The SMU/Steel Reality Fair Value Index HRC model showed spot HRC pricing below fair value for the
third week in a row. With the SMU average spot HRC price falling $5/ton last week and scrap inputs
remaining the same, the model moved fair value further into negative…

The various indices we follow on a weekly basis – CRU, Platts, Steel Orbis and SteelBenchmarker all
dropped their index pricing on virtually every product by double digits this past week….

China’s platinum jewellery market has great potential for growth  as rising wealth fuels
demand for luxury products, a senior official of Hong Kong-based jeweller Luk Fook said on
Friday. 

While China posted higher palladium imports during April, Chinese platinum imports declined on a
month to month basis. Hints of Chinese easing was thought to have provided some physical commodity
markets like platinum with minor support, especially since that news was…

Will February?s Increase Be the Start of an Upward Trend for the Copper Industry
From
electrical wires and plumbing pipes to roofing sheets and machinery, copper is a familiar metal to
the construction and manufacturing industries. The copper business, in general, has had its ups and
downs in recent years ? and prices of copper have followed. After copper… Read more

Like gold and silver, some traders feel that the platinum market has extended this week’s recovery
but at a less aggressive pace. Like silver, platinum is probably finding support from large gains
in gold prices, but platinum is not expected to receive a full measure of…

There is no sign of a bottoming in Hot Rolled Coil (HRC) futures prices, in fact the price decline
accelerated today as worries intensified about the European financial system….

Utilizing a trailing average Hot Rolled Coil (HRC) price, the SMU/Steel Reality price momentum
meter for flat rolled steel in the US remained below 0% this past week for the 13th straight week
of negative readings….

Gold futures bucked the trend of the broader market and jumped $38 or 2.5% on Thursday, the largest
percentage increase since 25 October, 2011. S&P fell almost 2% while Stoxx and crude oil both
dropped 1.5%. Dollar index rose for 14 consecutive days….

The platinum market has traded higher during this morning, and has risen clear of yesterday’s lows
for the move. Many traders feel that stronger equities and positive US economic data could provide
the market will additional support….