Prices for steel rebar in Russia's Central Federal District around Moscow narrowed upward over the latest assessment week because producers were insisting on higher levels for September, sources told Fastmarkets on Monday August 31.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 37,000-37,500 roubles ($499-506) per tonne on September 1, inc...Read More
China's domestic rebar prices were flat on Tuesday September 1 amid a tempered outlook for the market after a major mill kept its ex-works prices stable for early September.Domestic Eastern China (Shanghai): 3,670-3,700 yuan ($536-540) per tonne, unchangedShagang, a major rebar producer in eastern China, rolled over its list price of 3,900 yuan per tonne for rebar booked in the September 1-10 peri...Read More
Brazilian iron ore exports totaled 31.33 million tonnes in August, down by 7.4% from 33.82 million tonnes a year earlier, the country's ministry of economy said on Tuesday September 1.Part of the decrease was explained by August having 21 working days in 2020 versus 22 working days in the same month last year. Daily average exports were 1.49 million tonnes, down by 2.96% from 1.54 million tonnes i...Read More
Ferrous scrap prices in Mexico were mostly unchanged in the week ended Friday August 28 amid steady demand, particularly in the country's central region.No major price changes were announced, with some market participants still adjusting to price increases in earlier weeks.Fastmarkets' assessment of steel scrap No1 busheling, consumer buying price, delivered mill Bajio was at 5,950 pesos per...Read More
Turkish steel mills extended their silence in the deep-sea scrap import market after booking a number of cargoes in the last week, sources said on Tuesday September 1.Six deep-sea cargoes totaling around 220,000 tonnes were booked by Turkish steelmakers from various sources at strengthening prices during the week to Friday August 28.The most recent deep-sea deal - booked on August 26 - put the pri...Read More
The price for steel rebar imported into the United Arab Emirates increased this week because of high production costs, market sources said on Tuesday September 1.Domestic rebarSince August 17, rebar producers in the UAE have been offering the material at 1,800-1,830 dirhams ($490-498) per tonne ex-works for orders to be produced in September, and deals were heard during the week at 1,730-1,800 dir...Read More
Extensive discuss with Craig Hemke a/k/a Turd Ferguson. It's all about negative real interest rates. The Fed can under no means allow interest rates to rise. This means that as inflation kicks up, real interest rates will turn decidedly negative, maybe by as much as 300 to 400 basis points. When was the last time we saw anything like that? In the late 1970's-1980's, when gold hit it's then all tim...Read More
This week I am joined by Danielle DiMartino Booth. Former investment banker, Dallas Federal Reserve Advisor, Author of "Fed Up" and financial expert and commentator on economic trends, Danielle provides context to federal action, what's going on in the economy and educates on the perils of the path we are taking.Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a rese...Read More
E. B. Tucker from Metalla Royalty and author of the book "Why Gold, Why Now," joins Elijah K. Johnson on the Miles Franklin Market Update.Why gold, why now? Gold is simple, Tucker says. Gold doesn't depend on any third party for its value.During the COVID-19 pandemic, the value of the amount of COVID-19 stimulus around the world is about the same as all the gold in the world. "Gold is your safe ha...Read More
First-time guest Lobo Tiggre, founder of IndependentSpeculator.com, joins Liberty and Finance to offer his view of the political, economic, and financial times we are hurtling through. Lobo draws a sharp distinction between how monetary metals (gold & silver) will fare vs. industrial & commodity metals and other natural resources. Lobo also answers viewers' questions about:- safe countries to relo...Read More
South African manganese alloys producer Transalloys has declared force majeure after a fire at its plant in the country on August 22 that severely impacted the raw material handling system feeding its five furnaces, it was revealed over the weekend. No personnel were injured in the fire, the company said. The precise length of the force majeure is unclear at this stage, with the restoration of ful...Read More
The latest data for the global manganese ore market for the week ended September 1, 2020.Read More
Brazilian iron ore exports totaled 31.33 million tonnes in August, down by 7.4% from 33.82 million tonnes a year earlier, the country's ministry of economy said on Tuesday September 1.Part of the decrease was explained by August having 21 working days in 2020 versus 22 working days in the same month last year. Daily average exports were 1.49 million tonnes, down by 2.96% from 1.54 million tonnes i...Read More
ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on Tuesday September 1. The decision to bring the capacities back is connected to the relining of a BF at ArcelorMittal Gent in Belgium, the company said. ArcelorMittal Fos-sur-Mer The company will resume operations at BF No1 at Fos-sur-Mer plant in t...Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 1 that are worth another look.ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on September 1.Zinc concentrate treatment charges...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:Prices across most ferro-alloy markets trended stable to lower in August as demand remained subdued in major markets, apart from China where steel output continues to rise at a rapid pace, supporting demand for ferro-alloys. As alloy makers seek to remedy supply/demand imbalan...Read More
Aluminium premiums in Europe and Asia rose on Tuesday September 1 due to improving fundamentals and a consistently wide contango on the London Metal Exchange, while the premium in the United States fell ahead of a national holiday next week. Stronger demand and a wide contango help to boost premiums in EuropeHigher fourth-quarter premiums and domestic demand support increases i...Read More
Brazilian iron ore exports totaled 31.33 million tonnes in August, down by 7.4% from 33.82 million tonnes a year earlier, the country's ministry of economy said on Tuesday September 1.Part of the decrease was explained by August having 21 working days in 2020 versus 22 working days in the same month last year. Daily average exports were 1.49 million tonnes, down by 2.96% from 1.54 million tonnes i...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 1 that are worth another look.ArcelorMittal is preparing to restart two blast furnaces at its Asturias plant in Spain and Fos-sur-Mer plant in France this month, the company said on September 1.Zinc concentrate treatment charges...Read More