The World Steel Association has delayed its bi-annual outlook on global steel demand due to the uncertainties caused by Covid-19. Nevertheless, a big fall in overall steel demand this year is inevitable.

“After slower than expected growth in 2019, mainly due to the deep manufacturing recession in the developed economies, …

Last week BHP has said it has not seen any impact on its operations from the coronavirus, despite a small number of its staff globally testing positive. It notes there has not been any broad transmission between employees and that it has taken measures to reduce the risk of the …

Last week the rapid slump of Turkish scrap prices took the differential between scrap and iron ore to record-low levels. Despite the difficulties in the global steel markets, iron ore is holding between $80/tonne and $90/t. Turkish scrap values meanwhile touched a fouryear low ast week. According to Kallanish, the …

The rating agency Fitch expects iron ore prices to fall in the second half of 2020 as a result of increasing output in Brazil and Australia later in the year, as well as slower economic growth. Its iron ore price assumptions, however, remain unchanged at $75/tonne cfr China for 62% …