The differential between scrap and iron prices hit a new record level last week, as Turkish scrap strengthened further and iron ore moved down slightly after the most recent rally. According to Kallanish price series, the differential between Turkish imported HMS 1/2 and Chinese imported iron ore surpassed $285/tonne on …

Billet prices in the Black Sea region have changed direction since the beginning of November, as raw materials pricing sentiment strengthened during the last few weeks. The benchmark for billet exported out of the Black Sea fell by $60/tonne in two months since mid-September, but returned at $480/t fob last …

The World Steel Association (worldsteel) says that global crude steel output from its 66 reporting countries was 145.3 million tonnes in October 2017, up 5.9% year-on-year. Capacity utilisation within the reporting countries also rose y-o-y again during the month, but dipped slightly compared to September 2017.

China produced 72.4mt in …

Last week, all eyes in the global steel markets were pointed at China, where the announced measures to restrict output during the winter season have begun to be implemented. The local authorities have decided to put restrictions on output by certain mills in order to control pollution levels during the …