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US ferrous scrap exports rebounded 27% in October
The world's largest ferrous scrap supplier (US) exports increased 27% from last month, up 27% m-o-m to 1.47 million tonnes in October 20, as shipments to Turkey, Bangladesh and Mexico surged. However, on a year-on-year basis, export volumes totalled 1.52 million...
Iron ore exceeds the high of the last 7 years
Iron ore spot prices continue to trend upward, confirming the trend that began in May. The price has surpassed the high seen in 2013 ($130/ton), moving above the $150/ton area. Demand from China’s steel industry remains strong, with production expected to exceed...
China’s domestic steel market is likely to see a price increase in 2021
China's domestic steel market is likely to see a price increase in 2021, especially in the first half of the year, given the possibility of a relatively tight balance between supply and demand. According to Chen Xiaowen, deputy of SGIS Songshan, "we are in a...
Global steel demand will increase by 4.1% compared to 2021
According to Zhong, the principal representative of the World Steel Association's Beijing office, worldwide steel demand is expected to strengthen by 4.1% year-on-year in 2021, with growth in Asia being healthy and contributing the majority of the world's total...