Crude steel output in Germany increased by 14.8% year on year in November, marking the second consecutive month of growth, German steel federation WV Stahl said on Friday December 18. In November, German crude steel production totaled 3.38 million tonnes, up from 2.94 million tonnes in the corresponding period of 2019. But this growth was against a weak comparison basis last year, WV Stahl said. O...Read More
Domestic steel rebar prices in Poland continued to move up on daily basis in the week to Friday December 18 on limited availability, good buying and surging scrap costs, sources told Fastmarkets....Read More
Crude steel output in Italy moved up by 3.17% year on year in November 2020 despite a drop in flat steel production, Italian steel association Federacciai said on December 17.The country's crude steel production amounted to 2.05 million tonnes in November, up from 1.99 million tonnes in the corresponding month of 2019.Flat steel output, meanwhile, dropped by 7.43% year on year to 810,000 tonnes in...Read More
Steel scrap prices have risen again across all major consumer markets over the past week, driven by solid demand and constrained supplies.Turkish import scrap prices hit an eight-year high after new bookings confirmed Recent US export scrap sales shrouded in secrecy Vietnamese scrap prices buoyed by strong Japan market Taiwanese import market hits historical high India prices jump on difficult mar...Read More
Deals for Brazil-origin pig iron boosted the US import pig iron price by 6.8% in the week to Friday December 18. Fastmarkets' price for pig iron, import, cfr Gulf of Mexico, US to $495-520 per tonne on Friday, up from $470-480 per tonne a week earlier. Two deals on pig iron with February and March shipment were done at about $495-500 per tonne early this week. Another Brazil-origin...Read More
Turkish deep-sea scrap import prices continued to increase on Friday December 18, with two fresh shipments coming to light from the previous day, sources told Fastmarkets.Late on Thursday December 17, a steel producer in the northern Turkey booked a Baltic Sea cargo, comprising 13,500 tonnes of HMS 1&2 (80:20) at $450 per tonne, 14,000 tonnes of shredded at $460 per tonne, 3,000 tonnes of bonus al...Read More
Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identifying and studying demographic, technological, and geopolitical trends. He has a free daily newsletter at www.harrydent.com called "Survive and Prosper." Mr. Dent accurately predicted Japan's collapse in 1989, the d...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
I know, that's impossible and vaccines are the answer. Well, vaccines will probably work, but are months away for widespread distribution. We can actually shut down transmission in....... five days.Yes, that's the science.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 i...Read More
Harley Schlanger's work can be found at LaRouchePAC.com and The Schiller Institute.Read More
Democrats and Republicans publicly argue and bicker with one another. Outwardly, there is conflict. But when it comes to expanding the power of government in every direction, there couldn't be more harmony between them. The growth of state power and destruction of individual liberty is a bipartisan affair laced with endless lies. Word of another "stimulus" is in the headlines, with the stated inte...Read More
In this latest (12 minute) MAM-Chat, Egon von Greyerz and Matthew Piepenburg follow the trail from debt disasters and corporate bond bubbles to Bitcoin speculation vs. physical gold as the only true instrument of wealth preservation.Egon opens with the omni-important and omni present topic of global debt risk. Such evolving risk, in fact, is what prompted Egon to form Matterhorn Asset Management.M...Read More
"Have a vaccine and a smile. Just do it." "Twitter is censoring any claim that this vaccine might be used to 'control populations,'" Carlson Continue...Read More
This is looking more and more like a deliberate effort to reduce the population and ushering in Communism 3.0.Continue...Read More
"Poses a grave risk to the Federal Government and state, local, tribal, and territorial governments as well as critical infrastructure entities and other private sector organizations."Continue...Read More
$10,000 gold price would mean the end of the financial system, as we know it. Peter Hug, Global Trading Director of Kitco Metals, talks about likely scenarios for inflation, the economy, gold, and silver for 2021.0:00 - Gold price action5:37 - Fiscal stimulus7:45 - Silver price outlook12:15 - Gold price growth in 202014:45 - Buy gold now?18:00 - What $10,000 gold means for economy Peter Hug has be...Read More
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.Known primarily by his nickname "Turd Ferguson," Craig Hemke is the founder and editor of the popular TF Metals Report blog and podcast, covering precious metals, the financia...Read More
The Critical Investor examines the latest news from Avrupa Minerals, noting drill results are expected in January 2021 With a second wave of COVID-19 in full swing now across the globe, Avrupa Minerals Ltd. (AVU:TSX.V; AVPMF:OTC; 8AM:FSE) has finally commenced drilling at its flagship copper-zinc Alvalade project in Portugal, which is operated together with joint venture (JV) partner MATSA (joine...Read More
Global mining and metals company Rio Tinto and Japanese steelmaker Nippon Steel Corp have signed a Memorandum of Understanding (MoU) to jointly explore and develop technologies to transition to a low-carbon emission steel value chain, the companies said in a press release on Tuesday December 15. Both companies have the shared goal of significantly reducing carbon emissions across the entire steel...Read More
Usiminas increased its output and domestic sales volumes over the past 45 days from first-quarter and 2019 volumes, the Brazil-based flat steel producer said in a filing to Brazilian securities and exchange commission CVM.It produced 533,000 tonnes of rolled steel between November 1 and December 15, or around 11,800 tonnes per day, up by 0.2% from the daily average in January-March this year and b...Read More