World Steel Association forecasts flat global demand in 2026, rebound in 2027
The World Steel Association has published its Short Range Outlook for steel demand in 2026 and 2027, forecasting global demand will stay essentially flat next year at 1,722 Mt. The group said demand is then expected to return to growth in 2027, rising 1.7% to 1,752 Mt. Alfonso Hidalgo de Calcerrada, chair of the worldsteel Economics Committee, said the outlook set out in April still holds, but the recovery is proving slower and more gradual than expected. He said global demand is now forecast to be flat in 2026 rather than grow modestly, and to rise 1.7% in 2027 instead... [Continue Reading]
Breaking-360LiveNews | 13 Oct 2026 02:30 LONDON
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Day News Recap: Riyadh airport attacks widen Middle East tensions as energy shock deepens
Saudi Arabia said it would respond seriously after Houthi attacks on King Khalid International Airport in Riyadh, where two strikes left 14 people dead and more than 300 injured, according to the civil aviation authority. The airport was also suspended as Gulf allies voiced support for a stronger security response. 🔗 🔗The escalation comes as the International Energy Agency warned the world is facing the biggest energy crisis ever, with disruption from the Iran, US war now stretching beyond seven months. Iran also threatened to disrupt US and UAE oil shuttle operations in the Strait of Hormuz, while diesel markets... [Continue Reading]
360LiveNews Recap | 12 Oct 2026 18:21 LONDON
Breakfast News Recap: Riyadh airport hit again as global tensions, politics and markets stay on edge
Saudi Arabia said one person was killed and 11 others injured when a projectile struck King Khalid International Airport in Riyadh, the latest attack to hit the capital’s air hub and a fresh escalation after earlier strikes on the city. 🔗In the Middle East, Iran said it was ready to help facilitate talks between Saudi Arabia and Yemen’s Houthis after a call between the two countries’ foreign ministers, even as ceasefire tensions persisted in southern Lebanon where two men were killed during the olive harvest in Bint Jbeil district. 🔗 🔗Elsewhere in the region, Israeli Prime Minister Benjamin Netanyahu called... [Continue Reading]
360LiveNews Recap | 12 Oct 2026 08:37 LONDON
Day News Recap: Deadly Gulf attacks, Ukraine strikes and global unrest dominate a grim day
Repeated Houthi attacks on Saudi Arabia's King Khalid International Airport killed 12 people and wounded 309, leaving Riyadh's airport shut as the fallout widened and Donald Trump said the United States may join Saudi strikes on the Houthis. 🔗 🔗Security in the Gulf deteriorated further as attacks and warnings spread around the Strait of Hormuz and the Gulf of Oman, where an Iranian Guard report said a petrol tanker hit a naval mine and exploded, and US forces later disabled a cargo ship that allegedly ignored repeated warnings. 🔗 🔗 🔗 Shipping firms were also said to be offering captains... [Continue Reading]
360LiveNews Recap | 11 Oct 2026 18:23 LONDON
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Oil and stocks swing on renewed Iran war fears and Middle East supply concerns
Oil prices moved sharply on Wednesday as traders reacted to renewed fears of disruption to Middle East supply routes. Prices rose after reports that Iran appeared to be stepping up attacks on tankers in the Strait of Hormuz, then fell later in the session after officials signalled that more reserves could be released if needed. The swings also fed through to US financial markets, where stocks weakened and government bond yields climbed to their highest levels in more than two decades.The immediate trigger was a warning cited in the supplied material that tanker attacks in the Strait of Hormuz may... [Continue Reading]
360LiveNews | 08 Oct 2026 02:30 LONDON
Shell forecasts sharp rise in refinery margins as war-damaged plants tighten fuel supplies
Shell has forecast that its refinery profit margins will rise sharply in the July-to-September period, as shutdowns at war-damaged refineries in the Middle East and Russia squeeze global fuel supplies. The company said margins are expected to reach $42 a barrel, almost double the $24 a barrel recorded in the second quarter. That would also exceed the previous high of about $28 a barrel seen in mid-2022.The forecast was set out in a market trading update on Wednesday. Shell said the increase reflects a steep rise in the price of refined fuels, including diesel, relative to the cost of crude... [Continue Reading]
360LiveNews | 07 Oct 2026 10:00 LONDON
