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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...
Turkish imported scrap prices rise to eight-year highs
Turkish steel producers successfully maintained the upward trend in the global scrap price, with prices rising to an eight-year high. Despite the increase in the price of imported scrap, Turkish steel producers actively booked numerous bulk cargoes throughout the week...
New standards for scrap steel to be announced on 1 January 21
A short statement titled "Recycling of ferro-steel materials", published on the website of China's National Public Service Platform for Standards Information, confirms that the long-awaited introduction of new classification standards for the country's scrap steel...