The looming second wave of the Covid-19 pandemic is creating huge uncertainty over steel demand and pricing in the fourth quarter after the market improvement witnessed in Q3. So said International Rebar Exporters and Producers Association (Irepas) committee members at the association’s virtual meeting this week.

Scrap is back to …

Last week billet prices globally remained strong despite the growing concern that some corrections could be seen in the Turkish scrap market. In Asia, the sentiment was still good thanks to the fact iron ore recovered again toward the end of the week, while in the CIS mills are holding …

Some 34% of blast furnaces idled during the peak of the Covid-19 pandemic are being restarted, UBS bank says in a new steel and iron ore market analysis published last week. The trend is set to continue further.

The bank calculates 72 blast furnaces were idled globally in response to …

Last week ArcelorMittal continued to send mixed signals to the European market regarding the ongoing production recovery on the continent.

After announcing the restart of a blast furnace in Dunkirk, in northern France, the company also confirmed that other blast furnaces will be restarted during September in Fos-sur-Mer (south of …