The pig iron export price from the Commonwealth of Independent States has rolled back under pressure from the bearish mood caused by the global spread of the novel coronavirus (2019-nCoV). Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $320-327 per tonne on March 12, down from $329-340 per tonne a week earlier."Crashed oil pric...Read More

The price of steel slab from Brazil has edged downward over the past week, with sellers attempting to put limits to a downtrend in the market amid growing uncertainty in the United States.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, fell to $460-470 per tonne on Friday March 13, from $470-475 per tonne in the previous week.The market was shaken when many custo...Read More

Trading activity in the CIS export billet market remained quiet in the week ended Friday March 13 despite the fact that most CIS mills have reduced their offer prices.Offers from Russia and Ukraine were heard mainly within the range of $390-395 per tonne fob Black Sea, down by $5 per tonne week on week. One Russian producer even offered billet as low as $380 per tonne fob Black Sea, but the offer...Read More

China's domestic rebar prices increased on Friday March 13 on futures gains driven by market participant optimism over the news of a reduction in the central bank's required reserve ratio. Eastern China (Shanghai): 3,450-3,480 yuan ($494-498) per tonne, up 20 yuan per tonne  Northern China (Beijing): 3,320-3,360 yuan per tonne, up 20 yuan per tonne People's Bank of China (PBOC) plan...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday March 13. United States  Thin available inventory pressured prices upward. Consumer interest was still limited but suppliers drove liquidity...Read More

In doing so, Novo Resources will consolidate its regional land holdings there and dissolve the joint venture. Novo Resources Corp. (NVO:TSX.V; NSRPF:OTCQX) announced in a news release it will acquire a 100% interest in exploration licenses E47/1745 (Purdy's Reward) and E47/3443 (47K) in Western Australia from Artemis Resources, thereby eliminating the last Novo-Artemis joint ventures. "Novo now h...Read More

The price of stainless steel in the domestic European market was unchanged in the week ended Friday March 13 amid stable market conditions, but participants were bracing for a substantial downturn driven by the measures to contain the outbreak of 2019-nCoV coronavirus, sources have told Fastmarkets."So far... demand is unchanged, but a decrease might come," a Scandinavian distributor said. "Can we...Read More

Mako Mining presents the highlights of recent positive drill results. San Albino projectIn a news release, Mako Mining Corp. (MKO:TSX.V; MAKOF:OTCMKTS) announced that drilling in the Las Conchitas area of its San Albino-Murra property in Nicaragua extended near-surface, high-grade gold mineralization. Results are available for 17 holes totaling 1,669 meters (1,669m) and drilled in five zones. Ass...Read More

Divesting of these assets allows Liberty Gold to focus on its core projects. Liberty Gold Corp. (LGD:TSX; LGDTF:OTCQB) announced in a news release it closed two sales.One was the sale of its net profit interest in the Regent Hill property in Nevada to Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB). With the transaction, Liberty received US$800,000 and 2 million purchase warrants for Ely Gold co...Read More

Key points about Equinox Gold are made in a BMO Capital Markets report. In a March 11, 2020, research note, BMO Capital Markets analyst Ryan Thompson reported that coverage of Equinox Gold Corp. (EQX:TSX; EQX:NYSE.A) resumed following a period of research restriction related to its merger with Leagold and was transferred to him. BMO increased its target price on the gold producer, which it rates...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday March 13.China Spot domestic Chinese ferro-chrome prices have dropped after leading mill Tsingshan Group lowered its March tender price by 2.6%.The lower tender and...Read More

Oil and gold also logged brutally sharp weekly lossesThe Dow finished an ugly week on a high note, as Wall Street recouped some of the historic losses it suffered in the last five days. The blue-chip index posted its best percentage gain since October 2008, adding huge last-minute gains after a news conference from President Donald Trump, who declared the coronavirus outbreak a national emergenc...Read More

We took a closer look at what SPY level you should watch before March expirationTriggering yet another whirlwind week on Wall Street, coronavirus fears continue to rise, as a rapid increase in cases both worldwide and within the U.S. shake investors. Markets began the week with catastrophic losses, including that of oil, which experienced its worst single-session drop since 1991. The broad market...Read More

Bank stocks have not been exempt from the sell-offMichael Burry, made famous for his shorting of the housing market and his portrayal in the aptly titled movie The Big Short, made waves in August for his stance on passive investing. Railing against exchange-traded funds (ETFs), he warned that a possible bubble could exist and could be triggered by a global catalyst. Well, that's happening right no...Read More

DIS puts are popular todayAs the travel industry continues to struggle, Walt Disney Co (NYSE:DIS) is up 3.7% to trade at $95.27. Disney announced it will close its resorts in California, Florida, and Paris, France starting March 15th, 2020 until the end of the month in order to help prevent the spread of coronavirus. The cruise line is also suspending new departures until April. Three analysts hav...Read More

Major indexes are making gainsThe Dow Jones Industrial Average (DJI) is extending its rebound this afternoon, surging 1,300 higher at its intraday peak. Also recovering from yesterday's worst market crash since 1987 is the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), now seeing a boost out of the tech and finance sectors. Also guiding the lift is news the government is getting close to agr...Read More

General Mills is enjoying today's broad-market rally General Mills, Inc. (NYSE:GIS) is enjoying today's broad-market rally, up 4.4% to trade at $52.16 and once again finding support at its 320-day moving average -- a trendline breached during yesterday's steep selloff. This positive price action comes right ahead of General Mill's quarterly earnings report, due out before the open next Wednesday,...Read More

Oracle reported fiscal third-quarter earnings that beat analysts expectations but revenue that missed the markStumbling software name Oracle Corporation (NYSE:ORCL) is getting some respite today, following its fiscal third-quarter earnings report of 97 cents per share, which just beat analysts estimates. The $9.8 million in revenue also posted missed the mark, though the firm asserted that the co...Read More

Comcast stock is moving higher after a long-term drop on the chartsShares of telecommunications conglomerate Comcast Corporation (NASDAQ:CMCSA) are up 5%, last seen trading at $36.68. As coronavirus continues to ravage the global economy and cases of infection continue to increase in the U.S., public gatherings, events, and now theme parks, are being postponed or closing to limit the spread. Movin...Read More

When it comes to our Adaptive Dynamic Learning (ADL) predictive modeling system, we get asked questions from our friends and followers about how it could predict a virus event or how it could predict a price event so far out into the future.  The truth of the matter is the ADL predictive modeling system doesn’t predict unknown virus, banking or other types of events.  What it does...Read More