Here are five Fastmarkets stories you might have missed on Monday November 2 that are worth another look.Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on November...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index fell 58.1 points or 5.2% to 1050.80.MACD, our long-term momentum indicator, tumbled 9.41 points to -9.92. Our short-term momentum indicator, RSI, plunged 36% or 22.17 points to 40.02. MACD is a longer-term buy/sell indicator. It is most useful when it's trending in th...Read More
Turkey produced 25.93 million tonnes of crude steel in January-September 2020, a 2.59% year-on-year increase from 25.28 million tonnes in the same period of 2019, the Turkish Steel Producers' Association (T???oeD) said on Monday November 2.This production figure placed Turkey as the seventh biggest steel producer in the world this year, exceeding Germany, which held the position in 2019.Turkey pro...Read More
Domestic hot-rolled sheet steel prices in Russia's Central Federal District around Moscow have remained largely stable over the past seven days despite bullish moves by some producers, while the cold-rolled sheet price inched upward on tight availability, sources told Fastmarkets on Monday November 2.Hot-rolled sheetBuyers were cautious about further price rises in the hot-rolled sheet sector beca...Read More
Prices for domestic and imported merchant bar quality (MBQ) steel in the United States remained flat in the face of steadily rising demand from the construction industry in the West and the South as well as service centers rebuilding their inventories.Fastmarkets' monthly assessment for steel bar 2 x 2 x 1/4 -inch angle merchant products, fob mill US held steady at $35.30 per hundredweight ($706...Read More
CIS exporters of steel rebar and wire rod have turned bullish following the recent uptick in long steel prices globally, and have increased their offer prices to foreign customers, Fastmarkets heard on Monday November 2.Russia-origin rebar was available at $460-463 per tonne fob late last week, sources told Fastmarkets.Ukraine-origin material was offered to customers in various destinations, such...Read More
Domestic steel rebar prices in Russia's Central Federal District around Moscow were mostly stable over the past seven days to Monday November 2 despite producers pushing for higher prices for November deliveries, sources told Fastmarkets. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia remained at 40,000-41,000 roubles ($503-516) per tonne...Read More
Turkish steel producers remained largely quiet in the deep-sea scrap market on Monday November 2, awaiting clarity over the price direction after a national holiday halted trade in the middle of last week.After the public holiday on Wednesday and Thursday October 28-29, a powerful earthquake struck the Izmir region on Friday October 30, resulting in at least 91 deaths and injur...Read More
Seaborne iron ore prices were up slightly on Monday November 2 amid strong demand for steel products, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $118.06 per tonne, up $0.57 per tonne62% Fe low-alumina fines, cfr Qingdao: $118.65 per tonne, up $0.99 per tonne58% Fe fines high-grade premium, cfr Qingdao: $109.74 per tonne, up $0.27 per tonne65% Fe Brazil-origin...Read More
As competition in the global steel markets remains fierce, Fastmarkets provides an update on the new, progressing and closed trade cases from around the world in October 2020.The case list below includes only updates. For other continuing cases this year, see the updates for September, August, July, June, May, April, March, February and January this yea...Read More
Catherine Austin Fitts joins SGT Report to unmask deep state treachery, financial crimes against humanity and other despicable deeds.*The interview begins at 2:45Catherine Austin Fitts is a former Wall Street investment banker, macroeconomic expert and publisher of The Solari Report https://solari.com/.Read More
CNBC's Bob Pisani talks markets and elections with Robert Shiller, Sterling professor of economics at Yale University and a Nobel Prize winner, and Ed Clissold, chief U.S. strategist at Ned Davis Research Group.Robert Shiller is an American economist, academic, and best-selling author. He currently serves as a Sterling Professor of Economics at Yale University and is a fellow at the Yale School of...Read More
**This webcast originally aired live on Hedgeye.com on Oct. 15, 2020**This is an exclusive "Hedgeye Investing Summit" interview between short seller Jim Chanos, President & Founder of Kynikos Associates, and Hedgeye CEO Keith McCullough.Mr. Keith R. McCullough is the Founder and CEO of Hedgeye Risk Management LLC. He covers the strategy sector at the firm. Prior to founding the firm, Mr. McCulloug...Read More
With the U.S. election just hours away, Ben Hunt joins Grant to discuss the narrative heading into a seemingly climactic event upon which so much is riding.Orwell's 1984, the words you need to recognize as both sides try to mobilize opinion and the importance of creating an 'Other' all come under the microscope as does, troublingly, Ben's choice for the big theme of 2021: regime change around the...Read More
Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and financial markets. Unencumbered by the biases of traditional Wall Street research, Jim has built a decades long reputation for objective, incisive commentary that challenges consensus thinking. In nearly 20 years at Bianco Research, Jim's...Read More
The World Health Organization (WHO) recently admitted that lockdowns cause more harm than good. Following this announcement, one would have expected American politicians to immediately end the lockdowns. After all, the WHO 's pronouncements are considered infallible, so much so that social media sites silence anyone who dares challenge the great and powerful WHO. Yet, governors, mayors, and other...Read More
Perhaps unlike ever before, now, even the main stream investment banks are talking about buying silver. And to find out why Bank of America sees the possibility of $50 silver if Biden should win the election, click to watch the video now!Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals.Read More
Effective this week, diners in Michigan are now going to be required to produce their full name and contact information simply for wanting to eat out at a restaurant or bar.Continue...Read More
Former Trump DHS official, now CNN analyst, Miles Taylor got caught blatantly lying on CNN's airwaves to host Anderson Cooper, but The Most Trusted Name In News?,,? doesn't mind at all.Continue...Read More
Polls tighten, raising odds of civil unrest:-Trump drawing insanely large crowds in battleground states, dwarfing Biden's audience;- Minority turnout is disappointing compared to probable Trump voters;- White House building big fence in anticipation, cops are on alert in big cities.If stimulus is delayed through the holidays, mass bankruptcy and default in both private and public sectors. Malls, r...Read More