Fastmarkets invited feedback from the industry in an open-consultation process on the pricing methodology for its Northern Europe and United States hot-rolled coil indices. The consultation, which began June 16 and ended on Friday July 16, was done as part of its annual methodology review process in compliance with the International Organization of Securities Commissions (Iosco) principles for pri...Read More

Sentiment varied in the hot-rolled coil markets of Northern Europe and Italy despite seasonally slow demand in both regions, sources told Fastmarkets on Tuesday July 20.In Northern Europe, domestic HRC prices are likely to remain fairly stable during summer and will possibly rise in autumn, sources said. Good order books at the region's mills and concerns about tight supply due to German floods su...Read More

Here are five Fastmarkets stories you might have missed on Tuesday July 20 that are worth another look,Shipments and distribution of steel in Germany have been disrupted by the recent flooding in the country, pushing flat steel producer Thyssenkrupp to declare force majeure, sources told Fastmarkets...Read More

Shipments and distribution of steel in Germany have been disrupted by the recent flooding in the country, pushing flat steel producer Thyssenkrupp to declare force majeure, sources told Fastmarkets on Tuesday July 20.The situation was likely to worsen the carbon steel shortage in the European market, participants believed. Over the past year, the supply of both flat and long steel products has bee...Read More

China's domestic rebar price dropped on Tuesday July 20 due to weak demand caused by adverse weather in large parts of the country, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,220-5,240 yuan ($804-807) per tonne, down by 10-20 yuan per tonneThere was heavy rain in central China's Henan province and southern China's Guangdong province on July 20, and large...Read More

Mexican ferrous scrap prices continued to increase over the past week, with steelmakers competing to secure limited material and buyers in the key regions of Monterrey and Baj?-o heard accepting higher prices to keep volumes flowing.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Monterrey at 12,400 pesos ($622) per tonne on Tuesday July 20, up by 50 pesos...Read More

Turkish steel mills remained silent on Tuesday July 20, with no bookings heard due to the ongoing week-long Eid al-Adha public holiday, sources told Fastmarkets.The Turkish deep sea scrap market has remained silent since material was last booked on Tuesday July 13.A public holiday on Thursday 15 July also slowed any possible trading...Read More

The London Metal Exchange nickel cash price is likely to hit $20,500 per tonne in the third quarter, with strong stainless steel demand and electric vehicle (EV) restocking driving the uptrend, according to analysts at Citi.Despite a sell off across base metals on July 19, Citi Metals Strategist Oliver Nugent told Fastmarkets that nickel fundamentals remain strong for Q3 and that he expects the pr...Read More

Steelmaking heavyweights in eastern China's Jiangsu province were actively looking to source steel billet imports on Tuesday July 20, after the reality of crude steel production cuts in the region started to become clearer.Three mill sources from the region told Fastmarkets they were interested in importing billet, with the recent output cuts communicated to them by Chinese authorities set to limi...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

It's a strange situation indeed: Government has gone into competition with business for labor. By paying workers to stay at home, what may have started as a well-intentioned effort to help has now led to shortages of skilled workers in many industries, especially hospitality. After all, why would anyone want to go to work when they can earn more on unemployment? The sad punchline of the situation:...Read More

The big banks are "gambling like crazy, they are getting money for free," says trends forecaster and publisher of the popular Trends Journal, Gerald Celente.Celente gets fired up when talking inflation, "The Fed is lying about inflation, it is not temporary and the numbers are rigged. For the average person, inflation is killing them. The big banks are getting bigger and everyone else is getting p...Read More

To see Lynette's slides, research links or questions from this video: https://www.itmtrading.com/blog/a-big...Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since...Read More

The stock market broke a critical support zone on Monday. Although markets are bouncing back today on Tuesday, Gareth Soloway, chief market strategist of InTheMoneyStocks.com, said that if this level is not held, a break-down could take stocks all the way down to pre-Covid highs, representing a 25% decline from current levels. Speaking to David Lin, anchor for Kitco News, Soloway added that it cou...Read More

In this episode of the Keiser Report, Max and Stacy look at the opinion piece from the Guardian arguing that only the 'right' is concerned about inflation. They look at recent headlines cataloging the human catastrophes wrought by inflation on the poor. In the second half, Max chats to Gerald Celente about his forecast for inflation and its consequences. Max Keiser is an American broadcaster and f...Read More

The definition of inflation, the dollar is losing purchasing power. The question is it temporary or part of a longer term trend, which Gary and I believe to be true. The Fed's balance sheet is at $8 trillion. The debt is at $30 trillion. Yellen is begging for a debt ceiling increase. Will the US default? Not gonna happen. Fed Chair Powell acknowledged that inflation is higher than expected, we're...Read More

Silver and gold got clobbered again today. Which has left a lot of investors confused. However, there are explanations for what's going on, and more importantly, what's coming next. Fortunately Keith Neumeyer of First Majestic, who has perhaps unparalleled access to the silver market unlike anyone else, joined me on the show to explain what's happening, why it's happening, and what investors would...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

China's domestic rebar price dropped on Tuesday July 20 due to weak demand caused by adverse weather in large parts of the country, sources told Fastmarkets.DomesticEastern China (Shanghai): 5,220-5,240 yuan ($804-807) per tonne, down by 10-20 yuan per tonneThere was heavy rain in central China's Henan province and southern China's Guangdong province on July 20, and large...Read More

0:00 Intro1:15 Markets pullback2:07 Silver update2:49 Psychological capital3:50 Gold update4:39 Seasonal weakness5:51 Inflation7:38 Irrational market8:32 Stagflation10:23 Mining sector11:24 Dollar Cost Averaging12:30 Physical metals vs minersSenior Analyst at The Morgan Report David Morgan says silver could fall lower from here. The silver market is trying to set a secondary summer low, he notes....Read More