In a rare move, Japan has started selling steel billet to Southeast Asia amid diving scrap prices in the country's domestic market.Steel mills in the Tokyo area have started channeling shipments of the semi-finished product to Southeast Asia, where buyers are prepared to pay higher prices than Japanese re-rollers, market sources said.While the sale of Japanese billet to Southeast Asia is not unpre...Read More

Market participants seem to be waiting for something to provide direction and that impetus is likely to come from the testimony of the United States Federal Reserve chairman later today.Market participants are counting on Fed chairman Jerome Powell to remain accommodating when testifying to Congress, with high odds that the 'insurance cut' of 25 basis points will be implemented in its July Federal...Read More

Australia's Pilbara Minerals expects production and sales of lithium spodumene concentrate to return to full capacity in the fourth quarter of 2019 and has secured a new offtake agreement with the Chinese Great Wall Motor Co. The company made the announcement on Tuesday July 9 after discussions with offtake partners Ganfeng Lithium and General Lithium. On June 17, Pilbara Minerals said it would re...Read More

Australian lithium spodumene producer Altura Mining has finalized a binding five-year offtake agreement with Chinese lithium carbonate and hydroxide converter Shandong Ruifu.Altura will supply Shandong Ruifu with a minimum of 35,000 tonnes per year of 6% lithium spodumene concentrate, produced from its lithium mine at Pilgangoora in Western Australia, for a period of five years from July 2019 unti...Read More

Domestic prices for hot-rolled coil (HRC) in Europe have decreased over the past week due to poor demand, market sources told Fastmarkets on Wednesday July 10.Buying activity has continued, however, but subject to limited demand from end-users and sufficient stocks held by buyers."Market activity is almost non-existent, and the situation is not going to change because in August the mills will go o...Read More

Domestic prices for heavy steel plate across Europe have decreased over the past week due to limited trading activity, sources told Fastmarkets on Wednesday July 10.Fastmarkets' weekly price assessment for steel, domestic, plate 8-40mm, exw Southern Europe, was ?,?500-520 ($560-583) per tonne ex-works on July 10, compared with ?,?515-525 per tonne ex-works a week earlier.The assessment reflected d...Read More

China's hot-rolled coil prices fell amid weakening futures, with traders agreeing to sell cargoes with shorter lead times at a discount to those being offered by mills. DomesticEastern China (Shanghai): 3,890-3,900 yuan ($565-566) per tonne, down 30-40 yuan per tonneNorthern China (Tianjin): 3,830-3,840 yuan per tonne, down 10-20 yuan per tonneTransaction prices fell across the country even though...Read More

The price of mesh-quality wire rod in Southern Europe has fallen by ?,?10-30 ($11-34) per tonne week on week, because mills in Italy and Spain lowered their offers ahead of the summer slowdown, sources told Fastmarkets on Wednesday July 10.Fastmarkets' assessment of the price of steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?470-500 ($527-560) per tonne on Wednesday, do...Read More

Domestic price ranges for hollow steel sections in Northern and Southern Europe widened further this week following pressure from decreased feedstock costs and increased import volumes, sources told Fastmarkets on Wednesday July 10.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?625-640 ($700-717) per tonne on Wednesday, down from ?,?630-640 p...Read More

Steel H-beam prices in Northern and Southern Europe moved down this week following fluctuations in feedstock supply and uncertain market conditions ahead of the seasonal summer slowdown, sources told Fastmarkets on Wednesday July 10.Fastmarkets' price assessment for steel beams, domestic, delivered Northern Europe, was ?,?570-600 ($639-672) per tonne on July 10, down from ?,?570-605 per tonne one...Read More

Turkish steel producers paused their deep-sea scrap bookings again to take in the latest downturn in steel prices, sources told Fastmarkets on Wednesday July 10.After a steel mill in the Iskenderun region paid $288 per tonne cfr for UK-origin HMS 1&2 (80:20), on Tuesday July 9, the daily scrap indices went down by $14.78 per tonne.The drop was...Read More

Jason talks with Paul Craig Roberts about people's lack of resistance to being manipulated, controlled, and our general apathy to stand up for what is right and wrong. The pair also discuss the Epstein child trafficking case.Paul Craig Roberts is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration and was no...Read More

Seaborne iron ore prices fell back on Wednesday July 10, after buyers appeared to adopt a wait-and-see stance in response to rising steel product inventories.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $120.96 per tonne, down $0.61 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $120.88 per tonne, down $0.61 per tonne. Fastmarkets' index for iron...Read More

Alasdair Macleod, with a background as a stockbroker, banker and economist, explains what impact the international financial wars will have on gold and the markets.>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

In a rare move, Japan has started selling steel billet to Southeast Asia amid diving scrap prices in the country's domestic market.Steel mills in the Tokyo area have started channeling shipments of the semi-finished product to Southeast Asia, where buyers are prepared to pay higher prices than Japanese re-rollers, market sources said.While the sale of Japanese billet to Southeast Asia is not unpre...Read More

Iranian steel billet and slab prices pushed up in the week to Wednesday July 10 after customers in Asia accepted higher prices following generally positive sentiment in global finished steel markets. Fastmarkets weekly price assessment for Iranian export billet price was $385-390 per tonne fob on Wednesday July 10, up from $375-385 per tonne...Read More

China's rebar prices were flat on Wednesday July 10, but pessimism was the order of the day during what is considered a weak time of the year for the country's steel market.Domestic Eastern China (Shanghai): 3,980-4,000 yuan ($578-581) per tonne, unchangedNorthern China (Beijing): 3,880-3,910 yuan per tonne, unchangedTraders in the spot market kept prices unchanged, at least for the time being, am...Read More

In a rare move, Japan has started selling steel billet to Southeast Asia amid diving scrap prices in the country's domestic market.Steel mills in the Tokyo area have started channeling shipments of the semi-finished product to Southeast Asia, where buyers are prepared to pay higher prices than Japanese re-rollers, market sources said.While the sale of Japanese billet to Southeast Asia is not unpre...Read More

Kansas based indie rocker Tommy Newport up a dazzling performance of cinematic and previously unreleased single 'Movie Screen'.Follow?-? Facebook: https://www.facebook.com/TommmyNewport/?-? Instagram: https://www.instagram.com/tommy.newport/-Follow COLORS:?-? On Socials: https://lnk.to/socials?-? On Spotify: https://colors.lnk.to/Spotify?-? On Apple Music: https://colors.lnk.to/applemusic _COLORSX...Read More

- Ed SteerYESTERDAY in GOLD, SILVER, PLATINUM and PALLADIUMThe gold price was sold lower just a few minutes after trading began at 6:00 p.m. EDT on Sunday evening in New York. It began to recover about fifteen minutes later -- and managed to crawl higher...back above the $1,400 spot mark. The high tick was set a few minutes after the London open -- and it didn't do much from there until 'd...Read More