Uncertainty increased in the global steel market last week as the Covid-19 spread impacted the outlook for many of the largest steelmaking and steel-consuming countries. While Chinese iron ore prices are holding up relatively well, billet prices have come under increasing pressure. Billet prices are often a good indicator of …

Last week iron ore surged again to a level of above $90/tonne cfr Qingdao, according to the Kallanish index for 62% Fe Australian fines. The recovery confirms the intense volatility of iron ore in the current uncertain market. Chinese production is picking up again after the coronavirus issue while European …

With their domestic demand impacted by the coronavirus outbreak and inventories building up, Chinese suppliers are expected to return to the export market. This is according to the committees of the International Rebar Exporters and Producers Association (Irepas) meeting at the end of February in Belgrade. Chinese billet has already …

Last week, the main global news involved the rapid spread of the coronavirus in Europe, with growing fears also being registered in the US and in many other countries. While the numbers of infected people are lowering in China, concern in the Western world is now spreading. This is most …