Steel mills in India reduced the price of hot rolled coil exports to Southeast Asia by as much as $50 per tonne in the week to Friday June 25, with official offers down to $940-950 per tonne fob Indian ports.According to market participants, however, buyers in Southeast Asia are considering HRC prices closer to $880-890 per tonne fob Indian ports for mid-July- August shipment.Fastmarkets' price as...Read More
Domestic prices for hot-rolled coil in Europe remained fairly stable on Friday June 25, supported by persistent short supply, sources have told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?1,191.14 ($1,421.24) per tonne on June 25, up by just ?,?0.27 from ?,?1,190.87 per tonne on June 24.The index was also up by ?,?39.14 per tonne w...Read More
The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to control inflation of metal prices domestically, are expected to raise approximately 160 million rubles ($2.2...Read More
Poland wire rod producers raised prices for July material, as expected, with shortages and good demand remaining the key drivers for the uptrend, Fastmarkets heard on Friday June 25.Fastmarkets' weekly price assessment for steel wire rod (drawing quality), domestic, delivered Poland was 4,000-4,100 zloty ($1,054-1,081) per tonne on Friday, up 200 zloty from 3,800-3,900 zloty per tonne delivered la...Read More
The uptrend in Poland's steel rebar market continued in the week to Friday June 25, with prices gaining support from solid demand and short supply, sources have told Fastmarkets.Trading activity in the market remained strong, despite the surging prices, because buyers had more concerns about the availability of rebar, with producers planning to have maintenance stoppages in July-August."We heard t...Read More
The Russian government has approved temporary export duties on 340 steel and non-ferrous metals sold outside the Eurasian Economic Union (EAEU), which are set to take effect from August 1 through December 31, according to an official government decree. The duties, which are intended to control inflation of metal prices domestically, are expected to raise approximately 160 million rubles ($2.2...Read More
The pig iron export market in Brazil remained muted in the week to Friday June 25 due to continuing long lead times, but demand is expected to pick up if Russia implements a pig iron export tax in the coming weeks, sources told Fastmarkets.Fastmarkets' price assessment for pig iron, export, fob port of Vitoria/Rio, Brazil was $620 per tonne on Friday, unchanged week on week.The market remained ina...Read More
The United States' pig iron import market fell in the latest bookings during the week to Friday June 25, although a rebound may come on the threat of reduced supply from Russia if a proposed export tax is implemented.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $645-655 per tonne on Friday, down from $650-665 per tonne a week earlier.One booking of Russia-origin...Read More
Indian domestic prices for secondary steel billet fell by 1,000 rupees ($13) per tonne in the week ended Friday June 25, in line with similar price dips for finished products such as rebar, Fastmarkets has heard.The price of steel billet, domestic, ex-works India, was assessed by Fastmarkets at 41,300-41,500 rupees ($557-559) per tonne on Friday, compared with last week's assessment at 42,300-42,5...Read More
You can submit your questions to [email protected] Visit our website https://www.sprottmoney.com?EUR>?Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His compa...Read More
Rarely before have asset prices been so high when the future outlook is so uncertain. Where are things most likely to head from here? To answer that question, at the recent Wealthion conference earlier this month, we brought together two of the Internet's most respected macro analysts - Stephanie Pomboy and Grant Williams - to hash it all out for us. Grant sees inflation as the bigger danger while...Read More
The British government at first denied there was a confrontation in the Black Sea with Russian naval vessels, then proclaimed they do not recognize that Crimea is Russian; and finally, a BBC reporter, on board the ship, admitted it was "a deliberate move to make a point to Russia." At the risk of a nuclear war? And what exactly is that point, that the Brits can force the U.S. into a war with Russi...Read More
1. Markets have recovered from last week's selloff. All of the major stock indexes have staged a rally this week. The catalyst for the move higher has really been due to the Federal reserve walking back their taper talk. As we know, they are buying $120 billion a month of Mortgage backed securities, U.S. Treasuries and corporate bonds. Volume has been extremely low, the summer doldrums have come e...Read More
Patrick Bet-David Podcast Episode 70. In this short clip Patrick Bet-David, Adam Sosnick and Danielle DiMartino Booth talk about Nassim Taleb's comments on bitcoin being worthless. Watch the full podcast: https://youtu.be/ouD4cnrSqeEDanielle 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...Read More
Fed triples its estimated duration of transitory inflation.Republicans have no credibility to criticize government spending and money printing.Fed vows to make the rich richer and the poor poorer by focusing on employment rather than inflation.Jerome Powell refuses to acknowledge whether being paid more to not work discourages employment.Republicans won't put blame on the Fed, because they benefit...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
This preliminary report is provided by the Office of the Director of National Intelligence (ODNI) in response to the provision in Senate Report 116-233, accompanying the IntelligenceContinue...Read More
The overarching ideology of Pentagon officials is larger military budgets and ongoing permanent war posture. Their new war target, explicitly, is domestic "white rage."Continue...Read More
"His last words to me were 'I love you and I will call you in the evening,'" Janice McAfee said. "Those words are not words of somebody who is suicidal." Continue...Read More
The claims that four British Airways pilots died within days of each other after being vaccinated have been a hot topic. BA was then said to have been in crisis talks. Continue...Read More