Daily Ferrous Physical Review Jul 13th

Ferrous Market Updates –    Steelbank Inventory: rebar inventories 9.98 million tonnes, up 16.11% w-o-w. HRC 3.47 million tonnes, up 21.45%. –    Mysteel early July crude steel production expected 2.93 million tonnes/daily, down 0.64% from end-June. –    Brazil Miners Association president Flavio Penido said Brazil can run all iron ore miners and recover the production. Mining …

Oil Through the Looking Glass 10/7/20

*Singapore Holiday Adds to Quiet Friday* Singapore was on holiday today due to a snap election which left the market without its usual morning trading window and therefore volumes were diminished. Oil continued on from losses yesterday after the announcement of the Supreme Court decision in the release of President Trump’s finances. The market looks …

Crash, Bang, Recovery

It was never going to be easy recovering from the largest economic shock the world has ever encountered. After record drop in consumer spending, GDP, travel and so many other indicators, it is hard to quite fathom the scale of the disruption, or the mountain left the climb to bring things back to normal. Debt …