-
02 July 2009
Macroeconomists have been readjusting their forecasts of Chinese GDP growth in 2009 as it becomes clear that the Chinese government’s stimulus plan has had far-reaching effects over the previous two quarters.
-
30 June 2009
This week's round-up of steel raw material prices and forecasts - including iron ore, ferrous scrap, DRI/HBI, coking coal markets
-
30 June 2009
China produced 126.41m tonnes of coke from January through May, down by 7.4% year on year from the same period last year. Coking coal prices are likely to increase.
-
30 June 2009
There has been no major change in Indian spot export prices for iron ore fines over the last week, although higher quotes for shipping to China have pushed up cfr prices to major Chinese ports.
-
30 June 2009
The South African rand has strengthened by 20% against the dollar in the past two months alone. Electricity prices have also shot up. The winter tariff set in at the start of June, lifting prices by 20%.
-
30 June 2009
LME zinc stocks increased again, with the rise accelerating for the fourth consecutive week. By Friday, stocks had reached 353,700 tonnes – up 14,525 tonnes or 4.3% on the week – due to arrivals mainly in Asia and the USA.
-
30 June 2009
A3 material ex-black sea prices have also seen increases in the last week as Turkish buyers unable to source material ex-deep sea have been turning to this region.
-
30 June 2009
MBR understands that poor demand has forced certain CIS pig iron producers to exit the market impacting pig iron prices
-
30 June 2009
Freight markets witnessed their first weekly slump for some time, with the Baltic Dry Index finishing the week at 3,703, down 367 points on the previous week.
-
30 June 2009
Key steel and steel raw material consumption drivers - key economics statistics of the week - GDP, IP, Industry confidence surveys