Steel is one of the least consolidated major global industries and despite the massive rise in Chinese steel production, not much has changed in 10 years.
Posts tagged ‘price’
 
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September 4, 2014 16:06 UTC 
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Platts often learns how its price assessments are used in contracts – mostly as a third-party benchmark between buyers and sellers in negotiations for procuring a particular commodity. But a newly discovered use has come to light – as a possible deal-killer for a major acquisition. And senior executives at Australia’s BC Iron could start to chew on their fingernails if iron ore prices weaken any further. |
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June 6, 2014 11:22 UTC
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It is a tough time for junior and developmental iron ore miners. Increased supply from the majors – Vale, Rio Tinto and BHP Billiton, which account for around 70% of the 1.2 billion mt in seaborne trade – has pushed spot prices lower towards $90/dry mt in recent weeks, and equity valuations have been depressed by fears about available tonnage outstripping demand growth. |
 
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May 1, 2014 17:51 UTC
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In another guest blog entry, Steven Kopits of Princeton Energy Advisors follows up on his previous post, examining whether the IOCs could really be headed to bankruptcy, as economist Philip Verleger suggests in a recent report. Steve can be reached at steven.kopits@prienga.com and his blog can be found at www.prienga.com/blog In my last Barrel post, I threw down the gauntlet to those casually predicting a collapse in oil prices, as such a collapse would effectively kill the oil business at the major oil companies. We will know, I wrote, that such forecasters are serious when they declare the international oil companies (IOCs) “to be the walking dead.” No less than Phil Verleger, noted macro oil analyst, promptly took up the challenge. In his weekly note (April 21st), Phil notes that “long run fundamentals may indicate bankruptcy for large oil companies.” |
 
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April 15, 2014 06:50 UTC
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Over 8% of the deaths in some parts of London may be attributable to long-term exposure to man-made particulate air pollution, according to a new study from UK government body Public Health England. The figures are highest for Kensington & Chelsea and Westminster (both at 8.3%), followed by Tower Hamlets, the local authority containing the international trading center of Canary Wharf (8.1%). In some rural parts of the UK the level is much lower, at around 2.5%. |
 
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March 24, 2014 10:45 UTC
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Platts petrochemical analysis team have joined forces with our design & production department to produce what we think is a beautifully crafted infographic on global trade flows for polyethylene. It also details surplus and deficit totals and includes key trend points, statistics and forecasts going out all the way to 2023. Remember: we’d love to read your thoughts on the impact of shale on both petrochemical and oil markets, so join in on the comments section below. |