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USA’s ferrous scrap export hits five-years high in August
The USA, world's largest ferrous scrap supplier, exported scrap 1.84 mn t in Aug'20, higher by 52% from 1.21 mn t in Jul'20, as per customs data maintained with SteelMint. Notably, US ferrous scrap exports hit a record five years high of 1.84 mn t in August....
Barrick transitions Hemlo to underground mining
Barrick Gold is moving ahead with plans to extend the life of its Hemlo gold mine in Ontario by transitioning the operation from open-pit mining to purely underground mining as a modernized ‘Tier Two’ asset. Mining of the Williams pit is expected to wind down at the...
Overview Market Close – October 14, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 28,514.00 -165.81 -0.58% S&P 500 INDEX 3,488.67 -23.26 -0.66% NASDAQ COMPOSITE 11,768.73 -95.17 -0.80% NYSE COMPOSITE INDEX 13,143.16 -68.79 -0.52% S&P/TSX COMPOSITE INDEX 16,455.40 -55.43 -0.34%...
Ferrous scrap imports fall by 20% in Aug
The world's largest ferrous scrap importer, witnessed a 20% drop in Aug'20. The country imported 1.89 mn t in Aug'20 as compared to 2.35 mn t a month ago. Similarly, on a yearly basis, scrap imports to Turkey recorded 1.89 mn t in Aug'20 as against 1.48 mn t in...