WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo has stressed to China the importance of continued enforcement of sanctions on North Korea to press it to give up its nuclear weapons, after warning of signs of backsliding by Beijing.The State Department said Pompeo had spoken to his Chinese counterpart Wang Yi on Thursday and discussed efforts “to achieve our shared goal of the comp...Read More

Indian flat steel producers are likely to roll over domestic prices of commercial-grade hot-rolled coil (HRC) for July sales.Officials from at least two major flat steel mills confirmed a rollover of HRC prices for July while pointing out that a reduction in HRC prices is unlikely because production costs for mills will rise to reflect the significant weakening of the rupee against the dollar. The...Read More

June 29, 2018 (Investorideas.com Newswire) This gold explorer looks to past-producing mines to find potential.Liberty Gold Corp. (LGD:TSX) started off the new year with a bang and has continued to focus on its three gold exploration projects: Goldstrike, Black Pine and Kinsley, all located in the sweet spot known as the U.S. Great Basin.The company announced additional drilling results from the we...Read More

BRUSSELS (Reuters) - French President Emmanuel Macron praised a deal on migration struck by the leaders of the European Union on Friday, calling it a significant step forward in efforts to resolve the influx of migrants to the continent from Africa and the Middle East.“We made a choice of cooperation,” Macron told a news conference after two days of talks wrapped up in Brussels.“...Read More

NEW YORK/LONDON (Reuters) - Deals involving media companies, including the bidding war for Rupert Murdoch’s Twenty-First Century Fox (FOXA.O), helped drive worldwide merger and acquisition activity to new highs in the first half of 2018, according to the latest Thomson Reuters Deals Intelligence data.The value of deals announced globally is at $2.5 trillion year-to-date, up 64 percent compar...Read More

Imports of hot rolled coil (HRC) into the European Union (EU) rose by 5.8% to 3.52 million tonnes during the first five months of 2018 from 3.3 million tonnes in January-May 2017, according to regional steel association Eurometal.Import volumes of Russian-origin HRC into the EU rose sharply to 749,000 tonnes in January-May 2018 from 147,000 tonnes a year earlier.In October 2017, the European Commi...Read More

BRUSSELS (Reuters) - Italy’s Prime Minister said a migration deal reached in the early hours of Friday by European Union leaders did not foresee that Italy will take back migrants who moved to Germany, in a remark that may not please Germany’s Chancellor Angela Merkel.“The accord does not foresee that Italy takes migrants from Germany,” Giuseppe Conte told a news conference...Read More

FRANKFURT (Reuters) - Deutsche Bank investors took a largely long view on its failure in this year’s U.S. stress tests, with its shares recovering on Friday from a record low hit earlier this week.Goldman Sachs analysts said the U.S. Federal Reserve’s issues with Deutsche Bank were “long standing” and “not new”, while UBS said the failure was “not a total...Read More

WASHINGTON (Reuters) - U.S. consumer prices accelerated in the year to May, with a measure of underlying inflation hitting the Federal Reserve's 2 percent target for the first time in six years.The rise in price pressures reported by the Commerce Department on Friday will probably not shift the Fed from its stated path of gradual interest rate increases as policymakers have indicated they would no...Read More

China's domestic hot-rolled coil prices edged higher on Friday June 29 despite thin trading, while export prices fell as overseas buyers bet HRC prices in China will soften in the coming days, sources told Metal Bulletin.DomesticEastern China (Shanghai): 4,260-4,270 yuan ($643-645) per tonne, narrowing up 10 yuan per tonneNorthern China (Tianjin): 4,170-4,180 yuan per tonne, up 10 yuan per tonneDo...Read More

BENGALURU (Reuters) - An inversion in U.S. Treasury yields, a solid and reliable predictor of past recessions, is at most two years away and perhaps only a year off, according to bond market experts polled by Reuters who have brought their forecasts nearer.While there is still plenty of optimism around the global economy, there are signs that growth in several economies has already peaked, putting...Read More

LONDON (Reuters) - European refiners are cutting purchases of Iranian oil faster than expected as the U.S. prepares to reimpose sanctions on Iran, threatening a more severe impact than the last round of punitive measures in 2012 even though the EU has not joined in.Washington said that companies would have to wind down their activities with Iran by November 4 or risk exclusion from the U.S. financ...Read More

Metal Bulletin reviews the major stories that have affected the steel market over the past week.Raw materials A cargo of premium hard coking coal fetched a significantly higher price on Thursday, though market participants have dismissed the transaction as one-off.China's coke prices have peaked, sources said this week, with downside concerns arising over the decline in export activity and th...Read More

Of No Real UseA young man might go to business school believing he is obtaining some sort of academic training that will enable him to make a comfortable living. His degree may gain him entry into a large corporation, where he can work his way up to a good income. This may even put him on the fast track to what he envisions as success. Don't knock it: Being useless can lead to unexpected care...Read More

(Reuters) - Ford Motor Co’s (F.N) long-time top lobbyist is leaving the No. 2 U.S. automaker to join Japan’s Softbank Group (9984.T), which is muscling up its Washington efforts, a person briefed on the matter confirmed on Friday.Ziad Ojakli, a Ford group vice president who has led the Detroit auto maker’s government relations strategy since 2004, will leave the company in two we...Read More

Domestic beam prices have risen in the United States after early June price hikes from Nucor and Gerdau, while import prices remain flat on a lack of market activity following the implementation of Section 232 tariffs against steel imports from Canada, Mexico and the European Union.Prices for domestic W8-x8-inch beams are now $43.50 per hundredweight fob mill ($870 per ton), up 3.6% from...Read More

(Reuters) - U.S. stock index futures gained on Friday, as Nike jumped after strong results and as bank stocks rose after clearing the Federal Reserve’s stress tests.The futures, though, fell sharply before recovering after news website Axios said President Donald Trump had repeatedly told his top officials he wants the United States to withdraw from the World Trade Organization.Setting a pos...Read More

* EU struggles to bridge rift over migration* But vague agreement eases fears of German govt collapse* Euro zone inflation hits 2 pct in June* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices, adds fresh quote, EZ flash inflation data, Greek bond yield move)By Dhara RanasingheLONDON, June 29 (Reuters) - German bond yields pulled back from recent one-month lows on Friday aft...Read More

Rebar producers in the United Arab Emirates have rolled over their prices for July bookings. Demand was moderate in the country because of summer season, sources said. The region's biggest steel producer,...Read More

 CloseGain/LossOn WeekGold $1252.50+$4.30-1.39%Silver$16.09+$0.09-2.25%XAU81.59+2.21%-0.50%HUI174.52+2.35%-1.36%GDM620.96+1.91%+0.35%JSE Gold1059.76+35.81-0.64%USD94.57-0.75+0.02%Euro116.79+1.13+0.14%Yen90.37-0.12-0.83%Oil$74.15+$0.70+8.12%10-Year2.855%+0.015-1.38%Bond144.90625-0.0625+0.63%Dow24271.41+0.23%-1.26%Nasdaq7510.30+0.09%-2.37%S&P2718.37+0.08%-1.33%  The Metals: G...Read More