Last week the pricing trend of scrap in Turkey, iron ore in China and semis in the Black Sea diverged significantly.

Iron ore surpassed the level of $70/tonne cfr Qingdao for the first time since March this year. The recovery was supported mainly by firm sentiment in finished steel prices …

Recent months have been characterised by a number of uncertainties for the steel sector. The Turkish crisis that exploded during the summer brought a slump in scrap prices and many concerns for the global steel industry. In addition, recent evaluation of the upcoming restrictions for winter steel output in China …

The last two weeks of September saw a clear ebb in sentiment in Chinese steel markets as uncertainty over winter restrictions turned in to expectation that they would not be as strict as hoped for. How much production will actually be cut, and how this compares to last year and …

The Organization for Economic Cooperation and Development (OECD) says that global steelmaking capacity decreased for the second consecutive year in 2017. Its latest report on the topic suggests, however, that the latest “… modest decrease still falls short of alleviating global overcapacity." The organisation also foresees significant additional steelmaking capacity …