The global steel production decline deepened in May to 5.1% on-year, giving 161,594 tonnes, with only India, the Middle East and Africa registering significant growth, according to worldsteel data.

Chinese output dropped 7.3% to 90.1mt, while Japan and South Korea saw production fall 5% and 0.1% respectively to 7.65mt and …

Australian fob coking coal prices rose marginally during the week ended 16 June due to improved steel prices.

Kallanish assessed premium hard coking coal at $230.98/tonne fob Australia, up $3.22/t from $227.76/t fob the previous week.

On the Singapore Exchange, Premium Coking Coal Futures for July settled at $227/t fob …

There was no pig iron trading activity from the Black/Baltic Seas during the last ten days, with buyers in large consumer markets Turkey and Italy remaining quiet, sitting on sufficient stocks. Their low bids remained unmatched by Russian suppliers.

In Turkey, despite firm imported scrap values and expectations for the …

The European Commission issued a statement to the WTO at the end of last week confirming the decision to extend the safeguard measures in place until the end of June 2024.
A review of the measures was initiated at the end of 2022.
After careful consideration, the EC noted that …