Kallanish

Last week global scrap and iron ore prices continued their recovery, supporting the overall positive trend for finished steel prices. Scrap levels in Turkey are rapidly approaching the annual peak registered at the beginning of March this year, while iron ore remains almost $30/t below the record level of February …

Last week the global ferrous market continued to enjoy a positive momentum, as raw material prices remained firm and continued to support finished steel levels across the globe.

Iron ore stabilised at levels above the $60/t CFR Qingdao, a level not recorded since end of May this year. The firm …

Last week, CitiBank published its revised outlook for the iron ore market. According to the latest analysis from the bank, iron ore prices are set to continue their negative trend in order to force producers to reduce output and rebalance supply and demand. Citi says that iron ore has to …

Last week the steel market saw the pressure on raw material prices easing slightly. Iron ore levels moved up toward the end of the week and scrap prices reached the highest point since March this year.

Iron ore prices closed the week near $55/tonne cfr Qingdao, much lower than the …