Global finished steel demand will increase 7% on-year in 2017 to 1.62 billion tonnes, the World Steel Association forecasts in its latest October short-range outlook. The high growth rate, however, is partly an effect of the shift to official statistics of unrecorded demand previously satisfied by Chinese induction furnaces, which …

The global steel community saw activity improve again last week as China returned after its Golden Week holiday. The lull seen in the week before last proved once again that the world’s largest steel producer and user continues to define market sentiment, activity and much else for that matter. That …

Global iron ore and scrap prices prepared for a rebound towards the end of last week, following the corrections registered since the beginning of September, but signals from the market are mixed. The extent of this recovery is uncertain and the iron ore market seems to be suffering more than …

Raw material prices continued their downward trend last week, falling back to the levels registered in mid-July. The correction is putting pressure on finished steel markets across the globe, with some exceptions such as Europe and Latin America. According to Kallanish price series, iron ore lost more than -15% since …