The gap between global production and capacity is expected to reach 700 million tonnes in 2020, increasing for the first time since 2016, the OECD steel committee said during its latest session held virtually.

The association noted the latest available data from the OECD show that global steelmaking capacity could …

The looming second wave of the Covid-19 pandemic is creating huge uncertainty over steel demand and pricing in the fourth quarter after the market improvement witnessed in Q3. So said International Rebar Exporters and Producers Association (Irepas) committee members at the association’s virtual meeting this week.

Scrap is back to …

Last week billet prices globally remained strong despite the growing concern that some corrections could be seen in the Turkish scrap market. In Asia, the sentiment was still good thanks to the fact iron ore recovered again toward the end of the week, while in the CIS mills are holding …

Some 34% of blast furnaces idled during the peak of the Covid-19 pandemic are being restarted, UBS bank says in a new steel and iron ore market analysis published last week. The trend is set to continue further.

The bank calculates 72 blast furnaces were idled globally in response to …