Iron ore prices softened slightly but stayed above $79 per tonne cfr China on Tuesday February 27 after a jump a day earlier. Metal Bulletin's 62% Fe Iron Ore Index Today: $79.15 per tonne cfr Qingdao Daily change: down by $0.21 per tonne Month-to-date average: $77.29 per tonne Metal Bulletin's 58% Fe Premium Index Today: $61.87 per tonne cfr...Read More

Seaborne coking coal prices remain firm, with market participants expecting the resurgence of Chinese demand to set direction in the coming weeks. Premium category cargoes were heard offered at around $235 per tonne cfr China on Tuesday February 27, with offers on second-tier materials at around $200 per tonne cfr China. Bids on fob Australia premium hard coking coal moved up to $230 per tonne on...Read More

In the assumption that one of the three recommendations by the DOC (Dept. of Commerce) is adopted and unlike section 201 made permanent, US producer prices (FOB Midwest mill) are unlikely to fall in the short term but the degree of gains could be quite different.In this article we examine "option 3" - a quota regime, which restricts foreign steel to 63% of the 2017 total. In this scenario the pric...Read More

Some flat steel import offer prices in the United Arab Emirates and Saudi Arabia decreased this week despite the strong demand in the UAE, sources told Metal Bulletin on Tuesday February 27.UAEHot-rolled coil was being offered to the UAE at $620-630 per tonne cfr from China and $650-660 per tonne cfr from India.Buyers were bidding $630 per tonne cfr for India-origin HRC.Ukraine offered the product...Read More

TSX VENTURE: KTRwww.kintavar.com Mr. Kiril Mugerman reports:DDH MS-17-08: 206.3m grading 0.18% Cu and 1.65 g/t Ag including 21.9m of 0.52% Cu and 16.5m of 0.50% CuIn total, 4 out of 12 drill holes intersected over 100m of copper mineralizationMineralization starts from surface and remains open to the East, West and at depthMaximum thickness of the mineralized strata affected by folding is yet to b...Read More

TSX VENTURE: Fwww.fioregold.com Mr. Tim Warman reports:Vancouver, British Columbia (FSCwire) - FIORE GOLD LTD. (TSXV: F) (OTCQB: FIOGF) ("Fiore" or the "Company") is pleased to provide results from the first six holes of its 2018 drill program at its Pan Mine in Nevada, part of a longer-term program aimed at expanding the resource and reserve base at Pan. The current program consists of approximat...Read More

Local and imported rebar prices in the United Arab Emirates and Saudi Arabia remained unchanged this week although the price of billet imports into the UAE increased, sources told Metal Bulletin on Tuesday February 27.Demand for locally produced rebar in the UAE was still strong.Domestic rebarThe major rebar producers in the UAE rolled over their prices for March and April production last week.The...Read More

TSX: OSKwww.osiskomining.com Mr. John Burzynski reports:TORONTO, ONTARIO--(Marketwired - Feb. 27, 2018) - Osisko Mining Inc. (OSK:TSX) ("Osisko" or the "Corporation") is pleased to provide new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in the Abitibi greenstone belt, Urban ownship, Eeyou Istchee James Bay, Qu?(C)bec. The 800,000 metre drill program...Read More

TSX: NUSwww.nautilusminerals.com Mr. Michael Johnston reports:TORONTO, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Nautilus Minerals Inc. (TSX:NUS) (OTC:NUSM) (Nasdaq Intl Designation) (the "Company" or "Nautilus") is pleased to announce the results of a Preliminary Economic Assessment ("PEA") prepared by AMC Consultants Pty Ltd ("AMC"), contained in an independent National Instrument 43-101 ("NI 43-101") t...Read More

TSX: SSLwww.sandstormgold.com Mr. Nolan Watson reports:VANCOUVER, Feb. 26, 2018 /CNW/ - Sandstorm Gold Ltd. ("Sandstorm" or the "Company") (NYSEAMERICAN: SAND, TSX: SSL) is pleased to provide recent development and exploration updates from the Company's royalty properties.-McEwen Announces 100,000 Metre Exploration Program at the Black Fox ComplexMcEwen Mining Inc. ("McEwen") announced details on...Read More

A summary of base metals premiums across the globe for the week to Tuesday February 27.Read More

Comex copper prices were once again trading in negative territory on Tuesday February 27, with the complex under pressure due to a surging dollar. Copper for May settlement on the Comex division of the New York Mercantile Exchange fell 1.95 cents or 0.6% to $3.1930 per lb. The red metal has now slipped for three consecutive sessions. The US dollar is driving the marketplace right now, with a lack...Read More

Historic payment structures are enabling zinc smelters to raise primary output even as market-related terms such as metal premiums and concentrate treatment charges remain low; but the opposite is true for lead. Zinc smelters which process concentrates into refined metal only have to pay for 85% of the zinc metal contained in concentrate they purchase, but generally utilize 97% or more. Lead smelt...Read More

Primary aluminium production at Emirates Global Aluminium (EGA) rose 4% to a record 2.6 million tonnes in 2017, the aluminium producer said on Tuesday February 27. EGA sells about 10% of its production to customers in the United Arab Emirates. It sold 268,000 tonnes of aluminium metal to customers in the UAE in 2017, compared with 262,000 tonnes - including sales of hot liquid metal to customers l...Read More

The latest metal markets news and price moves to start the North American day on Tuesday February 27.Base metals prices on the London Metal Exchange were mostly firmer during morning trading, but no significant movements are taking place.The three-month aluminium price was $20 higher as it pushed back above $2,150 per tonne after further cancellations at LME-listed warehouses. 24,900 tonnes was ca...Read More

Emirates Global Aluminium's (EGA) strategic upstream integration projects, Al Taweelah alumina refinery in Abu Dhabi and Guinea Alumina Corp (GAC) bauxite mine in the Republic of Guinea, are making "strong progress", the company said on Tuesday February 27. Work on the Al Taweelah alumina refinery is 76% complete and alumina output is expected to begin in the first half of 2019, EGA said. The Al T...Read More

Earnings at Mexican steel group Industrias CH (ICH) fell by 11% year-on-year in the fourth quarter of 2017 because of the lower volumes sold.Earnings before interests, taxes, depreciation and amortization (Ebitda) amounted to 1.34 billion pesos ($72 million) during the quarter, compared with 1.51 billion pesos a year earlier, the company said in a report to the Mexican stock exchange on Monday Feb...Read More

Mexican steelmaker Grupo Simec increased its earnings by 6% year-on-year in the fourth quarter of 2017, amid lower costs and expenses, but did not manage to keep itself in profit for the three months.Earnings before interests, taxes, depreciation and amortization amounted to 1.13 billion pesos ($61 million) during the period, up from 1.06 billion pesos in the fourth quarter of 2016, the company sa...Read More

ArcelorMittal is planning to invest a further ?,?10 million ($12.31 million) by the end of this year in the expansion of its service center in Neuwied, Germany, the company said on Tuesday February 27.It had already invested ?,?6.5 million this year before the end of February, so that will bring the total for 2018 to ?,?16.5 million.The steelmaker processes flat steel at the site, which mainly com...Read More

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDGHot-rolled coilChina, export, hot-rolled coil (2mm), offered at $620-630 per tonne cfr, to the UAE.India, export, hot-rolled coil (2mm), offered at $650-660 p...Read More