Indian steel producers were likely to increase their prices for hot-rolled coil by at least 1,000 rupees ($14) per tonne for February sales to take account of rises in the costs of raw materials such as iron ore, Fastmarkets has heard.HRC prices for the current week, however, remained unchanged on Friday January 31 because February prices were likely to be announced early next week.The price of st...Read More
Just as China and the United States started to reach a deal and trade tensions eased, providing some longed-for certainty, the novel coronavirus (2019-nCov) has again increased fear and uncertainty in the steel and feedstock markets.Although there may be no impact of the coronavirus on China's GDP in the long run, we have already passed the point of "no effect" on the market, as raw material price...Read More
Polish domestic rebar prices moved up over the week due to improved demand, market sources told Fastmarkets on Friday, January 31.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, ex-works Poland, rose to 2,150-2,200 zloty ($553-563) per tonne on Friday January 31 from 2,050-2,200 zloty...Read More
The inter-merchant spot market for light iron scrap in the UK dropped in the week ended Friday January 31, with British domestic prices dragged down by persistent weakness in the European export market to key buyers in Turkey and the Indian subcontinent, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, w...Read More
The price of austenitic alloy steel scrap in the UK domestic market decreased this week because of lower nickel costs, sources told Fastmarkets on Friday January 31. Fastmarkets' price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?750-780 ($979-1,018) per tonne on Friday, down by ?20-30 per tonne from ?780-800...Read More
The price of ferrous scrap imported into India dropped again in the week ended Friday January 31, while trading activity paused following a mid-week drop in international scrap prices, sources have told Fastmarkets.Fastmarkets' calculation of the steel scrap, shredded, index, import, cfr Nhava Sheva, India, was $291.99 per tonne on Friday, down from $296.51 per tonne on January 24, marking the thi...Read More
To Watch Update #8, CLICK HERE As Chris says in the video: this is an alert we'd hoped not to have to deliver. A new study coming out of China reports that the Wuhan coronavirus has an Ro of 4.1. That means it's much more contagious than previously feared. If indeed the case, an Ro of 4.1 means there is NO way of stopping this virus from becoming a full-blown global pandemic. This study has not y...Read More
Eric Sprott discusses the impact the coronavirus will have on the global economy and how this will drive gold and silver prices in the weeks and months ahead.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, Eri...Read More
To Watch Update #8, CLICK HERE Thursday the World Health Organization (W.H.O.) declared that the Wuhan coronavirus is indeed now a pandemic. Scary news, right? Well...not if you kept listening. The W.H.O. then proceeded to downplay the risk to public health and took pains to make it clear it doesn't recommend placing restrictions on global trade & travel at this time.What?!? When we may be in dea...Read More
Key data from the pricing sessions in Europe, the United States and Asia for the week ending Friday January 31. Europe The high-carbon ferro-chrome market ticked up with demand continuing to recover and contract customers increasing their tonnages, according to some producers. But there were also reports of...Read More
To Watch Update #7, CLICK HERE Science journal The Lancet just released a study that finds initial evidence that men are substantially more vulnerable to coronaviruses than women.Why? Watch the video. Dr. Chris Martenson PhD walks through the science behind the findings, explaining it in simple layman terms.To get Chris Martenson's report on pandemic preparation, go to https://www.peakprosperity....Read More
David Morgan joins us to talk about where precious metals are currently, how it compares to the past and the potential for an acceleration phase in the not too distant future.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selectio...Read More
"We will also start to remove content with false claims or conspiracy theories that have been flagged by leading global health organizations and local health authorities that could cause harm to people who believeContinue...Read More
The fear around the coronavirus around the world has now escalated but the relatively small fatality rate don't justify all the hysteria, said Gerald Celente, publisher of The Trends Journal."Fear is an easy thing to sell, whether it's in war, or weather, or this, but the numbers aren't showing it," Celente told Kitco News. Gerald Celente is a pioneer trend strategist and founder of The Trends Res...Read More
First, the US has sent the CDC and the WHO is on top of it. There are cases outside of China and so far they display the same death rate of less than 3%. There is nothing so far to indicate that ChinaContinue...Read More
"Our economy is in free-fall." 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 of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free eboo...Read More
China's slowing growth will have a significant effect on global copper demand. Over the past 5 years, China has averaged out to a little over half of the total Continue...Read More
Police have two people in custody after shooting at their vehicle in response to a security breach at President Trump's Mar-a-lago estate on Friday.Continue...Read More
"Although our goal is to protect as much instructional time as possible, we also need to do everything we can to ensure our students and staff are healthy and in the best environment to foster learning," the district wrote on its website.Continue...Read More
Despite Russia closing its eastern border with China, at least two Chinese citizens infected with the virus still made it into Russia. Continue...Read More