Latest Steel news
Mount Gibson begins shipments of high grade iron ore from Koolan Island
Fri, 26 Apr 2019 08:10:00 GMT
Australian miner Mount Gibson Iron has started shipments of high-grade iron ore mined from its Koolan Island operations in the Kimberley region in Western Australia.
LIVE FUTURES REPORT 26/04: SHFE nickel prices shrug off firm dollar; rest mixed
Fri, 26 Apr 2019 06:05:00 GMT
Only nickel prices on the Shanghai Futures Exchange managed to make significant headway during morning trading on Friday April 26, with the rest of the complex struggling against a firm US dollar.
IN CASE YOU MISSED IT: 5 key stories from April 25
Fri, 26 Apr 2019 00:05:00 GMT
Here are five Fastmarkets MB stories you might have missed on Thursday April 25 that are worth another look.
Lundin’s Q1 copper production down 3% but zinc output up
Thu, 25 Apr 2019 20:25:00 GMT
Lundin Mining’s copper production went down by 3% year on year in the first quarter of 2019 due to lower-than-expected grades produced from the Neves-Corvo mine in Portugal, the Canadian miner reported on Thursday April 25.
LIVE FUTURES REPORT 25/04: LME base metals soften amid continued dollar strength; copper falls below $6,400/t
Thu, 25 Apr 2019 17:45:00 GMT
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Thursday April 25, with the upward price action capped by broad strength in the US dollar index, while fresh cancelations fail to galvanize lackluster price action.
King Island Scheelite signs offtake agreement with WBH for tungsten concentrate
Thu, 25 Apr 2019 17:36:00 GMT
Australia-based King Island Scheelite has signed an offtake agreement for tungsten concentrate with Austrian producer of refined tungsten Wolfram Bergbau und Hutten AG (WBH), it announced this month.
LIVE FUTURES REPORT 25/04: Comex copper contract reverses lower amid robust dollar
Thu, 25 Apr 2019 16:42:00 GMT
Comex copper prices failed to maintain the previous day’s gains amid a surging dollar on Thursday April 25, which is putting downward pressure on most of the base metals prices.
SSAB forecasts strong Q2 steel demand in US, weaker demand in Europe
Thu, 25 Apr 2019 14:12:00 GMT
Swedish steelmaker SSAB has forecast that demand for heavy steel plate will remain strong in the United States in the second quarter of 2019, while in Europe “demand is expected to be somewhat weaker,” it said in its quarterly results on Thursday April 25.
CISA SCRAP CONF: Japan seeks new export markets for scrap on expected oversupply in 2020
Thu, 25 Apr 2019 11:25:00 GMT
Japan has increased its ferrous scrap exports to non-traditional markets on expectations of an oversupply of ferrous scrap from 2020 after the current wave of demand from the Tokyo 2020 Olympic Games ends, Genkichi Ando, chairman of the international network committee from the Japan Iron & Steel Recycling Institute, said this week.
CISA SCRAP CONF: China to continue growing ferrous scrap use in steelmaking from 2019
Thu, 25 Apr 2019 10:40:00 GMT
China will continue to increase its ferrous scrap utilization rates as part of its “Blue Sky” environmental protection policies from 2019, Ma Hongchang, advisor at the Bureau of International Recycling said at the 12th China International Metal Recycling Conference 2019 in Zhuhai, China, this week.
LIVE FUTURES REPORT 25/04: Dollar momentum caps LME base metals; tin continues downtrend
Thu, 25 Apr 2019 10:30:00 GMT
Base metals prices on the London Metal Exchange were mostly lower during morning trading on Thursday April 25, with buying appetite dampened by continued strength in the US dollar index, which reached its highest level since 2017 this morning.
LME ASIA WEEK 2019: What’s on and where?
Thu, 25 Apr 2019 08:30:00 GMT
LME Asia Week 2019, the annual gathering of thousands of global metals and mining professionals in Hong Kong, kicks off in the second week of May this year.
ANTAIKE CHINA SILICON CONF: Participants maintain bearish outlook for China’s silicon market
Thu, 25 Apr 2019 05:45:00 GMT
Capacity expansions among silicon producers in China’s Xinjiang province and soft demand from the downstream secondary aluminium sector have combined to put the Chinese silicon market under pressure, Fastmarkets heard at Antaike’s 2019 China Industry Silicon Conference on Wednesday April 24.
LIVE FUTURES REPORT 25/04: SHFE lead gains 1.2% on strong fundamentals, US-China trade optimism
Thu, 25 Apr 2019 05:25:00 GMT
Lead prices on the Shanghai Futures Exchange outperformed with an increase of 1.2% during morning trading on Thursday April 25 amid optimism over US-China trade talks next week and the metal’s solid fundamentals.
IN CASE YOU MISSED IT: 5 key stories from April 24
Thu, 25 Apr 2019 00:05:00 GMT
Here are five Fastmarkets MB stories you might have missed on Wednesday April 24 that are worth another look.
