Discover and read the best of Twitter Threads about #steel

Most recents (24)

1/12 Our government, since when @PMOIndia @narendramodi took office, is
devoted to the welfare of the poor.We’ve taken a number of steps to help the poor and middle class. As a result, the average inflation during our tenure has remained lower than during previous governments.
2/12 Today, the world is passing through difficult times. Even as the world is recovering from Covid-19 pandemic, the Ukraine conflict has brought in supply chain problems and shortages of various goods. This is resulting in inflation & economic distress in a lot of countries.
3/12 Even during the pandemic, our government set a paradigm of welfare, especially with PM Garib Kalyan Anna Yojana. This is now acknowledged and appreciated the world over. #PMGKAY
Read 12 tweets
US HRC #steel forward curve has been correcting for about a month, but near term prices (highlighted in white) showing more resilience than further out.

Got to keep in mind that with tariffs still in place there's a floor price here...possible it has four digits.
Not sure if an analogous dynamic could play out in prime #scrap too...busheling forward curve 1st contract flattening but out months continue to decline.
Coking #coal beginning to inflect lower, not terribly dissimilar to the trend we saw in #steel two tweets ago.
Read 4 tweets
This week’s #IPCCReport reiterated that there’s simply no room for new #fossilfuel infrastructure if we’re to keep warming below 1.5C. New guidance by #China's state planner sheds light on 🇨🇳 pledge to stop building #coal projects overseas🧵
@oykusenlen @leonickroberts @byfordt
Latest data suggests countries outside 🇨🇳 are considering over 124GW new #coal power projects,much of which was expected to rely on 🇨🇳 public finance. Since Xi’s announcement at #UNGA 2021, the lack of clarity or follow-up has created some confusion bit.ly/3uYf0TA
New guidance by #China’s state planner #NDRC has now shed some light on what it would look like for China to ‘stop further construction’ of coal power plants overseas. There are 3 parts to this new guidance 👇 bit.ly/3jfPp32
Read 11 tweets
As commented two days ago, Russia is running out of missiles.
China is demanding #steel in volumes like a "war mode". Considering that the Real Estate is collapsing, the only explanation is military.

#Russia #Rusia #Russie #Ucraina #Ucrania #UkraineRussiaWar #UkraineUnderAttaсk #UcraniaBajoAtaque

Read 7 tweets
Dalian iron ore futures gain 4.7% in night session, coking coal futures up 2.9%, coke futures up 2.3%.
#coal #CoalTwitter #ironore #iron
SHFE nickel, steel rebar, hot rolled coils futures rise more than 2%. #nickel #steel
Shanghai INE crude oil futures rise 1.9%, low sulfur fuel oil futures rise 2.1%. #OOTT
Read 4 tweets
The Ukraine war is a nightmare for the people in the country and far beyond. It will also have major ripple effects on global decarbonization. A 🧵 on the implications on global steel decarbonization... 1/
Both 🇺🇦 and 🇷🇺 are major steel producers producing 21Mt and 76Mt respectively. Together this is ~5% of global steel production according to @worldsteel
worldsteel.org/steel-by-topic… 2/
But even if those capacities would be completely withdrawn from the market this would only leave a dent in global overcapacity which was at 625Mt in 2020 according to OECD. oecd.org/industry/ind/l… 3/
Read 12 tweets
Warum
#UkraineKonflikt ?

For those who ask:
“Why does Ukraine matter? “

How the nation of #Ukraine ranks:

1st in #Europe in proven recoverable reserves of #uranium ores;

2nd place in Europe and 10th place in the world in terms of #titanium ore reserves;

1/1 Image
2nd place in the world in terms of explored reserves of #manganese ores (2.3 billion tons, or 12% of the world's reserves);

2nd largest iron ore reserves in the world (30 billion tons);

2nd place in Europe in terms of #mercury ore reserves;

1/2
3rd place in Europe (13th place in the world) in shale #gas reserves
(22 trillion cubic meters)

4th in the world by the total value of natural resources;
7th place in the world in #coal reserves
(33.9 billion tons)

1/3
Read 11 tweets
Why #Ukraine 🇺🇦 matters to #EU, #US, #UK, #Canada, the world thread 🧵↓

© Olena Karpenko Image
This is #Ukraine 🇺🇦 pictured on top of a map of #Europe. It's the biggest European country, bigger than France. Donbass' territories occupied by Russia are as big as Switzerland.

