The United States is uniquely positioned to keep a leadership role in energy independence while it transitions to a low-carbon footprint, the chief executive officer of Enertopia Corp (ENRT) has said.According to Robert McAllister, the large landmass of the United States is ideal for wind-power generation and for high solar isolation, a requirement for peak solar photovoltaics production.These geo...Read More

Here are five Fastmarkets stories you might have missed on Thursday May 21 that are worth another look.The recently opened anti-dumping investigation into Turkish exports of hot-rolled coil to the EU fails to comply with the principles of the Customs Union and Free Trade Agreements between Turkey and the European Commission (EC), the Turkish Steel Producers' Association (TCUD) told Fastmarkets on...Read More

Domestic prices for hot-rolled coil in Northern Europe have moved down slightly due to poor trading activity, sources told Fastmarkets on Thursday May 21.Fastmarkets' daily steel hot-rolled coil index, domestic, exw Northern Europe, was ?,?409.17 ($448.48) per tonne on Thursday, down by ?,?0.83 per tonne from ?,?410 per tonne on Wednesday.Thursday's index was calculated based on "workable" prices...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.US flat product prices outperformed our expectations over the past month. In an attempt to lend the market confidence that sheet prices had reached a floor, US steel mills announced price increases of $50-60 per ton at the end of April. In the announcement, mills cited the expectation of higher scrap prices, tight domestic s...Read More

Turkish rebar and wire rod export prices remained firm over the past week, despite some lower-priced rebar sales to Asia, sources said on Thursday May 21.Two steel mills were heard to have sold a combined total of 100,000 tonnes of rebar at $390 per tonne fob on an actual-weight basis to Hong Kong. Turkish steel mills, however, were trying to keep their prices firm...Read More

ArcelorMittal has temporarily stopped operations at its steel mill in Bosnia while Sweden's SSAB has decided to extend layoffs at some of its productions assets in the week to Thursday May 21.The decisions were made in a response to a drastic decline in steel demand across Europe due to the effects of the Covid-19 pandemic.ArcelorMittalArcelorMittal decided to stop production at its Zenica plant f...Read More

Demand for imported steel billet and domestic steel reinforcing bar (rebar) in Egypt remained weak in the seven days to Thursday May 21, but billet import prices increased because of higher offers, sources told Fastmarkets.No improvement in demand is expected any time soon, sources said, due to the Islamic holy month of Ramadan and the Covid-19 pandemic.In addition, Egypt's president, Abdel F...Read More

Turkish steel producers resumed their deep-sea scrap bookings as expected on Thursday May 21, but prices rapidly increased because of the improving demand, sources told Fastmarkets.A steel mill in the Iskenderun region booked a US cargo, comprising 20,000 tonnes of HMS 1&2 (95:5) at $254.50 per tonne, 7,000 tonnes of shredded at $257.50 per tonne and 3,000 tonnes of bonus at $262.50 per tonne cfr....Read More

Trading activity in the Bangladesh import ferrous scrap market has ground to a halt in a week that has featured the continued Ramadan lull and the emergence of category-2 Cyclone Amphan over the country, market participants told Fastmarkets on Thursday May 21."No deals have been done recently. The market is very quiet because we are going into a long holiday for the eid festival," one South Asian...Read More

Seaborne iron ore prices rebounded on Thursday May 21 with active trading driven by improving steel production and demand, despite renewed concerns over supplies from Brazil. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $98.26 per tonne, up $1.31 per tonne. 62% Fe low-alumina fines, cfr Qingdao: $101.63 per tonne, up $2.09 per tonne. 58% Fe fines high-grade premium, cfr Q...Read More

Turkish billet prices increased over the past week in line with rising prices in the Commonwealth of Independent States (CIS) region, sources said on Thursday May 21.Suppliers in the CIS region managed to secure some billet export sales to China, which have supported prices over the past week.Therefore, offers...Read More

CIS exporters of steel billet have continued to enjoy strong demand from China over the week to Thursday May 21. Suppliers have been concentrating most of their efforts on this market recently because Chinese customers have been paying the highest prices.Around 40,000 tonnes of Ukraine-origin billet scheduled for shipment in July were reported sold to China at $393 per tonne cfr, equivalent to $36...Read More

China's domestic rebar prices were flat on Thursday May 21, with both buyers and sellers taking a wait-and-see approach to the market following the start of an annual meeting of policymakers in Beijing.Domestic Eastern China (Shanghai): 3,560-3,590 yuan ($501-506) per tonne, unchangedThe Chinese People's Political Consultative Conference started its annual meeting on Thursday afternoon while that...Read More

Here are five Fastmarkets stories you might have missed on Thursday May 21 that are worth another look.The recently opened anti-dumping investigation into Turkish exports of hot-rolled coil to the EU fails to comply with the principles of the Customs Union and Free Trade Agreements between Turkey and the European Commission (EC), the Turkish Steel Producers' Association (TCUD) told Fastmarkets on...Read More

Alex Jones says he recently spoke with Joe Rogan about his decision to move his podcast to Spotify. According to Jones, Joe finally had enough of YouTube's censorship tactics and decided to move on from the platform in the name of liberty and free speech. Jones says the ultimate breaking point for Joe came after he was told not to interview doctors whose views on covid-19 differentiated from the m...Read More

Topics:*New Book under development on the Pandemic and Depression*Why Scientists without expert knowledge of the economy may not be the best source for determining economic policy*Why discernment of the various views of scientists with opposing views on how to deal with Coronavirus is important*Unemployment Claims have exceeded 38m in the US*There has never been a time when the stock market does n...Read More

Join Hedgeye CEO Keith McCullough and Danielle DiMartino Booth, former Fed advisor and Chief Strategist at Quill Intelligence, in this pro-to-pro investing discussion about the current market environment.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...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

Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 2008. He is the author of eight books, including the New York Times bestsellers The Revolution: A Manifesto and End The Fed. An unwavering defender of the US Constitution, Paul has been an advocate of sound money, personal liberty, free markets, and international peace throughout his political career...Read More

Jordan Roy-Byrne looks at the gold, silver, and GDX charts. He discusses the multi-year resistance levels that all are closing in on. Also a couple comments on the type of stocks that are moving.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timin...Read More