Links to previous press releases are below.
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...
Read MoreChinese 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.
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...
Read MoreIndian 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.
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...
Read MoreLibyan 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...
Read MoreTurkish 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.
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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