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Links to previous press releases are below.

News Steel

US, Japan Steel Trade Deal

The US and Japan have announced a deal to remove US import tariffs from about 1.3 Mt of Japanese steel imports annually newswires report. Due to take effect on 1 April, the agreement follows a similar...

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News Iron Ore

Chinese Iron Ore Stockpiles Increase

Stockpiles of iron ore at Chinese ports rose by 3.3 Mt from 28 January to 156.9 Mt on 7 February, according to data from 42 portside locations monitored by Umetal. The highest level since June 2018.

News Steel

South Korean Steel Trade

South Korean steel exports edged higher year-on-year in December to 2.4 Mt, according to the Korean Steel Association. Despite this, the annual total for 2021 exports was 1.8 Mt below the previous year...

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News Steel

Indian Steel Production

Indian crude steel production increased by 0.3% year-on-year to 10.3 Mt in January 2022, according to provisional Steel Ministry data. January finished steel exports rose from 0.5 Mt to 0.8 Mt on the year.

News Oil

Indonesia’s gasoline imports fall in December

Indonesia’s gasoline imports declined by 64K b/d m-o-m to 400K b/d in December, easing after reaching the highest level since December 2016 in November, according to the government statistics agency...

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News Oil

Libyan oil output falls by 100K b/d

Libyan oil production has recently fallen by 100K b/d after bad weather led to a number of port closures, according to Reuters reporting on a statement from the National Oil Corporation (NOC). A lack...

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News Steel

Turkish Steel Scrap Import Monthly High

At 2.5 Mt, Turkish steel scrap imports for December 2021 were the highest month on record, 0.2 Mt above the year-ago level, according to Turkish customs data. This contributed to growth of 2.5 Mt in annual imports in 2021 to 25.0 Mt.

News Oil

Venezuela’s oil exports fall to four-month low

Venezuela’s oil exports declined by 213K b/d (or 34%) m-o-m to 416K b/d in January, the lowest level since September, according to Reuters reporting on data from Refinitiv Eikon and Petróleos de Venezuela...

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