Domestic European prices for hot-dipped galvanized coil rose in the week to Wednesday January 20, with buyers believing that the price has reached its peak, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was ?,?830-850 ($1,006-1,030) per tonne on January 20, up by ?,?20-30 per tonne week on week from ?,?800-830 per tonne.The assessment w...Read More

Activity in the European hot-rolled coil market was low on Thursday January 21 because buyers are holding back from making new deals due to an anticipated price fall, sources told Fastmarkets. Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?713.00 ($864.26) per tonne on Thursday, down by ?,?2.50 per tonne day on day from ?,?715.50 per tonne on...Read More

Rebar prices in Egypt remained unchanged over the week to Thursday January 21, while there was no billet import activity because of the recently imposed safeguard duties, sources told Fastmarkets.Some re-rollers want the duties on billet imports to be removed because they cannot compete with the integrated mills, Egyptian sources told Fastmarkets.Egypt cut the duty to a 13% safeguard duty on the c...Read More

Turkish rebar prices have gone down over the past week amid soft demand for material, sources said on Thursday January 21.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was 5,450-5,550 lira ($732-746) per tonne on Thursday, down from last week's 5,650-5,720 lira per tonne, including 18% VAT.Read More

Turkish export prices for steel rebar and wire rod have gone down over the past week amid soft demand and falling scrap costs, market sources said on Thursday January 21.Turkish deep-sea scrap import prices continued to fall in the latest Baltic Sea transaction heard on January 20.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $439.18 per tonne on Wednesd...Read More

Here are five Fastmarkets stories you might have missed on Thursday January 21 that are worth another look.Brazil-based miner Vale and Japanese trading company Mitsui have signed a heads-of agreement to take the first step toward exiting their investment in the Moatize coal mine and the Nacala Logistics Corridor (NLC)...Read More

Negative sentiment prevailed in the Turkish deep-sea scrap import market on Thursday January 21, with offer prices continuing to slide, sources told Fastmarkets.The most recent deal heard by sources -  a Baltic Sea cargo on Wednesday January 20 - put the HMS 1&2 (80:20) price at $440 per tonne cfr.The number of offers has increased since then and prices have gone down acco...Read More

More deep-sea bulk cargoes have been sold to Bangladesh from the United States, with prices easing following the sales, market participants told Fastmarkets on Thursday January 21. Three bulk cargoes from the US West Coast were booked in recent weeks within a range of $495-500 per tonne cfr for HMS 1&2 (80:20) to a major mill in the country, with sources saying the total quantity of the deals come...Read More

We need less, not more government intervention, and the stimulus that Americans have received is only going to exacerbate the current economic bubble that we're in, said Ron Paul, former Congressman and host of the Liberty Report. "When the inevitable correction comes it's going to be more violent than ever before," Paul said.0:00 - America's priorities7:07 - Debt and inflation10:11- Collapse of t...Read More

Go big or go home so says Janet Yellen. The new government is spending the money with two hands. Between Powell and Yellen, why would anyone worry? Easy Money is on the way!Buy Everything Rally today, gold, stocks, real estate...Gold smackdowns getting ridiculous. Gold and silver are way up today. Maybe it's time for inflation hedges after all. Will PM longs out perform stock bulls? Clean tech is...Read More

In this episode of the Keiser Report, Max and Stacy look at the very large stimulus package the Biden Administration hopes to pass. In the second half, Max chats with Gerald Celente of TrendsResearch.com about the year everything changed.Max Keiser is an American broadcaster and film-maker. He hosts Keiser Report, a financial program broadcast on RT. He presents a weekly show about finance and mar...Read More

$10 Trillion deficits are coming! The Fed is getting ready to send you a wallet and some nice new Fed Coins. Precious metals are the ultimate insurance policy. The biggest players have been amassing precious metals and getting ready for the inevitable. Acquisition of non-dollar denominated assets, including metals and cryptos is showing the way. The trend will continue until the global reset. Last...Read More

SBTV speaks with Michael Pento, founder of Pento Portfolio Strategies, about his biggest fear this year - the Fed eventually losing control of inflation which destroys the economy. It is then that the Fed will be forced to hike rates which will pop asset bubbles.00:00 Introduction01:27 Complete crash in 2020 avoided due to Fed's money printing03:59 Portfolios will be crushed in the coming crash10:...Read More

Markets couldn't care less who's the president. Despite the change in the White House, there's no change at the Federal Reserve.Democrats made a deal with the devil and now the country will suffer like never before.Nothing Joe Biden wants to do is Constitutional.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made hi...Read More

Journalist Glenn Greenwald criticizes former CIA Director John Brennan's latest statements on "domestic terrorism." "There is literally nothing that could be more dangerous."Glenn Greenwald is a journalist, constitutional lawyer, and author of four New York Times best-selling books on politics and law. His most recent book, "No Place to Hide," is about the U.S. surveillance state and his experienc...Read More

Constitutional Attorney John Whitehead, founder of The Rutherford Institute (Rutherford.Org,) returns to Liberty and Finance to declare the critical truth we are NOT being permitted to know or think, but must be aware of for our survival as a free people:Big Tech Giants are in ControlCorporate/Government Complex ProfiteeringTechnology WAS an extension of us: We are Becoming an Extension of Technol...Read More

Privat Group's Zaporozhye plant in Ukraine has suffered a partial collapse in the roof of the building, damaging a meltshop at a time when manganese alloys markets are rallying to multi-year highs in Europe.The incident is being investigated to determine what caused the collapse in the roof of the building that fell onto the part of the melt shop that produced manganese alloys because the reason i...Read More

Eventually, you end up with default, inflation, higher interest rates, higher taxes or all of the above. The U.S.Continue...Read More

Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More

Jesse Felder is a FinTwit superstar and go to contributor for Real Vision and Macro Voices.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 employe...Read More