The uptrend in Europe's hot-rolled coil market continued on Thursday April 8, with prices supported by a persistent lack of material, while ArcelorMittal has increased offer prices again, Fastmarkets heard. Fastmarkets calculated its daily steel hot-rolled coil index domestic, exw Northern Europe at ?,?895 ($1,065.41) per tonne on April 8, up by ?,?1 per tonne from ?,?894 per tonne on Wednesday Ap...Read More
The European Commission (EC) will terminate the anti-subsidy investigation into hot-rolled coil (HRC) from Turkey without imposing duties, according to a letter sent from the EC to the interested parties on April 7 and seen by Fastmarkets.This decision, however, will come into force only after the Official Journal of the European Union is published, Fastmarkets understands.In February 2021, t...Read More
Here are five Fastmarkets stories you might have missed on Thursday April 8 that are worth another look.The European Union's second-quarter quota for steel imports opened just one week ago, and some long steel suppliers have already used a large portion of their allocations, with sources expecting long steel volumes to be absorbed very quickly,...Read More
The European Union's second-quarter quota for steel imports opened just one week ago, and some long steel suppliers have already used a large portion of their allocations, with sources expecting long steel volumes to be absorbed very quickly, thus depriving European customers of diverse supply options,Fastmarkets understands.Russia Russian mills have already consumed about 80-90% of both thei...Read More
Market participants in Egypt continued to wait for the easing of construction regulations, leaving rebar prices unchanged since 2020, sources told Fastmarkets on Thursday, April 8.Demand for rebar in the country has remained weak since the imposition of a construction ban in May 2020 and has stayed that way despite a slight relaxation of the rules in September 2020.The Egyptian government is expec...Read More
Hybrit, the joint venture involving Swedish steelmaker SSAB, iron-ore producer LKAB and power company Vattenfall, will build a hydrogen storage facility as part of its plans for fossil-free steel production, it announced on Wednesday April 7. Hybrit will build a rock cavern storage facility for fossil-free hydrogen gas next to its pilot facility for direct reduction in Lule??, Sweden.The inve...Read More
Bangladeshi steelmakers have continued to book United States-origin deep-sea scrap cargoes over the last week, with prices moving up slightly, sources told Fastmarkets on Thursday April 8.A Bangladeshi mill bought two cargoes of 30,000 tonnes from the US West Coast at an average price of $465 per tonne cfr for a composite cargo of heavy melting scrap 1&2 (80:20) and shredded scrap last week, Fastm...Read More
Turkish steel mills continued with their deep-sea scrap purchases for May shipments at steady prices on Thursday April 8, sources told Fastmarkets.A steel mill in the Iskenderun region booked a US cargo, comprising 32,000 tonnes of HMS 1&2 (80:20) at $433 per tonne, 3,000 tonnes of shredded at $438 per tonne and 3,000 tonnes of bonus scrap at $443 per tonne cfr.A steel mill in the Izmir region boo...Read More
In today's bumper episode of the GoldSilver.com show:- The War On Cash accelerates.- A major silver producer holds back production, waiting for higher prices.- A central bank massively increases their gold reserves.- A precious metals mint has problems supplying product to customers.Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com,...Read More
Gerald Celente, publisher of the Trends Journal, speaks with our Daniela Cambone about the current economic recovery plan. "It's all going to come crashing down," he warns in this interview with Stansberry Investor. Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from t...Read More
Blog: https://www.itmtrading.com/blog/hidin...Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as...Read More
Market maker Todd "Bubba" Horwitz was one of the original market makers in the SPX Trading Pit at the Chicago Board of Options Exchange. Now he sees a financial meltdown coming which could be triggered by rising rates.0:00?EUR< Intro0:51?EUR< Shorting metals3:26?EUR< Holding physical metals5:56?EUR< Silver is not GameStop9:33?EUR< Stock market12:43?EUR< Crash coming14:36?EUR< Stimulus to infinity?...Read More
In this episode of the Keiser Report, Max and Stacy look at the explosion in mortgages for second properties. In the second half, Max interviews Wolf Richter of wolfstreet.com about whether or not the debt is sustainable.Max Keiser is a former stockbroker and an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. Keiser invented "Virtual Specialist Tec...Read More
Jason talks about even more insane examples of what central bankers are doing!The ECB's balance sheet is now 75% of EU GDP?The Bank of Canada, Canada's central bank, now owns 40% of all Canadian government bonds in a short amount of time?In Q1 2021, major central bank balance sheets crossed over $25 trillion and are now 57% of total global GDP?Jason Burack is an investor, entrepreneur, financial h...Read More
Jamie Dimon touts optimistic fairy tales.Moratoriums on evictions and student loan payments boosting consumer spending.The 70's were an economic disaster because of the policies of the 60's.Fed betting the house on inflation being transitory.China's digital Yuan threatens both Bitcoin and the US Dollar.Peter Schiff is an internationally recognized economist specializing in the foreign equity, curr...Read More
Economist Danielle DiMartino Booth sits down with Professor. In this interview they talk about how banking works, the role it plays in society and what quantitative easing really is. Reach out to Richard Werner on twitter here: https://bit.ly/3cVWHXs?EUR
Marc Faber discusses the "Great Reset", the failure of democracy, and the central bank bubble economy. He looks at the merits of capitalism, the failures of socialism, and the rise of China. Peering into the future of U.S. empire, a Soviet-style collapse is possible and the dollar will lose its reserve status, but the geopolitical danger point comes when the stimulus effects wear off and Washingto...Read More
George 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 the age of 38, George semi retired and...Read More
00:00?EUR< Introduction02:40?EUR< Pandemic situation in Europe04:34?EUR< Archegos collapse tip of the iceberg?12:04?EUR< Negative real yields vs gold20:45?EUR< Point of insanity is here28:25?EUR< Window to protect wealth getting smaller32:10?EUR< Similarities with collapse of Roman empire34:25?EUR< New Bretton Woods system coming?39:04?EUR< Live a good lifeEgon von Greyerz is founder and Managing...Read More
Craig Hemke, widely followed analyst and founder of The TF Metals Report, returns to Liberty and Finance to discuss HOT TOPICS:- The Carrot & The Stick: COVD Relief checks as UBI dole vs. Cashless Society and Vaccine Passport punishment- Synthetic silver owners flight to physical amid critical shortage at mints, dealers, & ETFs- Groundswell Run on Silver: How it's playing out!- Real estate bubble:...Read More