/biz/ - Business & Finance

A nice new thread to start the week, can't ask for more than that.

Gold up, DXY down. Very excited for whatever the steel futures market has in store for this week.

>>57571215
>>57572577
Thanks. My sister and dad think my gf purposely stopped birth control to get pregnant when she knew I didn't want a baby.

Steel at 945, scrap at 460.

Interesting article on steel and "green" steel. With green house gas government pressures in parts of europe, they're using hydrogen instead of coal, to pull the oxygen out of iron ore. Instead of co2 this just produces water vapor. It costs about 30% more though.

They say by 2050 we'll need about 1/3rd more steel production worldwide. Currently steel produces about 7% of green house gas. I personally think 30% is a huge premium to pay. Right now steel is about 1000 bucks in America, nobody is going to pay 1300 to call it green. That said, maybe government pressures will force that to be the case.

https://www.ft.com/content/c882fe91-8ed4-47ed-a219-b6328036c20c#comments-anchor

>>57379814
thanks fren.

Scrap prices really rolling over for steel, I think we got a nice leg down before a new buy point.