Tag archives: SS
Ship Shape – FIS Commodity Weekly 31/07/20
Ouch Thursday afternoon saw a report that US GDP in Q2 shrank by 32.9%. Now this may have beaten expectations, but it’s a bit like saying that you didn’t come last in the 38,000-person London Marathon, you came second last. That kind of incredible fall is the reason for the huge drops in demand for …
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Steel & Scrap Morning Report
Steel & Scrap Morning Report
FIS CASTAWAY – EPISODE 18
This week geopolitics takes centre stage as the team discuss escalating China-US tensions weighing on markets, along with outlining current market trends in all of FIS’s markets. Available now on the FIS website (www.freightinvestorservices.com/media ) Spotify https://open.spotify.com/show/7yMLsm5s8tLtrCQr7bG8wD?si=FW6Rvj9HRjClAx3vRjq8iw And Apple https://podcasts.apple.com/sg/podcast/fis-castaway/id1507094242 Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis …
Steel and Scrap News
*Physical scrap moves higher on increased fixtures prior to Turkish holiday Turkish scrap import prices continued to strengthen this week, amid strong finished product demand. A Baltic based seller recently transacted an HMS 80:20 and bonus scrap cargo at $271/t and $281/t CFR respectively, a $5 increase over where physical was trading last week. However, …
Steel & Scrap Morning Report
Steel & Scrap Morning Report
The ‘New-COVID’ Economy
US-China trade tension and rising COVID-19 infections have resulted in negativity creeping into the iron ore market, the greenback, and European shares. The global outlook is being shaken by the threat of a second European wave and a continued rise of infection levels in the US. The uncertainty has seen gold rally to an all-time …
