The European Commission (EC) has proposed measures that would prevent the effects of anti-dumping or anti-subsidy duties being combined with the safeguard measures that have been applied on imports of certain steel products."Cumulation of anti-dumping or anti-subsidy measures with safeguards may lead to a greater effect than desirable, and this issue should be examined in due course," the EC said...Read More
Russia has criticized Mexico at the World Trade Organisation (WTO) for maintaining anti-dumping duties on Russian steel exports, which it claims are outdated, being based on pricing assessments using data from a different country.The Mexican government used this method for past dumping calculations on Russian steel because it is permitted under WTO rules where a government dominates an economy tha...Read More
The Gemological Institute of America (GIA) will host a panel discussion entitled "Embracing Sustainability Amid New Consumer Expectations," at the JCK Las Vegas Show on Friday, May 31, at 12:00 p.m. The panel will be moderated by Susan Jacques, GIA president and CEO and five experts will address the need for sustainability in day-to-day operations of small and large companies in the gem and jewelr...Read More
"Mother's Day spending has been growing consistently over the past several years, and this year's spending is expected to be the highest in the 16-year history of our survey," NRF President and CEO Matthew Shay said. "Consumers are excited to celebrate all the moms in their lives, and retailers are ready to inspire consumers with unique gift options." While the number of people celebrating Mo...Read More
Austenitic alloy steel scrap prices in Europe went down in the week ended Friday May 3 because of further losses in the nickel market, Fastmarkets has heard.Fundamentals in the market were unchanged and were not exerting pressure on prices. While some traders reported slow supply, this was matched by demand. All sources said that the fundamentals were balanced.In the UK, Fastmarkets' assessment...Read More
The Turkish steel mills extended their silence in the deep-sea scrap markets at the end of this week, wth no bookings made because they expected to achieve lower prices, sources said on Friday May 3.The most recent deep-sea transaction activity was heard on April 30, and sent prices down by more than $4 per tonne on the day.A steel mill in the Marmara region booked a US cargo, comprising 22,000 to...Read More
The price of shredded ferrous scrap imported into India corrected downward this week on a quiet market, sources told Fastmarkets on Friday May 3.Fastmarkets' weekly index for containerized imports of shredded scrap into India moved down to $331.59 per tonne cfr Nhava Sheva on Friday, from $334.65 per tonne cfr one week previously.Deals heard on the market for shredded material were $330, $333 and...Read More
Seaborne iron ore prices remained flat on Friday May 3, with the major Chinese market still muted due to the ongoing Labor Day public holiday.MB 62% Fe Iron Ore Index: $94.17 per tonne cfr Qingdao, unchanged. MB 62% Fe Pilbara Blend Fines Index: $93.20 per tonne cfr Qingdao, unchanged. MB 62% Fe Iron Ore Index-Low Alumina: $97.27 per tonne cfr Qingdao, unchanged. MB 58%...Read More
Confusion and mixed sentiment about price trends in the Asian regional ferrous scrap markets have kept spot demand limited in the week ended Friday May 3.Vietnamese and Taiwanese buyers were betting on further falls in import prices and were not willing to purchase more cargoes. But South Korea was looking to purchase at least three bulk cargoes to guard against further price increases.VietnamFast...Read More
The seaborne coking coal spot market was largely unchanged on Friday May 3 amid thin trading in the absence of Chinese participants.A bid for a cargo of June-loading branded materials on Global Coal emerged at $205 per tonne fob Australia in the latter part of the day, compared with $203 per tonne fob earlier. The segment was generating bids of about $198 per tonne fob at the start of the week.Sep...Read More
Aluminium's three-month price on the London Metal Exchange consolidated during morning trading on Friday May 3, with fresh inflows of more than 26,000 tonnes doing little to pressure the light metal's stagnant price, while low liquidity conditions capped volumes traded. This week, more than 232,000 tonnes of aluminium have been delivered into LME-listed warehouses predominantly in Asia, taking tot...Read More
Canadian minor metals and speciality chemicals producer 5N Plus has reported revenue in the first quarter of 2019 of US$51.4 million, down by 12% compared with $58.5 million for the corresponding period in 2018.The reduced revenue came after three consecutive years of growth in earnings, and in large part reflected the effects of production challenges and to a lesser extent the consequences of red...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsExploration spend over the past 10 years totalled US$25.8 billion, well above the $15.4 billion allocated from 1990 to 2008. Yet, that spend yielded 102.4 million tonnes of copper in 21 major discoveries, compared with 992.5Mt in 199 discoveries in the preceding 19 years."Even after adjusting for copper in recently identified deposi...Read More
The following Fastmarkets minor metals prices changed on Friday May 3:Minor metalsAntimony MMTA standard grade II, $/tonne: $7,000-7,200 per tonne from $7,000-7,300Chromium MB...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. Index futures moved higher following release of April Employment Report. Consensus for Non-farm Payrolls was 190,000 versus 196,000 in March. Actual was 263,000. Consensus for April Unemployment Rate was unchanged from March at 3.8%. Actual was down 0.2 to 3.6%, lowest level in 49 years....Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsIt processed 364,176 tonnes of ore through the Nugget Pond copper and gold milling facility at a feed grade of 1.24% copper and 0.57g/t gold.Read More
Prices for grade-304 stainless steel cold-rolled (CR) sheets in Europe narrowed in the week ended Friday May 3 under the conflicting influences of higher alloy surcharges for May and lower nickel prices.The May surcharge for grade-304 CR sheets increased by ?,?20-23 per tonne to ?,?1,410-1,450 ($1,578-1,623) per tonne on April 26, despite falling nickel prices.Sources said earlier that, if nickel...Read More
UK long steel producer British Steel has been granted approval from a French court to take over troubled French special steelmaker Ascoval, the company said on Thursday May 2.Following the approval from the tribunal de grande instance (TGI) in Strasbourg, Ascoval, which is located in Saint-Saulve, Northern France, will officially become part of British Steel on Wednesday May 15 and will be renamed...Read More
No one really likes to think about their own mortality, which officially makes funeral planning one of the least-fun things that you do with your week. While you may have a general idea about how your final celebration of life should go, where you would like to be buried (or where your ashes will be scattered if you opt for cremation) there are dozens of other small decisions that will need to be...Read More
The annual contribution limit to all of your traditional and Roth IRAs for 2019 is $6,000, or $7,000 if you're age 50 or older. Your traditional IRA contributions may be tax-deductible. The concept being that you deduct contributions during your high-tax-rate years, let them grow tax-deferred, and withdraw them when your tax rate is lower.However, the deduction may be limited if you or your spouse...Read More