An overview of the consumer electronics markets and their latest price moves.Ewa Manthey and Dalila Ouerghi...Read More
Turkish steel producers continued to hold back from deep-sea scrap bookings because of limited sales of finished long steel, sources told Fastmarkets on Wednesday April 14.The most recent cargo sale was at the end of last week, when a steel mill in the Iskenderun region paid an average price of $436 per tonne cfr for 35,000 tonnes of HMS 1&2 (95:5) and 15,000 tonnes of shredded.The deal caused a $...Read More
British steel scrap suppliers have mostly settled monthly delivery prices for steel scrap to domestic consumers in April unchanged compared with market levels the month before, amid persistent supply tightness, trade sources said this week.The move follows initial signs around the turn of the month of a potential fall of ?20 ($27) per tonne due to a combination of reasons: downward pressure on Eu...Read More
China's steel scrap import prices narrowed upward on Wednesday April 14, with rises in finished steel prices driving momentum in the market.The country's steel mills continued to raise their bids for imports of HRS101-grade scrap, with at least one bid heard at $490-495 per tonne cfr eastern China.The highest bid from northeast China reached $500 per tonne cfr China on Wednesday, which sources sai...Read More
Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mixed this morning, Wednesday April 14, and broader markets were pleased US consumer prices did not shock to the upside, but markets are likely to remain wary in case corporate earnings do not live up to high expectations.Tuesday's US consumer price index (CPI) reading climbed by 0.6% in March, slightly higher than...Read More
Share this articleThe province appeals to mining investors because it's able to match its relatively strong endowment with competitive policies As Newfoundland and Labrador deals with the effects of COVID-19 and recession, good news economic stories appear to be in short supply. However, a recent survey of investors sheds light on the province's mining potential.Mining plays an important role in...Read More
You should recognize the name Marion King Hubbert.If you've been a veteran reader of mine here at Energy and Capital, I would almost take it personally if you didn't... almost. We've all heard the now-famous story of M. King Hubbert delivering his historic speech that predicted U.S. oil production would soon peak and then enter an irreversible decline - a theory that we will certainly revisit in t...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 14 that are worth another look.Steel producer Feralpi Group has improved the energy efficiency of its Brescia plant in Italy with help from energy company Enel X, reducing its carbon emissions to help meet its sustainability targets, the company said on Tuesday...Read More
Domestic prices for hot-rolled coil continued to rise across Europe on Wednesday April 14 because demand exceeded supply, sources told Fastmarkets.The number of deals was limited, however, because producers preferred to trade smaller volumes and returned to the market only with short-validity offers. Such tactics, combined with low stocks and good demand from end-consumers, supported an uptrend in...Read More
Turkish steelmaker Tosyali Iron and Steel has ordered a second quantum electric-arc furnace (EAF) from Primetals Technologies, Primetals said.The quantum EAF will produce 2 million tonnes per year of liquid steel and can be operated with a mixture of scrap or varying composition of hot briquetted iron (HBI), Primetals said.Tosyali ordered its first quantum EAF in December 2020, together with a two...Read More
Domestic prices for steel wire rod in Southern Europe were largely unchanged over the past week, although producers were reported to be mulling an increase for May, Fastmarkets heard on Wednesday April 14.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?660-670 ($787-798) per tonne on Wednesday, unchanged since March 31.The assessm...Read More
Prices for steel hollow sections in Europe jumped on Wednesday April 14 due to mills passing on soaring feedstock costs, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe was ?,?950-1,050 ($1132- 1,251)per tonne on April 14, up from ?,?920-950 per tonne one week previous.The ongoing shortage of hot-rolled coil (HRC) - the feedst...Read More
Steel rebar prices is the north of Europe were flat in the week to Wednesday April 14, despite subdued buying activity in some countries and customers pushing for discounts, Fastmarkets heard.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe remained at ?,?650-670 ($775-798) per tonne on April 14, unchanged week on week.After a splash of bu...Read More
Turkish steel producers continued to hold back from deep-sea scrap bookings because of limited sales of finished long steel, sources told Fastmarkets on Wednesday April 14.The most recent cargo sale was at the end of last week, when a steel mill in the Iskenderun region paid an average price of $436 per tonne cfr for 35,000 tonnes of HMS 1&2 (95:5) and 15,000 tonnes of shredded.The deal caused a $...Read More
0:22?EUR< - Marc's Prior Winners1:35?EUR< - Investment Philosophy7:34?EUR< - Current Geopolitical Environment9:38?EUR< - The Rise of The East & Stagnation in the US15:36?EUR< - Investing Outside of the US and Value Stocks17:13?EUR< - Investing in China and are Communism and Debt and Concern?23:11?EUR< - European Equities26:24?EUR< - A Grim Future (War, Inflation, A Weakened Fed) and How to Protect...Read More
1:47?EUR< How the world has changed since Jim Rogers first published Investment Biker and Adventure Capitalist?6:23?EUR< Are looking at another stock market crash? When will it happen? Will technology (and productivity growth) be around to save us?12:53?EUR< Are we headed for a drop of 50-80% in stock prices?15:24?EUR< Is the Fed responsible for the bubble?18:07?EUR< Are we headed for inflation or...Read More
The stock market's capitalization is 200% of GDP. Margin debt has never been higher. Is the party over? If you listen to the Fed they claim that inflation is transitory. YOY inflation was 2.6%. Core inflation was under 2%. The Fed doesn't even look at consumer price inflation. Everything is a substitute for everything else. The Fed's mandate is stable prices, haha. Next month's CPI will be over 3%...Read More
Willem's Twitter: https://twitter.com/wmiddelkoop?EUR
New reports have Credit Suisse now admitting to over $7 billion (and counting) in losses from a bad $320 billion loan to family office Archegos when Credit Suisse bank was adamant only a few weeks ago that, at most, the bank would lose $5 billion. We may never find out the real amount of losses as the real amount will probably be swept under the rug to save face. They may need an ECB/Fed bailout s...Read More
"$50 will just be a pit-stop for silver on the way to higher prices" - Jeff Clark. Link to Australian Real Estate Bubble video: https://www.youtube.com/watch?v=lbiQe...?EUR< Join Mike Maloney and Jeff Clark in today's video to find out why they both whole-heartedly believe the above statement. ?>>?Download Mike's best-selling book for free here: https://pages.goldsilver.com/freebook?EUR< Thanks fo...Read More