The sleepy CIS merchant pig iron trade has been stirred up with just one sale in the past week, when a trader sold a very long position to a buyer in Latin America. Meanwhile both Turkish scrap and Chinese iron ore reached new all time records last week.

A 30,000-tonne …

German carmaker Volkswagen Group predicts more disruptions in production due to the continued global semiconductor shortages. During the last few weeks, a number of global carmakers announced temporary stoppages of production units due to the lack of supplies, a trend expected to continue further in 2021. “Due to the increasing …

Speakers at the Kallanish Asia Steel Markets 2021 conference last week gave their outlooks on trade flows following the unforeseen Covid-19 shock to trade last year.

Derek Langston of SSY Consultancy Research pointed out that freight rates are at an 11-year high due to economic and industrial recoveries, container shortages, …

Global steel demand was better than previously expected in 2020, and the outlook for 2021 has also been revised upwards by worldsteel.

In its previous outlook issued last October, worldsteel had expected finished steel demand to fall 2.4% on-year in 2020. The association confirmed on Thursday, however, that the fall …