While most global steel markets enjoyed a break during the Christmas holidays, the eyes of most analysts and participants turned toward Russia, where the local authorities are pushing forward a number of measures to apply export duties for scrap and steel products, in order to protect the domestic market.

Russian …

The upward momentum for steel prices registered globally did not slow down last week. In the CIS, both billets and slab prices continue to recover and they are now at record levels.

BILLETS - A Russian mill sold a 10,000 tonne lot for February loading to a Turkish re- roller …

Questions swirled Thursday last week at Kallanish’s Europe Steel Markets 2020 virtual conference regarding the potential costs – large and small – of Europe’s on-going transition to green steel.

“The question we should ask ourselves is, “can we not afford how we pay for a fossil-free product in the future?” …

Fitch expects the 62% Fe benchmark iron ore price to fall below $100/tonne going into 2021, but the iron ore market will remain tight in 2021 and possibly 2022. Ore supply will be stronger in the second half of 2020, following H1 disruptions, but port congestion in China is delaying …