Ukraine steelmaker Metinvest will increase hot-rolled coil shipments after the start of a new rolling line at its Ilyich Iron and Steel Works in Mariupol, a move that will help the company to regain its share of the global HRC market, Metinvest's sales director Dmitriy Nikolaenko said."With the reconstruction of the Ilyich strip mill we want to regain our share of the global HRC market, and w...Read More

The price of steel wire rod in Europe was largely unchanged this week although increases were expected in light of the price rises seen in the Turkish scrap market since the beginning of October, sources told Fastmarkets on Wednesday November 6.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?430-450 ($477-500) per tonne on Novembe...Read More

The price of steel rebar in the Southern Europe domestic market narrowed upward this week on higher scrap costs since the beginning of October, with further increases expected in the coming weeks, sources told Fastmarkets on Wednesday November 6.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was ?,?455-465 ($505-516) per tonne on Wednes...Read More

The price range for steel rebar in the Northern European domestic market narrowed upward this week with higher ferrous scrap costs in October beginning to be reflected, sources told Fastmarkets on Wednesday November 6.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?465-475 ($517-527) per tonne on November 6, up by ?,?10 per tonne...Read More

A Turkish steel mill purchased a cargo of ferrous scrap material from the United States at broadly stable prices on Wednesday November 6, following the trend seen in several other cargoes purchased earlier this week, sources have told Fastmarkets.A steel mill in the Iskenderun region purchased a US-origin cargo comprising 22,000 tonnes of HMS 1&2 (90:10) at $262 per tonne and 9,000 tonnes of shred...Read More

Mid-grade seaborne iron ore prices were rangebound on Wednesday November 6 amid continued uncertainty in the market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $83.47 per tonne, up $0.17 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $83.29 per tonne, up $0.17 per tonne.62% Fe low-alumina fines, cfr Qingdao: $82.86 per tonne, up $0.17 per tonne.58% Fe fines high-premium, cfr Qi...Read More

Brazil's national mining agency, ANM, has concluded that Vale failed to report anomalies before a deadly disaster breach occurred at a tailings dam in its C??rrego do Feij??o mine in January.ANM published a technical report on Tuesday November 5 in which it said internal documents from Vale showed that the miner was aware of several defects in the tailings dam but did not inform the agency before...Read More

Dave KranzlerThe major stock indices - the Dow, SPX and Nasdaq - have wafted up to all-time highs on a cloud of Central Bank printed money. Interestingly, most of the stocks in all three indices are below to well below their all-time highs. Breadth of the move is shockingly thin. Very few stocks are responsible for pushing the indices higher. The Dow's move last Friday, for instance, was...Read More

- Craig Hemke Last week, we wrote about the pending price correction in COMEX gold and silver due to the extreme level of futures contracts issued by the market-making Banks. With price getting smashed thus far this week, it's time to explain again the dynamics of this tried-and-tested price manipulation technique.First of all, understand that the alchemy of " gold price exposure" was created...Read More

Stewart Thomson, Graceland Updates 1. Gold continues to consolidate with sideways price action after reaching the $1500-$1550 resistance zone.2. Please click here now. Double-click to enlarge. Investor patience is required when the price arrives at a major support or resistance zone like $1500-$1550.3. The good news is that for the current gold market reaction,...Read More

By: Ira EpsteinGold in somewhat of the sideways pattern, but the swingline has turned down now -- does the market have legs to it to the downside?Read More

CIS billet suppliers failed to win deals at desired higher levels set over the past week despite the uptick in scrap prices as customers preferred to refrain from bookings amid slow demand for finished long steel products.Buyers' price ideas did not exceeed $365 pertonne fob Black Sea. Bids from customers in Egypt were heard at $375-380 pertonne cfr, or $355-360 per tonne fob Black Sea, ...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

"I think their thinking is, hey, we are at the end and let's just grab all we can so when the system collapses, we will be okay. That is kind of a crude way of putting it, but I think they are going for broke because they know it is broke, and there is not much they can do about it." G. Edward Griffin is an American film producer, author, and political lecturer. He is best known as the author of T...Read More

In this video we analyze the potential impact the breakout in the stock market will have on gold & the gold stocks. We draw a few conclusions.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor,...Read More

"No policy disagreement with him, no matter how heartfelt, justifies undermining the lawful authority that is vested in his office by the Constitution...What's at stake is not PresidentContinue...Read More

The Fed would like you to believe that there's nothing to see here. Just a seasonal blip and there's no reason to be concerned. Dave believes there's something far more profound taking place. Could all the credit bubbles be getting ready to pop? Is there major bank asset deterioration taking place? It's not just the debt, it's all the derivatives that are wrapped up around the debt. If the underly...Read More

The swine flu epidemic in China has reached a new phase. Chinese are now switching from pork to chicken. Currently there's a Chinese Embargo on the importation of US chicken products, which will probably be lifted shortly. Egg demand is also increasing dramatically. Which leads to the question, which will they run out of first, the chickens or the eggs? Ned recommends a number of companies that wi...Read More

China's rebar futures rose again on Wednesday November 6 amid bullish sentiment following a cutin loan rates by the country's central bank at the start of the week, which pushed up spot rebar prices. Eastern China (Shanghai): 3,720-3,750 yuan ($532-536) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,640-3,660 yuan per tonne, narrowed upward by 10 yuan per tonnesThe People's Bank o...Read More

It happened. Hallelujah. Or maybe better: Watch Out! The yield curve, after having been at least partially inverted all year, un-inverted today.Continue...Read More