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Clear Street targets the London Metal Exchange: the renaissance of open-outcry?
The industrial metals market is going through an evolutionary phase and, in this context, the interest of Clear Street, a US broker, could mark a crucial moment for the future of the London Metal Exchange (LME). According to sources close to the matter, Clear Street...
US port crisis: ILA strike looms over global economy
In less than five days, the current contract of the International Longshoremen's Association (ILA) will expire, and a possible large-scale strike looms on the horizon that could paralyse many of the US ports along the East and Gulf coasts. Negotiations between the ILA...
Decline in World Crude Steel Production: An Analysis of Global Dynamics in August
In the global steel landscape, the World Steel Association (Worldsteel) recently reported a decline in global crude steel production. In August 2024, production fell by 6.5 per cent year-on-year to 144.8 million tonnes. The period from January to August this year also...
China’s Stainless Steel Trade Performance: An August Analysis
In August, data on China's import and export of stainless steel showed interesting dynamics, with contrasting trends compared to the previous month and on a year-on-year basis. On the one hand, Chinese exports saw significant growth, while imports declined. These...