All Turkish flat steel prices increased sharply in December 2020, and the market was expected to remain steady in January because of globally strong demand for steel products, Fastmarkets heard on Wednesday January 6.Turkish hot-rolled coil producers were fully booked until April, and market participants believed that buying would remain strong in January, provided that prices remained firm.Global...Read More

Domestic prices for heavy steel plate in Europe were unchanged over the week to Wednesday January 6 due to the seasonal slowdown in market activity, sources have told Fastmarkets.Neither producers nor buyers have returned to the market from the Christmas and New Year holidays in the region.Fastmarkets' weekly price assessment for steel domestic plate, 8-40mm, exw Southern Europe, was ?,?600-620 ($...Read More

The prices for steel hollow sections in Europe have remained unchanged over the past week, with many market participants still on their Christmas and New Year holidays, sources told Fastmarkets on Wednesday January 6.Fastmarkets' price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?800-820 ($982-1,007) per tonne on Wednesday, unchanged from the previous assessm...Read More

The price of steel H-beams in Europe has already gone up this week, ahead of mills returning to the market after the New Year holiday break, with further large increases expected, sources told Fastmarkets on Wednesday January 6.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?700-720 ($859-884) per tonne on Wednesday, up from ?,?655-680 per tonne in...Read More

The European markets for steel mesh-quality wire rod were silent in the week to Wednesday January 6 while holidays continued, but with sentiment increasingly bullish amid tight supply and expected price rises for scrap feedstock, sources have told Fastmarkets.Northern EuropeFastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?630 ($773...Read More

Turkish steel producers have resumed their deep-sea scrap purchasing for February-shipment cargoes at strengthening prices, sources told Fastmarkets on Wednesday January 6.A steel mill in the Marmara region booked a US cargo, comprising 25,000 tonnes of HMS 1&2 (80:20) at $478 per tonne and 10,000 tonnes of shredded at $488 per tonne cfr.Another steel mill in the Izmir region booked a European car...Read More

Fastmarkets has corrected its daily Turkish steel scrap indices, which were published incorrectly on Wednesday January 6 due to a technical error.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey should have been $475.14 per tonne, instead of $464.17 per tonne as previously published.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix...Read More

Iron ore registered increases across the board on active seaborne trading on Wednesday January 6, with lump prices surging due to tight supplies, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $168.72 per tonne, up $0.86 per tonne62% Fe low-alumina fines, cfr Qingdao: $168.75 per tonne, up $0.75 per tonne58% Fe fines high-grade premium, cfr Qingdao:&nbs...Read More

Here are five Fastmarkets stories you might have missed on Wednesday January 6 that are worth another look.The import price for cargoes of steel billet to Southeast Asia started the new year flat even after sellers sought to raise offers to the market, sources told Fastmarkets.Read More

It's been a volatile start to the year for lots of markets, precious metals included. Jordan Roy-Byrne, Founder of The Daily Gold joins me to break down the price action of gold, silver, gold stocks, and silver stocks and how they compare to each other.Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDail...Read More

David Morgan appeared for FSN while I continue to recuperate from Covid-19. David is doing his usual outstanding analysis of gold and silver prices. According to David gold is now in a cup and handle pattern, the most powerful formation we can observe. David thinks we are in a 2-3 year move. We'll be breaking 2000 gold and once that happens, we're looking at the final leg of this massive movement....Read More

The United States has announced further sanctions on producers of Iranian steel and other metal products alongside foreign-based sales agents of an Iranian metals and mining holding company, but export steel billet and slab prices still rose this week with Iranian sources saying steel trade will be able to continue. US Department of the Treasury's Office of Foreign Assets Control (OFAC) on Tuesday...Read More

Jim Rogers gives his best investment choices for the coming decade but also warns the next few years will bring about economic disaster to those who aren't prepared. 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 greatest investors of all time. Rogers has made two record-se...Read More

Rickards says this will be a process that will take almost two decades, and the U.S. will need 4% inflation to do it. This is why Rickards thinks gold and silver will go much higher in the coming years. Rickards also says the central banks are net buyers of gold and will continue to be. He says everybody should have gold and silver in their portfolios and points out he does not sell any precious m...Read More

Our Daniela Cambone speaks with author Nick Barisheff about his book "$10,000 Gold" and the path to his forecasted price. The gold price has taken a pause since its 2020 run above US$2,000 per ounce, but the author says it could move far beyond that level in the future. "If you look over a reasonable time frame, the price of gold and the total amount of US debt are correlated, so they would go up...Read More

Peter Schiff talks about the U.S. dollar, inflation, and China with Chris Salcedo on Newsmax. *Recorded December 29, 2020.Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment con...Read More

1. Markets started the day mixed after the Georgia run-off election results are likely favoring the Democrats. Right after the opening bell the major stock indexes started to rally. The Dow Jones Industrial Average (DIA), Russell 2000 (IWM) and the S&P 500 Index (SPY) are all sharply higher now. The tech heavy NASDAQ Composite (QQQ, XLK) is still negative , but well off the lows of the day. Russel...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

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

Whether the Democrats or Republicans take the two Senate seats in Georgia will determine how much stimulus the economy will get, said Peter Hug, global trading director of Kitco Metals. 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 became one of the largest inte...Read More