More European mills have pushed offers up seeking hot-rolled coil transaction price rises due to limited availability of the material, sources told Fastmarkets on Friday January 29. Buyers, in the meantime, questioned how sustainable these attempts would be in long-term. Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe at ?,?712.50 ($862.83) per tonn...Read More
Swedish steelmakers SSAB no longer plans to acquire the Ijmuiden plant in the Netherlands off of Tata Steel, SSAB said on Friday January 29.Tata Steel initiated discussions with SSAB on the sale of its IJmuiden plant in the Netherlands and related downstream assets in November 2020. After the announcement, market sources said it would have allowed SSAB to increase its presence in Northern Europe.A...Read More
Poland's rebar producers were still holding back March rolling volumes during the week to Friday January 29, while buyers were expecting prices to soften on the scrap market downturn, sources told Fastmarkets.Most rebar producers in Poland were said to have sold out of February rolling rebar at average prices of 2,900-3,000 ($772-799) zloty per tonne ex-works and were yet to announce new prices, m...Read More
China's domestic rebar prices were flat on Friday January 29 amid inactivity, with the situation set to be compounded next week when many market participants plan to make an early start to their holiday for the Chinese New Year.DomesticEastern China (Shanghai): 4,280-4,310 yuan ($663-667) per tonne, unchangedNorthern China (Beijing) weekly assessment: 4,110-4,160 yuan per tonne, up 50 yuan per ton...Read More
China's Baowu Steel Group, the world's largest steelmaker, is in talks with Shandong Iron & Steel Group Co for a potential merger.While a small segment of the steel market already had some knowledge of this development, particularly after Baowu Steel sent some of its company officials to Shandong Steel to conduct surveys on the topic of a merger, the matter became public after local media reported...Read More
Pig iron import prices in the United States fell sharply in the week ended on Friday January 29, with at least one deal reported for Brazil-origin material.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US was at $500-510 per tonne on Friday, down by $65-75 from $575 per tonne the previous week.After several weeks of a quiet market, information started to circulate ab...Read More
The export prices for pig iron from the Commonwealth of Independent States dropped during the week to Thursday January 28 on a bearish mood among buyers, sources have told Fastmarkets.Buyers preferred to hold back from making new deals until scrap prices settle and they can have a clearer price idea for pig iron, market sources said.Fastmarkets' weekly price assessment for high-manganese pig iron,...Read More
Global ferrous scrap prices have yet to hit the buffers in their downward plunge. Buyers in Asia were holding back from purchases in the week ended Friday January 29, swooping in only for low-priced cargoes, but demand from China could support prices in the near term.Turkey re-enters spot marketBearish sentiment in US on lower transaction pricesTaiwan market in rapid descentCovid-19 in Vietnam dam...Read More
David Morgan is a world-renown precious metals aficionado. He is the creator of TheMorganReport.com, a monthly report that covers economic news, overall financial health of the global economy, currency problems and the key reasons for investing in precious metals. A dynamic, much-in-demand speaker all over the globe, David's educational mission also makes him a prolific author, having penned Get t...Read More
Plans to short-squeeze silver to never before seen prices circulated on Reddit. Peter Hug, Global Trading Director of Kitco News, evaluates what it would take, hypothetically, for these plans to come to fruition.Peter Hug has been involved in precious metals since 1974. He began gaining first-hand investment industry experience at Deak-Perera. He served as SVP at Guardian Trust Company, which beca...Read More
?>>?An epic David-vs-Goliath battle has erupted on Wall Street.And it may just change the future of investing, helping to tilt the playing field away from the huge unfair advantage the banking cartel has enjoyed for decades.In case you've been sleeping under a rock for the past week: millions of individual investors have banded together using Reddit chat boards, Twitter and other forms of social m...Read More
The GameStop-Robinhood saga went truly 'viral', even resulting in a demonstration outside NYSE earlier today. Max Keiser tells RT that the small investors' efforts should be praised for exposing big Wall Street traders' questionable practices.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 an...Read More
Harry rant's on the over controlling central banks have created a debt monster and they keep doubling down, recent war on Game Stop stock proves speculation over productive investments and only one way this can end.Harry Dent is a Fortune 100 consultant, new venture investor, noted speaker, bestselling author, and the founder and senior editor at Dent Research, where he dedicates himself to identi...Read More
MacroVoices Erik Townsend and Patrick Ceresna welcome Russell Napier to the show to discuss how stocks are rallying to new all-time highs amidst the ongoing pandemic and where we stand with regard to the economic outlook generally & much more.Professor Russell Napier is author of The Solid Ground investment report for institutional investors and co-founder of the investment research portal ERIC-...Read More
Something in the financial Universe just broke... In tonight's must-watch update, Jeff Clark relays many of your questions from today including: "Mike, what's your reaction to the Reddit community taking on silver and driving the price higher?", "Do you see this rise in price as sustainable?", and "What are the advantages and disadvantages of what's happened?Get some popcorn ready, this video cloc...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
"Foreign powers can collect, store and exploit biometric information from COVID tests."Continue...Read More
First Alex Jones, then Trump and now trading forums. Next, they will label these kids as domestic terrorists. Continue...Read More
Most investors who focus on precious metals and commodities know that Continue...Read More
1. Gamestop (GME) & AMC Entertainment (AMC) are the talk of the town right now. Yesterday, the popular brokerage firm, Robinhood, restricted trading in GME, AMC and a bunch of other highly shorted stocks. This news caused a major drop in GME stock yesterday. Then before the closing bell yesterday, Robinhood announced that they would allow GME and others to trade again. Earnings from FB, Apple, etc...Read More