"What the government has done here is completely backward," writes Frommer. "The government cannot search every apartment in a building because the landlord is involved in a crime. After all, when somebody rents an apartment, that apartment is theirs."Continue...Read More

Prices for steel scrap imported into China increased further on Tuesday May 11 after the highest bid price at the bellwether Japan Kanto Tetsugen increased by ?5,899 yen ($54.21) per tonne month on month.The Kanto Tetsugen, which is a cooperative of scrap dealers in the Tokyo region, closed its monthly H2 grade scrap export auction on Tuesday with the highest bid price at ?49,279 ($453) per tonn...Read More

Here are five Fastmarkets stories you might have missed on Tuesday May 11 that are worth another look....Read More

The rates of growth and inflation are now surging in the U.S., but that shouldn't be a surprise to anyone. What else would you expect when the FederalContinue...Read More

Prices for steel billet exports from the Commonwealth of Independent States have jumped to a 10-year high following rises in the Chinese billet and rebar markets over the week to Tuesday May 11.China's domestic rebar prices surged on May 10 and set the new high after the October futures contract on the Shanghai Futures Exchange hit the daily limit within 10 minutes of the start of trading.The pric...Read More

Newrange Gold's recent and next steps at its North Birch project are outlined in a Noble Capital Markets report. In an April 27 research note, Noble Capital Markets analyst Mark Reichman provided an update on Newrange Gold Corp.'s (NRG:TSX.V; NRGOF:OTCQB) exploration work at its North Birch project in Ontario. "With the completion of the [induced polarization] (IP) survey and proceeds realized fr...Read More

Prices for steel slab from the Commonwealth of Independent States continued to climb in the first half of May on favorable conditions for finished flat steel sales both domestically and in customers' markets.Fastmarkets' weekly price assessment for steel hot-rolled coil, export, fob Black Sea, CIS, was $1,020-1,055 per tonne on Tuesday May 11, up from $1,000-1,020 per tonne a week before.The corre...Read More

Here are five Fastmarkets stories you might have missed on Tuesday May 11 that are worth another look....Read More

The European manganese alloys markets extended their rally over the week ended Friday May 7, marking a general run higher in prices since March, trade sources told Fastmarkets.This came against domestic production cuts, strengthening demand from steelmakers and more expensive replacement costs for alloys from overseas, which combined to elicit short-covering.Industry sources reported an increase i...Read More

The GDX and HUI Index are enjoying ablissful moment. With HUI behaving civilly, will the GDX cling to theunrealistic and try to leap to cloud “ten”?With the GDX ETF punching a hole throughits glass ceiling, the seniorminers are now witnessing an environment that’s beyond their wildestdreams: sunshine, clear skies and a utopia that’s eluded them since thebeginning of the New...Read More

Here are five Fastmarkets stories you might have missed on Tuesday May 11 that are worth another look....Read More

The Egyptian government announced details of its trial period for the reintroduction of construction permits in an official statement published on Sunday May 9, sources have told Fastmarkets.According to the statement, construction permits will be issued in 27 cities for a period of two months, and will then be available in all cities across Egypt from July 1, 2021.Egypt has had a ban on construct...Read More

A summary of German industrial group Thyssenkrupp's results for the second quarter of its current business year 2020-21, covering the period from January 1 to March 31, 2021.In brief Thyssenkrupp's second-quarter results continue to improve after a successful first quarter, with all segments contributing to better earnings. Thyssenkrupp's Steel Europe segment reported significantly improved sales,...Read More

The United Arab Emirates' state-owned General Holding Corporation (Senaat) has offered Arkan Building Materials the opportunity to combine Senaat's subsidiary Emirates Steel with Arkan, Arkan Building Materials said on Sunday May 9.Emirates Steel - based in Abu Dhabi, UAE - is the country's only integrated steel producer and is wholly owned by Senaat, with Arkan's 51% of shares belonging to Senaat...Read More

Here are five Fastmarkets stories you might have missed on Tuesday May 11 that are worth another look....Read More

Rebar and wire rod export prices from the Commonwealth of Independent States increased significantly over the past week, supported by favorable market conditions due to strong domestic demand in Russia, higher prices from competitors - particularly Turkey - and increased global scrap costs.RebarUkraine-origin rebar was available to foreign customers at $690 per tonne fob Black Sea at the end of la...Read More

Mexican ferrous scrap prices were largely stable in the week ended Friday May 7, with some sellers heard applying price increases due to strong demand and limited availability of certain grades.Shredded scrap in both Monterrey and Bajio and plate and structural scrap in Bajio were the only prices to increase in Fastmarkets' weekly assessment. While there were reports of price i...Read More

Aluminium premiums across the globe were mostly unchanged in the week ending Tuesday May 11 on tight availability.Rotterdam duty-paid premium dips on LME spread volatilityUS Midwest remains at record highMJP premium static.Duty-unpaid premium well supportedFastmarkets' benchmark duty-unpaid Rotterdam aluminium premium remained at its highest since April 2018 in the week to Tuesday May 11.The daily...Read More

Here are five Fastmarkets stories you might have missed on Monday May 10 that are worth another look.European buyers have purchased substantial volumes of cold-rolled coil from China for the first time in about five years, despite the product being subject to anti-dumping tariffs, sources told Fastmarkets on May 10.Consuming...Read More

The three-month price of zinc rebounded above the $3,000 per tonne mark on the London Metal Exchange and nickel had the largest percentage gain on Tuesday May 11, while most other base metals metals also finished higher due to some dip-buying after prices fell on Monday.Zinc's benchmark futures contract was up by 0.6% to $3,009 per tonne on Tuesday, following a 0.7% decrease of Monday to $2,991.50...Read More