SteelGuru
@SteelOracle
30 years of Stockholding Sales experience. Rumours and facts delivered to you. Its upto you to decide their credentials.
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My eldest sister Shirley passed away today at the age of 88 she had been sick for a while but I guess covid got her in the end to join our brother Derek who passed 2 weeks ago . RIP SHIRL
Couldn’t agree more, I used to@like listening to farage but after today’s disinfectant denial I suddenly realised he thinks the public are stupid, guess what not quite as much as him,
You are a double barrel tosser You should be renamed Nigel Anusol as you are so far up Trumps rectum it is untrue. The interesting thing is you think Trump gives a toss about you. Well done on @gmb today you made the nation laugh at you your blatant ignorance.
Market sources said that ex-West Coast HMS I/II 80:20 has been traded in the range of $265-270/mt CFR Kandla port in the west, compared to trades completed at around $280-282/mt CFR in the earlier week 🔗 bit.ly/31c4fzN
Structural mills in Europe look to cut production in line with demand in an attempt to firm up prices. Order books are slowly returning and at levels expected after various country lockdowns.
The uk steel sector bracing itself for a round of redundancies. Market conditions down some 30% and slowed cashflow is causing companies to cut their cloth accordingly.
Something for nothing - you tax the rich too hard the rich Go. Then you have no more money at all. Corbyn think before you act. Those who want extra money Work for it. Try harder. Create your OWN business.
Mr Corbyn lives in an expensive house in Islington . I guess if you tot up all his assets he is worth more than £1m. He is a hypocrite and is peddling a robin hood story and fooling people like you . There was poverty under Labour back in the days I was referring to .
Although I agree the mill needs a helping hand this £300m will be used all the way down to stockholding level where they are competing with and due to surplus capacity in the supply chain gives them an unfair advantage. Sell off the stockholding side or close them.
UK government agrees £300m rescue package for #British #Steel theguardian.com/business/2019/…
theguardian.com
UK government agrees £300m rescue package for British Steel
New funds thought to be enough to secure a sale to widening list of interested private bidders
Has the French subsidery now broken away with grey bull intact? This was a profitable arm of BS but now removed. Not sure this will help the sale.
Selling British #Steel whole is 'top priority' says Business Secretary gazettelive.co.uk/news/teesside-…
Whilst in debt and borrowing money from the uk tax payer Nationalise BRITISH STEEL, close their loss making distribution depots and focus on a more controlled company. They can never pay back these loans look at their margins this last five years.
#Steel prices in the US have dropped below their levels before #Trump´s new #tariffs on imports last year, as world markets have responded to concerns about a slowdown in demand in #China. ow.ly/dUCW30neSsY
The UK steel market seems to remain optimistic despite the failings of government Brexit deals. However, stockholders seem to have dropped their prices again strong on a crash 2nd, 3rd and 4th quarter. Come on guys and girls you are drowning already.
245 arrested and Yuan 4.8 billion worth of steel scrap seized as #China cracks down on #scrap smuggle for export. The Chinese Customs’ crack-downs on steel smuggling and tax evasion. This is a case illustrating that the country is evovling towards a more organised economy.
"We will now trigger a dispute settlement case at the WTO, since the US measures on steel and aluminium clearly go against agreed international rules" @MalmstromEU #EUTrade pscp.tv/w/1YpJkElwOAXKj
The decision to impose tariffs on European-origin steel imports could also lead to the return of Turkish-origin material into the US market. What do you think on... @BBCr4today
Section 232 the maddest way to sure up your own industries because the world is reliant on each other now to succeed. It’s blinkered and it’s another short sighted way to do business. Maybe the whole world should impose a 25% tarrif on all imports. Think of the revenue!!
Trust you all realise my previous so called negative price directions have come to fruition.
Prices for steel beams in Europe dropped for the second week in a row, under pressure from poor demand and weak global steel markets.
Iron ore prices shaky @Macquarie @jpmorgan @BalticExchange @Trafigura @SGX @StockBoardAsset @MiningMagazine @ML_SuperNinja @TheKouk
#EU Domestic #HRC #Steel prices in #Europe dropped this week, due to drop down trend in international market mainly in #China.
#ironore inventories at Chinese ports 'still at high level,' says Wang Liqun, VP, China Iron & Steel Association #IronOreWeek @cnbcSri #CISA
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