultation, Fastmarkets is updating the wording of its Metals & Mining assessment methodologies to provide greater clarity around how its prices are determined. The wording refinements do not materially alter the way Fastmarkets Metals & Mining assesses prices and as such are not anticipated to result in any noticeable changes in Fastmarkets' assessment price levels or beha...Read More
Swedish steelmaker SSAB is to deliver fossil-free steel to automotive producer Mercedes-Benz AG for use in prototype parts for its vehicles, SSAB announced on Wednesday September 1.The two companies will work together in a partnership to use the fossil-free steel in automotive production, with the first trial for body car parts made from the steel planned for 2022.Mercedes-Benz said that by the ye...Read More
Angola's first cargo of iron ore lump was finally shipped out of southwest Africa in early August after a lengthy delay, according to Jamie van Reijendam, general manager of global trade at London trading house Ronly.The 60,000-tonne shipment of 60% Fe Cutato lump was loaded onto the vessel MV Desert Dignity from the Sacomar terminal in Port Namibe, bound for a consumer in northern China, Van Reij...Read More
Here are five Fastmarkets stories you might have missed on Wednesday September 1 that are worth another look.Russia's Ministry of Industry and Trade does not see any grounds for the extension of export duties for steel and non-ferrous metals into 2022, according to the deputy minister Viktor Evtukhov.Chile's...Read More