Now under the leadership of Tom Wendt Jr, the family owned and operated Wendt Corp has served the scrap metal recycling industry for over 40 years. Bette Kovach asks him about the growth of the business founded by his father, now chairman, in 1977 and company strategy to supply ever more demanding markets.Wendt CorpWhile still in high school, Tom Wendt accompanied his father, Thomas Wendt Sr, to a...Read More

For over a century, there's been one sector that has completely dominated the energy market: electricity.And it looks set to dominate for another hundred years.The global energy system is under transition. Finite and polluting energy resources are being replaced with new sources and solutions.But the demand for the electricity those new sources produce is ever-growing.According to a new report by...Read More

Large-scale cobalt supply from recycled electric vehicle (EV) batteries is yet to come, Tiger Pan, vice general manager of GEM Co Ltd, told Fastmarkets in a recent interview. Shenzhen-headquartered battery materials producer GEM has established 16 recycling industrial parks in over 10 provinces in China. The company recycles about 5,000 tonnes per year of cobalt, and about 10,000 tpy of nickel. In...Read More

Weeks of slow spot buying from consumers comfortable working with low stock levels has brought cheaper offers into the spot cobalt market so far in November. Competitive negotiations for 2020 long-term contracts, macroeconomic concerns and cautiousness around the pace and timing of an uptick in cobalt usage by the battery sector have also created more reserved sentiment, market sources told Fastma...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. After its 3.9% run-up over the prior two weeks, the INK CIN added a further 15.2 points or 1.3% to close at 1158.71, achieving a new 52-week closing high.RSI rose 8% or 6.2 points to strike 80 on the button. MACD fell 2 points to 3.6.Support moves up to 1140 and 1150. Resistance rises to...Read More

Export prices for hot-rolled and cold-rolled coil from the Commonwealth of Independent States have increased in line with the global uptrend, sources told Fastmarkets on Monday November 18.Fastmarkets' price assessment for steel HRC, export, fob Black Sea, CIS, was $390-405 per tonne on November 18, up from $375-385 per tonne fob a week ago.Several sales of Russia-origin material were made to Turk...Read More

Hot-rolled coil prices in Asia continued to gain last week, forcing buyers to restock after several months of hesitation. Fastmarkets' assessment for steel HRC import, cfr Vietnam, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $443-445 per tonne cfr for the week ending Monday November 18, up $5-13 per tonne from a week earlier.India...Read More

China's hot-rolled coil prices regained more upward momentum on Monday November 18 on a drop in supply.DomesticEastern China (Shanghai): 3,610-3,630 yuan ($515-518) per tonne, up 20-30 yuan per tonneNorthern China (Tangshan): 3,570 yuan per tonne, up 10 yuan per tonneTrading activity in both northern and eastern China remained robust during the day, with buyers still restocking amid short supply,...Read More

More rebar producers in Egypt have increased their prices with effect from Sunday November 17, following the moves of other mills that announced higher prices last week, Fastmarkets has learnt.Egyptian rebar producer Garhy Steel is now offering rebar at E ?10,000 ($619) per tonne ex-works, up from the previous E ?9,600 per tonne ex-works, including 14% VAT.El Marakby Steel's rebar price is now E ?...Read More

Import prices for rebar sold into Singapore maintained their upward trend in over the past week amid China's strengthening market.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $430-435 per tonne on Monday November 18, up $5-10 per tonne from a week earlier.Qatari r...Read More

China's domestic rebar prices increased further on Monday November 18 amid low inventories, though participants were less optimistic about the market due to softening demand. Eastern China (Shanghai): 3,940-3,970 yuan ($562-566) per tonne, up 70-80 yuan per tonne Northern China (Beijing): 3,720-3,750 yuan per tonne, up 20-30 yuan per tonneLow stock levels in the spot market continued to provide up...Read More

By: Robert LambourneIts statement of account for October shows that the Bank for International Settlements continues actively trading in gold swaps. The BIS uses gold swaps and other gold derivatives to gain access to gold held by commercial banks. Recent swap levels remain much lower than they were in the second half of 2018, although the level of swaps as of October 31, an estimated 186 tonnes...Read More

StrengthsThe best performing metal this week was silver, up 1.02 percent on little news. Gold traders and analysts were mostly bullish on their outlooks for gold next week despite lower prices. Fifty-three percent of respondents were bullish in the weekly Bloomberg survey. Serbia bought nine tonnes of gold in October and the metal now accounts for 10 percent of the nation's foreign reserves. Ser...Read More

Turkish scrap import prices have increased once again on news of a European cargo being sold at the beginning of the week, although mills were still worried about soft demand for finished long steel products, sources said on Monday November 18.A steel mill in the Iskenderun region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (75:25), 7,500 tonnes of a mixture of HMS 1 and plate and...Read More

Jeff Snider and Erik discuss:Markets grinding to new all-time highs on relief that the recession scare is now over and forgotten.History teaches us it's not over, but widespread complacency that it is typifies this point in the cycleEveryone is assuming that a trade deal will "fix everything". Jeff says that belief is misplaced as well.?>>?Read More

Craig Hemke, founder of TFMetals Report, returns to confirm the admissions and warnings that are leaking out from global banking leaders that we are entering a global financial crisis.Link to Financial Times article on ECB President Christine Lagarde's statements on jobs vs. savingshttps://www.ft.com/content/eb8dae8c-f...Link to The Guardian Article "World economy is sleepwalking into a new financ...Read More

Max talks to Dr. Michael Hudson of michael-hudson.com about repo markets, national debt, China, trade wars, and more.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and markets on London's Resonance FM, and writes for The Huffington Post. Keiser invented "Virtual Specialist Technology," a sof...Read More

Domestic auto bundle scrap prices in Turkey have increased in line with rising imported scrap values, with local ship scrap prices expected to follow soon, sources said on Monday November 18.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was 1,455-1,640 Turkish lira ($253-286) per tonne on Monday, up from 1,455-1,560 lira per tonne last week.Th...Read More

Protestors in Hong Kong have begun using bows and arrows to fight for their freedom. Continue...Read More

Even though you can't purchase high-capacity magazines in Colorado you can easily get the pieces to build one yourself.Continue...Read More