stel Archives - IndoAsian Commodities

MySteel Global – Cold wave sweeps China, ferrous market feels the chill

Sudden drops in temperature have hit most regions of China but the cold’s impact on steel demand has varied by region, market sources say of the chill. Raw materials transportation has been disrupted too though the effect so far has been limited, they said.Steel demand in East and Central China has fallen off markedly since […]

Weekly Wrap – Optimists cheer, Cassandras sneer, reality is somewhere in between

The U.S. economy picked up momentum this month as firms shook off the effects of the pandemic-induced downturn, though recoveries in other parts of the world slowed, according to new surveys of purchasing managers. Data released on Friday suggest U.S. firms are seeing demand return as they reopen from the lockdowns imposed in the spring […]