The downturn in scrap prices which started in the Turkish market during the second week of January is beginning to have a direct impact on steel prices globally. While it is too soon to say whether a long downward trend has started or if the current correction is merely temporary, …

Last week was marked by the first real downward correction of Turkish scrap prices since the rally started last year in October. According to the Kallanish index, HMS 1/2 80:20 settled at the end of last week at $460/tonne cfr Turkey, down over $20/t from its peak the week earlier. …

The global stainless steel market is enjoying a similar rally to that seen by carbon steel, supported by tight supply and record levels for raw materials.

CHINA
China's stainless steel market and futures prices increased last week. At the same time, nickel futures on the London Metal Exchange also hit …

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 …