Last week the first signs of weakness in iron ore and scrap prices became evident in the market, as benchmark indexes settled at lower levels compared with those seen the week before.

The price of HMS 1⁄2 scrap imported into Turkey lost some $5/tonne last week due to fresh deals …

Scrap and billet prices remain at a peak level globally despite the fact iron ore stabilised at some $15/t below this year’s record registered in February.

One reason for such high price levels for scrap and billet is said to be the issue relating to prices and availability of graphite …

Semi-finished products prices continued to remain firm last week, having reached their annual peak supported by strong scrap and iron ore prices.

According to Kallanish, billet stabilised at some $500-510/t FOB Black Sea since mid-August, as the high scrap levels pushed Turkish mills to increasingly order billets as a substitute …

Last week the World Steel Association published the latest data regarding crude steel production globally, confirming once again that output is continuing to expand this year, supported mainly by the Chinese market.

In July the world produced 143.2 million tonnes of crude steel, up over 6% year-on-year. This is the …