News & Analysis  - Metals

Platts Snapshot

China: Market economy or not? Many steelmakers elsewhere say no way

November 24, 2015 (4:54)

Platts' Joe Innace explains why the possibility of China being accorded market economy status is worrying other steel groups around the world.

News Headlines

Singapore (Platts)--27 Nov 2015 831 am EST/1331 GMT
Spot export trading in Chinese electrolytic manganese metal (EMM) on a FOB basis continued to be extremely thin due to the absence of buying interest, while offers generally remained though tightening supply may lend some support, market sources said Friday.
London (Platts)--27 Nov 2015 828 am EST/1328 GMT
Aluminum alloy prices began to head slightly higher this week as key first-quarter buyers entered the market for significant volumes while at the same time scrap prices look set to rise in the winter months and new year.
More Headlines

The Barrel Blog

November 18, 2015
Brazilian iron ore miner Samarco's tragic accident and environmental disaster has left a hole in the pellet market, but buyers may not be scrambling for alternatives.
November 13, 2015
China is the subject of much criticism in the steel market for its surplus production and rising exports, rightly or wrongly.
November 12, 2015
The steel industry doesn’t have much to cheer about these days. Some recent news items tell the tale, says Tom Balcerek.
All Blogs

Feature: Steel Raw Material Outlook

November 24, 2015
Spot iron ore prices fell further November 23 amid continued weakening in physical steel and derivatives markets. Platts assessed the 62% Fe Iron Ore Index at $44.75/dry mt CFR North China Monday, down 55 cents on day and approaching the historical low of $44.50/dmt CFR set on July 8.
Also in this feature
Brazilian ferrous scrap prices static on stalled buying
Spot prices of domestically traded ferrous scrap in Brazil remained stable, as the stand-off between buyers and sellers continued.
Asian metallurgical coal market steady amid quiet trade
Asian metallurgical coal prices were steady as trading in the top- and second-tier segments remained flat amid a fall in cargo availability from earlier in the month.

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.


Are the BRICs still building or crumbling?
November 26, 2015
- Our steel and iron men go beyond Charles Dickens' classic, A Tale of Two Cities, and focus their literary attention instead on a tale of two continents.
worldsteel-49 special: Chinese whispers and Chicago steel blues
October 29, 2015
- Takeaways from Chicago this month were not just about steaks and pizzas as top executives who attended the World Steel Annual Conference there had meatier concerns.
Q4 offers little hope for China's struggling steel industry
October 26, 2015
- September and October used to mean robust sales for Chinese steel, but Platts editors are seeing a rather unusual cycle.
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Steel, Ferrous Scrap, Ferroalloys and Noble Alloys methodology

Published 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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