News & Analysis  - Metals

Feature: Steel Raw Material Outlook

February 24, 2015
Spot seaborne iron ore prices were unchanged February 23 amid thin trading as Chinese buyers were away for Lunar New Year holiday. Some sources see little chance for a sustained recovery after the festival given weak steel prices and an ongoing supply glut.
Also in this feature
Asian met coal market remains calm after storm
Asia-Pacific metallurgical coal spot prices were steady February 23 with Chinese participants still away on holiday - and supply repercussions of tropical cyclone Marcia in northern Australia widely seen as limited.
Molybdenum oxide inches higher, drags European ferromolybdenum along
Molybdenum oxide prices firmed February 23, although trading volumes were lower than expected after the flurry of inquiries and interest seen at the end of last week.

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Podcasts

US steel scrap dealers see largest single-month price drop since 2008
February 20, 2015
The February ferrous scrap buy week in the US had an unexpectedly large price drop, and 2014 was the lowest level of US scrap exports since 2006.
Atlantic steel raw materials markets update
February 19, 2015
Platts Hector Forster provides an update on Atlantic metallurgical coal and iron ore pricing and procurement trends, along with current ferrous scrap pricing.
What's happening in China's domestic iron ore market?
February 12, 2015
Platts editors analyze the domestic iron ore market in China, and the impact of falling iron ore prices on small and medium mining operations there.
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News Headlines

LME publishes warehouse, physical delivery reform discussion paper
London (Platts)--2 Mar 2015 842 am EST/1342 GMT
The London Metal Exchange published a discussion paper Monday aimed at providing further reforms relating to its warehousing policy and physical delivery network.
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Latest Platts Videos

Coking margins narrow as crude plunge pulls down benzene, methanol prices

January 30, 2015 (5:20)

Platts editors discuss the relationship between coke, benzene, and methanol; the hedging strategies of different market players; and the market outlook for the commodities in 2015.


Price Focus

Buying appetite in the Asia Pacific metallurgical coal market was lackluster on Nov 24 despite China's central bank cutting interest rates in a bid to boost the country's sluggish economy. Sentiment was weak, with many buyers cautious about their short-term procurement requirements. Most participants indicated they were not keen on taking December-loading cargoes as inventories were still high, though interest for January cargoes appeared better.

Steel Infographic

Platts steel team tasked our design and production department to take a wealth of steel raw materials data and transform those freshly mined (sic) numbers into something visually engaging. In this post we present you with the very interesting results. Derived from a variety of company sources and our own Steel Markets Daily and Steel Raw Materials Monthly publications, we’d like to hear your thoughts on the significance of the numbers for the global steel industry.


The Barrel Blog

February 25, 2015
Filing unfair trade cases is like chemotherapy. Both remedies are intended to protect the host from a serious threat, but there are side effects that are nearly as dangerous as the cure itself.
February 12, 2015
The exodus of Chinese steel traders towards their home towns for this year’s Chinese New Year holiday has already started, a week before the traditional Spring Festival celebrations officially begin.
February 06, 2015
US steelmakers have been singing the blues so far in 2015 as prices for sheet steel, which represents half of all American steel sales, have collapsed with no turnaround in sight.
January 30, 2015
In North America, 2015 has started with a curious amalgam of steel and oil news, both involving business between the US and Canada.
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Steel, Ferrous Scrap, Ferroalloys and Noble Alloys methodologyPublished December 2014

The Steel, Ferrous Scrap, Ferroalloys and Noble Alloys guide contains the primary specifications and methodologies for Platts Steel and Ferrous Scrap global catalogue of price assessments.






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