The rally in global steel prices continued last week, supported by scrap levels approaching a new record level and iron prices stabilising at above $68/tonne cfr Qingdao.

As an indicator as we head into August, HRC exported from the CIS is currently at its highest level of the year, at …

Global raw material prices last week jumped again as the recovery that began in June continued.

Both scrap and iron ore prices continue to be well above the levels registered in July 2016 and 2015. Iron ore, now steadily above the $65/t CFR Qingdao, is some $10/t above the levels …

Last week a number of indicators from major steel consuming areas suggested that year -to-date demand is beating expectations, which were already relatively positive earlier this year. This is continuing to support steel prices internationally despite the summer slowdown.

Eurofer, the European steelmakers association, increased its outlook for both apparent …

Last week global scrap and iron ore prices continued their recovery, supporting the overall positive trend for finished steel prices. Scrap levels in Turkey are rapidly approaching the annual peak registered at the beginning of March this year, while iron ore remains almost $30/t below the record level of February …