A top Japanese steelmaker is expecting a rebound in prices for hot-rolled coil (HRC) in Asia in the fourth quarter of the year, based on the bullish fundamentals which should be seen during that period, Fastmarkets has heard."Aggressive export offers from Indian mills - due to weak domestic demand during the monsoon season and short-selling by traders which held bearish oulooks on the spot market...Read More
Import prices for steel billet in the United Arab Emirates have gone down because of the global fall in steel prices and poor demand, and rebar prices were expected to start a similar downtrend soon, sources said on Tuesday September 10.Market participants were expecting new prices to be announced in the near future, Fastmarkets was told.Domestic rebarEmirates Steel is the UAE's largest producer,...Read More
The downturn in global steel prices and the current weak demand have begun to affect the prices for flat steel imports into the United Arab Emirates (UAE), sources said on Tuesday September 10.Import prices in Saudi Arabia have yet not been affected, but they were expected to change by next week, sources said.UAEOffer prices for hot-rolled coil (HRC) from China have fallen as low as $470 per tonne...Read More
Steel hot-rolled sheet prices in Russia's Central Federal District around Moscow have softened first time since mid-April on the seasonal slowdown, sources told Fastmarkets on Monday September 9.Fastmarkets' weekly price assessment for steel hot-rolled sheet, domestic, cpt Moscow, Russia, was 43,000-44,900 roubles ($655-684) per tonne on September 9, including 20% VAT. This was down from 45,100-45...Read More
A downturn in finished steel prices, a collapse in export deals and at least 21 mill outages planned through December have wrought havoc on the United States' ferrous scrap market, and October is expected to continue the negative momentum brought with this month's free fall.The weakened September demand landscape quickly magnified the market's downside, turning an initially expected $20-per-gross-...Read More
Prices for ferrous scrap grades in Mexico's steelmaking regions of Monterrey and Baj?-o were stable week on week, while market participants were under pressure after several mills announced price cuts for September.Fastmarkets' weekly assessment of the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey, stood at 5,100 pesos per tonne on Tuesday September 10, while the steel...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. ...Read More
Activity in the seaborne iron ore market picked up on Tuesday September 10 and prices continued to strengthen. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.22 per tonne, up $0.25 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $93.61 per tonne, up $0.25 per tonne.62% Fe low-alumina fines, cfr Qingdao: $91.03 per tonne, up $0.73 per tonne.58% Fe fines premium index,...Read More
Seaborne coking coal prices were flat on Tuesday September 10, with Chinese market participants anticipating some strength in prices towards the end of the year but expecting downward pressure in the short term.Fastmarkets indicesPremium hard coking coal, fob DBCT: $150.76 per tonne, down $1.44 per tonne Premium hard coking coal, cfr Jingtang: $169.26 per tonne, up $0.19 per tonneHard co...Read More
Trading activity dropped in China's hot-rolled coil market on Tuesday September 10 after sellers tried raise prices in the morning.DomesticEastern China (Shanghai): 3,700-3,720 yuan ($519-522) per tonne, up 10 yuan per tonneNorthern China (Tangshan): 3,620-3,630 yuan per tonne, unchangedWhile sellers in Shanghai were able to conclude some transactions at around 3,720 yuan per tonne in the morning,...Read More
China's domestic rebar prices moved in opposite directions on Tuesday September 10, with those in the eastern region rising on active trading while the northern market weakened on a pessimistic outlook for demand. Domestic Eastern China (Shanghai): 3,660-3,690 yuan ($514-518) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,620-3,660 yuan per tonne, down 20-30 yuan per tonneStockists in...Read More
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Meanwhile, Citigroup has forecast the gold price may rise above US$2,000 an ounce in the next two years, Bloomberg reported.Gold hit a six-year high of $1,557.11/oz on the spot market earlier this month but was last trading about $1,490/oz, as markets await looming European and US central bank decisions.Back at Bullfrog, CEO David Beling said: "We are extremely pleased with the dual listing t...Read More
"I think the gold price will continue to improve, at least in terms of increased investment demand, because there is chaos across the globe," he told Mining Journal during the Precious Metals SummitRead More
The financials included contributions from the Atlantis Group books, which Master bought at the back end of last year, to help deliver a modest 4% lift in revenues to US$70 million.Read More
Few times have I come across an investment that you can call a "no-brainer."You know the ones I mean.They're the positions in your portfolio that are as close to a win-win situation as you can get in the market.These investments not only thrive during the best of times, but they'll also perform and make you a tidy profit during the worst.Today, with investors and pundits alike fretting about reces...Read More
David HaggithTwo weeks ago a former Federal Reserve board member and bank president, William Dudley, wrote an editorial that encouraged the Fed use its powers to defeat Donald Trump's second bid for the US presidency. I don't recall choosing presidents as being listed in the Fed's two mandates controlling inflation while maximizing employment.For an organization that has been speaking a lot la...Read More
WHAT BIG CON? There are so many in the worlds of central banking, economics, government, and money that we list only a few.We Need A Central Bank: Mainstream Media (MSM), politicians, and bankers promote this lie. It's not true.Debt can increase forever without material consequences. This is a dangerous con. Debt matters and will cause major pain in the next five years. Don't believe the MSM...Read More