Global copper deficit continues into 2019, ICSG says
Wed, 24 Apr 2019 23:26:00 GMT
The global refined copper market logged an 8,000-tonne deficit in January 2019, extending the 390,000-tonne deficit seen for the full-year 2018 and lending some support to worldwide premiums and prices, according to data released by the International Copper Study Group.
OM Manganese agrees to pay up to $5 mln for mineral rights jv
Wed, 24 Apr 2019 20:55:00 GMT
OM Manganese will spend as much as A$7.3 million ($5.2 million) to establish a manganese ore joint venture in Western Australia with copper-gold-manganese explorer Bryah Resources.
LIVE FUTURES REPORT 24/04: LME base metals prices shrug off dollar surge
Wed, 24 Apr 2019 18:15:00 GMT
Base metals prices on the London Metal Exchange consolidated at the close of trading on Wednesday April 24, largely unaffected by a year-to-date high in the US dollar index, while three-month tin futures continued to face downward pressure.
NAIS 2019: Egypt’s DRI output to grow again in 2019
Wed, 24 Apr 2019 17:30:00 GMT
Egypt, the largest producer of direct-reduced iron (DRI) in Northern Africa, will increase its output further in 2019, Fastmarkets heard at the North Africa Iron & Steel Summit in Cairo on April 16-17.
BMW locks in cobalt supply from Murrin Murrin, CTT
Wed, 24 Apr 2019 17:15:00 GMT
Carmaker BMW has locked in supply of cobalt metal produced at Murrin Murrin and CTT for the production of electric vehicles, market sources confirmed to Fastmarkets.
LIVE FUTURES REPORT 24/04: US-China trade resolution hopes boost Comex copper price
Wed, 24 Apr 2019 16:28:00 GMT
The Comex copper price inched higher in US morning trading on Wednesday April 24 amid positive signs the United States and China’s trade impasse could be approaching a resolution.
Brazil’s aluminium demand estimates at risk on economic slowdown, Abal says
Wed, 24 Apr 2019 15:09:00 GMT
The slowdown in the Brazilian economy is putting estimates for aluminium product consumption in the country at risk, president of sector association Abal Milton Rego told Fastmarkets on Tuesday April 23.
Aluminium production in Western Europe falls on weakening auto demand
Wed, 24 Apr 2019 14:28:00 GMT
Primary aluminium production in Western Europe dropped by 36,000 tonnes or 3.9% year on year in the first quarter of 2019, while demand from the automotive sector has been weakening in all major EU markets.
Antofagasta Q1 copper production up 23% year on year
Wed, 24 Apr 2019 14:15:00 GMT
Chilean miner Antofagasta produced 188,600 tonnes of copper during the first quarter of 2019, up by 22.6% from the corresponding period in 2018 because of higher throughput and ore grades, the company said on Wednesday April 24.
PRICING NOTICE: Fastmarkets amends copper concentrates TC/RC index specifications
Wed, 24 Apr 2019 12:47:00 GMT
Fastmarkets is revising the specifications for its copper concentrates treatment and refining charge (TC/RC) Asia Pacific index after a thorough consultation with a wide range of market participants.
FAQ: Changes to Fastmarkets’ copper concentrate TC/RC index after base specs revisions
Wed, 24 Apr 2019 12:46:00 GMT
Fastmarkets' copper team has compiled the answers to frequently asked questions (FAQs) from the industry on the change in the benchmark copper concentrate TC/RC index calculation after a revision of the base specifications.
LIVE FUTURES REPORT 24/04: LME base metals mixed; data, dollar-index high buoy economic optimism
Wed, 24 Apr 2019 10:15:00 GMT
Record highs in the S&P 500 and NASDAQ Composite indices, alongside a 2019 dollar-index high of 97.73, (at the close on April 23) boosted economic optimism with some base metals trading up in the morning session on April 24, while others remain marginally suppressed.
MORNING VIEW: LME base metals prices remain under pressure despite record-setting US equities
Wed, 24 Apr 2019 09:37:00 GMT
Trading across most of the base metals is leading to price weakness – this despite record-setting levels seen in the S&P 500 and Nasdaq Composite on Tuesday. The exception is aluminium, where prices have been edging higher in recent days.
LIVE FUTURES REPORT 24/04: SHFE zinc tumbles 1% on rising availability, firm dollar; rest fall
Wed, 24 Apr 2019 05:25:00 GMT
Zinc led the rest of the base metals traded on the Shanghai Futures Exchange downward during morning trading on Wednesday April 24, with stock inflows and a firm dollar weighing on the galvanizing metal’s prices.
IN CASE YOU MISSED IT: 5 key stories from April 23
Wed, 24 Apr 2019 00:05:00 GMT
Here are five Fastmarkets MB stories you might have missed on Tuesday April 23 that are worth another look.