Flat steel import prices in the United Arab Emirates and Saudi Arabia fell this week, with buyers waiting to see prices hit bottom before placing orders, sources told Fastmarkets on Tuesday February 25.Some market participants expected prices to fall because of weak demand, while others said demand could soon improve because stocks are low.UAEChinese hot-rolled coil was on...Read More
Turkish steel producers maintained their silence in the deep-sea scrap import market, leaving prices unchanged, sources told Fastmarkets on Tuesday February 25.Steel producers in the country booked eight deep-sea cargoes at rising prices last week, totaling some 250,000 tonnes.With last week's bookings, Turkish imports of scrap so far this month have included 21 deep-sea cargoes adding up to&...Read More
Seaborne coking coal prices were largely unchanged on Tuesday February 25 due to a lack of trading activity in the market.Fastmarkets indicesPremium hard coking coal, fob DBCT: $159.20 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $167.13 per tonne, unchangedHard coking coal, fob DBCT: $142 per tonne, up by $0.37 per tonne ...Read More
Seaborne iron ore prices were down on Tuesday February 25 amid heightened concerns about the novel coronavirus (2019-nCov) outbreak outside China and the resulting risk averse attitude of traders. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $90.83 per tonne, down $1.05 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $91.84 per tonne, down $0.98 per tonne. 58% Fe fines high-premium, c...Read More
A Pakistani mill that recently made a rare purchase of a bulk cargo of ferrous scrap from the United States West Coast will now likely buy such shipments with greater frequency, according to sources Fastmarkets spoke to.The trade - involving 30,000 tonnes of shredded scrap priced at $306 per tonne cfr Port Qasim - only came to light on Monday February 24, against the background of global economic...Read More
High inventory levels weighted on China's domestic rebar market on Tuesday February 25 while concerns over overseas demand also led to a drop in export prices.Eastern China (Shanghai): 3,450-3,480 yuan ($491-495) per tonne, down 10 yuan per tonne Northern China (Beijing): 3,380-3,420 yuan per tonne, widened downward by 10 yuan per tonne A pile-up of finished steel due to weak demand and transporta...Read More
China's hot-rolled coil prices fell in the northern region on Wednesday February 25 despite relative stability in the east, though trading activity across the country fell amid complaints over a lack of cash.DomesticEastern China (Shanghai): 3,560-3,570 yuan ($506-508) per tonne, narrowing upward by 10 yuan per tonneNorthern China (Tangshan): 3,330-3,350 yuan per tonne, down 10-20 yuan per tonnePr...Read More
BECOME AN SFTP MEMBERhttps://www.youtube.com/channel/UCzsq...DONATIONS to SFTPhttps://twitch.streamlabs.com/sftp1Superchat takes 30% we recommend you donate via stream labs in the link above.MIXER https://mixer.com/TommyCSFTPMerchhttps://teespring.com/stores/sftp-off...Patreon https://www.patreon.com/tommycDISCORD http://discord.gg/shotfromthepointDownload SFTP Podcasthttps://soundcloud.com/shotfr...Read More
Name King Ck Actor / Comedy /Youtuber /somali social media Pls Subscribe Like & ShareFadlan Haka ilaawin InaadDhahdo Share Like & CommentRead More
Name King Ck Actor / Comedy /Youtuber /somali social media Pls Subscribe Like & ShareFadlan Haka ilaawin InaadDhahdo Share Like & CommentRead More
Tracking insider activity is viewed by many as a means to measure management confidence in the company. According to David LePoidevin, senior vice-president and portfolio manager at Canaccord Genuity, “insider activity is maybe one of the best indicators of buying and selling.”The premise is quite simple. When insiders are buying the stock it is viewed as a bullish sign. On the flip si...Read More
David Pathe, CEO, Sherritt International. Image from Sherritt. Sherritt International (TSX:S) announced Wednesday a proposed transaction designed to improve capital structure and reduce the beleaguered Canadian nickel miner's debt by half.The transaction would give investors a 50% haircut and would reduce Sherritt's total outstanding principal debt obligations by about C$414 million (about $3...Read More
Gold Rush excavator (Credit: Volvo) To celebrate 10 years of Discovery's Gold Rush television show, Volvo designed a special edition EC200E excavator, which was sold at Ritchie Bros.' premier global auction in Orlando, to an online buyer from Belgium for $290,000. All proceeds will be donated to Habitat for Humanity and Building Homes for Heroes. The special edition excavator has a paint job - al...Read More
Naranjillo project. Credit: Plata Latina Mexican silver major Fresnillo has exercised its option to purchase the Naranjillo property from Vancouver's Plata Latina Minerals (TSXV: PLA). Naranjillo is a grassroots epithermal silver discovery located in the Mexican Silver Belt, approximately 35 km southeast of the Guanajuato mining district. Plata Latina also controls three other exploration ready p...Read More
Digitalization team (Credit: Epiroc) Vale (NYSE: VALE) has selected Mobilaris Engineering and Epiroc as partners to advance digitalization at its Canadian mines.The announcement is part of the company's digital transformation program within the mining area with the digitalization partnership aimed at enabling situational awareness for its workforce, equipment and consumables to ultimately inc...Read More
Dry vibrating magnetic filter (Credit: Eriez) Eriez, a company specializing in separation technologies, has published a white paper on the its high-intensity dry vibrating magnetic filter (DVMF), which removes very fine iron-bearing contaminants from hard-to-flow powders to produce higher-quality end products.The paper, developed specifically for hard rock mining industry professionals, describes...Read More
Seasoned metal-market watchers probably find it hard to believe that the upward run in palladium can continue because past periods of high prices have always ended with a fall as major users switchRead More
Group revenue rose 5.3% to A$1 billion. Underlying EBITDA was up 10.6% to $222 million and underlying EBIT rose 7.7% to $111 million. Underlying net profit after tax dropped 7% to $60.Read More
Share this articleVANCOUVER, British Columbia - Great Atlantic Resources Corp. [GR-TSXV] is pleased to summarize results for the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling program was conducted at the gold bearing Jaclyn Main Zone (JMZ), being part of the Jaclyn Zone. The JMZ is a gold bearing quartz ve...Read More
Today is Wednesday, February 26, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,642.35. It's up 0.45% from yesterday and up...Read More