Last week the scrap and billet market saw a revival in activity that led to a recovery in prices from the low points reached at the end of May.

Scrap, for example, returned to $355/tonne cfr Turkey for HMS 1/2 (80:20) after having touched $340/t cfr Turkey at the beginning …

During the last three months the price differentials for steel products globally have started to take a clear direction as a result of the uncertainty raised by new trade barriers.

The domino effect began with US 232 tariffs. As a result, three months later, some major steel markets such as …

Raw material prices globally remained under pressure last week following the announcement by the US authorities to impose a 25% tariff on imports from Europe, Canada and Mexico. This has further confirmed that the near future of the market will be dominated by trade issues and increasing barriers.

The iron …

In April the global capacity utilisation rate at crude steel mills reached almost 77%. That represents a four-year high, thanks to continuing recovery in output driven by China and followed by the majority of the top steelmaking countries, according to the latest data from the World Steel Association (worldsteel). In …