The pig iron market in the United States strengthened in the week to Friday May 1, with several buyers restocking material, sources told Fastmarkets.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $295-300 per tonne on Friday, up by $5 from $290-295 per tonne last week.One purchase of Ukraine-origin pig iron was done...Read More
The Turkish deep-sea scrap import market ended the week with a lower-priced deal coming to light on Friday May 1, in line with market expectations for the direction of prices, sources told Fastmarkets.News of the cargo came to light late on Thursday, with a steel mill in the Iskenderun region buying a European cargo comprising 17,000 tonnes of HMS 1&2 (80:20) at $236 per tonne cfr, and 7...Read More
The inter-merchant spot price for light iron scrap in the UK has edged up over the past week, climbing by ?5 ($6) per tonne amid increased competition among some major shredders for feed, while a slowdown in export markets has limited stronger advances, sources said on Friday May 1.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, wa...Read More
The market for pig iron exports from the Commonwealth of Independent States improved during the week to Thursday April 30 on new sales to traditional outlets. Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $280-289 per tonne on April 30, up by $5-9 from $275-280 per tonne last week.A sale of Ukraine-origin pig iron was done to the United...Read More
Weak steel demand globally continued to put pressure on the direct-reduced (DR) iron pellet market, with suppliers and buyers still unable to agree a premium for the second quarter. Fastmarkets' assessment of the iron ore DR-grade pellet premium, Middle East reference, was $30 per tonne on Thursday April 30, unchanged month on month."We have not reached any agreement with suppliers, so t...Read More
Outright cobalt hydroxide prices came under pressure in April with limited demand from end-users in Asia outweighing the impact of delays and supply uncertainty stemming from South Africa's lockdown. Fastmarkets' cobalt hydroxide index, min 30% Co, cif China, was calculated at $9.98 per lb on Thursday April 30, down by 9.27% from $11 per lb at the end of March. The monthly index is a tonnage-weigh...Read More
Sherritt International has seen only modest impacts to its production as a result of Covid-19, but withdrew its production guidance for 2020 due to a number of market and economic uncertainties caused by the pandemic.Prior guidance for 2020 nickel production was 32,000-34,000 tonnes, while cobalt guidance was for 3,300-3,600 tonnes this year. The company has a 50% stake in the Moa joint venture, w...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday May 1.China The rise in UG2 chrome ore prices slowed down after China's major stainless steel mills all raised their ferro-chrome tender prices by a lower-than-expected amount. The imported charge chrome price ticked upward by $0.01 per tonne on improving sentiment and with availability of material f...Read More
Tommy from Half-Life VR but the AI is Self-Aware, escapes Black Mesa and learns to be human.-Music Credits-Outro Song: Metal tribute to Crash Bandicoot (FinTom) https://www.youtube.com/watch?v=uO_OD...-People Featured In This Video- https://www.twitch.tv/lolathonhttps://www.twitch.tv/furtraphttps://www.twitch.tv/vrtrapmanhttps://www.twitch.tv/beezlebooptvhttps://www.twitch.tv/the_great_fish23https...Read More
Please check out myt-shirts and support by purchasing https://shop.spreadshirt.com/kevinsco...Follow me on Twitter https://twitter.com/kevinellerbe32Minorities for Trump on Facebook:https://www.facebook.com/groups/13615...FaceBook https://www.facebook.com/senseoutofno...Read More
Welcome to Kevin Zadai's Official YouTube Channel Kevin Zadai is known as the man who went to heaven and back, so he knows that heaven is for real.In 1992 during a routine surgery, I met with Jesus on the other side. The time I spent in the presence of Jesus profoundly changed me to my core. I believe Jesus promised me that my story, including all the things I learned during our conversation, has...Read More
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Government encouraging people not to work.Jim Cramer's restaurant can't stand the heat.Businesses at increased risk for lawsuits.Nobody is forced to go to work.Democrats don't believe all women.Q&A:Link to my Standup: https://www.youtube.com/watch?v=ne__p...Read More
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The oil price crash may have had a muted effect on Canadian stocks, especially in comparison with those down in the United States. But the fact is that hydrocarbon producers are facing some stiff headwinds.Let’s take a look at alternative sectors for investment today. Here’s what energy investors need to know right now from commodities and a popular green power play to an exciting new...Read More
Negative oil prices isanother corona consequences that no one saw coming. A 30% drop in world oil demand due to the corona lockdown's resulting in demand falling to 70m barrels per day, whilst the producers are pumping out over 90mbd meant that storage faculties had become saturated, thus nowhere to transport new supply to. What actually triggered the collapse was the expiry of May NYMEX oil futur...Read More
Theaction in silver is really interesting. Let’s check the prospects for volatilewhite metal, and the relevant historical analogy it offers. Is the major 2008 –2020 analogy in terms of price moves remains intact? In short, yes. SilverShares Its Two CentsSilverplunged to our initial target level and reversed shortly after doing so. It wasfor many months that we’ve been featuring t...Read More
I think the case is closed, or it should be closed. But with firmly ingrained perceptions passed down from one generation of inflationist gold bugs to the next, you never know. Remember the old dismissive “gold is silver is copper is tin is oil is hogs” line from the 2003-2008 time frame? Probably not, but I remember it because it was me saying it against an army of inflationist commod...Read More
The Dow Jones Industrial Average fell 0.22%, or 51.58 points, to 23,723.69, and the S&P 500 dropped 0.21%, or 6.03 points, to finish the trading week at 2,830.71. Spot gold finished US$26.60 per oz. lower at US$1,702.90 per oz., a 1.54% drop.Vale was the most heavily traded stock of the week, finishing up US31 ? at US$7.98. The company said it will resume dry processing operations at the Timbopeba...Read More
The S&P/TSX Composite Index rose 1.39% to 14,620.30 during the April 27-May 1 trading week. The Global Mining Index fell 0.81% to 82.25 and the Global Base Metals Index climbed 1.18% to 75.24. Spot gold dropped US$26.60 per oz., or 1.54%, to finish at US$1,702.90, and the Global Gold Index fell 1.32% to 342.27.News that Eric Sprott invested $60 million into MAG Silver sent the company's shares up...Read More