Domestic prices for hot-rolled coil (HRC) in Europe decreased over the week due to limited demand, sources told Fastmarkets.Market participants believe, however, that prices have already reached "bottom" and although demand will not allow to increase prices they are likely to remain stable.Northern EuropeFastmarkets' weekly price assessment for steel HRC, domestic, exw Northern Europe, was ?,?415-...Read More
Fastmarkets proposes to increase the frequency of its steel hot-rolled coil domestic Northern Europe price from weekly to daily, and to change the price from an assessment to an index. HRC production in Belgium, Germany and Netherlands is estimated to have totalled 36.1 million tonnes in 2018, or 44% of the EU HRC output, according to Fastmarkets MB research. Northern Europe is the hub of the Euro...Read More
Brazilian steelmaker Gerdau will make a maintenance stoppage at its Ara??ariguama unit, located in the southeastern state of S??o Paulo, during December, which market participants believe could help boost the domestic rebar price.The plant has capacity to produce 950,000 tonne per year (tpy) of crude steel, and has a 600,000-tpy rolling capacity, Gerdau said. The company expects the maintenance st...Read More
Export prices of rebar from Turkey have decreased over the past week, because of weak demand and deals heard at low prices, sources said on Thursday October 31. The country's mills are offering rebar for export at $410-430 per tonne fob on an actual weight basis, compared with last week's $410-420 per tonne. Deals were heard to Africa and several other destinations at $409-410 per tonne...Read More
The price for steel rebar in Egypt decreased in the week ended Thursday October 31, but the import price for steel billet was stable, sources told Fastmarkets. Egyptian rebar producers reduced their domestic prices on October 9. However, several deals were heard at lower prices this week. Official prices of producers were E ?10,400-10,900 ($643-674) per tonne ex-works including 14% VAT. Sales were...Read More
Turkish steel mills continued to stay away from the deep-sea scrap market on Thursday October 31, with market participants contemplating a possible change in direction in the coming weeks, sources told Fastmarkets.With no new cargoes booked market participants were uncertain of whether the next bookings would be at similar or even higher prices.One market participant said that demand for scrap was...Read More
Seaborne iron ore prices weakened on Thursday October 31 amid losses in the derivatives markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $85.97 per tonne, down $1.16 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $85.79 per tonne, down $1.16 per tonne.62% Fe low-alumina fines, cfr Qingdao: $84.63 per tonne, down $0.97 per tonne.58% Fe fines high-premium, cfr Qingdao: $7...Read More
By: Ira EpsteinGold bears in a trap? They are under the pressure on the outside day out. The battle ground in gold is seen..Read More
CIS billet producers failed to pass on higher prices to customers this week as demand in the major destinations was weak, Fastmarkets learned on Thursday October 31.CIS-origin billet was offered within the range of $380-385 per tonne fob Black Sea. The material was mainly heard available from Russian mills, particularly Novorosmetal and Abinsk Electric Steel mill, which can ship material quickly a...Read More
*This interview was first released on 10/24/19Harry 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 accura...Read More
Jimmy Dore highlights a recent David Stockman appearance on Fox Business (Oct. 28, 2019)David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner...Read More
Negative interest rate policy is pushing markets into the never-before-seen territory. Bert Dohmen joins Robert to discuss the risks of this policy, and how you can navigate these uncharted waters.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan List's Life-to-Date Sales fr...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More
"We deny the claims of the lawsuit and are prepared to defend our case in court." Continue...Read More
"Those three fractures are extremely unusual in suicidal hangings and could occur much more commonly in homicidal strangulation." Continue...Read More
I just hate it when I have to admit that I was dead wrong about something as important as calling for a major crash in October. Perhaps a little whining would make it go down easier.Continue...Read More
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time...Read More
David Moadel is a trader and investor of stocks and options. A former elementary school teacher, David has a master's degree in education and a unique ability to convey knowledge in the area of finance. He has coached many people and likes to combine fundamental and technical analysis to help people find their own trading style.Read More
Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on topics ran...Read More
"We should have lower interest rates than Germany, Japan and all others. We are now, by far, the biggest and strongest Country, but the Fed puts us at a competitive disadvantage. China is not our problem, the Federal Reserve is! We will win anyway."Continue...Read More