New US stainless surcharge ineffective so far: ATI

The revised surcharge mechanism introduced by domestic stainless mills in October has had little effect on buying patterns so far due to generally weak demand, a top stainless executive said this past week.

Fast Markets | October 29, 2011 | 7:15 pm

Coal stocks build up at South Africa’s Richards Bay

A build-up of coal stocks at the Richards Bay Coal Terminal in South Africa could mean a slowdown in the buyers’ market, even if Transnet, the national rail freight carrier, has increased its efficiency in shifting material from mines to the port.

Fast Markets | October 27, 2011 | 5:31 pm

Nucor might consider iron ore mining venture

20:21 Two big shareholders back PEAMCoal’s Macarthur bid Oct 22, 2011 20:11 Patriot bullish on met coal despite bigger 3d-qtr. loss Oct 21, 2011 16:16 SWAPS REPORT: Prices edge up at end of OTC iron ore market's biggest week Oct 21, 2011 12:17...

Fast Markets | October 22, 2011 | 7:30 pm

Two big shareholders back PEAMCoal’s Macarthur bid

KEYWORDS: metallurgical coal , PEAMCoal , ArcelorMittal , Peabody Energy , Macarthur Coal , Citic PEAMCoal Pty. Ltd. is less than 1 percent away from locking up its acquisition of Macarthur Coal Ltd. now that two major shareholders have agreed to sell...

Fast Markets | October 22, 2011 | 7:25 pm

Copper cancelled warrants signal Chinese restocking, not consumption

The recent rise in cancelled warrants for copper is a sign of Chinese merchants restocking at prices at or below $7,000 per tonne rather than consumption, traders told MB.

Fast Markets | October 20, 2011 | 3:10 pm

Central Steel nixes $264M offer: banker

KEYWORDS: Central Steel & Wire , Samuel Son , purchase offer , Edelman & Co Canadian metals distributor and metal products manufacturer Samuel, Son & Co. Ltd. has withdrawn a $264.3-million offer to acquire Central Steel & Wire Co. afte...

Fast Markets | October 18, 2011 | 5:25 am

Talks continue over permanent closure of ArcelorMittal wire rod plant

KEYWORDS: ArcelorMittal , wire rod , Fontaine , Belgium , closure Talks that started in late August between ArcelorMittal management and workers’ representatives over the permanent closure of the company’s wire rod plant in Fontaine, Belgium, are s...

Fast Markets | October 12, 2011 | 7:03 pm

Spanish merchants change tack, export ferrous scrap to Turkey

KEYWORDS: ferrous scrap , Spain , Turkey , domestic demand Spanish merchants have been exporting ferrous scrap to Turkey over the past six weeks because of weak domestic demand, market participants told MB Spanish merchants have been exporting ferrous...

Fast Markets | October 12, 2011 | 6:58 pm

Onesteel buys WPG iron ore assets for $306m

OneSteel has completed its purchase of WPG Resources' iron ore assets in South Australia for about A$320 million ($306 million), less than the A$346 million previously announced.

Fast Markets | October 6, 2011 | 12:40 am

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