The OECD has reiterated the need for further global steelmaking capacity reductions after the unexpected growth in capacity in the first half of 2019 despite weak global demand conditions.

At a meeting last week the OECD Steel Committee stressed that “…government interventions, market distorting support measures and resulting excess capacity …

The global steel industry has reached its latest inflection point, which is likely to be followed by a prolonged period of slow growth, according to worldsteel data management head Adam Szewczyk speaking at Irepas conference in Germany last week.

The global economy is experiencing structural challenges and a slowdown in …

CIS billet export prices have diverged, as conflicting fundamentals are pulling market participants' expectations in opposite directions.

The sellers' camp is firmly split between integrated and scrap mills, with the former having sold large October-casting volumes to Southeast Asia and North Africa at lower prices. Scrap-based mills with significantly shorter lead …

Last week the Turkish scrap price index reached a new three years low, falling to below $240/tonne cfr Turkey. The last time such a low level was registered was in October 2016, just as the market began to recover after a big drop in the previous two months. Now the …