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Global Ferrous Scrap Markets Diverge As Turkey Buys At Lower Levels
International ferrous scrap markets followed divergent directions in the week ended Friday August 14. Turkish mills continued to rebuild inventories for September shipment, but fresh European and US cargoes were booked at slightly lower levels, putting pressure on...
Chinese Stainless Steel Demand Strengthens But Prices Remain Stable
Chinese domestic stainless steel prices remained largely stable in the week ended Wednesday August 12, despite an improvement in spot demand. Stronger purchasing was insufficient to change quotations across the board because sellers are still managing high inventories...
Indian Flat Steel Decline Ends As Supply Tightens
India’s flat-steel market showed a clear improvement in the week ended Friday August 14, with the previous downward trend now close to exhaustion. Reduced availability in the merchant market, low inventories and more constructive demand allowed mills to defend the...
European Steel Coils Hold Firm Between Inventories And New Duties
European steel coil prices maintained a resilient direction in the week ended in mid-August despite the summer break and abundant import inventories at ports. Domestic CRC and HDG consolidated the increases of around €20 per tonne accumulated in previous weeks, while...