The commodity markets were for many the determining topic in the past week. Thorsten Gerber has already given his assessment on Friday. In addition, an article from forexlive.com caught our attention. And the China Iron and Steel Industry Association (CISA) is keeping an eye on the European Carbon Border Adjustment Mechanism (CBAM).
Explosive sector: Is a pullback in commodities due?
With this headline forexlive.com introduces an exciting article on the possible further development on the commodity markets.
“One of the most explosive sectors of 2021 has been commodities. In virtually every industry and country, the cost of seemingly everything has skyrocketed, leading to runaway prices and talk of a commodity supercycle.”
Our recommended reading for this Sunday! Click here for the full article.
China: Countermeasures to the European CBAM planned?
As announced via the official WeChat account of the China Iron and Steel Industry Association (CISA) on May 19, CISA plans to study the potential impact of the upcoming European Carbon Border Adjustment Mechanism (CBAM). Also, Luo Tiejun, vice president of CISA, cautions that possible further so-called carbon border taxes need to be monitored. He also wants to know what impact trade restrictions on Chinese steel products may have in the future.
- Stainless Espresso: The attempt to take pressure off the steel kettle
- Stainless Espresso: China’s new rules on steel. Europe’s headache.
- Stainless Espresso: Is the United States already thinking ahead of Brussels?
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Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.