Recent News

EGYPT STEEL BILLET, REBAR: Billet import price dips on unimproved demand

June 26, 2020 / www.metalbulletin.com

The billet import price decreased in Egypt because of lower offers and bids in the week to Thursday June 25, sources told Fastmarkets. CIS-origin billet was offered this week at $395-400 per tonne cfr, and buyers believed $375-380 per tonne cfr may be a "workable" price for the material. No deals were heard in the assessment period because of weak rebar consumption. As a result, Fastmarkets' weekl...Read More

TURKEY LONG STEEL: Domestic prices down on weak demand

June 26, 2020 / www.metalbulletin.com

Turkish domestic long steel prices have fallen over the past week due to soft demand, sources said on Thursday June 25.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 3,350-3,470 lira ($488-506) per tonne on Thursday, down from last week's 3,460-3,480 lira per tonne.The mills...Read More

IN CASE YOU MISSED IT: 5 key stories from June 25

June 26, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Thursday June 25 that are worth another look.Striking workers have put all industrial action at Tata Steel IJmuiden on hold until Friday June 26 to negotiate with management, Dutch trade union FNV Metaal said this week.Demand for copper in Europe is weak and economies are struggling to restart after coronavirus-related lockdowns, forcing c...Read More

DAILY STEEL SCRAP REPORT: Lower prices revive interest in deep-sea scrap

June 26, 2020 / www.metalbulletin.com

Turkish steel producers returned to the deep-sea scrap market on Thursday June 25, attracted by lower prices, sources told Fastmarkets.A steel mill in the Osmaniye region booked a 27,500-tonne US cargo, comprising HMS 1&2 (80:20) at $261 per tonne, shredded at $266 per tonne and bonus scrap at $271 per tonne cfr. The cargo's composition was not clear at the time of publication.The previo...Read More

RESEARCH: Key takeaways from the latest Steel Raw Materials Market Tracker

June 26, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.The recent announcement about Vale's resumption of operations in Brazil, along with new concerns about a slump in demand because of heavy rainfall in China, has resulted in the end of the iron ore price rally. There has also been pressure from tight steel spreads, with the operating margins for Chinese steel mills shrinking...Read More

Covid-19: Is The Worst Behind Us?

June 26, 2020 / marketsanity.com

Data is increasingly suggesting that the first wave of covid-19 in a country (or state) is the worst. The most people get infected during that initial period, as expected with a virus with an R0 this high. Many US states are still in their first waves, especially those in the South and West seeing re-surging infections. The battle there remains focused on preventing things from getting out of cont...Read More

Mike Maloney & Brent Johnson: Trading the Dollar Milkshake Theory & $5000 Gold

June 26, 2020 / marketsanity.com

We've had many requests for Mike Maloney's opinion on Brent Johnson's 'Dollar Milkshake Theory', so we decided to go one better - a conversation between Mike and Brent covering the dollar, gold, and their expectations for the economy in general. Don't miss this 25 minute clip, it is packed with very useful information. Find Brent at santiagocapital.com.?>>?Michael Maloney is a precious metals inve...Read More

Michael Krieger: How Coronavirus Exposed the "Shaky Foundation"

June 26, 2020 / marketsanity.com

*This interview was recorded on March 28, 2020What happens when an upheaval so massive forces financial markets, governments, and society to rethink how our systems work? Michael Krieger, author of the Liberty Blitzkrieg, joins Real Vision to explain what coronavirus and the response to the outbreak has revealed about the condition of American systems - from financial markets to the health care sy...Read More

THE GAME HAS CHANGED: Will the Current Melt-Up Lead to a Massive Melt-Down?

June 26, 2020 / marketsanity.com

For the first time since the Great Depression, both advanced and emerging economies are going into recession in 2020. In this video Lynette shows you what economist just said the dollar could decline at "Warp Speed". Then she breaks down what you need to know about both the "Trickle Down" and the "Trickle Up" theories, along with the 4 biggest changes that should influence every choice you make fr...Read More

Danielle DiMartino Booth: The Fed is preparing to buy stocks soon

June 26, 2020 / marketsanity.com

Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More

John Mauldin and Yra Harris on the Trends in the Economy and the Financial Markets

June 26, 2020 / marketsanity.com

http://financialrepressionauthority.c...John Mauldin is a renowned financial expert, a New York Times best-selling author, a pioneering online commentator, and the publisher one of the first publications to provide investors with free, unbiased information and guidance, Thoughts from the Frontline-the most widely read investment newsletter in the world. Each week, well over a million readers turn...Read More

Mohamed El-Erian 'not comfortable' buying stocks just because the Fed is buying everything in sight

June 26, 2020 / marketsanity.com

Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" to discuss Wednesday's market plunge as well as the prospects for an economic and financial recovery from the coronavirus crisis.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one...Read More

G. Edward Griffin on Silver & The JFK Silver Certificates (Part 2/2)

June 26, 2020 / marketsanity.com

For Part 1 of this interview, CLICK HEREG. Edward Griffin talks about his thoughts on the silver market, what really happened with JFK and the silver certificates, and how people can actually respond to the wild events they see taking place around them.G. Edward Griffin is an American film producer, author, and political lecturer. He is best known as the author of The Creature from Jekyll Island:...Read More

Your iPhone has a hidden feature to track everywhere you go - here's how to turn it off

June 26, 2020 / marketsanity.com

The little-known feature is buried deep within your iPhone settings, and shows your exact movements over the past few months.Continue...Read More

We left Libya in ruins. Now, it's the perfect safe haven for terrorists just like Afghanistan in the 1990s

June 26, 2020 / marketsanity.com

Just as Afghanistan became a safe haven for terrorists in the 1990s, though a hell-hole for its people, Libya has gone the same way.Indeed, it has become the perfect laboratory - and one located close to Europe - for indoctrination and terrorist training. With so many Libyans engaged in fighting each other, the terror groups can hole up in camps far from any police or state control.Continue...Read More

Greg Mannarino: The Third And FINAL PHASE Is Here... ALL WILL CHANGE

June 26, 2020 / marketsanity.com

"This whole scamdemic has been a deliberate way to cull small businesses to allow the merger to complete itself between corporations and...this New World Order."Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical de...Read More

Rubino: We've Been Here Before - And It Ended With An Epic Crash

June 26, 2020 / marketsanity.com

Wolf Richter just published some charts that, for anyone with a sense of stock market history, are pretty ominous. It seems that the major market indexes that recently soared Continue...Read More

Martin Armstrong: The 2020 Election Will Be The Most Corrupt in American History

June 26, 2020 / marketsanity.com

The election of 2020 is going to be the most corrupt, manipulated, and outright fraudulent election in American history. There is a lot at stake. This is a major effort by Marxists to take control. Continue...Read More

TURKEY STEEL BILLET: Prices down on weak demand

June 26, 2020 / www.metalbulletin.com

Turkish billet prices have gone down over the past week because of poor demand and expectations of a downturn in the price for scrap feedstock, market sources said on Thursday June 25.Fastmarkets' weekly price assessment for steel billet, import, cfr main port Turkey, was $380-385 per tonne on Thursday, down from last week's $385-395 per tonne.Billet producers in the Commonwealth of Independent St...Read More

Texas pauses reopening as hospitals inundated with 'explosion' of COVID-19 cases

June 26, 2020 / marketsanity.com

"The last thing we want to do as a state is go backwards and close down businesses." "This temporary pause will help our state corral the spread until we can safely enter the next phase of opening our state for business."Continue...Read More

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