Daily Ferrous Physical Review Jul 24th

Ferrous Market Updates –    MySteel researched 247 steel mills operation rate at 91.02%, up 0.26^ w-o-w, up 5.08% y-o-y. Blast furnace utilisation rate 93.08%, up 0.12% w-o-w, up 6.72% y-o-y. Daily pig iron production at 2.48 million tonnes, up 3,200 tonnes, up 178,800 tonnes w-o-w. –    Mysteel 45 ports iron ores inventory 113.25 million tonnes, …

Oil Through the Looking Glass 23/7/20

*Unexpected Rise in US Stocks Both US oil and distillate stocks rose unexpectedly and fuel demand slipped according to data released by the EIA yesterday. Crude stocks rose 4.9 million bbls last week to a total of 536.6 million bbls; this was despite an analysts’ expectation of a draw of 2.1 million. Distillate stockpiles rose …