Links to previous press releases are below.
CISA Steel Production
Daily crude steel production at China Iron and Steel Association (CISA) member mills rose 1.5% year-on-year and 0.9% from the previous ten days to 2.3 Mt in the period 21-31 May, according to the industry association. Output was the second highest in nearly a year.
Australian April Iron Ore and Coal Exports
Australia shipped 73.8 Mt of iron ore in April (wet basis), 0.7 Mt above the same month last year, according to official data. In January-April, exports were up 2.5 Mt year-on-year at 290.9 Mt.
South Korean Coal Imports
South Korean coal imports fell 0.9 Mt year-on-year to 8.5 Mt in April, however, in January-April imports were still 1.3 Mt above the preceding year at 39.5 Mt, according to McCloskey data. Shipments...Read More
OPEC+ agree to ramp up oil production targets for July-August
The OPEC+ coalition agreed on 2 June to boost their collective crude oil production quotas by 648K b/d in both July and August, bringing forward planned output increases amid ongoing Russian supply...Read More
Japan’s clean oil product exports fall to eleven-month low in April
Japan’s clean oil product exports declined by 140K b/d m-o-m to 200K b/d in April, falling for the third consecutive month to the lowest level since May 2021, according to data from the Ministry of...Read More
Turkish Steel Scrap Imports
Turkey imported 2.2 Mt of steel scrap in April, a 0.3 Mt decline year-on-year, according to customs data. Shipments from Europe fell 0.1 Mt to 1.7 Mt with lower imports from Russia and none from Ukraine, while imports from the US more than halved to 0.3 Mt.
South African Seaborne Iron Ore and Coal Exports
In April, South African seaborne coal exports fell 1.1 Mt year-on-year to 4.4 Mt, according to customs data. Shipments to Asia fell 2.8 Mt to 2.4 Mt, whereas exports to Europe reached 1.5 Mt from nearly...Read More
EU to ban seaborne imports of Russian oil
On 30 May the European Union agreed to ban seaborne imports of Russian oil after reaching a compromise to allow some shipments via pipeline to continue temporarily, according to Reuters. This embargo...Read More