Issue 04, 2024 - This week's editorial: Turkish scrap prices find bottom after recent downturn

Scrap prices in Turkey have continued to soften on fresh deals concluded after the week ending 19 January.

Two deep-sea scrap bookings from 19 January were heard in the market. A Benelux supplier sold HMS 1&2 …

Issue 03, 2024 - Indian HRC domestic demand slows and mills look again at export markets

India’s domestic demand for hot and cold rolled coil is expected to soften due to the upcoming general election, meaning mills are looking to export their excess production.

Domestic demand is sluggish, traders say. …

Issue 02, 2024 - This week's editorial: Chinese iron ore market remains under pressure

Seaborne iron ore prices fell again on Friday, after a week of continued downward corrections. China reduced iron ore imports in December 2023, but overall during last year it reached a new annual record level. The outlook …

Issue 01, 2024 - This week's editorial: Billets market starts 2024 with recovering expectations

Russian billet suppliers continued observing a holiday break during the first week of January, resulting in limited activity. The new year has nevertheless started strong in terms of prices and further hikes are expected in the coming …