China’s absence from the U.S. soybean market has put tremendous pressure on both soybean growers and Chicago-traded soybean futures over the last several months. But the United States’ new trade pact with Mexico and Canada may offer some hope for a similar outcome with major U.S. trade partner...
https://www.hellenicshippingnews.com/will-u-s-china-trade-war-end-up-worthwhile-for-u-s-soybeans/
Coal’s push to $100 a ton in Europe may benefit the greenest energy providers more than it does for miners. Companies that provide alternatives ranging from renewable power plants to natural gas turbines are expecting a lift after the commodity reached a five-year high. Far from spurring a revival...
https://www.hellenicshippingnews.com/coal-reaching-100-a-ton-in-europe-boosts-greener-alternatives/
Prime scrap moved up $20/lt and obsolete scrap moved up $10/lt in early trading around Detroit on Wednesday, while a bid/offer gap between steel mills and their ferrous scrap suppliers kept things at a standstill in most other regions. Aggressive demand for prime scrap by one major mill group...
https://www.hellenicshippingnews.com/steel-scrap-moves-up-10-20-lt-in-early-us-october-trading/
Vale SA, flush with cash from its booming iron-ore sales to China, is expected to approve a $1 billion expansion of a Brazilian copper mine later this month, according to a person with knowledge of the matter. Building out the Salobo mine — known as the Salobo 3 project — would likely take about...
https://www.hellenicshippingnews.com/vale-is-close-to-approving-1-billion-copper-expansion/
A new Australian government report predicting China’s steel production will peak this year and start to decline over the next two years is at odds with expectations in the mainland that output will actually increase because of the government’s renewed focus on infrastructure investments to...
The MEPS predicts that EU stainless steel prices will continue to decline, in the short term. Flat product transaction values fell, in September, mainly due to decreases in alloy surcharges. Reductions in alloy surcharges have been announced, for October, and further cuts are expected in November....
https://www.hellenicshippingnews.com/eu-stainless-steel-prices-forecast-to-decline/
The introduction, by the United States government, of quotas and tariffs, arising from their Section 232 investigations, reduced the flow of imported stainless steel into the country. Moreover, it enabled domestic producers to steadily lift their prices. As alloy surcharges rose, US mills also...
https://www.hellenicshippingnews.com/global-stainless-steel-trade-plagued-by-quotas/
South Africa’s Eskom Holdings SOC Ltd. is still running low on fuel at more than half of its power stations and expects to finish supply contracts in October that will replenish the stockpiles. There are 10 of Eskom’s 15 baseload stations throughout the country that have less than three weeks of...
https://www.hellenicshippingnews.com/s-africas-eskom-expects-new-coal-contracts-to-recover-supply/
Stocks of hot rolled, cold rolled and coated coils held by Japanese steel producers, distributors and coil centers rose 4.4% month on month to 4.29 million mt at end August, Nippon Steel & Sumitomo Metal Corp data showed. A Tokyo-based distributor Tuesday attributed the increase to holidays and...
https://www.hellenicshippingnews.com/japans-august-flat-steel-stocks-rise-4-on-month-to-4-29-mil-mt/
Doctor Copper is at it again, signaling upside for mining stocks, according to some analysts. This, despite it being largely overlooked by investors, and even feared by others stewing over the implications of the trade spat between the U.S. and China. The Basic Resources sector in Europe is trading...