Domestic prices for hot-rolled coil in Northern Europe moved slightly upward day on day on Thursday July 9, and the steelmakers were insisting that there will be further price rises, sources have told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?404.29 ($456.93) per tonne on Thursday, up by just ?,?0.29 per tonne from ?,?404.00 per...Read More
The European construction industry has reported different levels of operational strength across various countries, with some projects reported as cancelled or postponed, putting pressure on demand for long steel products, sources have told Fastmarkets.For long steel products such as beams, hollow sections, rebar and wire rod, construction is a key sector for demand. With the Covid-19 pandemic and...Read More
Domestic rebar prices decreased in Egypt over the week to Thursday, July 9 due to the lower priced offers and deals heard, sources told Fastmarkets.Egyptian rebar producers were offering rebar at E ?9,200-9,700 ($573-604) per tonne ex-works including 14% VAT this week, down from E ?9,200-10,100 per tonne ex-works previously, with deals made at E ?9,200-9,680 per tonne ex-works including 14% VAT, s...Read More
The Turkish domestic long steel markets have continued to suffer from weak demand over the past week, with buyers expecting further decreases in prices, sources said on Thursday July 9.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was unchanged week on week at 3,350-3,400 lira ($488-495) per tonne on Thursday, including 18% VAT.The mills in the...Read More
Here are five Fastmarkets stories you might have missed on Thursday July 9 that are worth another look.In light of the recent turmoil in the oil market, the Fastmarkets research team has closely examined the correlations between the price of oil and the prices for ferrous scrap and finished steel products, to discover nuanced relationships and their changes over time.South Africa's government has...Read More
The Turkish deep-sea ferrous scrap import market remained quiet, with mills in the country holding back from purchasing due to weak finished long steel sales, sources said on Thursday July 9.Turkish steel producers booked five deep-sea cargoes late last week, totalling around 140,000 tonnes.But the mills then went quiet in the deep-sea market at the beginning of this week after failing to sel...Read More
RambusTonight I would like to finish up with the long term secular bull market we discussed in the Weekend Report for the US stock markets. Long term secular bull markets just don't begin and end for no good reason. There has to be a catalyst that drives the markets higher over a long period of time.When the previous secular bull market began at the 1974 bear market low no one could have imagine...Read More
Dave Kranzler, Mining Stock JournalThe monetary "gods" at the Federal Reserve have created the perfect monetary policy recipe to fuel gold, silver and mining stocks to new all-time highs and beyond. While the bubbleheads in the financial media have been garishly cheerleading the general stock market as it heads to an extreme overvaluation that will not end well, the mining stocks have outperform...Read More
Ira EpsteinGold in a vertical price rise, resistance at the upper Bollinger band:Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.In a webinar we conducted on Asian ferro alloys, our research team discussed the Chinese authorities' announcing some major infrastructure investments that will increase demand for steel and steel raw materials, including iron ore. Our research shows that the recent infrastructure investment announcements are equal to about...Read More
As we covered in a recent video, herd immunity is getting to look like a more elusive goal than originally hoped. In fact, we are now seeing convincing evidence of people contracting covid-19 more than once. If indeed the case, that suggests we may never be able to reach herd immunity. In today's video, Chris talks with the spouse of a patient still recovering from a second case of covid-19. Heari...Read More
Is there still any place left to put down stakes without overbearing governmental intrusion and theft through taxes? And what are our chances of surviving and thriving through the imminent banking collapse and currency crisis?Legendary Speculator and author Doug Casey, International Man and founder of Casey Research, returns to Liberty and Finance / Reluctant Peppers to give us advance insights fr...Read More
For Part 1 of this interview, CLICK HEREJust when you didn't need another reason to think that gold and silver were going to rise, Andrew Maguire of Kinesis Money reports that Goldman Sachs has started loading up on gold. Goldman appears on the recent COMEX delivery report, and in the interview Maguire talks about why they are buying, as well as the massive amounts of silver that are being demande...Read More
In this week's episode of System Update, host Glenn Greenwald takes a thorough look at what happens in congress when the public isn't looking, helping make sense of how the US keeps it's endless war machine perpetually running.Glenn Greenwald is one of three co-founding editors of The Intercept. He is a journalist, constitutional lawyer, and author of four New York Times best-selling books on poli...Read More
Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More
Jason Burack and George Gammon discuss what's really happening in CHINA (Is is a house of cards), Ron Paul's Fed AUDIT, and markets. They also discuss Jason's "tug o war" theory with the US dollar: What will eventually play out, inflation or deflation? George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, Georg...Read More
For Part 2 of this interview, CLICK HERELast week the shocking news was that on the first day of the COMEX July silver delivery period, JP Morgan posted 30 million ounces of silver for delivery. Now, Andrew Maguire of Kinesis Money, who's been a key witness in the Departmen to fJustice investigation, reports that JP Morgan was told to by the DOJ to reduce its silver position as they negotiate a se...Read More
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One hour webinar with Professor Stephen Roach...Stephen S. Roach, former Chairman of Morgan Stanley Asia and the firm's chief economist, is a senior fellow at Yale University's Jackson Institute of Global Affairs and a senior lecturer at Yale's School of Management. He the author, most recently, of Unbalanced: The Codependency of America and China and Stephen Roach on the Next Asia: Opportunities...Read More