A rebound in Chinese ferrous futures prices on Wednesday August 4 has led to increased interest in booking seaborne steel billet cargoes in China, sources told Fastmarkets.Sharp drops in ferrous futures on both Monday and Tuesday sapped sentiment from the Chinese market, with buyer indications heard as low as $660 per tonne cfr China for 3sp billet on Tuesday.This was down sharply from the la...Read More

Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More

Steel scrap import prices in South Korea were likely to drop again in the next few days with buyers looking to take advantage of tepid local demand in Japan and falling prices in other key Asian import markets, sources told Fastmarkets on Wednesday August 4.South Korea likely to push Japan prices down furtherProduction curbs weigh on Chinese scrap demandOffers for bulk cargoes to Vietnam fallTaiwa...Read More

Base metals prices on the London Metal Exchange were mixed this morning, Wednesday August 4, and those on the Shanghai Futures Exchange were all weaker. While the metals have generally found good underlying support, overhead resistance does seem to be capping the upside, which is perhaps not surprising because we are in the middle of the summer lull.US equities focused on strong results, less on t...Read More

Global commodities producer BHP's nickel sulfate plant in Australia is nearing completion and is now at the commissioning stage, BHP Nickel West asset president Eduard Haegel said on Tuesday August 3.Haegel was speaking to the Diggers and Dealers Mining Conference in Kalgoorlie, Western Australia.The plant at the Kwinana nickel refinery in Western Australia has begun production, Haegel said. Tanka...Read More

The spodumene price skyrocketed in July with tight availability posting challenges to lithium operations in China, while suppliers intended to negotiate the price more frequently in light of the price rally in the downstream chemical market.Fastmarkets' monthly assessment for spodumene 6% Li2O min, cif China rose to $880-950 per tonne on Wednesday June 30, up by $195 per tonne from $690-750 per to...Read More

In this week's Insights, we provide a quick guide to Real Vision's fantastic interview series with the founder of ARK Investment Management, Cathie Wood. In addition, on the topic of climate change, it is time to hold central banks accountable for their role in speeding up global warming. It is not all about the oil patch.Inflation targeting is pro-climate change (photo by D. Neuman)Plus, find out...Read More

Joseph Robinette Biden Jr. wants to make you filthy rich.At this point, he's practically jumping up and down, frantically waving a giant flag back and forth hoping you'll notice. All politics aside, I'm astonished there is still a herd of investors who don't see it coming. Look, we've been following President Biden's infrastructure bill closely here in our Energy and Capital investment community...Read More

Here are five Fastmarkets stories you might have missed on Wednesday August 4 that are worth another look.Novolipetsk Steel (NLMK), Russia's largest steelmaker, will increase output of hot-dipped galvanized (HDG) coil by starting up a new line at its Lipetsk site in the second half of 2022.Read More

European buyers of hot-rolled coil have been in "wait-and-see" mode so domestic prices were fairly stable on Wednesday August 4, sources have told Fastmarkets.Sentiment in the market turned negative despite the seasonal slowdown, due to competitive import offers. Although the volumes available have not been significant, according to estimates by market participants, they will still affect sentimen...Read More

Domestic prices for cold-rolled coil in Europe declined in the week to Wednesday August 4 due to increased availability and lower import offers, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel CRC, domestic, exw Northern Europe was ?,?1,270-1,310 per tonne on August 4, down by ?,?30-40 per tonne from ?,?1,300-1,350 per tonne ex-works a week earlier.The corresponding we...Read More

Brazil-based steelmaker Gerdau is investing in new flat-rolled and long steel rolling capacity at its Ouro Branco integrated mill in the country's southeastern state of Minas Gerais, chief executive officer Gustavo Werneck told journalists in a conference call on Wednesday August 4.The company will increase its capacity for hot-rolled coil (HRC) by 250,000 tonnes per year, to 1.1 million tpy, and...Read More

Prices for steel hollow sections in Europe were unchanged on Wednesday August 4 due to the market heading into a seasonally slower period, sources told Fastmarkets.Fastmarkets' assessment of steel sections (medium), domestic, delivered Northern Europe was ?,?1,400-1,430 ($1,662-1,698) per tonne on Wednesday, unchanged week on week."Prices remain above ?,?1,400 per tonne and will stay there until S...Read More

Domestic steel wire rod prices in the south of Europe were broadly flat in the week to Wednesday August 4 despite seasonally slow buying and the availability of cheaper imports, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel wire rod (mesh quality), domestic, delivered Southern Europe was unchanged at ?,?830-850 ($985-1,009) per tonne on August 4.ItalyThe Italian market wa...Read More

A rebound in Chinese ferrous futures prices on Wednesday August 4 has led to increased interest in booking seaborne steel billet cargoes in China, sources told Fastmarkets.Sharp drops in ferrous futures on both Monday and Tuesday sapped sentiment from the Chinese market, with buyer indications heard as low as $660 per tonne cfr China for 3sp billet on Tuesday.This was down sharply from the la...Read More

Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More

George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and...Read More

Robert Kiyosaki joins Jay for the type of candid conversation that usually happens behind closed doors - after the cameras stop rolling. Roberts shares war stories from his four decades as a world-famous author and investor and a lesson Robert wants you to remember - the bull walks up the stairs and the bear goes out the window.0:00 The Gold Standard & Lessons from History11:03 You Make More Money...Read More

The bond market is completely out of whack and mispriced says Dave Collum, a professor over at Cornell University and a popular market commentator. This is he says is signaling a serious problem in the monetary environment he tells our Daniela Cambone.David B. Collum is an economic commentator, chemist, Betty R. Miller Professor of Chemistry and Chemical Biology at Cornell University. He holds a P...Read More

Talking Points From This Episode- Retirement portfolios and return risk.- Political ineptness and investor complacency.- Alternatives to the dollar.- Opportunities with uranium and energy requirements.Time Stamp References:0:00 - Introduction0:37 - Bubbles & Risk3:45 - Algo Trading4:47 - China Influence6:36 - Cash Positioning10:00 - Inflation & Rates13:49 - Debt & MMT Theory16:06 - Political Will?...Read More