News & Analysis  - Metals

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European steel mills buck the global pricing trend on a macroeconomic perfect

January 28, 2015 (5:55)

Mark Wiggett, editor for Platts Global Market Outlook, assesses key developments in the global steel and raw material markets in December and early January.


News Headlines

Physical gold demand likely positive for price in 2015: GFMS
London (Platts)--29 Jan 2015 943 am EST/1443 GMT
Underlying physical demand is starting to pick up in 2015 and will "give the market longer-term ballast" although more headwinds remain before a return to a bull market, analytical company GFMS said Thursday.
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Feature: Steel Raw Material Outlook

January 20, 2015
Standard & Poor's has downgraded its credit rating for Vale, citing weak iron ore prices at a time when the Brazilian miner is investing heavily in expanding its iron ore production capacity.
Also in this feature
East Chinese steel mills continue to cut scrap prices
Jiangsu Shagang Group cut its scrap buying price by Yuan 30/mt ($5/mt) January 24 on smooth deliveries and falling steel prices.
China's Dec high carbon ferrochrome imports slip 0.3% on year to 230,689 mt
China imported 230,689 mt of ferrochrome containing more than 4% carbon in December, down a slight 0.3% year on year.

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The Barrel Blog

January 09, 2015
The capsizing and sinking of the Bulk Jupiter, as well as the loss of all but one of the crew and marine insurers, serves as a stark reminder about the importance of following safety procedures and best practices in the handling and loading of dry bulk carriers.
January 06, 2015
If historical norms are anything to go by, then something is definitely off-kilter with oil and gold markets. Gold has stayed stubbornly high and, perversely, managed to fly in the face of just about everything else by staging an $18/oz rally on January 5.
January 02, 2015
As another year begins, the American steel industry is eyeing some changes that may require a course adjustment or two.
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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.


Podcasts

US buy week leaves ferrous scrap market with bearish price opinion for February
January 13, 2015 - US mills have finalized their January steel scrap buys, with prices reshuffling and varying across the country. Where could prices go from here?
China's removal of rebates on boron-added steel exports and the implications for Asia's steel trade
January 08, 2015 - Platts steel team talks about the move's likely implications on domestic and regional steel trade, and the reaction from steelmakers.
Can Modi revive India's steel sector plans?
December 16, 2014 - Platts editors discuss the mood among India's steelmakers and why India has been importing so much iron ore recently.
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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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