The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDG, PPGI Hot-rolled coilTurkey, domestic, hot-rolled coil, offered at $500-515 per tonne ex-works, February production.Turkey, domestic, hot-rolled coil, traded...Read More
Domestic prices for steel coil products in Turkey fell this week on continued slow demand, sources told Fastmarkets on Friday December 28."Buyers are not willing to book despite low stock levels," a source told Fastmarkets MB. "The first quarter of 2019 will also be slow for steel trading."Fastmarkets MB's weekly price assessment for Turkish domestic hot-rolled coil (HRC) was at $500-510 per tonne...Read More
China's hot-rolled coil (HRC) prices dipped on Friday December 28, although trading was moderate because downstream demand was stable, sources told Fastmarkets MB.DomesticEastern China (Shanghai): 3,680-3,700 yuan ($535-538) per tonne, down 20-30 yuan per tonneNorthern China (Tianjin): 3,630-3,650 yuan per tonne, down 10 yuan per tonneThe dominant price range in Shanghai was 3,690-3,700 yuan per t...Read More
Large investment into construction, power and transport in North Africa will support further steel demand growth in the region but not significantly, Fastmarkets heard at the 22nd Middle East Iron and Steel Conference in Dubai on December 10-12.In North Africa, there are major infrastructure projects - either under construction or still in the planning stages - with investment totaling close to $6...Read More
No activity was reported in the global pig iron market over the past week, because buyers in the United States and Europe - the key outlets - left the market for end-of-year holidays, as did exporters from Brazil; the holiday period for suppliers from the Commonwealth of independent States will start next week. Pig iron sentiment remained pessimistic due to weakness in final steel product markets...Read More
Chinese iron ore buyers continued to take caution on Friday December 28, the last trading day for most market participants in 2018.MB 62% Fe Iron Ore Index: $72.73 per tonne cfr Qingdao, up $1.25 per tonne. MB 62% Fe Pilbara Blend Fines Index: $72.56 per tonne cfr Qingdao, up $1.25 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $74.12 per tonne cfr Qingdao, up $0.56 per tonne. MB 58% Fe Premium...Read More
Fastmarkets has amended the specifications for its three pig-iron price assessments in the United States and Brazil to reflect the existing market conditions.Following a month-long market consultation, the US and Brazilian pig iron prices have been amended to include the chemical compositions into the specifications to specify the phosphorous content of the pig iron, while payment terms and timing...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Global Ore, 170,000 tonnes of 62% Fe Brazilian Blend fines, sold at the February average of the...Read More
There was thin spot trading in many parts of Asia, with most market participants having already exited the market for the year-end holidays.There were limited bids and offers in the key import markets of Taiwan and Vietnam.There was some talk among market participants that the supply of Japanese ferrous scrap is facing some tightness because many domestic and regional mills want to secure the...Read More
Participants in the seaborne coking coal market are keeping a close eye on Chinese buying activity while they gauge the raw material's price direction in the New Year.A small cargo of premium mid-vol material changed hands at $203 per tonne cfr China, market sources said on Friday December 28.Earlier in the day, an offer for premium hard coking coal material was heard at $198 per tonne cfr China,...Read More
The following Fastmarkets minor metals prices changed on Friday December 28:Minor metalsBismuth MB China domestic, yuan/tonne: 47,500-49,500 yuan per tonne from 47,000-49,500 yuanCobalt MB China domestic, yuan/tonne: 340,000-360,000 yuan...Read More
An overview of the Chinese minor metals markets and the reasons for any price moves. See also:2018 REVIEW: Eight things that changed in the minor...Read More
I have never met anyone who likes losing money. And in all my years, I have never met a rich person who has never lost money.But I have met a lot of poor people who have never lost a dime-investing, that is.The fear of losing money is real.Everyone has it. Even the rich.But it's not the fear that is the problem. It's how you handle fear. It's how you handle losing. The primary difference between a...Read More
Adam HamiltonArchivesDec 28, 2018 Stock markets are forever cyclical, an endless series of alternating bulls and bears. And after one of the greatest bulls in US history, odds are a young bear is now gathering steam. It is being fueled by record Fed tightening, bubble valuations, trade wars, and mounting political turmoil. Bears are dangerous events driving catastrophic losses for buy-and-hold inv...Read More
Max interviews Professor Steve Keen, author of "Debunking Economics", about the great unraveling of the Australian property market. Is it real this time? And what sort of government and central bank measures will be thrown at it to reflate the bubble?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 fi...Read More
The entire problem of lowering interest rates to "stimulate" the economy demonstrates that central banks cannot really manage anything. This theory is based upon the idea that ifContinue...Read More
"Just had a long and very good call with President Xi of China. Deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made!Continue...Read More
Continue...Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agr...Read More
Wolf Richter is the founder of Wolf Street Corp and the publisher of WolfStreet.com. Wolf has over twenty years of C-level operations experience, including turnarounds and a VC-funded startup. He has a BA, MA, and MBA (UT at Austin). In his prior life, he worked in Texas and Oklahoma, including a decade as General Manager and COO of a large Ford dealership and its subsidiaries. Read More
Host of the popular radio show "Operation Freedom" Dr. Dave Janda warns about the massive debt problems the world is facing and the coming economic reset. Dr. Janda says Trump is correct when he says, "The real problem is the Fed and not China." Janda says the Deep State "rigged the economy to implode" with massive amounts of debt. Dr. Janda says, "Trump has been buying time" to put the American p...Read More