Loading
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...
Ferrous scrap: Benelux price falls due to weak exports
Scrap prices in the Benelux fell on Monday as expected demand in the main export market, Turkey, failed to materialise. Turkey's purchases are slower than expected. Benelux scrap exporters' demand for material from local producers is also weak. European prices for...
Iron ore: price rises despite Chinese holidays
Iron ore prices continued to rise on Monday. Despite the Chinese holiday and ongoing closures, markets remain optimistic about future government support. On the Singapore Exchange, May 62% Fe futures settled up $2.41/tonne at $163.75/tonne, while the same contract for...
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....