Issue 08, 2024 - This week's editorial: Black Sea billet prices under pressure, scrap looks down

China's weakening pricing situation after the Lunar New Year, combined with March-production availability from Russian producers amid stagnant activity in foreign markets, is exerting pressure on Russian billet prices.

At the same time, the cost …

Issue 07, 2024 - This week's editorial: Analysts maintain 2024 iron ore forecast stability, confirm long- term downtrend

BMI Research has maintained its 2024 iron ore price forecast at an annual average of $120/ tonne, as price resilience continues from positive sentiment over Chinese stimulus hopes.According to Kallanish price series, the …

Issue 06, 2024 - This week's editorial: Tight supply set to support scrap prices despite weak steel demand in H1 2024

Panelists at last week’s Kallanish steel scrap 2024 conference in Istanbul agreed that scrap prices would remain stable in the first half of 2024 due to the unfavourable economic fundamentals …

Issue 05, 2024 - This week's editorial: Pig iron prices stable, as sentiment leans toward downturns

Russia is reported to be facing challenges in transporting pig iron cargos to Black Sea and Far Eastern ports. At the same time, “there is no lack of Russian pig iron on offer,” a trader …