"The Board believes that the dividend increase is sustainable and is reflective of the ongoing robust performance of our operations and continued improvement in the Continue...Read More

Flat steel import prices in the United Arab Emirates and Saudi Arabia continued to increase over the past seven days, with demand better than last week, when market participants were just returning from the Eid al-Adha religious holiday, sources told Fastmarkets on Tuesday August 11.Some deals were heard for re-stocking purposes, and buyers said that more price increases were expected because of g...Read More

Following a consultation period, Fastmarkets will change the publication time of its Latin American steel price assessments to Friday, 2-3pm New York time, from 2-3pm London time, with effect from Friday August 14. The prices subject to the change are: MB-STE-0102 - Steel hot-rolled coil import, cfr main ports South America, $/tonne MB-STE-0133 - Steel hot-rolled coil (dry) export, fob m...Read More

Quinton Hennigh, CEO of NOVO Resources, sits down with Maurice Jackson of Proven and Probable to discuss how the company's latest acquisition puts it on the fast track to production. Maurice Jackson: Joining us for a conversation is the chairman and president of Novo Resources Corp. (NVO:TSX.V; NSRPF:OTCQX), Dr. Quinton Hennigh. What a delight to have you back on the program today as Novo Resourc...Read More

StrikePoint Gold's focus with this work is on high-grade targets. In a news release, StrikePoint Gold Inc. (SKP:TSX.V; STKXF:OTCMKTS) announced it commenced a minimum 2,000 meter diamond drill program at its Willoughby gold property in British Columbia's Golden Triangle. The work, to be carried out by Morecore Drilling, will test high grade targets as well as broad intervals of gold mineralizatio...Read More

Aben Resources is proceeding with pad building at its Forrest Kerr Project in northwestern British Columbia and expects its drill program to be fully operational within a week. Aben's Forrest Kerr Gold ProjectIn a news release, Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB) announced that "its 2020 field season is proceeding well and will be moving into the next phase which will include Pad buildin...Read More

Sector expert Michael Ballanger runs the numbers on current and future values of gold and silver given current economic conditions. Stuart Monk/Shutterstock.com"I'd rather be a gold bug then a paper worm." AnonymousIn late 2019, as I was laying out the framework for the 2020 GGMA Forecast Issue, there was only one four-letter word that kept cropping up and that word was D-E-B-T (actually there w...Read More

The prices paid for steel rebar and billet in the United Arab Emirates continued to increase this week, although buying was moderate, market sources said on Tuesday August 11.Domestic rebarThe country's rebar producers were still offering the product at 1,770-1,773 dirhams ($482-483) per tonne ex-works for August-production orders, Fastmarkets understandsLocal producers are due to announce new reb...Read More

China's domestic rebar prices rose on Tuesday August 11 to regain losses of a day earlier amid a strengthening of demand.Domestic Eastern China (Shanghai): 3,640-3,670 yuan ($523-527) per tonne, up by 30 yuan per tonneBuyers raised their procurement rates in the earlier part of the day amid rising futures. The increased demand pushed up spot rebar prices.But demand dropped in the late afternoon af...Read More

Ferrous scrap prices in the Mexican steelmaking regions of Monterrey and Baj?-o increased week on week because of continued improvement in demand.Many market participants reported average price increases of 200 pesos ($8.91) per tonne for most grades of scrap during the week ended Friday August 7, while other, less common price increases were reported in the range of 150-400 pesos ($6.68-17.82) pe...Read More

Domestic prices for ferrous scrap in Italy moved down slightly in the month to Tuesday August 11, with demand for the raw material reduced by scheduled maintenance outages during the month.Most Italian steel producers stopped production for summer maintenance work in August, but some have changed their schedules this year and planned shorter stoppages with demand recovering from the Covid-19-relat...Read More

Turkish steel producers have slowed down their deep-sea scrap purchasing, after the domestic long steel market was affected by the weakening of the country's lira, sources said on Tuesday August 11.Mills in Turkey booked a number of cargoes last week, with the most recent transactions for material from the US and Baltic Sea at $285 per tonne cfr for HMS 1&2 (80:20).But the mills then paused their...Read More

Prices for steel billet imported to Southeast Asia rose over the last seven days with mills in the region forced to keep pace with Chinese consumers, market participants told Fastmarkets on Tuesday August 11.Southeast Asia import billet prices had flatlined in the June-July period, but a resurgence of purchasing in China over the last month has inflated offer prices in the region,.At least one re-...Read More

The term ‘unprecedented’ has been used to explain 2020 throughout the world. Whether it be the simultaneous triple bubble that is currently being experienced within equity, bond, and real estate markets, or the volume of quantitative easing deployed by central banks in order to combat Covid-19, 2020 has been an unprecedented year thus far to say the least. Safety and stability of capit...Read More

Tonight I would like to go over some PM charts looking for a possible place for our current impulse move to find some strong resistance that could lead to the next consolidation phase. It’s not going to be easy as there are several possibilities that could work. Lets put the Chartology to work and see what we come up with.There was something fairly rare last week that happened to gold which...Read More

Canadians, at least thosefortunate enough to enjoy a long weekend, returned to their desks Tuesdayto watch gold prices crack another milestone - $2,000 per ounce - as thespectacular summer rally for the precious metal continues. At time of writing, spotgold’s last bid was $2,019.20, marking a $42 gain since Monday’s tradingsession. Silver prices also experienced a major leg u...Read More

Here are five Fastmarkets stories you might have missed on Monday August 10 that are worth another look.Production activity has come under threat at Belarus Steel Works (BMZ) with workers protesting against the result of the country's presidential election on Sunday August 9.Liberty House Group,...Read More

Steel market participants anticipate China's "dual circulation" policy will to boost steel demand for the remainder of 2020, with the more self-reliant economic model aiming to offset slowdowns caused by the Covid-19 pandemic and US-China political tensions. Chinese President Xi Jinping announced in late July that China will focus on a "dual circulation" development model, which ensures a more sel...Read More

Fastmarkets is proud to launch its first monthly Ferrous Analytics report, which will help subscribers keep track of hot metal costs and steel production spreads in China, as well as key pricing components of the steelmaking raw materials supply chain in Asia.Readers will find raw material-finished steel spreads, iron ore differentials and scrap differentials all calculated and condensed...Read More

Here are five Fastmarkets stories you might have missed on Tuesday August 11 that are worth another look.China is turning to mergers, acquisitions and mine shutdowns to maintain its drive toward energy reform and the use of fewer fossil fuel resources.Zinc premiums in Singapore and Malaysia...Read More