Last week, as expected, the global market focused on understanding the effects of the slump in seaborne iron ore prices registered on 26 November. All steel prices internationally have suffered as a consequence, but the latest reduction in CIS billet prices confirms that the year is coming to an end …

The World Steel Association (worldsteel) says that global crude steel output from its 64 reporting countries was 156.6 million tonnes in October 2018, up 5.8% year-on-year.

Overall during the first ten months of the year crude steel production increased some 4.7% y-o-y; by the end of the year this level …

Global rebar markets have continued to be under pressure in recent weeks as Chinese domestic prices have seen a strong downward trend, after a long period of healthy performance.

During the last two weeks, Chinese domestic rebar prices have lost over $40/tonne according to the Kallanish index, putting increasing pressure …

The global iron ore price has continued to perform strongly during the last several weeks, despite the weakness in Chinese finished steel prices. Last week the international benchmark for the market, the cfr China 62% Fe price, surpassed $76/tonne cfr Qingdao according to Kallanish, reaching the highest level since beginning …