WASHINGTON (Reuters) - U.S. President Donald Trump said he expects a second tax overhaul to be unveiled in October or a bit earlier, and he is considering cutting the corporate tax rate to 20 percent from 21 percent.In an excerpt of a Fox Business Network interview to be broadcast on Sunday, Trump said: “We’re doing a phase two. We’ll be doing it probably in October, maybe a litt...Read More

Turkish steel mills skipped Friday June 29, with no deep-sea scrap bookings leaving prices unchanged at the end of the week.Most mills have finished their bookings for July deliveries and are expected to resume scrap buying for August soon, sources said."Turkish mills ended their July bookings and probably...Read More

Russia will restrict scrap exports from its Far East region by banning shipments from main ports from late July to January 2019, according to an order from the government.From July 21, scrap exports will only be allowed through nine small ports in its Far East region. Shipments from Vladivostok, Nakhodka and Vanino, key ports for bulk cargo shipments from the region, will be forbidden. The order w...Read More

Join us tomorrow (Saturday) on Radio CKNW at 9:00 AM EDT Vancouver time (Noon Toronto Time) at https://globalnews.ca/radio/cknw/player/?gref=cknw&cmpid=subnav-radio#/ StockTwits Released Yesterday @EquityClockTech action by S&P stocks to 10:00: Bearish. Breakouts: $MKC $ACN. Breakdowns: $WBA $CAH $CI $MCK $VAR $FDX $KSU $TEL $TSS $EMN $URI $A $BLKMore S&P 500 stocks break intermed...Read More

The seaborne iron ore market remained rangebound on Friday June 29, with demand still concentrated on high-grade fines and lump. Metal Bulletin 62% Fe Iron Ore Index: $65.02 per tonne cfr Qingdao, up $0.58 per tonne Metal Bulletin 62% Fe Pilbara Blend fines: $63.95 per tonne cfr Qingdao, up $0.55 per tonneMetal Bulletin 58% Fe Premium Index: $51.50 per tonne cfr Qingdao, down $0.52 per tonne...Read More

The persistent widening backwardation on the July/August spread has pushed aluminium premiums in Rotterdam to their lowest this year, with bearish sentiment sweeping the market.The benchmark Rotterdam duty-unpaid P1020 aluminium in-warehouse premium has fallen to $85-95 per tonne on Friday June 29 from $90-100 per tonne assessed on June 19, which held for 10 assessments. This is over 40% lower tha...Read More

The seaborne coking coal market remained quiet on Friday June 29 on subdued demand and sustained bearish sentiment. "Despite the lack of trades, premium materials should still be assessed at around $195-200 per tonne fob Australia. It would be challenging to get a premium cargo below this range," an Indian trader said. "There are too many uncertainties at the moment. The looming China-US trade war...Read More

Deliverable aluminium stocks at Shanghai Futures Exchange-approved warehouses have fallen for the seventh week in a row with stocks now at a three-month low. Deliverable aluminium stocks at Shanghai Futures Exchange-approved warehouses have fallen for the seventh week in a row with stocks now at a three-month low. Aluminium stocks on Friday June 29 were at 936,194 tonnes compared with 941,637 tonn...Read More

Listen to this podcast on our site airing Saturday by clicking hereWhen we last spoke to John Kosar at Asbury Research earlier this year, he told Financial Sense Newshour listeners to watch for a spike in oil this summer (see Oil May See a Huge Spike This Summer, Says John Kosar).So far, that's exactly what's happened and Kosar warned a further spike is possible if commercial hedgers are...Read More

China's domestic hot-rolled coil prices edged higher on Friday June 29 despite thin trading, while export prices fell as overseas buyers bet HRC prices in China will soften in the coming days, sources told Metal Bulletin.DomesticEastern China (Shanghai): 4,260-4,270 yuan ($643-645) per tonne, narrowing up 10 yuan per tonneNorthern China (Tianjin): 4,170-4,180 yuan per tonne, up 10 yuan per tonneDo...Read More

Tin prices on the London Metal Exchange continued to struggle during morning trading on Friday June 29, hindered by weak demand and a large delivery pushing total stocks up by more than 10%. Total LME tin inventories are now above 3,000 tonnes for the first time since April 2017, while its three-month price continues to trade below $20,000 per tonne, shedding more than 5% over June. "Tin has...Read More

The arbitrage for copper, aluminium, zinc and nickel imported into China on Friday June 29*Copper -$119.37 (-791.92 yuan) Aluminium -$523.46 (-3,472.70 yuan) Zinc -$8.74 (-58.01 yuan) Nickel -$354.40 (-2,351.15 yuan) *Metal Bulletin calculates the physical arbitrage for import into...Read More

China's domestic rebar prices were largely flat on Friday June 29 amid weak demand, despite futures moving higher. Domestic Eastern China (Shanghai): 3,990-4,030 yuan ($602-609) per tonne, up 10 yuan per tonne Northern China (Beijing): 3,870-3,910 yuan per tonne, unchanged Rebar futures rose further on Friday and billet prices also picked up on good demand. Prices in the spot market, however, were...Read More

Private Blog General Overview for Monthly Closing for June 2018Read More

An overview of the minor metals markets and the reasons for any price moves.Read More

The following Metal Bulletin minor metals prices changed on Friday June 29:Minor metals Antimony MB free market regulus, $/tonne: $7,900-8,150 per tonne from $8,000-8,250 Bismuth MB free market, $/lb: $4.30-4.80 per lb from $4.50-5.00 Bismuth MB China domestic, yuan/tonne: 59,000-60,000 yuan per tonne from 60,000-61,000 yuan Chromium MB free market alumino-thermic, $/tonne: $12,700-13,250 per tonn...Read More

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESJune 29, 2018, Calgary, AB - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) is pleased to announce that it has engaged Integral Wealth Securities Limited (the "Agent") as the lead agent in connection with a private placement of up to 26,667,000 units...Read More

China's domestic stainless steel prices were unchanged over the past week amid weak but stable demand. Metal Bulletin's assessment of prices for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 15,200-15,600 yuan ($2,295-2,356) per tonne including VAT for the week ended Thursday June 28, flat from a week earlier. Demand remained weak over the past week, with end-users...Read More

The following Metal Bulletin non-ferrous European free market scrap prices changed on Friday June 29Aluminium scrap Mixed turnings 6%: ?,?1,065-1,100 per tonne...Read More

The UK light iron scrap market was stable in the week to Friday June 29 for the 12th week in a row, confounding expectations for a rise in line with renewed demand in major export market Turkey in general this month, sources said. Metal Bulletin's weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?90-120 ($118-157) per tonne on Friday. This compares with the low...Read More