Three fresh bookings were heard in the Turkish scrap market on Friday, confirming that the market remained firm last week despite uncertainty growing. The new orders follow recent bookings for HMS 1&2 80:20 at $369/t cfr from the EU and at $374/t cfr from the US. A Marmara mill bought …

German steelmaker Salzgitter said recently that the extension of EU safeguard measures beyond their current, end-June 2024 expiration deadline is unlikely.

“It will then be possible to import steel products into the EU market from July 1, 2024 onward without any restrictions by tariff quotas, which will likely drive up …

ArcelorMittal, the second largest steelmaker globally and the main steelmaker outside of China, has cut its global ex-China apparent steel consumption (ASC) growth forecast for 2023 to 1-2% from the previous 2-3%, due to worse-than-expected performance in the US, Brazil and Europe.

In the US, as real demand growth is …

Unfavourable conditions prevail in the recycled steel market, with hopes for improvement resting on the last quarter of the year, says Bureau of International Recycling (BIR) Ferrous Division president Denis Reuter.

Positives could come from effective economic stimulus measures in China, a confident economic policy from the Turkish government and …