Issue 28, 2024 - This week's editorial: US eyes China tariff circumvention, EU safeguard puzzles

Big news can be hard to come by in the summer months, but Joe Biden delivered last week. The US President ordered that steel items imported from Mexico must be melted and poured in Mexico, Canada …

Issue 27, 2024 - This week's editorial: Global scrap prices firm

Indian demand for imported scrap remained sluggish last week, with no major bookings reported. Prices for EU/UK-origin shredded scrap stayed stable at $410-415/tonne, while West Africa-origin HMS 80:20 scrap held at $385-390/t cfr Nhava Sheva.

The onset of the monsoon …

Issue 26, 2024 - This week's editorial: Worldwide long steel consumption wanes. Prices decrease

Slow activity and a lacklustre market for long products are seen in Europe, Middle East, North Africa, Asia, and the US, resulting in occasionally declining prices. Rebar import prices continue to weaken in Singapore and Hong Kong, …

Low consumption impacts global HRC pricing and trade

European domestic HRC prices are projected to rise by €30-40/tonne ($32-42) in the coming weeks, reaching €700-720/t in Q4, according to GMK CEO Stanislav Zinchenko, who spoke earlier this month at Kallanish Europe Steel Markets 2024 in Milan. Most sellers expected prices …