The latest bids, offers and deals in the global markets for steel billet, slab and bloom.Latest transaction: billetBilletCIS, export,...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
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
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
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
Cobalt demand from the consumer electronics industry will continue to grow, with no shift away from lithium-cobalt-oxide (LCO) batteries on the cards, according to battery manufacturer ATL's procurement director, Xu Shihui. "The price of cobalt has been fluctuating and there have been questions about whether cobalt can be substituted by nickel, but for consumer electronics the direction is LCO bat...Read More
First Cobalt Corp has started testing cobalt hydroxide material as feedstock for its refinery in Ontario, Canada, with the goal of producing cobalt sulfate or metallic cobalt products for sale into the North American market. The company has retained inspection and certification firm SGS Canada to test the suitability of different cobalt feed material using the refinery's current flowsheet and is a...Read More
Asian stainless steel participants are increasingly looking to Taiwan and Indonesia as the region's new price-setters, while Chinese exporters struggle to catch up in the heated price war, participants told Fastmarkets MB.Competition among suppliers in the region has intensified in recent months amid lackluster demand, growing pessimism and the increased availability of cheap substrate triggered b...Read More
China's ferrous futures fell during morning trading on Thursday November 8 after prices in most of physical markets weakened a day earlier.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,913 yuan ($565) per tonne, down 38 yuan per tonne January hot-rolled coil: 3,657 yuan per tonne, down 41 yuan per tonne Dalian Commodity Exchange January iron ore: 512 yuan per...Read More
China's domestic stainless steel prices were flat over the past week amid inactive trading.Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 15,400-15,700 yuan ($2,224-2,267) per tonne including VAT for the week ended Wednesday November 7, unchanged from a week earlier.Customers kept procurement rates low due to the soft demand for...Read More
Import prices for stainless steel in East Asia continued to fall during the past week, with exporters reducing their offers further amid shrinking regional demand and the soft nickel segment.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil was $2,030-2,100 per tonne cif East Asia for the week ended Wednesday November 7, down $10 per tonne from a week ear...Read More
Global recycling industry association the Bureau of International Recycling (BIR) has appointed Gregory Schnitzer as the new president of its Ferrous Division.Schnitzer is currently vice president of ferrous sales at Schnitzer Steel Industries (SSI), based in Oregon, United States. SSI is a long-standing BIR...Read More
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Stocks trading under $5 per share offer several unique, but very important qualities for investors.One is that they make it easier for investors with smaller investment accounts - be it in their TFSA or RRSP - to build up a sizable position in their portfolios without having to fork out an arm and a leg for the company's shares.Another is that many institutional investors are governed by investmen...Read More
Investors and company leaders are gearing up for the Technology and Low Emission Minerals Conference (TLEM) to be held in Perth next week, with the conference boasting an impressive line-up of emerging and established Australian battery metal companies.TLEM features companies producing from or developing projects focused on lithium, graphite, vanadium, cobalt, manganese, magnesium, rare earths and...Read More
Bob Moriarty ArchivesNov 9, 2018On Friday November 2, 2018 Benchmark shares closed over $.28 for ten days in a row. As a result about 2,098,315 million warrants will have a forced acceleration or expire in a month. The exercise price is $.225 so we will have an interesting situation where those who need to sell shares in order to exercise will hold down the price artificially.It’s a hell of...Read More