Tag archives: SS

Morning Steel and Scrap Report 11/08/2021

FOB China HRC   The index kept flat yesterday (10.8.21) at US$928/t, MTD US$928.67/t.   Hebei province will cut steel production by 21.7mn t in 2021 from its 249.8mn t produced in 2020, while Tangshan will cut by 12.37mn t in 2021 and add restrictions for the 2022 Beijing Winter Olympics over 4-20 February. China’s …

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Morning Steel and Scrap Report 10/8/21

FOB China HRC   There is no index yesterday given Singapore holiday.   China exported 5.669mn t of steel products in July 2021, up by 35.8pc on year. Its January-July export volume increased by 30.9pc on year to 43.051mn t, while the import volume for steel products fell by 59.7pc in July to 1.049mn t. …

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Ship Shape: When It Rains It Pours

  FIS: Ship Shape When It Rains It Pours   You might be mistaken for thinking that I am referring to the typically British weather that we have had recently, whereby what could have been a gloriously sunny summer has been interrupted by biblical rains and high winds.   Alas not, as awkwardly British as …

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Morning Steel and Scrap Report 9/8/21

FOB China HRC   The index fell by $1/t last Friday (6.8.21) to US$928/t, MTD US$928.80/t.   Some cities in east China’s Jiangsu province tightened policies to control the spread of Covid, slowing transportation between Shanghai and Jiangsu with drivers required to have frequent Covid tests. Participants remain cautious in seaborne market given China’s uncertain …

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FIS Castaway Podcast – Episode 66 04/08/21

    FIS Castaway Podcast – Episode 66     Iron ore leads the fall as we discuss Chinese emissions targets, OPEC+ production, and typhoon congestion affecting the ferrous, oil and freight markets.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-66/   Spotify https://open.spotify.com/episode/4cIFXumuQH7h3yKMHtM3SC?si=813wyHFoTvWFnPujqMGwSA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-66/id1507094242?i=1000530964587         Disclaimer: This podcast is a marketing communication and …

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