Tag archives: SS

FIS Castaway Podcast – Episode 70 – 01/09/21

      FIS Castaway Podcast – Episode 70   Get in your gamble straddles and ride out Q4 in comfort? Hear about that suggestion and what’s been driving the freight and commodity markets in this week’s podcast.     Listen Below:   Website – https://freightinvestorservices.com/blog/fis-castaway-eps-70/   Spotify – https://open.spotify.com/episode/6blIv7KxtIp2MQyMDygH1L?si=tucsNWN3S1GSvlDcXu8r-w&dl_branch=1   iTunes – https://podcasts.apple.com/gb/podcast/episode-70/id1507094242?i=1000533971959       …

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Morning Steel and Scrap Report 27/8/21

FOB China HRC   The index was stable yesterday (26.8.21) at US$908/t, MTD US$922/t.   Automakers including Toyota, Volkswagen and Ford have announced production cuts from September for lack of semiconductors. Covid lockdowns in Malaysia, a production center of semiconductors in southeast Asia, have been a driver of factory shutdowns.   Chinese HRC inventory held …

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Morning Steel and Scrap Report 26/8/21

FOB China HRC   The index fell by $2/t yesterday (25.8.21) to US$908/t, MTD US$922.82/t.   Cisa member mills reverses early August Crude steel output cuts, increasing output by 4.6pc to 2.1379mn t/day over 11-20 August from 1-10 August. The output was still 1.1pc lower from a year earlier. There are no changes for major …

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Morning Steel and Scrap Report 25/8/21

FOB China HRC   The index was flat yesterday (24.8.21) at US$910/t, MTD US$923.75/t.   People’s Bank of China governor Yi Gang said in a statement that the bank will adjust its credit and loan polices to support small and mid-sized companies. The bank will “increase cash supply modestly to help China’s economy to run …

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Morning Steel and Scrap Report 19/08/21

FOB China HRC   The index fell by $6/t yesterday (18.8.21) to US$919/t, MTD US$927.58/t.   Beijing has pushed a “common prosperity” objective to reduce economic inequality, raising risks of an economic slowdown during the regulatory reset. Policymakers said they can counter that risk with monetary and fiscal support. Beijing also plans to add more …

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Morning Steel and Scrap Report 18/08/21

FOB China HRC   The index fell by $6/t yesterday (17.8.21) to US$925/t, MTD US$928.36/t.   The National Development and Reform Commission said that nine provinces including eastern China’s Jiangsu province showed increasing energy consumption in the first half year, and these regions were asked to make more enforceable measures to meet the energy consumption …

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Morning Steel and Scrap Report 17/08/21

  FOB China HRC   The index rose by $3/t yesterday (16.8.21) to US$931/t, MTD US$928.70/t.   China’s industrial production rose by 6.4pc in July from a year earlier, but slower than the 8.3pc gain in June, according to the national statistics bureau. Real estate data showed growth from both 2020 and 2019, but at …

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Morning Steel and Scrap Report 16/08/21

(ARGUS) FOB China HRC –   The index was unchanged last Friday (13.8.21) at US$928/t, MTD US$928.44/t.   China’s iron and steel association Cisa was heard to collect suggestions from some Chinese mills on the country’s 2022 import and export tax adjustments before 17 August, participants said. They were unclear whether it means China may …

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