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The US will continue to tighten its chains on Russian energy projects
According to US Assistant Secretary of State for Energy Resources Geoffrey Pyatt, US sanctions against Russian oil and natural gas are working and the US will continue to tighten them to hinder Russia's efforts to develop new ways to export fossil fuels. The Biden...
Crude steel: world production fell 4.3 percent in March
According to the World Steel Association (worldsteel), global crude steel production fell 4.3% year-on-year to 161.2 million tons in March this year. In January-March this year, global crude steel production increased by 0.5 percent year-on-year to 469.1 million tons...
Copper: price approaches $10,000/mt
Copper neared $10,000 a ton, touching a new two-year high, as investors continue to bet that miners will struggle to meet rising demand for the benchmark industrial metal. Base metals have posted broad gains in recent weeks, and copper opened Monday with a new advance...
Asian steel and scrap will face headwinds in second quarter
The Asian steel market is set to face challenges in the second quarter due to the bearish outlook for China's real estate and construction sector and weakening raw material costs. Demand for ferrous scrap has been modest in all regional markets, with some Asian mills...