During the last 10 days the global market has sent out very mixed signals, indicating that uncertainty over the future direction of prices is growing. Scrap levels have recovered, supporting billet and longs prices, but iron ore continued to remain range-bound.

The apparent recovery of CIS billet prices at the …

Crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) rose 5.8% on-year in July to 154.6 million tonnes, accelerating further the overall recovery seen so far in 2018.

Output in Asia grew 6.3% to 108.98mt, driven by a 7.2% and estimated 8% growth respectively in …

Two major credit rating agencies have downgraded their ratings for Turkey due to the country’s increasing financial stress and a’ perceived inadequate response from policymakers.

Moody’s has downgraded Turkey’s long-term issuer ratings to Ba3 from Ba2 and changed its rating outlook to negative, concluding the review for downgrade that was …

August is usually a relatively calm month for the global steel markets as most of the main producer countries take an annual summer break. This year, nevertheless, the announcement by the US authorities of the decision to double the import tariffs for steel and aluminium for Turkish products forced many …