What is happening now is not a small local conflict, but a hazard for the whole world.

🧵↓
Why does #Ukraine 🇺🇦 matter?

✅ 1ˢᵗ in Europe in proven recoverable reserves of uranium ores;
✅ 2ⁿᵈ place in Europe and 10th place in the world in terms of titanium ore reserves;

🧵↓
Read 15 tweets
The most-traded #ironore contract fell below 600 yuan per ton, down 5.65%, for the first time since May 2020.
SGX #ironore index futures due December fells more than 3%.
#China #future Image
The most-traded #ironore contract extended its decline to 8.04% at 577.5 yuan/ton. Image
The most-traded #ironore contract in #China dives to the limit down.
SGX #ironore future plunges 7%.
Iron ore stockpiles in 7 major ports from Australia and Brazil recorded 12.92 mln tons from Oct.25-31, rosed by 0.33 mln tons w/w, slightly above 2021 average, data shows. Image
Read 5 tweets
Well, breaking news will now keep coming every day ahead of #COP26 but this one could have MASSIVE implications for global energy markets & #fossilfuel demand: #China announces first details of its carbon neutrality framework aiming at #netzero by 2060 1/5 gov.cn/zhengce/2021-1…
The document introduces several consumption "peaks": peak #coal by 2025, peak #oil during the 15th 5-yr plan (2026-2030). Food for thought for #China's largest oil suppliers #SaudiArabia, #Russia, #Iraq, #Angola, #Brazil; and coal suppliers #Russia, #Indonesia, #Australia. 2/5
Energy #efficiency is one of the highest priorities. 2025 target is to reduce energy intensity of GDP by 13.5% compared to 2020 (note, the baseline is the COVID year)! New standards and certification to be introduced for #steel & other energy-intensive industries. 3/5
Read 5 tweets
Afgelopen jaar of 2 heeft 't Afbrokkelende #Evil #Empire de Bouw van de #Russische #NordStream2 #Gaspijpleiding door de Oostzee naar Europa (Duitsland) gesaboteerd & gefrustreerd.

#Glastuinbouw komt met #Crisisteam vanwege #Hoge #Aardgas #Pijzen:
nos.nl/l/t/2400601 via @NOS
't Begon met #Caesar #Trump, die de Russisch Nordstream2 Pijplijn wilde blokkeren omdat hij duur Schaliegas aan Europa wilde slijten, per schip vanuit de VS naar Europa.

Opnieuw sterke stijging gasprijs, nu al 8 keer zo hoog als 'n jaar geleden:

nos.nl/l/t/2400511 via @NOS
Maar #Rusland wil de #Contracten met #Oekraïne voor #Gasdoorvoer niet langer verlengen, omdat die al een paar maal Russisch gas #Zelf gingen gebruiken in plaats van naar de EU door te sturen.

Bedrijven in de knel door extreem hoge energieprijs:

