The price of containerized ferrous scrap imports into India slumped further this week due to the continued lack of trading under the lockdown conditions in the country, as well as a drop in the global scrap markets, sources told Fastmarkets on Friday May 1.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $259.38 per tonne on Friday, down from $269.13 per...Read More

The pig iron market in the United States strengthened in the week to Friday May 1, with several buyers restocking material, sources told Fastmarkets.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $295-300 per tonne on Friday, up by $5 from $290-295 per tonne last week.One purchase of Ukraine-origin pig iron was done...Read More

The Turkish deep-sea scrap import market ended the week with a lower-priced deal coming to light on Friday May 1, in line with market expectations for the direction of prices, sources told Fastmarkets.News of the cargo came to light late on Thursday, with a steel mill in the Iskenderun region buying a European cargo comprising 17,000 tonnes of HMS 1&2 (80:20) at $236 per tonne cfr, and 7...Read More

Demand for CIS-origin billet mainly came from the Gulf Co-operation Council (GCC) region this week, sources told Fastmarkets Friday May 1.By the end of the week, Fastmarkets had heard of three deals to the region, with the latest being a 50,000-tonne billet cargo sold to a customer in Saudi Arabia at around $360 per tonne cfr (or $335 per tonne fob Black Sea, excluding freight costs...Read More

The monthly alloy surcharges for stainless steel in Europe have decreased for May because of lower alloy component costs, Fastmarkets heard on Friday May 1.Transaction prices for finished stainless steel remained unchanged, meanwhile, following decreases last week that were made in anticipation of the lower May surcharges.Fastmarkets' calculation of the stainless steel cold-rolled sheet, 2mm, grad...Read More

As we learn more about the coronavirus, and all of the numbers that are released by the government, there's more and more that just doesn't add up. Fortunately, Jim Willie, editor of The Hat Trick Letter, joined the show to discuss the discrepancies he's noticed, and what he thinks is really going on. So if you want to know what you're not being told about Coronavirus, click to watch the video now...Read More

Key data from Fastmarkets' pricing session in Shanghai, New York and Galway on Friday May 1.China China's domestic prices climbed on a more active spot market, with mills restocking ahead of the Labor Day holiday from May 1-5.Production costs for ferro-silicon will increase...Read More

While everyone sits at home with increasing frustration, there's a lot of new attempts of control being imposed on the world, which are frankly quite maddening. And what's worse are all the facts surfacing about what's already happened long before this pandemic was revealed. In this video I'm going to show those facts, along with the newest attempts at getting you to forfeit your rights, including...Read More

When the only journalist in the world who dares tell the truth rots in jail in England, being tortured on behalf of the US for doing his job, something is terribly wrong with our society.Continue...Read More

Be prepared! Sometimes in future, your children or grandchildren will ask you about the current economic slump. They will question: "how was it possible that such a minor pandemic in terms of mortality Continue...Read More

It's game-over for most of the U.S. oil industry. Prices have collapsed and storage is nearly full. The only option for many producers is to shut in their wells. That means no income. Continue...Read More

The company has placed items like burgers, bacon and sausage on "controlled allocation," according to Business Insider. Additionally, the company's distribution centers have been placed on "managed supply".Continue...Read More

"Counterfeiters are using sophisticated online marketing techniques to prey on the emotional fears and anxieties of the public. Continue...Read More

The man's father-in-law was a dentist for 55 years and kept all of the gold fillings he removed.Continue...Read More

Key data from the pricing sessions in Asia, Europe and the United States for the week ended Friday May 1.China The rise in UG2 chrome ore prices slowed down after China's major stainless steel mills all raised their ferro-chrome tender prices by a lower-than-expected amount. The imported charge chrome price ticked upward by $0.01 per tonne on improving sentiment and with availability of material f...Read More

The leveraged buyout (LBO) of the private sector by the government will cripple the capital markets' price signaling mechanism and bring innovation to a screeching halt. Continue...Read More

Brazil's Vale expects the price premium for high-grade iron ore fines to decrease in the second quarter compared with those in the first, with production in China resuming.Brazilian 65% Fe iron ore has been fetching around $20 per tonne more than reference prices for 62% Fe material. This difference is mainly due to supply issues, which reduced inventories in China, the mining major's executive di...Read More

A summary of Brazilian mining company Vale's financial results for the first quarter of 2020.In brief Pro forma adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) down by 26% year on year due to depreciation of Brazilian Real.Net income of $239 million, compared with a net loss of $1.6 billion in the first quarter of 2019. Investments totaled $1.12 billion, up by...Read More

A summary of Latin American steel group Ternium's financial results for the first quarter of 2020.In brief Earnings before interest, taxes, depreciation and amortization (Ebitda) down by a third year on year due to restrictions related to the Covid-19 pandemic. Net loss of $19.40 million, compared with a net profit of $224.90 million in the first quarter of 2019. Higher sales volumes in Mexico, Te...Read More

An overview of the battery raw materials markets and their price moves from the past week.Read More