Turkish authorities are considering whether to launch a trade defense case against imports of hot-rolled coil (HRC) from the EU, market sources have told Fastmarkets.European mills have increased their HRC export volumes recently, particularly to Turkey, due to the weak demand in their home markets."The start of an anti-dumping case against EU-origin HRC will entirely depend on the attitude of the...Read More
Insiders have been buying as Exco Technologies (XTC) approaches a 4-year bear market. Full report is availabe here. INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage. Your browser does not support the audio element. DownloadRead More
Steel import volumes into Spain fell to 3.51 million tonnes in January-April 2019, down by 3.1% from 3.62 million tonnes in the corresponding period in 2018, according to Unesid, the country's steel association.Import volumes from non-EU countries fell by 5.8% to 1.17 million tonnes in the first four months of 2019, from 1.24 million tonnes in January-April 2018, with Unesid noting the swift exhau...Read More
The European Commission (EC) has re-adopted a cartel ruling against five Italian rebar producers and imposed fines totalling ?,?16.07 million ($18.14 million), it said on Thursday July 4.The decision related to the companies' participation in a price-fixing cartel between December 1989 and July 2000.The five steelmakers named by the EC were Alfa Acciai, Feralpi, Ferriere Nord (Pittini), Partecipaz...Read More
The price of steel billet imported into Egypt increased in the week to July 4 on higher offers, despite poor domestic demand."Higher offers are because of high scrap and iron ore prices," a local market source told Fastmarkets.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) scrap was calculated at $291.88 per tonne cfr on July 4, up from $273.88 per tonne...Read More
The market for pig iron exports from the Commonwealth of Independent States (CIS) has strengthened over the past week following rises in the prices for iron ore and ferrous scrap.Fastmarkets' price assessment for low-manganese pig iron exports, fob main port Baltic Sea, CIS, was up by $5 per tonne to $355-360 per tonne on July 4.Offers of material from Russia's Tulachermet to Europe were reported...Read More
Seaborne iron ore prices fell on Thursday July 4, while futures prices on the Dalian Commodity Exchange plunged after hitting a five-year high earlier this week.MB 62% Fe Iron Ore Index: $122.03 per tonne cfr Qingdao, down $2.72 per tonne. MB 62% Fe Pilbara Blend Fines Index: $122.03 per tonne cfr Qingdao, up $2.72 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $124 per tonne cfr Qingdao, down $...Read More
Turkish billet prices have increased over the past week on the back of an uptick in imported scrap costs, sources said on Thursday July 4.Billet suppliers in the Commonwealth of Independent States (CIS) raised their offers to $440-445 per tonne cfr levels for Turkish customers. However, there was no significant trading activity heard so far this week.Fastmarkets' weekly price assessment for...Read More
The price of steel billet imported into Egypt increased in the week to July 4 on higher offers, despite poor domestic demand."Higher offers are because of high scrap and iron ore prices," a local market source told Fastmarkets.Fastmarkets' daily index for Northern Europe-origin HMS 1&2 (80:20) scrap was calculated at $291.88 per tonne cfr on July 4, up from $273.88 per tonne...Read More
Dr. Ron Paul & Chris Waltzek Ph.D. - July, 2nd, 2019.* Mp3.HighlightsFounder of The Ron Paul Institute for Peace And Prosperity returns to the show with his case for restoring a gold-backed US dollar. In the Ron Paul Liberty Report last month, Dr. Paul noted, "The Fed Can't Save Us, But Gold Can," in response to the new rate cut cycle.He outlines how this event could mark the beginning of...Read More
China's domestic rebar prices were relatively steady on Thursday July 4 amid mild movements in the futures market, though the export segment continued to weaken on soft demand.Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($577-581) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,920-3,950 yuan per tonne, widened downward by 10 yuan per tonneSellers in eastern China raised their p...Read More
In this episode of the Keiser Report from San Francisco, Max and Stacy discuss bitcoin as the ultimate safe haven in the days of central bank madness. They also discuss the conspiracy theory turned conspiracy fact as Merrill Lynch admits to manipulating precious metals markets with spoof trading.In the second half, Max interviews Randy Brito from LochaMesh bringing mesh net to bitcoin communities...Read More
With all the white noise on July 4th - tanks and flyovers, speeches - it can be easy to forget exactly what we are celebrating. In this special edition of the Liberty Report, Ron Paul explains his favorite part of the Declaration and why...Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York...Read More
Links to slides and sources: https://www.itmtrading.com/blog/debt-...Charts and information on India Gold confiscation and the spot gold price in terms of Euro is in the blog link above."A far more immediate and present danger of recession occurs when after inversion, a rapid steepening occurs. That event usually informs investors the cycle is over and it is time to flee for the hills," He believe...Read More
"It's not only an outrageous attack on press freedom, but a gross abuse of power."Continue...Read More
"The extent to which this data is shared with third parties, and how those third parties use and control that information, is still unclear,"Continue...Read More
I sent a market update to Boom & Bust subscribers in our 5 Day Forecast last Monday. I explained that stocks saw their biggest correction since late 2011, which makes that aContinue...Read More
Stainless steel prices in Europe were likely to remain under pressure due to a longer-than-usual summer slowdown and the renewal of the region's safeguarding quota allocations, while in the United States the determining factor was likely to be the level of alloy surcharges.Meanwhile, the resumption of trade talks between the US and China was likely to boost market activity in Asia.EuropeParticipan...Read More
According to Trump, the U.S. can't continue "being the dummies who sit back and politely watch as other countries continue to play their games - as they have for so many years."Continue...Read More
The yield curve has now been inverted for an entire quarterContinue...Read More