Category archives: Products

Daily Ferrous Physical Review Nov 4th

Ferrous Market –    Ganggu Construction Steel Inventory: production 5.32 million tonnes, up 17,800 tonnes w-o-w. Mills inventory 3.82 million tonnes, down 301,500 tonnes w-o-w. Circulation inventory 8.66 million tonnes, down 704,400 tonnes w-o-w. –    Eurofer estimated steel apparent consumption down 14.6% in the year 2o2o, previous expected down 16.6%. Expected apparent consumption up 13% in …

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European Close 3/11/20

Strong PMI figures in China have not filtered through to the DCE iron ore with price remaining below the RMB 806 level. A positive night session has seen the futures move RMB 8 higher, USD 1.18 for the Nov futures (+1.1%). Potentially this is nothing more than day traders positioning themselves for a potential change …

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Things to Watch for This US Election Night

1. Florida – the sunny bellwether Always a key state in the US election, this one is a ‘must-win’ for Trump. Its 29 Electoral College votes it could either be a platform for Trump to put together a winning campaign, or where it sinks at the first hurdle.   2. The Sun belt: Texas, Georgia, …

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