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Iron ore: prices hit 10-month highs on supply concerns
Dalian iron ore futures rose to 10-month highs Monday on the back of reduced inventories at Chinese ports, which fueled a rally spurred by optimism about demand from the world's top steel producer. Coking coal, another ingredient for steel production, also extended...
Steel: Iranian production fell 20.7 percent in April
Iranian steel production fell 20.7 percent year-on-year in April amid a continued decline in global steel production caused by lower production activity in China. Total output from Iranian steel mills in April reached 2.2 million metric tons. Data show that Iranian...
Steel: Turkish exports fall 19.7 percent in May
In May, Turkish steel mills' steel export volumes decreased 19.7 percent year-on-year to 1.63 million tons, but revenues generated from these exports increased 11 percent year-on-year to $1.9 billion. According to CIB data, in the first five months of 2022, Turkish...
LME again in court. Will face $15.3 million lawsuit
The London Metal Exchange (LME) has been sued for the second time in less than a week as legal challenges mount over its decision to suspend and cancel nickel futures trading in March. Jane Street Global Trading, a trading firm, filed a legal challenge against the LME...