Gold pared early losses after Labor Department data Thursday said that initial weekly U.S. jobless claims soared by 70,000 to a seasonally adjusted 281,000 in the week to Saturday due to the COVID-19 virus. Spot gold was last down $13.40 to $1,472.70 an ounce.
News ID: 8791 Publish Date : 2020/03/19
Malaysia's wood pellet factories will close until 31 March to comply with a 14-day lockdown in a bid to limit the spread of the coronavirus in the country. Malaysia is the second-largest wood pellet and palm kernel shell (PKS) producer in Asia.
News ID: 8782 Publish Date : 2020/03/19
ArcelorMittal Spain is to cut flat steel output in the near term because of reduced automotive demand.
News ID: 8779 Publish Date : 2020/03/19
Steel producer ArcelorMittal is reducing European flat product output in response to the spreading coronavirus, the company has told Argus.
News ID: 8759 Publish Date : 2020/03/18
A growing number of sellers are reluctant to offer material in the European spot market , fearing buyers could struggle with financial liquidity and breach payment terms.
News ID: 8745 Publish Date : 2020/03/17
Italian steelmaker Arvedi is joining fellow producers in slowing output, according to market sources, after a number of customers decided to temporarily shut down or reduce production.
News ID: 8741 Publish Date : 2020/03/17
Holdings of gold by exchange-traded funds declined on Friday by the most in a year, said BMO Capital Markets.
News ID: 8735 Publish Date : 2020/03/16
The coronavirus pandemic has stoked concerns of a global economic recession as it spreads across the world, igniting one of the sharpest oil price plummets in the last 30 years and causing the biggest stock plunge on Wall Street since the stock market crash in 1987.
News ID: 8717 Publish Date : 2020/03/14
This week, South Korea’s major EAF Steelmaker, Hyundai Steel has cut its purchase price for Japanese scrap amid low domestic market fundamentals in Korea as well as continued fall Japanese scrap price levels. Hyundai Steel has cut its bid by JPY 1000/MT (USD 9) against last week and its current bid for Japanese H2 stands at JPY 22,000/MT FOB (USD 212), in comparison to JPY 23,000/MT (USD 221) bid last week.
News ID: 8714 Publish Date : 2020/03/12
Indian Silico Manganese prices remained unchanged owing to the dull steel market conditions. The selling pressure is quite intense in the domestic market . Meanwhile, prices in the export market also softened amidst currency fluctuations and the spread of deadly Coronavirus.
News ID: 8710 Publish Date : 2020/03/12
The signals at Erdwich Zerkleinerungs-Systeme GmbH are set for growth beyond 2019.
News ID: 8703 Publish Date : 2020/03/12
A meeting of the Opec and non-Opec Joint Technical Committee (JTC) will no longer take place as scheduled on 18 March, reducing any chance that the group will revisit extending its production deal in the short term.
News ID: 8695 Publish Date : 2020/03/12
Australian lithium producer Galaxy Resources is prioritising "resource life preservation" at its Mt Cattlin mine in Western Australia, in response to continued weak market conditions in the global lithium market .
News ID: 8687 Publish Date : 2020/03/11
Prices for spot liquefied natural gas cargoes imported into Japan, the world’s biggest buyer of the fuel, fell in February to the lowest since the country’s trade ministry started compiling data in 2014.
News ID: 8672 Publish Date : 2020/03/10
A crisis is brewing in equity market s Monday as indexes posted a sharp decline at the open.
News ID: 8664 Publish Date : 2020/03/09
Money managers’ net-bullish positioning in gold futures declined during the most recent reporting week for data compiled by the Commodity Futures Trading Commission (CFTC), with some observers citing selling to raise money to meet margin calls and offset losses in other market s.
News ID: 8663 Publish Date : 2020/03/09
Analysts are doubling down on their comments that gold’s safe-haven appeal is the winning asset amid growing coronavirus fears, an oil-price crash and an equity market correction.
News ID: 8662 Publish Date : 2020/03/09
Italian steel producer Arvedi said its production and logistics are unaffected by the lockdown imposed by the Italian government in 15 provinces in the north of the country, including Lombardy.
News ID: 8658 Publish Date : 2020/03/09
Sentiment in the European hot-rolled coil (HRC) market is darkening somewhat, with a confluence of bearish factors strengthening the belief that price increases solely based on lower production will not be sustainable.
News ID: 8653 Publish Date : 2020/03/09
Vizag Steel – a state owned steel maker state owned steel maker under the Ministry of Steel, has invited spot sale notice for export of 30,000 MT bloom in ocean market .
News ID: 8621 Publish Date : 2020/03/05