Fastmarkets is inviting feedback from the industry on its pricing methodology for its Northern Europe and United States hot-rolled coil indices as part of its annual methodology review process in compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies.This consultation, which is open until July 16, 2021, seeks to ensure that our meth...Read More

Here are five Fastmarkets stories you might have missed on Wednesday June 16 that are worth another look.European non-integrated steel traders and wire rod processors strongly oppose the European Commission's proposal to extend import safeguard measures for three more years, claiming that the decision neglects the interests of...Read More

A summary of the financial results for Egypt's biggest steelmaking group, Ezz Steel, for the period from January 1 to March 31, 2021.In briefEarnings increased in line with increased production of flat steel, specifically hot-rolled coil, and exports, the company said in a release to London Stock Exchange on Wednesday June 16."With respect to flat steel, a significant development has occurred in t...Read More

Steel wire rod prices in Northern Europe increased as expected in the week to Wednesday June 16, mainly propelled by the continuing tightness of supply, but aggravated by restricted access to imports due to the trade safeguard measures currently in place, Fastmarkets has heard.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?860-90...Read More

Turkish steel mills remained silent in the scrap markets on Wednesday June 16, with market participants mulling the likely direction of price movements.The mills did not book any new cargoes on Wednesday, having agreed two deals the day before at lower prices, marking a potential change in direction for the market, which had become more positive so far in June.One market participant said, however,...Read More

Steel scrap import prices into China remained stable on Wednesday June 16 despite reports of a new transaction for Shindachi busheling from Japan to China.A deal for 3,000 tonnes of Shindachi, the prime scrap grade traded in Japan, was heard at $550 per tonne cfr China. The deal was believed to have been done on Tuesday.There were mixed views about whether there was any price difference between Sh...Read More

Austrian steelmaking group Voestalpine has developed an industrial scale process for carbon-neutral steel production without the use of fossil carbon and secured the intellectual property rights to the process from the European Patent Office, the company said on June 15.The patent is valid in all major European steel manufacturing countries and specifically covers the production of sponge iron - d...Read More

Export prices for steel billet from Iran slipped over the week to Wednesday June 16, with sellers having to compensate for rising freight costs because end-customers were not ready to accept higher prices, Fastmarkets has learnt.One Iranian producer sold 30,000 tonnes of billet at $628 per tonne fob southern ports of Iran. The cargo was destined for Asia, according to market sources.Another suppli...Read More

China's domestic rebar prices continued to fall on Wednesday June 16 due to sellers looking to destock.DomesticEastern China (Shanghai): 4,980-5,010 yuan ($778-783) per tonne, down by 70 yuan per tonne.Fear of further drops in end-user demand and the decline in futures prices have strengthened sellers' desire to run down...Read More

Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal...Read More

Tightening supply and strong demand supported China's domestic and imported alloy markets in the week ended Tuesday June 15.Fastmarkets' price assessment for ferro-chrome, spot, 6-8% C, basis 50% Cr, ddp China, narrowed upward by 100 yuan per tonne (0.7%) to 7,600-7,800 yuan ($1,187-1,219) per tonne on Tuesday, from 7,500-7,800 yuan per tonne the previous week.Spot supply has tightened since power...Read More

Steve Hanke, professor of Applied Economics at Johns Hopkins University discusses with David Lin, anchor for Kitco News , just how much inflation will rise over the next two to three years and which markets will be hit hardest.0:00 - Monetarism and inflation9:06 - Gold sentiment indexFor Part 1 of this interview, CLICK HERESteve Hanke is an American applied economist at the Johns Hopkins Universit...Read More

Bleakley Advisory Group's Peter Boockvar gives his reaction to the Fed meeting. Peter Boockvar is the Chief Investment Officer of Bleakley Financial Group and Editor of The Boock Report newsletter https://boockreport.com/.Read More

Gareth Soloway is a professional trader and the President, CEO, & Chief Market Strategist for InTheMoneyStocks.Read More

Yesterday Fox News' Tucker Carlson reported on an explosive investigative article appearing in the conservative news website "Revolver News" regarding the high number of "unindicted co-conspirators" who were deeply involved in the Capitol breach and who acted alongside others who face decades in prison but were not themselves charged. Is this yet another case of the FBI infiltrating and even leadi...Read More

Legendary investor Jim Rogers says that history already tells us how this story ends. When Central Banks do this, the end result is always the same. Jim Rogers also considers Silver to be the better option than Gold right now.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 considered to be one of the g...Read More

Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.Read More

This interview was filmed on June 14, 2021.0:00 - Intro0:45 - "Greatly understated" inflation and gold2:51 - Why isn't the Fed worried about inflation?5:18 - "Quite easy" for gold to hit a new high7:24 - Enthusiasm high at Miami bitcoin event9:32 - Bitcoin acceptance on the rise12:32 - Is now the right time to buy bitcoin?15:26 - Will mainstream appeal hurt bitcoin?18:20 - Jets ETF to thrive as ec...Read More

*WARNING: Profanity!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...Read More

As your information scout, Dr. Chris Martenson will explain what inflation really is (so you can be smarter at parties) and explain where it really comes from. Importantly, the Federal Reserve's claim that inflation will be "transitory" is almost certainly wrong. Inflation is rising - caused by printing too much money - and will both exacerbate and be exacerbated by shortages. Finally, in a global...Read More