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Steel  & Iron Ore



#1 Steel Scrap $ per Truck Load (This is supposedly one of Alan Greenspans favorite indicators)
 
Steel London Metals Exchange (LME)
 
Shanghai  Futures Exchange Wire Rod Inventory
 
Shanghai  Futures Exchange Rebar Inventory
 
Iron Ore  Platts & Tsi
 
Notes & Links:


4/9/2017 The global steel market will tighten in coming years and eventually go into a deficit in 2020, says research firm BMI.
5/26/14 Fears of a mismatch between supply and demand and slowing industrial growth in China have had a significant impact on the value of iron ore.
Capesize rates rose to 21-month highs on Chinese iron ore demand that is estimated to grow 20% by 2015
5/30/11 (Bloomberg) Steel demand in China, the world’s biggest consumer, may rise by as much as a quarter by 2015 compared with demand last year, according to a projection from the China Iron & Steel Association, which represents producers.
5/17/11 Iron ore shipments from Australia's Port Hedland, one of the world's largest export terminals, fell to 15.88 million tonnes in April from 17.78 million tonnes in March
11/8/10 The longer than usual Indian monsoon, which usually ends by mid to late September, is reducing exports of iron ore.
10/13/10 China imported 460 million tons of iron ore, down 2.5% on year
8/20/10 (Business News Americas) South American crude steel production totaled 21.3Mt in the first half, an increase of 33.2% year-on-year, according to the latest figures from the World Steel Association. Production in June jumped 34.4% to 3.71Mt from 2.76Mt in the same month of 2009, the association said. Brazil, Latin America's largest crude steel producer, increased output 55% to 16.4Mt in H1, and 46.8% to 2.85Mt in June. North American production - which includes Mexico, Central America, Cuba and Trinidad & Tobago - rose 60.1% to 56.6Mt in the first half, while it showed a 55.2% increase to 9.87Mt in June. Global output soared 27.9% to 706Mt in H1 and 18% to 119Mt in June. China, the world's largest producer, increased output 21.1% to 323Mt in the first half and 9% to 53.8Mt in June. The capacity utilization ratio of the 66 countries reporting to worldsteel declined to 80.6% in June from 82% in May, but registered an increase of 8.3 percentage points compared to June 2009.
Hangzhou Iron & Steel Co., a major Chinese steelmaker, said Saturday its net profit in the first half of the year surged 596.33 % YoY
7/28/10 The London Metal Exchange on Wednesday merges its two regional steel futures contracts Mediterranean and Far East to create a global one, aiming to generate more business in Asia, where metals trading is on the rise.
7/8/10 (DJ) Depressed iron ore demand from Chinese steel mills has been pressuring shipping rates over the last month, with iron ore a key ingredient in steel production and the main product in dry bulk shipping. Chinese spot iron ore prices are near $US125 per tonne, a steep discount to the all-in cost of having it shipped from Australia, which is at $US155 per tonne.
3/30/10 (FT) Global miners have agreed to a record increase in iron ore prices after they signed deals to replace the 40-year-old pricing system based on annual contracts with new short-term deals linked to the spot market
3/29/10 Demand for steel around the world will rise 11 percent in 2010 as the global economy recovers, World Steel Association said.
10/22/09 U.S. steel exports rose 13.1% MoM