Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil decreased over the week ended Thursday August 29, with the market still slow because of falling prices, sources told Fastmarkets.The country's main export market, Europe, was still in its holiday season, so the export sector remained slow.Domestic pricesDemand in the country's local market was poor over the pricing week beca...Read More
Turkish prices for hot-rolled coil and cold-rolled coil (HRC, CRC) decreased over the week ended Thursday August 29, with demand remaining soft, sources have told Fastmarkets.Buyers wanted to wait to see when prices will reach a bottom before placing orders, while end-user demand was still subdued by the summer holiday season.HRC exportsTurkey's export market price for HRC decreased this week on l...Read More
Turkish long steel export prices have gone down over the past week due to sluggish demand and falling raw material costs, sources said on Thursday August 29.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), export, fob main port Turkey, was $435-440 per tonne on Thursday, down from last week's $440-450 per tonne fob on an actual weight basis.Turkish producers have reduced...Read More
The import price for steel billet in Egypt fell in the week ended Thursday August 29, with market activity limited because buyers want to wait until a court decides on the imposition of an import safeguard duty and prices hit bottom.Egypt's Administrative Court suspended temporary safeguarding duties on billet and rebar in July, prompting a flurry of legal activity, which eventually led to the sch...Read More
The steel H-beam price in the Southern European domestic market decreased this week to move into alignment with prices in the northern market. Fastmarkets' price assessment for steel beams, domestic, delivered Southern Europe was ?,?575-605 ($637-671) per tonne on Wednesday August 28, down by ?,?10-35 per tonne week on week. Participants commented that regional disparities within the European mark...Read More
Transaction prices for domestic hot-rolled coil in Europe are expected to move up in the next couple of weeks on a seasonal recovery of trading activity, market sources say.But any price increase will likely be short-lived due to weak demand among end users. Such a scenario would have a negative impact on distributors caught between mills looking to raise prices and end users resisting such effort...Read More
Physical iron ore prices retreat slightly on Thursday August 29 while market participants await confirmation of production restrictions in China. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $81.47 per tonne, down $0.98 per tonne. 62% Fe Pilbara Blend Fines, cfr Qingdao: $81.85 per tonne, down $0.98 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $80.20 per tonne, down $0.96 per tonne...Read More
Seaborne coking coal prices were largely steady on Thursday August 29 after the most-recent transactions sent fob Australia and cfr China prices for premium products in opposite directions.Fastmarkets indicesPremium hard coking coal, fob DBCT: $149 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $167.54 per tonne, unchanged Hard coking coal, fob DBCT: $134.01 per to...Read More
The iron ore market will be watching the rollout of China's policies and Chinese buyers' procurement strategies in the winter months to see what lies ahead for the steelmaking raw material, which has faced substantial price volatility this year. The winter heating season in China has become a crucial period for iron ore buyers and suppliers, with environmental protection a key aspect of China's 13...Read More
Export prices for Chinese stainless steel declined week on week despite the higher cost of nickel after suppliers lowered their asking prices in response to poor demand, market sources said.Concerns about Indonesia potentially bringing forward its ban on unprocessed nickel ore exports continued to provide support for nickel prices.The three-month nickel contract on the London Metal Exchange has av...Read More
Terramin leads gold-copper revival in South AustraliaSPONSOREDterramin australiaThickened tailings deposition for closureSPONSOREDsrk consultingDe-risking delivers value in GalenaSPONSOREDgalena miningPeel cracks Cobar codeSPONSOREDpeel miningGold prices are potentially influenced by so many disparate economic forces that getting one's head around them all is beyond the intellectual reach of most...Read More
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Canadian junior miners produced a steady stream of news this week as a string of deals helped fund and launch projects across the country and beyond. Sable Resources (TSX-V: SAE), the junior grassroots explorer focused on the discovery of new precious metal projects through systematic exploration in endowed terranes located in favourable, established mining jurisdictions, can look fo...Read More
"While we have a portfolio of undeveloped projects, at present, IRC is essentially a single product company and our financial performance is very dependent on the market iron ore price," said IRCRead More
The next generation of wireless technology will increase mobile connectivity speeds by blah, blah, blah...And it will completely revolutionize this and that...I'm sure you've already heard all the hype about 5G.And I'm sure you've been hearing about it for years now. A Google News search reveals 5G mobile technology being discussed as far back as 2012.The story is old. But now is the time to inves...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 362,60965,77154,297148,866482,672565,772602,740 Change from Prior Reporting Period 10,31513,4709,04715,45813,01434,82035,531 Traders 23459765659316170 Small Speculators LongShortOpen Interest 70,41133,443636,183 6,5565,84541,376 non report...Read More
An intriguing paradox is evident, whereby the USDollar continues to rise despite the global economic recession. In fact, it can be argued that the USDollar is rising in the past several months, because of the global recession. On a worldwide basis, the economy is struggling badly, especially in the West. Worse still, without a doubt, the rising USDollar is destroying the individual economies of...Read More