The US Commerce Department has ruled that imports of corrosion-resistant (Core) steel products completed in Malaysia using carbon hot-rolled steel and/or cold-rolled steel flat products manufactured in Taiwan circumvented anti-dumping and countervailing duties on Taiwanese substrate.The material will be assigned anti-dumping rates as high as 199.43% and subsidy rates as high as 39.05%, Commerce ru...Read More

Brazilian vehicle production rose by 348% in May 2021, compared with the corresponding period last year, when the Covid-19 pandemic led to several plant closures and resulted in output plummeting, national carmakers' association Anfavea said on Tuesday June 8.The country produced 192,843 units last month, significantly up from 43,080 units in May 2020. The May volume also represented a 1.01% incre...Read More

The government of Belgium's southern Wallonia region has decided to give a loan to Liberty Steel that will allow the company to run its Liege-Dudelange plants until new owners can be found, according to a statement by the vice-president of the government of Wallonia, Willy Borsus."The objective of the region is to be able to examine all avenues that would allow one or more buyers to come forward,...Read More

With the exception of tin that was perched just below recent multi-year highs and aluminium that was little changed, base metals prices on the London Metal Exchange were weaker this morning, Tuesday June 8.* Markets quiet but mixed, waiting for fresh direction* US Dollar Index edging higher and US 10-year treasuries driftingBase metalsLME three-month base metals prices were mixed; tin was up by 1%...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThis follows an intercept of 7.55m grading 5.01% copper equivalent in a 257m vertical step-out hole, reported in late April.Read More

Buyers of steel rebar and billet in the United Arab Emirates preferred to wait before placing new orders because of uncertainty about prices during the week ended Tuesday June 8, sources have told Fastmarkets.Local rebar producers were expected to announce new prices next week.Local retail prices for rebar were currently lower than those offered by local producers. In any case, most buyers have hi...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationIts global activity dispersion index averaged 49.4 for May, a return to the long-run average levels after the record low of 39.8 March. The platform, which monitors about 90% of smelting capacity, put the rise down to copper's price surge stimulating a supply response.Huntsman Set to Expand Nickel Sulphi...Read More

Hot-rolled coil import prices to the United Arab Emirates and Saudi Arabia were mostly stable during the week to Tuesday June 8, but cold-rolled coil prices decreased and the hot-dipped galvanized coil import price spreads to the UAE widened, sources told Fastmarkets.The main reason for the decrease in CRC prices was low prices from China, market participants said.Fastmarkets' weekly price assessm...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationIvanhoe said the accident occurred underground when a contractor's employee was hit in the leg by a loose rock while working at one of the mine's working faces, causing him to fall backwards, striking his head on a rock."Despite immediate first-aid assistance by his colleagues, he passed away at the accident...Read More

The current upward momentum in pricing in the steel market should continue in the third quarter with support from short supply and solid demand, buoying an already optimistic market, the International Rebar Producers & Exporters Association (Irepas) said on June 4.EuropeRebar prices reached new highs during the second quarter of 2021 on support from long lead times, strong demand and limited impor...Read More

Great Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDThe future economy is looking greenSPONSOREDlomiko metals incWith 93.7% of the votes in, just a few tens of thousands of votes separate the candidates. Notably, more than...Read More

Great Panther Mining is a precious metals miner in the AmericasSPONSOREDgreat pantherStellar metrics just the start for near-term developer Theta GoldSPONSOREDtheta gold minesPAM puts itself in the middle of Thailand 4.0SPONSOREDThe future economy is looking greenSPONSOREDlomiko metals incEnvironmental regulator Senace approved the modification to the mine's environmental impact assessment after r...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade. Biogen added $0.95 to $396.80 after Cowen upgraded the stock to Buy following news of FDA approval of Biogen's Alzheimer's treatment. Oppenheimer raised its target on the stock from $305 to $450.Marvell Technology advanced $2.53 to $50.80 after reporting higher than consensus first quart...Read More

Ms. Janet Yellen is talking again. From comments Sunday:"If we ended up with a slightly higher interest rate environment it would actually be a plus for society's point of view and the Fed's point of view."A higher interest rate environment would likely arise from a higher inflation environment.Inflation is presently on the jump.Is it "transient" as the Federal Reserve insists? Or is it a mere for...Read More

Imports of steelmaking raw materials into the United States fell by 14.56% month on month in April, primarily due to reduced inflows of direct-reduced iron (DRI) over the period, according to the latest data from the US Census Bureau.Raw materials imports totaled 901,825 tonnes in April, compared with 1.06 million tonnes in March and 851,028 tonnes in February.US imports of ferrous scrap...Read More

This time last year, I was researching and writing my latest book, The New Great Depression. The book is mostly about the economy, but of course, it was impossible to write about the economic impact of COVID without considering the source of COVID and the policy response to the pandemic, including lockdowns and quarantines.I did an enormous amount of research on the two leading theories of the sou...Read More

Ferrous scrap exports from the United States increased by a marginal 1.07% month on month in April, according to the latest data from the US Census Bureau.Ferrous scrap exports totaled 1.63 million in April, compared with 1.61 million tonnes in March and almost 1.36 million tonnes in February.Exports to Turkey, usually the United States' biggest customer, dropped by more than half month over month...Read More

Given the rising prosperity we keep hearing about, shouldn’t we be able to provide minimum wage workers the same purchasing power they enjoyed 50 years ago in 1970?This is a very simple proposition: either we can provide minimum wage workers the same purchasing power they enjoyed 50 years ago or we can’t.And if we can’t, then all the claims about “rising prosperity” a...Read More

ArcelorMittal has made a $10 million investment in renewable energy technology company Heliogen from its innovation fund for sustainability, it announced on Tuesday June 8.The XCarb innovation fund is part of ArcelorMittal's wider sustainability initiative, launched to drive progress toward carbon-neutral steel production.In addition to the $10 million investment, ArcelorMittal and Heliogen have s...Read More

"The evidence is clear. COVID lockdowns saved lives without harming economies."This we have the authority of one Los Angeles Times columnist - Mr. Michael Hiltzik by name.Here is the clear evidence he cites:An Italian team found that lockdowns start to reduce the number of COVID infections about 10 days after they start, and keep reducing the case rate for as long as 20 days following initiation.F...Read More