Industrial Insight

Oil prices set to decline in third qtr.

May 19, 2015
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What’s next for oil prices? After rallying by about 40% since their lows earlier this year, forecasts now by major banks paint a mixed picture but one that increasingly looks like a W-shaped recovery.

The average forecast in a MoneyBeat survey of 10 banks is for Brent, the global benchmark, to fall to an average of $63.35 a barrel in the third quarter of this year, down from around $66 on Tuesday. West Texas Intermediate, the U.S. marker, will average $58.40 a barrel next quarter, down from about $59 a barrel on Tuesday, according to the survey.


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Scrap prices stable at lower level

May 19, 2015
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Copper prices showing strongest recovery suggesting support for mining

May 19, 2015
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Oil prices also showing modest recovery but still at much lower level.

May 19, 2015
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Steel production showing stability at lower level

May 19, 2015
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Scrap prices stable but low.

May 12, 2015
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Copper shows continuing recovery

May 12, 2015
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Oil shows lower but stable prices

May 12, 2015
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Steel production fell showing continued slow markets.

May 12, 2015
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Stainless production

May 7, 2015
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STAINLESS PRODUCTION REACHED 41.7MIL TONS IN 2014

05 May 2015

The International Stainless Steel Forum (ISSF) has released stainless steel production figures for the entirety of 2014.

The results show that stainless steel melt shop production increased by 8.3 percent year-on-year to 41.7 million metric tons (mmt). As well, production increased in all regions, including the Americas, except for Central and Eastern Europe.

The specific results for North and South Americas were: 2, 813 tons for the entire year, which is a 14.6 percent increase compared to 2013 with 2,454 tons. The quarterly breakdown for 2014 was as follows: Q1-670, Q2-717, Q3-711, Q4-716.


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