Flat steel prices for imports into the United Arab Emirates and Saudi Arabia decreased during the week ended Tuesday June 29, but demand was better because of low stock levels, Fastmarkets was told.Some market participants expected flat steel prices to increase because of Russia's recently proposed export duty.Russia will impose a base 15% export duty on 340 metal products, including hot-rolled co...Read More

Domestic prices for hot-rolled coil in Europe remained stable on Tuesday June 29 with trading activity still limited, sources told Fastmarkets.Buyers have been more cautious about making new deals because they have sufficient stocks for the next few months and delivery times from the EU mills for HRC are reaching late 2021. For downstream coil, several producers said they were now sold out for the...Read More

The INK Canadian Insider Index which tracks mid-cap-oriented stocks has been a top performer so far this year. Oil patch stocks have been driving the index higher. Can the good times continue?Running on a full tank of crudeMeanwhile, our insider of the week is a true believer. All this and more in the latest free Insights newsletter. Read More

Hot-rolled coil prices in China's domestic market inched lower on Tuesday June 29 while futures prices reversed earlier gains.DomesticEastern China (Shanghai): 5,390-5,450 yuan ($834-844) per tonne, widening downward by 10 yuan per tonne from 5,400-5,450 yuan. Spot prices edged lower after the most-traded HRC contract on the Shanghai Futures Exchange fell slightly from an earlier high of...Read More

Export prices for steel rebar and wire rod from the Commonwealth of Independent States softened in the week ended Tuesday June 29 with the market under pressure from the introduction of a duty on steel product exports from Russia, as well as the extension of safeguard duties in Europe."The introduction of an export duty in Russia is an unprecedented event, and it will now take time to understand w...Read More

The steel rebar and billet import market in the United Arab Emirates was slow after the country's biggest steel producer announced reduced rebar prices, sources told Fastmarkets on Tuesday June 29.Emirates Steel, the biggest producer in the UAE, decreased its rebar price by 55 dirhams ($14.97) per tonne to 3,012 dirhams per tonne ex-works in effect from June 27.The new rebar price did not improve...Read More

The European steel association (Eurofer) has welcomed the extension of existing safeguard measures because they will continue to protect Europe's domestic steel industry from excessive imports.On June 25, the European Union confirmed there will be a three-year extension of the safeguarding measures on 26 steel products imported into the EU - lasting until June 30, 2024, with quota volumes increasi...Read More

Here are five Fastmarkets MB stories you might have missed on Tuesday June 29 that are worth another look....Read More

Ferrous scrap prices in Mexico's steelmaking regions of Monterrey and Baj?-o were mostly stable week on week while demand remained high, according to several sources.Few changes were reported during the past week, with prices appearing to stabilize at currently high levels. There were reports of some buyers adjusting their prices upward for some grades in the region near the northeastern Monterrey...Read More

Russia has adjusted existing export duties on ferrous scrap, setting duties at 5% with a minimum level of ?,?70 ($83) per tonne, according to the decree signed by the country's prime minister Mikhail Mishustin on June 23.The new regulations will come into force in the 30 days after the decree's publication and will remain in effect for a period of 180 days.Read More

You've been hearing a lot about the Delta variant - how bad is it, and what does it mean for you? And why are Delta "outbreaks" happening in highly vaccinated places like Israel?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 Pea...Read More

In this much anticipated interview, Max Keiser of the Keiser Report - and one of the most recognized names in the crypto space - speaks with our Daniela Cambone. Amidst the Bitcoin price correction, Keiser doubles down on his call for $220,000 by year's end.Max Keiser is a former stockbroker and an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. Ke...Read More

Lior Gantz is watching DXY and Silver for the next move. If DXY falls below 88 and Silver breaks above $29.50 then he is looking for a quick move to the $36 area. It all comes down to the dollar and TIPS.Lior Gantz has been called a thrill-seeking entrepreneur by his team, and as such, he built and runs numerous successful businesses, and has traveled to over 30 countries in the past decade in pur...Read More

Join Mike Maloney and Jeff Clark as they examine the latest news for the economy and precious metals markets. Stick around until the end of the video for some amazing data on silver's purchasing power. Read the full article here: https://goldsilver.com/blog/the-fiat-...Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook Thanks for sharing and clicking that 'Like'...Read More

0:00 Introduction0:57 Gold price commentary4:31 What is driving gold price in the near-term?8:53 What could derail gold's upward move?14:03 Gold & silver about to get irrational to the upside19:17 Silver20:52 What's driving commodity prices?26:59 Fertilizers & grains29:02 Analyzing niche metal markets31:00 Will we see stagflation in U.S.?Analyst Michael Oliver sees $8,000 to $9,000 per ounce gold...Read More

In this episode of Keiser Report, Max and Stacy discuss how the central bank is now warning that the 'transitory' inflation may be around longer than expected. They also remind the audience that Quantitative Easing was also meant to be temporary before it too became permanent. In the second half, they continue the conversation and this time to complain about their taxes going toward paying the lan...Read More

Gerald Celente of https://trendsresearch.com guest hosts The Alex Jones Show to break down why Biden is dropping bombs in the Middle East.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 from the Changes of the 21st Century and publisher of the internationally circulated...Read More

Talking Points From This Week's Episode- Market overview with charts.- Smart money is gradually exiting the broad equity markets.- Expectations for gold and silver in the coming cycle.- Federal Reserve and Transitory Inflation.Time Stamp References:0:00 - Introduction1:03 - Premium Charts3:45 - HUI & Silver5:10 - Equities Price Action8:55 - Melt-Up Phase?10:48 - US Dollar & Gold Equities13:22 - Pr...Read More

Prices for steel billet exports from the Commonwealth of Independent States softened early in the week started Monday June 28 due to a lack of support from buyers.Russian suppliers mostly continued to stay away from the market, with no fresh offers placed yet following news last Friday of the planned introduction of an export duty on steel products from August 1.The duty's base rate will be 15%, w...Read More

Despite the recent pullback, the silver chart remains bullish. The chart pattern shows that people are accumulating silver. "As long as momentum and the accumulation continues," Chris Vermeulen says, "we're going to see this eventually break to the upside." Chris online: https://www.thetechnicaltraders.com0:00 Intro1:15 Dollar rallies, gold falls4:10 Fear in market5:10 Gold chart damage7:49 Multi-...Read More