Supply has caught up with demand in the global long products market, with lead times shortening, although higher prices than at the beginning of the fourth quarter of 2020 will be the new normal, says the International Rebar Exporters and Producers Association (Irepas). Moreover, freight rates are still significantly elevated. …

India has proposed to impose an additional €292 million ($346m) worth of import duties on products coming from the EU. The proposed duties will be in retaliation against quota restrictions put in place by the EU on steel imports from India.

India has submitted the request to the World Trade …

Despite a relatively slow end to the summer holiday season, US sheet prices remain robust - and market sources don’t expect them to cool off in the summer. All over the world coil prices are trending downward, but the US market is currently not expected to be following this negative …

Iron ore prices should ease further in the coming months after the iron ore price rally started to show signs of weakening, according to Fitch Solutions. Demand from Chinese steel producers peaked in the first half of 2021 and this is coinciding with improved global supply.

The research firm has …