CIS STEEL BILLET: Market firms as more customers accept higher prices

The CIS export steel billet market had become firmer by the end of the current week with more customers accepting higher prices, spurred by rising raw materials costs globally and continuing positive sentiment in China.

A large cargo of Ukrainian billet was reported sold to China at $415 per tonne cfr, equivalent to $370-375 per tonne fob Black Sea.
Deals from the Black Sea basin were rare in China in the week ended Friday July 17, despite rising bids from the destination and ample demand, because of increased freight costs.

Market participants reported freight costs from the Black Sea...

Another 'Bubble Check' for the gold sector

Gold stocks continue to hit new highs

Some mining stocks exposed to Burkina Faso take major hit

Gold stocks again hit new highs

Gold stocks reach new highs on metal price gain