CIS billet prices increased again last week amid fresh demand resulting in new sales at mills' offer levels. The sales lifted current offers to the pivotal $400/tonne fob mark and slightly higher, enabling mills to continue with price increases.

Several lots of billet, some considerable, were sold at $395-400/t fob …

The World Steel Association (worldsteel) said last week that global crude steel output from its 64 reporting countries was 151.5 million tonnes in October 2019, down -2.8% year-on-year. This drop is the biggest registered globally since 2016.

This year crude steel production increased strongly since the beginning of the year, …

Last week the ongoing recovery in scrap prices paused slightly, while iron ore prices continued to strengthen.

Although some Turkish mills were still inquiring about scrap at the beginning of last week, most were seen to have taken a wait-and-see stance for their scrap purchases. After an intense period of …

The scrap market has seen a fairly decent rebound and solid demand with balanced availability, but its sustainability is uncertain due to the lack of finished product demand. So says the International Rebar Exporters and Producers Association (Irepas) in its monthly short-range outlook published last week.

In a “…confusing” long …