Domestic prices for hot-rolled coil in Northern Europe were unchanged day on day on Thursday October 22, but steelmakers were expected to announce a price increase, market sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?497.50 ($589.78) per tonne on Thursday, flat from the day before.The index was up by ?,?1.87 per tonne w...Read More
Reinforcing bar prices in the United States were stable week on week on mostly flat domestic ferrous scrap prices and a partially successful mill price hike, market participants said.Those factors appear to have offset - at least for now - concerns about construction demand and outright pessimism about infrastructure spending heading into 2021, some sources said.Fastmarkets ass...Read More
Turkish export rebar and wire rod prices strengthened in the week to Thursday October 22 amid limited material supply and higher scrap costs, sources have told Fastmarkets."Mills sold quite a lot of rebar for export in earlier weeks so, when you ask, the earliest date they give you [for delivery] is January," one source said.A 50,000-tonne rebar cargo scheduled for shipment in January was reported...Read More
Demand for rebar and billet in Egypt failed to improve in the week to Thursday, October 22, despite the authorities reducing safeguard duties on the products, sources told Fastmarkets.Steel billet and rebar prices in Egypt were unchanged as a result, they added. The duty for imported billet was cut to 13% for the cif market last week, with a $60-per-tonne minimum, compared with ...Read More
Here are five Fastmarkets stories you might have missed on Thursday October 22 that are worth another look....Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.Iron ore remains the most bullish commodity of the year, with prices fuelled by Chinese demand and supply disruptions in Brazil, along with bullish sentiment. But prices are expected to come down because Brazilian exports have begun to recover, and have reached their highest level since the Brumadinho dam disaster in 2019. W...Read More
Turkish steel mills have returned to the deep-sea scrap markets, booking several cargoes at higher prices than previously, market sources said on Thursday October 22.On Wednesday, sources speculated on the direction prices could move after three days with no bookings. But that was before the latest transactions came to light late in the day, after Fastmarkets' index calculation had closed.A steel...Read More
A large cargo of Ukraine-origin steel billet was heard sold into the Gulf Cooperation Council (GCC) region in the week to Thursday October 22, while other regions were waiting to see how the market would move.A 50,000-tonne batch of Ukrainian billet was reported sold to Saudi Arabia at a price close to $440 per tonne cfr, according to estimates by market participants. This would be equivalent to s...Read More
?>>?Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Li...Read More
It's long, but it's worth every minute. In 90 minutes, I completely destroy the credibility of 60 Minutes Australia, The Age, Sydney Morning Herald, Nick McKenzie, and Charlotte Grieve. Actually, it only took 6 minutes, but their lies were so numerous that I needed the extra minutes to expose them all.Peter Schiff is an internationally recognized economist specializing in the foreign equity, curre...Read More
In this video we analyze how the US Dollar is currently impacting Gold & Silver. We assess current developments and the three important takeaways.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 selection for the sophisticated inves...Read More
Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.Read More
Where is gold headed as we get closer to 2021? Will it offer protection from the 'Crack Up Boom' we are experiencing? Mike Maloney recently spoke with Ronnie Stoeferle of Incrementum, watch what they have to say about gold in today's video update. Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver...Read More
Legendary hedge fund manager Paul Tudor Jones said Thursday that he expects a Democratic sweep in November and that will send markets for a wild ride over the next 12 months.Read More
Topics:Addressing the elephant in the room.Australian media accuses me of masterminding the biggest money laundering and tax evasion scheme in the history of the world.Realtors, accountants, lawyers may soon be required to spy on their clients.Real Bitcoiners respect me. Fake Bitcoiners hate me.PayPal announces Bitcoin news.Dollar weakest in weeks.Peter Schiff is an internationally recognized econ...Read More
What is an appraisal waiver? https://www.foxbusiness.com/money/what-is-appraisal-waiverDanielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly...Read More
With all the volatility and uncertainty that's coming, from record layoffs & business closures, the world re-entering the fall flu season with potential new lockdowns, to the US presidential elections and anticipated aftermath, $80T in LIBOR-SOFR interest rate swap contracts to disrupt the financial world, the specter of record COMEX physical delivery shortage or default... Will "We the People" st...Read More
For Part 1 of this interview, CLICK HEREGeorge 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...Read More
Many other Democrats were listed in the business dealings of Hunter Biden as well. A former business partner has delivered a trove of documents to the press in relation to his dealings with the Biden family and Chinese money. We now know that Joe was signing off on many of these deals proving he lied when he said he did not discuss business with his son. But key contacts for their business dealing...Read More
Demand for rebar and billet in Egypt failed to improve in the week to Thursday, October 22, despite the authorities reducing safeguard duties on the products, sources told Fastmarkets.Steel billet and rebar prices in Egypt were unchanged as a result, they added. The duty for imported billet was cut to 13% for the cif market last week, with a $60-per-tonne minimum, compared with ...Read More