Cobalt sellers successfully held out for higher prices last week, despite a fairly limited uptick in consumer demand after the summer break. Fastmarkets' benchmark price assessment for standard-grade cobalt stood at $16.80-17.50 per lb, in whs Rotterdam on Friday September 6, narrowing upward by 15 cents per lb from $16.65-17.50 per lb on September 4. Alloy-grade cobalt prices were assessed at $17...Read More

The export markets for hot-rolled coil and cold-rolled coil (HRC, CRC) from the Commonwealth of Independent States (CIS) fell during the week ended Monday September 9 on weak domestic markets in customers' home regions, sources told Fastmarkets.Fastmarkets' price assessment for steel HRC, export, fob Black Sea, CIS, was $430-438 per tonne on Monday September 9, down from $450-460 per tonne a week...Read More

The price trend for hot-rolled coil in Asia remains uncertain for many market participants given price rebounds in China but continued bearish sentiment in the key import market of Vietnam.Fastmarkets' steel HRC import, cfr Vietnam assessment, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $457-465 per tonne cfr for the week ending M...Read More

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index saw its newfound momentum snowball as it continued its rally 14.8 points or 1.3% to finish at 1113.08.MACD added 1.87 points to move to 5.54. RSI increased 6.8 points or 12.6% to 60.48.Support moves up to 1087 (20-day moving average) and 1103 (50-day moving average)....Read More

China's hot-rolled coil prices strengthened on Monday September 9, with sentiment lifted by the central bank's announcement of a rate cut last Friday.DomesticEastern China (Shanghai): 3,690-3,710 yuan ($518-521) per tonne, up 40 yuan per tonneNorthern China (Tangshan): 3,620-3,630 yuan per tonne, up 20 yuan per tonneSpot prices gained amid surging futures, which responded to the People's Bank of C...Read More

The prices of rebar and wire rod exported from the Commonwealth of Independent States (CIS) continued to decline in the week to Monday September 9, under pressure from weak demand in the major sales outlets as well as growing competition with Turkish suppliers.Indications of offers from CIS mills, particularly from Belarus, were reported at $420 per tonne fob Black Sea.But bids for CIS rebar from...Read More

Turkish rebar is set to become more competitive in the Singapore import market again due to falling scrap prices.The weekly Fastmarkets price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $460-470 per tonne for the week to Monday September 9, falling by $5 per tonne from a week earlier.Mark...Read More

China's rebar prices increased in both the domestic and export markets on Monday September 9 after the country's central bank unveiled plans ahead of the weekend to increase liquidity to shore up the Chinese economy. Domestic Eastern China (Shanghai): 3,650-3,680 yuan ($512-516) per tonne, up 30 yuan per tonneNorthern China (Beijing): 3,650-3,680 yuan per tonne, up 20 per tonneThe People's Bank of...Read More

Domestic scrap prices in the Turkish market have gone down over the past week amid falling imported scrap values, sources said on Monday September 9.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,445-1,650 ($252-288) per tonne on Monday, down from last week's TRY1,520-1,770 per tonne.This downward movement in the weekly assessment came...Read More

The Turkish steel mills held back from the deep-sea scrap markets at the beginning of the week, expecting further prices decreases, sources said on Monday September 9.Four deep-sea bookings were made last week, at prices which pushed down the daily scrap indices by more than $18 per tonne.Three bookings on September 3 lowered prices by $12.30 per tonne day on day. On September 5, prices dropped by...Read More

Seaborne iron ore prices rose strongly above $90 per tonne cfr China on Monday September 9, reflecting gains in the futures and steel markets after the Chinese government boosted liquidity in the commercial banking sector.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $92.97 per tonne, up $3.92 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.36 per tonne, up $3.92 per tonn...Read More

Import prices for steel slab in Southeast Asia and East Asia have fallen for a third consecutive week amid a downturn in the global steel markets that has damped buying interest for slab, market sources told Fastmarkets on Monday September 9.Buyers were likely to take a wait-and-see approach amid expectations that prices will fall, a trader in Indonesia said.Fastmarkets' weekly price assessment fo...Read More

Sept. 6th, 2019(S14-E712)Featured GuestsJohn Williams& Arch CrawfordNote: Guest order via seniority.Please Listen HereInterview Recap.John Williams of Shadowstats.com returns to the show with a disruptive economic forecast.Shadowstats.com's analysis mirrors the work of Boston University Economist, Professor Kotlikoff.The nation may be facing a solvency crisis if long-term obligations continue...Read More

China's rebar prices increased in both the domestic and export markets on Monday September 9 after the country's central bank unveiled plans ahead of the weekend to increase liquidity to shore up the Chinese economy. Domestic Eastern China (Shanghai): 3,650-3,680 yuan ($512-516) per tonne, up 30 yuan per tonneNorthern China (Beijing): 3,650-3,680 yuan per tonne, up 20 per tonneThe People's Bank of...Read More

TOPICS IN THIS INTERVIEW:02:35 A financial experiment GONE WRONG!06:20 Gold & Silver's price trend reflecting Government's stupidity10:30 An unpredictable bubble with Gold and mining stocks incoming!17:50 The best ways to capitalize on a Silver price power surge21:20 Central Banks prepping for the unthinkable with Gold27:05 The biggest transfer of wealth for those who are prepared!Bob Moriarty is...Read More

The University-Corporate-Financial Complex is going to squeal.Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a l...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

A new Twitter war between model Chrissy Teigan and President Trump caught national attention when Teigan used multiple expletives and complained that he didn't tag her in a tweet aimed at her husband, musician John Legend. Meanwhile, Daniel McAdams, executive director of the Ron Paul Institute, was just banned from Twitter for using the word "retarded." McAdams joins In Question to discuss tech ce...Read More

For whatever reason, these people have been promoting that the cities will all sink and we are the cause of it all. They have been touting this scenario since theContinue...Read More

Robert Shiller, professor of economics at Yale University, discusses the U.S.-China trade war, the economy, consumer spending and the U.S. housing market.Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of Management's International Center for Finance. Mr. Shill...Read More