Pranay Shukla, Head of Global Energy Dry Bulk Shipping and Commodities Research at S&P Global, stated that steel mill profit margins are expected to remain weak or even in loss until the end of 2026. Although iron ore prices have fallen below $100 per tonne, this is still not enough to offset the cost pressures caused by tight coking coal supply.

Samsung Electronics and SK Hynix plan to increase their supply of 8-layer HBM4 memory to NVIDIA in the second half of this year. This arrangement is mainly influenced by NVIDIA's supply strategy, aiming to ensure the stable supply of various types of HBM memory while also controlling the product's thermal output. It is understood that the 8-layer memory is highly likely to become the flagship product of the next generation HBM4E. (ZDNET Korea)

On Tuesday, the number of commodity vessels passing through the Strait of Hormuz remained unchanged at five, significantly below the 10-day average of fifteen.

European Central Bank Executive Board Member Schnabel: Inflation risks remain tilted to the upside, interest rates must continue to rise

European Central Bank Executive Board member Schnabel: Due to economic resilience, interest rates must be raised further.