Sourcing & Trading Intelligence for Global Metals Markets
by TC Malhotra on May 22, 2012
Style: Industry News Category: Commodities, Ferrous Metals, Public Policy
Keywords: India, Iron Ore, JSW Steel, raw material sourcing, steel production
India’s steel manufacturer, JSW Steel Limited, has reported the highest-ever volume of production and sales for 2011-2012, including Q4 FY2012. According to a Business Standard report, the company produced 7.43 million metric tons of crude steel in FY12 and 2.07 million metric tons in Q4. Similarly, sales volume in FY12 and Q4 was 7.82 million [...]
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by Lisa Reisman on May 21, 2012
Style: Market Analysis Category: Commodities, Global Trade, Non-ferrous Metals
Keywords: China, commodity risk management, copper prices, Iron Ore, Rare Earth Metals, Zinc
Several months ago, my colleague Stuart wrote about a growing trend across several developing nations with significant mineral reserves – “ Resource Nationalism.” Its name gives itself away, but local ownership laws, royalties, windfall taxes, and super taxes suggest resource nationalism has risen in prominence, according to a 2011 Credit Agricole presentation — and with [...]
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by MetalMiner IndX Reports on May 4, 2012
Style: Industry News Category: Commodities, Ferrous Metals, Metal Prices, MetalMiner IndX
Rising one percent on the LME to close at $500 per metric ton, the 3-month price of steel billet experienced the biggest change in steel markets for May 3, 2012. The steel billet cash price saw a 0.2 percent decline on the LME to $486 per metric ton. Chinese steel prices were mixed for the [...]
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by Stuart Burns on May 3, 2012
Style: CommentaryMarket Analysis Category: Commodities, Macroeconomics, Manufacturing
Continued from Part Two. As we have seen in the past, when Beijing sets its mind in a particular direction, it generally achieves the desired result — so while the pace may slacken or rise, the general trend is clear. Where does that leave metals prices and those industries, indeed those countries, which have set [...]
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by TC Malhotra on May 2, 2012
Style: Industry News Category: Commodities, Company News, Ferrous Metals
Keywords: Coking Coal, India, Iron Ore, metallurgical coal, Sesa Goa, Vedanta
Sesa Goa, India’s largest private-sector producer and exporter of iron ore, has plans to begin exploration work sometime later this week in the Liberia’s mines for an iron ore project, reports Business Line. According to the report, in August 2011, Sesa had acquired a 51-percent stake in Western Cluster Limited, Liberia (WCL), which has mining [...]
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by Stuart Burns on May 2, 2012
Style: CommentaryMarket Analysis Category: Commodities, Global Trade, Macroeconomics
Keywords: Australia, base metals, China, Coal, Iron Ore, Steel
We and others in our industry write often about the impact on metal prices and supply as a result of rising demand in the emerging markets and, in particular, China. China has without doubt been the largest single driver of metal prices over the last ten years as the country’s phenomenal growth, much of it [...]
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by TC Malhotra on April 17, 2012
Style: Industry News Category: Anti-Dumping, Ferrous Metals, Global Trade
The trade war between India and the United States intensified further as New Delhi has approached the World Trade Organization (WTO) against the US for imposing import duties on certain Indian steel products, reports Business Line. According to a posting on the WTO’s website on April 12, India requested consultations with the US under the dispute settlement [...]
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by Stuart Burns on April 16, 2012
Style: Market Analysis Category: Ferrous Metals, Supply & Demand
Perversely, as base metal prices slide, largely on concerns that China is cooling too much and the country’s consumption of commodities could be depressed for much of this year, iron ore prices have quietly been heading in the opposite direction. A recent article in the FT states iron ore has risen 8.8 percent since the [...]
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