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The steel burning question

steel

Whom will make up for the shortfall China caused? China produced 86.8 million tonnes in July 2021, down 8.4 per cent from July 2020. This also rippled some damage into iron ore sector, given it is a key ingredient in steel. Steel prices soared from the glowing shortage thanks to …

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China’s construction under severe pressure from controlled steel output

china

The Evergrande crisis is the constructor sector’s major blow One of China’s largest residential property developers had their credit ratings reduced to CC by S&P Platts and Fitch Ratings. Essentially, Evergrande is neck-deep in debts and expected to default on payments. A casualty of environmental initiatives? China’s commitment to reduce …

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Smaller vessels officially dominate dry bulk markets

Smaller vessels

  Panamax and supramax vessels clocked highest gains as at 15 September 2021 The viability of Panamax and Supramax vessels has crystalised. The Baltic Exchange’s main dry bulk sea freight index rose for a fifth straight session on Wednesday to its highest level in more than two weeks, on gains …

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