Here are five Fastmarkets stories you might have missed on Monday March 16 that are worth another look.A sharp decline in market sentiment, linked to the spread of the coronavirus (2019-nCoV), has halted activity and reduced prices in the Japanese construction steel sector, steelmaker Tokyo Steel said.Rio Tinto has slowed work on the underground project at its Oyu Tolgoi copper-gold mine in Mongol...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index joined world markets in a steep plunge that reacted to the deepening economic impact from the coronavirus which has now been declared a worldwide pandemic. The Index fell 216.27 points or 20% and ended the week at 870.41, a level not seen since th...Read More

European car manufacturers have announced temporary stoppages at production sites across Europe due to the 2019-nCoV coronavirus pandemic, Fastmarkets learnt on Monday March 16.Car manufacturer Groupe PSA - maker of the Peugeot, Citroen, Opel and Vauxhall brands - has decided to close its plants in Europe, it said on Monday.It opted to close a number of production sites until March 27 "due to the...Read More

Domestic prices for hot-rolled coil in Northern Europe have remained almost unchanged day on day with buyers remaining in "wait-and-see" mode until they can evaluate risks related to the pandemic of 2019-nCoV coronavirus, sources told Fastmarkets on Monday March 16.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?481.25 ($534.61) per tonne on Monday March 16, u...Read More

Here are five Fastmarkets stories you might have missed on Monday March 16 that are worth another look.A sharp decline in market sentiment, linked to the spread of the coronavirus (2019-nCoV), has halted activity and reduced prices in the Japanese construction steel sector, steelmaker Tokyo Steel said.Rio Tinto has slowed work on the underground project at its Oyu Tolgoi copper-gold mine in Mongol...Read More

Special bar quality (SBQ) steel prices in the United States were flat across the cold-finished and hot-rolled grades during March, with market participants reporting continued soft demand offsetting rising ferrous scrap costs amid mounting concerns over the novel coronavirus (2019-nCoV).On the hot-rolled side, Fastmarkets' monthly assessment for steel bar hot-rolled special bar quality (SBQ) 1-inc...Read More

Trading activity in the export market for CIS-origin long steel products was nonexistent in mid-March because the market uncertainty caused by the 2019-nCoV coronavirus pandemic undermined demand that was already modest.And buying activity in the major sales outlets was reduced due to recent heightening of the political tensions in the Middle East, particularly in Turkey, Iraq and Lebanon.The Egyp...Read More

Cadence Minerals is poised to become a 20% shareholder in the Amap?? iron ore project in Brazil once the mine's current owner reaches a settlement agreement with its secured bank creditors. The London-based company and its joint-venture partners, Indo Sino Pte Ltd, have been in their own negotiations with the creditors and have offered a settlement involving a discount on the amounts owed by curre...Read More

Gary SavageCrash webinarI will do a webinar Tuesday morning outlining why this market crash occurred, the tools I used to predict it ahead of time, a brief tutorial on cycles, and where I think we're going from here (we're due for a convincing bounce soon) and also what I think is in store for the metals market over the next month. The price of the webinar is $50 this will include a 1 month sub...Read More

Steve St. Angelo, SRSrocco Report The world is heading towards a global depression, but the market hasn't quite figured it out yet. Unfortunately, many analysts and economists continue to believe that the worldwide contagion will be generally short-lived, suggesting growth will return in the second half of the year. A perfect example is the overly optimistic forecasts of global oil demand by...Read More

Export prices for pig iron from the south of Brazil were stable in new sales heard during the week that ended on Friday March 13.Fastmarkets' weekly price assessment for pig iron, export, fob port of Vitoria/Rio, was $320-325 per tonne on Friday, unchanged week on week.One sale was reported at $324-325 per tonne fob for May shipment to a trader in the United States market.But the majority of marke...Read More

Gold rose to high of $1574.80 and silver rose to a high of 1524.50 after the Federal Reserve slashed interest rates to near to and pledged hundreds of billions of dollars in asset purchases. Interest rate option is also now over for the Federal Reserve after this interest rate cut. There is more or less a global lockdown. There was a mad rush for cash. Traders and investors alike sold everything...Read More

Ferrous scrap prices across the global markets moved downward during the working week to Friday March 13 on lower confidence and reduced trading because of the continuing container shortage.Market stasis ends with lower prices in TurkeyUS export market expecting lower pricesPrices slip in Taiwan, VietnamIndian markets falter on poor conditions.TurkeyPurchases of cargoes from the deep sea market fi...Read More

Negative sentiment prevailed in the export billet market in the Commonwealth of Independent States amid a lack of clarity over the impact of the novel coronavirus (2019-nCoV) pandemic, market sources said.CIS billet was available to customers mainly at $390-393 per tonne fob Black Sea early this week, down from $395-400 per tonne early last week and mills were ready to negotiate. Most customers sh...Read More

China's domestic rebar prices moved up significantly on Monday March 16 on the recovery of end-user demand after the novel coronavirus (2019-nCoV) outbreak showed signs of having peaked in the country. Eastern China (Shanghai): 3,530-3,560 yuan ($504-508) per tonne, up 80 yuan per tonne Northern China (Beijing): 3,400-3,430 yuan per tonne, up 70-80 yuan per tonne Demand at construct...Read More

The findings come from Maya Gold & Silver's 2020 exploration program, in progress. In a news release, Maya Gold & Silver Inc. (MYA:TSX.V) reported recent results from the 2020 drill program underway at its Zgounder silver project in Morocco.The Canadian company's drilling focused on the Eastern zone, which has never been explored and which corresponds to a virgin zone of about 200 x 150 meters (2...Read More

European car manufacturers have announced temporary stoppages at production sites across Europe due to the 2019-nCoV coronavirus pandemic, Fastmarkets learnt on Monday March 16.Car manufacturer Groupe PSA - maker of the Peugeot, Citroen, Opel and Vauxhall brands - has decided to close its plants in Europe, it said on Monday.It opted to close a number of production sites until March 27 "due to the...Read More

Falcon Gold reported that it received an exploration drill permit for 20 drill pad locations at its Ontario project. In a news release, mineral exploration company Falcon Gold Corp. (FG:TSX.V) announced that "it has received an exploration and drill permit to carry out activities on its gold, silver and copper prospects on its central Canada project in Atikokan, Ontario." The firm indicated that...Read More

Shares of Alamos Gold traded 15% higher after the firm reported that it has repurchased a 3% net smelter return royalty on its Island Gold mine located in northern Ontario. Intermediate gold producer Alamos Gold Inc. (AGI:TSX; AGI:NYSE) today announced that "it has entered into an agreement to acquire and cancel a 3% net smelter return royalty payable on production from the Island Gold mine for t...Read More

Ely Gold Royalties closed a 15% net profit royalty interest on Nevada claims. Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) announced in a news release that it closed the acquisition of a 15% net profit royalty interest from Liberty Gold Corp.The percentage stake encompasses net profits from the recovery and sale of minerals from specific unpatented mining claims in Nevada's Mineral County. It...Read More