Domestic prices for hot-rolled coil in Europe were expected to continue to rise, supported by long lead times and reduced output from EU mills as well as a lack of import offers, sources told Fastmarkets on Tuesday September 8.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?467.95 ($553.32) per tonne on Tuesday, up by ?,?0.56 per tonne day on day...Read More
Fastmarkets is extending the consultation period for discontinuation of four steel-sector price assessments in Argentina following a long period of low liquidity and an inactive spot market.The prices proposed for discontinuation are as follows:- MB-STE-0003 Steel hot-rolled coil, monthly assessment, domestic, exw Argentina, $ per tonne- MB-STE-0001 Steel cold-rolled coil, monthly assessment, dome...Read More
CIS-based producers of steel wire rod and rebar have continued to raise their offer prices for foreign customers, with support from rising raw materials costs and finished long steel prices in competitors' markets, particularly Turkey, as well as a supportive domestic market in Russia.Demand in the major outlets has not, however, been strong enough to drive full acceptance of the new round of pric...Read More
The price of steel rebar imported to the United Arab Emirates increased this week because of high production costs, market sources said on Tuesday September 8.Domestic rebarSince August 17, producers in the UAE have been offering rebar at 1,800-1,830 dirhams ($490-498) per tonne ex-works for September production, with deals heard over the past week at 1,730...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 8 that are worth another look.Japanese blast furnace (BF)-based steel mills have been using more scrap in their basic oxygen furnaces in recent weeks due to a rise in steel production and high costs for iron ore, market participants told...Read More
Ferrous scrap prices in Mexico rose during the week ended Friday September 4, with most steelmakers announcing widespread increases in buying prices amid steady demand and a positive trend in markets in the United States.Price gains were reported across all grades both in the region near northern Monterrey city and in the central Bajio region, although the amount of the increases va...Read More
?>>?Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse and stock market correction years in advance, Chris rose to prominence with the...Read More
Turkish steel producers continued their deep-sea scrap purchases with support from firm demand for long steel products in the country, sources said on Tuesday September 8.A steel mill in the Marmara region booked a Baltic Sea cargo, comprising HMS 1&2 (80:20) at $302 per tonne, shredded at $307 per tonne and bonus at $312 per tonne cfr late on September 7.The cargo breakdown was not yet fixed by t...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
Sure enough we came back from the Labor Day Weekend Holiday and gold was down, but then it did an upside reversal and it's up nearly $12 per ounce. Just like Craig Hemke said it would. And the reasons are quite clear, real interests rate which have been negative are getting even more negative, with no end in sight. But according to Craig, if you're a precious metals investor or mining stock invest...Read More
Links to Slides and Sources: https://www.itmtrading.com/blog/infla...Maria A.4 days ago-Besides gold and silver, how do you prepare for hyperinflation?Canyon Amarys3 days ago-How does gold protect you from deflation?Kel Warn4 days ago-What's to stop the FED pumping the gold price down while buying out all the physical at the other end, to use as the reserve value for their digital dollar?Joyce Koc...Read More
The crazy stock market rally since the March lows has received all the media headlines, but what about real estate? What impact is the coronavirus having on that market?One of the most successful real estate investors we know, Ken McElroy, says that covid-19 is accelerating and exacerbating a bust cycle that was already in the making. He predicts massive upheaval in 2021.Full description and comme...Read More
http://financialrepressionauthority.c...Charles Hugh Smith writes the Of Two Minds blog which covers an eclectic range of timely topics: finance, housing, Asia, energy, long-term trends, social issues, health/diet/fitness and sustainability. From its humble beginnings in May 2005, Of Two Minds now attracts some 200,000 visits a month. Charles also contributes to AOL's Daily Finance site and has wr...Read More
The Federal Reserve has been managing the economy through "monetary manipulation," causing malinvestment, and the over-accumulation of debt, said former congressman Ron Paul.The end result is an overinflated stock market that could see a "violent correction", as well as a monetary system on the brink of collapse, Paul said."I happen to believe it's the biggest financial bubble in the history of mo...Read More
Rather than confining our youth for a cold that might not even spread in its asymptomatic form, perhaps its time to start confiningContinue...Read More
A woman was dragged off a Spanish beach in cuffs by hazmat-clad cops after surfing while infected with coronavirus.Continue...Read More
Bob Moriarty of 321gold highlights six of his favorite stocks that he owns and treasures as an insurance against financial chaos.Continue...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
Unless Trump wins by such a large vote that it cannot be discredited, the Democrats' coup against Trump and American democracy will succeed.Continue...Read More
Most people have no idea that there was major civil unrest under the pretense of the Bonus Army just as we now have under Black Lives Matter (BLM) where there were covert groups Continue...Read More