The Turkish deep-sea scrap import market remained steady on Thursday, with mills continuing to seek material for December shipment to replenish stocks, sources said on Thursday November 5.A steel mill in the Izmir region booked a deep-sea cargo of 25,000 tonnes of HMS 1&2 (80:20) from Venezuela at $290 per tonne cfr. The scrap is scheduled to be shipped in the first half of December.However,...Read More
Export prices for lower-impurity steel scrap grades from Japan jumped over the past week following greater buying interest from South Korean mills, market participants told Fastmarkets."The Japanese market is hot right now- a South Korean steelmaker increased its bid price for H1, plate & structural (P&S), Shindachi and shredded, while other mills are negotiating privately and paying [even] m...Read More
China's upcoming steel scrap futures looks set to be a game changer for the international community dealing in the steelmaking raw material.It will open up a whole new world of opportunities for both domestic and international traders, especially those who have been looking to capitalize on the massive size of China's domestic scrap market.While the Dalian Commodity Exchange (DCE) has yet to relea...Read More
Share this articleTORONTO - Barrick Corp. raised its dividend as its third-quarter profit topped expectations.The Toronto-based gold miner, which keeps its books in U.S. dollars, says it will now pay a quarterly dividend of nine cents per share, up from its previous rate of eight cents.The increased payment to shareholders comes as Barrick says it earned 50 cents per share for the quarter ended Se...Read More
And so it begins ...On election night, Washington, D.C., and Oregon voted to decriminalize psychedelics.That's right.Psychedelic mushrooms, LSD, and a handful of other psychedelic substances can now be consumed in those two places without fear of arrest.Now the truth is I don't care if you're into psychedelics or not.That's not the point of this article. Personally, I love magic mushrooms and LSD...Read More
Domestic prices for hot-rolled coil in Northern Europe moved up day on day on Thursday November 5, due to long lead times at European mills and a lack of import offers, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?511.34 ($597.98) per tonne on Thursday November 5, up by ?,?6.23 per tonne from ?,?505.11 per tonn...Read More
Domestic prices for heavy steel plate went down in Southern Europe in the week to Wednesday November 4 due to low demand, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?445-455 ($520-532) per tonne on November 4, down by ?,?5-10 per tonne from ?,?450-465 per tonne.The assessment reflected offers and "workable" prices...Read More
Finished steel inventories at member mills of the China Iron & Steel Association (Cisa) fell by 11.26% in late October from the middle of the month, according to data released on Wednesday November 4.October 21-31 outputCrude steel: 2.16 million tonnes per day, down 0.77%Finished steel: 2.14 million tpd, up...Read More
Steel rebar and billet prices have remained stable in Egypt in the week ending Thursday November 5, with demand being very weak, sources have told Fastmarkets.Egypt had reduced the safeguard duty it imposed on billet and rebar imports the week before.The duty for imported billet has been reduced to 13% for the cif market but with a minimum of $60 per tonne. This compared with a 16% duty and $75 pe...Read More
Domestic rebar and wire rod prices in Turkey continued to climb over the past week because of the weakening Turkish lira, sources told Fastmarkets on Thursday November 5.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 4,530-4,640 lira ($537-550) per tonne on Thursday, up from 4,450-4,500 lira per tonne last week.The increase followed a fu...Read More
The Turkish long steel export market remained unmoved on tight supply and high scrap costs over the past week, sources told Fastmarkets on Thursday November 5.Mills in the country achieved sales at $450-455 per tonne fob in previous weeks and set their offer price at $455-460 per tonne fob last week, which they are still offering. A cargo of Turkish rebar was sold to Peru at $450 per tonne fob in...Read More
The Turkish deep-sea scrap import market remained steady on Thursday, with mills continuing to seek material for December shipment to replenish stocks, sources said on Thursday November 5.A steel mill in the Izmir region booked a deep-sea cargo of 25,000 tonnes of HMS 1&2 (80:20) from Venezuela at $290 per tonne cfr. The scrap is scheduled to be shipped in the first half of December.However,...Read More
Export prices for lower-impurity steel scrap grades from Japan jumped over the past week following greater buying interest from South Korean mills, market participants told Fastmarkets."The Japanese market is hot right now- a South Korean steelmaker increased its bid price for H1, plate & structural (P&S), Shindachi and shredded, while other mills are negotiating privately and paying [even] m...Read More
China's upcoming steel scrap futures looks set to be a game changer for the international community dealing in the steelmaking raw material.It will open up a whole new world of opportunities for both domestic and international traders, especially those who have been looking to capitalize on the massive size of China's domestic scrap market.While the Dalian Commodity Exchange (DCE) has yet to relea...Read More
The prices of steel billet in the Turkish markets have increased over the past week, in line with firmer scrap costs and tight supplies of long steel, sources said on Thursday November 5.Turkish steel mills were booking scrap earlier this week at firm prices, with the mills trying to replenish their stocks after agreeing some long steel export sales, according to the sources.After the latest booki...Read More
Project Veritas was founded by James O'Keefe. The mission of Project Veritas is to investigate and expose corruption, dishonesty, self-dealing, waste, fraud, and other misconduct in both public and private institutions in order to achieve a more ethical and transparent society.Read More
There is going to be a lot of inflation in the future, even more so than what we had in the past, and that means a lot more money is going to go into gold.Continue...Read More
Steel rebar and billet prices have remained stable in Egypt in the week ending Thursday November 5, with demand being very weak, sources have told Fastmarkets.Egypt had reduced the safeguard duty it imposed on billet and rebar imports the week before.The duty for imported billet has been reduced to 13% for the cif market but with a minimum of $60 per tonne. This compared with a 16% duty and $75 pe...Read More
Trading activity in the Iranian export billet market remained limited at the beginning of November amid challenging market conditions in both the domestic and export outlets, sources said.In the domestic market, the Iranian government insisted on a higher allocation of semi-finished steel products at low prices to support local re-rollers, Fastmarkets was told.This left the domestic billet price e...Read More
The investment highlights of Nomad Royalty Company are presented in a Cormark Securities report. In an Aug. 20 report, analyst Nicolas Dion reported that Cormark Securities initiated coverage on precious metals royalty and streaming firm Nomad Royalty Company Ltd. (NSR:TSX; NSRXF:OTCQX), with a Buy rating and a CA$2.20 per share target price. The current share price is about CA$1.33."As the portf...Read More