News from cru A wide array of domestic and global news stories; news topics include politics/government, business, technology, religion, sports/entertainment, science/nature, and health/lifestyle.

Latest

Aug 03, 2020, 04:00 ET CRU: Gold entering unchartered waters as price surpasses 2011 record

The past few months have seen a dramatic improvement in sentiment towards gold. As the COVID-19 pandemic continues to negatively affect global...


Jul 23, 2020, 04:00 ET CRU: China aluminium scrap importers adapt to new rules

China's new standards for scrap imports cause inventory build-up. New standards for the imports of aluminium scrap into China came into effect on 1...


Jul 14, 2020, 04:00 ET CRU: How Foreign Exchange Movements Have Affected the Chrome Market

COVID-19 is having a profound impact on the mining sector, financial markets, and the global economy. The pandemic is causing major moves in foreign...


Jul 08, 2020, 04:30 ET CRU: How Russian Steelmakers Could Capitalise in a Post COVID-19 World

Russia is among the biggest steel exporters in the world, delivering to a wide range of destinations. However, steel demand in all regions diminished ...


Jul 08, 2020, 04:00 ET CRU: Global Outlook: Customers Top 10 Questions Answered

COVID-19 has changed the global landscape dramatically. Here we set out answers to the most popular 10 questions that our customers have been asking. ...


Jul 02, 2020, 09:00 ET CRU: When Should Idled Steel Capacity be Restarted - How CRU Consulting's Real Options Tools and Services Can Deliver a Commercial, Risk-assessed Decision

The Covid-19 pandemic has generated significant uncertainty in the commodities market. Steel mill operators, for example, have responded by making...


Jun 26, 2020, 04:00 ET CRU: Abidjan or Andalucía - NPK Trade Altered as OCP and PhosAgro Strategies Cross Paths

OCP and PhosAgro are two of the preeminent global phosphate producers, with varying strategies. OCP has been targeting more market share across raw...


Jun 19, 2020, 04:00 ET CRU: European Aluminium Rollers in the Eye of the Storm Caused by Another US Dumping Investigation

On 9 March 2020, the US Aluminium Association's Common Alloy Aluminium Sheet Trade Enforcement Working Group (AA working group) filed antidumping...


Jun 16, 2020, 13:09 ET First Trades of the CME's New U.S. Midwest Domestic Steel Premium Futures Contract Settled on CRU

The Chicago Mercantile Exchange's (CME's) new U.S. Midwest Domestic Steel Premium (CRU) Futures contract has commenced trading. This is settled on...


May 26, 2020, 06:31 ET CRU's Bold Calls on China Stimulus Were Right

The 22nd May marked the first day of China's 2020 National People's Congress. The overall message from this meeting was to achieve macroeconomic...


May 25, 2020, 04:00 ET CRU: Multi Commodity Outlook

Over Q1 2020, COVID-19 has developed from an emerging threat to a transformational reality with potentially long-lasting effects on economic growth....


May 21, 2020, 12:53 ET CRU: China to Announce More Than RMB 5tn of Stimulus

China will set out its major economic objectives and policy goals for 2020 at the National People's Congress. We expect fiscal stimulus of 5-8% of...


May 20, 2020, 04:00 ET CRU: Metallic Wire & Cable: Market in Turmoil Amid COVID-19 Crisis

The outbreak of COVID-19 has developed into an ongoing global pandemic, with epicentres shifting from China to Europe and North America. As the...


May 15, 2020, 04:00 ET CRU: EU Steel: Why Carbon Matters More with COVID-19

The European steel industry in crisis again? Sure enough, the industry is currently facing a perfect storm of collapsing demand, prices and high iron ...


May 13, 2020, 04:00 ET CRU: India: Lockdown Casts a Spell on Growth as Recession Looms

India is expected to enter recession following the quarantine imposed on the world's second most populous country. The recent plunge in the PMI...


May 12, 2020, 04:00 ET CRU: What do South African Restarts Mean for Chrome Ore Prices

In a previous CRU Insight, we discussed the effect that the South African lockdown, announced 26 March, would have on the chromium market. Since then ...


May 07, 2020, 07:08 ET CRU: Demystifying the U, V and L Recession Shapes

Many are still discussing what type of recession will ensue following the COVID-19 pandemic. Will it be U, V or L–shaped? Different people may refer...


May 07, 2020, 04:30 ET CRU: Five Critical Uncertainties Facing the Steel Raw Materials Market due to COVID-19

The market impacts of COVID-19 are unknown in scale, varied and staggered in time across the world. The steel raw materials markets are being...


May 07, 2020, 04:00 ET CRU: China Finally Settles New Potash Contract, but Will it Stop the Spot Market Rot

After a wait of more than 19 months, China's importing consortium finally agreed a new potash contract on April 30. Settled at $220 /t CFR with BPC,...


Apr 29, 2020, 12:05 ET CRU: HDG Futures: A Game-changing Tool for Steel Mills, Service Centres and End Users

Continued steel price volatility has led to wider adoption of CME Group's HRC futures contract. Yet due to volatility in the difference between...


Apr 29, 2020, 11:54 ET CRU Group Appoints New Chief Financial Officer

CRU is pleased to announce the appointment of William Etchell as Chief Financial Officer, based in the London headquarters. William joins CRU from...


Apr 23, 2020, 11:08 ET CRU Completes Another IOSCO Independent Assurance Audit

CRU has appointed an independent professional service company, PricewaterhouseCoopers LLP ("PwC"), to perform an independent examination of the CRU...


Apr 23, 2020, 06:37 ET CRU: Houston, We've had a Problem - US Oil Price Goes Negative

The international oil markets have been under severe pressure since the outbreak of COVID-19 with the rapid destruction of crude oil and oil product...


Apr 21, 2020, 04:00 ET CRU: China's First Ever Negative Quarterly GDP Growth

China published its GDP growth rate for the first quarter of 2020. GDP grew by -6.8% y/y in Q1 and -9.8% q/q, the first ever negative figure since...


Apr 20, 2020, 10:25 ET CRU: COVID-19 and Fertilizers: Five Things to Know

The COVID-19 pandemic has widespread implications for commodity markets, and fertilizers are no exception. The agricultural sector has been caught...