Indian authorities have decided to slash export rebates, in a move which market participants expect will raise prices for steel shipped out of the South Asian nation, Fastmarkets understands.An Indian steel trader told Fastmarkets that a final decision on the matter was still under discussion, but he expected that the rebate he received on steel exports would be cut from a current 2.5-3% per trans...Read More
Major Indian steelmakers saw a sharp increase in domestic sales in August, allowing them to focus more attention on the home market rather than having to rely on exports.Integrated steelmakers such as Jindal Steel & Power Ltd (JSPL) turned to exports during the first quarter of 2020, when weak domestic demand coincided with a growing need for steel in regions such as...Read More
Poland's rebar producers managed to push through a price increase in the week to Friday September 4, supported by stronger buying with sentiment in the market remaining bullish, sources have told Fastmarkets.Buying activity picked up this week on restocking activity and a strong construction sector, sources said."Demand did pick up with many of our customers declaring the start of new construction...Read More
Rebar prices in Eastern China were flat on Friday September 4, but up on a week-on-week basis following an increase in the cost of raw materials.DomesticEastern China (Shanghai): 3,670-3,700 yuan ($536-541) per tonne, unchangedNorthern China (Beijing) weekly assessment: 3,660-3,690 yuan per tonne, up by 40 yuan per tonnePrices in the eastern region have increased by 30 yuan per tonne from last Fri...Read More
Global scrap prices have increased in the past week on stable demand from major importing countries such as Turkey and Vietnam. Many market participants in Asia expected the price uptrend to continue in the near term.Import price in Turkey reaches $300 per tonne cfrUS East Coast price surges upward by $11 per tonneTaiwanese buyers fail to achieve lower pricesVietnam spot liquidity limited on major...Read More
High demand in Brazil's export and domestic markets pushed pig iron export prices up during the week to Friday September 4.Fastmarkets assessed the price of pig iron, export, fob port of Vitoria/Rio, Brazil, at $350-360 per tonne on Friday, up by $10 per tonne from $340-350 per tonne one week earlier.A new sale was heard to China...Read More
The import pig iron market in the United States went up during the week to Friday September 4 on new bookings after several months of silence.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, went up to $360-365 per tonne on Friday, from $355-360 per tonne a week before.One US buyer booked...Read More
"Everywhere you look we're avoiding war by inches."Harley Schlanger's work can be found at LaRouchePAC.com.Read More
Sprott Money News ? Sprott Money News Weekly Wrap-up - 9.4.20Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipien...Read More
This week's guest expert, Brent Johnson of Santiago Capital explains the Dollar Milkshake Theory and why he predicts the vast one-sided trade against the US dollar is dangerously wrong. In the short term, if surprised by a sharply-rising dollar, markets will likely sell-off further.Brent Johnson is the CEO of Santiago Capital http://www.santiagocapital.com/.Adam Taggart is the President and Co-Fou...Read More
For Part 1 of this interview, CLICK HEREJ.P. Morgan traders have already acknowledged cheating silver investors. And as other banks are beginning to pay fines for doing so, will there be options for silver investors to get reimbursed by the banks that have manipulated the price?Andrew Maguire of Kinesis Money talked about that, as well as the Department of Justice case. And to find out what he sai...Read More
We discuss 1) the errors in ignoring scaling for pandemics, why a doctor's micro-expertise doesn't transfer to collective risks, 2) how evidence based medicine is closer to anecdote based medicine owing to silent risks, 3) the risks of morbidity must be accounted for 4) how the dangers of vaccines do not scale.Nassim Taleb spent 20 years as a derivatives trader and, after closing 650,000 option tr...Read More
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 the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom,...Read More
Google and Apple phones are now being modified by the companies complicit in fascism to include full contact tracing. Everything you do will be trackedContinue...Read More
This is indeed a conspiracy by those running Twitter to YouTube to suppress the truth and further the destruction of all our rights and freedoms. This is about supporting an agenda to crashContinue...Read More
Like it or not, governments now play a major role in determining who has access to and who can use capital.In a sense, they have positioned themselves in the center of the capital allocation chessboard.Continue...Read More
Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," as well as a popular daily financial blog: www.jugglingdynamite.com. Danielle worked as an attorney until 1997 when she was recruited to work for an intern...Read More
"We could have another 10% fall, easily ... if people start thinking fundamentals," he said.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 also served as a member of the faculty of Harvar...Read More
US researchers working to test potential COVID-19 vaccines are facing a critical shortage of one essential resource - monkeys.Continue...Read More
According to The Atlantic magazine's sources, Mr. Trump has repeatedly disparaged the intelligence of service members, and asked that wounded veterans be kept out of military paradesContinue...Read More