Domestic prices for European heavy steel plate increased again in the week to Wednesday April 21, supported by rising slab costs and a redirection of plate supplies from the spot market to projects, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?840-850 ($1,012-1,024) per tonne on April 21, up by ?,?30-40 per tonne from ?...Read More
Market sentiment in the European hot-rolled coil segment has remained bullish so far this week, with buyers struggling to secure volumes from both domestic and overseas suppliers, sources told Fastmarkets in Wednesday April 21. Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?956.25 ($1,151.90) per tonne on Wednesday, up by ?,?2.50 per tonne fr...Read More
Sentiment in the European cold-rolled coil market has remained bullish due to material shortages at domestic mills and limited oversea alternatives, sources told Fastmarkets on Wednesday April 21.As a result of the tight supply, buyers have been ready to accept higher prices for CRC materials, but the number of deals has been nominal because mills were either holding back from offering in the spot...Read More
Here are five Fastmarkets stories you might have missed on Wednesday April 21 that are worth another look.Over July 2020 to March 2021, BHP's metallurgical coal production volume came to 29 million tonnes, down by 2% year on year, BHP's latest quarterly report on April 21 shows.Bipartisan...Read More
Prices for steel hollow sections in Europe moved higher on Wednesday April 21 because feedstock costs were continuing to climb, sources told Fastmarkets.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?1,050-1,120 ($1,265-1,349) per tonne on April 21, up from ?,?950-1,050 per tonne on April 14."Prices have increased very quickly and aggressivel...Read More
European steel H-beam prices were unchanged week on week on Wednesday April 21, with producers starting a new push for increases, sources have told Fastmarkets.Fastmarkets assessed the weekly price for steel beams, domestic, delivered Northern Europe, at ?,?750-780 ($903-940) per tonne on Wednesday, unchanged week on week."Exports from the European mills are at a good level. There is currently no...Read More
Turkish deep-sea scrap import prices have rebounded once again with fresh bookings done following successful Turkish export rebar and billet sales, market participants said on Wednesday April 21. A steel mill in the Iskenderun region booked a European cargo, comprising 22,500 tonnes of HMS 1&2 (80:20) and 12,500 tonnes of a mixture of plate and structural (P&S) and HMS 1 at an average price of $42...Read More
Offer prices for ferrous scrap imports into China increased sharply on Wednesday April 21 amid bullish sentiment in the key supplier, Japan.The highest offers heard were at $520-530 per tonne cfr north China, equivalent to $510-520 per tonne cfr east China.Bid prices were heard at $495-500 per tonne cfr north China, equivalent to $485-490 per tonne cfr east China.Sentiment in the Japanese market h...Read More
Gold's price pattern has put in a bottom for now, but there is no certainty that the trend now has turned definitively bullish, said Chris Vermeulen, chief market strategist at TheTechnicalTraders.com. "I think gold's put in a bottom, it feels like it, the charts look like it, but really, we're not confirmed that...the trend is now up," Vermeulen told David Lin, anchor for Kitco News. 0:00?EUR< -...Read More
In this video, we have Rick Rule. Rick is a legendary commodities, gold, silver and Uranium investor. He discusses his macroeconomic outlook on the economic system, why he says it's horridly fascinating, and what you can do about it to prepare yourself financially.Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is...Read More
Eric sources questions from Lynette's viewers and Lynette responds with organic and unrehearsed answers. If you have a question for Lynette and Eric, please either submit your question though YouTube, Facebook, Twitter, or email to [email protected] If you enjoyed the Q&A with Lynette Zang, please like, subscribe, and share in order to help Lynette fight the fiat money disease!Question 1: 2:03?EU...Read More
Tom welcomes back experienced investment professional David Hunter of Contrarian Macro Advisors.Talking Points From This Episode- Parabolic melt-up into a secular top followed by an 80% bear market- Global deflationary bust followed by an inflationary recovery cycle- Dollar weakness now followed by big dollar rally during the bust- Gold & silver emerging from 8 month consolidations with big upside...Read More
In August last year gold finally breached $2,000 an ounce for the first time. Since then, developments that traditionally been supportive of gold have come fast and think. Democrats took the Presidency and Congress, debt exploded, and money creation went through the roof. But gold pulled back more than 15%. What caused this counterintuitive decline? Has it run its course? What will it take to put...Read More
While Biden's Secretary of State Blinken is echoing the talking points of the Prophetess of Doom, Greta Thunberg, much of the rest of the world is orienting toward economic development, fueled by the kinds of higher energy-flux density power systems rejected by the Davos billionaire's Green New Deal. Long-term psy-ops run against the U.S. population by the brainwashing think tanks of the British E...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
David Smith says #SilverSqueeze?EUR< stained the silver supply. The supply continues to be tenuous. He expects further supply issues going forward as more people move into the sector. Find David online: http://TheMorganReport.com?EUR<0:00?EUR< Intro1:01?EUR< Gold/silver rally2:36?EUR< 1970s gold bull4:56?EUR< Inflation6:12?EUR< Current gold bull7:37?EUR< Silver bull9:07?EUR< Silver demand11:34?EUR...Read More
Podcast host and comedian tells 'Fox News Primetime' comedians aren't up to the challenge of poking fun at Biden.Read More
"We had really expected it would be better for the younger group," said lead author Ilan H. Meyer, a distinguished senior scholar ofContinue...Read More
We all know that is the reality of this liquidity-fueled market, but we keep investing for "Fear Of Missing Out."Continue...Read More
Getting massacred on the edge of the stock market. Nikola, one of the most prominentContinue...Read More