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Short-term outlook on China’s steel products
Rebar and wire rod prices may gain ground from March 1-5, not only due to stronger demand from end users, but also due to positive market sentiment. Most construction contractors have resumed work on their projects, much earlier this year than the previous Chinese New...
Increased volatility in non-ferrous metals near major selling levels
On the last trading day, all major non-ferrous metals touched new highs, with copper, aluminum and zinc recording $9616/mt, $2242/mt and $2952/mt, respectively. All of these levels tested important selling areas, with the metals now giving way to new...
Steel price – Our Commodity Evolution Steel Price Index forecasts movements
Our Commodity Evolution Steel Price Index showed already in the first days of February the first upward movements, which then occurred on the price of Flat HRC China and other steels in the Europe - Turkey - Russia areas. There is a possibility of further rises in the...
Global scrap prices rebound
Turkey's imported scrap prices have shown strong fluctuation in recent deals. Buyers are actively booking new cargoes for March 21 shipments due to increased domestic demand for finished steel. Japan's main EAF steel mill, Tokyo Steel has increased the purchase price...