The scintillating pace of US corn exports has been the hallmark of the 2020-21 marketing year, but as the year winds up and thoughts turn to the new marketing year, the country’s export outlook lacks clarity.
Traditional relationships between prime steel scrap and lower-grade material in key Asian markets have shattered over recent months, market sources told Fastmarkets in early September 2021.
Understanding the events of 2008 versus 2020 as experienced across the leading steel-producing regions
All the world’s major coking coal importers reduced their purchases in 2020 amid steel production cuts and lockdowns caused by the Covid-19 pandemic.
Steel scrap prices in the key global markets moved down over the week to Friday August 6 with demand for material remaining tepid.
Spot prices for imported containerized ferrous scrap in Taiwan started rebounding in the week to Friday August 13 due to increasing seller reluctance to offer lower prices given the widening price gap with bulk cargoes, market sources told Fastmarkets.
The latest forecasts from Fastmarkets’ team of analysts is ready to view.
The union at Escondida and BHP, the Chilean copper mine’s majority shareholder and operator, have agreed to extend wage negotiations until Friday August 13, so a deal can be signed and a strike averted.
Steel scrap buyers in Vietnam sought out deep-sea bulk cargoes from the United States and Australia in the week to Friday June 25 amid high offers for Japanese material, sources told Fastmarkets.
China bucked the trend among major iron ore importers by continuing to increase its purchases of the steelmaking raw material from abroad in 2020.