November 26, 2025
Bottom Line Current Situation. Over the last two weeks, spot HRC has done exactly what the setup suggested – it’s drifted higher, up roughly 5%, with today’s +5.4% d/d surge to $900/st marking the strongest…
November 21, 2025
LME Metal Prices Mixed vs. Yesterday’s Close. Copper -0.06% to $4.87/lb; aluminum +0.15% to $1.37/lb; nickel +0.37% to $7.54/lb; zinc +0.01% to $1.43/lb; lead +0.13% to $1.10/lb; gold -0.02% to $4,077/oz; silver -1.35% to $50.66/oz; platinum…
November 13, 2025
LME Metal Prices Mostly Higher vs. Yesterday’s Close. Copper +0.22% to $4.91/lb; aluminum +0.44% to $1.38/lb; nickel -0.57% to $7.71/lb; zinc -0.18% to $1.44/lb; lead +0.48% to $1.12/lb; gold +1.66% to $4,195/oz; silver +3.96% to $53.25/oz;…
November 6, 2025
LME Metal Prices Mostly Higher vs. Yesterday’s Close. Copper +0.24% to $4.84/lb; aluminum +0.89% to $1.37/lb; nickel flat at $7.68/lb; zinc +0.14% to $1.44/lb; lead -0.49% to $1.11/lb; gold +0.22% to $3,988/oz; silver +0.56% to…
September 24, 2025
LME metal prices mostly lower vs. previous close. Copper flat at $4.50/lb; Nickel +0.19% to $7.73/lb; Aluminum -0.19% to $1.32/lb; Zinc -0.35% to $1.39/lb; Lead -0.46% to $1.08/lb; Gold -0.07% to $3,762/oz; silver -0.33% to $44/oz;…
September 15, 2025
Our Inaugural Metals & Mining Daily Snapshot. Welcome to the first edition of our Metals & Mining Daily Snapshot. Starting tomorrow, you’ll have this in your inbox at 7am every morning – think of it…
September 4, 2025
What’s Inside? Twenty-three exhibits capturing the core industry trends that will likely dictate North American steel pricing in the months ahead. Conclusion. Spot HRC prices have held mostly steady over the past two weeks, but…
December 28, 2023
Did Janet Yellen Intentionally Squeeze the Long-Duration Bond Shorts with her 10/31/23 Quarterly Refunding Announcement (“QRA”), and is it About to Make the Fed’s Job a Lot Harder? By way of background, we remind our…
December 13, 2023
How’s Inflation Trending, and Just How Loose Are Financial Conditions at Present Ahead of the Fed’s Rate Decision/Powell’s Testimony Later Today? In this note, in detail, we analyze yesterday’s CPI inflation report, and also look…
November 19, 2023
What’s Up? In this note, we detail why, with last week’s release of the US Treasury’s latest Quarterly Refunding Announcement (“QTR”), the relationship between the Federal Reserve and the US Treasury, through 1Q24E, will likely…
June 16, 2023
Fireside Chat with Steel Industry Veteran Provides Insights into what to Expect Looking Forward. In light of the forward June U.S. spot HRC contracted price falling -1.4% over the past month (Ex. 1), Chinese spot HRC…
June 16, 2023
Fireside Chat with Steel Industry Veteran Provides Insights into what to Expect Looking Forward. In light of the forward June U.S. spot HRC contracted price falling -1.4% over the past month (Ex. 1), Chinese spot HRC…
May 19, 2023
Has the Greatest Iron Ore (“IO”) Commodity Consumption Bubble in History Burst, Suggesting Underappreciated Risk to IO Prices in 2H23/2024? In the analysis put fourth within this report, we look to answer the question posed…
May 10, 2023
Comments from Landlords and Tenants Suggest J. Powell’s Prediction “Sizzling” Rent CPI Inflation will Vanish in 2H23 May Prove Aspirational. Rather it’s comments from the largest publicly-traded landlords of single-family homes in the US, or…
May 2, 2023
Large Asset Manager Provides Insights into What One Should do If the Fed is Going to Hike 25bps and Signal No Pause Yet this Wednesday. In our discussion with one of the largest U.S. hedge…