Flat steel prices in Russia's Central Federal District around Moscow declined in the week to Tuesday May 26 amid slow demand and an oversupplied market, sources told Fastmarkets.Buying activity in the region remained limited over the past week and key suppliers to the region cut offers for June rolling and revised stockist prices down for May rolling, sources said."Mills have huge stocks they need...Read More

Crude steel production in Germany fell by 23.85% year on year in April due to production cuts made to reflect the drop in demand caused by the Covid-19 pandemic, the German steel federation said this week.Germany's crude steel production totaled 2.56 million tonnes in April 2020, down from 3.56 million tonnes in the corresponding period of 2019, WV Stahl said on Monday May 25.The last time ou...Read More

Oversupply in the steel rebar market in Russia's Central Federal District around Moscow is a cause for concern, sources told Fastmarkets on Tuesday May 26, although prices remained largely unchanged week on week. Construction, the key consumer, was still running slowly after a gradual restart in the wake of the Covid-19 lockdown restrictions, sources said"Yes, the construction activity has im...Read More

Broad markets were stronger this morning, Tuesday May 26, with many Asian-Pacific equity indices up by around 2%, while pre-market major western equities were up by around 1% but metals prices were mixed.Hopes that the reopening of economies will lead to an economic recovery are boosting equities but the United States-China trade dispute is worsening, which is not going to help the global economy...Read More

NEW TOOLS IN ITS LATEST MICROMINE UPGRADESPONSOREDmicromineCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe updated study delivered a 43% increase in undiscounted pre-tax free cashflows to A$1.6 billion, or A$1.2 billion post-tax.Read More

Turkish deep-sea scrap import prices remained broadly stable on Tuesday May 26 after news of a fresh cargo came to light. The transaction which came to light on Monday was sold either on Sunday May 24 or Monday May 25, sources said. The market was relatively quiet at the beginning of the week due to a public holidays in many countries on...Read More

Steelmaker ArcelorMittal is to receive a ?,?75 million ($82 million) loan from the European Investment Bank (EIB) to be used on its projects intended to reduce carbon emissions.Two projects will operate at ArcelorMittal's Ghent location in Belgium. These are worth ?,?215 million in total and are hoped to eliminate as much as 350,000 tonnes per year of CO2 emissions in the first phase.The first pro...Read More

Seaborne premium hard coking coal prices dropped on Tuesday May 26, due to recent lower transaction values, while most market participants now expect prices to remain flat for some time.Fastmarkets indicesPremium hard coking coal, fob DBCT: $115.36 per tonne, down $2.91 per tonne Premium hard coking coal, cfr Jingtang: $124.37 per tonne, down $1.04 per tonneHard coking coal, fob DBCT:&nb...Read More

Japanese steel producers which use electric-arc furnaces (EAFs) are being forced into raising their purchasing prices for ferrous scrap feedstock despite there being no upward movement in their steel sales prices, sources in Japan have told Fastmarkets.On Tuesday May 26, key EAF mill Tokyo Steel raised its bid price for steel scrap by ?500 ($5) per tonne at all its steelworks except in Tahara, wh...Read More

The prices for seaborne iron ore went down on Tuesday May 26 with market sources saying that Brazilian miner Vale's weekly iron ore shipments increased, easing market concerns about supply.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $95.28 per tonne, down by $2.37 per tonne.62% Fe low-alumina fines, cfr Qingdao: $97.97 per tonne, down by $2.31 per tonne.58% Fe fines high-grade premium,...Read More

The seaborne iron ore concentrates and pellet market followed the uptrend in the iron ore fines market, but at a slower pace, in the week to Friday May 22, sources said.Iron ore concentrates, however, continued to be traded at discounts to the 65% Fe fines index because of a much stronger Brazilian high grade fines market, sources said. Fastmarkets' index for iron ore 66% Fe concentrate, cfr Qingd...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 55 points in pre-opening trade.Bank of Nova Scotia (BNS $51.99 Cdn) is expected to open higher after reporting higher than consensus fiscal second quarter earnings. Merck gained $2.33 to $78.70 after announcing a deal to develop coronavirus vaccines. Autozone added $41.06 to $1164.00 after reporting higher than consens...Read More

Three-month base metals prices on the London Metal Exchange were mostly up during morning trading on Tuesday May 26, with copper giving the best performance of the complex in terms of percentage gains.The three-month copper price was most recently trading at $5,369.50 per tonne, up by $81 per tonne (1.5%) from last Friday's 5pm close of $5,288.50 per tonne. The LME was closed on Monday due to the...Read More

Broad markets were stronger this morning, Tuesday May 26, with many Asian-Pacific equity indices up by around 2%, while pre-market major western equities were up by around 1% but metals prices were mixed.Hopes that the reopening of economies will lead to an economic recovery are boosting equities but the United States-China trade dispute is worsening, which is not going to help the global economy...Read More

The price range for high-carbon ferro-chrome widened in Europe in the week ended Friday May 22, with industry sources reporting deals agreed for more than 500 tonnes of material.The price spread widened to $0.15 per lb after deals were reported that raised the higher end of the assessment.Trading activity was said by most sources to be quiet, with only one supplier reporting deals done. But the pr...Read More

 We must understand one thing. This is an absolutely all-out major assault upon capitalism being led by the Socialists in union with the Climate Change and the Gates Foundation which has also been pushing the democratization of paper money. This means they are no about to allow any alternative to their agenda. This goes beyond the massive voter fraud we see coming for the 2020 election in the...Read More

Key data from Friday May 22 pricing session in Shanghai.Key drivers- Chinese exporters held their offers firm due to a strong domestic market amid tightened supply; very few plants in China are producing grade-553 silicon.- Market sources said interest from abroad had...Read More

Proposal Received for a Pre-Feasibility StudyBased on internal updated resource prices, Copper King's Preliminary Economic Assessment (PEA) has a projection of pre-tax cash flow of $510.54 million, NPV of $321.6 million, and 52% pre-tax annual IRR at $1600/oz. goldELKO, Nevada, May 26, 2020 /PRNewswire/ -- U.S. Gold Corp. (Nasdaq: USAU) (the "Company") a gold exploration and development company,...Read More

Key data from the pricing sessions in London and Shanghai on Friday May 22.Key drivers:- Buyers in China continue to replenish stocks that have run thin from refineries, bridging a gap in shipments from Africa in March and April that was a result of South Africa's Covid-19 lockdown. Outflows...Read More

Banyan Gold (TSXV: BYN) president and CEO Tara Christie was juggling the impact of COVID-19 on the industry, and at the same time, began a new role. Like many parents worldwide, the mining executive and multi-generational gold miner began home schooling for her six-year-old daughter during the pandemic."I've had to teach myself phonics," Christie laughed. But while Christie and her daughter Katie...Read More