Strengthening export demand from Europe to key destinations such as Turkey and the Indian subcontinent has pulled up prices for light iron, grade-5C steel scrap in the United Kingdom this week, sources told Metal Bulletin on Friday March 2.The UK light iron scrap market has now moved up for three weeks in a row. Metal Bulletin's price assessment for UK grade-5C ferrous scrap on an inter-merchant b...Read More
As a general rule, the most successful man in life is the man who has the best informationWhile there is disagreement over its causes - man-made versus natural - the reality of climate change is an incontrovertible fact. The planet is warming, affecting our weather, our oceans, our growing seasons, even our food, as crops fail, causing shortages and price hikes. Storms are becoming more frequent...Read More
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March 2 (Reuters) - The Chicago Board Options Exchange published the top ten active equity options on Friday. The following are the most active calls and puts as of 04:30 p.m. EDT (2130 GMT):CBOE TOP TEN MOST ACTIVE CALLS - Equity OptionsRanking SymbolExpiry Date Strike PriceSeries Volume Last Sale Price Net Change------------------------------------------------------------------------------------...Read More
The possible introduction of steel import restrictions in the United States under Section 232 became the dominant topic of conversation in the global market in the second half of February.Section 232 allows the US president to impose trade sanctions on imports if he believes that they pose a threat to national security.One product that is central to the operations of several US mills is semi-finis...Read More
* BOJ may consider exit strategy if inflation goal isreached* Bond yields pressured by expected huge corporate bondsupply* Safe-haven bond holdings pared in wake of Trump's tariffplan* Traders eye weekend elections in Germany, Italy (Updates market action, adds quote)By Richard LeongNEW YORK, March 2 (Reuters) - U.S. Treasury yields rose onFriday, with the 10-year yield bouncing back from a three-...Read More
The European Steel Association, Eurofer, has welcomed the European Commission's pledge of "appropriate and swift measures" after the United States finally announced Section 232 trade tariffs.US president Donald Trump announced the imposition of import duties of 25% on steel and 10% aluminium on March 1. "We welcome the [EC] announcement [that] appropriate and swift measures will be taken...Read More
** Concerns that recent biotech deals will weigh on cos suchas Catalent Inc , Medidata Solutions Inc ,Charles River Laboratories and IQVIA Holdings that provide tech, research services to drugmakers areexaggerated - George Hill, market analyst at RBC Capital** Changes to U.S. tax law have spawned big deals amongbiotechs as large drugmakers snap up promising assets fromsmaller rivals to help revive...Read More
China's domestic rebar prices dropped slightly on Friday March 2 with trading activity falling ahead of the weekend.Domestic Eastern China (Shanghai): 4,060-4,100 yuan ($639-646) per tonne, down 20 yuan per tonne Northern China (Beijing): 4,100-4,130 yuan per tonne, down 20-30 yuan per tonne A weakening of demand pushed down rebar prices during the day. Market participants expect trading activity...Read More
By Sin?(C)ad Carew and April JoynerMarch 2 (Reuters) - Shares in big U.S. steel companies andmanufacturers were under pressure on Friday on uncertainty overthe effects of U.S. President Donald Trump's announcement of aplan to impose tariffs on steel and aluminum.Steel stocks were volatile and some erased part of theprevious day's gains, as investors worried threats ofretaliation from overseas trad...Read More
The base price assessments for flat and long stainless steel products in Europe were unchanged this week on reduced market activity, sources told Metal Bulletin on Friday March 2.Metal Bulletin's weekly base price assessment on Friday for 2mm, grade-304 CR stainless steel sheet was ?,?1,060-1,110 ($1,294-1,355) per tonne delivered in Northern Europe on March 2, steady over the week."Market activit...Read More
- Global stocks slump as Trump risks trade wars- Gold prices little changed despite dollar weakness after tariff news- Trump announced plans to impose heavy tariffs on imported metals- China likely to retaliate with heavy tariffs on U.S. agricultural exports- Geo-political tensions with EU and of course China and Russia to escalate- Trade, currency wars and competitive currency devaluations tend...Read More
March 2 (Reuters) - * Dentsply Sirona Increported quarterly adjusted earnings of 82 cents per share.The mean expectation of 14 analysts for the quarter endedDecember 31 was for earnings of 81 cents per share.* Revenue rose 9.6 percent to $1.09 billion from a year ago;analysts expected $1.06 billion.* Dentsply Sirona Inc's Reported EPS for the quarter was a lossof $2.95.* The mean earnings estimate...Read More
Strengthening export demand from Europe to key destinations such as Turkey and the Indian subcontinent has pulled up prices for light iron, grade-5C steel scrap in the United Kingdom this week, sources told Metal Bulletin on Friday March 2.The UK light iron scrap market has now moved up for three weeks in a row. Metal Bulletin's price assessment for UK grade-5C ferrous scrap on an inter-merchant b...Read More
VANCOUVER, March 1, 2018 /PRNewswire/ - Northern Vertex Mining Corp. (NEE.V) (OTC Nasdaq Intl.: NHVCF) (the "Company") announces that the Company's unaudited interim consolidated financial results for the second fiscal quarter 2018 ended December 31, 2017 have been filed on SEDAR. The full version of the Condensed Interim Consolidated Financial Statements and Management's Discussion & Analysis...Read More
Vancouver-based Trevali Mining (TSX: TV) and Quebec-based Puma Exploration (TSX-V:PUMA) have entered into a Letter of Intent for the acquisition by the former of an option to acquire an interest in the Murray Brook Deposit and to form a proposed Strategic Exploration Alliance in the northern portion of the Bathurst Mining Camp in New Brunswick, Canada.Under the terms of the LOI, Trevali, at its op...Read More
March 2 (Reuters) - * Perrigo Company PLCreported quarterly adjusted earnings of $1.28 per share. The mean expectationof 18 analysts for the quarter ended December 31 was for earnings of $1.25 pershare.* Revenue rose 20.5 percent to $1.28 billion from a year ago; analysts expected$1.25 billion.* Perrigo Company PLC's Reported EPS for the quarter was 52 cents.* The mean earnings estimate of analyst...Read More
European alloy surcharges for March deliveries of grade-316 cold-rolled (CR) stainless steel sheet have risen sharply month on month amid further increases in nickel and molybdenum costs.The March assessment for molybdenum-containing 2mm grade-316 CR sheet - compiled by Metal Bulletin based on data released by Outokumpu, Acerinox and Aperam - rose by ?,?88-112 per tonne to ?,?2,011-2,072...Read More
RIMOUSKI, Quebec, March 02, 2018 (GLOBE NEWSWIRE) - Puma Exploration Inc. (the "Company" or "Puma") (TSX-V:PUMA) is pleased to announce the signature of a non-binding Letter of Intent (LOI) with Trevali Mining Corporation (TSX:TV) setting the terms of a Strategic Alliance for the development of the Murray Brook Deposit (ML 252) and the exploration of combined mining properties in the Restigouch...Read More
The Federal Reserve digested the Trump administration's massive tax cuts and plan to boostspending with barely a hiccup, but Washington's sudden push for steep tariffs on steel andaluminum imports could saddle the U.S. central bank with the worst of both worlds - risinginflation and a slowing global economy.The combination of fiscal stimulus, which Fed officials viewed as hardly a game-changer for...Read More