Indian hot-rolled coil producers have increased their export prices for the commodity by at least $10 per tonne in the past week, citing higher demand and raised prices in the domestic market.The price of steel HRC (commodity), export, fob main port India, was assessed by Fastmarkets at $445-450 per tonne on November 29, an increase of $10-15 per tonne compared with last week's assessment at $430-...Read More
Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil, or pre-painted galvanized iron (PPGI), were stable in the week to Friday November 29, with demand strong in the domestic market because of expectations that prices will rise further, sources have told Fastmarkets.The rise in raw materials costs was the reason for the higher steel prices, they added.Fastmarkets' daily index...Read More
Turkish flat steel producers increased their prices slightly during the week ended Friday November 29, with demand strong in the market because of the expectation that prices will increase further.Raw material prices, especially those for scrap, have also continued to increase recently.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $268.32 per tonne on No...Read More
Indian domestic secondary billet prices continued to be subdued during the week ended Friday November 29 with makers of long steel products reducing their purchases of semi-finished material.The price of steel billet domestic, exw India, assessed by Fastmarkets on November 29, dropped by 100 rupees per tonne week on week to 26,000-26,200 rupees ($364-367) per tonne, compared with 26,100-26,300 rup...Read More
Rebar producers in Poland have been boosting demand by giving discounts on their products in the week to Friday November 29, a week after announcing price rises, sources told Fastmarkets.As a result, Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, ex-works Poland, was 1,970 -2,000 zloty ($502-510) per tonne on November 29, compared with 2,000-2,050 zloty per tonne...Read More
Turkish long steel producer Ko?? Metalurji will resume production at its steel and rolling mills at reduced outputs at the beginning of the December, a company spokesperson told to Fastmarkets on Friday November 29.Ko?? Metalurji had stopped production at all its steelmaking operations on October 1 as a result of weak long steel and billet market conditions .Demand and prices for rebar export...Read More
Global scrap prices returned to growth during the week ended Friday November 29, with trading continuing in all the major scrap markets except the United States, which was quiet due to its Thanksgiving holiday,Prices move up in Turkey but trading thinUS market quiet on Thanksgiving holidayIndian market inches up on fresh dealsPrices up in Vietnam on higher transaction pricesTaiwan prices up on sol...Read More
The inter-merchant spot price for light iron scrap in the UK was unchanged in the week ended Friday November 29, based on a steady increase in European export prices to Turkey and regular demand from major British shredders, trade sources told Fastmarkets.In the near term, year-end holidays in the UK and across Europe, as well as winter conditions, were expected to underpin or possibly raise scrap...Read More
Austenitic alloy steel scrap prices in the UK domestic market were largely stable this week because low demand was matched by dwindling supply, sources said on Friday November 29.Fastmarkets' price assessment for stainless steel scrap 316 solids, domestic, delivered merchants UK, was ?1,170-1,250 ($1,512-1,615) per tonne on November 29, widening upward by ?20 per tonne and returning to the level...Read More
By: Ira EpsteinNothing bullish on the daily chart. This could change..Read More
The export price for Brazilian steel slabs continued its uptrend during the week ended Friday November 29 with more expensive offers to North America starting to be accepted, market participants told Fastmarkets.Fastmarkets assessed the price for steel slab, export, fob main port Brazil, at $360-380 per tonne on Friday, narrowing upward from $355-380 per tonne a week before. The midpoint was at it...Read More
Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling precious metals investment book of all time, Rich Dad's Advisors: Guide to Investing In Gold and Silver. In addition, Mr....Read More
Five people have reportedly been in killed in a series of attacks on or near London Bridge early Friday afternoon, according to Sky News.Continue...Read More
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Indian domestic secondary billet prices continued to be subdued during the week ended Friday November 29 with makers of long steel products reducing their purchases of semi-finished material.The price of steel billet domestic, exw India, assessed by Fastmarkets on November 29, dropped by 100 rupees per tonne week on week to 26,000-26,200 rupees ($364-367) per tonne, compared with 26,100-26,300 rup...Read More
Somoene has made a big bet that gold could triple in the next 18 months. Continue...Read More
Prices in the CIS export billet market continued to climb in the last week of November, supported by the continuing uptrend in the international scrap market.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $390 per tonne fob Black Sea on Friday November 29, against $384 per tonne on Monday.Offers of CIS-origin billet were scarce because mills' allocations for December rollin...Read More
The Canadian company accomplishes this by completing the requisite expenditures and drilling on the property. Aben's Forrest Kerr Gold ProjectAben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced in a news release it completed the drilling at the Forrest Kerr project in British Columbia's Golden Triangle required by a 2016 option agreement and, thereby, earned full ownership of the property.The...Read More