Aluminium prices pinned at four-year low as supply glut balloons

Aluminum fell for a fourth straight session on Thursday as China factory activity showed minimal growth in March, adding to concerns about falling metals demand and a ballooning supply glut as the coronavirus outbreak spreads further. Benchmark aluminum on the London Metal Exchange (LME) was down 0.9% to $1,487 per tonne by 1050 GMT. The […]

Gold: Precious metals extending their short-term downtrend

The gold futures lost 0.33% on Wednesday, as it slightly extended its Tuesday’s decline. The market has retraced some more of last week’s Monday’s – Tuesday’s rally and it remained below $1,600 mark. On Tuesday, the yellow metal has reacted to news about Russia’s plan to stop gold purchases, among other factors. For now, it looks like […]

Precious Metals Royalty And Streaming Companies: The March Report

The Precious Metals R&S Index declined by 6.61% in March. The Precious Metals R&S Equally Weighted Index declined by 10.69% in March. The best performance was experienced by Metalla Royalty & Streaming; however, in March, the best performance meant a decline of 1.63%. The biggest decline was experienced by Sailfish Royalty Corp., which lost more […]

Door to stainless scrap to China could be opening

For the past 10 years, booming stainless steel mills in China have purchased a relatively low percentage of imported stainless steel scrap, relying instead on nickel ore from Indonesia and the Philippines. Among measures taken to slow the spread of the COVID-19 coronavirus in the Philippines, however, has been a severe cutback in activity in […]

Steel Mills Products Market Growth 2020 | ArcelorMittal, Baoshan Iron & Steel, Nippon Steel & Sumitomo Metal

The analytical study report namely, Global Steel Mills Products Market Insights, Forecast to 2026 is a blend of latest trends and figures that reveals a broad analysis of the market drivers, revenue share, segmentation, and geographical presence of the market. The report discovers critical topics such as regional market scope, product-market various applications, market size according to […]

U.S. Steel announces aggressive actions in response to COVID-19 impact

United States Steel Corp. will implement a series of “aggressive and meaningful” actions in response to the significant corporate and global oil and gas market changes brought on by the COVID-19 crisis, the company recently announced. “In this unprecedented and rapidly changing situation, our first priority remains the safety and well-being of our employees,” U.S. […]

Chinese iron ore picks up, steel futures down

Chinese iron ore futures picked up on Tuesday, fuelled by demand hopes after the world’s second-biggest economy reported an unexpected growth in its factory activities in March. China’s official Purchasing Managers’ Index (PMI) jumped to 52 this month from a record low in February, beating analysts’ expectations of 45.0, the National Bureau of Statistics said. […]

Turkey’s crude steel production hit 5.9 million tons in 2020

According to a trade group data, Turkey’s crude steel production stood at 5.9 million tons in January-February, increasing 12.7 percent from the same period 2019. As said by the Turkish Steel Producers’ Association (TCUD), Turkey’s steel products exports volume decreased 4.9 percent yearly to 3.6 million tons in the first two months of 2020. Turkey’s […]

Turkey: Crude steel output surges 12.7% in Jan-Feb

Turkey’s crude steel production hit 5.9 million tons in January-February, rising 12.7% from the same period last year, a trade group data showed on Wednesday. The country’s steel products exports volume fell 4.9% year-on-year to 3.6 million tons in the first two months of this year, the Turkish Steel Producers’ Association (TCUD) said. Turkey’s earnings […]

Coronavirus Reshapes Stainless Steel Sector

Global stainless steel markets are being reshaped by the effects of the Covid-19 pandemic. As the situation develops, some suppliers are shutting down, or reducing output, due to a lack of downstream demand. Others are having production suspended by the actions of their respective governments, to combat the spread of the virus. In certain regions, […]