Turkish prices for hot-dipped galvanized coil (HDG), and color-coated coil or pre-painted galvanized iron (PPGI), decreased in the week to Friday January 24 amid moderate demand, sources told Fastmarkets.Demand was moderate because buyers had expected prices to decrease more because of falling scrap prices.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr T...Read More

Czech steelmaker Trineck?(C) ? 1/2 elez??rny plans to increase its capacity and production volumes in 2020 despite reducing its level of investment, the company said on Thursday January 23.Last year, the company reduced its planned investments by 500 million Czech koruna ($22 million) due to a decline in demand and low prices, it said."We reduced total investment by more than 500 million Czech kor...Read More

Indian domestic secondary billet prices have risen by 400 rupees ($6) per tonne in the week ended Friday January 24, on price rises announced by all the country's major iron ore miners.The price of steel billet, domestic, ex-works India, assessed by Fastmarkets on January 24, rose by 400 rupees per tonne to 30,100-30,300 rupees ($422-425) per tonne, compared with last week's assessment at 29,700-2...Read More

Chinese steelmaker Hebei Jingye Group has moved a step closer to acquiring British Steel following an agreement made with the trade unions that could result in 500 job losses.The proposals from Jingye on terms of employment now need to be agreed by British Steel staff following the negotiations by the various trade unions.Other outstanding hurdles to the deal include Jingye reaching an agreement.....Read More

Pig iron import prices in the United States have softened under a bearish mood in the scrap market, sources told Fastmarkets on Friday January 24.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $345-350 per tonne on Friday, widening downward from $350 per tonne a week earlier.Several bookings of Russia-origin material were heard at $345-348 per tonne cfr. "Deal...Read More

Low pig iron availability in the export market from the Commonwealth of Independent States (CIS) prevented prices from following the rapid drop in the scrap market, sources told Fastmarkets during the week ended Thursday January 23."I agree that normally pig iron follows the trend in the scrap market, but now the availability from the CIS is so low that this rule doesn't apply," one exporter said....Read More

The inter-merchant spot market for light iron scrap in the UK was steady in the week ended Friday January 24, but a drop in European export prices to traditional markets in Turkey and the Indian subcontinent may drag on British prices in the near term, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was ?95...Read More

Michael Pento joins Money Metals Exchange for a tremendous interview on a range of topics. Michael goes through his checklist of data points and the events that, once taken place, will fuel the next big rally in precious metals. He also talks about the key warning sign that we can be looking for that will indicate when the economic bubble to end all bubbles is about to burst. *The interview begins...Read More

For months the Fed's been preaching what needs to be done, but it's their actions that really count. They've tapered off activity a bit recently, while repos have slowed down, which may be sign that there's a movement to inject less money into thin air... but how has the market responded to these developments?Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling...Read More

Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" to discuss what he's watching in the markets and why large amounts of financial liquidity lifting stocks to record highs cannot last forever. Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment...Read More

Eric 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 recipient of numerous awards and honors, including one of Investor Dig...Read More

Erik Townsend and Patrick Ceresna welcome Russell Napier to MacroVoices. They discuss why we should expect a credit crisis, what will come out of MMT and helicopter money and how to prepare for runaway inflation and more.Topics:Why we should expect a credit crisisWhat countries will be affected by the systemic banking crisis and what are its potential risksWhat to expect for international capital...Read More

The Coronavirus continues to sweep China as the world's most-populous nation has quarantined several major cities, but what impact will this have on markets? We'll break it down and how the virus is shaking stocks with Peter Schiff of Euro Pacific Capital. Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name...Read More

"Obviously, the Saints should not be in the business of assisting the Archdiocese, and the Saints' public relations team is not in the business of managing the public relations of criminals engaged in pedophilia,"Continue...Read More

"My daughter is getting out of school. I've saved all my money. She doesn't have any student loans. Am I going to get my money back?"Continue...Read More

For continued updates and comments go to: https://www.peakprosperity.com/corona...Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early econobloggers who forecasted the housing market collapse an...Read More

While investors are focused on the coronavirus outbreak in China, Gregory says you should instead be focused on the price of crude oil."If they do not manage to turn crude around, this stock market is vulnerable to a BIG drop." Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader...Read More

You as an investor trying to mind your own business or build wealth or expand your portfolio may get caught in the crossfire of a financial war. So you have to take that into account in your portfolio allocations and risk management.Continue...Read More

Export prices of Brazil-origin slab remained unchanged in the week to Friday January 24, as deals were limited because most producers were sold out of March-shipment volumes.Fastmarkets' weekly price assessment for steel slab export, fob main port Brazil, stood at $430-450 per tonne on January 24, unchanged week on week.Brazilian steelmakers had already booked...Read More

What happens in the West is pivotal. That's because it's the only civilization in history that enshrines the individual, as opposed to the collective or the State. It emphasizes things like free thought, free speechContinue...Read More