During the last two weeks iron ore prices have continued the downtrend initiated in July, to fall back to the lowest price level seen since the end of January this year. On Thursday the 22nd of August the price of iron ore touched $83.34/dry metric ton cfr Qingdao, only to recover …

The differential between the global benchmark for scrap and iron ore has been climbing back rapidly during the last several days, as Chinese iron ore has lost ground while Turkish scrap has remained relatively stable.

At the end of last week the differential between HMS 1/2 (80:20 blend) CFR Turkey …

ArcelorMittal has again reduced its outlook for global demand in 2019. This is mainly due to the persistent uncertainties in key markets such as Europe and despite a better-than-expected performance in Chinese demand.

In its second quarter financial results, the company explains that it expects apparent demand this year to only grow by 0.5-1.5% year-on-year. …

World crude steel production for the 64 countries reporting to the World Steel Association increased 4.6% on-year in June to 158.98 million tonnes.

As in the previous month, Chinese production surged 10% on-year to 87.53mt in June, while Indian output rose 4% to 9.34mt and Japanese production inched up 0.4% …