Bulk alloys markets in Europe and India look set to trade under persistent pressure from a lack of demand in the near term, with weekly price falls raising the prospect of production cuts, according to industry sources.In Europe, the ferro-silicon market fell to a near three-and-a-half-year low in the week to July 10 after briefly stabilizing the previous week. Sustained weakness in steel, pa...Read More

New flat steel import duties are expected to affect flat steel imports into the United Arab Emirates (UAE), market sources told Fastmarkets on Tuesday July 14.By July 19, the UAE will apply a duty of 500 dirhams ($137) per tonne on imports of color-coated coil - in effect until May 14, 2021.The main supplier of color-coated coil to the UAE is China, Fastmarkets...Read More

Stewart Thomson, Graceland Updates1. The big question about America is how much more money the Fed can print while the government runs a program of borrowing money to infinity... before hyperinflation turns the fading empire into a fire pit.2. The debt-themed empire is in tatters already, but it has yet to become an inferno. The world watches aghast, as Americans blow each other aw...Read More

By: Gary SavageHere is what to look for on the gold breakout. Bullion banks are stuck in a large short position, they have covered some but have a significant problem. After multiple attempts, gold has broken out of this sideways/box. A break above $1,800 doesn't hold a lot of resistance, but holds the potential to be a false breakout: Stocks becoming dangerous:Gary Savagehttps://blog.smartmoney...Read More

By: Ira EpsteinGold 1796 area is a swing point, if taken out, then the market will head towards its 18-dma support around 1786 area. Doesn't mean the party is over:Read More

The fall in silver and gold is just profit taking and should be used to go long or invest. Crude oil should crash (on demand fundamentals) but is not even correcting. New investors of precious metals and industrial metals are waiting for correction to invest. Pension's funds have to give pensions to pensioners. They have increased their portfolio allocation to gold. Silver price will break past...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 14 that are worth another look.Sims Metal Management, the world's top metal and electronics recycler, is to lay off up to one-fifth of its UK workforce, Fastmarkets understands.Commercial vehicles led China's annual automotive output and sales in June, the China Association of Automobile Manufacturers (CAAM) said on July 10, e...Read More

Commercial vehicles led China's annual automotive output and sales in June, the China Association of Automobile Manufacturers (CAAM) said on July 10, especially those related to the construction industry. This reflects the country's rapid expansions in infrastructure development, the association said. China produced 2.33 million vehicles in June, up by 6.3% from May and up by 22.5% from a year ago...Read More

The United States Court of International Trade (CIT) has ruled that President Donald Trump did not have the power to double the Section 232 tariff on steel imports from Turkey.The increase in the tariff - to 50% from 25% - was a violation of statutory procedures and of equal protection guarantees, the CIT stated in a 22-page ruling on Tuesday July 14. The ruling follows a complaint filed by US ste...Read More

New flat steel import duties are expected to affect flat steel imports into the United Arab Emirates (UAE), market sources told Fastmarkets on Tuesday July 14.By July 19, the UAE will apply a duty of 500 dirhams ($137) per tonne on imports of color-coated coil - in effect until May 14, 2021.The main supplier of color-coated coil to the UAE is China, Fastmarkets...Read More

Stewart Thomson, Graceland Updates1. The big question about America is how much more money the Fed can print while the government runs a program of borrowing money to infinity... before hyperinflation turns the fading empire into a fire pit.2. The debt-themed empire is in tatters already, but it has yet to become an inferno. The world watches aghast, as Americans blow each other aw...Read More

Every year around this time, we check in with raw materials for our popular commodities halftime report. This year, it wasn't even a competition. Precious metals were the big winners for the first six months of 2020. Spot gold took the first place position, rising over 17 percent, followed in second place by silver, up nearly 2 percent. Palladium rounded out the top three, essentially flat at...Read More

- Stefan GleasonMany retail businesses including grocery stores and fast food restaurants have been wrangling with a national coin shortage. Some are posting notices informing customers that they will need to pay in exact change or use alternative payment methods such as credit cards.What's driving this scarcity of quarters, dimes, nickels, and pennies?The answer from the U.S. Mint: COVID-19....Read More

House Rep, Alexander Mooney, introduced a Bill that would the first true audit of gold owned by the United States in more than 65 years. The Bill, if passed, would require a full assay, inventory and audit of the U.S. gold every 5 years. Currently the gold is being "safe-kept" by the Fed.The last time a Bill was introduced to audit the Fed, specifically the gold and gold swaps activity, the F...Read More

By: Gary SavageHere is what to look for on the gold breakout. Bullion banks are stuck in a large short position, they have covered some but have a significant problem. After multiple attempts, gold has broken out of this sideways/box. A break above $1,800 doesn't hold a lot of resistance, but holds the potential to be a false breakout: Stocks becoming dangerous:Gary Savagehttps://blog.smartmoney...Read More

By: Ira EpsteinGold 1796 area is a swing point, if taken out, then the market will head towards its 18-dma support around 1786 area. Doesn't mean the party is over:Read More

The fall in silver and gold is just profit taking and should be used to go long or invest. Crude oil should crash (on demand fundamentals) but is not even correcting. New investors of precious metals and industrial metals are waiting for correction to invest. Pension's funds have to give pensions to pensioners. They have increased their portfolio allocation to gold. Silver price will break past...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 14 that are worth another look.Sims Metal Management, the world's top metal and electronics recycler, is to lay off up to one-fifth of its UK workforce, Fastmarkets understands.Commercial vehicles led China's annual automotive output and sales in June, the China Association of Automobile Manufacturers (CAAM) said on July 10, e...Read More

The United States Court of International Trade (CIT) has ruled that President Donald Trump did not have the power to double the Section 232 tariff on steel imports from Turkey.The increase in the tariff - to 50% from 25% - was a violation of statutory procedures and of equal protection guarantees, the CIT stated in a 22-page ruling on Tuesday July 14. The ruling follows a complaint filed by US ste...Read More

Aluminium premiums were stable in most regions on Tuesday July 14, but premiums rose in Brazil with some market participants in the country noting signs of demand recovery, while others suggested the increase could be short-lived. Brazil premiums up on stronger spot interestRotterdam premiums hold in quiet conditionsUnited States premium steady, while uncertainty stifles tradingSpot inactivity kee...Read More