Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
In light of Sleepy Joe's new $1.9 trillion package of free stuff, it's time to get out our magnifying glasses. The purpose is to compute the size of the hole in America's collectiveContinue...Read More
"This was a major area of relief for American small businesses during the pandemic that allowed businesses to get fast tax refunds from the IRS," the committee spokesperson said.Continue...Read More
"We have clear signs: The third wave in Germany has already begun." "The virus is not going to disappear, but once we have a base level of immunity in the population, we can control it." Continue...Read More
"This decision makes clear that federal agencies can't exercise power Congress has not given them.""Now our clients no longer have to provide housing for free."Continue...Read More
All signs are currently pointing to serious escalation in the Middle East between Israel, Iran, and involving the United States - particularly after Israel's recent claim of an IranianContinue...Read More
Let's dive right in, because you're witnessing history in the making.Continue...Read More
"While it is a reasonable store of value over the very long-term, think centuries, it is less reliable across most investment horizons, including the most recent period."Continue...Read More
Trading activity in the pig iron import market in the United States slowed down during the week to Friday March 12 because buyers have restocked, sources said.Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $570 per tonne on Friday, unchanged week on week.The latest deal in the US for low-phosphorus pig...Read More
Brazilian steel slab export prices increased in the week to Friday March 12 with demand still high in most buying markets for the semi-finished material.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was $780-800 per tonne fob on March 12, up by $20-40 from $740-780 per tonne fob previously.Producers increased their offer prices because they saw increased bids f...Read More
The export price for steel billet from the Commonwealth of Independent states (CIS) softened at the end of the week to Friday March 12, following a downturn in the scrap sector.Scrap prices in Turkey dropped sharply because of oversupply as well as low demand for rebar in the country's domestic and export markets.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, c...Read More
Exporters of steel billet raised their offers at the end of a week in which prices for the semi-finished material had been consistently under pressure, sources told Fastmarkets on Friday March 12.Chinese buyers were very active during the previous two weeks, booking a raft of billet cargoes from India, Indonesia and Vietnam. But trading activity was muted over most of the past seven days, with sal...Read More
Taiyuan Iron & Steel (Tisco) plans to triple its annual output of stainless steel products by 2025, according to its general manager Gao Jianbing.The mill - China's second-largest stainless steel producer - plans to raise its annual crude steel output to 25 million tonnes by that year. Of these,...Read More
Falsified steel production records are undermining China's crackdown on industrial pollution, especially in key steelmaking city Tangshan, the Ministry of Ecology and Environment said on Thursday March 11.Unannounced checks by ministry officials on four steel mills in the city had found that the mills had "doctored and deleted production records" and "tipped each other off" about the spot checks....Read More
Oat futures' recent surge to 7-year highs wasn't caused by the oat milk craze; think "market psychology" instead Generally speaking, the idea of oats is about as exciting as, well, a bowl of steel cut oatmeal. But this chart of oat futures shows why this ordinarily ordinary grain has stolen the commodity spotlight. For starters, February 2021 saw oat prices soar to their highest level in 7 years....Read More
Falsified steel production records are undermining China's crackdown on industrial pollution, especially in key steelmaking city Tangshan, the Ministry of Ecology and Environment said on Thursday March 11.Unannounced checks by ministry officials on four steel mills in the city had found that the mills had "doctored and deleted production records" and "tipped each other off" about the spot checks....Read More
During the 1970's, the U.S. experienced adecade of below-trend economic growth combined with rising interest rates – andeventually – massively higher gold and silver prices.Some sectors boomed while others lagged,and then as now, the majority of the population struggled with rising home andcommodity prices, bookmarked by lofty interest rates.This stilted and challenging environmen...Read More
Taiyuan Iron & Steel (Tisco) plans to triple its annual output of stainless steel products by 2025, according to its general manager Gao Jianbing.The mill - China's second-largest stainless steel producer - plans to raise its annual crude steel output to 25 million tonnes by that year. Of these,...Read More
Falsified steel production records are undermining China's crackdown on industrial pollution, especially in key steelmaking city Tangshan, the Ministry of Ecology and Environment said on Thursday March 11.Unannounced checks by ministry officials on four steel mills in the city had found that the mills had "doctored and deleted production records" and "tipped each other off" about the spot checks....Read More
Here are five Fastmarkets stories you might have missed on Thursday March 11 that are worth another look.Europe's proposed Carbon Border Adjustment Mechanism (CBAM) has been approved by a firm majority in the European Parliament and is expected to help to preserve the region's steel supply chain, industry...Read More
Vedanta Zinc International's Gamsberg zinc mine in South Africa could post a production loss of up to 40,000 tonnes in 2021, a source with direct knowledge of the matter confirmed to Fastmarkets.Mining activity temporarily halted at the Gamsberg mine after a pit collapse in November 2020, but restarted in January. The mine has a capacity of 250,000 tonnes per year of zinc in concentrate....Read More