Now under the leadership of Tom Wendt Jr, the family owned and operated Wendt Corp has served the scrap metal recycling industry for over 40 years. Bette Kovach asks him about the growth of the business founded by his father, now chairman, in 1977 and company strategy to supply ever more demanding markets.Wendt CorpWhile still in high school, Tom Wendt accompanied his father, Thomas Wendt Sr, to a...Read More
Risk-on...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Su...Read More
Focus back on lower lows... After...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
Aluminium The LME three-month aluminium price is attempting...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus do...Read More
Q4 2019 price forecast revised a...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More
Downside correction extended 13.3% as...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
Prices broke lower as expected In last week’s...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Looking loose on the LME, but tighter on the SHFE There is a striking dichotomy in the global tin market, with refined market conditions looking looser on the LME but tighter on the SHFE. On the LME, exchange inventories are at 6,460 tonnes, little changed on the quarter but up roughly 4,470 tonnes or 200% since the start of the year. They are close to their highest since June 2016. This points to...Read More
China woes fuel price retracement Strong...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Index futures were virtually unchanged following release of October Housing Starts at 8:30 AM EST. Consensus was an increase to 1.320 million units in October from upwardly revised 1.266 million units in September. Actual was 1.314 million units.Home Depot dropped $11.09 to $227.76 after r...Read More
While equity markets in the United States have pushed up to and are holding near record highs, the industrial metals are by comparison weak.This suggests global industry is still unsure about whether a post-trade war rebound is on the cards, or whether a trade deal will even emerge. Haven assets are back in demand while trade uncertainty dominates.Base metalsThree-month base metals prices on the L...Read More
China woes fuel price retracement Strong risk-on sentiment in global equity markets and the latest ILZSG data have so far failed to break the negativity in zinc that has seen prices sell off from their late-October highs. Continuing uncertainties over the US-China trade war, and the latest macro data from China, have overshadowed the more supportive themes. The latest ILZSG data showed the global...Read More
Here are five Fastmarkets MB stories you might on Friday November 15 that are worth another look.Brazilian miner Vale has diversified its iron ore sales to yuan-denominated futures contract pricing, which is the first time for global miners to use such pricing.Suppliers are offering wider discounts in early negotiations for long-term ferro-vanadium contracts for 2020 compared with this year, accor...Read More
Here are five Fastmarkets MB stories you might on Friday November 15 that are worth another look.Brazilian miner Vale has diversified its iron ore sales to yuan-denominated futures contract pricing, which is the first time for global miners to use such pricing.Suppliers are offering wider discounts in early negotiations for long-term ferro-vanadium contracts for 2020 compared with this year, accor...Read More
Steel billet prices in most markets around the world continued on an upward trend in the week ended Friday November 15 amid a recovery in scrap prices in the Turkish import market as well as increasing demand for billet in China.Market participants consider Turkey's scrap import prices to be a major indicator of scrap price trends because the country is the world's largest importer of the steelmak...Read More
Steel billet prices in most markets around the world continued on an upward trend in the week ended Friday November 15 amid a recovery in scrap prices in the Turkish import market as well as increasing demand for billet in China.Market participants consider Turkey's scrap import prices to be a major indicator of scrap price trends because the country is the world's largest importer of the steelmak...Read More
Here are five Fastmarkets MB stories you might on Friday November 15 that are worth another look.Brazilian miner Vale has diversified its iron ore sales to yuan-denominated futures contract pricing, which is the first time for global miners to use such pricing.Suppliers are offering wider discounts in early negotiations for long-term ferro-vanadium contracts for 2020 compared with this year, accor...Read More
Here are five Fastmarkets MB stories you might on Friday November 15 that are worth another look.Brazilian miner Vale has diversified its iron ore sales to yuan-denominated futures contract pricing, which is the first time for global miners to use such pricing.Suppliers are offering wider discounts in early negotiations for long-term ferro-vanadium contracts for 2020 compared with this year, accor...Read More