Kallanish

Last week iron ore prices continued to move higher, especially during the first part of the week. Iron ore prices have been driven higher by a tight market for medium grade fines, but prices could be sustained by mills seeking to maintain output through the autumn.

On Wednesday, the Kallanish …

Last week the global billet market continued to remain firm thanks to the positive pricing sentiment for CIS material. After having supported the market strongly, Chinese demand softened somewhat, but market observers still believe the short- and medium-term prospects are good; therefore levels have not suffered from the reduction in …

Turkish scrap import prices increased further last week after at least two new bookings were confirmed. Bolstered by improved domestic rebar demand, mills are seen concluding more bookings before the Eid holiday, observers say. In Europe the sentiment is relatively good but in the US some pressure is starting to …

Since the beginning of April, billet prices in the CIS have started to recover. As of last week, the recovery reached some $50/tonne from the lowest point registered back in the fourth quarter of 2016, indicating that the market is continuing to show resilience in the face of the problems …