The Bureau of International Recycling (BIR) expects current issues with container shipments to remain until the end of 2021.

The market needs to prepare for more challenging times, as container production is insufficient, resulting in a shortfall of several thousand containers, said participants at BIR’s annual convention on Tuesday.

On …

The daily Kallanish KORE 62% Fe index last week lost slightly more than 10% since its latest all-time peak reached on 18 of May at $219.84/t CFR China. The sudden drop was caused mainly by the actions of the Chinese government, concerned by the growing steel and raw material prices. …

Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) surged 23.3% on-year in April to 169.46 million tonnes, although this came from a low base as Covid-19 hit output last year. It was down, nevertheless, 0.4% on March as most large steelmaking countries reduced somewhat …

Negotiations to refinance Sanjiv Gupta’s GFG Alliance have been thrown into doubt after the UK’s Serious Fraud Office (SFO) announced on Friday that it would investigate the group.

The SFO said in a statement that it is “investigating suspected fraud, fraudulent trading and money laundering in relation to the financing …