Links to previous press releases are below.
Turkish Steel Scrap Imports
At 1.2 Mt in February, Turkish steel scrap imports fell to the lowest level since May 2020, customs data show. Total imports were down 0.7 Mt year-on-year, including a 0.4 Mt fall from Europe and 0.2 Mt fall in shipments from North America.
China’s March Manufacturing PMI
At 51.9 in March, China’s manufacturing Purchasing Managers’ Index (PMI) remained above the 50 mark that separates expansion from contraction for the third month, according to the country’s National...Read More
Japan’s clean oil product imports fall to eight-month low
Japan’s clean oil product imports declined by 80K b/d m-o-m and 25K b/d y-o-y to 499K b/d in February, the lowest level since June, according to data from the Ministry of Economy Trade and Industry...Read More
US and European HRB Prices Increase
The US and European hot rolled band (HRB) steel prices reached a respective $1,249/t and $915/t on 27 March, both reaching the highest level since June 2022, according to World Steel Dynamics. The US...Read More
Thailand’s crude imports rise to eleven-month high in February
Thailand’s crude oil imports increased by 20K b/d m-o-m and 140K b/d y-o-y to 1.11M b/d in February, rising for the fourth consecutive month to the highest level since last March, according to customs...Read More
US refinery throughput reaches three-month high
US refinery throughput increased by 440K b/d w-o-w to a three-month high of 15.81M b/d during the week ending 24 March, with refinery utilisation rising by 1.7% w-o-w to 90.3%, according to the latest...Read More
EU Steel Trade
EU steel exports fell to more than a fifteen-year low of 1.1 Mt in January, down 0.4 Mt year-on-year, Eurofer data show. However, despite declining 2.0 Mt from last year’s high level, EU steel imports...Read More
Chinese Iron Ore Port Stockpiles
Port stockpiles of iron ore fell for the fourth consecutive week to 135.6 Mt on 24 March, down 0.6 Mt week-on-week and 20.1 Mt below the year-ago level, according to 42 portside locations monitored by Umetal. However, stockpiles are 4.6 Mt above the same period in 2021.