Recent News

Turkey changes duties on rebar, pig iron, CRC

January 03, 2020 / www.metalbulletin.com

Turkey has increased the import duty imposed on steel rebar, removed the duty reductions allowed on cold-rolled coil imports by producers of coated coil, and removed the duty on pig iron imports, according to the Turkish Official Gazette on December 31, 2019.According to the new regulations, the import duty on rebar is now 30%, up from the previous 10%.The 2% import duty on pig iron is now 0%.And...Read More

EUROPE SECTIONS: Trading remains on hold after holiday

January 03, 2020 / www.metalbulletin.com

Hollow steel sections prices in Europe were unchanged this week, with trading still on pause following the Christmas break, market sources told Fastmarkets on Thursday January 2.Fastmarkets' weekly price assessment of steel sections (medium), domestic, delivered Northern Europe, was ?,?590-600 ($661-672) per tonne on Thursday, unchanged since the previous assessment.Many market participants have y...Read More

EUROPE BEAMS: Prices flat in trading hiatus

January 03, 2020 / www.metalbulletin.com

The price of steel H-beams across Europe remained unchanged on Thursday January 2, with many market participants not yet returning to work after Christmas, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?550-570 ($616-638) per tonne on January 2, unchanged from the previous assessment.Most market participants still remained...Read More

EUROPE HRC: Domestic prices largely unchanged in slow market

January 03, 2020 / www.metalbulletin.com

The domestic price for hot-rolled coil in Northern Europe was largely unchanged on Thursday January 2, due to slow trading activity, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index domestic, exw Northern Europe, was largely stable at ?,?439.17 ($492.27) per tonne on Thursday January 2, compared with ?,?439.39 per tonne on December 31.Market activity has...Read More

DAILY SCRAP REPORT: Sentiment turns negative on poor finished steel demand

January 03, 2020 / www.metalbulletin.com

Turkish steel mills remained quiet in the deep-sea scrap import market on Thursday January 2, with most suppliers staying out of the market due to the year-end holidays, sources told Fastmarkets.Turkey's deep-sea scrap import market has been silent since December 20, when a Baltic Sea cargo was booked at $303 per tonne cfr.Sentiment, however, has now turned negative becaus...Read More

CIS PIG IRON: Market remains in holiday lull

January 03, 2020 / www.metalbulletin.com

The pig iron export market in the Commonwealth of Independent States (CIS) remained in holiday mode in the week to Thursday January 2. Fastmarkets' weekly price assessment for high-manganese pig iron export, fob main port Black Sea, CIS, was $320-325 per tonne on Thursday January 2, up from $315-322 per tonne a week earlier.Suppliers...Read More

IRON ORE DAILY: Prices rise despite rebar downturn, Tangshan restrictions

January 03, 2020 / www.metalbulletin.com

Iron ore prices advanced on Thursday January 2 despite a downturn in rebar and further production restrictions in China's steel hub of Tangshan.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $94.05 per tonne, up $1.92 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.14 per tonne, up $1.92 per tonne.62% Fe low-alumina fines, cfr Qingdao: $94.35 per tonne, up $1.81 per t...Read More

COKING COAL DAILY: Prices start 2020 steady

January 03, 2020 / www.metalbulletin.com

Seaborne coking coal prices were steady on Thursday January 2, with market participants still on the sidelines.Fastmarkets indicesPremium hard coking coal, fob DBCT: $140.69 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $148.77 per tonne, unchangedHard coking coal, fob DBCT:...Read More

IRON ORE MONTHLY: 65% Fe prices breach $100-per-tonne level again as 2019 ends

January 03, 2020 / www.metalbulletin.com

Prices for 62% Fe iron ore experienced a gradual recovery as 2019 came to an end, rising to the $90-per-tonne level, while the high-grade 65% Fe segment even breached $100 per tonne.Traded volumes for the Singapore Exchange's 65% Fe futures contract, which is settled against Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao, amounted to 1.994 million tonnes in December....Read More

LIVE FUTURES REPORT 02/01: LME copper price breaches $6,200/t amid high turnover; zinc nears $2,300/t

January 03, 2020 / www.metalbulletin.com

The three-month copper price on the London Metal Exchange was higher across morning trading on the first working day of the year on Thursday January 2, breaching nearby resistance amid high trading volumes, with zinc futures following higher.Copper's outright price on the LME was recently at $6,210 per tonne, climbing by around 0.6% from Tuesday's closing price of $6,174 per tonne, while turnover...Read More

