The post Covid-19 drive for sustainability has reinforced the dynamic of higher steel prices amid costs and other obstacles to decarbonisation. China’s rumoured steel output cuts should meanwhile materialise in the second half of the year, providing a boost to global steel margins observed participants at last week’s Kallanish Europe …

Competition has intensified in long products export markets amid slowing global demand and the presence of new supplying countries. The market is pinning its hopes on China reducing steel production, but it remains to be seen how strictly it does this, according to sources at the latest International Rebar Exporters …

Ferrous prices headed south across the board throughout April as China’s much-anticipated post-zero Covid-19 demand rebound did not materialise. Meanwhile, the European market optimism seen in the first quarter fizzled out and concerns grew over a recession in the US. In Turkey it became clear that post-earthquake reconstruction would not …

Australian fob coking coal prices dived last week amid selling pressure due to more supply and less demand.

Kallanish assessed premium hard coking coal at $229.28/tonne fob Australia, slumping $30.52/t from $259.80/t the previous week.

On the Singapore Exchange, Premium Coking Coal Futures for May settled at $234.67/t on Friday, …