Prices for steel rebar in Europe remained broadly stable over the past week, while trading in most markets remained slow, sources told Fastmarkets on Wednesday April 15.Last week, Italy extended its lockdown until May 3, leaving steel off the list of the "essential" industries allowed to continue operations.Nonetheless, some Italian steelmakers were still operating, having restarted...Read More

The price of mesh-quality steel wire rod in Europe was unchanged this week amid a quiet market, with buying being limited by the effects of the Covid-19 pandemic, sources told Fastmarkets on Wednesday April 15.This week in Northern Europe, trading was reported to be slow, with demand from end-users diminished by the quarantine measures that have been imposed.Fastmarkets' weekly price assessment fo...Read More

Prices for hollow steel sections in Europe were unchanged this week because trading activity failed to revive after the Easter weekend break, sources told Fastmarkets on Wednesday April 15.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?590-610 ($646-668) per tonne on Wednesday, unchanged week on week.Last week, it was reported that mil...Read More

Here are five Fastmarkets stories you might have missed on Wednesday April 15 that are worth another look.No market has been left untouched by the escalating coronavirus pandemic, but iron ore prices have proved relatively buoyant for the past two months compared with the price plunges we have seen in other commodities.Industry association European Aluminium has launched a strategic plan to maximi...Read More

The stock market has been acting as though truckloads of oral vaccine will show up on supermarket shelves by the weekend. Of course, we know better than to attribute the robust uptrend of the last two weeks to careful or even rational calculation. The market after all is not a thinking creature, just a dumb beast that has been annoyed by a swarm of flies, or excited by pheromones washing over th...Read More

By Avi GilburtOriginally published on SeekingAlpha on Sunday April 12: So, if you are like most market participants, there are many fallacies which you have likely accepted of late.First, you are likely viewing this "bear market" as having begun 6 weeks ago. Yet, if you actually understood the broader market in a bit more depth and better context, you would actually be viewing this "bear market...Read More

Insignia Consultants New DelhiWednesday, April 15, 2020TIME 7:27 AM IST -------------------------------------------------------------------------------------------------------------------...Read More

The Turkish deep-sea scrap import market has gone quiet again after the recent upturn, with material supply being limited, while buyers were struggling with weak demand for finished steel, sources said on Wednesday April 15.The daily scrap indices went up by more than $15 per tonne on Tuesday, after deals for United States- and Baltic Sea-origin cargoes were heard at $255-257 per tonne cfr for HMS...Read More

Seaborne iron ore prices were largely steady on Wednesday April 15 amid robust port prices and expectations of improving margins for Chinese mills, and despite persistent supply jitters.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $86.86 per tonne, down by $0.16 per tonne.62% Fe low-alumina fines, cfr Qingdao: $88.48 per tonne, down by $0.26 per tonne.58% Fe fines high-grade premium, cfr...Read More

Prices in the export market for steel slab from the Commonwealth of Independent States (CIS) have softened in mid-April, with demand limited in the major sales outlets by the effects of the Covid-19 pandemic, resulting in lower bids.Fastmarkets' weekly price assessment for steel slab, export, fob Black Sea, CIS, was $305-320 per tonne on Tuesday April 14, widening downward by $10 per tonne.Offers...Read More

China's domestic rebar market was mixed on Wednesday April 15 amid fluctuating futures, with prices in the eastern region falling while those in the north picked up. Eastern China (Shanghai): 3,430-3,460 yuan ($486-490) per tonne, down by 40 yuan per tonneNorthern China (Beijing): 3,430-3,460 yuan per tonne, up by 20 yuan per tonne Spot prices in eastern China dropped after rebar futures fell...Read More

The Asian ferrous supply chain is emerging from a slowdown caused by the Covid-19 pandemic ahead of the rest of the world, with demand recovering quicker here than in other regions.Key markets for flat and semi-finished steel as well as ferrous scrap in Asia are seeing prices being supported.This is in line with projections made by the International Monetary Fund about how emerging and developing...Read More

Energy Fuels believes its uranium and vanadium mill can play a key role in bringing the REE supply chain back from China. White Mesa MillIn a news release, Energy Fuels Inc. (EFR:TSX; UUUU:NYSE.American) announced that it plans to process rare earth elements (REEs) ore at its White Mesa Mill, not mine or produce REEs, while continuing its primary business of uranium mining and production. The com...Read More

Roxgold reported PEA data for its S?gu?la Gold project in C?te d'Ivoire indicates an after-tax NPV of $268 million with a 66% IRR based upon a $1,450/oz gold price. In a news release, Roxgold Inc. (ROXG:TSX) announced "the results of a Preliminary Economic Assessment (PEA) for the high-grade S?gu?la Gold project in C?te d'Ivoire." Roxgold noted that the PEA, which was prepared in accordance with...Read More

Ely Gold Royalties holds a second royalty on the same Nevada property in the Carlin Trend. In a news release, Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) announced it closed its transaction with a private seller to acquire a 3.5% net profits interest in the Ren property in Nevada for $500,000 in cash.The closing of this deal gives Vancouver-based Ely Gold a second royalty interest in the Ren...Read More

James Kwantes, editor of Resource Opportunities, outlines the potential upside as this project generator moves forward on its property in the Yukon.Well-run project generators are brick houses in a speculative corner of the market, where the winds of commodity prices and dilution are often house wreckers. Their share prices are typically backstopped by healthy treasuries, royalties and equity stak...Read More

Prices for hollow steel sections in Europe were unchanged this week because trading activity failed to revive after the Easter weekend break, sources told Fastmarkets on Wednesday April 15.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?590-610 ($646-668) per tonne on Wednesday, unchanged week on week.Last week, it was reported that mil...Read More

Oil futures settled at their lowest since 2002The Dow finished the day with a nearly 450-point loss, and down more than 700 at its session lows, with disappointing bank earnings and COVID-19-related economic headwinds weighing heavy. The Nasdaq andS&P 500 also finished in the day in the red, as investors unpacked the Empire State Manufacturing Index's record-low reading of -78.2. Doubt also crept...Read More

JD just reached a strategic deal with AI-specialist Blue Yonder China-based e-commerce giant JD.Com Inc (NASDAQ:JD) is set for its highest close in over two years this afternoon, up 2.7% at $45.05, after reaching a strategic agreement with artificial intelligence (AI) specialist Blue Yonder, Inc. The two parties plan on working towards providing supply chain transformation solutions for retailers...Read More

Bed Bath & Beyond is expected to post earnings after market close todayThe shares of Bed Bath & Beyond Inc. (NASDAQ:BBBY) are down 15.9% today, last seen trading at $4.52. This comes just ahead of the tech name's fourth-quarter earnings report, which is due out after the market close today. Below, we'll dive deeper into BBBY's earnings history, and why options traders should brace for a larger-tha...Read More