Turkish rebar and wire rod export prices have gone down over the past week on weak demand and the downturn in scrap costs, sources said on Thursday October 8.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey was $440-450 per tonne on October 8, down from the $455-460 per tonne of last week.Turkish steel mills were reported to have reduced their of...Read More
Limited demand is keeping European plate producers from achieving substantial transaction price increases, sources say.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe was ?,?480-495 ($564-582) per tonne on Wednesday October 7, widening upward by ?,?5 per tonne from ?,?480-490 per tonne a week earlier.The assessment represents a few deals heard in the mark...Read More
Fastmarkets is proposing to launch a weekly Pakistan import shredded steel scrap index to provide transparency to a market whose global prominence was recently demonstrated by its robust performance even during the most testing conditions of the initial Covid-19 pandemic.Pakistan is the world's fourth-largest steel scrap importer, according to figures from the Bureau of International Recycling (BI...Read More
Turkish steel mills broke their silence in the deep-sea scrap market on Thursday October 8, booking two cargoes after achieving lower prices, sources told Fastmarkets.A steel mill in the Marmara region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $285 per tonne and 25,000 tonnes of shredded at $290 per tonne cfr.The same mill also booked a Baltic Sea cargo, consist of 24,000.....Read More
Prices for steel scrap imported into Bangladesh in containers have gone down again over the past week, while those for bulk cargoes were steadier, market participants told Fastmarkets on Thursday October 8.Weaker scrap market sentiment across the globe in recent weeks, combined with unfavorable Bangladeshi steel prices, has led to mills in the country presenting scrap sellers with cheap bids over...Read More
Seaborne iron ore prices were stable with no visible activity on trading platforms or at Chinese ports on Thursday October 8, the last day of China's Golden Week holiday, while iron ore swaps gained slightly amid limited trading. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $123.47 per tonne, unchanged 62% Fe low-alumina fines, cfr Qingdao: $123.49 per tonne, unchanged 58% Fe fines high...Read More
Seaborne coking coal prices in the fob Australia market fell on Thursday October 8 amid limited demand, especially with China being absent, sources said.Fastmarkets indicesPremium hard coking coal, fob DBCT: $135.12 per tonne, down $2.48 per tonnePremium hard coking coal, cfr Jingtang: $145.10 per tonne, unchangedHard coking coal, fob DBCT: $111.02 per tonne, down $2.50 per tonneHard coking coal,...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.In the iron ore market, supply issues including heavy rains at the start of the year, followed by staffing problems during the Covid-19 pandemic, have affected exports from Brazil. This has helped Australia gain a larger market share, but since June, Brazilian export volumes have returned to levels last seen before the...Read More
Base metals prices on the London Metal Exchange were mixed this morning, Thursday October 8, while equity markets were mainly upbeat because US fiscal packages may still be forthcoming. US President Donald Trump changed his tune on Wednesday, from postponing stimulus talks with the Democrats to encouraging them to pass a string of single rescue packages to targeted areas.Likewise, with Democratic...Read More
The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
The European Commission (EC) has set definitive anti-dumping duties on imports of hot-rolled flat stainless steel products from Indonesia, China and Taiwan, it announced in a document published on Tuesday October 6.The EC initiated an investigation after receiving a complaint from European steel association Eurofer on June 28 last year. The complaint gave evidence of dumping by the countries conce...Read More
The unsecured notes due 2030 will carry a 2.375% coupon. Proceeds will be used for general corporate purposes and will add liquidity to its balance sheet. The company's debt was $2.Read More
Share this articleCALGARY - A deal to sell the suspended Ekati Diamond Mine in the Northwest Territories for about $166 million has fallen through after bond issuers refused to go along with it.Owner Dominion Diamond Mines ULC says the offer by two affiliated companies, referred to as a "stalking horse bid," was rejected by Aviva Insurance Company of Canada, Argonaut Insurance Company and Zurich I...Read More
Over the past few months and weeks, there has been a lot of talk about an upcoming "civil war" in America.But what exactly do people mean by "civil war"?Well, it's not so clear.It's obvious that anyone predicting a "second civil war" in the United States is trying to conflate the social, political, and economic issues of our time to the American Civil War of the mid-19th century. Clearly that's a...Read More
Tom MacNeill, CEO of Omineca Mining, and Chris Temple, editor and publisher of The National Investor, discuss Omineca's recently commenced maiden diamond drill program at the Wingdam gold project in the Cariboo Mining District, as well as upcoming catalysts and events.[NLINSERT] Disclosures:1. The following companies discussed in this broadcast have paid a fee to participate: Omineca Mining and Me...Read More
Riverside Resources CEO Dr. John Mark Staude and Senior Geologist Erika Sweeney talk with Maurice Jackson of Proven and Probable about recent exploration results at the company's Los Cuarentas project in Sonora. Maurice Jackson: Joining us for a conversation is the CEO of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), Dr. John Mark Staude, along with senior geologist Erika Sweeney. Riverside...Read More
This zone is in addition to the Beyan Gold Zone discovery Troilus Gold announced at the end of September. Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) discovered another zone of mineralization, Goldfield, at its Troilus project in Quebec, the company announced in a news release. The zone is 28 km southwest of the recently announced Beyan Gold Zone discovery.Highlights of the Goldfield zone results i...Read More
‘A complete paradigm shift will make gold the generational trade’ As we turn the calendar to October, often a daunting month for financial markets, the same toxic mix that has bedeviled the global economy for most of 2020 remains in full force – the pandemic, the crippled economy, the money printing, and the disheveled politics. For its part, gold held up under the pressure of a...Read More
Stimulus "negotiations" are ongoing in what Trump fans call an "art of the deal" kind of way, and Trump's beat The China Virus, so it's all good, right?Everyone thinks Trump is the Master of the Deal after calling off stimulus negotiations on Tuesday, only to call for an even bigger something-or-other just today.Notice, however, what was missing from Trump's "Negotiations" Tweet informing us that...Read More