Category archives: Ferrous

Global Steel Demand To Drop 2.3% This Year According To Worldsteel 20/10/22

Global steel demand will fall by 2.3pc this year to 1.79 bn t, industry association Worldsteel said today, revising down its April guidance of 0.4pc demand growth.   High interest rates and persistently high inflation led to the revision, along with monetary tightening and market softening in China.   “The expectation of a continued and …

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Freight and Commodity Podcast 19/10/22

A special edition episode as we wish the podcast founder, Chris Hudson a farewell. We interview Chris and his old friends on the world of FFAs, fuel oil, and steel.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/75wSEWHTqcFsQngJ4KcTp7?si=2JDyZavnQFSECcVDLBGYgQ   Itunes – https://podcasts.apple.com/gb/podcast/episode-108-19-10-22/id1507094242?i=1000583186375  

Daily Virtual Steel Mill Report 19/10/22

Market Verdict on Iron Ore： • Neutral.   Macro： • The new British Chancellor of the exchequer overturned Prime Minister Truss’s huge energy subsidy plan. Supported by the news, the British pound rose 1.54%, and the FTSE index was nearly 1% by closing. • U.S. Industrial production growth rate increased 0.4% in September compared with …

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BHP Maintains 2022-23 Iron Ore Production Guidance 19/10/22

Australian resources firm BHP has kept its iron ore production guidance for the 2022-23 fiscal year to 30 June unchanged with sustained output.     It produced 72.1mn t of iron ore during July-September, up by 2.2pc on a year earlier, reflecting a firm supply chain performance and reduced Covid-19 related impact, which was partially …

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