Ferrous scrap prices rose in the two Mexican regions assessed by Fastmarkets, with supply becoming scarcer and some buyers no longer able to obtain cheap material.In the central Baj?-o region and that near Monterrey city, there were increased reports of busheling being sold above 10,000 pesos ($486) per tonne, although not all sellers were able to obtain such deals. Higher prices for other gr...Read More

Turkish deep-sea scrap import prices strengthened again on Tuesday April 6, with reports of a fresh Baltic Sea cargo, market sources told Fastmarkets.A steel mill in the Iskenderun region booked the Baltic Sea cargo of 20,000 tonnes of HMS 1&2 (95:5) at $430 per tonne cfr on Friday April 2.The previous deep-sea deal took place on April 1, when a steel mill in the Marmara region booked a Europ...Read More

Import prices for heavy scrap into China are have continued to increase in the week to Tuesday April 6, amid strong domestic demand and regional rebounds, market sources told Fastmarkets.Buyers increased their bids to $465 per tonne cfr northern China, with offers at $500-505 per tonne cfr northern China.Key market sources estimated that the spot price for imported HRS101 scrap into northern China...Read More

Artisanal cobalt produced in the Democratic Republic of Congo and formalized by the Entreprise G?(C)n?(C)rale du Cobalt (EGC) can help fill a supply deficit created in the uptake of electric vehicles (EVs), according to EGC chief executive officer Jean-Dominique Takis. "We are all aware that the increase in demand for cobalt is directly linked to energy transition... We do not expect a substantial...Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 6 that are worth another look.The price spread between 62% Fe and 65% Fe iron ore fines reached a historical high in March as a result of various factors, according to market sources.Read More

Domestic prices for steel hot-rolled coil increased further across Europe over the week to Thursday April 1 due to a material shortage and good demand.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?843.33 ($993.44) per tonne on April 1, up by ?,?21.66 per tonne week on week and by ?,?103.33 per tonne month on month.The calculation of Thursday's in...Read More

Flat-rolled steel product export prices from the Commonwealth of Independent States (CIS) jumped again during the week to Tuesday April 6 sue to an overall shortage of material in the global market, sources said.Fastmarkets' weekly price assessment for steel hot-rolled coil (HRC), export, fob Black Sea, CIS was $885-895 per tonne on Tuesday, up by 5.64% from $830-855 per tonne on March 29."De...Read More

Wire rod export prices from the Commonwealth of Independent States (CIS) region surged over the past week, supported by rising costs in the domestic and in competitor markets, Fastmarket learned.Russia-based Industrial Metallurgical Holding (IMH) increased wire rod offers to $740-750 per tonne fob Black Sea from $680-685 per tonne a week earlier amid higher costs in the domestic market."...Read More

Domestic steel rebar prices in Russia's Central Federal District around Moscow edged up again on good end-user demand and tight supplies in April due to planned stoppages at key producers, sources told Fastmarkets on Tuesday April 6.Fastmarkets' price assessment for steel reinforcing bar (rebar), domestic, cpt Moscow, Russia, was 54,000 roubles ($707) per tonne, including 20% value-added tax, on A...Read More

Rebar prices in the United Arab Emirates fell in the week to Tuesday April 6, despite improving demand, sources told Fastmarkets.The Islamic holy month of Ramadan will soon start and demand is unlikely to improve further because of reduced working hours in the country.Rebar producers in the UAE rolled over their prices in effect from March 22.The country's steel producers are officially offering r...Read More

Here are five Fastmarkets stories you might have missed on Tuesday April 6 that are worth another look.The price spread between 62% Fe and 65% Fe iron ore fines reached a historical high in March as a result of various factors, according to market sources.Read More

Ferrous scrap prices rose in the two Mexican regions assessed by Fastmarkets, with supply becoming scarcer and some buyers no longer able to obtain cheap material.In the central Baj?-o region and that near Monterrey city, there were increased reports of busheling being sold above 10,000 pesos ($486) per tonne, although not all sellers were able to obtain such deals. Higher prices for other gr...Read More

0:00?EUR< Intro0:50?EUR< Gold4:31?EUR< Silver8:29?EUR< Palladium9:48?EUR< Platinum11:15?EUR< Bitcoin13:45?EUR< Financial catastrophe15:49?EUR< Stock market17:47?EUR< Portfolio diversificationEasy money policy and money printing could lead to financial catastrophe, says Gareth Soloway, Chief Market Strategist at http://InTheMoneyStocks.com?EUR<. He says minimum of a 10% allocation to alternative as...Read More

The Federal Reserve recently discontinued updating the M1 and M2 weekly money supply series and is instead updating the series monthly. Steve Hanke, professor of Applied Economics of Johns Hopkins University, said that this change reflects a change in attitude from the world's largest central bank on the importance of looking at money supply.0:00?EUR< - Money supply data discontinued7:09?EUR< - Ch...Read More

There's a point at which even the banks cannot drive the price lower. You get to a point where you can't allow too large a divergence or you risk the system imploding. We've seen it numerous times, most recently March 2020 and again last week. Many technical and fundamental reasons why it's probably going higher. Dollar peaked. Bond market double topped. At some point the down trend lines end. Cou...Read More

Turkish deep-sea scrap import prices strengthened again on Tuesday April 6, with reports of a fresh Baltic Sea cargo, market sources told Fastmarkets.A steel mill in the Iskenderun region booked the Baltic Sea cargo of 20,000 tonnes of HMS 1&2 (95:5) at $430 per tonne cfr on Friday April 2.The previous deep-sea deal took place on April 1, when a steel mill in the Marmara region booked a Europ...Read More

Thanks for joining us for the 3rd installment of our monthly precious metals' projections with Chris Vermeulen of the Technical Traders. Each month Chris and Craig takes us through the key charts to help explain what's going on with precious metals and what's trending for the next month.Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is a...Read More

1. The major stock indexes are basically flat today. This kind of move is common after a big rally like we saw yesterday. The bottom line, the central banks around the world are propping the markets up and they are not going to stop. It will take an event in the market for them to change course. I'm not sure what that event or catalyst will be, but it is coming. Last week, a major hedge fund blew...Read More

Have you ever heard someone complain that the free market is to blame for the problems we face? What most people don't realize is that they are barking up the wrong tree. We don't have free markets, as Mike Maloney explains in today's video clip.Link to "I, Pencil": https://goldsilver.com/blog/i-pencil/Michael Maloney is a precious metals investment expert and historian. He is the founder and owne...Read More

00:00?EUR< - Intro00:42?EUR< - All financial markets are broken03:53?EUR< - Yield Curve Control05:03?EUR< - Rising inflation07:06?EUR< - Rising stock markets, rising bond yields, money printing and much more...11:06?EUR< - Massive rally in cryptocurrency market14:40?EUR< - Why Silver is going to cause the breakdown, not GOLD!16:24?EUR< - There is no price discovery in silver market anymore, just C...Read More