Today on TruNews, Gerald Celente, the founder of Trends Research Institute, joins the program to discuss how the world may be facing a new economic 9/11 through an explosion of global debt, rising oil prices, and a new world war. Gerald details why peace was a dirty word in the 2018 midterms, why the rise of nationalism in Europe means the beginning of the end of the EU, and how a new SWIFT financ...Read More
Special steelmaker Voestalpine attributed an 11% fall in its earnings for the first half of 2018 to continuing global trade conflicts, it said late last week.The Austrian company reported a decline of 11.2% in earnings before interest, taxes, depreciation and amortization (Ebitda) over April-September 2018, the first half of its financial year, to ?,?860 million ($969 million). This compared with...Read More
Vanadium prices will find a much higher base than their 2015 lows when they inevitably fall, due to a structural shift in the global vanadium market, according to Amy Bennett, principal consultant at Fastmarkets MB. "Ferro-vanadium will not stay above $100 per kg for eternity [and] at some point there will be less of a panic to get material," delegates heard at Fastmarkets' 34th International Ferr...Read More
Prices for hollow steel sections in Northern Europe were flat this week amid stable market conditions, Fastmarkets heard on Wednesday November 14.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was ?,?640-660 ($720-743) per tonne delivered on November 14, unchanged week on week.Last week, hollow section prices widened by ?,?10 pe...Read More
Turkish steel pipe export prices continued to weaken amid limited interest for the material in the country's major export markets, sources said on Wednesday November 14.Steel pipe producers in Turkey were offering 2mm wall thickness EN10219-standard, grade-S235 tube at around $600-610 per tonne fob, compared with last month's offers at $640-650 per tonne.Fastmarkets' monthly...Read More
Martin LovePosted Nov 13, 2018An Iranian friend, a photographer known internationally for fine documentary work, asked plaintively last week when the U.S. might stop trying to sink Iran and Iranians. I had no ready answer, but the question was painful to hear because I could also hear concern, grief and empathy for others.No question the re-imposition of extreme sanctions is damaging, particularly...Read More
Special steelmaker Voestalpine attributed an 11% fall in its earnings for the first half of 2018 to continuing global trade conflicts, it said late last week.The Austrian company reported a decline of 11.2% in earnings before interest, taxes, depreciation and amortization (Ebitda) over April-September 2018, the first half of its financial year, to ?,?860 million ($969 million). This compared with...Read More
Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama slipped 1% month on month in October, according to the latest data from major Japanese trading house Marubeni Corp. The data, which was published on Wednesday November 14, also shows that total aluminium stocks at the three ports came to 317,300 tonnes at the end of last month. On a y...Read More
Domestic prices for hot-rolled coil (HRC) are down over the past week in Southern Europe, sources told Fastmarkets on Wednesday November 14.The decrease was the result of slow trading and competitive import offers from Turkey, market participants said.Southern EuropeFastmarkets' domestic price assessment for HRC in Southern Europe was ?,?480-525 ($540-591) per tonne ex-works on November 14, down f...Read More
European prices for mesh-quality wire rod rose across the Northern and Southern parts of the continent on Wednesday November 14, with the volume available in the EU's import quota continuing to go down.Fastmarkets' weekly domestic price assessments for mesh-quality wire rod in both Southern and Northern Europe narrowed upward to ?,?540-560 ($608-630) per tonne delivered on Wednesday, from ?,?535-5...Read More
Nickel premiums in China, the United States and Europe remained unchanged over the week amid limited activity, an unstable import window in Shanghai and participants' absence from the market. An open but unstable import window kept premiums in Shanghai flat Subdued activity in the US nickel market maintains premiums European nickel market quiet with long-term in focusShanghai nickel premiums uncha...Read More
The latest news and price moves to start the Asian day on Thursday November 15.Base metal prices on the London Metal Exchange were predominantly higher at the close of trading on Wednesday November 14, boosted by a steady rebound in global benchmark crude oil futures and a marginal retreat in the United States' dollar index. Read more in our live futures report.Here are how prices looked at the cl...Read More
The latest metal markets news and price moves to start the North American day on Wednesday November 14. Base metals on the London Metal Exchange were mostly lower during morning trading, with prices weakened by a prolonged sell-off in crude oil markets while continued strength in the US dollar index increased downward pressure. Falling by just under 1% over the morning, the three-month nickel...Read More
Good morning from Fastmarkets MB's offices in Asia as we bring you the latest news and pricing stories on Wednesday November 14.Base metals prices on the Shanghai Futures Exchange weakened during Asian morning trading on Wednesday, with the release of lackluster Chinese data failing to offset the downward pressure being exerted by a strong dollar.Check Fastmarkets MB's live futures report here.Opt...Read More
Primary aluminium stocks at the three main Japanese ports (MJP) of Osaka, Nagoya and Yokohama slipped 1% month on month in October, according to the latest data from major Japanese trading house Marubeni Corp. The data, which was published on Wednesday November 14, also shows that total aluminium stocks at the three ports came to 317,300 tonnes at the end of last month. On a y...Read More
Nickel premiums in China, the United States and Europe remained unchanged over the week amid limited activity, an unstable import window in Shanghai and participants' absence from the market. An open but unstable import window kept premiums in Shanghai flat Subdued activity in the US nickel market maintains premiums European nickel market quiet with long-term in focusShanghai nickel premiums uncha...Read More
Base metals prices on the London Metal Exchange were predominantly higher at the close of trading on Wednesday November 14, boosted by a steady rebound in global benchmark crude oil futures and a marginal retreat in the dollar index.Following a decline in the oil price this morning due to increasing concerns over a global slowdown economic growth, it bounced 1.47% over the course of the...Read More
* Jump in supply comes as demand outlook weakens* OPEC+ discuss supply cut of up to 1.4 million bpd -sources* POLL-U.S. crude stockpile likely up for eighth week* U.S. crude oil stocks rise sharply, climbing 8.8 mln bbls-API (Adds API data, Breakingviews item in related content field)By Devika Krishna KumarNEW YORK, Nov 14 (Reuters) - Oil rose about 1 percent on Wednesday, recouping some of the pr...Read More
NEW DELHI, Nov 14 (Reuters) - India's finance ministry wants the Reserve Bank of India (RBI) to address credit and liquidity related issues at its board meeting scheduled for Nov. 19, Indian TV channels reported on Wednesday, citing unidentified sources.The central bank and the government have been at loggerheads in recent weeks as the government ramps up pressure on the regulator to relax lending...Read More
* Indian rupee rises to its highest since Sept. 21* India 10-year bond yield falls to lowest since Aug. 2* Local elections, cenbank-govt rift to cap large gains - dealers (Updates to add details, background, quotes)By Suvashree ChoudhuryMUMBAI, Nov 14 (Reuters) - The Indian rupee and bonds gained in early trade on Wednesday, boosted by a fall in global oil prices and on the central bank's announce...Read More