Brazilian flat steel producers are poised to raise domestic prices by 10-18% in May, due to rising global steel and raw materials values, along with resilient local demand, market participants told Fastmarkets this week.Companhia Sider??rgica Nacional (CSN), the country's second-biggest flat steel producer, led the way when commercial executive director, Luis Martinez announced a 16-18% incre...Read More
Domestic and imported steel beam prices in the United States rose on Thursday April 29, in line with recent mill price increase announcements due to rising demand and tightening supply.Fastmarkets' monthly assessment for steel beams 8- x 8-in, fob mill US was $52.50 per hundredweight ($1,050 per short ton) on April 29, up 5% from $50 per cwt on March 25, and up 10.53% from $47.50 per cwt in Februa...Read More
A summary of the financial results for Turkey's largest steelmaking group, Erdemir, for January-March 2021.In brief Turkey's biggest steel producer Erdemir Group produced 24% of Turkish crude steel in January-February 2021. The group's earnings before interest, taxes, depreciation and amortization (Ebitda) increased by 262.53% in January-March 2021, because of strong demand for steel in Turkey and...Read More
The UK Trade Remedies Investigations Directorate (TRID) is to review two existing European Union anti-dumping cases to determine if they are fit for purpose in a post-Brexit United Kingdom.The two cases in question relate to cold-rolled coil from China and Russia and into high fatigue performance (HFP) rebar from China, TRID said on Thursday April 29.The reviews will...Read More
Pig iron export prices from Brazil went up again during the week to Friday April 30 despite long lead times.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $545-560 per tonne on Friday, up from $540-545 per tonne the previous week.Offers were reported from only one...Read More
Turkish deep-sea scrap import prices have increased sharply since China decided to remove the export tax rebate on some steel products. But demand among major scrap importers in Asia was still limited because of upcoming holiday periods in the region.Turkish scrap import prices jump $22 per tonne at the end of the weekUS scrap export prices remain fairly stableSlight improvement in Vietnamese scra...Read More
The pig iron import market in the United States was silent during the week to Friday April 30, although market indicators such as hot-rolled coil prices continued to increase.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $585-595 per tonne on Friday, up by $10 per tonne from $575-585 per tonne the previous week."It was predictable that the market would be silent t...Read More
Ukrainian steelmaker Metinvest is considering to build a 2.50 million-tonne-per-year flat steel rolling plant in Trieste, in the north of Italy, Italian equipment producer Danieli told Fastmarkets on Friday April 30. "Metinvest is seriously considering the opportunity to build a sophisticated and cost and quality competitive 2.5 million tpy plant. It should serve North Italy and Europe market. The...Read More
Paul Craig Roberts: "...I don't think that Putin's policy of restraint and non-confrontation (towards the United States) has been successful. Putin's good intentions are not reciprocated by Washington. I think Putin's responsible behavior encourages more aggressive accusations and more aggressive military maneuvers. At some point, the West is going to go too far, and there's going to be no alterna...Read More
Talking Points From This Episode:- Treasury issuance and Federal Reserve purchasing.- Equity valuations and signals of coming inflation.- Potential for an equity correction and risks of further corrective stimulus.- Mining sector growth and improving fundamentals.0:00?EUR< - Introduction0:38?EUR< - Fed is Trapped3:10?EUR< - Foreign - Treasuries6:04?EUR< - Taxes & Revenue9:24?EUR< - Equity Valuatio...Read More
Economist Danielle DiMartino Booth sits down with American lawyer and writer Philip Howard. In this interview they talk about how policies have an impact on the economy, how common sense has been lost and how responsibility can lead to a more efficient government. Recommended video - Billionaire "Bond King" Breaks Down Market Trends: https://youtu.be/QRRwBqwKWz4?EUR
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More
MacroVoices Erik Townsend and Patrick Ceresna welcome Charlie McElligott from Nomura to the show. Charlie says the reflation trade that reversed in April is likely to reverse again, with more reflation still to come. They talk about everything from inflation to bond yields to the market outlook for stocks and other asset classes. And stay tuned for the postgame segment where Patrick has prepared a...Read More
Jordan Roy-Byrne, Founder of The Daily Gold joins me to share a quick update on the gold and copper charts. With base metals continuing to run higher is it possible for investors to start rotating gains into the lagging precious metals markets? We also discuss one red flag that you should be aware of when investing in junior stocks.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member...Read More
Join us for the upcoming rally, "Unite for Peace and to Restore Freedom", at the Crown Gardens in Kingston, New York. May 29th, 2021. If you would like to help out in any way, visit: https://occupypeace.com/product/donat...Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit...Read More
We've only just started to see mainstream media covering silver as an investment - does this mean that Phase 2 of silver's bull run is here? Join Mike Maloney, Jeff Clark and Adam Taggart in today's video to find out.Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook?EUR< Thanks for sharing and clicking that 'Like' button. For those wondering why our videos don'...Read More
New record high in S&P and Nasdaq.New record high in monthly trade deficit.New record high in shipping containers falling off ships into the ocean.Powell not worried about increases in the cost of living.The middle class created labor unions and then like Frankenstein's monster, the unions turned on their creator.Biden's plan to make healthcare more affordable will backfire and make it more expens...Read More
Taken from JRE #1642?EUR< w/Andrew Santino: https://open.spotify.com/episode/0Zgz...?>>?Read More
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More
The London Metal Exchange will announce the results of its discussion paper on market structure on or around June 8 and has not yet made any decisions on the whether to reopen the ring, it said. If the exchange decides to reopen the ring, which temporarily closed in March 2020 due to the Covid-19 pandemic, the earliest possible date would be the end of June, when social distancing criteria are exp...Read More