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Global Scrap: Apparent Stability In A Supply-Tight Market
The global ferrous scrap market closed the week ended February 20 in a condition of broad stability, supported by limited supply and selective restocking operations across the main consuming regions. Behind the apparent balance, however, lies a fragile structure:...
US Steel: HRC Nears $1,000 And The Market Holds Its Breath
Hot-rolled coil (HRC) prices in the US Midwest reached $980 per short ton on Friday February 20, fueling a question that is now circulating insistently among distributors and producers: how much further can prices rise? The daily HRC fob mill US Midwest index stood at...
Scrap In South Asia: Diverging Sentiment Between India, Bangladesh And Pakistan
The ferrous scrap market in South Asia showed mixed signals in the week ended Friday February 20. While India and Pakistan recorded a cooling of domestic steel demand, Bangladesh returned as a protagonist with a deep-sea booking from the United States, signaling that...
India Toward 400 Million Tonnes: The New Frontier Of Global Steel
India aims to become one of the absolute pillars of the global steel industry. The declared objective is ambitious: to reach 400 million tonnes per year of crude steel capacity by 2035-36, against a backdrop of rapidly growing domestic consumption and sustained...