News & Analysis  - Metals

The Barrel Blog

July 02, 2015
Gay marriage: Legal. Obamacare: Affirmed. Trade Promotion Authority: Granted. To American steelmakers, these historic developments may pale in light of the industry’s own achievement.
June 17, 2015
The Western world's steelmakers have joined together to effectively tell China to back off, urging their home countries to take action against the world’s largest steelmaker.
June 12, 2015
LME warehouse queues at two locations have fallen below the 400-day level for the first time since the exchange started releasing queue data in April 2014.
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China's aluminum capacity still growing despite oversupply, weak prices
July 02, 2015
Platts editors look at why aluminum smelters in China are still expanding despite low prices and how continued expansion could affect prices in China and the rest of Asia.
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.
What's driving Asia's spot met coal price rebound?
June 25, 2015
Rebound in Asian metallurgical coal spot prices, its impact on quarterly negotiations between Japanese steel mills and large mining companies, as well as China's gradual acceptance of seaborne Australian coal.
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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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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.

News Headlines

london (Platts)--3 Jul 2015 136 pm EDT/1736 GMT
Distribution group Stemcor has agreed a deal with its lenders and investment firm Apollo Global Management that "secures" its future, it confirmed to Platts Friday.
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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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