The new European permanent safeguard system for steel. in place since the beginning of February, is continuing to create problems. Some specific quotas have already been filled until the end of June and the market is still struggling to understand how much impact these will have on the global sector. …

Last week billet prices across the globe continued to perform well, but, for many observers, the peak might be near.

CIS billet mills increased their offers to $460-470/tonne fob Black Sea at the end of last week. They have seemingly no intention to compromise with buyers whose bids at lower …

The Brazilian miner Vale is still assessing the damage from the accident at the Brumadinho mine at the end of January. This has resulted in over 150 fatalities and has spurred a number of decisions by the Brazilian authorities which are impacting the miner’s production in the short and medium …

Last week the CIS billet market, often used as a means of understanding the global sentiment of the steel sector, confirmed the uncertainty among market operators. Raw material prices rose but steel demand remains sluggish globally.

CIS billet suppliers' offers have risen to $430-440/tonne fob Black Sea for March loading-ready …