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September, 26th 2020

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Weekly Steel

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 …

Week 28 July 11, 2017

Scrap/iron ore differential at record level amid recovery

Last week global scrap and iron ore prices continued their recovery, supporting the overall positive trend for finished steel prices. Scrap levels in Turkey are rapidly approaching the annual peak registered at the beginning of March this year, while iron ore remains almost $30/t below the record level of February …

Week 27 July 4, 2017

Firm raw material prices support steel

Last week the global ferrous market continued to enjoy a positive momentum, as raw material prices remained firm and continued to support finished steel levels across the globe.

Iron ore stabilised at levels above the $60/t CFR Qingdao, a level not recorded since end of May this year. The firm …