BOF-based producers are facing severe pressure due mainly to increasing raw material costs, with closures confirmed and threats of potential closures in several regions. The only solution may be to slow down and stop inefficient facilities, says the International Rebar Exporters and Producers Association (Irepas) in its monthly market report.  …

The UK steel sector is facing ever greater uncertainty as a result of Brexit, according to various speakers at the Kallanish Europe Steel Markets 2019 in Amsterdam last week. Although this is unlikely to be resolved in the near future, the sector could also have an enormous opportunity, however, if it is …

The market for flat products has been suffering from increasing pressure since the second part of last year, as prices have started to trend down globally due to a slowdown in demand. This has happened, nevertheless, as input costs (particularly iron ore prices) have continued to remain elevated, severely impacting …

Last week the iron ore index published daily by Kallanish reached a new five-year record due to continued market concerns about tight supply of the seaborne product. On Thursday, KORE 62% Fe index  reached $108.23/dry metric ton cfr Qingdao, surging almost $10/tonne over four days.

This was the highest level …