Domestic hot-rolled coil prices in Northern Europe have been fairly stable on Friday November 27 but the mood in the market remains upbeat, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?560.00 ($667.21) per tonne on Friday November 27, down by ?,?1.25 per tonne from ?,?561.25 per tonne on Thursday.The index was, however,...Read More

Brazilian steelmakers' association Instituto A??o Brasil revised its forecast for the country's steel market for the last time this year on Friday November 27, reversing its expectations for a year-on-year sales volumes increase in 2020.The institute changed its estimates for domestic steel shipments to 18.89 million tonnes this year, 0.5% higher than 18.8 million tonnes last year. This reverses a...Read More

Rebar producers in Egypt added E ?500-650 per tonne ($32-41) per tonne to their rebar prices on Friday November 27.The country's biggest producer Ezz Steel is now offering rebar at E ?11,100 per tonne ex-works, including 14% VAT, up from E ?10,600 per tonne ex-works.Read More

Ukraine is set to impose a special duty on steel rebar imports from neighboring Belarus at a rate of 16.08% in response to "discriminatory and unfriendly actions by Belarus against Ukrainian steel producers," according to a notice published in a government newspaper earlier this week.The duty will affect carbon and other alloy round and deformed bars in diameters up to 40mm, both cut-to-length and...Read More

Global ferrous scrap prices continued on an upward trend due to supply tightness and strong demand by steelmakers in the week ended Friday November 27.Strong demand in Turkey to feed domestic, export marketsLimited transactions in US because of Thanksgiving holidayStrong demand in Vietnam on supply shortageContainer shortages in Taiwan support import pricesIndian prices move upward once more.Turke...Read More

The price for pig iron exports from Brazil increased further during the week to Friday November 27 on sales to the United States, Fastmarkets has heard.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil, at $405 per tonne on Friday, up from $390-395 per tonne a week before.A sale was done to the US, where buyers needed to...Read More

Turkish steel mills continued their deep-sea scrap bookings for January shipment and prices continued to climb on Friday November 27, supported by strong demand in the country's finished steel markets.A steel mill in the Izmir region booked a Baltic Sea cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $350.50 per tonne and 7,000 tonnes of bonus scrap at $360.50 per tonne cfr.And a steel...Read More

CIS billet suppliers continued to push for higher prices after completing few sales to Turkey while buyers at other destinations were largely quiet, struggling to keep up with the price rally, market sources told Fastmarkets on Friday November 27.By the end of this week, offers from most CIS mills had surged to $500-510 per tonne fob Black Sea, according to those sources. While some producers were...Read More

Mike Maloney forecasts what's next for money, markets & bitcoin...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 sales/storage and one of the world's most highly regarded investment education companies. He is author of the highest selling precious metals investment book of all time, Rich Dad's...Read More

This week Craig will be flying solo for the Weekly Wrap Up as Eric continues to take time off to be with his wife and family. Craig talks about the events driving precious metals prices this week and looks ahead into year end and 2021. Thanks for all your kind words and concern for Eric and his family during this difficult time.Known primarily by his nickname "Turd Ferguson," Craig Hemke is the fo...Read More

Mohamed El-Erian, Queens' College University of Cambridge President and stock market expert, gives his thoughts on the latest macro trends.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian a...Read More

Brent Cook answers listener questions on the mining sector and offers his opinion on a few specific mining companies. Brent Cook is an independent exploration analyst with over 30 years of experience in both property economics and geology evaluations. Brent received a BSc in Geology from Utah State University in 1978. As a seasoned geologist, Brent's knowledge spans all areas of the mining busines...Read More

Paul Craig Roberts, economist and former aide to President Ronald Reagan, speaks with our Daniela Cambone about the economic outlook as the White House begins its transition to a Biden administration. He also talks about his preference for gold as an investment vehicle, despite recent charges against banks like JP Morgan for spoofing metal prices. Paul Craig Roberts is an American economist and a...Read More

David Stockman, who served as director of the Office of Management and Budget under Ronald Reagan, strongly opposed the re-election of Donald Trump - not on NeverTrump grounds, but because Stockman favors sound money and fiscal rectitude. Walter Block, probably the most prolific academic libertarian in the world, thinks Trump needs to be compared to the likely alternative. Today they hash it out....Read More

Bitcoin and cryptocurrency are not hurting Gold. The answer is no. Gold has performed inline with its fundamentals and the points where Bitcoin has surged and Gold has not (recently & 2017) Gold's fundamentals were not bullish or it was digesting a previous huge move.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and ed...Read More

Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWee...Read More

Glenn Greenwald is a journalist, constitutional lawyer, and author of four New York Times best-selling books on politics and law. His most recent book, "No Place to Hide," is about the U.S. surveillance state and his experiences reporting on the Snowden documents around the world. Prior to co-founding The Intercept, which Glenn parted ways with in 2020, Glenn's column was featured in the Guardian...Read More

"Grocery stores, banks, an auto service center, a package distribution and mailing center, and local business storefronts were damaged," police said.Continue...Read More

Monthly alloy steel surcharges in Europe have increased for December because of higher nickel and molybdenum costs, market sources said on Friday November 27.Fastmarkets' stainless steel cold-rolled sheet 2mm grade 304 alloy surcharge domestic, Europe was calculated for December at ?,?1,507-1,516 ($1,796-1,806) per tonne, up by ?,?60-61 per tonne from the November level of ?,?1,446-1,456 per tonne...Read More

Harley Schlanger's work can be found at LaRouchePAC.com and The Schiller Institute.Read More