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SPECIALTY STEEL PRICES HIT 9-YEAR LOW

  NEGOTIATOR’S TAKE:  High-strength steel components for construction and other machinery should cost less than before.   Sluggish demand for construction materials TOKYO — Specialty steel prices have fallen to their lowest in nine years due to sluggish demand for

China to import 842 Mt of iron ore in 2014

Despite the slowdown in its steel industry, China is consolidating its position as the leading importer of iron ore and relies on Australia for half of its purchases. The Chinese steel industry will produce 799Mt of crude steel products in 2014,

Baltic dry index stable around 2,000

In spite of the delivery of new bulk carriers ordered during the shipping golden age, dry shippers bulk freight rates are rising due to Chinese iron ore purchases. The shipowners are back on the bulk carriers spot market to meet

How China’s slowdown is impacting commodities

China announced Monday that its gross domestic product growth slowed to 7.5% in the three months ended in June. Its economic growth is still strong, compared with much of the world. But recent single-digit expansion rates are a notable comedown

Natural gas prices drive CO2 emissions to 20-year low

The International Energy Agency said the U.S. has cut carbon dioxide emissions more than any other country over the last six years. Total U.S. carbon emissions from energy consumption peaked at about 6 billion metric tons in 2007. Projections for

Coal stocks at the highest level in China

In Chinese ports, coal stocks accumulate and are currently at the highest level since autumn 2008, at the beginning of the global economic crisis. In mid-June, 9.46 million tons of coal were stored, for a total capacity of Chinese ports

Steel/Scrap: Pricing Pause or Inflection Point? – UBS

Slipping scrap makes buyers skittish Global scrap prices are falling and UBS industry contacts see more weakness ahead. Scrap is often a leading steel price indicator. Even with Turkish buying and reasonable U.S. demand, they heard shred was $440/t this

Korea Line Files for Receivership as Bulk Rates Fall (Update1) – Bloomberg.com

The Baltic Dry Index, a measure of rates for vessels used to ship iron ore, coal and other commodities, fell 1.8 percent yesterday to 1,345, the lowest since Feb. 4, 2009. Korea Line Corp., South Korea’s second-largest operator of dry-bulk

RAMPANT STEEL PRICE RISES IN EU MARKET – MEPS

Although consumption has changed very little, domestic producers are attempting to lift second quarter offers because of raw material price developments and energy cost increases. Outlay on iron ore is forecast to rise and coking coal shipments from Australia are

World Average Carbon Steel Price forecast to rise significantly – MEPS

World Average Carbon Steel Price is forecast to exceed $US 1000 per tonne in the third quarter, according to preliminary analysis by the company. This figure compares with an annual average in 2010 of $US 733 per tonne and an