Industrial Metallurgical Holding (IMH) will start maintenance of a blast furnace (BF) at its Tulachermet facility early to reduce rebar supply in March from Tula Steel due to a weak market, the company told Fastmarkets on February 25.Tulachermet, which supplies Tula Steel with pig iron, will stop BF No3 for around a month from late March after previously planning to begin in April. BF No3 has capa...Read More

Here are five Fastmarkets stories you might have missed on Wednesday February 26 that are worth another look.China's steel industry has faced difficulties in production and sales since the first working day after the Lunar New Year holiday due to the novel coronavirus (2019-nCoV) outbreak, which has led to some 78,000 infections and close to 2,700 deaths in the country so far.Metal and ferro-alloy...Read More

Industrial Metallurgical Holding (IMH) will start maintenance of a blast furnace (BF) at its Tulachermet facility early to reduce rebar supply in March from Tula Steel due to a weak market, the company told Fastmarkets on February 25.Tulachermet, which supplies Tula Steel with pig iron, will stop BF No3 for around a month from late March after previously planning to begin in April. BF No3 has capa...Read More

The Turkish steel mills have continued to be largely silent in the deep-sea scrap markets to try to restrict the upward trend in prices, sources said on Wednesday February 26.The mills were very active in the deep-sea scrap markets in the period February 4-24, booking at least 22 cargoes totaling more than 700,000 tonnes. As a result, scrap import prices into Turkey have been climbing since the be...Read More

Here are five Fastmarkets stories you might have missed on Wednesday February 26 that are worth another look.China's steel industry has faced difficulties in production and sales since the first working day after the Lunar New Year holiday due to the novel coronavirus (2019-nCoV) outbreak, which has led to some 78,000 infections and close to 2,700 deaths in the country so far.Metal and ferro-alloy...Read More

The availability of Iranian steel billet was limited in the export markets because of strong domestic demand, Fastmarkets learned on Wednesday February 26.Weakening of the local currency against the US dollar was the reason for the increased domestic demand, with imports being more problematical."Continued devaluation [of the Iranian rial] means that local traders will keep buying to hedge against...Read More

China's domestic rebar prices were flat on Wednesday February 26 despite declining futures, with strengthening end-user demand providing support to the market.Eastern China (Shanghai): 3,450-3,480 yuan ($490-495) per tonne, unchanged Northern China (Beijing): 3,380-3,420 yuan per tonne, unchanged With less logistical disruptions and more workers in the transportation sector back at work, demand fo...Read More

To Watch Update #32, CLICK HEREWithin and without China, the coronavirus continues to rage on. A leaked report claims that actual covid-19 cases within China are 52x higher than the 78K reported by authorities. Whether true or not, that estimate comports with the massive heavy-handed response the government has been pursuing there.Outside of China, more cases in more countries are being reported,...Read More

It's estimated that there are over 50 million pensioners?EURoin the United States alone, and like the United States, the United Kingdom, Japan, Italy, Germany and many other countries around the world are all in big trouble when it comes to the solvency of their pension funds. We are in the early stages of the greatest retirement crisis in the history of our nation and, indeed, the entire world.In...Read More

Why Jeff's indicators showed a global slowdown before the Coronavirus story emerged in the newsDollar-positive effects of the global Eurodollar system are in play, independent of the virus storyWhy dollar strength is a bad thing, not a good thing, and what to expect from hereJeff Snider Chartbook: http://bit.ly/2T1IZbBJeff Snider is head of global investment research for Alhambra Investment Partne...Read More

Wayne Jett is an accomplished lawyer who has argued cases in front of the U.S. Supreme Court. Jett is also an expert on the Federal Reserve. If the derivatives market blows up because of the China virus chaos, will people lose their money in the banks? Jett says, "That is correct. That is exactly what the design is. As a result of the tremendous amount of derivative risk big banks have taken on, i...Read More

Alasdair Macleod reports that very many of the world economic indicators are pointing to a slowing economy and the effects of the Coronavirus create a tipping point.Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist. Read More

An Orlando cop arrests a 6-y.o. girl at school as she cries to be let go, body-cam footage released by the family shows.Kaia Rolle was arrested September 19 last year after school staff claimed she was kicking and punching people. The girl was handcuffed, fingerprinted, and had mugshots taken before being released from custody, Kaia's grandmother told media. The officer was fired shortly after the...Read More

Senior ABC Correspondent David Wright on Hidden Camera: How 'Bosses Don't See an Upside' for Reporting News; 'The Truth Suffers'; Says ABC Doesn't 'Give Trump Credit for What Things He Does Do'; ABC News Producer: New Yorkers Need to 'Cross the Hudson River' to Learn Why Voters Back TrumpDavid Wright, ABC News Political Correspondent: "We Also Don't Give Him [Trump] Credit for What Things He Does...Read More

Dave Collum talks about the coronavirus and life in general.David B. Collum is an economic commentator, chemist, Betty R. Miller Professor of Chemistry and Chemical Biology at Cornell University. He holds a PhD, Columbia University, MS, Columbia University, MA, Columbia University and BS, Cornell University.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

An accomplished analyst, author, and speaker, Jeff Clark is a globally recognized authority on precious metals. The son of an award-winning gold panner, with family-owned mining claims in California, Arizona, and Nevada, Jeff has deep roots in the industry. An active investor, with a love of writing, Jeff eventually became a mining industry analyst, including 10 years as senior editor for the worl...Read More

The plot of one of Stephen King's novels is going to be right eventually - some ultra-lethal mutation will arise, spread insanely well, and wipe out a lot of the human race. The U.S. government has spent many Continue...Read More

"Although we see strong Windows demand in line with our expectations, the supply chain is returning to normal operations at a slower pace than anticipated at the time of our Q2 earnings call," Continue...Read More

"Almost 10% of our international footprint is in China, and we are doing everything we can to support our franchisees and our teams in that region," Lynch said.Continue...Read More