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Welcoming 2018 - Leaving Behind Astounding 2017

Steel News - Published on Tue, 02 Jan 2018

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Another year of success and happiness is over, however as every New Year brings greater challenges and obstacles in life, we wish you courage, hope and faith to overcome all of the hurdles you may face. May you have a great year and a wonderful time ahead…May the New Year bring your way plethora of opportunities that allow you to weave success stories.; Wish You a Great, Prosperous, Blissful, Healthy, Bright, Delightful, Energetic and Extremely Happy, HAPPY NEW YEAR 2018. God bless you.

Thanks for Your Continued Support…..

After astounding 2016, 2017 proved to be yet another record breaking year with continued recovery in prices of most commodities as the global economic activity and manufacturing strengthened further.

Global stock markets have roared ahead in 2017, with the MSCI index of bourses in 47 countries up by 22%

China managed to maintain its rate of expansion, dispelling fears over a potential sharp slowdown as it matures after decades of rapid growth

Eurozone staged a recovery after years of uncertainty. Amid a more stable political backdrop, growth has roared ahead in most nations in EU .

The Baltic Dry index is used as a proxy for global growth because it measures dry freight costs for commodities such as coal, rice and wheat. When there is a jump in demand for shipping these products, it signals expansion for the world economy. This year it has risen to its highest levels in four years amid a recovery in global trade.

Other barometers for growth, such as surveys of business activity from firms’ purchasing managers, have shown appetite for goods and services in rude health across developed economies in recent months.

The global oil price has recovered sharply in 2017, benefiting from increasing demand from factories around the world, particularly in China, amid a boom in economic activity.

Thus, almost everyone, associated with steel, metals and mining sectors globally, was pleasantly surprised with the continued recovery witnessed in 2017 and would wish continuance of such stupendous trends in 2018. But we live in an age of uncertainty and saying by Isaac Newton “What goes up must come down” could prove to be correct. Thus it would be prudent to understand the reasons for recovery in various commodities in 2017 and what lies ahead in 2018. Let’s look at how various commodities have behaved in general during 2017 and what is the consensus among experts about the likely trends in 2018. As our analysis is quite voluminous, Energy; Raw Materials; Semis & Finished Steel; Crude Steel Production Estimates; China; India; Base Metals and Shipping, please send a mail to for a sample as these reports are dveloped for subscribers of SteelGuru’s Market Intelligence Services

However, the overview for various commodities is given below

Happy New Year….

Best Regards

SteelGuru Team

Crude Oil36.956.854%66.317%80%
Natural Gas2.63.742%3.0-20%14%
Steam Coal528869%10519%102%

Crude Oil, Brent, USD/BBL
Natural Gas, Henry Hub , USD/mmBTU
Steam Coal, NEX, USD/T FOB Australia

Raw Materials
Iron Ore418198%73-10%78%
Coking Coal77232201%25912%236%
Met Coke123260111%33529%172%

Iron Ore Australia, Fines 62.5%, USD/T CFR China
Coking Coal, Prime Hard, USD/T FOB Australia
Met Coke, >62 CSR, USD/T FOB China
US Scrap, HMS 80:20, USD/T CFR Turkey

Semis & Finished Steel
Billets-Black Sea25841059%52027%102%
Rebar-Black Sea28041548%56035%100%
HR-Black Sea25549092%56014%120%


Base Metals

Copper, LME Cash Buyer, UST/T
Aluminium, LME Cash Buyer, UST/T
Zinc, LME Cash Buyer, UST/T
Nickel, LME Cash Buyer, UST/T
Tin, LME Cash Buyer, UST/T

Shipping Indices

BDI - Baltic Dry Index
BCI - Baltic Capesize Index
BPI - Baltic Panamx Index
BSI - Baltic Supramax Index

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Posted By : Nanda Koijam on Tue, 02 Jan 2018
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