With long steel prices in Europe reaching historically high levels, construction activity is slowing in some regions due to reduced supplies and delays, with some market sources fearing a decline in industrial activity long term.Surging pricesLong steel prices in the European Union started increasing in the third quarter of 2020 on a pick-up in consumption and a recovery from the impact of the Cov...Read More
The price of ferro-titanium scrap in the United States has fallen for the first time since August 2020 following a push-back by ferro-titanium manufacturers who are facing weaker US prices for their products, some market sources said.Just over a month ago, scrap prices were reportedly rising by 5-10% week on week amid an extreme shortage related to a decline in aircraft building during the Covid-1...Read More
Metals continue to languish in high ground during morning trading on Monday June 14, with tin being the exception as it continues to push higher on strong fundamentals due to supply disruptions. Broader markets generally upbeat with some, including the S&P 500 Index, near record highs. US 10-year treasury yields have fallen, not on haven buying, but because the market seems more sure that central...Read More
Canada-based Nouveau Monde plans to recycle its active anode graphite flake while developing its sustainable graphite project, company founder Eric Desaulniers has told Fastmarkets.Nouveau Monde has set up a partnership with lithium-ion battery recycling company Lithion Recycling, also based in Canada, to reclaim the graphite that would normally be unusable when battery anode materials are recycle...Read More
Last week, we suggested that Energy was winning the performance race, but gold was catching up. However, in an absolute sense, this week we conclude that thanks to the Fed's relentless money printing, just about every asset wins as the US dollar gets debased.Is a trip to Las Vegas a better investment than bitcoin? (Image: David Lusvardi)Also, a distinguished business professor makes the case that...Read More
Here are five Fastmarkets stories you might have missed on Monday June 14 that are worth another look.Brazilian steelmaker Usiminas will restart its No2 blast furnace (BF) at the Ipatinga mill, in southeastern Minas Gerais state, after almost eight months of downtime, the company said in a filing...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:?EUR? US sheet prices hit record highs again in May, with upward momentum persisting into June. Actual US hot-rolled coil prices averaged $1,553 per ton in May, largely in line with our forecast of $1,540 per ton. Prices remain supported by strong underlying sup...Read More
Activity in the European hot-rolled coil market has slowed significantly, with buyers holding back from making new deals and only a few producers making offers, sources told Fastmarkets on Monday June 14.Buyers have only been buying limited volumes if they have specific restocking needs or if they can secure back-to-back deals, they added.European distributors prefer to wait for the price trend to...Read More
Here are five Fastmarkets stories you might have missed on Monday June 14 that are worth another look.Brazilian steelmaker Usiminas will restart its No2 blast furnace (BF) at the Ipatinga mill, in southeastern Minas Gerais state, after almost eight months of downtime, the company said in a filing...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key North American steel forecast highlights:?EUR? US sheet prices hit record highs again in May, with upward momentum persisting into June. Actual US hot-rolled coil prices averaged $1,553 per ton in May, largely in line with our forecast of $1,540 per ton. Prices remain supported by strong underlying sup...Read More
The steel rebar price in Russia's Central Federal District around Moscow was largely unchanged over the past week, with market participants believing the price has touched a ceiling and not expecting further rises. Most local producers were still holding back their offers for July, although sources told Fastmarkets they expect a rollover of the latest prices. Tula Steel was heard offering rebar to...Read More
There was little liquidity in the iron ore market on Monday June 14 due to Chinese market participants being away for the Dragonboat Festival. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $220.77 per tonne, up $1.51 per tonne 62% Fe low-alumina fines, cfr Qingdao: $221.62 per tonne, up $0.37 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $195.22 per tonne, up $2.44 per tonne 65...Read More
After her blockbuster interview with our Daniela Cambone, Lynette Zang is back to talk about the coming restrictions and the Federal Reserve's plan to unleash a digital currency. 'With programmable money, they will be able to do anything with a push of a button," Zang says. Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on som...Read More
Watch this video to gain expert insight into exactly what the Pro Trader with decades of experince Gareth Soloway, sees for the future of #Bitcoin, #stocks and more. ALSO he will show you how to position yourself for the next big more, NOW!Gareth Soloway is a professional trader and the President, CEO, & Chief Market Strategist for InTheMoneyStocks.Read More
At this year's St. Petersburg International Economic Forum RT's Peter Lavelle had the great privilege and pleasure to interview international financier and author Jim Rogers. Jim and Peter talk about the world economy as the COVID health crisis recedes.Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is co...Read More
Billionaire hedge fund manager Paul Tudor Jones, a prominent Wall Street figure who called the stock market crash in 1987, told CNBC's "Squawk Box" Monday if the Fed treats higher prices with "nonchalance," it would be a "green light to bet heavily on every inflation trade."Paul Tudor Jones is an American billionaire hedge fund manager. In 1980, he founded his hedge fund, Tudor Investment Corporat...Read More
Investors will be paying extra close attention to this week's Federal Reserve meeting. In a new op-ed, Mohamed El-Erian, economic advisor at Allianz and Gramercy and president at Queens College, Cambridge, says the event has turned from a "snooze-fest" into a test of the Fed's control over the narrative that the current bout of inflation is only transitory.Mohamed El-Erian is the Chief Economic Ad...Read More
The vaccine should never have been released as it is an experimental vaccine.As with all vaccines, there are complications. There was never enough time given for the clinical trial which only lasted 4 to 6 months.Very disturbing complications are now coming out.Read More
A cashier was shot in the head and killed down inside a Georgia supermarket Monday for asking a man to put on a mask - and a retired deputy who intervened was also shot, authorities said.Continue...Read More
"In reviewing the medical literature and news reports, and in talking to pediatricians across the country, I am not aware of a single healthy child in the U.S. who has died of COVID-19 to date." Continue...Read More