Turkish domestic rebar prices have gone down slightly over the past week, while wire rod prices in the country's local market were largely stable, sources said on Thursday March 15.The local rebar prices have not changed much on Turkish lira basis, but the US dollar values fell slightly with the lira weakening in currency trading.Metal Bulletin's weekly price assessment for domestic rebar...Read More
The latest news and price moves to start the Asian day on Friday March 16. Base metals prices on the London Metal Exchange were mostly lower at the close on Thursday March 15, apart from zinc and lead. Read more in our live futures report. Here are how LME prices looked at Thursday's close:Norwegian ferro-silicon producer Finnfjord Smelteverk plans to cut about 5,000 tonnes of production...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Will PurcellThe diamond and specialty minerals stocks box score for Thursday was a mediocre 74-87-129. The TSX Venture Exchange rose fractionally to 828 while polished diamond prices rose 0.1 per cent. Chris Taylor's -- and increasingly, Chuck Fipke's -- Dunnedin...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business Reporter West Texas Intermediate crude for April delivery gained 23 cents to $61.19 on the New York Merc, while Brent for May gained 23 cents to $65.12 (all figures in this para U.S.). Western Canadian Select traded at a discount of $25.55 to...Read More
Comex copper prices reversed lower on the morning of Thursday March 15 in the United States amid general hesitancy from traders and a stronger dollar.Copper for May settlement on the Comex division of the New York Mercantile Exchange dipped by 4.55 cents or 1.4% to $3.113 per lb. Yesterday, the contract reached a two-week high at $3.192 per lb."The limited rebound indicates that traders remain ske...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterNew York spot gold lost $8.50 to $1,315.70 on Thursday. The TSX Venture Exchange rose 0.80 point to 828.08 while the TSX Gold Index slipped 0.86 point to 183.29. Klondex Mines Ltd. (KDX) led Canadian gold miners lower today, slumping 2...Read More
The latest metal markets news and price moves to start the North American day on Thursday March 15.The LME aluminium price shrugged off news of a 22,270-tonne delivery in to listed warehouses in Port Klang. But the three-month tin price was the worst performer, falling $350 to $20,800 per tonne, coming under pressure from improved availability in China. Here is how the LME base meta...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Stockwatch Business ReporterThe TSX Venture Exchange closed up a fraction to 828.08 Thursday.Mohammad Fazil has filed a preliminary prospectus to list his second capital pool shell, Elephant Hill Capital Inc.The shell plans to sell a $300,000 to $500,000 initial...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Thursday March 15*Copper -$123.40 (-780.92 yuan) Aluminium -$410.64 (-2,598.75 yuan) Zinc -$98.03 (-620.39 yuan) Nickel -$537.25 (-3,400.06 yuan) *Metal Bulletin calculates the physical...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellBarkerville Gold Mines Ltd. denies that it did anything wrong in terminating contracts it had with a company belonging to its former president, Frank Callaghan. Barkerville claims that it ended the contracts in accordance with their terms. As such, it...Read More
Trials to discover reference prices for London Metal Exchange contracts through the Volume Weighted Average Price (VWAP) of transactions are planned to begin at the end of the year or the start of 2019, the LME's chief executive officer said. The exchange is currently engaged in a member-by-member discussion of how a VWAP would work, a process that Matthew Chamberlain said has seen saw market part...Read More
BHP has invited unions representing workers at Escondida, the world's largest copper mine, to high-stakes labor contract talks that were originally set to commence on June 1, the union said."The union has summoned partners this and next week, to discuss the invitation and decide whether to accept or reject it," the Union No. 1 said in a statement.BHP...Read More
Dutch wire products supplier Van Merksteijn has confirmed that it has ordered an electric arc furnace (EAF) and wire rod rolling mill, enabling the company to secure supplies and substantially reduce its reliance on wire rod imports.The new facility will have a wire rod production capacity of 900,000 tonnes per year, and will be built at the seaport of Eemshaven in the north of the Netherlands.Wir...Read More
This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:by Mike CaswellBDO Canada LLP and two other auditing firms have agreed to pay $390,362 in sanctions to settle allegations that their audits of a Canadian company circumvented the oversight of the Public Company Accounting Oversight Board. (All figures are in U.S. do...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar Egypt, domestic (Beshay Steel), rebar, offered at...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. ...Read More
The Turkish rebar and wire rod export markets have remained quiet over the past week on sluggish demand, sources said on Thursday March 15.Turkish steel mills continued to offer rebar for exports at $610-620 per tonne fob actual weight, but buyers were not interested in paying any more than $600 per tonne.There have been no significant transactions heard so far this week,...Read More
Norwegian ferro-silicon producer Finnfjord Smelteverk will cut about 5,000 tonnes of production between April and June of this year because of planned maintenance to its furnaces, according to an industry source.The company, which has its plant in the north of the country, operates three furnaces, one with capacity for 20,000 tonnes per year and two with capacities for 40,000 tpy."Maintenance shou...Read More
Spot prices for European molybdic oxide and ferro-molybdenum have eased in Metal Bulletin's midweek assessment, with dealers booking profits after a market rally for much of the year to date.Market participants expect the move to persist in the near term, with lower spot prices already being offered and expected to be booked soon, they said.Oxide prices have dropped on around 140 tonnes of reporte...Read More
China led upward momentum in the global ferro-silicon price in December last year, disproving opinions that China had lost its foothold on the global ferro-silicon market because its export volumes only account for about 20% of total output.December 2017 saw much activity in the global ferro-silicon market. Chinese domestic spot prices for ferro-silicon, basis 75% Si, hit nine-year highs at 10,000...Read More