The pig iron import market in the United States strengthened in the week ended Friday November 8 on higher scrap prices, sources told Fastmarkets. Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $320-325 per tonne, up from $310-312 per tonne a week earlier."The scrap price has rebounded by $20 [per gross ton]; that will support pig iron prices," one buyer in the US...Read More

Global scrap prices trended upward during the working week ended Friday November 8, boosted by higher Turkish imported scrap prices. Turkish import prices up, bookings resume US export prices improve on fresh deals off both coasts Vietnam import prices jump on buyer interest Taiwan import prices inch upward Higher offers raise Indian import prices.TurkeyTurkish imported scrap prices trended upward...Read More

The price of ferrous scrap imported into India has continued to climb this week, with further rises expected in the coming weeks, sources told Fastmarkets on Friday November 8.Fastmarkets' calculation for the steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $284.15 per tonne on Friday, up from $276.57 per tonne one week earlier.A deal for shredded material into India was heard at...Read More

Export pig iron prices from the Commonwealth of Independent States went up on improved demand, supported by higher scrap prices, sources told Fastmarkets this week.Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS, was $288-295 per tonne on November 7, up from $280-287 per tonne a week ago."The market is firm because demand is hig...Read More

An injunction from a Brazilian court has halted Vale's acquisition process of Ferrous Resources for 30 days, until the miner can provide proof that it will implement international environmental compliance standards.Vale is yet to be notified about the judicial decision issued by the court in the Brazilian Federal District, where Brazil's capital Bras?-lia is located, and would engage in appropriat...Read More

Turkish steel producers remained out of the the deep-sea scrap markets on Friday November 8 after buying scrap cargoes earlier in the week, sources told Fastmarkets.While no new cargoes were booked on Friday, several were purchased earlier this week at steady prices and of the same composition.On Monday, there were three cargoes, two of US origin. The first, booked by a steel mill in the Izmir reg...Read More

Seaborne coking coal prices regained some losses on Friday November 8, narrowing the weekly pace of decline slightly.Fastmarkets indicesPremium hard coking coal, fob DBCT: $133.24 per tonne, up $0.67 per tonnePremium hard coking coal, cfr Jingtang: $146.12 per tonne, unchangedHard coking coal, fob DBCT: $121.70 per tonne, unchangedHard coking coal, cfr Jingtang: $134 per tonne, unchangedLow-vol PC...Read More

Nordic Mining prepares for lift-offSPONSOREDnordic miningIronRidge derisks through diverse discoveries SPONSOREDironridge resources Polymetal building with good momentumSPONSOREDpolymetal internationalAfrica's rising resource nationalism ups stakes for minersSPONSOREDverisk maplecroftGold's on a tear. Whoops, no it's not, as you get another significant one-day drop. Coking coal look strong. Wr...Read More

The London Metal Exchange three-month lead price slipped below an important resistance level in unexceptional trading conditions in the morning of Friday November 8. The three-month lead price recently traded at $2,099 per tonne, with some 1,000 lots exchanged as of 9:20am London time. The price fell from an intra-morning high of $2,114.50 per tonne and traded as lows as $2,084 per tonne - its che...Read More

China's domestic rebar prices retreated on Friday November 8 amid concerns over supply being channeled southward from the northern region amid falling temperatures.Eastern China (Shanghai): 3,700-3,740 yuan ($530-536) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,640-3,660 yuan per tonne, down 10 yuan per tonnesRebar futures were subdued during the day with traders anticipating w...Read More

China's hot-rolled coil prices slid on Friday November 8 after trading activity thinned further.DomesticEastern China (Shanghai): 3,520-3,540 yuan ($500-503) per tonne, down 10-20 yuan per tonneNorthern China (Tangshan): 3,520 yuan per tonne, down 20 yuan per tonneA Shanghai-based trader said trading activity continued to thin during the day amid declining futures, which led to spot prices falling...Read More

The flip-flip nature of headlines surrounding trade talks between China and the United States is calling the tune in the markets; there was initial weakness on news that a signing of a partial trade deal would be delayed, but markets then turned higher after it was announced that progress had been made with both sides agreeing to remove some tariffs.This morning, Friday November 8, markets are giv...Read More

An overview of the minor metals markets and their latest price moves.Read More

An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More

U.S. equity index futures were lower this morning. S&P 500 futures were down 3 points in pre-opening trade. The Canadian Dollar slipped 0.17 to 75.58 U.S. following release of the October Canadian Employment Report at 8:30 AM EST. Consensus is an increase in employment of 15,000 versus a gain of 53,700 in September. Actual was a decline of 1,800. Consensus for the October Unemployment Rate was...Read More

Stainless steel prices in Europe stabilized on Friday November 8 after falling ?,?100 per tonne a week ago, but market participants told Fastmarkets that poor demand and plentiful supplies were still a major issue.Fastmarkets' price assessment for stainless steel cold-rolled sheet, 2mm, grade-304, transaction domestic, delivered North Europe, was ?,?2,200-2,250 ($2,433-2,489) per tonne on November...Read More

Dear Rich Lifer,October has come and gone: the leaves have changed, Halloween is behind us, and winter is speedily approaching. If you happen to live, or own a home in an area that is prone to snow, ice, and freezing temperatures in the winter, then it is time to start preparing your home for the coming cold.While winterizing your home may not be the most exciting task, doing so is crucial. Many o...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday November 8. China  The high-grade manganese ore index recovered some of the recent losses after a number of large sales were made above the previous week's index.  Seaborne low-grade manganese ore prices slid amid persistently weak market sentiment and lower producer offers.  An incre...Read More

Dear Rich Lifer,When people start thinking about saving money, they often look for areas to cut costs, and gym memberships are usually one of the first line items to get cut.It makes perfect sense – with some gyms charging upwards of $200 per month, it just doesn't work out to be worth the price tag for most people.On the other hand, exercise is important, and it becomes evenmore important a...Read More

PRIVATE BLOG - Gold for Nov 8th, 2019Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More