Key data from the Wednesday January 20 pricing session in Shanghai.Key drivers The price range for spot domestic Chinese cobalt metal widened downwards in the first half of this week, after local futures prices plunged on Monday. Spot demand was stable, with consumers continuing to restock ahead of...Read More
Hot-rolled coil prices in the United States dipped despite buyers still struggling to find spot tons at competitive prices. Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $56.08 per hundredweight ($1,121.60 per short ton) on Wednesday January 20, down by 1.37% from $56.86 per cwt the previous day but 3.12% higher than $54.38 per cwt a week ago. Inputs were collected...Read More
Activity in the European market for hot-rolled coil was slow over the week to Wednesday January 20 with buyers holding back from making deals, sources have told Fastmarkets.Buyers have been cautious about deals due to long lead times and high transaction prices, and risks related to an expected price decrease, market sources said."Buyers are cautious due to the very high prices reached," an Italia...Read More
Producers across Europe have continued to increase their domestic offer prices for heavy steel plate despite the slow recovery of demand, market sources told Fastmarkets on Wednesday January 20.Buying activity has started to recover since the year-end holidays across Europe. Market sources, however, questioned whether demand would become strong enough to support the price rise sought by producers....Read More
Crude steel output in Italy declined by 12.2% year-on-year in 2020, despite a double-digit increase in December, Italian steel association Federacciai said on Wednesday January 20.The country's total crude steel production amounted to 20.35 million tonnes in 2020, down from from about 23.19 million tonnes in 2019.Long steel output declined by 9.5%, to 11.16 million tonnes, down from 12.33 million...Read More
The domestic price for steel mesh-quality wire rod in Southern Europe was generally stable in a week to Wednesday, with buying activity reported to have slowed because of an unclear trend in the scrap market, sources told Fastmarkets on January 20....Read More
Prices for domestic steel mesh-quality wire rod in the north of Europe were largely flat in the week to Wednesday January 20, supported by tight availability, sources have told Fastmarkets.But market sentiment was unclear, they added, with buyers believing that prices have reached a ceiling.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe,...Read More
Here are five Fastmarkets stories you might have missed on Wednesday January 20 that are worth another look.Brazil-based miner Vale said its sales have not been affected by a fire that impacted one of its piers at the Ponta do Madeira port...Read More
0:00:00 Welcome and context0:02:40 What is happening at the world at the moment?0:08:06 What are your thoughts on MMTs?0:10:45 What is the future for FIAT currencies?0:17:20 How do investors position their portfolios?0:20:51 What's your advice for people on diversification?0:26:34 How does the wealth discrepancy works it's way around?0:34:10 Do you think the whole world is moving towards Socialism...Read More
"One should only invest in what s/he knows about. Do not listen to hot tips, or me. Everybody wants hot tips. Those would bankrupt you, ruin you," the American investor and financial commentator said during an interaction with Shiv Sehgal, President and Co-Head of the Institutional Clients Group at Edelweiss Global Investment Advisors, at the ETMarkets Global Summit 2021.Jim Rogers co-founded the...Read More
We are living in a financial war of the worlds, this according to best-selling author and former Goldman Sachs Managing Director Nomi Prins. In this interview with our Daniela Cambone, Prins explains that the Federal Reserve has been overstepping its boundaries since 2008. The question is, can it be tamed and how? The former banker also weighs in on the recent bitcoin clampdown from HSBC and other...Read More
The Dollar is in trouble. Recently there's been a fundamental shift in monetary policy that's bringing into question the U.S. dollar's strength against other currencies. And a concerning split in the global economy is increasing the odds that China may dethrone the U.S. dollar. The founder of http://IndependentSpeculator.com Lobo Tiggre has a history of going where others dare not tread. Lobo join...Read More
1. Markets are in rally mode this morning as we get ready for the inauguration of Joe biden. It will be interesting to see how long the markets will embrace the incoming president. He is expected to eventually raise taxes both corporate and personal, reintroduce regulations, and spend another $1.9 trillion. This is why we use charts and not our opinion. At this time, the trend is up and until that...Read More
Proprietary analyst and founder of KirbyAnalytics.com, Rob Kirby, returns to Liberty and Finance to sound the alarm that the reported level of preparations and military firepower deployed nationally ahead of Jan 20th's planned Biden inauguration cannot be explained as proportionate for putting down a popular uprising. The startling buildup raises serious questions about what much greater conflict...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
I told you so. Donald is a one term President.Trade deficit worse now than before we were "winning" trade deals.Trump added almost as much to the deficit in 4 years as Obama did in 8.Only thing Trump didn't like about Obamacare was the name.The cornerstone of Trump's legacy and the cornerstone of Trump's criticisms of Obama are the same.Trump failed to make America great, but pretended that he suc...Read More
Brazil-based miner Vale said its sales have not been affected by a fire that impacted one of its piers at the Ponta do Madeira port terminal last week, in the country's northern Maranh??o state.The terminal caught fire on Thursday January 14, but the accident was contained with no victims or environmental damage, according to the miner. The company is investigating the causes of the incident, it a...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
Leftists are now literally calling for a new "secret police" unit to be created at the federal level to spy on Trump supporters.Continue...Read More
Lee Cooperman, chairman and CEO of Omega Family Office, told CNBC's "Squawk Box" Wednesday that he sees euphoria in the markets and he is skeptical about the longer-term outlook.Leon Cooperman is an American billionaire investor and hedge fund manager. He is the chairman and CEO of Omega Family Office.Read More