Italian re-rollers have achieved a price rise in the domestic market for their heavy steel plate, due to the higher cost of steel slab feedstock, sources told Fastmarkets on Wednesday March 17.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?665-680 ($793-810) per tonne on March 17, up by ?,?10-15 per tonne from ?,?650-670 per tonne a week earlier....Read More

Prices for steel hollow sections in Europe were unchanged week-on-week on Wednesday March 17 despite mills taking on higher feedstock costs, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was unchanged at ?,?860-890 ($1,025-1,061) per tonne on Wednesday.The corresponding assessment for steel sections (medium), domestic, deli...Read More

Steel wire rod prices in Northern Europe have remained stable at high levels, with sentiment for April being upbeat on persistent shortages, good demand and limited imports, market sources told Fastmarkets on Wednesday March 17.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?660-690 ($787-822) per tonne on Wednesday, stable for th...Read More

Egypt consumed 471,000 tonnes of reinforcing bar (rebar) in February, down by 30.84% from 681,000 tonnes in the same month last year, according to Ramy Saleh, chief business development officer at Egyptian long steel producer El Marakby Steel.But Egypt's rebar consumption increased by 52.92% month on month, from 308,000 tonnes in January.Egypt's rebar consumption has been...Read More

Here are five Fastmarkets stories you might have missed on Wednesday March 17 that are worth another look.The volume of Southeast Asian steel billet available to importers across Asia is on the rise following new capacity upgrades at key suppliers in Indonesia and Vietnam, sources told Fastmarkets.Treatment charges (TCs)...Read More

Turkish deep-sea scrap import prices have been weakening recently because of strong supplies, with steelmakers also staying away from the market due to limited steel sales, sources said on Wednesday March 17.The most recent deep-sea bookings occurred at the end of the last week, when two Baltic Sea cargoes were sold at $435-437 per tonne cfr on HMS 1&2 (80:20) basis.Since then, steel mills in Turk...Read More

Japanese steel scrap exporters are facing acute problems in sourcing vessels in which to make shipments, leading to an oversupply of scrap at exporters' yards which in turn is driving down prices, market sources told Fastmarkets on Wednesday March 17.Rising freight rates have been inflating cfr-basis scrap and steel prices across Asia in recent weeks but the situation in Japan is now so severe tha...Read More

Here are five Fastmarkets stories you might have missed on Wednesday March 17 that are worth another look.The volume of Southeast Asian steel billet available to importers across Asia is on the rise following new capacity upgrades at key suppliers in Indonesia and Vietnam, sources told Fastmarkets.Treatment charges (TCs)...Read More

*This interview was first released on March 11thJim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducte...Read More

Export prices for steel billet from the Commonwealth of Independent States (CIS) continued to fall amid a lack of trading activity in the week to Wednesday March 17.Customers took wait-and-see positions, expecting further drops in the prices for raw materials and finished long steel products.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was calcula...Read More

A recap of the insanity and litany of lies, and what may be to come.Hope it doesn't.Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. His website is The Market Ticker. Read More

Iranian exporters of steel billet and slab enjoyed demand from China in mid-March, with a number of cargoes reported sold to the Asian country over the week to Wednesdau March 17.A trading source reported two small billet cargoes being sold by a trader to another trader for further sale to China at $545 per tonne fob Iranian ports."These 15,000 tonnes will be added to a larger cargo going to China...Read More

J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton's International Commodity Division, headquartered in New York City's Battery Park. He studied under David Johnston, head of Hutton's Commodity Division and Chairman of the COMEX. In the 1980s Mike began to develop his own momentum-based method of technical analysis. He learned early on that o...Read More

Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More

Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim's...Read More

Key data from Fastmarkets' pricing session in Europe on Wednesday March 17. Key drivers Prompt supply in Europe is limited and spot demand is good, market sources said. Availability in Europe has been tight since the second half of last year because China has been importing large volumes of material amid a better demand outlook than in Europe. But weakening prices for substitute fer...Read More

The Critical Investor explains why he believes Golden Arrow is in an ideal situation to profit from renewed enthusiasm for copper and precious metals. As copper is riding at nine-year highs lately, Golden Arrow Resources Corp. (GRG:TSX.V; GARWF:OTCQB; G6A:FSE) acknowledged this fact and recently made an adjustment to its exploration strategy, which previously focused predominantly on its gold pro...Read More

Peter Krauth, editor of Gold Resource Investor, examines the commodity supercycle and the role recency bias plays in investment decisions. Recency bias is a funny thing. It's human nature to expect the near future to look like the recent past.But we all know that's not how things always play out. And that can be costly, even dangerous, for investors.Take long term bonds, for example. Ten-year Tre...Read More

There's increasing talk about a cash settle on the #COMEX?EUR<, while the Fed is seemingly losing control, and making a reset look somewhat inevitable.Andrew Maguire stops by to share what he's seeing, and to find out more, click to watch the video now!Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals mark...Read More

David H. Smith is senior analyst for The Morgan Report, and a ghostwriter. Smith has visited and written about properties in Argentina, Chile, Mexico, Bolivia, China, Canada and the U.S. He is an investment conference/workshop presenter at gatherings in Canada and the U.S. He is co-author, along with David Morgan, of Second Chance: How to Make and Keep Big Money from the Coming Gold and Silver Sho...Read More