The latest forecasts from Fastmarkets' team of analysts are ready to view.US flat-rolled prices began to recover in August, as we expected. The monthly average of our daily HRC index hit $473 per ton ($521/tonne), which was $3/t above our forecast.The upward momentum has since continued and has done so more quickly than we expected - sentiment has turned around dramatically on fundamental developm...Read More
The cost of imported steel rebar and billet in the United Arab Emirates increased this week, following on from last week's rise in the price of local rebar, sources told Fastmarkets on Tuesday September 22.Domestic rebarSince September 15, the country's biggest producer, Emirates Steel, has been offering rebar at 1,936 dirhams ($527) per tonne ex-works for orders to be produced in October and Cona...Read More
Crude steel output in Italy increased by 9.69% year-on-year in August 2020, due to local steelmakers taking summer stoppages that were shorter than usual because of the Covid-19 lockdown measures in March-April, Italian steel association Federacciai said on Tuesday September 22.The country's crude steel production amounted to 939,000 tonnes in August, up from 856,000 tonnes in the corresponding mo...Read More
Steel producers in Turkey extended their absence from the deep-sea scrap markets again amid weak finished steel demand, sources said on Tuesday September 22.The country's steel mills have been holding back from the deep-sea trade since September 9, when the most recent cargoes were booked at prices around $301 per tonne cfr on an HMS 1&2 (80:20) basis.Offer levels for similar material then rose to...Read More
The mood in the CIS export billet market has become downbeat in the second half of September, amid a lack of purchasing interest on the customers' side.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $411 per tonne on Tuesday September 22, down by $1 per tonne day on day.Offers from mills were scarce, varying within the range of $415-420 per tonne fob Black Sea. Sellers refe...Read More
The recent uptrend in the CIS export steel slab market persisted in the week to Monday September 21, driven by demand in Turkey, Fastmarkets has learnt.The weekly price assessment for steel slab, export, fob Black Sea, CIS, was $460-472 per tonne on September 22, up from $460-465 per tonne week on week.A cargo of Ukraine-origin slab was heard sold to the Middle Eastern country at slightly above $4...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.US flat-rolled prices began to recover in August, as we expected. The monthly average of our daily HRC index hit $473 per ton ($521/tonne), which was $3/t above our forecast.The upward momentum has since continued and has done so more quickly than we expected - sentiment has turned around dramatically on fundamental developm...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 22 that are worth another look.Swiss stainless steelmaker Schmolz + Bickenbach has had its proposal to change the company name approved by shareholders, it said in a press release on Monday September 21.Read More
Is 'triple digit silver' inevitable? How could the price ever go that high? Join Mike Maloney and his guest Keith Neumeyer for an in-depth look at the silver market, and why they both believe that silver is the most undervalued asset on the planet. This is Part One of a two-part discussion, make sure you are subscribed so that you don't miss Part Two (coming soon).Keith Neumeyer is the president a...Read More
Questions from Today's Show:Stone Ezel - Hello Ms. Zang I've come to admire your great knowledge. Will the currency pertain to world currencies revaluing and having a level playing field against the US dollar? Thank you and God Bless your family.Matt Ruth - Enjoy your videos. Have a question regarding what you said about the government not allowing us to convert gold into usd. What does that do to...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.Lior Gantz has been called a thrill-seeking entrepreneur by his team,...Read More
For Part 1 of this interview, CLICK HEREMax continues his interview with Dr. Michael Hudson of michael-hudson.com about 'super-imperialism' and its decline.Michael Hudson is an American economist, Professor of Economics at the University of Missouri-Kansas City and a researcher at the Levy Economics Institute at Bard College, former Wall Street analyst, political consultant, commentator and journa...Read More
Topics:Everything gets slammed.Chart looking weak for the Dow and Russell, strong for silver.Bloom coming off the rose of economic recovery.Political tensions rise with death of Ruth Bader Ginsburg.US government is the biggest threat to America, not terrorists or COVID.Fiscal stimulus requires monetary stimulus.The constitution has to be applied, not interpreted.Peter Schiff is an internationally...Read More
1. The NASDAQ 100 (QQQ) rebounded yesterday afternoon from the sharp sell off that started on September 2nd. Many of the cloud software stocks (IGV) lead the tech heavy NASDAQ 100 into positive territory. There is a lot of chatter that Europe will be locking down again due to a second wave of the coronavirus. So many of these cloud software stocks surged on this news.2. The election is just 41 day...Read More
Fastmarkets is proposing to introduce fallback measures to its two Chinese vanadium fob price assessments amid a significant drop in spot liquidity in China's vanadium export market.Since the second half of 2019, Chinese exporters' interest in shipping vanadium products abroad has been stifled because Chinese prices have been much higher than their European counterparts, which has persisted so far...Read More
This week on System Update, Glenn Greenwald talks to Shant Mesrobian, formerly with the Obama 2008 campaign and current co-host of 'The Backchannel', about the disdain establishment liberals and mainstream journalists express for Joe Rogan, and how his platform has been growing in importance despite this.Glenn Greenwald is one of three co-founding editors of The Intercept. He is a journalist, cons...Read More
"It is beyond doubt that the CCP actively engaged in a cover-up designed to obfuscate data, hide relevant public health information, and suppress doctors and journalists who attempted to warn the world," Continue...Read More
I have written many times before that they selected Bush Jr. deliberately because he had the name to win, but I was told he was "stupid" and they "needed" qualified people around him. Continue...Read More
Klaus Schwab needs to answer why the World Economic Forum sold all its stocks and bonds ahead of everyone else. Schwab has exploited this virus within weeks, launching his vision for the Great Reset. Continue...Read More
Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason's work at his blog website at www.jasonburack.c...Read More