As the 36th Asia-Pacific Petroleum Conference (APPEC) opens, this week’s Tracker kicks off with a look at Saudi crude oil pricing into Asia. In Europe, meanwhile, steel prices are recovering, and carbon emission allowances face a volatile period amid legislative change.
Posts tagged ‘steel’
 
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August 17, 2020 10:10 UTC 
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Recovery in two metals markets – steel and cobalt – tops S&P Global Platts editors’ pick of themes to watch this week. Plus, Middle East oil products, European gas sector summer maintenance and coal-fired generation margins. |
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August 11, 2020 10:18 UTC
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As the coronavirus crisis plays out, Clement Choo assesses the recovery in the world’s key auto production hubs, with China the exception to an otherwise weak environment. Carmakers across the globe saw initial signs of improvement in the second quarter, but the auto industry remains concerned about the prospects for a long term recovery as COVID-19 cases have continued to flare up. |
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July 8, 2020 06:45 UTC
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The coronavirus has dealt the European steel sector a heavy blow. Coming on the heels of Brexit and global trade tensions, the crisis has also highlighted the region’s overcapacity problem, raising the possibility of previous merger and divestment plans being revived. As much as 18.9 million mt of steelmaking capacity was taken offline in Europe during the market slump caused by the pandemic – more than in any other region. This comes on top of 2019’s marginal contraction in production. |
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June 25, 2020 06:39 UTC
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Over the past few challenging months, iron ore has been the standout commodity, returning to prices of $100/metric ton (delivered to China) in late May for the first time since August 2019. Demand for the key steelmaking raw material has been extremely resilient this year, supported by strong crude steel production in China, supply shortages and lower iron ore stocks at Chinese ports. China produced a record 92.27 million mt of crude steel in May, up 4.2% on the year, and June has kicked–off strongly, National Bureau of Statistics data shows. |
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June 5, 2020 12:02 UTC
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Christopher LaFemina is managing director, global metals and mining equities research at Jefferies, a global investment bank and financial services company. He talked to Diana Kinch and Paul Hickin about metals market trends as the COVID-19 crisis gradually eases, and how the industry might develop in the longer term. |
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May 14, 2020 08:21 UTC
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As some national lockdowns begin to ease, Clement Choo assesses latest indicators of the health of the global auto industry, and the performance of a key input for the sector, steel coil. Vehicle markets saw their first quarter performance take a beating, with existing weak demand pummeled by the coronavirus pandemic as countries around the world reacted by going into lockdown. |
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May 4, 2020 13:50 UTC
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I stepped on a snake the other day. It was near the woods at the back of our property, while I was gathering logs cut from a fallen tree. I’m sure the snake was frightened too, and he might be recounting now his close encounter with me to all of his reptile buddies. |
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April 27, 2020 12:58 UTC
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A look at crude oil quality across countries that have committed to cutting production, tumbling global gas prices, and trends in steelmaking raw materials all feature in this week’s pick of visuals. |
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April 6, 2020 08:56 UTC
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In this week’s pick of energy and commodity charts to watch, super tankers are in high demand to store oil while prices remain at historic lows. Plus, regional gas prices converge around all-time lows, European steel and aluminum demand plummets, and Asian gasoline markets expect little relief from oversupply. |