Links to previous press releases are below.
Increase in Chinese Iron Ore Stockpiles
Stockpiles of iron ore at Chinese ports rose by 5.1 Mt to 158.7 Mt in the two week to 11 February, the highest total since June 2018, according to data from 42 portside locations monitored by Umetal.
The Energy Information Administration (EIA) forecast total US shale oil production to rise 109K b/d m-o-m and 808K b/d y-o-y to 8.7M b/d in March, according to their Drilling Productivity Report. This...Read More
Chinese Steel Rebar Up
The Chinese domestic steel rebar price climbed to $656/t on 11 February, a three-month high, according to World Steel Dynamics data. Prices pulled back slightly to $651/t by 14 February, although they are still $92/t higher year-on-year.