Turkish steelmakers have continued their deep-sea scrap purchasing despite rising prices, supported by strong rebar and billet sales, market sources said on Thursday February 25.A steel mill in the Iskenderun region booked a US cargo, comprising 11,000 tonnes of HMS 1&2 (80:20) at $454 per tonne along with 16,000 tonnes of shredded and 3,000 tonnes of bonus at $464 per tonne cfr.The same mill also...Read More
Brazilian steel scrap consumption is expected to grow in 2021 after scrap generation increased and began to meet a jump in demand from mills in the second half of 2020, the country's ferrous scrap association, Inesfa, said.Inesfa calculated scrap consumption at 8 million tonnes in 2020, up from 7.79 million tonnes in 2019, with the current environment signalling a rise this year, it said.That said...Read More
Iron ore prices mostly increased on Thursday February 25, supported by healthy mill margins and expectations of a steady rise in demand for steel, sources told Fastmarkets.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $174.24 per tonne, up $1.53 per tonne62% Fe low-alumina fines, cfr Qingdao: $174.70 per tonne, up $1.59 per tonne58% Fe fines high-grade premium, cfr Qingdao: $160.06 per t...Read More
The rise in bulk freight rates, especially from Asia, has dramatically boosted seaborne steel prices and disrupted South American foreign trade, market participants told Fastmarkets in the week to Thursday February 25.Trader sources have reported a material decrease in vessel availability, especially in China, that led to some steel mills cancelling their offers to the continent. Shipping companie...Read More
Steel billet offer prices to Egypt increased sharply this week, despite a complete lack of buying activity, sources told Fastmarkets on Thursday, February 25.Sources said the main reason for the higher offer prices was growing demand for billet from the Commonwealth of Independent States.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $566 per tonne on February 24, rising fr...Read More
Turkish steel billet prices have gone up over the past week due to the increasing cost of scrap and firm demand in both the domestic and overseas markets, sources said on Thursday February 25.Scrap import prices in Turkey have been increasing due to the rising freight costs seen worldwide.Three steel producers booked US- and Baltic Sea-origin cargoes on February 24 at $445-447 per tonne cfr on an...Read More
A deepening of the acute shortage of titanium scrap, added to the news this week of a slump in aerospace orders, should support and strengthen prices for both scrap and ferro-titanium in the coming months despite the potential consequences for alloy consumption, industry sources told Fastmarkets on Wednesday February 24.Prices in Europe's titanium scrap markets have been rallying for almost seven...Read More
The U.S. 10-year Treasury yield briefly surged above 1.6% on Thursday. Until the Federal Reserve declares an intervention to bring down the long-end of the curve, equities markets could see continued "nervousness" said Danielle DiMartino Booth, CEO of Quill Intelligence. 0:00?EUR< - Federal Reserve and inflation4:37?EUR<- Bond yield rise6:15?EUR< - Fed reaction to yield rise8:46?EUR< - Stock marke...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
Bob is the created and owner of Trade Genius Academy. Bob begins the conversation with bitcoin. Bitcoin is now rising and it will not stop. The [CB] is now panicking over another currency and they will try to stop it by using information or any other method. Bob believes that gold, silver and bitcoin are going to rise to highs by the end of the year. The people are choosing a new currency and the...Read More
1. Major sell-off day. Every sector is down, including Russell 2000. It led the decline down 3.7% A total blood bath on massive volume. Nick's cautionary words are coming true. Broad-based sell-off across the board. What goes up parabolic will eventually come down the same way. Nasdaq down 3.5%. It's not too late for the trade of the decade. Go over to InTheMoneyStocks.com and findout.Time to rena...Read More
0:00?EUR< - Introduction0:32?EUR< - BAN Trading Strategy4:19?EUR< - Finding Top Sectors7:23?EUR< - Overall Equity Outlook11:37?EUR< - News, Texas, & Energy14:10?EUR< - True Moves vs. the News17:24?EUR< - SIL.J Chart19:23?EUR< - Silver Predictions20:49?EUR< - Silver Targets24:22?EUR< - Silver Timing & Sell-Offs27:25?EUR< - Platinum Performance29:48?EUR< - Crash or Sideways Move?32:13?EUR< - Wrap Up...Read More
Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Corps, having attained the rank of Lieute...Read More
Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider's Take on Why the Federal...Read More
Jerome Powell becomes more dovish each time he speaks.US Dollar hits new low against Australian and Canadian Dollar.Technical charts show dollar heading towards a cliff.Elon Musk responds: ???+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 Capita...Read More
Former Olympic gymnastics coach John Geddert is dead of a self-inflicted gunshot wound Thursday afternoon, just hours after he was charged in Michigan with 20 counts of human trafficking, sexual assault, lying to a peace officer and racketeering.Continue...Read More
Rand Paul highlight from an hour ago. Levine, a pediatrician, previously served as the secretary of the Pennsylvania Department of Health before being nominated by Biden.Continue...Read More
China is on course to become the first country to roll out a digital version of its currency, our Daniela Cambone speaks with best-selling author Gordon Chang about the significance and importance of the move. "This is not a cryptocurrency- this is a central bank currency, which means the People's Bank of China (PBOC) will know how people are using it. It is basically totalitarian control," Chang...Read More
*This interview was first released on Feb. 16Rick joins us today to talk gold, junior mining, commodities and more. Within, Rick provides his insight on the sell off experienced among junior gold names over the course of the fall following last summer's run, and the impact social media has on investing in 2021. Also covered is the topic of oncoming US stimulus, inflation, and the impact of groups...Read More