Domestic prices for hot-rolled coil have moved upward in Northern Europe, supported by a lack of competitive import offers and a slow revival of demand, sources told Fastmarkets on Wednesday July 15.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was calculated at ?,?405.43 ($461.00) per tonne on Wednesday, up by ?,?2.43 per tonne from ?,?403.00 per tonne on July 14....Read More

"Throw out the old rulebook," advises Christophe Ollari, founder of Ollari Consulting. In a Real Vision interview Tuesday, he makes the case that we have entered a period of no turning back for central banks. He argues that normalization will not be possible, and I agree. We were assuming as much when we suggested in our market report Monday that we were approaching a period of helicopter money....Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 15 that are worth another look.Polish coking coal miner Jastrzebska Sp??lka Weglowa (JSW) is looking for financial aid to support operations badly affected by the Covid-19 pandemic, the company said on Wednesday July 15.Part of the Nchanga copper mine in Zambia collapsed during the morning of July 15, as operator Konkola Cop...Read More

The price of steel H-beams in Europe was unchanged week on week on Wednesday July 15, with the market slowing ahead of the traditional summer lull, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?520-550 ($591-625) per tonne on Wednesday, unchanged week on week.Producers have been pushing for price increases of ?,?20 pe...Read More

The price of hollow steel sections in Northern Europe remained unchanged on Wednesday July 15 with the seasonal summer slowdown beginning, sources have told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?540-560 ($614-638) per tonne on Wednesday, unchanged week on week.The market was described as quiet this week, with some market...Read More

Here are five Fastmarkets stories you might have missed on Wednesday July 15 that are worth another look.Polish coking coal miner Jastrzebska Sp??lka Weglowa (JSW) is looking for financial aid to support operations badly affected by the Covid-19 pandemic, the company said on Wednesday July 15.Part of the Nchanga copper mine in Zambia collapsed during the morning of July 15, as operator Konkola Cop...Read More

Seaborne iron ore prices observed rangebound movements on Wednesday July 15 amid uncertainty surrounding the near-term demand on steel because of the flooding caused by heavy rainfalls in southern China.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $112.30 per tonne, down $0.18 per tonne.62% Fe low-alumina fines, cfr Qingdao: $114.11 per tonne, down $0.15 per tonne.58% Fe fines high-grad...Read More

Prices for bulk cargoes of Japan-origin scrap have increased over the past week on strong demand from buyers in South Korea, Taiwan and Vietnam, market participants told Fastmarkets on Wednesday July 15.Fastmarkets' price assessment for steel scrap H2, export, fob main port Japan, was ?23,000-23,500 ($214-219) per tonne on Wednesday, up by ?500 per tonne week on week.One cargo of Japanese H2 scr...Read More

Steel traders in China have defaulted on contracts to supply their customers with some 200,000 tonnes of July-delivery Tangshan-origin steel billet as a result of high spot prices, industry sources told Fastmarkets this week.Buyers affected by the defaults have had to seek out cargoes in the spot market to meet their immediate needs, they said."Buyers can buy seaborne cargoes that will arrive in C...Read More

Craig HemkeThere was a time when the total U.S. fiscal deficit and debt seemed to matter. Apparently, that time has passed.Oh, my goodness. The good old days. I'm old enough to remember 2009 and all the rage about "exploding deficits" and "stealing our children's future". Heck, I even flew a Gadsden Flag for a while and attended a "Tea Party" rally near my home.Back then, as the U.S. struggled t...Read More

Keith Weiner, Monetary MetalsOne of our colleagues recently wrote an open letter to Ted Butler. The point was that Monetary Metals gold leasing is a different kind of activity than what is called "gold leasing" in the institutional bullion market. We make it possible for gold owners to lease their metal to gold-using businesses, and thereby earn interest in gold. Today, I want to discuss someth...Read More

Gold will break free from the recent consolidation phase and form a new range. Silver is bullish. Copper and crude oil are in a neutral zone to bullish zone. Better to remain on the sidelines today. A weaker US dollar will ensure that all metals rise before close. Trump has ended special status to Hongkong. (to me Hongkong is a part of China just like Palestine belongs to Palestinians and not to...Read More

Bob Moriarty of 321gold profiles a company that is about to begin a drill program on its silver project in Mexico. No one else has said this and it's either because they don't see it or don't understand it but when the Central Banks around the world declare war on their currencies, they are going to win that war. For all practical purposes, the Fed has issued a double your money back guarantee fo...Read More

This Raymond James report discusses why the firm believes MAG Silver "is one of the better options for investors looking for exposure to silver." In a July 9 research report, analyst Brian MacArthur reported that Raymond James resumed coverage on MAG Silver Corp. (MAG:TSX; MAG:NYSE A) with an Outperform rating and a CA$22 per share target price. The company's current stock price is CA$20.53 per s...Read More

The price of hollow steel sections in Northern Europe remained unchanged on Wednesday July 15 with the seasonal summer slowdown beginning, sources have told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?540-560 ($614-638) per tonne on Wednesday, unchanged week on week.The market was described as quiet this week, with some market...Read More

LONDON, 12 July 2020 - Comment and data from BullionVault feature heavily today in a report on the rising price of gold in The Observer, the world's longest-running Sunday newspaper.Now part of the Guardian Media Group, "Basically gold does well when other stuff does badly in the historical sweep of things," says The Observer, quoting Adrian Ash, director of research."BullionVault has reported a r...Read More

LONDON, 12 July 2020 - The Sunday Times today reports a surge in demand for gold at BullionVault, making its clients' holdings larger than most central banks gold in reserve.The UK's best-selling 'quality' Sunday paper, "Net inflows between March and June of 4.5 tonnes, worth ?195 million, beat the previous four-month record in the autumn of 2011," says The Times."[BullionVault] is now holding a...Read More

LONDON, 30 June 2020 - Finance news, views, data and ratings site Trustnet today publishes an exclusive article from BullionVault's director of research Adrian Ash, pointing to a possible surge in demand for - and the price of - silver."While gold has been grabbing the 'safe haven' headlines so far in 2020," writes Adrian, "the world's other once monetary metal has also seen record investment infl...Read More

LONDON, 11 June 2020 - Comment and analysis from BullionVault features today in a report on how the Covid Crisis has affected the global gold market from the Wall Street Journal, the US financial newspaper of record.With the number of flights between the trading hubs of London and New York shrinking dramatically thanks to lockdowns and a collapse in passenger demand, "the disruption could erode Ne...Read More

LONDON, 7 June 2020 - The dreadful Coronavirus Pandemic has spurred a jump in the number of people wanting to invest in gold, silver and platinum, reports today's Mail on Sunday - the UK's best-selling 'mid-market' newspaper - quoting data from BullionVault.This surge comes "despite a tail-off in the price of all three metals in the past couple of weeks," says the paper's personal finance editor J...Read More