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Prices, legislation grab the attention of US steel industry
June 30, 2015
US steel scrap and wire rod markets saw lifts recently and major trade developments from this week are being hailed by the industry as beneficial to domestic production.
Even as the mercury creeps up, bears stalk the US gas markets
June 29, 2015
Higher temperatures across much of the US has spurred more electric power demand, which in turn has given a bump to natural gas prices and producers.
Obama administration aiming high to regulate aircraft emissions
June 29, 2015
Come out of your tinfoil bunker: The Obama administration's recently announced plans to regulate commercial aircraft emissions, but any effects would likely be years in the future.
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News & Data Feature: Steel Raw Materials Outlook

June 30, 2015
The Australian government has lowered its forecast on average iron ore prices in 2015 to $54.50/mt FOB, down 10% from $60.40/mt FOB earlier, according to the Department of Industry and Science's latest quarterly update released June 30.
Also in this feature
Big fall makes noise in Turkish scrap market
Turkish scrap import prices tanked June 29 as a week-long silence gave way to talk of much lower numbers.
Atlantic met coal buyers hope for further declines
Atlantic basin met coal buyers are seeking even lower prices after the third quarter benchmark settlement at $92/mt FOB Australia amid slack demand, sources said June 29.
Moly oxide stabilizes but upside limited
Molybdenum oxide prices were broadly stable June 29 as sentiment remained marginally more optimistic after an upturn in buying interest late last week.

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News Headlines

Russia to up duty on higher sulfur gasoline; levy marine gasoil
London (Platts)--30 Jun 2015 1222 pm EDT/1622 GMT
Russia is looking to raise from next year the excise duty on gasoline lower than the Euro 5 class to encourage refineries to switch to the higher spec product with max 10 ppm sulfur content, according to proposed amendments to the tax code published on the government's website.
Iran readies ground for petchem trade as nuclear talks reach deadline
London (Platts)--30 Jun 2015 1050 am EDT/1450 GMT
Ground has been prepared to facilitate resumption of petrochemicals exports out of Iran if the country reaches a deal with global powers over its nuclear program this week, but traders do not expect Iranian products to make an impact the global petrochemicals scene for some time.
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Steel Raw Materials Monthly Video

Few positive signs for steel and iron ore at mid-year point

June 12, 2015 (5:13)

Platts editor Paul Bartholomew talks about the steel market's weakness as it continues to weigh on both iron ore demand and prices.

Price Focus

The physical 3.5 FOB Rotterdam barge market trended higher at the prompt February 27, with RMG material leaving Europe for arbitrage destinations, traders said. "The market is getting tighter for RMG...we expect stronger pricing for barges in March," one said. At the same time, supply was sufficient for cracked fuel oil, with a lot of straight run and M-100 being blended into the finished grade pool, albeit at relatively high costs, sources said.

The Barrel Blog

June 30, 2015
Earlier this month, BP's latest Statistical Review unintentionally reopened a debate into whether the US has regained the crown as the world’s top oil producer.
June 29, 2015
Nadia Rodova digs beyond the scant information about Russian oil production and gives more clues about the true state of the industry there.
June 26, 2015
The issue around the attacks on sugar in much of the world’s everyday diet is bringing further headaches to an industry that is already on the verge of a sugar head rush.
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Americas Refined Oil ProductsPublished January 2015

The Americas Refined Oil Products Guide contains the primary specifications and methodologies for Platts American Products assessments.

© 2015 Platts, McGraw Hill Financial. All rights reserved.