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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...
Steel: an unprecedented increase also for the Egyptian market
Three of Egypt’s largest steel producers have announced that they have raised prices by up to 17%, or around LE 3,000 per tonne (EUR 150/mt), in what would appear to be the largest steel price increase in Egypt’s history. Ezz Steel, Egyptian Steel and Suez...