The import price for billet in the United Arab Emirates fell this week, with demand remaining poor, sources told Fastmarkets on Tuesday January 15.Domestic rebarLocal rebar producers in the UAE announced reduced prices on December 20 for material due to be shipped in January. The country's largest producer, Emirates Steel, was offering rebar at 1,899 dirhams ($517) per tonne, while Conares Steel w...Read More

CIS export prices for steel slab inched downward in the week ended Monday January 15, with lower offers and bids being heard in the market.There were few slabs offers in the Black Sea basin because February-rolling material from Ukraine was not available, Fastmarkets learned.One slab offer from a Russian supplier in the Black Sea basin was reported at $410 per tonne fob.At the same...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletOman, export, billet, offered...Read More

Definitive measures proposed by the European Commission (EC) in the region's safeguard case against steel product imports are unlikely to have any major effect on Europe's imports of flat steel, market sources have told Fastmarkets.The only exception would be in the hot-dipped galvanized coil (HDG) sector, where the EC decided to split its originally proposed product category into two sub-groups,...Read More

The negative sentiment in the global long steel market has forced rebar and wire rod producers in the Commonwealth of Independent States (CIS) to cut prices to attract foreign customers.The ongoing weakening in the Turkish domestic and export long steel prices - particularly in rebar - amid soft domestic demand in Turkey, as well as in the United States and Europe, formed some of the driving force...Read More

The export market for hot rolled coil (HRC) from the Commonwealth of Independent States (CIS) has stabilized as prices approach levels workable for buyers, sources told Fastmarkets on Monday January 14. Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) was stable at $440-460 per tonne fob Black Sea on January 14. "The market looks more stable now. Buyer...Read More

Prices for 62% Fe iron ore were largely rangebound on Tuesday January 15, while those for lower grades rose further.MB 62% Fe Iron Ore Index: $73.78 per tonne cfr Qingdao, down $0.02 per tonne. MB 62% Fe Pilbara Blend Fines Index: $73.92 per tonne cfr Qingdao, down $0.02 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $75.50 per tonne cfr Qingdao, unchanged. MB 58% Fe Premium Index: $65.59 per to...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreVale, Global Ore, 170,000 tonnes of 65% Fe Iron Ore Carajas, traded at $88.10 per tonne cfr China, bill...Read More

Prices in the seaborne hard coking coal market continued to descend on Tuesday January 15, with participants on the fence about whether they have bottomed out.Two cargoes of premium hard coking coal with laycan set for February and March respectively were traded around $189-190 per tonne cfr China, various sources told Fastmarkets."At this level, it is difficult for prices to go up or down further...Read More

China's ferrous futures fell across the board during morning trading on Tuesday January 15 apart from the coke contract, which ended the session slightly higher.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,523 yuan ($521) per tonne, down 27 yuan per tonneMay hot rolled coil: 3,411 yuan per tonne, down 27 yuan per tonne Dalian Commodity Exchange May iron ore: 509....Read More

China's hot-rolled coil prices dropped on Tuesday January 15 on declining futures, though exporters maintained their high offers amid a stronger yuan.DomesticEastern China (Shanghai): 3,620-3,640 yuan ($535-538) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 3,600-3,620 yuan per tonne, down 30 yuan per tonnePrices in the spot market dropped after a weakening of the futures market durin...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday January 11.China ?EUR? The price for exported grade-553 silicon in China was unchanged for a sixth consecutive week amid thin inquiries.?EUR? Some Chinese exporters had raised their offer prices due to the strengthening of the yuan against the dollar, but no deals were concluded in the week ended Jan...Read More

UG2 chrome ore prices showed signs of improvement for the first time since October due to strengthening currencies in the week ended Friday January 11. UG2 prices tick up for the first time since OctoberChinese domestic ferro-chrome stalls, charge chrome inches lowerAlloy prices flat in Japan, South KoreaEuropean alloy prices under pressure UG2 chrome ore prices edged higher on Friday due to the...Read More

In China, the falling alloy market weighed on manganese ore prices, especially for lower-grade material, in the week ended Friday January 11, while the silico-manganese price in India increased. Price of 37% manganese ore, fob, falls by 35 cents per dmtuOre and alloy prices weaken in ChinaSilico-manganese price moves up in India, down in USAlloy prices in Europe unmoved78% FeMn market in US ticks...Read More

Lundin Mining (TSX:LUN) recently upped its copper production guidance from the three-year guidance it set just 12 months ago. With the stock roughly flat since its announcement, it's possible that the market hasn't fully digested the long-term upside of this update.Let's take a look at Lundin's current business model and ascertain whether there's multi-year profit potential from its upgraded gui...Read More

Hudbay Minerals Inc (TSX:HBM)(NYSE:HBM) has a penchant for destroying shareholder value-or at least not creating it. Since the start of 2004, shares have returned roughly 0%, heavily underperforming the TSX.That's a shame too, as the company has a huge asset base with significant value - as long as it's managed correctly. Previously, the company focused exclusively on high-quality copper mines, a...Read More

High-growth investors may have already cottoned on to the fact that gold stocks are on a tear at the moment, with the rally led by some of the biggest metal and mining tickers on the TSX index. With some indications of good per-asset value (if somewhat wayward P/E ratios) and lots of upside on the way, the following three gold stocks are a great way to invest in the yellow stuff on Canada's bigges...Read More

Uncertainty continues to darken the investment horizon, and while the TSX has rallied after a hard holiday season, defensive stocks are still the order of the day. The following trio of stocks fits the bill nicely while offering a spread of dividends and some diversification as well as upside in three of the most defensive areas available on the TSX index. With banking, utilities, and mining repre...Read More

In the last quarter of 2018, gold stocks significantly outperformed the market. The TSX Gold Index gained 18.4%, while the broader TSX Index was in the red. It has been a while, but investors appear to be once again warming up to gold as a hedge against turbulent markets.One company that stands to benefit from a rising gold price is Pretium Resources (TSX:PVG)(NYSE:PVG). In mid-December, the compa...Read More

Bob Moriarty ArchivesJan 16, 2019New Carolin Gold reports a total 43-101 resource of over 700,000 ounces of gold at a low-grade cutoff. That may not sound like much but they have a market cap of only $5.4 million. Those are cheap ounces at about a $6 per ounce US price.If I am right and we are on the verge of an explosion in the price of gold, the marginal projects will advance the most. While it&...Read More