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Friday, 26 October 18
SEVERAL CONTRACTIONS IN GLOBAL STEEL PRODUCTION - JEFFREY LANDSBERG
CommodoreWorld Steel Association data released today shows that global crude steel production totaled approximately 151.7 million tons in September.  This is the same amount that was produced in August and is 10.3 million tons (7%) more than was reported last year for September 2017's production. The increase has been robust, but it has been Chinese steel production that has been largely accountable for the strength.  As we have discussed in previous work, China's crude steel production last month increased year-on-year by just over 9 million tons.  Globally, real weakness in steel production is being seen in many nations around the world.  This is a reflection of weakness in the global economy, Jeffrey Landsberg, Managing Director of Commodore Research & Consultancy said in his latest report.
 
He further noted that, of note is that global crude steel production outside of China totaled only 70.9 million tons last month.  This is 500,000 tons (-1%) less than was produced in August and is only 1.3 million tons (2%) more than was reported last year for September 2017's production.  This marks the smallest year-on-year growth seen since October 2016.  Of note is that several major steel-producing nations saw year-on-year declines in production including Russia, Japan, and South Korea.  A host of smaller steel producing-nations also saw year-on-year declines in crude steel production including Canada, Ukraine, Pakistan, Qatar, the United Arabic Emirates, and several nations in the European Union.  Also of note is that in the United States, crude steel production totaled approximately 7.3 million tons.  This marks year-on-year growth of 8%, which marks the largest year-on-year growth in US steel production seen this year.  As we have continued to stress, the trade war is having no negative impact on US or Chinese steel production.  


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Tuesday, 24 July 18
TANKER MARKET : IN TERMS OF TRADE, THE STEPS THAT WERE SLOWLY BEING TAKEN BY OPEC AND RUSSIA - GEORGE LAZARIDIS
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Thursday, 19 July 18
VINACOMIN PRODUCES OVER 20 MLN TONNES OF RAW COAL FROM YEAR'S START - VNA
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Wednesday, 18 July 18
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Wednesday, 18 July 18
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Thursday, 12 July 18
SUPRAMAX: INDO/CHINA COAL RV IS BEING FIXED AROUND USD 10500 BSS SINGAPORE - FEARNLEYS
Capesize Cape market continue to be extremely volatile says Fearnleys in its latst weekly report. The further noted that, last week ended wi ...


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