Freight Up! Fuel oil, iron ore, steel and other commodity insights from Freight Investor Services Russia / Ukraine invasion: market impact update & IS steel 'summer lull' over?
The steel industry is undergoing something of a transformation.
With the green movement propelling changes and the rising importance of scrap, stakeholders in the industry must be prepared for evolving market dynamics.
While the summer slump is expected, the underlying changes are what will define the future of steel.
In this week's episode of Freight Up, our Freight Investor Services podcast, we delve into that story, as well as getting the latest amid the political crisis in Ukraine. It's had a major ripple effect on global markets, particularly in the oil and steel markets.
But what is that impact?
Join me, Fernanda, as I chat with fellow Freight Uppers Joshua Stern, Archie Smith and Kerry Deal, and get the very latest!
Oil dynamics: Sing spreads shock (and is that some support we spot for crude?)Archie Smith and I examine the latest trends and surprising movements in the oil market.
Crude oil has shown notable support in recent times, with a rise of about 5% on the week.
The market witnessed highs surpassing $83.80 per barrel in the Brent futures.
But what's it all attributed to?
Here's the link to the FIS live app
Timestamped summary of this episode:
(00:00:54) Summer lull
(00:03:46) LME scrap contract - not much flow
(00:09:20) Oil market movements
(00:12:30) Violations of expectations and High Sulphur
(00:14:16) Kerry's freight update