The billet market continues to be particularly strong. CIS suppliers have consolidated their export sales at some $550/tonne fob Black Sea supported by the relatively small availability and the continued lack of strong competition from other suppliers.

The strength in the billet market is also highlighting the good profitability overall …

Seaborne iron ore prices in China slumped below $70/tonne on Friday for the first time since 15 December. News of potential output restrictions in northern China are dragging down iron ore more than they are supporting steel prices. The fall in iron ore prices came as the market continued last …

The proposal by President Trump to slap a 25% tariff on all steel products imported in the US by all countries has raised concerns in an otherwise strong global steel market. It is too soon to understand the actual impact of such a proposal on the global markets. it is …

The global market is collectively holding its breath while US President Donald Trump carefully and calmly considers his response to the US Department of Commerce’s 232 investigation. The department’s preliminary recommendation was either a blanket tariff of 24% on every country and every product, a 53% tariff on 12 countries …