August is usually a relatively calm month for the global steel markets as most of the main producer countries take an annual summer break. This year, nevertheless, the announcement by the US authorities of the decision to double the import tariffs for steel and aluminium for Turkish products forced many …

CIS billet prices remained stable last week, but the market continues to be described by traders as “... drifting.” Since the end of July Black Sea export prices for billet have stabilised at $500/tonne fob, close to the annual lower-end reached in late January this year.

Historically billet prices are …

As anticipated, last week iron ore firmed further while scrap reached the lowest point registered so far in 2018. The diverging trends of the two raw materials has reduced the differential, this having been at record levels for most of the current year.

Iron ore once again rose above the …

Last week the global raw materials market remained stable as the relative quietness of August approaches and views on the market regarding the developments of prices in the next weeks are mixed. Iron ore closed last week at slightly below $64/t CFR Qingdao having continued to be range-bound at $62-64/t …