Turkish domestic long steel prices have continued to soften because of the strengthening of the country's lira against the US dollar over the past week, sources said on Thursday November 8.Fastmarkets' weekly price assessment for domestic rebar on Thursday was TRY3,200-3,350 ($596-624) per tonne ex-works including 18% VAT, down from last week's TRY3,300-3,450 per tonne.The domestic rebar price in...Read More

Editor's Note: Updating earlier story with more details from report.(Kitco News) - Gold remained modestly softer after Labor Department data Thursday showed that initial weekly U.S. jobless claims fell by 1,000 to a seasonally adjusted 214,000 in the week to Saturday.Consensus expectations compiled by various news organizations had called for initial claims to be around 210,000 to 213,000. Th...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom.Latest transaction: billetBilletCIS, export,...Read More

Asanko Gold Inc. (TSX, NYSE American: AKG) reports a third-quarter loss but also lists record output. The loss was $0.3 million, or zero cents per share, compared to net income of $4.2 million, or 2 cents, in the year-ago period. The reduction was mainly due to lower mine operating earnings on the Asanko Gold Mine joint venture and the start of equity accounting for Asanko’s interest in the...Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 9 points in pre-opening trade.Investors are awaiting interest rate news from the FOMC meeting at 2:00 PM EST. Consensus calls for no change in the Fed Fund rate including indications of a likely increase following the next meeting in December. Index futures were virtually unchanged following release of the Weekly Jobl...Read More

Major steel mills in China have concluded their ferro-silicon tenders for November, which show little change from October prices, sources in China said. Hebei Steel's latest tender price is 7,010 yuan ($1,013.04) per tonne for November, for 5,400 tonnes of ferro-silicon. The parcel size is about 700 tonnes more than for October.For October, the mill's tender price was at 7,000 yuan per tonne.Meanw...Read More

Another 65,000 tonnes of US-origin ferrous scrap were booked for export to Turkey in two fresh East Coast deals reported on Thursday November 8 - with one of the cargoes priced up to $4.50 per tonne higher compared with earlier bookings.One sale was heard concluded at $338 per tonne cfr for 12,000 tonnes of an 80:20 mix of No1 and...Read More

This midterm election season seems like it lasted forever. There was certainly no shortage of ads, media dissections of every sound bite they could get their hands on and more than enough negativity to go around.We all know the outcome. The Democrats took the House, while Republicans kept control of the Senate and even expanded their majority.That means even though the Democrats won the House, the...Read More

A lot of people seem to have already forgotten about last month's big market sell-off. But if you're still worried about October's market sell-off, you should know that the largest bank in the U.S., JPMorgan Chase, isn't.In fact, strategists at the mega-bank believe October's market correction was driven mostly by technical factors and should reverse as earnings season progresses. Earnings season...Read More

Brazil's Companhia Sider??rgica Nacional (CSN) is still trying to sell assets in order to reduce its high debt loading, chief financial officer Marcelo Ribeiro told analysts on Thursday November 8.The company's mining division could secure a streaming deal or pre-payment contracts, and the trend for rising prices for iron ore would support this decision, Ribeiro said. There will be news on that be...Read More

According to retail experts, November is now the new retail boom month as more people start to do their Christmas shopping online.The shift happened in 2016 when, for the first time ever, November retail sales outpaced December. The trend continued last year with November sales climbing 1.3%, while December was down 0.6%.Shopping events like Black Friday, Singles Day and Cyber Monday are big drive...Read More

Early gains on Wall Street fizzled and sent global stocks lower last week after reports that the U.S. is planning an additional $257 billion worth of tariffs on Chinese goods if upcoming talks between Presidents Donald Trump and Xi Jinping fail to end a trade war between two of the world's largest economies.Many stock indexes are already in official correction territory-meaning down 10% from recen...Read More

Are you considering hiring a financial advisor? The reasons for doing so can include:You no longer have time to manage your investmentsYour returns fall far short of what you had hopedYou want a knowledgeable person who will provide a detached unemotional perspectiveThere's no shortage of financial planners, insurance agents, and stock brokers who are more than happy to assume the role.Where do yo...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transaction: iron oreIron oreVale, Beijing Iron Ore Trading Center (Corex), 170,000...Read More

Seaborne iron ore prices and premiums advanced on Thursday November 8, on continuing concerns over Australian supplies and following a rebound in China's futures market.MB 62% Fe Iron Ore Index: $76.27 per tonne cfr Qingdao, up $1 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.30 per tonne cfr Qingdao, up $1 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $79.90 per tonne cfr Qingdao, up $1.52...Read More

Last December, Congress passed the largest U.S. tax system overhaul in more than 30 years - a $1.5 trillion tax cut, but America's middle class will see less than a quarter of the savings under the legislation.In 2018, middle-income households - those earning $20,000-$100,000 - will see a tax cut of about $930 on average.Just about half of American adults live in middle-class households, down from...Read More

The American people executed their civic responsibilities yesterday... and the latest "most important elections ever" have been decided.The long-anticipated "blue wave" broke upon a red reef... and lost its oomph.Instead a "purple wash" came lapping ashore last evening.Democrats seized command of the House. Requiring 23 seats, they collared at least 26... and may extend their lead once all votes a...Read More

Trading activity in the seaborne coking coal market remained scarce on Thursday November 8, leaving participants with a murky outlook in the absence of transactional cues.A bid was made for a cargo of premium hard coking coal at around $212 per tonne fob Australia during the day, but no firm offers were heard.The last transaction involving a cargo in the same bracket was concluded at $216.50 per t...Read More

Base metals on the London Metal Exchange were mostly lower during morning trading on Thursday November 8, with a stronger US dollar and resurfacing US-China trade tensions adding downward pressure to the complex. Three-month nickel was the biggest downward mover over the morning session, falling 1.1% and reaching intraday low of $11,585 per tonne, despite a strong push towards $12,000 per ton...Read More

CALGARY, Alberta, Nov.08, 2018(GLOBE NEWSWIRE) -- Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU - OTC: CPFXF) is pleased to provide its shareholders an update on the progress of the 2018 program for the Schaft Creek copper-gold-molybdenum project located in northwestern British Columbia. The Schaft Creek project is managed through the Schaft Creek Joint Venture ("SCJV")....Read More