Last Saturday, I celebrated my 50th birthday.I started off the day with a great CrossFit workout, treated myself to a nice lunch, and then took some psychedelic mushrooms and went on a three-hour hike in the Adirondacks. The latter was my favorite part of the day. :) I don't typically do mushrooms a lot.For me, they really are a "special occasion" kind of thing.Moreover, I don't see mushrooms as a...Read More
Prices for imported hot-rolled and cold-rolled steel coil in the United States surged on Wednesday December 9 to the highest levels in more than two years, as buyers scrambled to find supply amid speculation that further increases are coming."Import volumes are limited," a West Coast distributor said. "With tariffs and dumping suits you aren't seeing a lot of imports arrive. I think domestic produ...Read More
Domestic European prices for hot-dipped galvanized coil increased over the week to Wednesday December 9, due to low availability, good demand and higher feedstock prices, sources told Fastmarkets during the week.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?680-730 ($823-884) per tonne on December 9, widening upward from ?,?680-700 per tonne a week earli...Read More
Steel reinforcing bar prices in the United States have surpassed a one-and-a-half-year high, propelled by raw material-driven mill hikes. Fastmarkets assessed steel rebar, fob mill US at $34 per hundredweight ($680 per short ton) on Wednesday December 9, up by 8.8% from $31.25 per cwt the previous week and the highest level since it was assessed at $34.50 per cwt on May 15, 2019. US marketFas...Read More
ArcelorMittal Gijon resumed steel making operations this week after six days of downtime due to industrial action, a company representative told Fastmarkets.The steel production at ArcelorMittal's Gijon plant, located in Asturias, Spain, was suspended on December 3 because of a worker's strike, Fastmarkets understands.Gijon steelworks has a capacity to produce about 600,000 tonnes per year of heav...Read More
Steel billet and rebar prices have increased in Egypt in the week ending Thursday December 10, because of restocking after recent price increases, market sources have told Fastmarkets.Egyptian rebar producers have raised their prices twice in December so far, because of high production costs.Producers in the country have been offering rebar at E ?11,450-11,600 ($728-738) per tonne ex-works includi...Read More
Ferrous scrap prices in the United States are facing more upside in January, in a market where supply is trying to catch up with demand. The strength of the ferrous scrap market has caught nearly everyone off-guard, with earlier predictions that the market had another $30-40 per gross ton to rise following the close of the November trade proving to be well below the actual settlements.&n...Read More
The Turkish deep-sea scrap import market was quiet on Thursday December 10, although prices remained firm, sources told Fastmarkets.A steel mill booked a European cargo at $377-378 per tonne cfr on an HMS 1&2 (75:25) basis, which raised the daily scrap indices by more than $12 per tonne on Wednesday, but the market was quiet on Thursday.There was talk of a sale from the United States at $400 per t...Read More
Companhia Sider??rgica Nacional (CSN) set the iron ore guidance for its own production and purchases from third parties at 33 million tonnes in 2020 and 38-40 million tonnes in 2021, the Brazilian steelmaker and miner said on Thursday December 10.CSN previously expected its output and third-party purchases to total 33-36 million tonnes this year, compared to 38.46 million tonnes in 2019.A business...Read More
New bookings of Commonwealth of Independent States (CIS)-origin billet in Southeast Asia and Turkey were heard at higher prices in the week to Thursday December 10, while some suppliers were reported to have withdrawn from the market to reconsider prices, sources told Fastmarkets. A billet cargo originating in Russia was heard booked to Turkey earlier this week at $538 per tonne cfr, which would n...Read More
Turkish steel billet prices have increased sharply this week due to rising imported scrap costs and tightening supply, sources said on Thursday December 10.Steel billet exporters from the Commonwealth of Independent States (CIS) have continued to raise their offer prices for Turkish customers, which now stand at $550-560 per tonne cfr compared with last week's $520-530 per tonne.The Turkish custom...Read More
Steel billet and rebar prices have increased in Egypt in the week ending Thursday December 10, because of restocking after recent price increases, market sources have told Fastmarkets.Egyptian rebar producers have raised their prices twice in December so far, because of high production costs.Producers in the country have been offering rebar at E ?11,450-11,600 ($728-738) per tonne ex-works includi...Read More
Mexico-centered Magna Gold has one operating project and several exploration projects, one of which just reported high-grade silver assays. Magna Gold Corp. (MGR:TSX.V; MGLQF:OTCQB) is a relatively new company it only began trading on the TSX Venture exchange in June 2019 but has quickly moved to optimize and restart operations at the San Francisco Gold Mine in Sonora, Mexico, that it acquired in...Read More
The likelihood that Liberty Gold will keep bolstering its upcoming maiden resource estimate for Black Pine through drilling is discussed in a Haywood report. Three Liberty Gold Black Pine DiscoveriesIn a Dec. 2 research note, Haywood analyst Geordie Mark reported that Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) "continues to release a steady stream of positive drill results from its Black Pine prop...Read More
Scottie Resources discovers an intensely mineralized gold trend along the Blueberry Vein at the Bow property. Scottie Resources Corp. (SCOT:TSX.V) announced in a news release that drill results revealed a new mineralization trend in the Blueberry Zone at its Bow property in British Columbia's Golden Triangle. "Fantastic drill results in an ideal location! This new Blueberry trend is a near surfac...Read More
Outcrop Gold Corp. reported it has discovered a fourth high-grade shoot at its Santa Ana property in northern Tolima, Colombia. In a news release, Outcrop Gold Corp. (OCG:TSX.V; MRDDF:OTCPK; MRG1:DB) announced "assay results from the first holes drilled in the El Dorado target on its 100% owned Santa Ana project in north Tolima, Colombia."The company stated that it made a drill discovery in the s...Read More
Magna Gold Corp. reported it intersected 302.73 silver equivalent over 1.30 meters at its La Pima High Grade Silver Target in Sonora, Mexico. In a news release, Magna Gold Corp. (MGR:TSX.V; MGLQF:OTCQB) announced assay results from drilling at its wholly owned La Pima property, which is located approximately 24 km northwest of the company's San Francisco Gold Mine. The firm noted that La Pima is...Read More
Cassiar Gold's Taurus deposit returns intercepts such as 83.42 meters of 1.2 g/t gold at its Cassiar asset. Cassiar Gold Corp. (GLDC:TSX.V; CGLCF:OTCQB) announced in a news release the drill results, including the best to date, of the final 10 holes of its 2020 program targeting the Taurus deposit of its Cassiar gold project in British Columbia. This batch of diamond drill results is from the dep...Read More
Aurania Resources aims to identify the sulphide-bearing core of iron oxide copper-gold targets at Lost Cities-Cutucu. Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) announced in a news release that a mobile magnetotelluric (MT) geophysical survey is scheduled to commence this week at its Lost Cities-Cutucu project in Ecuador and continue into next year. "The Mobile MT survey should complement th...Read More
Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) was close to concluding negotiations with automotive producers to raise its prices for steel under annual contracts in 2021 by 30-45% across different products, commercial director Luis Martinez said on Thursday December 10.For hot-rolled coil, the increase was expected to be 40-45%, while the company was aiming for a 30-35% rise for galva...Read More