Turkish steel mills have returned to the deep-sea scrap markets for March cargoes and the prices have fallen further at the recent transactions, sources said on Tuesday January 30.The mills had been widely expected to book more cargoes for delivery in February, but no such deals have been reported.Instead, after a short period of negotiation, the mills in the country booked two deep-sea cargoes fr...Read More

Metal Bulletin proposes to discontinue two assessments of zinc premiums in the European market.Metal Bulletin proposes to discontinue the zinc premium, 99.995% purity, Rotterdam, duty-unpaid FCA, $ per tonne and the zinc premium, 99.995% purity, Antwerp, duty-unpaid FCA, $ per tonne.The two prices are currently assessed on a weekly basis and published every Tuesday. The proposal has been raised am...Read More

Copper miners, including Freeport-McMoRan and Antofagasta, have made big cuts to copper concentrate tonnages and in some cases altered side terms for material delivered against benchmark treatment and refining charge (TC/RC) terms this year, despite the market rallying around a single number after a tense set of negotiations.Chinese smelters have stood firm behind a single number TC/RC of $82.25 p...Read More

Comex copper prices saw minor profit-taking in the US morning on Tuesday January 30, with the red metal unable to establish a clear price direction over the past week. Copper for March settlement on the Comex division of the New York Mercantile Exchange fell 0.50 cents or 0.2% to $3.1890 per lb. "We are positive on copper over the very short term, expecting...Read More

Metal Bulletin is proposing to launch two blister copper refining charges (RC) assessments.Metal Bulletin proposes to launch two blister copper refining charges (RC) assessments, namely blister copper 98-99% spot RC cif China, and blister copper 98-99% annual benchmark RC cif China. The spot assessment will be published on a monthly basis while the benchmark assessment will be published on an annu...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, offered at $600-610 per tonne cfr, to the UAE.India, export, hot-rolled coil, offered at $610-620 per...Read More

TSX VENTURE: MAIwww.mineraalamos.com Mr. Darren Koningen reports:TORONTO and VANCOUVER, British Columbia, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Minera Alamos Inc. ("Minera Alamos") (TSX VENTURE:MAI) and Corex Gold Corporation ("Corex") (TSX VENTURE:CGE) are pleased to announce that they have entered into a definitive arrangement agreement dated January 30, 2018 (the "Agreement") to combine the tw...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebarTurkey, export, rebar, offered at $560-565 per tonne cfr, theoretical weight, to the UAE.Turkey,...Read More

TSX VENTURE: SLLwww.standardlithium.com Mr. Robert Mintak reports:VANCOUVER, British Columbia, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. ("Standard Lithium" or the "Company") (TSX-V:SLL) (OTCQX:STLHF) (FRA:S5L) is pleased to announce that the Company has commenced detailed resource definition work at its recently optioned 33,000 acres of brine leases, located in a highly prospective...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transactions: billetBilletIran, export, billet, offered at $520-525 per...Read More

TSX VENTURE: OMwww.osiskometals.com Mr. Jeff Hussey reports:MONTREAL, QUEBEC--(Marketwired - Jan. 30, 2018) - Osisko Metals Incorporated (the "Company" or "Osisko Metals") (TSX VENTURE:OM) (FRANKFURT:0B5) is pleased to announce new drill results from the Gilmour South project located 35 km south west of Bathurst, New Brunswick. Drill hole GS-17-02 intersected 7.74% Zn; 2.42% Pb; 0.48% Cu; 79.34g/t...Read More

Egyptian steel producer National Port Said Steel (NPSS) has started production of billet and rebar at its facility in Al Ain Al Sokhna, Italian equipment supplier Danieli said on Monday January 29.The mill is 55 km south of Suez and 120 km east of Cairo. It has capacity for 830,000 tonnes per year of billet and 530,000 tpy of rebar and...Read More

TSX VENTURE: FCCwww.firstcobalt.com Mr. Trent Mell reports:TORONTO, Jan. 30, 2018 /CNW/ - First Cobalt Corp. (TSX-V: FCC, ASX: FCC, OTCQB: FTSSF) (the "Company") is pleased to announce the completion of the first phase of an extensive sampling program at its historic mining operations in the Cobalt Camp in Ontario. This program will provide a better understanding of representative grade characteri...Read More

TSX: PGwww.premiergoldmines.com Mr. Ewan Downie reports:THUNDER BAY, ON, Jan. 30, 2018 /CNW/ - PREMIER GOLD MINES LIMITED ("Premier" or "The Company") (TSX:PG) is pleased to provide an update on exploration and development plans for 2018. The Company remains focused on realizing the potential of its current asset base, comprised of eight properties located in North America.Premier has approved a 2...Read More

TSX: TIwww.titanminingcorp.com Mr. Richard Warke reports:VANCOUVER, British Columbia, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Titan Mining Corporation ("Titan" or the "Company") (TSX:TI) is pleased to announce that the crusher, hoist and mill at the Empire State Mine have been commissioned and hoisting of ore has begun on schedule and budget.Production Re-start UpdateSince the start of the project in ea...Read More

Russian flat-steel producers are in a bullish mood but, unusually for the market, their offer prices for February-rolled hot- and cold-rolled steel sheet differ widely, buyers told Metal Bulletin on Monday January 29.The major suppliers are Novolipetsk Steel (NLMK) and Severstal."Both have increased their offer prices for February-rolled material, but Severstal's price is still lower, even though...Read More

Most buyers of flat steel in the United Arab Emirates and in Saudi Arabia preferred to delay their purchasing this week because they had enough stocks and they expected discounts, sources told Metal Bulletin on Tuesday January 30.UAEHot-rolled coil (HRC) was offered at $600-610 per tonne cfr from China, while buyers were bidding $590-595 per tonne cfr.India offered the product at $610-620 per tonn...Read More

TSX: ALOwww.aliogold.com Mr. Bryan Coates reports:VANCOUVER, British Columbia, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Alio Gold Inc (TSX:ALO) (NYSE AMERICAN:ALO) ("Alio Gold" or the "Company"), announces 2018 production and cost guidance for the San Francisco Mine in Sonora, Mexico.Highlights Forecast gold production to increase to between 90,000 and 100,000 ouncesAll-in sustaining costs1,3 ("AISC") be...Read More

TSX VENTURE: GQCwww.goldquestcorp.com Mr. Bill Fisher reports:VANCOUVER, BC--(Marketwired - January 30, 2018) - GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W) ("GoldQuest" or the "Company") is pleased to report assay results from the latest seven drill holes from its Cachimbo Discovery located within the Company's 100% owned Tireo Concessions in the Dominican Republic. Mi...Read More

China's domestic rebar prices were flat on Tuesday January 30 amid weak futures and sparse trading.Domestic Eastern China (Shanghai): 3,820-3,890 yuan ($603-614) per tonne, unchanged Northern China (Beijing): 3,900-3,940 yuan per tonne, unchanged Weakening futures kept the spot market bearish and resulted in buyers lowering their procurement rates further during the day. But sellers kept their off...Read More