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Monday, 23 November 15
NEGATIVE 2016 OUTLOOK FOR WESTERN EUROPEAN STEEL - SAYS FITCH RATINGS

COALspot.com: European steel in 2016 are both negative for the sector and for issuer ratings.

This reflects our expectation that import levels, particularly from China, will remain at high in 2016. In the absence of tariffs or other similar measures imports will continue to place downward pressure on EU steel prices and producer margins.

The outlook for demand from steel-consuming sectors is, however, more promising and factors in a continuing eurozone recovery. We expect all of the key steel-consuming sectors - construction, automotive and mechanical engineering - to show increasing growth in 2016. Steel consumption overall is expected to increase 2%-2.5%, moderately higher than the 1.6%-1.8% growth expected for this year.

Engineering activity is expected to remain the weakest sub-sector but even here we expect growth approaching 1.5% in 2016. 



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Tuesday, 24 November 15
COAL PRICES SET TO REMAIN UNDER PRESSURE UNTIL 2016 DUE TO OVER SUPPLY GLUT; H1 '16 COAL SWAPS DOWN 13% M-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $5  per ton (12.05%) month over month to US$ 36.50 per ton. The s ...


Monday, 23 November 15
DRY BULK MARKET: NET FLEET GROWTH IS SLOWING DOWN, AS SHIP OWNERS ARE LOOKING FOR WAYS TO ALLEVIATING MARKET MELTDOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been in “meltdown” mode for a few weeks now, unable to find support and avoid the fall in historical lows. As s ...


Monday, 23 November 15
CS50 COAL INDEX CLOSED AT $40.27 PER TON; FELL 0.15% FROM LAST WEEK
COALspot.com: The 5700 GAR CS (i) coal index fell by US cents 3 per ton week over week on 20 November 2015. CS 57 (5700 GAR coal) index closed at U ...


Monday, 23 November 15
CFR SOUTH CHINA COAL SWAPS FALL FURTHER ON LOW DEMAND
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 6.75 (13.99%) per ton month over month. A commodity swa ...


Sunday, 22 November 15
INDONESIA TO INDIA FREIGHT RATES TO REMAIN DULL NEXT WEEK
COALspot.com: The BDI was down to historical lows closing at 498 points which is down by almost 95.77 per cent compared to 11,800 points in 2008. ...


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