· Metals: Copper +1.4% to $4.40lb, iron ore +0.20% to...

· Metals: Copper +1.4% to $4.40lb, iron ore +0.20% to US$201.90/t

· Energy: Brent crude +0.4% to US$74.1/bbl, WTI +0.2% to US$72.1/bbl

· Keyovernight stock moves: BHP LND +1.3%, Rio Tinto LND +1.4%, S32 (LDN) +1.7%, AAL +1.9%, GLEN +1.3%, Vale 0.0%, AA -0.5%, Shell 0.0%, BP 0.0%, XOM -0.1%, Chevron 0.0%, COP -1.6%

· GlobalIndices: S&P 500 +1.01%, DOW +0.68% & FTSE +0.85%

Prices for medium grade iron ore fines in the seabornemarket stabilized last Friday as steel margins recovered with the 62% Fe IronOre Index at $201.90/dry mt CFR North China on July 23, up 40 cents/dmt fromJuly 22. Chinese steelmaker's procurement preferences were shifting away from premium ores, despite the recent rebound in steel margins, and toward discounted fines as mills were ramping down pig iron production. Contract customers told Platts that BHP widened the August term contract discounts for Jimblebar fines to 6% to the 62% Fe indexes from 0.75% in July, and the discount for Yandi fines to 10% from 6% over the same period, contract customers said July 23. (Platts)

Global steel production gained 11.6% year-on-year inJune, but growth of 1.5% in top producer China was constrained by governmentefforts to curb emissions, which analysts expect to further cap output. Crude steel output rose to 167.9 million tonnes in June, World Steel Association data showed on Friday, although the percentage gain was flattered by a slump last year as a result of the COVID-19 pandemic. (Reuters)