The coins have new reverse designs, anti-counterfeiting devices and obverse designs that are updated from their original 1986 versions.Continue...Read More
Higher offers heard in the Black Sea market pushed CIS export billet price slightly upwards early in the week to July 12, while demand remained cautious, sources told Fastmarkets.Fastmarkets' calculation of its daily steel billet index, export, fob Black Sea, CIS was $645 per tonne on July 12, up by $4 per tonne day on day.A CIS-based trading source said that offers from Ukraine were $650-655 per...Read More
Sector expert Michael Ballanger discusses the history or the Gold Anti-Trust Action Committee and its importance to investment in the precious metals. No doubt most of you know all about the Gold Anti-Trust Action Committee, otherwise known as GATA, founded in the late 1990s by my two dear friends Bill Murphy and Chris Powell. I freely contribute to Bill's website (lemetropolecafe.com), arguably...Read More
The Critical Investor profiles Maxtech Ventures and explains why there is realistic potential for a strong re-rating. 1. IntroductionWith gold stabilizing and further inflation expected with a world economy continuing to recover from COVID-19, it seems Maxtech Ventures Inc. (MVT:CSE; MTEHF:OTC; M1N:FSE), a junior exploration company operating in Ontario and Quebec, is in the right place at the ri...Read More
Kalo Gold Holdings Corp. reported its common shares have met the eligibility requirements established by the Depository Trust Company for electronic clearing and settlement in the U.S. In a news release, Canadian gold exploration company Kalo Gold Holdings Corp. (KALO:TSX.V; KLGDF:OTC) announced that "its common shares traded in the United States under the symbol KLGDF are now eligible for elect...Read More
A group of Brazilian construction and real estate companies received a 20,000-tonne shipment of rebar from Turkey last week, national construction industry chamber CBIC said.The chamber has gathered 137 companies in Brazil that were interested in importing rebar, and the material was booked in late February, CBIC said on Friday July 9.A second 20,000-tonne shipment booked by the same group wi...Read More
China's central bank is freeing up 1 trillion yuan ($154 billion) via a reduction of banks' reserve requirement ratio (RRR) - the amount of cash that these institutions must have in their reserves - to support the Chinese economy.But not all sectors will reap the benefits of the measure, market sources told Fastmarkets.The People's Bank of China said last Friday July 9 that the RRR for commercial...Read More
Magnitogorsk Iron & Steel Works' (MMK) Metalurji subsidiary in Turkey has started trial production of hot-rolled coil, the Russian company announced on Monday July 12.Located in the Iskenderun region, the mill halted operations at its meltshop and compact strip mill in late 2012. "The current situation allows us to resume operations at the electric-arc furnace facility, which is a very important...Read More
China's central bank is freeing up 1 trillion yuan ($154 billion) via a reduction of banks' reserve requirement ratio (RRR) - the amount of cash that these institutions must have in their reserves - to support the Chinese economy.But not all sectors will reap the benefits of the measure, market sources told Fastmarkets.The People's Bank of China said last Friday July 9 that the RRR for commercial...Read More
The introduction of a Russian export duty on steel products carries serious risks for the country's steel industry, Russia's steel association Russkaya Stal warned last week.The duties, which cover 340 metal products, will apply from August 1 through to December 31 and have a base rate of 15%, with a specific minimum rate for each product.The measures will inevitably cut the profitability of steel...Read More
Here are five Fastmarkets stories you might have missed on Monday July 12 that are worth another look.A group of Brazilian construction and real estate companies received a 20,000-tonne shipment of rebar from Turkey last week, national construction industry chamber CBIC said.The waiting time...Read More
Magnitogorsk Iron & Steel Works' (MMK) Metalurji subsidiary in Turkey has started trial production of hot-rolled coil, the Russian company announced on Monday July 12.Located in the Iskenderun region, the mill halted operations at its meltshop and compact strip mill in late 2012. "The current situation allows us to resume operations at the electric-arc furnace facility, which is a very important...Read More
Brazilian domestic steel rebar prices were steady in July amid a stabilization in foreign markets and an increase in internal supply.Fastmarkets assessed the price for steel reinforcing bar (rebar), domestic, monthly, delivered Brazil, at 5,560-5,690 Reais ($1,057-1,081) per tonne on Friday July 9, unchanged since May 14, when it had come down from an all-time high of 5,630-5,700 Reais per tonne s...Read More
Tin's three-month price on the London Metal Exchange reached a new year-to-date peak of $32,250 per tonne on Monday July 12, with the soldering metal being the star performer while the rest of the base-metals complex fell from their Friday prices.Tin's futures contract was $32,094 per tonne at the close of trading on Monday, a 1.3% rise from its price at the same time on Friday of $31,680 per tonn...Read More
China's central bank is freeing up 1 trillion yuan ($154 billion) via a reduction of banks' reserve requirement ratio (RRR) - the amount of cash that these institutions must have in their reserves - to support the Chinese economy.But not all sectors will reap the benefits of the measure, market sources told Fastmarkets.The People's Bank of China said last Friday July 9 that the RRR for commercial...Read More
Tin's three-month price on the London Metal Exchange reached a new year-to-date peak of $32,250 per tonne on Monday July 12, with the soldering metal being the star performer while the rest of the base-metals complex fell from their Friday prices.Tin's futures contract was $32,094 per tonne at the close of trading on Monday, a 1.3% rise from its price at the same time on Friday of $31,680 per tonn...Read More
The waiting time to deliver out aluminium at Istim's London Metal Exchange-registered warehouses in Port Klang, Malaysia, was 168 days at the end of June, according to the LME's latest queue report.The queue has been declining very slowly over the past few months, down from 176 days at the end of May and 199 days at the end of April. The queue has been in place since a series of large cancell...Read More
Seaborne coking coal prices stayed largely stable in the cfr market on Monday July 12 and climbed up in the fob market because some buyers started to procure on a demand basis, sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $210.53 per tonne, up $3.66 per tonnePremium hard coking coal, cfr Jingtang: $308.80 per tonne, up $0.84 per tonneHard coking coal, fob DBCT: $...Read More
The latest forecasts from Fastmarkets' team of analysts is ready to view.As we approach the end of the first half of 2021, steel markets in Europe and the United States continue to heat up. This six-month period is largely unprecedented, with both steel prices and steelmakers' margins hitting a number of new record highs throughout.The rally is likely nearing its end, however, with global steel ou...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:?EUR? US sheet prices hit record highs again in May, with upward momentum persisting into June. Actual US hot-rolled coil prices averaged $1,553 per ton in May, largely in line with our forecast of $1,540 per ton. Prices remain supported by strong underlying sup...Read More