Despite the relative stability of iron ore prices in China and globally, the downturn of the scrap market is impacting billet prices both in the CIS and in Asia. While in the CIS prices have dropped to the lowest level since June 2017, in South East Asia they are holding …

Iron ore prices have finished 2018 and started 2019 with strong momentum, following the steep correction registered in November. Since the beginning of December the Kallanish KORE 62% Fe index recovered almost $10/tonne, returning firmly above $73/t cfr Qingdao during the first days of the new year.

The positive momentum …

Last week Turkish scrap continued to remain under pressure. Mills in the country continue to face slow demand both domestically and in the export markets, forcing them to consider production stoppages in the coming weeks and months.

As purchases of scrap remained absent, the Kallanish index for HMS 1/2 80:20 …

The Turkish imported price continued to fall last week as local mills prepare to reduce their output during the winter on the back of little demand in the export markets as well as domestically.

Last week the Kallanish index registered a new decrease of some $10-15/t for Turkish scrap, returning …