Key data from Fastmarkets' pricing session in China on Friday March 26.Key drivers China's cobalt metal prices moved up amid rising local futures prices. Spot demand remained thin, with buyers cautious about accepting higher prices.Chinese cobalt tetroxide prices were rangebound at current levels amid a continued bid-offer stalemate....Read More

Here are five Fastmarkets stories you might have missed on Monday March 29 that are worth another look.Asia will soon be hit by a "steel tsunami," a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Fastmarkets' premium for...Read More

U.S. markets are back in the red across the board to kick off this week's trading. The forecast for stocks this week: more volatility, more surprise up-and-down swings, and, come Friday, the major indexes will squeeze out some modest gains.Now, there's nothing wrong with small gains during a choppy, sideways stock market. Any gain is better than no gain, and certainly better than taking a loss. P...Read More

Domestic prices for steel hot-rolled coil increased substantially across Europe over the week to Friday March 26 while transaction prices in Northern Europe have reached a new multi-year high.Following a rise in transaction prices, ArcelorMittal pushed its official offers for HRC to ?,?900 ($1,061) per tonne ex-works, an increase of ?,?50 per tonne over its previous offers in Northern Europe, and...Read More

Domestic hot-rolled sheet prices in Russia's Central Federal District around Moscow moved up in the week to Monday March 29, supported by improving buying activity and rising export prices, sources told Fastmarkets.Hot-rolled sheetBuying activity in the region has continued to pick up over the past week amid a seasonal improvement in end-user demand, restocking, sources said.Official domestic offe...Read More

CIS producers of steel rebar and wire rod have continued to give discounts to foreign customers amid increased competition, particularly with Turkish suppliers, which reduced prices in the week ended March 26 amid falling scrap costs and a depreciation of the Turkish lira.Wire rod offers from Russia were heard on Monday March 29 within the range of $670-685 per tonne fob Black Sea, depending on su...Read More

Domestic prices for steel rebar in Russia's Central Federal District around Moscow increased again over the past week, driven by improving demand, sources told Fastmarkets on Monday March 29.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 53,000-54,000 roubles ($699-712) per tonne, including 20% value-added tax, on March 29. This was up by 1,000-2...Read More

Asia will soon be hit by a "steel tsunami", a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Looming China export rebate cutThe looming export rebate cut in China, possibly from 13% to 9%, is likely keep prices higher in the coming months, he said."We are already seeing this effect now, with...Read More

Here are five Fastmarkets stories you might have missed on Monday March 29 that are worth another look.Asia will soon be hit by a "steel tsunami," a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Fastmarkets' premium for...Read More

0:00?EUR< - Market volatility1:24?EUR< - Higher taxes4:40?EUR< - Stocks that have crashed8:32?EUR< - Higher taxes and higher interest rates9:35?EUR< - Gold10:41?EUR< - Oil11:35?EUR< - Geopolitical risks14:23?EUR< - Chart gameWhile markets have not reacted negatively to hints from Janet Yellen about hiking taxes, Gareth Soloway, chief market strategist of InTheMoneyStocks.com, said that investors a...Read More

Gun control was already a Biden Administration priority before the recent shootings in Georgia, Colorado, and Virginia. In fact, the House of Representatives passed two gun-control bills weeks before the shootings.One of the House-passed bills expands background checks to include private sales, including those made at gun shows. Under this bill, someone who is not a licensed federal firearms deale...Read More

Jim Bianco has decades of experience as a macro markets researcher. He's been leading his firm Bianco Research since 1990, which has family offices and traditional money managers as clients. He was at UBS and Lehman Brothers before that. He's as TradFi as it gets, but recently, he's been falling down the crypto rabbit hole -hard. He says that while bitcoin was interesting as an investment, to him...Read More

Cadence Minerals has started the shipment of iron ore from stockpiles at its joint venture Dev Minera????o's, in Brazil's northern Amap?? state, the company said on Monday March 29.The shipment, which is the first since the site was closed in 2015, is for 45,000 tonnes of iron ore that due to sail this week. Fastmarkets' index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao was calculate...Read More

Joe Rogan accidentally lets it slip that Spotify is censoring his show, as many people suspected there were strings attached to his purported 100 million dollar deal with them for his podcast. Read More

One would have hoped that if the global financial community had learned one lesson from the covid crisis, it would be that companiesContinue...Read More

Asia will soon be hit by a "steel tsunami", a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Looming China export rebate cutThe looming export rebate cut in China, possibly from 13% to 9%, is likely keep prices higher in the coming months, he said."We are already seeing this effect now, with...Read More

More than 2 weeks after the media predicted catastrophe due to Texas lifting its mask mandate and Joe Biden labeled the move "neanderthal thinking," Continue...Read More

"According to the Census Bureau American Housing Survey, 32% of renters reported that they would move in with friends or family members upon eviction, which would introduce new household members and potentially increase household Continue...Read More

The United States government has shoveled itself into a $28 trillion hole. How does it plan to Continue...Read More

Asia will soon be hit by a "steel tsunami", a veteran trader in Vietnam told Fastmarkets recently, with a combination of factors expected to keep prices high into the second and third quarters of 2021.Looming China export rebate cutThe looming export rebate cut in China, possibly from 13% to 9%, is likely keep prices higher in the coming months, he said."We are already seeing this effect now, with...Read More