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 …

Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) rose 7% on-year in October to 161.89 million tonnes, gaining further momentum from growth in August and September.

Chinese output continued its relentless growth, rising 12.7% in October to 92.2mt. Indian output finally rebounded to pre-coronavirus …