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Hot-rolled coils: European prices fall due to oversupply
Hot-rolled coil prices in Europe have fallen and market players are increasingly convinced that the market is set to decline significantly. While several mills have offered coils at €1,300/mt exw, some offers have been as low as €1,280/mt exw. Despite this, most...
Palm oil: Indonesia stuns markets by extending ban
Indonesia has widened the scope of its ban on exports of cooking oil feedstocks to include crude and refined palm oil, leaving markets in shock at the latest policy reversal. The announcement reversed the minister's statement the day before, which had said that the...
Coal: China removes import tariffs to secure supplies
China has removed import tariffs on various types of coal as part of its efforts to maintain adequate supplies amid global disruptions caused by the Russia-Ukraine conflict. The tax cut will be effective from 1 May 2022 to 31 March 2023. The tariff has been reduced to...
Steel plates: prices weaken due to insufficient supply
Global merchant plate prices have diverged considerably as the origin of the material has become the identifier of value amid the Russian invasion of Ukraine and subsequent sanctions on Moscow. The addition of religious holidays in various regions throughout April...