Domestic prices for hot-rolled coil increased over the past week in Southern Europe due to a lack of competitive import offers and a slight recovery in demand, sources told Fastmarkets on Wednesday January 22.Fastmarkets' weekly price assessment for steel hot-rolled coil, domestic, ex-works Southern Europe, was ?,?445-460 ($494-510) per tonne on January 22, up by ?,?10 per tonne week on week from...Read More

China's hot-rolled coil market continued to be quiet on Wednesday January 22, with participants slowing down or suspending operations before the upcoming Chinese New Year holiday, while concerns have emerged over post-holiday demand due to the spread of a mysterious respiratory virus that has claimed several lives.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($559-562) per tonne, unchan...Read More

Global steel trader Stemcor has been sold to China's Cedar Holdings for $150 million, a source with knowledge of the matter told Fastmarkets on Wednesday January 22."Once the transaction is completed, Stemcor's banking and finance facilities will increase considerably and its business will grow further," the source said.Cedar Holdings is a privately-owned commodities business headquartered in Guan...Read More

The price of steel rebar in the Northern European domestic market was confirmed at higher levels this week in a delayed reaction to higher scrap prices in December, sources told Fastmarkets on Wednesday January 22. Last week a mill claimed to have achieved higher prices with some of its customers, and this week these higher figures were heard across the market. Yet the increases may be short-lived...Read More

Hollow steel sections prices in Europe moved up again this week, with prices for hot-rolled coil feedstock material continuing to rise and EU import quotas moving closer to expiry, market sources told Fastmarkets on Wednesday January 22.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?620-640 ($688-710) per tonne on Wednesday, up from ?,...Read More

The price of steel H-beams in Northern Europe widened upwards on Wednesday January 22 as mills continued their campaign of price increases, told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe was ?,?550-580 ($610-644) per tonne on January 22, up from ?,?550-570 per tonne on January 15."Prices have moved up rapidly [and] there could b...Read More

Turkish steel producers continued to stay away from the deep-sea scrap market, while simultaneously trying to secure short-sea material for their urgent needs, sources said on Wednesday January 22.Mills have been quiet in the deep-sea markets since the middle of last week when the prices fell sharply.Prices in the deep-sea scrap markets fell by around $15 per tonne late last week, after a ste...Read More

Seaborne iron ore prices were rangebound on Wednesday January 22 amid limited overall activity in the market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $96.68 per tonne, down $0.12 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $95.72 per tonne, down $0.12 per tonne.62% Fe low-alumina fines, cfr Qingdao: $97.86 per tonne, up $0.03 per tonne.58% Fe fines high-premium, cfr...Read More

Global steel trader Stemcor has been sold to China's Cedar Holdings for $150 million, a source with knowledge of the matter told Fastmarkets on Wednesday January 22."Once the transaction is completed, Stemcor's banking and finance facilities will increase considerably and its business will grow further," the source said.Cedar Holdings is a privately-owned commodities business headquartered in Guan...Read More

Iranian export billet prices softened in the week to Wednesday January 22 following a downtrend in the CIS export market.The CIS export billet price slipped by $12 per tonne over the week, to $396 per tonne on January 22, amid weakening fundamentals in the finished long steel market as well as falling scrap prices.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origi...Read More

Slides and Sources: https://www.itmtrading.com/blog/marke...In my opinion, the final melt-up phase has begun. But before you go rushing into the most nominally expensive stock markets in history, look at the facts. As central banks create new debt money;1. Purchasing power value is destroyed2. Public confidence in the ruling class and fiat money is lost3. $1,000,000,000 x 0 = 0We've been trained t...Read More

Breaking news: Mike Maloney plans on adding some select mining stocks to his portfolio soon. This will come as quite powerful news for most of our followers, as until now Mike's only investments have been almost entirely physical gold and silver bullion, held in storage accounts with BRINKS. The only other investments Mike has made during this precious metals bull run are some small 'gambling' pos...Read More

President Trump is criticizing the Federal Reserve and continues talking about negative interest rates, a controversial policy he believes could help the US economy. Former US representative Dr. Ron Paul (R-Texas), longtime critic of the Federal Reserve System, joins Scottie Nell Hughes to share his insights. He also weighs in on President Trump's looming impeachment trial. "The spending will cont...Read More

Don't bet against China, says Frank Holmes, CEO of U.S. Global Investors, who said that China is now a robust consumer of gold."60% of gold demand is as you know, from love, and the best way to look at it is China and India," Holmes told Kitco News on the sidelines of the Vancouver Resource Investment Conference. Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc.,...Read More

We are in the early stages of the greatest retirement crisis in the history of our nation and, indeed, the entire world. One thing is certain: doing nothing?EURositting back, confident your pension check is "in the mail"?EURois not an option. That's a risk you can't afford to take.According to Edward "Ted" Siedle, a former attorney with the United States Securities and Exchange Commission and Amer...Read More

Former OPCW inspector Ian Henderson testified to the UN Security Council this week that his team's report on the April 2018 alleged gas attack in Douma, Syria, had been falsified at the orders of senior management and perhaps under pressure from the US government. The US mainstream media is silent.Dr. Ron Paul is a physician and former twelve-term congressman from Texas who ran for president in 20...Read More

Mark Cuban is an American business magnate, investor and philanthropist. He is the owner of the National Basketball Association's Dallas Mavericks, Landmark Theatres, and Magnolia Pictures, and the chairman of the HDTV cable network AXS TV. He is also a "shark" investor on the television series Shark Tank. In 2011 Cuban wrote a book, How to Win at the Sport of Business: If I Can Do It, You Can Do...Read More

David McAlvany, President of the McAlvany Financial Companies, explains what "The Worm Begins to Turn for Unloved Sectors" means for markets and the economy.Read More

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 firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America. DiMartino Booth began her career in New York at Donaldson, Luf...Read More

Michael Oliver shares his latest proprietary views on the markets for precious metals investors.Read More