China's hot-rolled coil prices rose on Thursday February 20 amid optimism attributed to the progress of work resumption in downstream markets in the wake of the novel coronavirus (2019-nCoV) outbreak.DomesticEastern China (Shanghai): 3,490-3,510 yuan ($499-502) per tonne, up 10-20 yuan per tonneNorthern China (Tangshan): 3,270-3,300 yuan per tonne, up 40-70 yuan per tonneWhile sellers in Shanghai...Read More
Domestic prices for hot-dipped galvanized coil (HDG) increased in Northern Europe over the past week, supported by strong demand, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?570-600 ($615-648) per tonne ex-works on February 19, compared with ?,?560-600 per tonne ex-works a week earlier. Starting from the year beginning the asse...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products.Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More
Dexin Steel Indonesia will fire up its first blast furnace on Friday February 21, an industry source told Fastmarkets.Owned by China's Delong Holdings, the mill in Central Sulawesi province's Indonesia Morowali Industrial Park, will have a total production capacity of 3.5 million tonnes per...Read More
Chinese port prices increased by as much as 15 yuan per tonne ($2.14 per tonne) for Pilbara Blend fines on Thursday February 20 amid a surge in the May iron ore contract on the Dalian Commodity Exchange (DCE).Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $92.01 per tonne, up $2.01 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $91.34 per tonne, up $2.01 per tonne.62% Fe low-...Read More
US-based metallurgical coal producer Warrior Met Coal has announced plans to develop a hard coking coal project in Alabama with a capacity of 3.9-million-tonnes per year, through an investment of around $550-600 million over the next five years.The company expects the development of the Blue Creek project to produce 4.3 million short tons per annum - 3.9 million tonnes - of premium high-vol A meta...Read More
Trading activity involving second-tier seaborne coking coal pushed up prices on Thursday February 20, though doubts lingered over recent strength of the market.Fastmarkets indicesPremium hard coking coal, fob DBCT: $158.29 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $167.13 per tonne, up $0.19 per tonneHard coking coal, fob DBCT: $141.63 per tonne, up $8.13 per tonneHard coking coa...Read More
The outbreak of the novel coronavirus (2019-nCoV), intra-year demand volatility and seaborne supply uncertainty are likely to contribute to iron ore price volatility in the coming year, Australia miner BHP said."If Covid-19 is effectively and demonstrably contained within the March quarter, we expect that an accelerated run-rate in the construction and manufacturing sectors for the remainder of th...Read More
China's domestic rebar prices were mixed on Thursday February 20, with a partial resumption of work by the construction sector providing support in the eastern region while the cold weather in the north kept demand in check.Eastern China (Shanghai): 3,400-3,430 yuan ($486-490) per tonne, up 30 yuan per tonneNorthern China (Beijing): 3,330-3,350 yuan per tonne, down 20-30 yuan per tonneSeveral key...Read More
China's stainless steel market saw some activity over the past week following several weeks of stagnation as a result of the novel coronavirus (2019-nCoV) outbreak in the country.The sparse trading led some sellers to cut their prices though some of their more optimistic peers raised them in anticipation of a gradual recovery of demand.Both the central Chinese government and local authorities have...Read More
Name King Ck Actor / Comedy /Youtuber /somali social media Pls Subscribe Like & ShareFadlan Haka ilaawin InaadDhahdo Share Like & CommentRead More
Canadians are in favour of the Old Age Security (OAS) except for one infamous feature – the 15% clawback. If you’re also hoping to limit the effect of the OAS clawback, you could try two ways to win versus the taxman.Split the pension Couples are beginning to see the advantage of splitting the pension to reduce the clawback amounts. If your spouse has a lower income, you can elect to t...Read More
Building your portfolio with stocks that will do well all the time, as well as holding their own in a recession will be the key to long-term success.While it could be appealing to buy only stocks that are recession proof without knowing when a recession may come, this could be a high-risk decision and lead you to leave a lot of potential gains on the table while you’re busy trying to protect...Read More
A P&H 4100 shovel loads coal into a haul truck at the North Antelope Rochelle mine in Campbell County, Wyoming. Credit: Wikipedia Wyoming andMontana filed a U.S. Supreme Court motion last month against the state ofWashington for blocking access to the last major coal export project on theWest Coast, impeding the states' ability to get their coal to Asian markets.When Wyoming Governor Mark Gordo...Read More
Brazilian flag at Pra??a dos Tr??s Poderes in Bras?-lia. (Wikimedia Commons) Even with Vale (NYSE: VALE) posting this week a loss of $1.68 billion in 2019, Brazil set a record on royalties received from mining companies. Brazil received $1.03 billion in mineral royalties in 2019, according to the Brazilian Mining Agency. The royalties paid by mining companies were 48.3% or $700 million, higher t...Read More
Nemaska Lithium CEO Guy Bourassa. Credit: Nemaska Lithium. Nemaska Lithium CEO Guy Bourassa has stepped down. He would leave the management team and vacate his seat on the board with immediate effect, the Quebec-based lithium developer announced Friday."Given the restructuring the corporation is undergoing and the current market conditions, we mutually agreed that it was in the best interest of t...Read More
Seven straight sessions of gains lifted the gold price to a fresh 7-year high on Friday after renewed fears about the coronavirus sent investors scurrying for safe haven assets, equity markets fell and long-term US interest rates fell to a record low. The gold price touched a new intra-day high of $1,652.10 on the Comex market in New York, up 2% or $32 an ounce from yesterday's settlement and the...Read More
Speaking during the company's December-quarter earnings call Thursday, Goncalves said 2020 would be a transformational year for the 173-year-old company.Goncalves is excited about the AK Steel acquisition, since it will add fully integrated capacity to the company's production portfolio. That company mainly serves the automotive market, providing materials required for electric vehicle produc...Read More
The work is across 11 projects in Australia and Africa.The largest is a A$200 million underground contract for Panoramic Resources' Savannah nickel mine in Western Australia. The three-year contract, which was previously flagged, will begin next month.The remainder of the work was won by Perenti's surface mining group.It includes a three-year contract with Idemitsu Australia at the Boggabri c...Read More