Domestic prices for hot-rolled coil in Northern Europe went down day on day on Friday May 29 due to poor demand.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?400.71 ($442.31) per tonne on Friday, down by ?,?6.17 per tonne day on day from ?,?406.88 per tonne ex-works on Thursday.Friday's index was calculated based on deals and "workable" prices heard at ?,?39...Read More
The export price for hot-rolled coil from India has fallen by $10-25 per tonne with mills booking large tonnages to China and South-East Asian countries.The price of steel HRC (commodity), export, fob main port India, was assessed by Fastmarkets at $395-415 per tonne on Friday May 29, down from last week's assessment at $420-425 per tonne.Market participants have attributed the fall in price to...Read More
The United States will continue its anti-dumping and countervailing duty investigations into imports of pre-stressed concrete steel wire strand from 14 countries and the island of Taiwan, according to an announcement by the US International Trade Commission (ITC)."The United States International Trade Commission... determined that there is a reasonable indication that a US industry is materia...Read More
Both domestic and imported steel beam prices in the United States were unchanged in May on persistent lower demand. Fastmarkets' monthly price assessment for steel beams 8 x 8-inch, fob mill US held at $35.25 per hundredweight ($705 per short ton) on Thursday May 28; the price fell to that level on April 30 after remaining at $36.50 per cwt since January 30.Fastmarkets' monthly price assessment fo...Read More
ArcelorMittal plans to restart production at its mill in Bosnia, while Italy's AFV Beltrame puts one plant on pause and Acciai Terni Speciali cuts output in the week ended Friday May 29.ArcelorMittal restarted operations in the hot zone at its Zenica plant in Bosnia this week, and plans to re-open the rolling mills in June.The company also said that its Omarska mine near Prijedor, which supplies t...Read More
The Turkish steel producers resumed their deep-sea scrap purchases after the post-Ramadan holiday break with prices going up, while demand in Asia was also firm during the working week ended Friday May 29.Turkish steel mills booked six deep-sea cargoes at higher pricesUS exporters are working to fill sales from both West and East CoastsImport scrap prices in Vietnam rise, outlook unclearTight supp...Read More
The market for pig iron in the United States improved during the week ended Friday May 29, with suppliers bullish amid continued demand and higher prices in China.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was $310-312 per tonne on Friday, up from $305-310 per tonne a week before. "Our next deals will be at a higher level [than the previous purchase a...Read More
Jim Rogers is a well-respected and much sought after market commentator and public speaker with a deep commitment to free markets. Lynette and Jim discuss what is happening with the global economy and what Jim is doing personally to protect his wealth.*There are some issues with the audio in this interview but you can still hear the majority of it. Lynette Zang has held the position of Chief Marke...Read More
Gerald Celente of the Trends Journal gives an explosive interview on a range of topics, including the massive government failures in handling the COVID-19 outbreak, some alarming statistics about the virus that the legacy media are ignoring, and offers some incredibly valuable advice on what people should be doing to prepare for what he calls the greatest depression. Gerald Celente is a pioneer tr...Read More
Today's interview is with Charles Hugh Smith. Charles talks COVID-19 in Hawaii and how the island is handling it. The discussion then branches off into centralization, the central banks and how the people have the ability to change everything when faced with disastrous situations. Charles explains how the event has revealed the agenda of certain individuals, how the economic system does not functi...Read More
Sprott Money News ? Sprott Money News Weekly Wrap-up - 5.29.20Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipie...Read More
Today Bob Hoye joins us on RTD to share his thoughts on the economy. During this interview Bob lays out an interesting explanation using prior historical events that illustrate why the current economic bubbles have already burst. The policy response to the coronavirus reassures the holders of metals that higher prices are on the way. Bob Hoye is a trained geologist, successful resource investor an...Read More
It keeps getting better. Japan announces a $1.1 trillion bailout plan, which equals 40 percent of their GDP. The EU just announced an $826 billion liquidity plan. Lufthansa gets $10 billion bailout offer but doesn't like the strings that came with it. Economies around the world are starting to reopen. Korea is having issues. In the US and elsewhere things are going pretty well. No vaccine or cure...Read More
Jason talks about Stephanie Pomboy of Macro Mavens wondering recently why gold prices are are not well above $1700/oz given the current state of the global economy and the policy responses by central banks & governments. The answer why is that a lot of paper price manipulation and rules changes have occurred in the last 8-9 weeks since the last week of March 2020 to prevent gold prices for going a...Read More
Man, with the major pandemic and economic risks we all have to deal with, it's so frustrating to have to waste time and energy addressing the plague of crap 'science' being dumped on us on a daily basis. It's so unnecessary. Our society knows how to do science well. But due to Big Pharma protecting its profits, or political agendas, or whatever the reasons may be - we are not getting rigorous trus...Read More
David Stockman explains why the lockdown is hurting 95% of Americans. David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the au...Read More
"It's about time some heavily armed rednecks stood with fellow citizens."Read More
Authorities plead for calm as angry protests continue in Minneapolis over the widely publicized killing of George Floyd after his violent arrest. Former Minnesota Gov. Jesse Ventura joins Rick Sanchez to share his insights. He says that the protests constitute a "no-win situation" for officials. He argues that white people cannot understand the dangers facing over-policed black Americans. Jesse Ve...Read More
Each new bailout strengthens the case for history's go-to safe-haven asset, gold. This explains why, in the midst of a potential tsunami of deflationary defaults, the gold price is now at record levels Continue...Read More
Harley Schlanger's work can be found at LaRouchePAC.com.Read More