CHINA HRC: Domestic prices flat despite Tangshan's steelmaking curbs

January 03, 2020 / www.metalbulletin.com

China's domestic hot-rolled coil prices were flat on Thursday January 2 although Tangshan announced short-term steelmaking restrictions to improve air quality. DomesticEastern China (Shanghai): 3,900-3,920 yuan ($560-563) per tonne, unchangedNorthern China (Tangshan): 3,640 yuan per tonne, unchangedA large number of steel mills in northern China's steel hub of Tangshan were instructed to implement...Read More

2020 PREVIEW: Shifts in cobalt hydroxide procurement preferences leave door open to Asia spot trading hub

January 03, 2020 / www.metalbulletin.com

Cobalt hydroxide consumers will continue to have exposure to the spot market this year, with some of their requirements likely to be topped up from producer stocks held in Asian warehouses, sources told Fastmarkets. The creation of a nearby spot market has appeal in cutting the long shipping times, as well as reducing the potential for logistical difficulties and price risk associated with shippin...Read More

China stainless steel prices dip amid pre-Lunar New Year destocking

January 03, 2020 / www.metalbulletin.com

Chinese stainless steel prices declined over the past week because of producer plans to reduce their inventories ahead of the January 24-30 Lunar New Year holiday. Sources told Fastmarkets that the slight decrease in nickel prices also contributed to the lower prices, with the three-month nickel contract on the London Metal Exchange ending 2019 at $14,075-14,100 per tonne on Tuesday Dece...Read More

CAPACITY WATCH: Vietnam's Tan Viet Quang begins construction on 240,000-tpy stainless steel plant

January 03, 2020 / www.metalbulletin.com

Tan Viet Quang Co Ltd began construction of a stainless steel plant in central Vietnam's Quang Tri province in late December. The company will invest 1.6 trillion Dong ($69 million) in the project, which will be able...Read More

NOUVEL AN: CE QUI SE PASSE A MINUIT DANS LE MONDE SPIRITUEL - MSG PROPHETIQUE - Allan Rich

January 03, 2020 / www.youtube.com

NOUVEL AN: CE QUI SE PASSEA 00.00 DANS LE MONDE SPIRITUEL - MSG PROPHETIQUE - Allan RichExplication aussi au sujet de l'ann?(C)e de Dieu selon la Bible.Voir les vid?(C)os sur le sujet sur la playlisthttps://www.youtube.com/playlist?list...Read More

This Major Canadian Gold Stock Is Set for a Big Rally in January 2020

January 03, 2020 / www.fool.ca

With the major rally in the price of gold and gold stocks ongoing since last summer — and picking up steam recently — there have been plenty of opportunities for investors to make big gains.The price of gold mining stocks tends to be highly volatile, especially when compared to the underlying price of gold, although that does mean the stocks fall faster than the price of gold. When gol...Read More

This Tiny Gold Stock Looks Like the Hottest Turnaround Story of 2020

January 03, 2020 / www.fool.ca

Gold stocks are well-known for their exponential gains. When conditions are right, these stocks can rise in value by 500% or more.What goes up must come down, however. That adage is especially true for resource companies. If you catch these stocks at the wrong time, your portfolio could be in trouble.Gold stocks aren’t for everyone, but if you want major gains, this is the place to shop. By...Read More

How earth-bound mining lawyers think about space mining

January 03, 2020 / www.mining.com

The asteroid mining marketis already valued at up to trillions of dollars, but a single drill from earth hasyet to make it to space. European scientists have announced plans to start mining the moon as early as 2025.Space mining is a concept still out of this world to most, but it is real for the mining industry. After being considered mostly science-fiction, governments are now implementing p...Read More

Rio donates A$1m to Australian Red Cross for bushfire relief and recovery

January 03, 2020 / www.mining.com

Firefighter in Melbourne, adobe stock. Rio Tinto has donated a further A$750,000 to the Red Cross' disaster relief and recovery efforts supporting people affected by Australia's bushfire crisis, bringing the company's total donation to A$1 million.The funds will be used to help Red Cross emergencyservice teams provide support to impacted communities including safe places to take shelter, psycholo...Read More

SSR Mining gains C$2.1 million from SilverCrest equity right exercise

January 03, 2020 / www.mining.com

Marigold mine. (Image courtesy of SSR Mining) SSR Mining (NASDAQ, TSX: SSRM) announced Friday it has elected to exercise its equity participation right pursuant to its agreement with SilverCrest Metals (TSX: SIL) to purchase - on a private placement basis - 1.82 million common shares of SilverCrest at a price of C$7.28 per share for total consideration of C$13.2 million.In conjunction with the p...Read More

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