The recently signed $2 trillion in fiscal stimulus includes a little known provision for the country's largest real estate investors.Continue...Read More

The media is determined to use this virus to try to defeat Trump in November. CNN reported that Trump "is dodging responsibility" for the coronavirus. They continue to push him to lock down the Continue...Read More

So, meet your new Fed chairman, Donald J. Trump. In 2008 when something similar was done, it was on a smaller scale. Since few understood it, the Bush and Obama administrations ceded total control Continue...Read More

Yes, the Coronavirus will inflict pain in the short term. But in the long term, it will propel the United States to historical greatness.Continue...Read More

They are just busybodies deciding what products the real producers may or may not create, and what entrepreneurs can or can't do. Saying one is good and the other is bad is the wrong way to look at it. It politicizes the question.Continue...Read More

At the very least, we're heading into a severe recession. And we could well be heading for a full-scale depression.That's not being alarmist.Continue...Read More

No longer confined to just major cities, the coronavirus pandemic is now throughout the United States, with some small rural counties leading the country in per capita confirmed cases Continue...Read More

"At this time, the trajectory of Detroit is unfortunately even more steep than that of New York." "This is off the charts." Continue...Read More

We have a serious problem in New York, we have a serious problem in New Orleans and we're going to be developing serious problems in other areas.Continue...Read More

Prepare for millions of anxious people to get their first exposure to the gold story, just as the supply dries up.Continue...Read More

ArcelorMittal will idle the No3 blast furnace at its integrated slab and flat steel Tubar??o facility, in the country's southeastern Esp?-rito Santo state, because of impacts from the spread of the novel coronavirus, the company said on Friday March 27.The blast furnace at the Tubar??o unit, which has capacity to produce 2.8 million tonnes of crude steel per year, will be halted in early April for...Read More

Anglo American is expecting a production impact of 2-3 million tonnes at its Kumba iron ore operations in 2020, following a decision to operate with around half of its workforce during a 21-day lockdown in South Africa that started this week.The miner said on Friday March 27 that it had consulted with the government authorities and industry bodies in South Africa to determine and agree on the appr...Read More

The world suddenly finds itself tipped into the gravest crisis since the 2nd World War, and with respect to the global economy it is actually far worse, because the financial system was teetering on the verge of collapse even before the coronavirus epidemic surfaced as a result of the exponential growth of debt and derivatives - so the virus epidemic and the reaction to it has simply acted as a...Read More

State-owned Steel Authority of India (Sail) has joined the list of steelmakers in the country to reduce production levels following the lockdown imposed in India earlier this week.Sail is a major integrated producer of rebar, wire rod and hot rolled coil (HRC), and has a total crude steel capacity of around 21 million tonnes.In light of increasingly...Read More

Here are five Fastmarkets stories you might have missed on Friday March 27 that are worth another look.European flat steel producers have reduced output, and some of them have stopped operating certain equipment, in their attempts to balance supply and demand after multiple automotive producers suspended their operations because of the Covid-19 pandemic.The Zambian government will remove the 5% im...Read More

Here are five Fastmarkets stories you might have missed on Friday March 27 that are worth another look.European flat steel producers have reduced output, and some of them have stopped operating certain equipment, in their attempts to balance supply and demand after multiple automotive producers suspended their operations because of the Covid-19 pandemic.The Zambian government will remove the 5% im...Read More

Metals, mining and alloy producers have been scenario-planning in response to the novel coronavirus. The South African government appears to have just removed all but one option.President Cyril Ramaphosa ordered the country's mineral resources industry to shut underground mines and furnaces from Thursday March 26, unless they can be operated remotely. The shutdown will last for three weeks an...Read More

The 2019-nCoV pandemic is definitely a black swan event, one which nobody saw coming. Global business sentiment has taken a massive hit, with major industries grinding to a halt on travel bans, quarantine orders and border controls. Major airlines such as Singapore Airlines and Qatar Airways have grounded their fleets, stock markets have collapsed with exchanges closing and tourism is taking a pun...Read More

The London Metal Exchange has closed its open outcry trading floor and is using its electronic trading platform for price discovery as a precautionary measure amid the novel coronavirus (2019-nCoV) pandemic.The only other time the 143-year-old metals exchange temporarily closed was during World War II, when - in the absence of electronic trade - the venue was forced to shut entirely. The move to c...Read More

The new issue of Aluminium Market Tracker is now online at metalbulletinresearch.com.In this edition, Fastmarkets' research team delivers key insights and forecasts into aluminium markets around the world.Aluminium price down 2.3% week-on-week amid stock market sell-offGlobal markets remain rattled by the spread of the novel coronavirus (2019-nCOV) across Europe and the United States. Panic-sellin...Read More