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Turkish buyers book scrap shipments
Turkish buyers continued to book bulk scrap shipments of different origins for end-November-early December 2020 shipments. Meanwhile, Turkish buyers and steel producers believe it is best to replenish their scrap inventory before the winter vacations. In addition, the...
NASA discovers a metal-rich asteroid
NASA's Hubble Telescope has obtained images of an asteroid so rich in rare metals that its value far exceeds our global economy. Its value is about 10,000 quadrillion dollars, compared to the world economy, which was worth about 142 trillion dollars in 2019. The rare...
Overview Market Close – October 29, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 26,659.11 +139.16 +0.52% S&P 500 INDEX 3,310.11 +39.08 +1.19% NASDAQ COMPOSITE 11,185.59 +180.73 +1.64% NYSE COMPOSITE INDEX 12,502.29 +86.87 +0.70% S&P/TSX COMPOSITE INDEX 15,670.70 +84.13 +0.54%...
Stocks of steel scrap at Chinese shipyards fall by 1% on a monthly basis
Stocks of processed and unprocessed steel scrap held by China's 287 authorized scrap yards reversed by 1% in October, largely due to strong demand for scrap from domestic steel mills. The decline ended with two consecutive months of increases. As of October 26, scrap...