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July, 5th 2020

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Weekly Steel

Week 32 Aug. 8, 2017

Raw material price rally continues

The rally of ferrous raw material prices continued last week supported by the good momentum in most global markets. Both iron ore and scrap international benchmarks jumped again, surpassing again the market expectations.

Scrap reached last week $330/t CFR Turkey for HMS 1/2 (80:20 blend), matching the highest point ever …

Week 31 Aug. 1, 2017

Global price rally continues, demand outlook improves

The rally in global steel prices continued last week, supported by scrap levels approaching a new record level and iron prices stabilising at above $68/tonne cfr Qingdao.

As an indicator as we head into August, HRC exported from the CIS is currently at its highest level of the year, at …

Week 30 July 25, 2017

Raw material prices jump again

Global raw material prices last week jumped again as the recovery that began in June continued.

Both scrap and iron ore prices continue to be well above the levels registered in July 2016 and 2015. Iron ore, now steadily above the $65/t CFR Qingdao, is some $10/t above the levels …

Week 29 July 18, 2017

Steel demand performing better than anticipated

Last week a number of indicators from major steel consuming areas suggested that year -to-date demand is beating expectations, which were already relatively positive earlier this year. This is continuing to support steel prices internationally despite the summer slowdown.

Eurofer, the European steelmakers association, increased its outlook for both apparent …