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Steel rebar futures slipped below CNY 3,090 per ton, reaching their lowest level in four weeks as Chinese markets reopened following a week-long holiday, with the industry continuing to grapple with deteriorating steel margins. Industry data showed that only 6.9% of Chinese steelmakers were profitable by the end of September, while average daily hot metal ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.
Oil prices climbed on Thursday following reports of more attacks on commercial shipping in the Middle East, while markets also braced for supply disruptions from adverse weather along the U.S.
Oil markets have been in constant flux since the start of the US-Iran conflict, with market participants closely monitoring the situation in the Middle East Gulf (MEG).
The Energy Information Administration (EIA) has reported a significant decrease in U.S. crude oil inventories, a development that could have notable implications for the energy market and broader…
Iron ore futures dropped below CNY 700 per ton, reaching their lowest level since September 2024 as Chinese markets reopened after a week-long holiday, with weakening steel margins putting further…
China’s independent refiners are purchasing Iraqi oil after a US blockade cut off supplies from Iran, their primary source, while state-owned competitors have secured most available Russian barrels.
Oil product inventories at Fujairah in the UAE dropped 7.8% in the week ended Oct. 5 after falling 20% the previous week, according to Fujairah Oil Industry Zone data published Oct. 7.