nos.nl/l/t/2400080 via @NOS
Read 9 tweets
How is China’s recent export performance? #PMI for new export orders has been declining since May, but total #exports have maintained a fast growth, especially in the last two months, setting new record highs for the same period. Such divergence could be confusing. 1/5
In a recent article, CF40 research associate and deputy director of the Research Department ZHU He says China’s surprisingly strong #exports after July come more from increased cost than demand. 2/5 mp.weixin.qq.com/s/lUuGDhKrSnDr…
ZHU He analyses the #export growth rate of 6512 categories of products over the past six months by splitting the two dimensions of volume and price. The result shows that 15 percentage points of the 25% export growth rate in August actually came from product #price hikes. 3/5
Read 5 tweets
#China's most active manganese-silicon futures contract and ferrosilicon futures contract in Zhengzhou open 8% higher and hit the limit-up.
#Ferro #silicon
Iron ore futures in Dalian drop 3%, still on the downtrend.
Rubber and asphalt also drop 2.7%.
Live hogs down 4.5%.
#Iron #ironore #steel
Coke and coking #coal futures in Dalian DCE extend gain to 4%, thermal coal in CZCE gains 6.13%.
The coal shortage problem in China is yet to be solved.

#Tin futures in Shanghai up 3%.
Read 9 tweets
Coking coal futures rise more than 4% in Dalian, while stainless steel and hot-rolled coil contracts in Shanghai up 2.5%.
#China #futures #steel #coal
China's most-traded iron ore futures fall over 3.5% in the morning trade.
#China #ironore #commodities #futures
Iron ore futures extend loss to 5%, back to 1066 yuan per ton, the lowest since May 31.
The steel capacity limitation set by the industrial department still has negative impacts on the iron ore demand.
#Iron #Ironore #steel
Read 8 tweets
Here we are ! Finally, after 18 months of big talks and long-term objectives about #EUGreenDeal, @EU_Commission releases its mammoth package #FitFor55 #FF55.
Here is my key take-aways: the good, the bad, the ugly. #Thread 👇
Good 1: that’s a massive policy push to transform #EUGreenDeal promises into concrete actions to change our ways of life. @FransTimmermans recognises this will be “bloody hard”, but righly underlines that our future depends on it.
Good 2: Creation of the Social Climate Fund that we @DelorsInstitute have been calling for years. This Fund should start as of 2025 with EU budget, and could invest up to 70Bn€ from 2025 to 2032 to finance national plans to ensure social justice in the transition. #EnergyPoverty
Read 12 tweets
🧵Hilo de IRON FINANCE
1. Iron Finance es una plataforma que corre en BSC y Polygon aunque en Polygon tiene muchisimo mas TVL (746 M vs 18 M). Me voy a centrar en Polygon aunque la de BSC es igual, solo cambia el token #TITAN por #STEEL Image
2. Tiene dos tokens. TITAN y IRON.
IRON es la stable del protocolo y es una stable PARCIALMENTE COLATELARIZADA a diferencia de otras stable que son colateralizadas o algorítmicas.
En IRON la garantía esta constituida por 2 tokens: USDC y TITAN
3. Para crear (mintear) IRON se puede hacer dejando como colateral solamente USDC o USDC y TITAN. Si se usa USDC y TITAN la proporción de cada una esta dada por el "Target Collateral Ratio" (TCR) (hoy esta en 25% TITAN - 75% USDC) Image
Read 12 tweets
International Affairs /1-1
#Myanmar #Burma 🇲🇲
Myanmar's Generals
Run A Nearly Sanction-Proof
BUSINESS EMPIRE
Long Before Seizing Control
Of The Streets
by @oanhha @jwf825
& Khine Lin Kyaw
MAY 11, 2021
["bloomberg.com/graphics/2021-…"]
en.m.wikipedia.org/wiki/Myanmar
International Affairs /1-2
#Myanmar #Burma 🇲🇲
- Area : 676.5K km²
- Population : 53.6 M
- Capital : #Naypyidaw
largest city : #Yangon
ETHNICS
- #Bamar 68%
- #Shan 9%
RELIGIONS
- #Buddhism 88%
- #Christianity 6.2%
- #Islam 4.3%
OFFICIAL LANGUAGE
#Burmese
en.wikipedia.org/wiki/Myanmar Image
International Affairs /1-3
#Myanmar #Burma 🇲🇲
ECONOMY
- GDP (PPP) : US$355 B
Per capita : US$6.7 K
- #InformalEconomy :
one of the biggest in the world
- Rich in precious stones :
#Rubies 90% of world's
#Sapphires #Pearls #Jade
- #Tourism
- #Agriculture
en.wikipedia.org/wiki/Myanmar Image
Read 50 tweets
#Climate needs #electrification AND #hydrogen.
Both compete for #renewableelectricity, policy and infrastructure support. Policy makers have to take decisions, secure expectations, avoid further fossil lock-in
Our paper offers guidance.
@NatureClimate
rdcu.be/cj6zc

