Prices for inter-merchant light iron scrap in the UK have been steady over the week ended Friday April 30, consolidating gains made the week before amid firm demand from major processors and steady export business, sources have told Fastmarkets.Suppliers were looking ahead to negotiations to settle monthly deliveries into domestic consumers in May, they added.Fastmarkets' latest price assessment f...Read More
When Bitcoin (BTC) soars to its next level of incredible highs around $125,000, a lot of people are going to make A LOT of money.You can be one of them.The world's most popular cryptocurrency's price was only breaching $55,000 per token earlier this week.Coinmarketcap.comAs you can see in the chart, we've successfully bounced off the $45,000-$47,000 support level twice now since February. We've al...Read More
An overview of the new energy materials markets and their price moves from the past week.Susan Zou, Yingchi Yang, and Sybil...Read More
Key data from Fastmarkets' monthly pricing session in London and Shanghai on Wednesday April 28.Key drivers Supply constraints in Australia persisted, with the Altura project remaining on care and maintenance, and no ramp-up of output expected in the...Read More
Tight spot supply and the upward momentum of lithium raw material prices continued to support lithium hydroxide prices in Asia in the week to Thursday April 29.Battery-grade lithium hydroxide prices in both the domestic Chinese and seaborne Asian markets edged up amid tight availability and robust demand. The battery-grade lithium carbonate price in China continued its marginal downturn amid a sup...Read More
South American flat-rolled steel import prices were generally up in the week to Friday April 30, but have hit a temporary ceiling since the effects of the export tax rebate cut in China had been mostly factored in previously, market participants said.The majority of the assessments increased slightly, but the top end of the ranges were lower or unchanged, depending on the product.The increases com...Read More
Domestic prices for hot-rolled coil in Northern Europe have gone up to more than ?,?1,000 ($1,212) per tonne ex-works because of the continuing material shortage and strong demand, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,007.14 ($1,221.03) per tonne on Friday April 30, up by ?,?18.81 per tonne from ?,?988.33 per...Read More
Brazilian flat steel producers are poised to raise domestic prices by 10-18% in May, due to rising global steel and raw materials values, along with resilient local demand, market participants told Fastmarkets this week.Companhia Sider??rgica Nacional (CSN), the country's second-biggest flat steel producer, led the way when commercial executive director, Luis Martinez announced a 16-18% incre...Read More
Domestic and imported steel beam prices in the United States rose on Thursday April 29, in line with recent mill price increase announcements due to rising demand and tightening supply.Fastmarkets' monthly assessment for steel beams 8- x 8-in, fob mill US was $52.50 per hundredweight ($1,050 per short ton) on April 29, up 5% from $50 per cwt on March 25, and up 10.53% from $47.50 per cwt in Februa...Read More
A summary of the financial results for Turkey's largest steelmaking group, Erdemir, for January-March 2021.In brief Turkey's biggest steel producer Erdemir Group produced 24% of Turkish crude steel in January-February 2021. The group's earnings before interest, taxes, depreciation and amortization (Ebitda) increased by 262.53% in January-March 2021, because of strong demand for steel in Turkey and...Read More
The UK Trade Remedies Investigations Directorate (TRID) is to review two existing European Union anti-dumping cases to determine if they are fit for purpose in a post-Brexit United Kingdom.The two cases in question relate to cold-rolled coil from China and Russia and into high fatigue performance (HFP) rebar from China, TRID said on Thursday April 29.The reviews will...Read More
Pig iron export prices from Brazil went up again during the week to Friday April 30 despite long lead times.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil, was $545-560 per tonne on Friday, up from $540-545 per tonne the previous week.Offers were reported from only one...Read More
Turkish deep-sea scrap import prices have increased sharply since China decided to remove the export tax rebate on some steel products. But demand among major scrap importers in Asia was still limited because of upcoming holiday periods in the region.Turkish scrap import prices jump $22 per tonne at the end of the weekUS scrap export prices remain fairly stableSlight improvement in Vietnamese scra...Read More
The pig iron import market in the United States was silent during the week to Friday April 30, although market indicators such as hot-rolled coil prices continued to increase.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $585-595 per tonne on Friday, up by $10 per tonne from $575-585 per tonne the previous week."It was predictable that the market would be silent t...Read More
Ukrainian steelmaker Metinvest is considering to build a 2.50 million-tonne-per-year flat steel rolling plant in Trieste, in the north of Italy, Italian equipment producer Danieli told Fastmarkets on Friday April 30. "Metinvest is seriously considering the opportunity to build a sophisticated and cost and quality competitive 2.5 million tpy plant. It should serve North Italy and Europe market. The...Read More
Paul Craig Roberts: "...I don't think that Putin's policy of restraint and non-confrontation (towards the United States) has been successful. Putin's good intentions are not reciprocated by Washington. I think Putin's responsible behavior encourages more aggressive accusations and more aggressive military maneuvers. At some point, the West is going to go too far, and there's going to be no alterna...Read More
Talking Points From This Episode:- Treasury issuance and Federal Reserve purchasing.- Equity valuations and signals of coming inflation.- Potential for an equity correction and risks of further corrective stimulus.- Mining sector growth and improving fundamentals.0:00?EUR< - Introduction0:38?EUR< - Fed is Trapped3:10?EUR< - Foreign - Treasuries6:04?EUR< - Taxes & Revenue9:24?EUR< - Equity Valuatio...Read More
Economist Danielle DiMartino Booth sits down with American lawyer and writer Philip Howard. In this interview they talk about how policies have an impact on the economy, how common sense has been lost and how responsibility can lead to a more efficient government. Recommended video - Billionaire "Bond King" Breaks Down Market Trends: https://youtu.be/QRRwBqwKWz4?EUR
George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More
MacroVoices Erik Townsend and Patrick Ceresna welcome Charlie McElligott from Nomura to the show. Charlie says the reflation trade that reversed in April is likely to reverse again, with more reflation still to come. They talk about everything from inflation to bond yields to the market outlook for stocks and other asset classes. And stay tuned for the postgame segment where Patrick has prepared a...Read More