Metals Data Response China and India Gold Imports (May) Imports of gold into China and India in May were little changed from the previous month and continue to paint a grim picture for physical demand in the world’s top gold importing nations. We expect... 25th June 2020 · 2 mins read
Metals Data Response Global Steel Production (May) In a pattern that has become all too familiar, steel output grew in May in China but fell sharply elsewhere. We expect steel output both in and outside China to pick up in the months ahead, but not by... 22nd June 2020 · 2 mins read
Metals Data Response Global Aluminium Production (May) Global aluminium output growth picked up a little pace in May. With demand in China now increasing quicker than we had previously expected, it is likely that Chinese aluminium output will continue to... 22nd June 2020 · 2 mins read
Metals Data Response China and India Gold Imports (Apr.) The latest data couldn’t be clearer: gold demand in the top two importing nations all but vanished in April. Imports should rise in the months ahead but will remain low by past standards. In any case... 26th May 2020 · 2 mins read
Metals Data Response Global Steel Production (Apr.) The latest data add to the evidence of a growing divergence in the trend in steel output between China and the rest of the world. And as infrastructure spending in China is stepped up over the coming... 22nd May 2020 · 2 mins read
Metals Data Response Global Aluminium Production (Apr.) Global aluminium output growth slowed further in April. However, with demand in China now picking up as its economy emerges from lockdown, the possibility of substantial output declines there appears... 20th May 2020 · 2 mins read
Metals Data Response China and India Gold Imports (Mar.) Imports of gold into China and India continued to contract at a double-digit pace in March. But the plunge in physical demand has had little impact on the gold price, as it has been outweighed by... 27th April 2020 · 2 mins read
Metals Data Response Global Steel Production (Mar.) Global steel output declined in March in year-on-year terms. And all the signs suggest that worse is yet to come. As we had previously argued, the first global contraction in steel production for five... 22nd April 2020 · 2 mins read
Metals Data Response Global Aluminium Production (Mar.) Aluminium output growth slowed last month. But with demand for aluminium collapsing, nothing short of a huge contraction in output will do enough to prevent stocks from piling up. Such a fall in... 20th April 2020 · 2 mins read
Metals Data Response Global Steel Production (Feb.) Global steel output was reasonably resilient in February. But that follows substantial downward revisions to the January figures. And while policy support – particularly in China – may boost steel... 23rd March 2020 · 2 mins read
Metals Data Response Global Aluminium Production (Feb.) Despite alarm bells ringing for global aluminium demand, output growth continued to gather pace in February. This will only have added to the piles of unwanted inventory and is another reason to... 20th March 2020 · 2 mins read
Metals Data Response Global Steel Production (Jan.) China continued to prop up global steel production growth in January, though output growth in the US and Japan also improved. However, January’s data fail to fully reflect the impact of measures to... 25th February 2020 · 2 mins read
Metals Data Response Global Aluminium Production (Jan.) After falling for the first time in a decade in 2019, global aluminium production started 2020 on a better footing. In contrast to other metals, we don’t think coronavirus containment measures will... 20th February 2020 · 2 mins read
Metals Data Response Global Steel Production (Dec.) China continued to diverge from the rest of the world in December, with steel output rising sharply. In contrast, other major producers continue to feel the pain of weak demand and oversupply. However... 27th January 2020 · 2 mins read
Metals Data Response Global Aluminium Production (Dec.) Global aluminium production for December rounded off a dismal 2019, but we think the prospects for output in 2020 are a bit brighter. The main positive contributions are likely to come from China, the... 20th January 2020 · 2 mins read
Metals Data Response Global Steel Production (Nov.) Global steel output dropped in m/m terms in November, led by China. We think that global production will remain weak in the coming months due to softer demand growth and pre-announced output cuts. 20th December 2019 · 2 mins read
