The prices for coated flat steel products showed small changes in Turkey's markets this week, although demand was not very strong in the local or export markets, sources told Metal Bulletin on Friday January 5.Domestic pricesIn Northern Turkey, 0.5mm gauge hot-dipped galvanized coil (HDG) was on offer at $790 per tonne ex-works from one producer, with buyers bidding $785 per tonne ex-works.Souther...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Crown Mining (TSXV: CWM) Reports Results from Metallurgical Study Toronto, Ontario - January 5, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Crown Mining Corporation (TSXV: CWM) ("Crown" or the "Company") is pleased to announce test results from its i...Read More
Investors Free Sign UpMember LoginBecome a MemberNews FeedsSubmit NewsEditor's PicksVideoPodcastsWine Down CornerCompaniesMarketplaceShop Sienna Resources (TSXV: SIE) Proposes to Increase Placement up to $2.5 million for Cobalt Project Development Vancouver, British Columbia - January 5, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Sienna Resources (TSXV: SIE) (FSE: A1XCQ0) (OTC Pink: S...Read More
Proposed UK trade laws to replace EU legislation after the country leaves the union ("Brexit") could "water down [UK] anti-dumping and anti-subsidy measures," according to a briefing note published by trade body UK Steel on Friday January 5.The country's parliament will debate two proposed pieces of legislation - the Trade Bill and the Taxation (Cross Border Trade) Bill - on January 8 and 9.The Tr...Read More
A couple weeks ago, we discussed the mental gymnastics involved in the transgender movement.I think people should be free to do whatever they want if it doesn’t harm others. This includes getting surgery and taking pills which make their physical appearance mimic the opposite sex.But what many transgender activists want is akin to doublethink–they want you and I to actually believe tha...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices started 2018 on a rise, gaining further ground on Friday January 5 to $76.80 per tonne cfr Qingdao despite the Chinese steel market retreating again.There was barely any movement in the seaborne coking coal market amid a lack of indicative and firm bids, with buyers still trying to figur...Read More
On Thursday January 4, Metal Bulletin amended its Brazilian domestic steel prices to reflect standard market practices, making changes to the calculation of its monthly assessments.Previously, all Brazilian domestic flat steel prices - Brazil domestic cold-rolled coil (CRC), ex-works, Reais per tonne, monthly; Brazil domestic hot-dipped galvanized coil (HDG), ex-works, Reais per tonne, monthly; an...Read More
Scarce supply in global scrap markets pushed up import prices to both India and Taiwan in the working week from Monday January 1 to Friday January 5, while market activity has remained low in the bellwether Turkish market.Turkey importsNo deals were concluded by Turkish mills for imported bulk scrap cargoes during the week, with many suppliers still on holiday until next week.Turkish steel mills w...Read More
Prices for shredded and HMS grades of steel scrap imported in containers into India soared upward this week, with the country's domestic finished steel markets enjoying a strong start to the year.Metal Bulletin's index for Indian imported shredded scrap rose to $374.09 per tonne cfr Nhava Sheva on Friday January 5, up by $22.61 per tonne from the $351.48 per tonne cfr recorded on December 22.The l...Read More
CloseGain/LossOn WeekGold $1320.50-$1.40+1.33%Silver$17.20UNCH+1.53%XAU87.39-0.45%+2.49%HUI198.13-0.32%+3.03%GDM661.89-0.20%+1.73%JSE Gold1322.71+17.52+1.47%USD91.97+0.10-0.36%Euro120.42-0.26+0.32%Yen88.43-0.27-0.43%Oil$61.44-$0.57+1.69%10-Year2.477%+0.025+2.74%Bond151.9375-0.375-0.63%Dow25295.87+0.88%+2.33%Nasdaq7136.56+0.83%+3.38%S&P2743.15+0.70%+2.60% The Metals: Gold fell $5.70 to $131...Read More
Gold COT Report - FuturesLarge SpeculatorsCommercialTotalLongShortSpreadingLongShortLongShort241,42878,16060,048155,104332,704456,580470,912Change from Prior Reporting Period 38,83811,5182,405-36527,76640,87841,689Traders17086744552246183 Small Speculators LongShortOpen Interest 44,15129,819500,731 3,3832,57244,261 non reportable positionsChange from the previous reporti...Read More
The UK inter-merchant price range for austenitic alloy steel scrap rose by ?50-60 per tonne this week on higher nickel prices when the market returned from seasonal holidays, sources said on Friday January 5.Metal Bulletin's weekly price assessment for inter-merchant 18/8 scrap solids in the UK was ?950-980 ($1,286-1,326) per tonne delivered on Friday, compared with ?900-920 per tonne on Decemb...Read More
By Dave Kranzler"This time it's different." That quote is from Sir John Templeton, a legendary investor who is considered the father of the modern mutual fund industry. For most of the month of December, I've been hearing ads from mortgage brokers who are promoting the idea of refinancing your house in order to take care of holiday bills. It reminded of the early 2000's when then Fed Chairman, A...Read More
The gold miners' stocks have huge upside potential in 2018, likely the best among stock-market sectors. They really lagged gold last year, so a major mean-reversion catch-up rally is coming. The gold miners are universally ignored and deeply undervalued relative to the metal which drives their profits. And gold itself is likely to power dramatically higher this year as euphoric record-high...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
The lack of buying activity at the beginning of the year has created mixed expectations about which direction global steel slab prices will take in January.Some market participants were bearish, suggesting that a splash of buying activity will be short-lived, at least in Asia, amid generally sluggish demand for finished flat steel in the region as well as the approaching Lunar New Year holiday.Bes...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
By Gary TanashianThis morning I noted that I did not appreciate seeing Jeremy Grantham's note dismissed even in the slightest way and without rancor by a Biiwii author. His intro was "Here we go with the "melt-up" meme again.", which I felt was not appropriate for our purposes, coming as it did from a writer who was cautionary all through 2017.Look, I was pretty sure I was going to be wrong abou...Read More
Metal Bulletin reviews the major stories that have affected the steel market over the past week.Iron ore prices started 2018 on a rise, gaining further ground on Friday January 5 to $76.80 per tonne cfr Qingdao despite the Chinese steel market retreating again.There was barely any movement in the seaborne coking coal market amid a lack of indicative and firm bids, with buyers still trying to figur...Read More