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September, 25th 2020

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Weekly Steel

Week 34 Aug. 22, 2017

Iron ore/scrap differential reaches record high

The differential between the global benchmark for iron and scrap has reached a new record level last week, as scrap prices continued to jump and the iron ore prices stabilised at the levels seen since the second week of August. 

Week 33 Aug. 15, 2017

Chinese steel prices rise as global demand firms

Prospects for the global steel sector for the rest of 2017 remain healthy. Seaborne iron ore prices are in the mid-$70 range, global ferrous scrap prices continue to strengthen, Chinese steel prices remain firm-to-improving and most major steelmakers are posting improving financial results.


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 …