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Steel: prices in China could rise to new highs in April
In April, prices of most Chinese steel products could reach new highs for this year. Central government policies to stimulate economic growth should start to take effect, domestic steel demand should recover from the COVID-19 disruptions, and demand for Chinese steel...
Copper: ready for a medium/long-term rally
Before the Russian invasion of Ukraine on 24 February, global equities were already facing their first critical event as inflation began to accelerate. This risk continues, as inflation recently reached 40-year highs in the wake of a global pandemic, government...
Steel: Turkish exports rise up 20%.
Turkey’s steel exports have increased by 20% to a record 19.9 million tonnes in 2021, with higher prices meaning revenue will rise by 93% to $16.5 billion in 2021. Turkey’s total finished steel consumption increased by 13% to 33.4 million tonnes in 2021....
Steel: German market expects significant drop in stocks and production
German steel producers, traders and buyers have been almost consistently bullish on prices in April, with the unanimous expectation that production and inventory levels may decline. The inventory sentiment index stood at 18.75, suggesting that market participants...