Insight Blog

The essential perspective on global commodities


Insight conversation: Alejandro Wagner, Alacero

Latin America's steel industry produced approximately 58 million mt of crude steel in 2023, representing only 3% of global steel production. The industry in the region is currently challenged by stagnant local demand resulting from high interest rates, limited investments, slow economic growth, declining industrial production and heightened pressure from increased imports. In Brazil, for example, steel imports rose to take up almost 20% of the market in 2023

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12 Jun 2024

RGGI prices jump 31% in first 2024 auction without cost containment reserves

Our editors and analysts bring you the biggest stories from the industry this week, from renewables to storage to carbon prices. Carbon allowance prices in the Regional Greenhouse Gas Initiative's latest Auction 64 rose to $21.03/mt , the highest clearing price in the program's history by far, according to a June 7 report. RGGI's Auction 64 represented a 31% increase in clearing price quarter on quarter, beating Auction 63's record-high clearing price of $16/mt. A total of 16

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Commodity Tracker: 5 charts to watch this week

The carbon offset market received its first tranche of high integrity credits tagged with the Core Carbon Principles stamp. In China, fuel oil imports are expected to decline due to rising prices, making imported crude oil more competitive for Shandong's independent refineries. Thermal coal imports to Turkey are also experiencing a decline due to falling demand. 1

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