Links to previous press releases are below.
US HRB Price Falls
The US domestic price for hot rolled band (HRB) dropped by $59/t in the three weeks to 14 October to the lowest level since November 2016 at $570/t, according to the latest SteelBenchmarker from...
Read MoreUS Shale Production Continues to Rise, Drilling Activity Falls
US tight oil production from the seven major shale formations is projected to rise 57K b/d m-o-m and 850K b/d y-o-y to a record of 8.97M b/d in November, according to the latest drilling productivity...
Read MoreWorldsteel Short Range Outlook
In its October Short Range Outlook, worldsteel forecasts that Chinese steel demand in 2019 will grow at a rate of 7.8% year-on-year. However, growth is expected to slow significantly in 2020,...
Read MoreThe IMF’s October 2019 Global Growth Outlook
According to the latest World Economic Outlook from the IMF, global economic growth in 2019 is forecast to slow to 3.0%, down from the projection of 3.2% in July. This would be the slowest...
Read MoreAccident at SASREF Refinery during Maintenance
An explosion occurred on Sunday at Saudi Aramco’s 305K b/d SASREF refinery, which resulted in two contractor fatalities, according to an official company announcement. The incident was caused by a gas...
Read MoreIndonesian Coal Exports
At 36.1 Mt, Indonesian coal exports rose 3.4 Mt year-on-year in August, data from Bank Indonesia show. Exports during January-August were up 24.3 Mt on the same period in 2018 at 304.8 Mt
Chinese Soyabean Imports Edge Up in September
At 8.2 Mt, Chinese soyabean imports were up 0.2 Mt year-on-year in September, preliminary customs data reveal. However, African swine fever outbreaks have con strained soyabean consumption this year, and January-September imports of 64.6 Mt underperformed the year-ago volume by 5.4 Mt.
Indonesian Minor Bulk Exports Jump in August
Combined Indonesian exports of bauxite and nickel ore rose 1.4 Mt year-on-year in August to 3.8 Mt, the highest level since January 2014, when a previous export ban on unprocessed ores took effect, according to Bank Indonesia.