Prices for steel H-beams in Europe were unchanged again this week, as risingfeedstock costs offset lackluster demand, sources told Fastmarkets on Wednesday October 30Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was unchanged at ?,?540-570 ($599-633) per tonne on October 30."It is the end year business period, nobody will buy material if it's not really...Read More
Prices of mid-grade Brazilian fines were up on Wednesday October 30, with a Brazilian Blend fines (BRBF) cargo fetching $85.60 per tonne, although market participants saw little scope for any major correction in mid-grade iron ore prices.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $87.13 per tonne, up $0.49 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $86.95 per tonne, up $0....Read More
The GFG Alliance will consolidate all of its steel businesses into one global group named Liberty Steel Group by the end of this year and align them with a strategy for carbon-neutral operations by 2030.It claimed this will give the new group 18 million tonnes of rolled steel capacity annually, making it the eighth largest steel producer outside China, with annual sales of approximately $15 billio...Read More
Market participants flagged a bearish outlook on seaborne coking coal prices in the coming weeks, citing the dwindling attractiveness of imported cargoes for Chinese buyers.Fastmarkets indicesPremium hard coking coal, fob DBCT: $143.81 per tonne, down $2.59 per tonnePremium hard coking coal, cfr Jingtang: $161.53 per tonne, unchangedHard coking coal, fob DBCT: $129.36 per tonne, unc...Read More
China's domestic rebar prices rose on Wednesday October 30 after news broke about the country's steelmaking hub of Tangshan planning to implement short-term curbs from Thursday.Eastern China (Shanghai): 3,650-3,680 yuan ($516-520) per tonne, up 40 yuan per tonneNorthern China (Beijing): 3,600-3,630 yuan per tonne, up 10-20 yuan per tonneLocal authorities in the northern Chinese city have ordered s...Read More
China's hot-rolled coil prices remained stable for a third day on Wednesday October 30 with mills receiving a steady stream of orders, though stockists drew down their inventories on a bearish outlook for the market.DomesticEastern China (Shanghai): 3,500-3,520 yuan ($495-498) per tonne, unchangedNorthern China (Tangshan): 3,500 yuan per tonne, unchangedSteady downstream demand kept prices flat du...Read More
South Africa's manganese ore exports hit record levels of over 1.8 million tonnes in September and October 2019, shipping data shows. The country exported over 1.86 million tonnes of manganese ore in September and just over 1.80 million tonnes in October, taking the year-to-date total to just over 15.60 million tonnes. The September and October figures beat previous monthly records hit in March an...Read More
China's imports of cobalt intermediates, including cobalt hydroxide, surged by 24.5% in July-September versus the prior quarter amid extensive procurement from Chinese consumers, who looked to take advantage of falling cobalt raw material prices during the period.China imported 85,571 tonnes of cobalt intermediates in the third quarter of this year, up from the 68,717 tonnes shipped in April-June...Read More
Name King Ck Actor / Comedy /Youtuber /somali social media Pls Subscribe Like & ShareFadlan Haka ilaawin InaadDhahdo Share Like & CommentRead More
Bob Moriarty ArchivesOct 31, 2019I just hate it when I have to admit that I was dead wrong about something as important as calling for a major crash in October. Perhaps a little whining would make it go down easier.Something very bad comes this way. Right out of the blue the Fed began todump bundles of crisp $100 bills onto a financial firein the middle of September when the overnight rate shot to...Read More
Key global market indices closed higher but futures were mixed today.Gold major Newmont Goldcorp (NYSE: NEM) closed up 0.5% in New York.The gold price has edged back up towards US$1,500 an ounce and was worth $1,498/oz on the spot market earlier.In terms of other commodities, nickel closed 0.3% lower on the London Metal Exchange as uncertainty lingers over the situation in Indonesia.Reuters has re...Read More
Stay Autonomous tweeted the community march to Rio Tinto was in solidarity with people in Latin America impacted by environmentally destructive practices.Another protest group said it was marching down Collins Street, the centre of mining corporations today and historically, and headed to BHP and OceanaGold "to let them know what we think of their corporate violence here and around the world".Bloc...Read More
I got the bad news on Wednesday morning...John Witherspoon, one of the funniest men on the planet, went gently into that good night.The 77-year-old comedian, who started his comedy career in the 1960s, is probably best known for his role as Willie Brown in the movie Friday: an unapologetic, working-class father who had no social filter and a heart of gold.He provided valuable life lessons for his...Read More
CBD is perhaps the single fastest-growing market right now.Get this: According to a new report by Market Research Future, the global CBD market is projected to grow at a whopping 125% CAGR over the next five years to reach $2.2 trillion.125%!!!That far surpasses all other CAGR estimates for every other major developing market.Artificial intelligence, virtual reality, cybersecurity, biotechnology,...Read More
By: Ira EpsteinGold bears in a trap? They are under the pressure on the outside day out. The battle ground in gold is seen..Read More
"We deny the claims of the lawsuit and are prepared to defend our case in court." Continue...Read More
I just hate it when I have to admit that I was dead wrong about something as important as calling for a major crash in October. Perhaps a little whining would make it go down easier.Continue...Read More
"We should have lower interest rates than Germany, Japan and all others. We are now, by far, the biggest and strongest Country, but the Fed puts us at a competitive disadvantage. China is not our problem, the Federal Reserve is! We will win anyway."Continue...Read More
The recent vaping scare has been caused by illegal black market THC cartridges. I has nothing to do with nicotine vapors. There's no high school vaping epidemic. While huge numbers of kids are experimenting, very few are becoming smokers. Less than 3 percent of all vapers are children and less 1 percent of the total papers are children. The banning of the flavors will do nothing to reduce nicotine...Read More
Central banks will use the narrative of climate change to expand balance sheets at record paces.Continue...Read More