It is a fallacy that the world’s steel industry will run out of ferrous scrap feedstocks in the transition to electric arc furnaces, according to the top executive at Steel Dynamics.

Speaking at the Global Steel Dynamics Forum in New York on 27 June, Steel Dynamics chairman and ceo Mark …

The global steel production decline deepened in May to 5.1% on-year, giving 161,594 tonnes, with only India, the Middle East and Africa registering significant growth, according to worldsteel data.

Chinese output dropped 7.3% to 90.1mt, while Japan and South Korea saw production fall 5% and 0.1% respectively to 7.65mt and …

Australian fob coking coal prices rose marginally during the week ended 16 June due to improved steel prices.

Kallanish assessed premium hard coking coal at $230.98/tonne fob Australia, up $3.22/t from $227.76/t fob the previous week.

On the Singapore Exchange, Premium Coking Coal Futures for July settled at $227/t fob …

There was no pig iron trading activity from the Black/Baltic Seas during the last ten days, with buyers in large consumer markets Turkey and Italy remaining quiet, sitting on sufficient stocks. Their low bids remained unmatched by Russian suppliers.

In Turkey, despite firm imported scrap values and expectations for the …