Loading
Copper: TC/RCs come under further pressure in Q3
Asian demand for copper concentrates is likely to be supported in Q3 by healthy margins and an increase in smelter capacity in China, while copper concentrate production is expected to be lower than consumption, putting downward pressure on the country's processing...
Sea Freight rates: reshaping global trade flows may be affected in Q3
The reshaping of global dry bulk trade flows due to the conflict between Russia and Ukraine, which was expected to boost demand for shipping, may be set back in the third quarter due to the deterioration in the global economic climate caused by soaring commodity...
Crude steel: industry expects China to announce a 2%-3% reduction in production in 2022
According to industry sources, China is likely to announce in July a 20-30 million tonne, or 2-3% year-on-year, reduction in steel production target for 2022. Steel production cuts at this level may not provide much impetus to the Chinese steel market, as annual steel...
Steel: UK import safeguard extension reallocates previous quotas for Russia and Belarus
The Trade Remedies Authority (TRA) has announced that quotas previously allocated to Russia and Belarus under the UK steel import safeguard scheme have been reallocated to other countries under the extended safeguard scheme with effect from 1 July. The reallocation...