1/8
2/8
#efuels(right) replace fossils without the end-use transformation required by (direct) #electrification(left)
This promises to make combustion technologies and fossil infrastructure part of the climate solution;
yet, shifting the burden to the supply side has limitations…
3/8
#Efuels require 2 – 14 times more (renewable) electricity than a direct #electrification (e.g. electric cars are five times more efficient)
Remember, (growing) renewable power capacity is far from fully meeting only today’s electricity demand.
(no regret: #renewableexpansion)
Read 9 tweets
#BREAKING
⭐CHINA SETS 2021 GDP GROWTH TARGET AT ABOVE 6%, AIMS TO ADD MORE THAN 11M URBAN JOBS IN 2021.
#China #NPC #两会 #Twosessions
CHINA TARGETS SURVEYED JOBLESS RATE AT 5.5% IN 2021, TARGET 2021 CPI GROWTH AT ABOUT 3%.
REITERATES MONETARY POLICY TO BE PRUDENT
#China #unemployment #CPI #twosessions2021
🇨🇳
CHINA PLANS 2021 BUDGET DEFICIT AT 3.2% OF GDP VS 3.6% A YEAR AGO.
#GDP #DEFICIT #China #NPC🇨🇳
Read 21 tweets
Recap in progress... #FinanceMinister

There is strong recovery in economy
Covid cases, fatality rate easing
Stock market capitalization at record high
Forex reserves at $560 bn
Energy consumption see 12% growth in Oct

Note: Only English notes will be provided, no translation😎
GST collections good, Bank credit improves by 5.1%, FDI inflows see 13% rise.
RBI predicts the possibility of a strong recovery by Q3, 1 quarter ahead of expectations.

Moody's revises India GDP forecast for:

CY20 to -8.9% from -9.6% earlier.
CY21 to 8.6% from 8.1% earlier.
Progress of announcements made during #AtmaNirbharBharat 1.0, 2.0

Recap on important ones only😀
- Inter-state portability of ration card achieved, covering 68.6 cr beneficiaries, across 28 states
- 1.5 cr monthly transactions on intra-state portable ration cards
Img: CNBC TV18
Read 20 tweets
#AparIndustries
#Apar Industries is one among the best established companies in India, operating in the diverse fields of #electrical and #metallurgical #engineering.
@Raunak_Bits @Sachsharma12 @srslysaurabh @Agarwal_Ishu @Random_Gyan @drprashantmish6
Raw materials:
Crude #oil & #Steel
There are 3 segments: #Conductors, Transformer and speciality #oils & Power/Telecom #Cable. The revenue breakup is in the screenshot attached
Domestic revenues decline 52% YoY with lockdown in April, lower scale of operations in May-June; #Exports up 11% YoY. Management focus is on improving revenue generation from high value products. Long time consolidation in financial parameters
Read 15 tweets
#MythsAndFactsSuicide
Strong minds do not exist. Mind is largely made of #neurons and not #Steel. Each one of us can suffer from sadness,fear or depression and attempt suicide though some are more vulnerable. Suicide is due to a state of mind that needs to be treated."
#MythSuicide Those who talk about attempting suicide are less likely to act  

#FactSuicide: People who threaten are more prone to attempt than those who do not. Hence do not challenge those who threaten to attempt
#MythSuicide: Suicidal attempts in families will dissuade relatives from doing the same when in emotional turmoil  

#FactSuicide: Suicidal behavior can be seen in families across generations as Depression can run in families
Read 18 tweets

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