A steady increase in Chinese steel prices at the end of last week pushed 62% Fe iron ore to its highest level in almost five years on Friday 12 April. A spurt in market optimism in China was supported by a large credit expansion in March, while import volumes also …

Global steelmakers’ association worldsteel expects to slightly reduce its growth forecast for steel demand for 2019 as market uncertainties continue. This was revealed by the association in a presentation during the latest meeting of the OECD Steel Committee in Paris last week.

In October 2018, worldsteel announced that 2019 steel demand …

The Organisation for Economic Co-operation and Development steel committee has produced a generally downbeat outlook for the global steel sector following its 86th session on 25-26 March. In a chair’s statement issued following the meeting, vice chairman Jai Motwane said that the outlook for steel markets faces considerable downside risks. …

More conflicting information regarding major iron ore suppliers continues to generate uncertainty in a steel market characterised by elevated prices supported by production and shipping problems since the beginning of the year.

Last week, Vale notified markets that it has been forced to close its Alegria mine, taking off-line another …